F&F Solutions: what changed
F&F Solutions
Largest movements
- Cash -€16,312
down €16,312 (-31.5%), from €51,816 to €35,503
mainly Contributions, distributions and other (-€43,478) and Tax, wage and social debts (-€9,332)
- Receivables within one year -€12,028
down €12,028 (-38.1%), from €31,611 to €19,583
of which Trade receivables: -€9,264
- Stocks and contracts +€7,681
up €7,681 (+6.1%), from €126,000 to €133,681
- Profit (loss) carried forward -€22,914
down €22,914 (-99.8%), from €22,966 to €52
- Tax, wage and social debts -€9,332
down €9,332 (-67.3%), from €13,872 to €4,540
- Reserves +€5,443
up €5,443 (+29.6%), from €18,417 to €23,860
of which Distributable reserves: +€5,443
- Other debts +€5,002
up €5,002 (+5.0%), from €99,932 to €104,934
- Trade debts +€2,574
up €2,574 (+18.9%), from €13,627 to €16,201
- Financial charges -€8,096
down €8,096 (-97.0%), from €8,346 to €250
- Gross operating margin -€6,263
down €6,263 (-13.9%), from €44,987 to €38,725
- Taxes -€3,515
down €3,515 (-43.9%), from €8,015 to €4,500
- Other operating charges +€2,688
up €2,688 (+65.3%), from €4,116 to €6,804
- Depreciation -€798
down €798 (-38.0%), from €2,099 to €1,301
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,661 | €190,927 | -€21,734 | -10.2% |
| Fixed assets | 21/28 | €3,235 | €1,934 | -€1,301 | -40.2% |
| Tangible fixed assets | 22/27 | €3,235 | €1,934 | -€1,301 | -40.2% |
| Land and buildings | 22 | €3,235 | €1,934 | -€1,301 | -40.2% |
| Current assets | 29/58 | €209,427 | €188,993 | -€20,434 | -9.8% |
| Stocks and contracts in progress | 3 | €126,000 | €133,681 | +€7,681 | +6.1% |
| Stocks | 30/36 | €126,000 | €133,681 | +€7,681 | +6.1% |
| Amounts receivable within one year | 40/41 | €31,611 | €19,583 | -€12,028 | -38.1% |
| Trade receivables | 40 | €24,885 | €15,621 | -€9,264 | -37.2% |
| Other amounts receivable | 41 | €6,726 | €3,962 | -€2,764 | -41.1% |
| Cash at bank and in hand | 54/58 | €51,816 | €35,503 | -€16,312 | -31.5% |
| Deferred charges and accrued income | 490/1 | - | €226 | +€226 | |
| Total equity and liabilities | 10/49 | €212,661 | €190,927 | -€21,734 | -10.2% |
| Equity | 10/15 | €59,983 | €42,512 | -€17,471 | -29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,417 | €23,860 | +€5,443 | +29.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,557 | €22,000 | +€5,443 | +32.9% |
| Profit (loss) carried forward | 14 | €22,966 | €52 | -€22,914 | -99.8% |
| Amounts payable | 17/49 | €152,678 | €148,415 | -€4,263 | -2.8% |
| Amounts payable within one year | 42/48 | €130,654 | €126,391 | -€4,263 | -3.3% |
| Financial debts | 43 | €3,223 | €716 | -€2,507 | -77.8% |
| Credit institutions | 430/8 | €3,223 | €716 | -€2,507 | -77.8% |
| Trade debts | 44 | €13,627 | €16,201 | +€2,574 | +18.9% |
| Suppliers | 440/4 | €13,627 | €16,201 | +€2,574 | +18.9% |
| Taxes, remuneration and social security | 45 | €13,872 | €4,540 | -€9,332 | -67.3% |
| Taxes | 450/3 | €13,872 | €4,540 | -€9,332 | -67.3% |
| Other amounts payable | 47/48 | €99,932 | €104,934 | +€5,002 | +5.0% |
| Accrued charges and deferred income | 492/3 | €22,024 | €22,024 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,099 | €1,301 | -€798 | -38.0% |
| Other operating charges | 640/8 | €4,116 | €6,804 | +€2,688 | +65.3% |
| Gross operating margin | 9900 | €44,987 | €38,725 | -€6,263 | -13.9% |
| Operating profit (loss) | 9901 | €38,772 | €30,620 | -€8,152 | -21.0% |
| Financial income | 75/76B | €554 | €136 | -€418 | -75.4% |
| Recurring financial income | 75 | €554 | €136 | -€418 | -75.4% |
| Financial charges | 65/66B | €8,346 | €250 | -€8,096 | -97.0% |
| Recurring financial charges | 65 | €8,346 | €250 | -€8,096 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €30,981 | €30,506 | -€474 | -1.5% |
| Income taxes | 67/77 | €8,015 | €4,500 | -€3,515 | -43.9% |
| Profit (loss) for the period | 9904 | €22,966 | €26,006 | +€3,041 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,966 | €26,006 | +€3,041 | +13.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.