LA FANCHETTE: what changed
What changed
LA FANCHETTE
NACE 64.210, Activities of holding companies
not consecutivefiled annual accounts (NBB)
Net result for the year
€12,398
2023 · €602+€11,796
Equity
€1.4m
2023 · €1.3m+€12,398
Cash
€28,725
2023 · €307,246-€278,521
Balance sheet total
€2.9m
2023 · €3.2m-€346,972
Largest movements
Assets
- Cash -€278,521
down €278,521 (-90.7%), from €307,246 to €28,725
- Tangible fixed assets -€88,152
down €88,152 (-3.5%), from €2.5m to €2.5m
of which Land and buildings: -€81,390
Equity and liabilities
- Debts after one year -€362,438
down €362,438 (-21.6%), from €1.7m to €1.3m
of which Financial debts: -€362,438
- Accrued charges and deferred income +€35,860
up €35,860 (+64.3%), from €55,740 to €91,600
Income statement
- Gross operating margin +€52,281
up €52,281 (+23.1%), from €226,067 to €278,348
- Financial charges +€35,170
up €35,170 (+34.2%), from €102,917 to €138,087
- Depreciation -€14,284
down €14,284 (-11.9%), from €120,046 to €105,762
- Other operating charges +€9,994
up €9,994 (+135%), from €7,378 to €17,373
- Taxes +€5,627
up €5,627 (+266%), from €2,116 to €7,744
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€602
Gross operating margin
+€52,281
Depreciation
+€14,284
Other operating charges
-€9,994
Financial income
-€5,045
Financial charges
-€35,170
Taxes
-€5,627
Deferred taxes and other
+€1,068
Result 2025
€12,398
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,246,945 | €2,899,973 | -€346,972 | -10.7% |
| Fixed assets | 21/28 | €2,917,708 | €2,829,556 | -€88,152 | -3.0% |
| Tangible fixed assets | 22/27 | €2,542,361 | €2,454,209 | -€88,152 | -3.5% |
| Land and buildings | 22 | €1,754,270 | €1,672,880 | -€81,390 | -4.6% |
| Plant, machinery and equipment | 23 | €785,750 | €779,791 | -€5,959 | -0.8% |
| Furniture and vehicles | 24 | €2,342 | €1,538 | -€804 | -34.3% |
| Financial fixed assets | 28 | €375,347 | €375,347 | = | 0.0% |
| Current assets | 29/58 | €329,237 | €70,417 | -€258,819 | -78.6% |
| Amounts receivable within one year | 40/41 | €21,990 | €41,203 | +€19,213 | +87.4% |
| Trade receivables | 40 | €3,600 | €28,692 | +€25,092 | +697% |
| Other amounts receivable | 41 | €18,390 | €12,510 | -€5,880 | -32.0% |
| Cash at bank and in hand | 54/58 | €307,246 | €28,725 | -€278,521 | -90.7% |
| Deferred charges and accrued income | 490/1 | - | €490 | +€490 | |
| Total equity and liabilities | 10/49 | €3,246,945 | €2,899,973 | -€346,972 | -10.7% |
| Equity | 10/15 | €1,347,013 | €1,359,411 | +€12,398 | +0.9% |
| Contributions | 10/11 | €942,000 | €942,000 | = | 0.0% |
| Capital | 10 | €942,000 | €942,000 | = | 0.0% |
| Issued capital | 100 | €942,000 | €942,000 | = | 0.0% |
| Reserves | 13 | €405,013 | €417,411 | +€12,398 | +3.1% |
| Non-distributable reserves | 130/1 | €34,420 | €35,420 | +€1,000 | +2.9% |
| Legal reserve | 130 | €34,420 | €35,420 | +€1,000 | +2.9% |
| Tax-exempt reserves | 132 | €154,402 | €147,103 | -€7,299 | -4.7% |
| Distributable reserves | 133 | €216,192 | €234,889 | +€18,697 | +8.6% |
| Provisions and deferred taxes | 16 | €51,467 | €49,034 | -€2,433 | -4.7% |
| Deferred taxes | 168 | €51,467 | €49,034 | -€2,433 | -4.7% |
| Amounts payable | 17/49 | €1,848,464 | €1,491,528 | -€356,937 | -19.3% |
| Amounts payable after more than one year | 17 | €1,680,336 | €1,317,898 | -€362,438 | -21.6% |
| Financial debts | 170/4 | €1,679,783 | €1,317,345 | -€362,438 | -21.6% |
| Other amounts payable | 178/9 | €553 | €553 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,388 | €82,030 | -€30,358 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €79,143 | €62,256 | -€16,887 | -21.3% |
| Trade debts | 44 | €18,366 | €12,045 | -€6,321 | -34.4% |
| Suppliers | 440/4 | €18,366 | €12,045 | -€6,321 | -34.4% |
| Taxes, remuneration and social security | 45 | €7,729 | €7,729 | = | 0.0% |
| Taxes | 450/3 | €3,209 | €3,209 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,520 | €4,520 | = | 0.0% |
| Other amounts payable | 47/48 | €7,150 | - | -€7,150 | |
| Accrued charges and deferred income | 492/3 | €55,740 | €91,600 | +€35,860 | +64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,046 | €105,762 | -€14,284 | -11.9% |
| Other operating charges | 640/8 | €7,378 | €17,373 | +€9,994 | +135% |
| Gross operating margin | 9900 | €226,067 | €278,348 | +€52,281 | +23.1% |
| Operating profit (loss) | 9901 | €98,642 | €155,213 | +€56,571 | +57.3% |
| Financial income | 75/76B | €5,628 | €583 | -€5,045 | -89.6% |
| Recurring financial income | 75 | €5,628 | €583 | -€5,045 | -89.6% |
| Financial charges | 65/66B | €102,917 | €138,087 | +€35,170 | +34.2% |
| Recurring financial charges | 65 | €102,917 | €138,087 | +€35,170 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €1,353 | €17,709 | +€16,356 | +1,209% |
| Transfer from deferred taxes | 780 | €1,365 | €2,433 | +€1,068 | +78.2% |
| Income taxes | 67/77 | €2,116 | €7,744 | +€5,627 | +266% |
| Profit (loss) for the period | 9904 | €602 | €12,398 | +€11,796 | +1,958% |
| Transfer from tax-exempt reserves | 789 | €4,096 | €7,299 | +€3,203 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,699 | €19,697 | +€14,999 | +319% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.