F. et F.: 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. et F.
Largest movements
- Deferred charges and accrued income -€3,171
no longer reported in 2025 (was €3,171)
- Tangible fixed assets -€1,186
down €1,186 (-24.5%), from €4,842 to €3,656
- Receivables within one year -€787
no longer reported in 2025 (was €787)
- Profit (loss) carried forward -€4,425
down €4,425 (-4.9%), from -€90,377 to -€94,803
- Debts after one year -€787
down €787 (-1.7%), from €46,622 to €45,835
- Gross operating margin -€3,171
new in 2025: -€3,171
- Depreciation -€133
down €133 (-10.1%), from €1,319 to €1,186
- Other operating charges +€68
new in 2025: €68
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,800 | €3,656 | -€5,144 | -58.5% |
| Fixed assets | 21/28 | €4,842 | €3,656 | -€1,186 | -24.5% |
| Tangible fixed assets | 22/27 | €4,842 | €3,656 | -€1,186 | -24.5% |
| Plant, machinery and equipment | 23 | €4,842 | €3,656 | -€1,186 | -24.5% |
| Current assets | 29/58 | €3,958 | - | -€3,958 | |
| Amounts receivable within one year | 40/41 | €787 | - | -€787 | |
| Trade receivables | 40 | €787 | - | -€787 | |
| Deferred charges and accrued income | 490/1 | €3,171 | - | -€3,171 | |
| Total equity and liabilities | 10/49 | €8,800 | €3,656 | -€5,144 | -58.5% |
| Equity | 10/15 | -€71,777 | -€76,203 | -€4,425 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,377 | -€94,803 | -€4,425 | -4.9% |
| Amounts payable | 17/49 | €80,577 | €79,859 | -€719 | -0.9% |
| Amounts payable after more than one year | 17 | €46,622 | €45,835 | -€787 | -1.7% |
| Financial debts | 170/4 | €46,622 | €45,835 | -€787 | -1.7% |
| Amounts payable within one year | 42/48 | €33,956 | €34,024 | +€68 | +0.2% |
| Trade debts | 44 | €7,596 | €7,596 | = | 0.0% |
| Suppliers | 440/4 | €7,596 | €7,596 | = | 0.0% |
| Other amounts payable | 47/48 | €26,360 | €26,428 | +€68 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,319 | €1,186 | -€133 | -10.1% |
| Other operating charges | 640/8 | - | €68 | +€68 | |
| Gross operating margin | 9900 | - | -€3,171 | -€3,171 | |
| Operating profit (loss) | 9901 | -€1,319 | -€4,425 | -€3,106 | -236% |
| Profit (loss) for the period before taxes | 9903 | -€1,319 | -€4,425 | -€3,106 | -236% |
| Profit (loss) for the period | 9904 | -€1,319 | -€4,425 | -€3,106 | -236% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,319 | -€4,425 | -€3,106 | -236% |
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 27 October 2026 via checked.be.