FIRST FRONT
Annual accounts 2025
abbreviated format, filed on 04-02-2026, 4 days late€564,257
▼ 13.3%
-€83,018
▼ €330,308
-€238,848
▼ €296,013
-€2.9m
▲ €153,108
53.2%
▲ 9.3 percentage points
0.08
▲ 0.01
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €630,000. Estimated: probably between €570,000 and €700,000.
Balance sheet
balance sheet total €10.7m on 30-06-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
53.2%
Higher than 68% of 11,299 companies in 2025.
0.08
Higher than 9% of 10,851 companies in 2025.
-2.2%
Higher than 23% of 11,184 companies in 2025.
FIRST FRONT
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
10.7m | 8.8m | 9.2m | 6.5m | 6.8m | 7.1m | 7.3m | 7.4m | 4.6m | 5.2m | 5.3m | 5.6m | 5.7m | 6.0m | 6.3m | 6.7m | 2.3m | 1.5m | 871,146 | |
21/28 |
10.5m | 8.6m | 8.9m | 5.7m | 6.0m | 5.8m | 6.0m | 6.4m | 3.1m | 4.8m | 5.1m | 5.2m | 5.4m | 5.6m | 5.8m | 4.9m | 2.2m | 1.4m | 610,526 | |
21 |
- | - | - | - | - | - | - | - | - | - | 763 | 1,526 | - | - | - | - | - | - | - | |
22/27 |
10.5m | 8.6m | 8.9m | 5.7m | 6.0m | 5.8m | 6.0m | 6.4m | 3.1m | 4.8m | 5.1m | 5.2m | 5.4m | 5.6m | 5.8m | 4.9m | 2.2m | 1.4m | 610,526 | |
22 |
10.5m | 8.6m | 8.9m | 5.7m | 6.0m | 5.8m | 6.0m | 6.4m | 3.1m | 4.8m | 5.1m | 5.2m | 5.4m | 5.6m | 5.8m | 4.9m | 2.2m | 1.4m | 610,526 | |
24 |
4,000 | 4,540 | 5,125 | 5,710 | 6,296 | 2,881 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
241,578 | 211,532 | 311,787 | 815,402 | 853,520 | 1.3m | 1.4m | 995,513 | 1.5m | 370,017 | 246,287 | 345,756 | 315,699 | 397,721 | 563,810 | 1.8m | 177,987 | 193,968 | 260,619 | |
29 |
- | - | - | - | - | - | - | 491,891 | 872,482 | 96,795 | 50,658 | 161,316 | 75,592 | 313,857 | 95,639 | 581,400 | - | - | - | |
291 |
- | - | - | - | - | - | - | 491,891 | 872,482 | 96,795 | 50,658 | 161,316 | 75,592 | 313,857 | 95,639 | 581,400 | - | - | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.1m | - | - | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.1m | - | - | - | |
40/41 |
216,153 | 211,368 | 276,398 | 338,958 | 117,089 | 927,069 | 304,828 | 230,802 | 184,241 | 224,815 | 146,839 | 111,156 | 23,053 | 37,525 | 197,743 | 103,149 | 134,816 | 150,800 | 166,404 | |
40 |
17,586 | 0 | 751 | 175 | 7,571 | 78,948 | 58,101 | 63,536 | 111,066 | 204,456 | 121,257 | 91,396 | 4,415 | 19,063 | 80,666 | 42,133 | - | 20,000 | - | |
41 |
198,566 | 211,368 | 275,647 | 338,783 | 109,518 | 848,121 | 246,727 | 167,266 | 73,175 | 20,358 | 25,582 | 19,760 | 18,638 | 18,462 | 117,077 | 61,016 | 134,816 | 130,800 | 166,404 | |
50/53 |
- | - | - | - | - | - | - | - | - | 45,745 | 45,707 | 45,550 | 45,545 | 45,265 | 44,914 | 44,776 | 43,000 | - | - | |
54/58 |
25,425 | 164 | 35,389 | 476,444 | 736,432 | 355,702 | 1.1m | 272,820 | 301,250 | 262 | 3,083 | 27,734 | 171,509 | 1,075 | 224,274 | 8,396 | 170 | 43,168 | 94,215 | |
490/1 |
- | - | - | - | - | - | - | - | 125,586 | 2,400 | - | - | - | - | 1,240 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
