F³ Finance: 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.
F³ Finance
Largest movements
- Cash -€1.2m
no longer reported in 2025 (was €1.2m)
- Receivables within one year -€752,044
no longer reported in 2025 (was €752,044)
of which Trade receivables: -€564,644
- Deferred charges and accrued income -€59,586
no longer reported in 2025 (was €59,586)
- Reserves -€1.3m
no longer reported in 2025 (was €1.3m)
of which Distributable reserves: -€1.2m
- Contributions -€250,000
no longer reported in 2025 (was €250,000)
- Tax, wage and social debts -€168,665
no longer reported in 2025 (was €168,665)
of which Remuneration and social security: -€168,665
- Other debts -€157,996
no longer reported in 2025 (was €157,996)
- Trade debts -€129,096
no longer reported in 2025 (was €129,096)
- Gross operating margin -€965,772
no longer reported in 2025 (was €965,772)
- Staff costs -€721,972
no longer reported in 2025 (was €721,972)
- Taxes -€73,202
no longer reported in 2025 (was €73,202)
- Financial income -€33,209
no longer reported in 2025 (was €33,209)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €1,980,249 | - | -€2.0m | |
| Fixed assets | 21/28 | €10,249 | - | -€10,249 | |
| Tangible fixed assets | 22/27 | €9,249 | - | -€9,249 | |
| Furniture and vehicles | 24 | €9,249 | - | -€9,249 | |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €1,970,000 | - | -€2.0m | |
| Amounts receivable within one year | 40/41 | €752,044 | - | -€752,044 | |
| Trade receivables | 40 | €564,644 | - | -€564,644 | |
| Other amounts receivable | 41 | €187,400 | - | -€187,400 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,158,370 | - | -€1.2m | |
| Deferred charges and accrued income | 490/1 | €59,586 | - | -€59,586 | |
| Total equity and liabilities | 10/49 | €1,980,249 | - | -€2.0m | |
| Equity | 10/15 | €1,524,465 | - | -€1.5m | |
| Contributions | 10/11 | €250,000 | - | -€250,000 | |
| Capital | 10 | €250,000 | - | -€250,000 | |
| Issued capital | 100 | €250,000 | - | -€250,000 | |
| Reserves | 13 | €1,274,465 | - | -€1.3m | |
| Non-distributable reserves | 130/1 | €25,000 | - | -€25,000 | |
| Legal reserve | 130 | €25,000 | - | -€25,000 | |
| Distributable reserves | 133 | €1,249,465 | - | -€1.2m | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €455,784 | - | -€455,784 | |
| Amounts payable within one year | 42/48 | €455,784 | - | -€455,784 | |
| Financial debts | 43 | €27 | - | -€27 | |
| Credit institutions | 430/8 | €27 | - | -€27 | |
| Trade debts | 44 | €129,096 | - | -€129,096 | |
| Suppliers | 440/4 | €129,096 | - | -€129,096 | |
| Taxes, remuneration and social security | 45 | €168,665 | - | -€168,665 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €168,665 | - | -€168,665 | |
| Other amounts payable | 47/48 | €157,996 | - | -€157,996 | |
| Remuneration, social security and pensions | 62 | €721,972 | - | -€721,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,637 | - | -€3,637 | |
| Other operating charges | 640/8 | €3,513 | - | -€3,513 | |
| Gross operating margin | 9900 | €965,772 | - | -€965,772 | |
| Operating profit (loss) | 9901 | €236,650 | - | -€236,650 | |
| Financial income | 75/76B | €33,209 | - | -€33,209 | |
| Recurring financial income | 75 | €33,209 | - | -€33,209 | |
| Financial charges | 65/66B | €7,367 | - | -€7,367 | |
| Recurring financial charges | 65 | €7,367 | - | -€7,367 | |
| Profit (loss) for the period before taxes | 9903 | €262,492 | - | -€262,492 | |
| Income taxes | 67/77 | €73,202 | - | -€73,202 | |
| Profit (loss) for the period | 9904 | €189,290 | - | -€189,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €189,290 | - | -€189,290 |
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 24 October 2026 via checked.be.