FONDYTEST: 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.
FONDYTEST
Largest movements
- Cash -€147,604
down €147,604 (-81.2%), from €181,729 to €34,124
mainly Receivables within one year (-€140,592) and Accrued charges and deferred income (-€65,723)
- Receivables within one year +€140,592
up €140,592 (+340.3%), from €41,319 to €181,911
of which Trade receivables: +€138,353
- Tangible fixed assets +€3,670
up €3,670 (+7.2%), from €50,861 to €54,531
of which Plant, machinery and equipment: +€6,605
- Trade debts +€72,560
up €72,560 (+45.0%), from €161,389 to €233,949
- Accrued charges and deferred income -€65,723
down €65,723 (-97.6%), from €67,308 to €1,586
- Other debts -€4,884
down €4,884 (-100.0%), from €4,884 to €0
- Current portion of long-term debt -€4,184
down €4,184 (-76.3%), from €5,487 to €1,303
- Gross operating margin -€11,547
down €11,547 (-35.2%), from €32,822 to €21,275
- Taxes -€2,910
down €2,910 (-78.4%), from €3,714 to €804
- Depreciation -€1,727
down €1,727 (-7.6%), from €22,793 to €21,067
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 | €279,283 | €274,424 | -€4,858 | -1.7% |
| Fixed assets | 21/28 | €51,061 | €54,731 | +€3,670 | +7.2% |
| Tangible fixed assets | 22/27 | €50,861 | €54,531 | +€3,670 | +7.2% |
| Plant, machinery and equipment | 23 | €41,260 | €47,865 | +€6,605 | +16.0% |
| Furniture and vehicles | 24 | €9,601 | €6,667 | -€2,935 | -30.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €228,222 | €219,693 | -€8,528 | -3.7% |
| Amounts receivable within one year | 40/41 | €41,319 | €181,911 | +€140,592 | +340.3% |
| Trade receivables | 40 | €26,933 | €165,286 | +€138,353 | +513.7% |
| Other amounts receivable | 41 | €14,385 | €16,625 | +€2,239 | +15.6% |
| Cash at bank and in hand | 54/58 | €181,729 | €34,124 | -€147,604 | -81.2% |
| Deferred charges and accrued income | 490/1 | €5,175 | €3,658 | -€1,517 | -29.3% |
| Total equity and liabilities | 10/49 | €279,283 | €274,424 | -€4,858 | -1.7% |
| Equity | 10/15 | €38,911 | €37,587 | -€1,324 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,851 | €29,527 | -€1,324 | -4.3% |
| Amounts payable | 17/49 | €240,372 | €236,838 | -€3,534 | -1.5% |
| Amounts payable after more than one year | 17 | €1,303 | €0 | -€1,303 | -100.0% |
| Financial debts | 170/4 | €1,303 | €0 | -€1,303 | -100.0% |
| Amounts payable within one year | 42/48 | €171,760 | €235,252 | +€63,492 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €5,487 | €1,303 | -€4,184 | -76.3% |
| Trade debts | 44 | €161,389 | €233,949 | +€72,560 | +45.0% |
| Suppliers | 440/4 | €161,389 | €233,949 | +€72,560 | +45.0% |
| Other amounts payable | 47/48 | €4,884 | €0 | -€4,884 | -100.0% |
| Accrued charges and deferred income | 492/3 | €67,308 | €1,586 | -€65,723 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,793 | €21,067 | -€1,727 | -7.6% |
| Other operating charges | 640/8 | €971 | €648 | -€323 | -33.3% |
| Gross operating margin | 9900 | €32,822 | €21,275 | -€11,547 | -35.2% |
| Operating profit (loss) | 9901 | €9,057 | -€440 | -€9,497 | |
| Financial income | 75/76B | €394 | €153 | -€240 | -61.1% |
| Recurring financial income | 75 | €394 | €153 | -€240 | -61.1% |
| Financial charges | 65/66B | €514 | €234 | -€281 | -54.6% |
| Recurring financial charges | 65 | €514 | €234 | -€281 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €8,937 | -€520 | -€9,457 | |
| Income taxes | 67/77 | €3,714 | €804 | -€2,910 | -78.4% |
| Profit (loss) for the period | 9904 | €5,223 | -€1,324 | -€6,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,223 | -€1,324 | -€6,547 |
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.