F.B. ADVISORS: 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.B. ADVISORS
Largest movements
- Cash -€61,848
down €61,848 (-42.3%), from €146,174 to €84,326
mainly Investment in fixed assets (net) (-€43,835) and Accrued charges and deferred income (-€18,240)
- Tangible fixed assets +€33,859
up €33,859 (+1,019%), from €3,323 to €37,183
of which Furniture and vehicles: +€34,546
- Deferred charges and accrued income -€4,087
down €4,087 (-83.2%), from €4,913 to €826
- Accrued charges and deferred income -€18,240
no longer reported in 2025 (was €18,240)
- Other debts -€7,103
down €7,103 (-11.1%), from €63,877 to €56,774
- Tax, wage and social debts -€5,792
no longer reported in 2025 (was €5,792)
- Profit (loss) carried forward -€2,064
down €2,064 (-3.0%), from -€68,943 to -€71,007
- Financial charges -€161,668
down €161,668 (-99.9%), from €161,763 to €95
of which Non-recurring financial charges: -€160,628
- Financial income -€110,965
down €110,965 (-99.5%), from €111,566 to €601
- Taxes -€29,688
no longer reported in 2025 (was €29,688)
- Depreciation +€9,028
up €9,028 (+953%), from €948 to €9,976
- Gross operating margin +€2,790
up €2,790 (+43.6%), from €6,400 to €9,191
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 | €156,408 | €124,508 | -€31,900 | -20.4% |
| Fixed assets | 21/28 | €5,321 | €39,180 | +€33,859 | +636% |
| Tangible fixed assets | 22/27 | €3,323 | €37,183 | +€33,859 | +1,019% |
| Land and buildings | 22 | €2,017 | €1,330 | -€686 | -34.0% |
| Furniture and vehicles | 24 | €1,307 | €35,852 | +€34,546 | +2,644% |
| Financial fixed assets | 28 | €1,998 | €1,998 | = | 0.0% |
| Current assets | 29/58 | €151,087 | €85,327 | -€65,760 | -43.5% |
| Amounts receivable within one year | 40/41 | - | €175 | +€175 | |
| Other amounts receivable | 41 | - | €175 | +€175 | |
| Cash at bank and in hand | 54/58 | €146,174 | €84,326 | -€61,848 | -42.3% |
| Deferred charges and accrued income | 490/1 | €4,913 | €826 | -€4,087 | -83.2% |
| Total equity and liabilities | 10/49 | €156,408 | €124,508 | -€31,900 | -20.4% |
| Equity | 10/15 | €68,235 | €66,171 | -€2,064 | -3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,978 | €130,978 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €117,618 | €117,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,943 | -€71,007 | -€2,064 | -3.0% |
| Amounts payable | 17/49 | €88,174 | €58,337 | -€29,837 | -33.8% |
| Amounts payable within one year | 42/48 | €69,933 | €58,337 | -€11,597 | -16.6% |
| Trade debts | 44 | €264 | €1,563 | +€1,299 | +491% |
| Suppliers | 440/4 | €264 | €1,563 | +€1,299 | +491% |
| Taxes, remuneration and social security | 45 | €5,792 | - | -€5,792 | |
| Taxes | 450/3 | €5,792 | - | -€5,792 | |
| Other amounts payable | 47/48 | €63,877 | €56,774 | -€7,103 | -11.1% |
| Accrued charges and deferred income | 492/3 | €18,240 | - | -€18,240 | |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €948 | €9,976 | +€9,028 | +953% |
| Other operating charges | 640/8 | €1,723 | €1,784 | +€61 | +3.5% |
| Gross operating margin | 9900 | €6,400 | €9,191 | +€2,790 | +43.6% |
| Operating profit (loss) | 9901 | €3,729 | -€2,569 | -€6,299 | |
| Financial income | 75/76B | €111,566 | €601 | -€110,965 | -99.5% |
| Recurring financial income | 75 | €111,566 | €601 | -€110,965 | -99.5% |
| Financial charges | 65/66B | €161,763 | €95 | -€161,668 | -99.9% |
| Recurring financial charges | 65 | €1,135 | €95 | -€1,040 | -91.6% |
| Non-recurring financial charges | 66B | €160,628 | - | -€160,628 | |
| Profit (loss) for the period before taxes | 9903 | -€46,468 | -€2,064 | +€44,404 | +95.6% |
| Income taxes | 67/77 | €29,688 | - | -€29,688 | |
| Profit (loss) for the period | 9904 | -€76,156 | -€2,064 | +€74,092 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,156 | -€2,064 | +€74,092 | +97.3% |
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 13 October 2026 via checked.be.