F.J.A.: what changed
Two fiscal 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.J.A.
Largest movements
- Cash +€48,082
up €48,082 (+64.1%), from €75,034 to €123,117
mainly Net result for the year (+€35,980) and Other debts (+€34,765)
- Tangible fixed assets -€10,490
down €10,490 (-23.9%), from €43,807 to €33,316
- Financial fixed assets +€2,680
up €2,680 (+103.1%), from €2,600 to €5,280
- Stocks and contracts -€2,098
down €2,098 (-15.6%), from €13,449 to €11,351
- Other debts +€34,765
up €34,765 (+131.7%), from €26,397 to €61,162
- Tax, wage and social debts +€4,707
up €4,707 (+36.4%), from €12,933 to €17,640
of which Taxes: +€4,173
- Debts after one year -€4,168
down €4,168 (-15.1%), from €27,558 to €23,389
- Profit (loss) carried forward +€3,614
no longer reported in 2025 (was -€3,614)
- Gross operating margin +€53,748
up €53,748 (+49.2%), from €109,209 to €162,957
- Staff costs +€9,334
up €9,334 (+9.6%), from €97,465 to €106,800
- Taxes +€4,696
up €4,696, from -€5 to €4,691
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
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 | €137,544 | €176,587 | +€39,043 | +28.4% |
| Fixed assets | 21/28 | €46,407 | €38,596 | -€7,810 | -16.8% |
| Tangible fixed assets | 22/27 | €43,807 | €33,316 | -€10,490 | -23.9% |
| Land and buildings | 22 | €16,629 | €12,329 | -€4,300 | -25.9% |
| Plant, machinery and equipment | 23 | €8,885 | €6,768 | -€2,118 | -23.8% |
| Furniture and vehicles | 24 | €17,123 | €13,635 | -€3,488 | -20.4% |
| Other tangible fixed assets | 26 | €1,170 | €585 | -€585 | -50.0% |
| Financial fixed assets | 28 | €2,600 | €5,280 | +€2,680 | +103.1% |
| Current assets | 29/58 | €91,137 | €137,991 | +€46,854 | +51.4% |
| Stocks and contracts in progress | 3 | €13,449 | €11,351 | -€2,098 | -15.6% |
| Stocks | 30/36 | €13,449 | €11,351 | -€2,098 | -15.6% |
| Amounts receivable within one year | 40/41 | €701 | €1,038 | +€337 | +48.2% |
| Other amounts receivable | 41 | €701 | €1,038 | +€337 | +48.2% |
| Cash at bank and in hand | 54/58 | €75,034 | €123,117 | +€48,082 | +64.1% |
| Deferred charges and accrued income | 490/1 | €1,953 | €2,485 | +€532 | +27.2% |
| Total equity and liabilities | 10/49 | €137,544 | €176,587 | +€39,043 | +28.4% |
| Equity | 10/15 | €55,568 | €57,618 | +€2,050 | +3.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €38,730 | €37,167 | -€1,563 | -4.0% |
| Distributable reserves | 133 | €38,730 | €37,167 | -€1,563 | -4.0% |
| Profit (loss) carried forward | 14 | -€3,614 | - | +€3,614 | |
| Amounts payable | 17/49 | €81,976 | €118,969 | +€36,993 | +45.1% |
| Amounts payable after more than one year | 17 | €27,558 | €23,389 | -€4,168 | -15.1% |
| Financial debts | 170/4 | €27,558 | €23,389 | -€4,168 | -15.1% |
| Amounts payable within one year | 42/48 | €54,419 | €95,569 | +€41,151 | +75.6% |
| Current portion of amounts payable after more than one year | 42 | €3,988 | €4,168 | +€181 | +4.5% |
| Trade debts | 44 | €11,101 | €12,599 | +€1,498 | +13.5% |
| Suppliers | 440/4 | €11,101 | €12,599 | +€1,498 | +13.5% |
| Taxes, remuneration and social security | 45 | €12,933 | €17,640 | +€4,707 | +36.4% |
| Taxes | 450/3 | €1,541 | €5,714 | +€4,173 | +270.8% |
| Remuneration and social security | 454/9 | €11,392 | €11,926 | +€534 | +4.7% |
| Other amounts payable | 47/48 | €26,397 | €61,162 | +€34,765 | +131.7% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €97,465 | €106,800 | +€9,334 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,300 | €12,047 | +€748 | +6.6% |
| Other operating charges | 640/8 | €937 | €535 | -€402 | -42.9% |
| Gross operating margin | 9900 | €109,209 | €162,957 | +€53,748 | +49.2% |
| Operating profit (loss) | 9901 | -€493 | €43,575 | +€44,068 | |
| Financial income | 75/76B | €11 | €9 | -€1 | -13.2% |
| Recurring financial income | 75 | €11 | €9 | -€1 | -13.2% |
| Financial charges | 65/66B | €4,340 | €2,913 | -€1,426 | -32.9% |
| Recurring financial charges | 65 | €4,340 | €2,913 | -€1,426 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,822 | €40,671 | +€45,493 | |
| Income taxes | 67/77 | -€5 | €4,691 | +€4,696 | |
| Profit (loss) for the period | 9904 | -€4,817 | €35,980 | +€40,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,817 | €35,980 | +€40,797 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.