F.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.F.A.
Largest movements
- Stocks and contracts +€752,654
up €752,654 (+10,744%), from €7,005 to €759,660
- Receivables within one year +€18,653
up €18,653 (+254%), from €7,339 to €25,992
of which Other amounts receivable: +€18,653
- Trade debts +€599,922
up €599,922 (+24,196%), from €2,479 to €602,402
- Short-term financial debts +€199,226
new in 2025: €199,226
- Profit (loss) carried forward -€22,458
down €22,458 (-502%), from -€4,470 to -€26,928
- Financial charges +€5,133
up €5,133 (+3,666%), from €140 to €5,273
- Gross operating margin -€3,464
down €3,464 (-27.2%), from -€12,713 to -€16,176
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 | €23,694 | €792,980 | +€769,285 | +3,247% |
| Fixed assets | 21/28 | €1,945 | €936 | -€1,009 | -51.9% |
| Tangible fixed assets | 22/27 | €1,945 | €936 | -€1,009 | -51.9% |
| Furniture and vehicles | 24 | €1,945 | €936 | -€1,009 | -51.9% |
| Current assets | 29/58 | €21,750 | €792,044 | +€770,294 | +3,542% |
| Stocks and contracts in progress | 3 | €7,005 | €759,660 | +€752,654 | +10,744% |
| Stocks | 30/36 | €7,005 | €759,660 | +€752,654 | +10,744% |
| Amounts receivable within one year | 40/41 | €7,339 | €25,992 | +€18,653 | +254% |
| Trade receivables | 40 | €6,716 | €6,716 | = | 0.0% |
| Other amounts receivable | 41 | €623 | €19,276 | +€18,653 | +2,994% |
| Cash at bank and in hand | 54/58 | €2,797 | €1,784 | -€1,013 | -36.2% |
| Deferred charges and accrued income | 490/1 | €4,609 | €4,609 | = | 0.0% |
| Total equity and liabilities | 10/49 | €23,694 | €792,980 | +€769,285 | +3,247% |
| Equity | 10/15 | €3,640 | -€18,818 | -€22,458 | |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€4,470 | -€26,928 | -€22,458 | -502% |
| Amounts payable | 17/49 | €20,054 | €811,797 | +€791,743 | +3,948% |
| Amounts payable within one year | 42/48 | €20,054 | €811,797 | +€791,743 | +3,948% |
| Financial debts | 43 | - | €199,226 | +€199,226 | |
| Credit institutions | 430/8 | - | €199,226 | +€199,226 | |
| Trade debts | 44 | €2,479 | €602,402 | +€599,922 | +24,196% |
| Suppliers | 440/4 | €2,479 | €602,402 | +€599,922 | +24,196% |
| Taxes, remuneration and social security | 45 | - | €458 | +€458 | |
| Taxes | 450/3 | - | €458 | +€458 | |
| Other amounts payable | 47/48 | €17,575 | €9,712 | -€7,863 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,009 | €1,009 | = | 0.0% |
| Gross operating margin | 9900 | -€12,713 | -€16,176 | -€3,464 | -27.2% |
| Operating profit (loss) | 9901 | -€13,722 | -€17,185 | -€3,464 | -25.2% |
| Financial charges | 65/66B | €140 | €5,273 | +€5,133 | +3,666% |
| Recurring financial charges | 65 | €140 | €5,273 | +€5,133 | +3,666% |
| Profit (loss) for the period before taxes | 9903 | -€13,862 | -€22,458 | -€8,596 | -62.0% |
| Profit (loss) for the period | 9904 | -€13,862 | -€22,458 | -€8,596 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,862 | -€22,458 | -€8,596 | -62.0% |
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 29 October 2026 via checked.be.