10.7m | 8.8m | 9.2m | 6.5m | 6.8m | 7.1m | 7.3m | 7.4m | 4.6m | 5.2m | 5.3m | 5.6m | 5.7m | 6.0m | 6.3m | 6.7m | 2.3m | 1.5m | 871,146 | |
10/15 |
5.7m | 3.9m | 3.8m | 4.2m | 4.3m | 4.2m | 4.2m | 3.8m | 2.7m | 2.6m | 2.5m | 2.6m | 2.7m | 2.7m | 2.8m | 2.9m | 1.2m | 252,823 | 295,428 | |
10/11 |
550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 250,000 | 250,000 | 250,000 | |
10 |
550,000 | 550,000 | 550,000 | 550,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 250,000 | 250,000 | 250,000 | |
101 |
250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | |
12 |
4.7m | 2.6m | 2.6m | 2.6m | 2.6m | 2.6m | 2.6m | 2.6m | 1.4m | 2.2m | 2.2m | 2.2m | 2.2m | 2.2m | 2.2m | 2.2m | 855,744 | - | - | |
13 |
871,201 | 933,645 | 996,089 | 1.1m | 1.1m | 1.3m | 1.4m | 1.1m | 1.2m | 121,101 | 127,611 | 131,951 | 136,292 | 140,632 | 144,972 | 149,312 | 111,791 | 25,000 | 25,000 | |
130/1 |
123,318 | 123,318 | 123,318 | 123,318 | 123,318 | 68,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | - | - | - | |
130 |
80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
1311 |
43,318 | 43,318 | 43,318 | 43,318 | 43,318 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | 43,318 | - | - | - | |
132 |
747,883 | 810,327 | 872,771 | 934,616 | 988,481 | 1.2m | 1.3m | 998,320 | 1.1m | 52,783 | 59,293 | 63,633 | 67,974 | 72,314 | 76,654 | 80,994 | 86,791 | - | - | |
14 |
-401,422 | -225,018 | -344,627 | -2,065 | 2,488 | -280,165 | -366,339 | -441,364 | -480,572 | -346,792 | -401,111 | -279,176 | -262,502 | -197,314 | -87,908 | -22,130 | 30,352 | -22,177 | 20,428 | |
16 |
375,324 | 405,640 | 435,956 | 466,021 | 493,512 | 619,431 | 640,695 | 514,077 | 573,288 | 27,199 | 30,551 | 32,786 | 35,021 | 37,256 | 39,491 | 41,726 | 44,710 | - | - | |
168 |
375,324 | 405,640 | 435,956 | 466,021 | 493,512 | 619,431 | 640,695 | 514,077 | 573,288 | 27,199 | 30,551 | 32,786 | 35,021 | 37,256 | 39,491 | 41,726 | 44,710 | - | - | |
17/49 |
4.7m | 4.5m | 5.0m | 1.8m | 2.1m | 2.3m | 2.6m | 3.1m | 1.4m | 2.6m | 2.8m | 2.9m | 3.0m | 3.2m | 3.4m | 3.7m | 1.1m | 1.3m | 575,718 | |
17 |
1.4m | 1.2m | 1.4m | 244,896 | 389,631 | 660,346 | 882,234 | 1.5m | 1.2m | 2.1m | 2.4m | 2.6m | 2.8m | 3.0m | 3.2m | 3.3m | 944,363 | 1.0m | 434,658 | |
170/4 |
1.4m | 1.2m | 1.3m | 240,846 | 385,581 | 656,296 | 878,184 | 1.5m | 1.2m | 2.1m | 2.4m | 2.6m | 2.8m | 3.0m | 3.1m | 3.3m | 944,363 | 1.0m | 434,658 | |
178/9 |
16,050 | 4,050 | 4,050 | 4,050 | 4,050 | 4,050 | 4,050 | 3,750 | 3,750 | 3,750 | - | - | - | - | 11,500 | 11,500 | - | - | - | |
42/48 |
3.2m | 3.3m | 3.6m | 1.6m | 1.6m | 1.6m | 1.7m | 1.7m | 181,983 | 482,741 | 357,588 | 309,107 | 243,436 | 242,257 | 286,639 | 419,419 | 107,806 | 253,637 | 141,060 | |
42 |
112,568 | 108,219 | 201,646 | 144,847 | 271,042 | 276,373 | 325,033 | 342,621 | 136,367 | 229,614 | 201,897 | 187,776 | 178,559 | 169,812 | 163,657 | 159,357 | - | - | - | |
43 |
