F.J.B.: 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.J.B.
Largest movements
- Current investments -€149,283
down €149,283 (-80.7%), from €184,954 to €35,671
- Cash +€21,296
up €21,296 (+23.5%), from €90,685 to €111,982
mainly Current investments (+€149,283) and Net result for the year (+€129,692)
- Receivables within one year -€7,653
down €7,653 (-12.8%), from €59,996 to €52,343
- Tangible fixed assets +€5,712
up €5,712 (+130.5%), from €4,376 to €10,088
of which Furniture and vehicles: +€6,214
- Reserves -€207,955
down €207,955 (-81.9%), from €254,056 to €46,100
- Other debts +€118,987
up €118,987 (+2309.8%), from €5,151 to €124,139
- Tax, wage and social debts -€52,658
down €52,658 (-65.3%), from €80,659 to €28,001
of which Taxes: -€52,757
- Trade debts +€7,312
up €7,312 (+2413.5%), from €303 to €7,615
- Accrued charges and deferred income +€4,158
up €4,158 (+991.6%), from €419 to €4,577
- Gross operating margin +€27,481
up €27,481 (+20.7%), from €133,020 to €160,501
- Financial income +€5,642
up €5,642 (+117.2%), from €4,816 to €10,457
- Taxes +€4,623
up €4,623 (+15.8%), from €29,302 to €33,925
- Financial charges +€3,552
up €3,552 (+219.5%), from €1,619 to €5,171
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 | €340,688 | €210,531 | -€130,157 | -38.2% |
| Fixed assets | 21/28 | €4,376 | €10,088 | +€5,712 | +130.5% |
| Tangible fixed assets | 22/27 | €4,376 | €10,088 | +€5,712 | +130.5% |
| Plant, machinery and equipment | 23 | €2,304 | €1,801 | -€503 | -21.8% |
| Furniture and vehicles | 24 | €2,073 | €8,287 | +€6,214 | +299.8% |
| Current assets | 29/58 | €336,312 | €200,443 | -€135,868 | -40.4% |
| Amounts receivable within one year | 40/41 | €59,996 | €52,343 | -€7,653 | -12.8% |
| Trade receivables | 40 | €59,996 | €52,343 | -€7,653 | -12.8% |
| Current investments | 50/53 | €184,954 | €35,671 | -€149,283 | -80.7% |
| Cash at bank and in hand | 54/58 | €90,685 | €111,982 | +€21,296 | +23.5% |
| Deferred charges and accrued income | 490/1 | €676 | €448 | -€228 | -33.8% |
| Total equity and liabilities | 10/49 | €340,688 | €210,531 | -€130,157 | -38.2% |
| Equity | 10/15 | €254,156 | €46,200 | -€207,955 | -81.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €254,056 | €46,100 | -€207,955 | -81.9% |
| Distributable reserves | 133 | €254,056 | €46,100 | -€207,955 | -81.9% |
| Amounts payable | 17/49 | €86,532 | €164,331 | +€77,798 | +89.9% |
| Amounts payable within one year | 42/48 | €86,113 | €159,754 | +€73,641 | +85.5% |
| Trade debts | 44 | €303 | €7,615 | +€7,312 | +2413.5% |
| Suppliers | 440/4 | €303 | €7,615 | +€7,312 | +2413.5% |
| Taxes, remuneration and social security | 45 | €80,659 | €28,001 | -€52,658 | -65.3% |
| Taxes | 450/3 | €77,642 | €24,885 | -€52,757 | -67.9% |
| Remuneration and social security | 454/9 | €3,017 | €3,116 | +€99 | +3.3% |
| Other amounts payable | 47/48 | €5,151 | €124,139 | +€118,987 | +2309.8% |
| Accrued charges and deferred income | 492/3 | €419 | €4,577 | +€4,158 | +991.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €1,229 | +€357 | +40.9% |
| Other operating charges | 640/8 | €583 | €941 | +€358 | +61.4% |
| Gross operating margin | 9900 | €133,020 | €160,501 | +€27,481 | +20.7% |
| Operating profit (loss) | 9901 | €131,564 | €158,330 | +€26,766 | +20.3% |
| Financial income | 75/76B | €4,816 | €10,457 | +€5,642 | +117.2% |
| Recurring financial income | 75 | €4,816 | €10,457 | +€5,642 | +117.2% |
| Financial charges | 65/66B | €1,619 | €5,171 | +€3,552 | +219.5% |
| Recurring financial charges | 65 | €1,619 | €5,171 | +€3,552 | +219.5% |
| Profit (loss) for the period before taxes | 9903 | €134,761 | €163,617 | +€28,856 | +21.4% |
| Income taxes | 67/77 | €29,302 | €33,925 | +€4,623 | +15.8% |
| Profit (loss) for the period | 9904 | €105,460 | €129,692 | +€24,232 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,460 | €129,692 | +€24,232 | +23.0% |
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 9 October 2026 via checked.be.