FION: 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.
FION
Largest movements
- Cash -€292,405
down €292,405 (-79.8%), from €366,266 to €73,861
mainly Debts after one year (-€390,086) and Other debts (-€56,388)
- Stocks and contracts -€85,815
down €85,815 (-92.8%), from €92,431 to €6,616
- Receivables within one year -€83,481
down €83,481 (-44.6%), from €187,198 to €103,717
of which Trade receivables: -€55,354
- Deferred charges and accrued income +€48,585
up €48,585 (+1796.4%), from €2,705 to €51,289
- Tangible fixed assets -€33,765
down €33,765 (-6.4%), from €523,728 to €489,963
of which Land and buildings: -€21,195
- Debts after one year -€390,086
down €390,086 (-96.9%), from €402,482 to €12,396
- Other debts -€56,388
down €56,388 (-100.0%), from €56,388 to €0
- Accrued charges and deferred income -€37,169
down €37,169 (-92.5%), from €40,196 to €3,027
- Reserves +€34,654
up €34,654 (+6.3%), from €554,358 to €589,013
of which Distributable reserves: +€112,854
- Short-term financial debts -€12,500
down €12,500 (-100.0%), from €12,500 to €0
- Financial charges -€41,672
down €41,672 (-90.9%), from €45,868 to €4,196
- Gross operating margin -€10,882
down €10,882 (-7.0%), from €155,186 to €144,304
- Write-downs +€8,191
new in 2025: €8,191
- Taxes +€5,165
up €5,165 (+46.7%), from €11,050 to €16,216
- Financial income -€3,805
down €3,805 (-98.4%), from €3,867 to €62
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.
Cash bridge derived
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 | €1,172,329 | €725,447 | -€446,882 | -38.1% |
| Fixed assets | 21/28 | €523,728 | €489,963 | -€33,765 | -6.4% |
| Tangible fixed assets | 22/27 | €523,728 | €489,963 | -€33,765 | -6.4% |
| Land and buildings | 22 | €408,651 | €387,457 | -€21,195 | -5.2% |
| Plant, machinery and equipment | 23 | €2,930 | €8,256 | +€5,326 | +181.8% |
| Furniture and vehicles | 24 | €92,167 | €74,270 | -€17,897 | -19.4% |
| Other tangible fixed assets | 26 | €19,980 | €19,980 | = | 0.0% |
| Current assets | 29/58 | €648,600 | €235,483 | -€413,117 | -63.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €92,431 | €6,616 | -€85,815 | -92.8% |
| Stocks | 30/36 | €92,431 | €6,616 | -€85,815 | -92.8% |
| Amounts receivable within one year | 40/41 | €187,198 | €103,717 | -€83,481 | -44.6% |
| Trade receivables | 40 | €146,806 | €91,452 | -€55,354 | -37.7% |
| Other amounts receivable | 41 | €40,392 | €12,264 | -€28,128 | -69.6% |
| Cash at bank and in hand | 54/58 | €366,266 | €73,861 | -€292,405 | -79.8% |
| Deferred charges and accrued income | 490/1 | €2,705 | €51,289 | +€48,585 | +1796.4% |
| Total equity and liabilities | 10/49 | €1,172,329 | €725,447 | -€446,882 | -38.1% |
| Equity | 10/15 | €616,358 | €651,013 | +€34,654 | +5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €0 | -€62,000 | -100.0% |
| Issued capital | 100 | €62,000 | €0 | -€62,000 | -100.0% |
| Outside capital | 11 | - | €62,000 | +€62,000 | |
| Other | 1109/19 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €554,358 | €589,013 | +€34,654 | +6.3% |
| Non-distributable reserves | 130/1 | €78,200 | €0 | -€78,200 | -100.0% |
| Legal reserve | 130 | €78,200 | €0 | -€78,200 | -100.0% |
| Distributable reserves | 133 | €476,158 | €589,013 | +€112,854 | +23.7% |
| Amounts payable | 17/49 | €555,970 | €74,434 | -€481,536 | -86.6% |
| Amounts payable after more than one year | 17 | €402,482 | €12,396 | -€390,086 | -96.9% |
| Financial debts | 170/4 | €402,482 | €12,396 | -€390,086 | -96.9% |
| Amounts payable within one year | 42/48 | €113,292 | €59,011 | -€54,281 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €12,500 | €0 | -€12,500 | -100.0% |
| Credit institutions | 430/8 | €12,500 | €0 | -€12,500 | -100.0% |
| Trade debts | 44 | €29,975 | €36,438 | +€6,463 | +21.6% |
| Suppliers | 440/4 | €29,975 | €36,438 | +€6,463 | +21.6% |
| Taxes, remuneration and social security | 45 | €14,430 | €22,573 | +€8,143 | +56.4% |
| Taxes | 450/3 | €14,430 | €22,573 | +€8,143 | +56.4% |
| Other amounts payable | 47/48 | €56,388 | €0 | -€56,388 | -100.0% |
| Accrued charges and deferred income | 492/3 | €40,196 | €3,027 | -€37,169 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,818 | €53,483 | +€665 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,191 | +€8,191 | |
| Other operating charges | 640/8 | €25,637 | €27,626 | +€1,989 | +7.8% |
| Gross operating margin | 9900 | €155,186 | €144,304 | -€10,882 | -7.0% |
| Operating profit (loss) | 9901 | €76,730 | €55,004 | -€21,727 | -28.3% |
| Financial income | 75/76B | €3,867 | €62 | -€3,805 | -98.4% |
| Recurring financial income | 75 | €3,867 | €62 | -€3,805 | -98.4% |
| Financial charges | 65/66B | €45,868 | €4,196 | -€41,672 | -90.9% |
| Recurring financial charges | 65 | €45,868 | €4,196 | -€41,672 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €34,729 | €50,870 | +€16,141 | +46.5% |
| Income taxes | 67/77 | €11,050 | €16,216 | +€5,165 | +46.7% |
| Profit (loss) for the period | 9904 | €23,679 | €34,654 | +€10,975 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,679 | €34,654 | +€10,975 | +46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.