2.8m | 3.1m | 3.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 13,566 | 92,199 | 12,244 | 25,584 | 13,899 | 17,256 | 11,863 | 12,400 | 24,043 | 47,084 | 44,604 | |
430/8 |
2.8m | 3.1m | 3.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 13,566 | 92,199 | 12,244 | 25,584 | 13,899 | 17,256 | 11,863 | 12,400 | 24,043 | 47,084 | 44,604 | |
44 |
126,806 | 97,576 | 77,367 | 99,733 | 3,374 | 21,248 | 4,734 | 3,887 | 16,347 | 143,678 | 143,447 | 95,747 | 45,978 | 54,748 | 110,699 | 44,357 | 83,675 | 17,336 | 22,880 | |
440/4 |
126,806 | 97,576 | 77,367 | 99,733 | 3,374 | 21,248 | 4,734 | 3,887 | 16,347 | 143,678 | 143,447 | 95,747 | 45,978 | 54,748 | 110,699 | 44,357 | 83,675 | 17,336 | 22,880 | |
45 |
0 | 50 | 3,465 | 0 | 14,930 | 3,491 | 12,719 | 3,353 | 3,353 | - | - | - | - | - | - | - | - | 4,286 | 19,720 | |
450/3 |
0 | 50 | 3,465 | 0 | 14,930 | 3,491 | 12,719 | 3,353 | 3,353 | - | - | - | - | - | - | - | - | 4,286 | 19,720 | |
47/48 |
102,300 | 27,651 | 9,851 | 10,549 | 22,300 | 40,818 | 7,512 | 14,028 | 12,350 | 17,250 | - | - | 5,000 | 441 | 420 | 203,305 | 88 | 184,930 | 53,857 | |
492/3 |
114,856 | 12,961 | 38,284 | 12,207 | 41,719 | - | 11,064 | - | - | 1,250 | - | - | - | - | 5,059 | 11,252 | - | - | - | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | 496,967 | - | 1.6m | - | 10,541 | - | 11,500 | 11,467 | - | 52,138 | 170,722 | - | 89,838 | |
9900 |
564,257 | 650,777 | 613,296 | 330,433 | 338,124 | 303,971 | 800,695 | 392,965 | 1.7m | 526,311 | 242,213 | 305,508 | 327,373 | 332,019 | 412,927 | 245,783 | 146,552 | 120,957 | 43,052 | |
630 |
526,960 | 342,866 | 850,471 | 327,438 | 237,201 | 195,831 | 190,098 | 460,190 | 119,376 | 264,437 | 177,699 | 177,699 | 176,936 | 176,936 | 236,413 | 177,320 | 59,492 | 100,345 | 30,320 | |
631/4 |
0 | -420 | -57,681 | 0 | 58,101 | -112,073 | - | - | -7,550 | 7,550 | -7,373 | - | 19,429 | 79,778 | 20,239 | - | - | - | - | |
640/8 |
120,315 | 61,040 | 106,812 | 26,595 | 26,546 | 149,335 | 43,312 | 13,944 | 35,631 | 31,236 | 99,257 | 20,218 | 63,116 | 56,846 | 87,949 | 43,268 | 13,531 | 11,448 | 4,561 | |
66A |
- | - | - | - | - | - | - | - | - | 763 | - | - | - | - | - | 3,148 | - | - | - | |
9901 |
-83,018 | 247,290 | -286,306 | -23,601 | 16,276 | 70,878 | 567,284 | -81,170 | 1.5m | 223,088 | -27,370 | 107,591 | 67,892 | 18,458 | 68,325 | 25,195 | 73,529 | 9,163 | 8,171 | |
75/76B |
7 | 458 | 0 | 0 | 611 | 1,546 | 9,905 | 15,802 | 18,263 | 5,514 | 6,659 | 3,239 | 10,752 | 13,135 | 15,966 | 2,226 | 109 | - | 640 | |
75 |
7 | 458 | 0 | 0 | 611 | 1,546 | 9,905 | 15,802 | 18,263 | 5,514 | 6,659 | 3,239 | 10,752 | 13,135 | 15,966 | 2,226 | 109 | - | 640 | |
65/66B |
186,153 | 220,900 | 148,166 | 62,308 | 51,583 | 58,137 | 74,111 | 69,628 | 91,615 | 183,382 | 118,340 | 134,079 | 161,988 | 159,621 | 156,302 | 137,340 | 60,553 | 51,244 | 34,670 | |
65 |
186,153 | 220,900 | 148,166 | 62,308 | 51,583 | 58,137 | 74,111 | 69,628 | 91,615 | 183,382 | 118,340 | 134,079 | 161,988 | 159,621 | 156,302 | 137,340 | 60,553 | 51,244 | 34,670 | |
