F-Design: 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-Design
Largest movements
- Cash -€9,112
down €9,112 (-56.1%), from €16,244 to €7,132
mainly Advances received (-€30,000) and Tax, wage and social debts (-€3,462)
- Receivables within one year -€5,889
down €5,889 (-6.9%), from €85,070 to €79,181
of which Trade receivables: -€17,474
- Tangible fixed assets +€2,114
up €2,114 (+77.6%), from €2,726 to €4,841
of which Leasing and similar rights: +€3,143
- Advances received -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward +€16,128
up €16,128 (+34.5%), from €46,704 to €62,832
- Trade debts +€4,448
up €4,448 (+119%), from €3,744 to €8,191
- Tax, wage and social debts -€3,462
down €3,462 (-66.9%), from €5,172 to €1,710
of which Remuneration and social security: -€3,000
- Gross operating margin +€5,278
up €5,278 (+35.5%), from €14,858 to €20,136
- Taxes +€2,135
new in 2025: €2,135
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 | €104,220 | €91,334 | -€12,886 | -12.4% |
| Fixed assets | 21/28 | €2,906 | €5,021 | +€2,114 | +72.7% |
| Tangible fixed assets | 22/27 | €2,726 | €4,841 | +€2,114 | +77.6% |
| Plant, machinery and equipment | 23 | - | €1,698 | +€1,698 | |
| Furniture and vehicles | 24 | €2,726 | - | -€2,726 | |
| Leasing and similar rights | 25 | - | €3,143 | +€3,143 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €101,313 | €86,313 | -€15,000 | -14.8% |
| Amounts receivable within one year | 40/41 | €85,070 | €79,181 | -€5,889 | -6.9% |
| Trade receivables | 40 | €85,070 | €67,595 | -€17,474 | -20.5% |
| Other amounts receivable | 41 | - | €11,586 | +€11,586 | |
| Cash at bank and in hand | 54/58 | €16,244 | €7,132 | -€9,112 | -56.1% |
| Total equity and liabilities | 10/49 | €104,220 | €91,334 | -€12,886 | -12.4% |
| Equity | 10/15 | €65,304 | €81,432 | +€16,128 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,704 | €62,832 | +€16,128 | +34.5% |
| Amounts payable | 17/49 | €38,916 | €9,901 | -€29,014 | -74.6% |
| Amounts payable within one year | 42/48 | €38,916 | €9,901 | -€29,014 | -74.6% |
| Trade debts | 44 | €3,744 | €8,191 | +€4,448 | +119% |
| Suppliers | 440/4 | €3,744 | €8,191 | +€4,448 | +119% |
| Advances received on contracts in progress | 46 | €30,000 | - | -€30,000 | |
| Taxes, remuneration and social security | 45 | €5,172 | €1,710 | -€3,462 | -66.9% |
| Taxes | 450/3 | €2,172 | €1,710 | -€462 | -21.3% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,027 | €1,009 | -€18 | -1.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €14,858 | €20,136 | +€5,278 | +35.5% |
| Operating profit (loss) | 9901 | €13,447 | €18,740 | +€5,293 | +39.4% |
| Financial income | 75/76B | €254 | €60 | -€195 | -76.6% |
| Recurring financial income | 75 | €254 | €60 | -€195 | -76.6% |
| Financial charges | 65/66B | €725 | €536 | -€189 | -26.1% |
| Recurring financial charges | 65 | €725 | €536 | -€189 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €12,976 | €18,264 | +€5,288 | +40.8% |
| Income taxes | 67/77 | - | €2,135 | +€2,135 | |
| Profit (loss) for the period | 9904 | €12,976 | €16,128 | +€3,153 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,976 | €16,128 | +€3,153 | +24.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.