F.A.: 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.
F.A.
Largest movements
- Receivables within one year -€26,804
down €26,804 (-25.8%), from €103,732 to €76,928
of which Other amounts receivable: -€25,603
- Cash +€2,272
up €2,272 (+75.2%), from €3,022 to €5,294
mainly Receivables within one year (+€26,804) and Tax, wage and social debts (+€4,994)
- Other debts -€26,412
down €26,412 (-100%), from €26,412 to €0
- Trade debts -€7,213
down €7,213 (-76.8%), from €9,388 to €2,175
- Tax, wage and social debts +€4,994
up €4,994 (+41.6%), from €11,993 to €16,987
- Profit (loss) carried forward +€4,714
up €4,714 (+16.2%), from €29,113 to €33,827
- Financial income -€6,030
down €6,030 (-100%), from €6,030 to €0
- Taxes -€5,388
down €5,388 (-69.6%), from €7,747 to €2,359
- Gross operating margin -€3,840
down €3,840 (-22.0%), from €17,449 to €13,609
- Depreciation +€2,463
up €2,463 (+574%), from €429 to €2,892
- Other operating charges +€1,650
up €1,650 (+470%), from €351 to €2,001
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 | €120,930 | €97,014 | -€23,916 | -19.8% |
| Fixed assets | 21/28 | €14,176 | €14,589 | +€413 | +2.9% |
| Tangible fixed assets | 22/27 | €14,126 | €14,539 | +€413 | +2.9% |
| Plant, machinery and equipment | 23 | €14,126 | €14,539 | +€413 | +2.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €106,754 | €82,425 | -€24,329 | -22.8% |
| Amounts receivable within one year | 40/41 | €103,732 | €76,928 | -€26,804 | -25.8% |
| Trade receivables | 40 | €1,201 | €0 | -€1,201 | -100% |
| Other amounts receivable | 41 | €102,531 | €76,928 | -€25,603 | -25.0% |
| Cash at bank and in hand | 54/58 | €3,022 | €5,294 | +€2,272 | +75.2% |
| Deferred charges and accrued income | 490/1 | - | €203 | +€203 | |
| Total equity and liabilities | 10/49 | €120,930 | €97,014 | -€23,916 | -19.8% |
| Equity | 10/15 | €73,137 | €77,851 | +€4,714 | +6.4% |
| Reserves | 13 | €44,024 | €44,024 | -€0 | 0.0% |
| Distributable reserves | 133 | €44,024 | €44,024 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €29,113 | €33,827 | +€4,714 | +16.2% |
| Amounts payable | 17/49 | €47,793 | €19,162 | -€28,631 | -59.9% |
| Amounts payable within one year | 42/48 | €47,793 | €19,162 | -€28,631 | -59.9% |
| Trade debts | 44 | €9,388 | €2,175 | -€7,213 | -76.8% |
| Suppliers | 440/4 | €9,388 | €2,175 | -€7,213 | -76.8% |
| Taxes, remuneration and social security | 45 | €11,993 | €16,987 | +€4,994 | +41.6% |
| Taxes | 450/3 | €11,993 | €16,987 | +€4,994 | +41.6% |
| Other amounts payable | 47/48 | €26,412 | €0 | -€26,412 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €2,892 | +€2,463 | +574% |
| Other operating charges | 640/8 | €351 | €2,001 | +€1,650 | +470% |
| Non-recurring operating charges | 66A | - | €23 | +€23 | |
| Gross operating margin | 9900 | €17,449 | €13,609 | -€3,840 | -22.0% |
| Operating profit (loss) | 9901 | €16,669 | €8,692 | -€7,977 | -47.9% |
| Financial income | 75/76B | €6,030 | €0 | -€6,030 | -100% |
| Recurring financial income | 75 | €6,030 | €0 | -€6,030 | -100% |
| Financial charges | 65/66B | €795 | €1,619 | +€824 | +104% |
| Recurring financial charges | 65 | €795 | €1,619 | +€824 | +104% |
| Profit (loss) for the period before taxes | 9903 | €21,904 | €7,073 | -€14,831 | -67.7% |
| Income taxes | 67/77 | €7,747 | €2,359 | -€5,388 | -69.6% |
| Profit (loss) for the period | 9904 | €14,157 | €4,715 | -€9,442 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,157 | €4,715 | -€9,442 | -66.7% |
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 16 October 2026 via checked.be.