FNAFF: 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.
FNAFF
Largest movements
- Current investments +€39,800
up €39,800 (+108%), from €36,687 to €76,487
- Cash -€26,262
down €26,262 (-78.4%), from €33,480 to €7,218
mainly Investment in fixed assets (net) (-€68,460) and Trade debts (-€59,052)
- Receivables within one year -€12,250
down €12,250 (-21.0%), from €58,356 to €46,106
of which Trade receivables: -€31,059
- Tangible fixed assets +€5,162
up €5,162 (+1.7%), from €304,021 to €309,183
of which Furniture and vehicles: +€29,392
- Trade debts -€59,052
down €59,052 (-93.1%), from €63,430 to €4,378
- Debts after one year +€21,405
new in 2025: €21,405
- Current portion of long-term debt +€18,924
new in 2025: €18,924
- Other debts +€12,038
up €12,038 (+6.8%), from €175,744 to €187,782
- Tax, wage and social debts +€8,808
up €8,808 (+169%), from €5,216 to €14,024
- Depreciation +€14,516
up €14,516 (+29.8%), from €48,782 to €63,298
- Gross operating margin -€4,835
down €4,835 (-5.0%), from €97,360 to €92,525
- Taxes -€4,785
down €4,785 (-50.1%), from €9,552 to €4,768
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 | €437,149 | €446,508 | +€9,358 | +2.1% |
| Fixed assets | 21/28 | €304,021 | €309,183 | +€5,162 | +1.7% |
| Tangible fixed assets | 22/27 | €304,021 | €309,183 | +€5,162 | +1.7% |
| Land and buildings | 22 | €228,078 | €209,933 | -€18,145 | -8.0% |
| Plant, machinery and equipment | 23 | €14,905 | €8,821 | -€6,085 | -40.8% |
| Furniture and vehicles | 24 | €61,037 | €90,429 | +€29,392 | +48.2% |
| Current assets | 29/58 | €133,129 | €137,325 | +€4,196 | +3.2% |
| Stocks and contracts in progress | 3 | €1,119 | €827 | -€293 | -26.1% |
| Stocks | 30/36 | €1,119 | €827 | -€293 | -26.1% |
| Amounts receivable within one year | 40/41 | €58,356 | €46,106 | -€12,250 | -21.0% |
| Trade receivables | 40 | €57,155 | €26,096 | -€31,059 | -54.3% |
| Other amounts receivable | 41 | €1,201 | €20,010 | +€18,809 | +1,566% |
| Current investments | 50/53 | €36,687 | €76,487 | +€39,800 | +108% |
| Cash at bank and in hand | 54/58 | €33,480 | €7,218 | -€26,262 | -78.4% |
| Deferred charges and accrued income | 490/1 | €3,486 | €6,686 | +€3,200 | +91.8% |
| Total equity and liabilities | 10/49 | €437,149 | €446,508 | +€9,358 | +2.1% |
| Equity | 10/15 | €192,759 | €199,995 | +€7,236 | +3.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €82,500 | €89,500 | +€7,000 | +8.5% |
| Distributable reserves | 133 | €82,500 | €89,500 | +€7,000 | +8.5% |
| Profit (loss) carried forward | 14 | -€9,741 | -€9,505 | +€236 | +2.4% |
| Amounts payable | 17/49 | €244,390 | €246,513 | +€2,123 | +0.9% |
| Amounts payable after more than one year | 17 | - | €21,405 | +€21,405 | |
| Financial debts | 170/4 | - | €21,405 | +€21,405 | |
| Amounts payable within one year | 42/48 | €244,390 | €225,108 | -€19,282 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €18,924 | +€18,924 | |
| Trade debts | 44 | €63,430 | €4,378 | -€59,052 | -93.1% |
| Suppliers | 440/4 | €63,430 | €4,378 | -€59,052 | -93.1% |
| Taxes, remuneration and social security | 45 | €5,216 | €14,024 | +€8,808 | +169% |
| Taxes | 450/3 | €5,216 | €14,024 | +€8,808 | +169% |
| Other amounts payable | 47/48 | €175,744 | €187,782 | +€12,038 | +6.8% |
| Non-recurring operating income | 76A | - | €16,500 | +€16,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,782 | €63,298 | +€14,516 | +29.8% |
| Other operating charges | 640/8 | €2,352 | €1,732 | -€620 | -26.4% |
| Gross operating margin | 9900 | €97,360 | €92,525 | -€4,835 | -5.0% |
| Operating profit (loss) | 9901 | €46,225 | €27,494 | -€18,731 | -40.5% |
| Financial income | 75/76B | €80 | €168 | +€88 | +111% |
| Recurring financial income | 75 | €80 | €168 | +€88 | +111% |
| Financial charges | 65/66B | €16,601 | €15,659 | -€943 | -5.7% |
| Recurring financial charges | 65 | €16,601 | €15,659 | -€943 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €29,704 | €12,003 | -€17,700 | -59.6% |
| Income taxes | 67/77 | €9,552 | €4,768 | -€4,785 | -50.1% |
| Profit (loss) for the period | 9904 | €20,151 | €7,236 | -€12,916 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,151 | €7,236 | -€12,916 | -64.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.