F.I.: 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.I.
Largest movements
- Tangible fixed assets +€22,939
up €22,939 (+44.4%), from €51,688 to €74,627
of which Leasing and similar rights: +€17,393
- Stocks and contracts -€19,704
down €19,704 (-15.3%), from €129,186 to €109,482
- Deferred charges and accrued income +€3,154
new in 2025: €3,154
- Receivables within one year +€2,281
up €2,281 (+12.1%), from €18,817 to €21,098
of which Trade receivables: +€10,531
- Profit (loss) carried forward +€13,229
up €13,229 (+22.5%), from -€58,888 to -€45,659
- Short-term financial debts -€12,919
down €12,919 (-20.3%), from €63,503 to €50,584
of which Credit institutions: -€12,919
- Trade debts +€12,302
up €12,302 (+345.4%), from €3,562 to €15,864
- Other debts +€9,463
new in 2025: €9,463
- Tax, wage and social debts -€6,588
down €6,588 (-51.7%), from €12,731 to €6,143
of which Taxes: -€5,136
- Gross operating margin +€72,452
up €72,452, from -€3,389 to €69,063
- Staff costs +€9,347
up €9,347 (+68.3%), from €13,687 to €23,034
- Depreciation +€1,533
up €1,533 (+10.1%), from €15,185 to €16,718
- Other operating charges +€937
up €937 (+230.2%), from €407 to €1,344
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.
Cash bridge derived
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 | €206,905 | €215,385 | +€8,480 | +4.1% |
| Fixed assets | 21/28 | €57,628 | €80,377 | +€22,749 | +39.5% |
| Intangible fixed assets | 21 | €190 | - | -€190 | |
| Tangible fixed assets | 22/27 | €51,688 | €74,627 | +€22,939 | +44.4% |
| Plant, machinery and equipment | 23 | €15,143 | €26,078 | +€10,935 | +72.2% |
| Furniture and vehicles | 24 | €34,867 | €25,928 | -€8,939 | -25.6% |
| Leasing and similar rights | 25 | - | €17,393 | +€17,393 | |
| Other tangible fixed assets | 26 | €1,678 | €5,228 | +€3,550 | +211.6% |
| Financial fixed assets | 28 | €5,750 | €5,750 | = | 0.0% |
| Current assets | 29/58 | €149,277 | €135,008 | -€14,269 | -9.6% |
| Amounts receivable after more than one year | 29 | €1,274 | €1,274 | = | 0.0% |
| Other amounts receivable | 291 | €1,274 | €1,274 | = | 0.0% |
| Stocks and contracts in progress | 3 | €129,186 | €109,482 | -€19,704 | -15.3% |
| Stocks | 30/36 | €129,186 | €109,482 | -€19,704 | -15.3% |
| Amounts receivable within one year | 40/41 | €18,817 | €21,098 | +€2,281 | +12.1% |
| Trade receivables | 40 | €10,567 | €21,098 | +€10,531 | +99.7% |
| Other amounts receivable | 41 | €8,250 | - | -€8,250 | |
| Deferred charges and accrued income | 490/1 | - | €3,154 | +€3,154 | |
| Total equity and liabilities | 10/49 | €206,905 | €215,385 | +€8,480 | +4.1% |
| Equity | 10/15 | -€38,483 | -€25,254 | +€13,229 | +34.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,888 | -€45,659 | +€13,229 | +22.5% |
| Amounts payable | 17/49 | €245,388 | €240,639 | -€4,749 | -1.9% |
| Amounts payable after more than one year | 17 | €144,948 | €138,627 | -€6,321 | -4.4% |
| Financial debts | 170/4 | €144,948 | €138,627 | -€6,321 | -4.4% |
| Amounts payable within one year | 42/48 | €100,440 | €102,012 | +€1,572 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €20,644 | €19,958 | -€686 | -3.3% |
| Financial debts | 43 | €63,503 | €50,584 | -€12,919 | -20.3% |
| Credit institutions | 430/8 | €41,503 | €28,584 | -€12,919 | -31.1% |
| Other loans | 439 | €22,000 | €22,000 | = | 0.0% |
| Trade debts | 44 | €3,562 | €15,864 | +€12,302 | +345.4% |
| Suppliers | 440/4 | €3,562 | €15,864 | +€12,302 | +345.4% |
| Taxes, remuneration and social security | 45 | €12,731 | €6,143 | -€6,588 | -51.7% |
| Taxes | 450/3 | €10,885 | €5,749 | -€5,136 | -47.2% |
| Remuneration and social security | 454/9 | €1,846 | €394 | -€1,452 | -78.7% |
| Other amounts payable | 47/48 | - | €9,463 | +€9,463 | |
| Remuneration, social security and pensions | 62 | €13,687 | €23,034 | +€9,347 | +68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,185 | €16,718 | +€1,533 | +10.1% |
| Other operating charges | 640/8 | €407 | €1,344 | +€937 | +230.2% |
| Gross operating margin | 9900 | -€3,389 | €69,063 | +€72,452 | |
| Operating profit (loss) | 9901 | -€32,668 | €27,967 | +€60,635 | |
| Financial income | 75/76B | €364 | €127 | -€237 | -65.1% |
| Recurring financial income | 75 | €364 | €127 | -€237 | -65.1% |
| Financial charges | 65/66B | €14,127 | €14,758 | +€631 | +4.5% |
| Recurring financial charges | 65 | €14,127 | €14,758 | +€631 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€46,431 | €13,336 | +€59,767 | |
| Income taxes | 67/77 | €108 | €107 | -€1 | -0.9% |
| Profit (loss) for the period | 9904 | -€46,539 | €13,229 | +€59,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,539 | €13,229 | +€59,768 |
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 10 October 2026 via checked.be.