9903 |
-269,164 | 26,849 | -434,471 | -85,908 | -34,696 | 14,287 | 503,079 | -134,995 | 1.5m | 44,457 | -128,510 | -23,249 | -71,844 | -116,560 | -72,010 | -60,929 | 183,808 | -42,080 | 63,978 | |
780 |
30,316 | 30,316 | 30,065 | 27,491 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
- | - | - | 0 | 14,221 | - | - | -0 | - | 0 | - | - | -81 | -579 | 343 | 334 | -221 | 524 | 10,699 | |
9904 |
-238,848 | 57,165 | -404,407 | -58,418 | 77,002 | 35,551 | 376,460 | -75,783 | 926,748 | 47,809 | -126,275 | -21,014 | -69,528 | -113,746 | -70,118 | -58,278 | 139,319 | -42,604 | 53,279 | |
789 |
62,444 | 62,444 | 61,845 | 53,865 | 260,651 | 50,623 | 48,528 | 114,991 | 4,340 | 6,510 | 4,340 | 4,340 | 4,340 | 4,340 | 4,340 | 5,796 | - | - | - | |
689 |
- | - | - | - | - | - | 349,964 | - | 1.1m | - | - | - | - | - | - | - | 86,791 | - | - | |
9905 |
-176,404 | 119,609 | -342,562 | -4,553 | 337,653 | 86,174 | 75,025 | 39,208 | -133,780 | 54,319 | -121,935 | -16,674 | -65,188 | -109,406 | -65,778 | -52,482 | 52,528 | -42,604 | 53,279 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-401,422 | -225,018 | -344,627 | -2,065 | 57,488 | -280,165 | -366,339 | -441,364 | -480,572 | -346,792 | -401,111 | -279,176 | -262,502 | -197,314 | -87,908 | -22,130 | 30,352 | -22,177 | 44,428 | |
14P |
-225,018 | -344,627 | -2,065 | 2,488 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 0 | 55,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | 0 | 55,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,000 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,000 | |
| Document | ||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 4 days after the deadline. Filed on 4 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00033954.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 04-02-2026 | 2026-00033954 | |
| 30-06-2024 | abbreviated format | 03-02-2025 | 2025-00027207 | |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00022297 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00020002 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-04200137 | |
| 30-06-2020 | abbreviated format | 05-02-2021 | 2021-04800423 | |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-03500258 | |
| 30-06-2018 | abbreviated format | 30-01-2019 | 2019-03400255 | |
| 30-06-2017 | abbreviated format | 30-01-2018 | 2018-03000213 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03000345 | |
| 31-12-2014 | abbreviated format | 24-09-2015 | 2015-59900119 | |
| 31-12-2013 | abbreviated format | 15-10-2014 | 2014-64800147 | |
| 31-12-2012 | abbreviated format | 09-08-2013 | 2013-42000017 | |
| 31-12-2011 | abbreviated format | 26-07-2012 | 2012-34600429 | |
| 31-12-2010 | abbreviated format | 30-08-2011 | 2011-45900347 | |
| 31-12-2009 | abbreviated format | 25-08-2010 | 2010-45400588 | |
