FENNEC FOUNDRY: what changed
Two fiscal 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.
FENNEC FOUNDRY
Largest movements
- Receivables within one year -€29,656
down €29,656 (-95.3%), from €31,107 to €1,451
of which Trade receivables: -€29,661
- Tangible fixed assets -€8,401
down €8,401 (-56.6%), from €14,840 to €6,439
of which Plant, machinery and equipment: -€7,971
- Deferred charges and accrued income +€4,529
up €4,529 (+535.3%), from €846 to €5,375
- Trade debts -€16,723
down €16,723 (-98.1%), from €17,039 to €316
- Tax, wage and social debts -€12,597
down €12,597 (-71.9%), from €17,519 to €4,922
of which Taxes: -€9,397
- Profit (loss) carried forward -€6,389
down €6,389 (-18.8%), from -€33,979 to -€40,369
- Other debts +€6,086
up €6,086 (+20.8%), from €29,301 to €35,386
- Current portion of long-term debt -€3,691
down €3,691 (-44.7%), from €8,253 to €4,563
- Turnover +€74,526
new in 2023: €74,526
- Purchases and services +€72,799
new in 2023: €72,799
- Gross operating margin -€9,683
down €9,683 (-63.8%), from €15,183 to €5,500
- Depreciation -€2,783
down €2,783 (-24.9%), from €11,184 to €8,401
- Financial charges -€1,190
down €1,190 (-32.6%), from €3,656 to €2,465
From the 2022 result to the 2023 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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,794 | €13,265 | -€33,528 | -71.7% |
| Fixed assets | 21/28 | €14,840 | €6,439 | -€8,401 | -56.6% |
| Tangible fixed assets | 22/27 | €14,840 | €6,439 | -€8,401 | -56.6% |
| Plant, machinery and equipment | 23 | €14,149 | €6,177 | -€7,971 | -56.3% |
| Furniture and vehicles | 24 | €369 | €262 | -€107 | -29.1% |
| Leasing and similar rights | 25 | €322 | €0 | -€322 | -100.0% |
| Current assets | 29/58 | €31,953 | €6,826 | -€25,127 | -78.6% |
| Amounts receivable within one year | 40/41 | €31,107 | €1,451 | -€29,656 | -95.3% |
| Trade receivables | 40 | €31,099 | €1,438 | -€29,661 | -95.4% |
| Other amounts receivable | 41 | €9 | €13 | +€4 | +49.0% |
| Deferred charges and accrued income | 490/1 | €846 | €5,375 | +€4,529 | +535.3% |
| Total equity and liabilities | 10/49 | €46,794 | €13,265 | -€33,528 | -71.7% |
| Equity | 10/15 | -€27,679 | -€34,069 | -€6,389 | -23.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,979 | -€40,369 | -€6,389 | -18.8% |
| Amounts payable | 17/49 | €74,473 | €47,334 | -€27,139 | -36.4% |
| Amounts payable after more than one year | 17 | €2,159 | €0 | -€2,159 | -100.0% |
| Financial debts | 170/4 | €2,159 | €0 | -€2,159 | -100.0% |
| Amounts payable within one year | 42/48 | €72,119 | €47,334 | -€24,785 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €8,253 | €4,563 | -€3,691 | -44.7% |
| Financial debts | 43 | €7 | €2,147 | +€2,140 | +31467.9% |
| Credit institutions | 430/8 | €7 | €2,147 | +€2,140 | +31467.9% |
| Trade debts | 44 | €17,039 | €316 | -€16,723 | -98.1% |
| Suppliers | 440/4 | €17,039 | €316 | -€16,723 | -98.1% |
| Taxes, remuneration and social security | 45 | €17,519 | €4,922 | -€12,597 | -71.9% |
| Taxes | 450/3 | €14,319 | €4,922 | -€9,397 | -65.6% |
| Remuneration and social security | 454/9 | €3,200 | €0 | -€3,200 | -100.0% |
| Other amounts payable | 47/48 | €29,301 | €35,386 | +€6,086 | +20.8% |
| Accrued charges and deferred income | 492/3 | €195 | €0 | -€195 | -100.0% |
| Turnover | 70 | - | €74,526 | +€74,526 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €72,799 | +€72,799 | |
| Remuneration, social security and pensions | 62 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,184 | €8,401 | -€2,783 | -24.9% |
| Other operating charges | 640/8 | €1,094 | €1,089 | -€5 | -0.5% |
| Gross operating margin | 9900 | €15,183 | €5,500 | -€9,683 | -63.8% |
| Operating profit (loss) | 9901 | €2,904 | -€4,034 | -€6,938 | |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €3,656 | €2,465 | -€1,190 | -32.6% |
| Recurring financial charges | 65 | €3,656 | €2,465 | -€1,190 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€752 | -€6,389 | -€5,637 | -749.9% |
| Income taxes | 67/77 | €239 | - | -€239 | |
| Profit (loss) for the period | 9904 | -€991 | -€6,389 | -€5,398 | -544.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€991 | -€6,389 | -€5,398 | -544.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.