F-co: 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-co
Largest movements
- Current investments +€82,750
up €82,750 (+604.3%), from €13,694 to €96,444
- Receivables within one year -€78,916
down €78,916 (-75.7%), from €104,252 to €25,336
of which Other amounts receivable: -€88,583
- Profit (loss) carried forward +€3,709
up €3,709 (+12.5%), from €29,682 to €33,391
- Gross operating margin -€15,085
down €15,085 (-69.3%), from €21,762 to €6,678
- Taxes -€5,231
down €5,231 (-75.0%), from €6,971 to €1,740
- Financial charges +€964
up €964 (+808.0%), from €119 to €1,084
- Depreciation -€395
down €395 (-31.8%), from €1,242 to €847
- Financial income -€359
down €359 (-25.1%), from €1,430 to €1,071
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.
Cash bridge derived
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 | €122,483 | €126,066 | +€3,583 | +2.9% |
| Fixed assets | 21/28 | €3,034 | €2,187 | -€847 | -27.9% |
| Tangible fixed assets | 22/27 | €3,034 | €2,187 | -€847 | -27.9% |
| Furniture and vehicles | 24 | €3,034 | €2,187 | -€847 | -27.9% |
| Current assets | 29/58 | €119,449 | €123,879 | +€4,430 | +3.7% |
| Amounts receivable within one year | 40/41 | €104,252 | €25,336 | -€78,916 | -75.7% |
| Trade receivables | 40 | €14,639 | €24,305 | +€9,667 | +66.0% |
| Other amounts receivable | 41 | €89,614 | €1,031 | -€88,583 | -98.8% |
| Current investments | 50/53 | €13,694 | €96,444 | +€82,750 | +604.3% |
| Cash at bank and in hand | 54/58 | €1,503 | €2,099 | +€596 | +39.7% |
| Total equity and liabilities | 10/49 | €122,483 | €126,066 | +€3,583 | +2.9% |
| Equity | 10/15 | €117,468 | €121,177 | +€3,709 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,186 | €69,186 | = | 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 | €20,326 | €20,326 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,682 | €33,391 | +€3,709 | +12.5% |
| Amounts payable | 17/49 | €5,015 | €4,889 | -€126 | -2.5% |
| Amounts payable within one year | 42/48 | €5,015 | €4,889 | -€126 | -2.5% |
| Trade debts | 44 | €1,187 | €563 | -€623 | -52.5% |
| Suppliers | 440/4 | €1,187 | €563 | -€623 | -52.5% |
| Taxes, remuneration and social security | 45 | €3,829 | €4,326 | +€497 | +13.0% |
| Taxes | 450/3 | €3,829 | €4,326 | +€497 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,242 | €847 | -€395 | -31.8% |
| Other operating charges | 640/8 | €295 | €369 | +€74 | +25.1% |
| Gross operating margin | 9900 | €21,762 | €6,678 | -€15,085 | -69.3% |
| Operating profit (loss) | 9901 | €20,225 | €5,461 | -€14,764 | -73.0% |
| Financial income | 75/76B | €1,430 | €1,071 | -€359 | -25.1% |
| Recurring financial income | 75 | €1,430 | €1,071 | -€359 | -25.1% |
| Financial charges | 65/66B | €119 | €1,084 | +€964 | +808.0% |
| Recurring financial charges | 65 | €119 | €1,084 | +€964 | +808.0% |
| Profit (loss) for the period before taxes | 9903 | €21,536 | €5,449 | -€16,087 | -74.7% |
| Income taxes | 67/77 | €6,971 | €1,740 | -€5,231 | -75.0% |
| Profit (loss) for the period | 9904 | €14,565 | €3,709 | -€10,856 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,565 | €3,709 | -€10,856 | -74.5% |
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 10 October 2026 via checked.be.