| 31-12-2008 | abbreviated format | 26-08-2009 | 2009-62200305 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-65000236 | |
| 31-12-2006 | abbreviated format | 31-08-2007 | 2007-65700158 | |
| 31-12-2005 | abbreviated format | 28-08-2006 | 2006-69103372 | |
| 31-12-2004 | abbreviated format | 12-07-2005 | 2005-47200640 | |
| 31-12-2003 | abbreviated format | 05-01-2005 | 2005-00304264 | |
| 31-12-2002 | abbreviated format | 12-12-2003 | 2003-83300736 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 443,942 | 590,157 | 564,165 | 303,837 | 253,476 | 266,709 | 757,383 | 379,020 | 1.7m | 487,525 | 150,329 | 285,290 | 244,828 | 195,394 | 304,739 | 202,515 | 133,021 | 109,509 | 38,491 | ||
| 288,112 | 400,032 | 446,064 | 269,020 | 314,202 | 231,382 | 566,559 | 384,407 | 1.0m | 312,246 | 51,424 | 156,685 | 107,408 | 63,190 | 166,295 | 119,042 | 198,811 | 57,741 | 83,600 | ||
| 335,933 | 46,312 | 4.1m | 48,884 | 358,253 | 68,820 | 48,400 | 2.6m | 119,319 | - | 0 | 2,289 | -0 | 5,187 | 1.1m | 1.5m | 74,200 | 843,425 | 86,920 | ||
| 25,261 | -35,225 | -441,055 | -259,988 | 380,730 | -721,963 | 804,846 | -28,430 | 300,988 | - | -24,651 | -143,775 | 170,434 | -223,199 | 215,878 | 8,226 | -42,998 | -51,047 | - | ||
| -2.9m | -3.1m | -3.3m | -747,727 | -766,126 | -367,159 | -275,505 | -689,942 | 1.3m | -112,724 | -111,301 | 36,649 | 72,263 | 155,464 | 277,171 | 1.4m | 70,180 | -59,669 | 119,559 | ||
| 53.2% | 43.8% | 41.3% | 64.8% | 62.7% | 58.9% | 56.6% | 50.8% | 58.0% | 49.5% | 47.3% | 47.2% | 46.4% | 45.5% | 44.9% | 43.5% | 53.2% | 16.3% | 33.9% | ||
| 0.08 | 0.06 | 0.09 | 0.52 | 0.53 | 0.78 | 0.83 | 0.59 | 8.15 | 0.77 | 0.69 | 1.12 | 1.30 | 1.64 | 1.97 | 4.28 | 1.65 | 0.76 | 1.85 | ||
| 0.08 | 0.06 | 0.09 | 0.52 | 0.53 | 0.78 | 0.83 | 0.59 | 8.15 | 0.77 | 0.69 | 1.12 | 1.30 | 1.64 | 1.97 | 1.76 | 1.65 | 0.76 | 1.85 | ||
| 0.81 | 1.18 | 1.31 | 0.43 | 0.48 | 0.55 | 0.61 | 0.83 | 0.51 | 1.01 | 1.10 | 1.11 | 1.14 | 1.18 | 1.21 | 1.29 | 0.84 | 5.12 | 1.95 | ||
| -4.2% | 1.5% | -10.6% | -1.4% | 1.8% | 0.8% | 9.1% | -2.0% | 34.7% | 1.9% | -5.0% | -0.8% | -2.6% | -4.2% | -2.5% | -2.0% | 11.2% | -16.9% | 18.0% | ||
| -2.2% | 0.6% | -4.4% | -0.9% | 1.1% | 0.5% | 5.1% | -1.0% | 20.2% | 0.9% | -2.4% | -0.4% | -1.2% | -1.9% | -1.1% | -0.9% | 5.9% | -2.8% | 6.1% | ||
| 2.38 | 2.67 | 3.81 | 4.88 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €4.1m | €4.4m | - | €1.7m |
| Mortgages, amount registered | €2.5m | €2.5m | €2.9m | €2.9m |
| €6.1m | €6.1m | €1.8m | €1.8m | |
| Carrying value of the mortgaged assets | €10.2m | €8.3m | €8.6m | €5.4m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €335,933 | €46,312 | €4.1m | €48,884 |
| €526,960 | €342,866 | €850,471 | €327,438 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on FIRST FRONT
The operating result for 2025 is a loss of €83,018, after a profit of €247,290 in 2024.
Debt's share of the balance-sheet total falls from 51.6% to 43.3%. Equity and debt are higher.