F & F ESTATES: 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 ESTATES
Largest movements
- Receivables within one year -€550,079
down €550,079 (-29.2%), from €1.9m to €1.3m
of which Other amounts receivable: -€553,820
- Cash +€273,192
up €273,192 (+40,797%), from €670 to €273,861
mainly Receivables within one year (+€550,079) and Net result for the year (+€495,240)
- Reserves +€535,991
up €535,991 (+65.7%), from €815,438 to €1.4m
- Other debts -€528,591
down €528,591 (-72.3%), from €730,911 to €202,319
- Debts after one year -€258,191
no longer reported in 2024 (was €258,191)
- Provisions +€178,017
up €178,017 (+53.1%), from €335,264 to €513,281
- Tax, wage and social debts -€171,088
down €171,088 (-76.6%), from €223,447 to €52,360
- Gross operating margin +€735,777
up €735,777, from -€37,719 to €698,057
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,007,811 | €2,724,771 | -€283,040 | -9.4% |
| Fixed assets | 21/28 | €1,122,152 | €1,116,000 | -€6,152 | -0.5% |
| Intangible fixed assets | 21 | €873,444 | €873,444 | = | 0.0% |
| Tangible fixed assets | 22/27 | €248,207 | €242,055 | -€6,152 | -2.5% |
| Land and buildings | 22 | €248,207 | €238,954 | -€9,253 | -3.7% |
| Furniture and vehicles | 24 | - | €3,101 | +€3,101 | |
| Financial fixed assets | 28 | €501 | €501 | = | 0.0% |
| Current assets | 29/58 | €1,885,659 | €1,608,771 | -€276,888 | -14.7% |
| Amounts receivable within one year | 40/41 | €1,884,989 | €1,334,910 | -€550,079 | -29.2% |
| Trade receivables | 40 | - | €3,740 | +€3,740 | |
| Other amounts receivable | 41 | €1,884,989 | €1,331,170 | -€553,820 | -29.4% |
| Cash at bank and in hand | 54/58 | €670 | €273,861 | +€273,192 | +40,797% |
| Total equity and liabilities | 10/49 | €3,007,811 | €2,724,771 | -€283,040 | -9.4% |
| Equity | 10/15 | €1,340,272 | €1,835,512 | +€495,240 | +37.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €815,438 | €1,351,428 | +€535,991 | +65.7% |
| Tax-exempt reserves | 132 | €815,438 | €1,351,428 | +€535,991 | +65.7% |
| Profit (loss) carried forward | 14 | €404,834 | €364,084 | -€40,751 | -10.1% |
| Provisions and deferred taxes | 16 | €335,264 | €513,281 | +€178,017 | +53.1% |
| Deferred taxes | 168 | €335,264 | €513,281 | +€178,017 | +53.1% |
| Amounts payable | 17/49 | €1,332,275 | €375,978 | -€956,297 | -71.8% |
| Amounts payable after more than one year | 17 | €258,191 | - | -€258,191 | |
| Financial debts | 170/4 | €258,191 | - | -€258,191 | |
| Amounts payable within one year | 42/48 | €980,258 | €282,152 | -€698,106 | -71.2% |
| Financial debts | 43 | €11,853 | €11,853 | = | 0.0% |
| Credit institutions | 430/8 | €11,853 | €11,853 | = | 0.0% |
| Trade debts | 44 | €14,047 | €15,620 | +€1,573 | +11.2% |
| Suppliers | 440/4 | €14,047 | €15,620 | +€1,573 | +11.2% |
| Taxes, remuneration and social security | 45 | €223,447 | €52,360 | -€171,088 | -76.6% |
| Taxes | 450/3 | €223,447 | €52,360 | -€171,088 | -76.6% |
| Other amounts payable | 47/48 | €730,911 | €202,319 | -€528,591 | -72.3% |
| Accrued charges and deferred income | 492/3 | €93,825 | €93,825 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,253 | €10,177 | +€924 | +10.0% |
| Other operating charges | 640/8 | €370 | €718 | +€348 | +93.9% |
| Gross operating margin | 9900 | -€37,719 | €698,057 | +€735,777 | |
| Operating profit (loss) | 9901 | -€47,342 | €687,162 | +€734,505 | |
| Financial income | 75/76B | €35,410 | €31,905 | -€3,505 | -9.9% |
| Recurring financial income | 75 | €35,410 | €31,905 | -€3,505 | -9.9% |
| Financial charges | 65/66B | €49,389 | €45,811 | -€3,578 | -7.2% |
| Recurring financial charges | 65 | €49,389 | €45,811 | -€3,578 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€61,321 | €673,257 | +€734,578 | |
| Transfer from deferred taxes | 780 | €1,834 | €1,834 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €179,851 | +€179,851 | |
| Income taxes | 67/77 | €356 | - | -€356 | |
| Profit (loss) for the period | 9904 | -€59,844 | €495,240 | +€555,084 | |
| Transfer from tax-exempt reserves | 789 | €3,561 | €3,561 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €539,552 | +€539,552 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,283 | -€40,751 | +€15,532 | +27.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.