PRECITOOL - FENWICK: 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.
PRECITOOL - FENWICK
Largest movements
- Receivables within one year -€510,544
down €510,544 (-66.5%), from €767,606 to €257,061
of which Trade receivables: -€407,506
- Cash +€253,965
up €253,965 (+27.7%), from €916,071 to €1.2m
mainly Receivables within one year (+€510,544) and Net result for the year (+€218,103)
- Accrued charges and deferred income -€200,884
down €200,884 (-79.5%), from €252,676 to €51,792
- Other debts -€106,528
down €106,528 (-35.2%), from €302,821 to €196,293
- Trade debts +€41,112
up €41,112 (+55.0%), from €74,765 to €115,877
- Gross operating margin -€251,493
down €251,493 (-28.2%), from €891,108 to €639,615
- Staff costs -€126,877
down €126,877 (-28.6%), from €442,897 to €316,020
- Financial charges -€61,315
down €61,315 (-47.7%), from €128,665 to €67,350
- Write-downs -€10,545
down €10,545 (-73.9%), from €14,264 to €3,719
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 | €2,457,238 | €2,194,423 | -€262,814 | -10.7% |
| Fixed assets | 21/28 | €36,753 | €31,937 | -€4,816 | -13.1% |
| Tangible fixed assets | 22/27 | €8,309 | €3,493 | -€4,816 | -58.0% |
| Furniture and vehicles | 24 | €8,309 | €3,493 | -€4,816 | -58.0% |
| Financial fixed assets | 28 | €28,444 | €28,444 | = | 0.0% |
| Current assets | 29/58 | €2,420,485 | €2,162,486 | -€257,999 | -10.7% |
| Stocks and contracts in progress | 3 | €217,021 | €199,844 | -€17,177 | -7.9% |
| Stocks | 30/36 | €217,021 | €199,844 | -€17,177 | -7.9% |
| Amounts receivable within one year | 40/41 | €767,606 | €257,061 | -€510,544 | -66.5% |
| Trade receivables | 40 | €642,755 | €235,249 | -€407,506 | -63.4% |
| Other amounts receivable | 41 | €124,851 | €21,813 | -€103,038 | -82.5% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €916,071 | €1,170,036 | +€253,965 | +27.7% |
| Deferred charges and accrued income | 490/1 | €19,787 | €35,545 | +€15,758 | +79.6% |
| Total equity and liabilities | 10/49 | €2,457,238 | €2,194,423 | -€262,814 | -10.7% |
| Equity | 10/15 | €1,681,382 | €1,695,042 | +€13,660 | +0.8% |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Capital | 10 | €1,400,000 | €1,400,000 | = | 0.0% |
| Issued capital | 100 | €1,400,000 | €1,400,000 | = | 0.0% |
| Reserves | 13 | €140,000 | €140,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140,000 | €140,000 | = | 0.0% |
| Legal reserve | 130 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,382 | €155,042 | +€13,660 | +9.7% |
| Amounts payable | 17/49 | €775,856 | €499,381 | -€276,475 | -35.6% |
| Amounts payable within one year | 42/48 | €523,180 | €447,590 | -€75,590 | -14.4% |
| Trade debts | 44 | €74,765 | €115,877 | +€41,112 | +55.0% |
| Suppliers | 440/4 | €74,765 | €115,877 | +€41,112 | +55.0% |
| Taxes, remuneration and social security | 45 | €145,594 | €135,420 | -€10,174 | -7.0% |
| Taxes | 450/3 | €23,000 | €35,086 | +€12,086 | +52.5% |
| Remuneration and social security | 454/9 | €122,594 | €100,334 | -€22,260 | -18.2% |
| Other amounts payable | 47/48 | €302,821 | €196,293 | -€106,528 | -35.2% |
| Accrued charges and deferred income | 492/3 | €252,676 | €51,792 | -€200,884 | -79.5% |
| Non-recurring operating income | 76A | €1,709 | €6,154 | +€4,445 | +260% |
| Remuneration, social security and pensions | 62 | €442,897 | €316,020 | -€126,877 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,834 | €6,335 | +€2,500 | +65.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,264 | €3,719 | -€10,545 | -73.9% |
| Other operating charges | 640/8 | €1,991 | €1,955 | -€36 | -1.8% |
| Gross operating margin | 9900 | €891,108 | €639,615 | -€251,493 | -28.2% |
| Operating profit (loss) | 9901 | €428,121 | €311,586 | -€116,534 | -27.2% |
| Financial income | 75/76B | €27,277 | €31,322 | +€4,045 | +14.8% |
| Recurring financial income | 75 | €27,277 | €31,322 | +€4,045 | +14.8% |
| Financial charges | 65/66B | €128,665 | €67,350 | -€61,315 | -47.7% |
| Recurring financial charges | 65 | €128,665 | €67,350 | -€61,315 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €326,733 | €275,558 | -€51,174 | -15.7% |
| Income taxes | 67/77 | €65,400 | €57,455 | -€7,945 | -12.1% |
| Profit (loss) for the period | 9904 | €261,333 | €218,103 | -€43,229 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €261,333 | €218,103 | -€43,229 | -16.5% |
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 18 October 2026 via checked.be.