Le Fan: 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.
Le Fan
Largest movements
- Tangible fixed assets +€5,315
up €5,315 (+51.4%), from €10,340 to €15,655
of which Plant, machinery and equipment: +€2,783
- Cash +€4,735
up €4,735 (+45.6%), from €10,389 to €15,124
mainly Net result for the year (+€11,692) and Trade debts (+€2,133)
- Receivables within one year +€4,574
up €4,574 (+311%), from €1,469 to €6,043
of which Trade receivables: +€2,925
- Stocks and contracts +€2,499
up €2,499 (+332%), from €752 to €3,252
- Profit (loss) carried forward +€11,692
up €11,692, from -€4,305 to €7,387
- Trade debts +€2,133
up €2,133 (+219%), from €974 to €3,107
- Accrued charges and deferred income +€1,306
new in 2025: €1,306
- Tax, wage and social debts +€995
up €995 (+94.0%), from €1,058 to €2,053
- Other debts +€805
up €805 (+880%), from €91 to €896
- Gross operating margin +€19,795
up €19,795, from -€3,131 to €16,664
- Taxes +€2,053
new in 2025: €2,053
- Depreciation +€1,098
up €1,098 (+123%), from €889 to €1,987
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 | €29,019 | €45,950 | +€16,931 | +58.3% |
| Formation expenses | 20 | €926 | €711 | -€216 | -23.3% |
| Fixed assets | 21/28 | €14,748 | €20,063 | +€5,315 | +36.0% |
| Tangible fixed assets | 22/27 | €10,340 | €15,655 | +€5,315 | +51.4% |
| Plant, machinery and equipment | 23 | €6,317 | €9,101 | +€2,783 | +44.1% |
| Furniture and vehicles | 24 | €4,023 | €6,555 | +€2,532 | +62.9% |
| Financial fixed assets | 28 | €4,408 | €4,408 | = | 0.0% |
| Current assets | 29/58 | €13,345 | €25,176 | +€11,831 | +88.7% |
| Stocks and contracts in progress | 3 | €752 | €3,252 | +€2,499 | +332% |
| Stocks | 30/36 | €752 | €3,252 | +€2,499 | +332% |
| Amounts receivable within one year | 40/41 | €1,469 | €6,043 | +€4,574 | +311% |
| Trade receivables | 40 | €1,387 | €4,313 | +€2,925 | +211% |
| Other amounts receivable | 41 | €82 | €1,731 | +€1,649 | +2,018% |
| Cash at bank and in hand | 54/58 | €10,389 | €15,124 | +€4,735 | +45.6% |
| Deferred charges and accrued income | 490/1 | €735 | €757 | +€22 | +3.0% |
| Total equity and liabilities | 10/49 | €29,019 | €45,950 | +€16,931 | +58.3% |
| Equity | 10/15 | €1,895 | €13,587 | +€11,692 | +617% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,305 | €7,387 | +€11,692 | |
| Amounts payable | 17/49 | €27,124 | €32,363 | +€5,239 | +19.3% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,124 | €6,057 | +€3,933 | +185% |
| Trade debts | 44 | €974 | €3,107 | +€2,133 | +219% |
| Suppliers | 440/4 | €974 | €3,107 | +€2,133 | +219% |
| Taxes, remuneration and social security | 45 | €1,058 | €2,053 | +€995 | +94.0% |
| Taxes | 450/3 | €1,058 | €2,053 | +€995 | +94.0% |
| Other amounts payable | 47/48 | €91 | €896 | +€805 | +880% |
| Accrued charges and deferred income | 492/3 | - | €1,306 | +€1,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €889 | €1,987 | +€1,098 | +123% |
| Non-recurring operating charges | 66A | €200 | €911 | +€711 | +355% |
| Gross operating margin | 9900 | -€3,131 | €16,664 | +€19,795 | |
| Operating profit (loss) | 9901 | -€4,220 | €13,767 | +€17,987 | |
| Financial income | 75/76B | €40 | €97 | +€57 | +143% |
| Recurring financial income | 75 | €40 | €97 | +€57 | +143% |
| Financial charges | 65/66B | €125 | €119 | -€6 | -5.0% |
| Recurring financial charges | 65 | €125 | €119 | -€6 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,305 | €13,745 | +€18,050 | |
| Income taxes | 67/77 | - | €2,053 | +€2,053 | |
| Profit (loss) for the period | 9904 | -€4,305 | €11,692 | +€15,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,305 | €11,692 | +€15,997 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.