FENNE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FENNE
Largest movements
- Cash +€16,334
up €16,334 (+91.2%), from €17,916 to €34,250
mainly Net result for the year (+€16,875) and Depreciation (+€13,907)
- Intangible fixed assets -€10,143
down €10,143 (-24.0%), from €42,261 to €32,119
- Stocks and contracts -€1,441
down €1,441 (-17.5%), from €8,233 to €6,791
- Tangible fixed assets +€964
up €964 (+8.6%), from €11,204 to €12,168
of which Plant, machinery and equipment: +€2,093
- Other debts +€5,214
up €5,214 (+131%), from €3,995 to €9,209
- Tax, wage and social debts +€1,646
up €1,646 (+10.9%), from €15,143 to €16,789
of which Remuneration and social security: +€2,099
- Staff costs +€39,509
up €39,509 (+40.2%), from €98,316 to €137,825
- Gross operating margin +€29,400
up €29,400 (+19.6%), from €149,672 to €179,073
- Taxes -€3,427
down €3,427 (-26.8%), from €12,798 to €9,371
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,894 | €93,658 | +€6,763 | +7.8% |
| Fixed assets | 21/28 | €57,065 | €47,886 | -€9,179 | -16.1% |
| Intangible fixed assets | 21 | €42,261 | €32,119 | -€10,143 | -24.0% |
| Tangible fixed assets | 22/27 | €11,204 | €12,168 | +€964 | +8.6% |
| Plant, machinery and equipment | 23 | €8,655 | €10,748 | +€2,093 | +24.2% |
| Other tangible fixed assets | 26 | €2,549 | €1,420 | -€1,130 | -44.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €29,829 | €45,771 | +€15,942 | +53.4% |
| Stocks and contracts in progress | 3 | €8,233 | €6,791 | -€1,441 | -17.5% |
| Stocks | 30/36 | €8,233 | €6,791 | -€1,441 | -17.5% |
| Amounts receivable within one year | 40/41 | €1,659 | €2,516 | +€857 | +51.7% |
| Trade receivables | 40 | €1,659 | €1,848 | +€189 | +11.4% |
| Other amounts receivable | 41 | - | €668 | +€668 | |
| Cash at bank and in hand | 54/58 | €17,916 | €34,250 | +€16,334 | +91.2% |
| Deferred charges and accrued income | 490/1 | €2,022 | €2,214 | +€193 | +9.5% |
| Total equity and liabilities | 10/49 | €86,894 | €93,658 | +€6,763 | +7.8% |
| Equity | 10/15 | €60,230 | €60,175 | -€55 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,030 | €53,975 | -€55 | -0.1% |
| Distributable reserves | 133 | €54,030 | €53,975 | -€55 | -0.1% |
| Amounts payable | 17/49 | €26,664 | €33,482 | +€6,818 | +25.6% |
| Amounts payable within one year | 42/48 | €26,156 | €32,866 | +€6,710 | +25.7% |
| Trade debts | 44 | €7,018 | €6,867 | -€151 | -2.1% |
| Suppliers | 440/4 | €7,018 | €6,867 | -€151 | -2.1% |
| Taxes, remuneration and social security | 45 | €15,143 | €16,789 | +€1,646 | +10.9% |
| Taxes | 450/3 | €9,100 | €8,647 | -€453 | -5.0% |
| Remuneration and social security | 454/9 | €6,043 | €8,141 | +€2,099 | +34.7% |
| Other amounts payable | 47/48 | €3,995 | €9,209 | +€5,214 | +131% |
| Accrued charges and deferred income | 492/3 | €508 | €617 | +€109 | +21.3% |
| Remuneration, social security and pensions | 62 | €98,316 | €137,825 | +€39,509 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,362 | €13,907 | +€1,545 | +12.5% |
| Other operating charges | 640/8 | €600 | €407 | -€193 | -32.2% |
| Gross operating margin | 9900 | €149,672 | €179,073 | +€29,400 | +19.6% |
| Operating profit (loss) | 9901 | €38,394 | €26,935 | -€11,459 | -29.8% |
| Financial income | 75/76B | €97 | €131 | +€33 | +34.1% |
| Recurring financial income | 75 | €97 | €131 | +€33 | +34.1% |
| Financial charges | 65/66B | €1,342 | €819 | -€523 | -39.0% |
| Recurring financial charges | 65 | €1,342 | €819 | -€523 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €37,149 | €26,246 | -€10,903 | -29.3% |
| Income taxes | 67/77 | €12,798 | €9,371 | -€3,427 | -26.8% |
| Profit (loss) for the period | 9904 | €24,351 | €16,875 | -€7,476 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,351 | €16,875 | -€7,476 | -30.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.