F&F Management: 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 Management
Largest movements
- Receivables within one year -€88,264
down €88,264 (-76.0%), from €116,086 to €27,822
of which Trade receivables: -€90,400
- Receivables after one year -€13,748
down €13,748 (-21.5%), from €63,985 to €50,237
- Cash +€2,105
up €2,105 (+96,571%), from €2 to €2,107
mainly Receivables within one year (+€88,264) and Receivables after one year (+€13,748)
- Profit (loss) carried forward -€81,583
down €81,583 (-57.4%), from €142,191 to €60,607
- Trade debts -€24,543
down €24,543 (-84.3%), from €29,116 to €4,572
- Tax, wage and social debts +€5,248
up €5,248 (+60.7%), from €8,639 to €13,887
- Other operating charges +€89,419
up €89,419 (+15,400%), from €581 to €90,000
- Gross operating margin +€87,996
up €87,996 (+1,823%), from €4,828 to €92,824
- Taxes +€74,849
up €74,849 (+892%), from €8,394 to €83,243
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 | €181,946 | €81,067 | -€100,879 | -55.4% |
| Fixed assets | 21/28 | €1,872 | €900 | -€973 | -52.0% |
| Tangible fixed assets | 22/27 | €1,547 | €575 | -€973 | -62.9% |
| Furniture and vehicles | 24 | €1,547 | €575 | -€973 | -62.9% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €180,073 | €80,167 | -€99,906 | -55.5% |
| Amounts receivable after more than one year | 29 | €63,985 | €50,237 | -€13,748 | -21.5% |
| Other amounts receivable | 291 | €63,985 | €50,237 | -€13,748 | -21.5% |
| Amounts receivable within one year | 40/41 | €116,086 | €27,822 | -€88,264 | -76.0% |
| Trade receivables | 40 | €96,108 | €5,708 | -€90,400 | -94.1% |
| Other amounts receivable | 41 | €19,978 | €22,114 | +€2,136 | +10.7% |
| Cash at bank and in hand | 54/58 | €2 | €2,107 | +€2,105 | +96,571% |
| Total equity and liabilities | 10/49 | €181,946 | €81,067 | -€100,879 | -55.4% |
| Equity | 10/15 | €144,191 | €62,607 | -€81,583 | -56.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,191 | €60,607 | -€81,583 | -57.4% |
| Amounts payable | 17/49 | €37,755 | €18,459 | -€19,296 | -51.1% |
| Amounts payable within one year | 42/48 | €37,755 | €18,459 | -€19,296 | -51.1% |
| Trade debts | 44 | €29,116 | €4,572 | -€24,543 | -84.3% |
| Suppliers | 440/4 | €29,116 | €4,572 | -€24,543 | -84.3% |
| Taxes, remuneration and social security | 45 | €8,639 | €13,887 | +€5,248 | +60.7% |
| Taxes | 450/3 | €8,639 | €13,887 | +€5,248 | +60.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973 | €973 | = | 0.0% |
| Other operating charges | 640/8 | €581 | €90,000 | +€89,419 | +15,400% |
| Gross operating margin | 9900 | €4,828 | €92,824 | +€87,996 | +1,823% |
| Operating profit (loss) | 9901 | €3,275 | €1,852 | -€1,423 | -43.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €88 | €192 | +€104 | +117% |
| Recurring financial charges | 65 | €88 | €192 | +€104 | +117% |
| Profit (loss) for the period before taxes | 9903 | €3,186 | €1,660 | -€1,527 | -47.9% |
| Income taxes | 67/77 | €8,394 | €83,243 | +€74,849 | +892% |
| Profit (loss) for the period | 9904 | -€5,208 | -€81,583 | -€76,376 | -1,467% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,208 | -€81,583 | -€76,376 | -1,467% |
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 23 October 2026 via checked.be.