LE FAUVE: 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 FAUVE
Largest movements
- Deferred charges and accrued income +€80,000
up €80,000, from €0 to €80,000
- Cash -€68,630
down €68,630 (-54.0%), from €127,044 to €58,414
mainly Deferred charges and accrued income (-€80,000) and Contributions, distributions and other (-€62,908)
- Receivables within one year +€5,066
up €5,066 (+877%), from €578 to €5,644
of which Trade receivables: +€5,300
- Tangible fixed assets -€3,274
down €3,274 (-96.5%), from €3,393 to €120
- Reserves +€17,067
up €17,067 (+17.8%), from €95,884 to €112,951
- Trade debts -€7,544
down €7,544 (-95.1%), from €7,932 to €389
- Tax, wage and social debts +€3,639
up €3,639 (+344%), from €1,059 to €4,698
- Financial income +€80,000
new in 2025: €80,000
- Gross operating margin -€12,727
down €12,727 (-49.8%), from €25,580 to €12,853
- Taxes +€3,629
up €3,629 (+60.1%), from €6,043 to €9,673
- Depreciation -€930
down €930 (-31.0%), from €3,004 to €2,074
- Other operating charges -€281
down €281 (-23.8%), from €1,183 to €901
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 | €133,015 | €146,177 | +€13,162 | +9.9% |
| Fixed assets | 21/28 | €5,393 | €2,120 | -€3,274 | -60.7% |
| Tangible fixed assets | 22/27 | €3,393 | €120 | -€3,274 | -96.5% |
| Furniture and vehicles | 24 | €3,393 | €120 | -€3,274 | -96.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €127,621 | €144,058 | +€16,436 | +12.9% |
| Amounts receivable within one year | 40/41 | €578 | €5,644 | +€5,066 | +877% |
| Trade receivables | 40 | - | €5,300 | +€5,300 | |
| Other amounts receivable | 41 | €578 | €344 | -€234 | -40.5% |
| Cash at bank and in hand | 54/58 | €127,044 | €58,414 | -€68,630 | -54.0% |
| Deferred charges and accrued income | 490/1 | €0 | €80,000 | +€80,000 | |
| Total equity and liabilities | 10/49 | €133,015 | €146,177 | +€13,162 | +9.9% |
| Equity | 10/15 | €124,024 | €141,091 | +€17,067 | +13.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €95,884 | €112,951 | +€17,067 | +17.8% |
| Distributable reserves | 133 | €95,884 | €112,951 | +€17,067 | +17.8% |
| Profit (loss) carried forward | 14 | €8,140 | €8,140 | = | 0.0% |
| Amounts payable | 17/49 | €8,991 | €5,086 | -€3,905 | -43.4% |
| Amounts payable within one year | 42/48 | €8,991 | €5,086 | -€3,905 | -43.4% |
| Trade debts | 44 | €7,932 | €389 | -€7,544 | -95.1% |
| Suppliers | 440/4 | €7,932 | €389 | -€7,544 | -95.1% |
| Taxes, remuneration and social security | 45 | €1,059 | €4,698 | +€3,639 | +344% |
| Taxes | 450/3 | €1,059 | €4,698 | +€3,639 | +344% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,004 | €2,074 | -€930 | -31.0% |
| Other operating charges | 640/8 | €1,183 | €901 | -€281 | -23.8% |
| Gross operating margin | 9900 | €25,580 | €12,853 | -€12,727 | -49.8% |
| Operating profit (loss) | 9901 | €21,393 | €9,878 | -€11,515 | -53.8% |
| Financial income | 75/76B | - | €80,000 | +€80,000 | |
| Recurring financial income | 75 | - | €80,000 | +€80,000 | |
| Financial charges | 65/66B | €263 | €230 | -€33 | -12.4% |
| Recurring financial charges | 65 | €263 | €230 | -€33 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €21,130 | €89,648 | +€68,518 | +324% |
| Income taxes | 67/77 | €6,043 | €9,673 | +€3,629 | +60.1% |
| Profit (loss) for the period | 9904 | €15,087 | €79,975 | +€64,888 | +430% |
| Profit (loss) for the period to be appropriated | 9905 | €15,087 | €79,975 | +€64,888 | +430% |
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 1 November 2026 via checked.be.