F&J Shuttle: 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 Shuttle
Largest movements
- Receivables within one year +€16,359
up €16,359 (+626.9%), from €2,610 to €18,969
of which Trade receivables: +€17,334
- Tangible fixed assets -€3,585
no longer reported in 2025 (was €3,585)
- Cash +€1,926
up €1,926 (+6.6%), from €29,232 to €31,157
mainly Trade debts (+€12,152) and Depreciation (+€3,585)
- Deferred charges and accrued income -€1,563
no longer reported in 2025 (was €1,563)
- Trade debts +€12,152
up €12,152 (+1030.0%), from €1,180 to €13,332
- Tax, wage and social debts -€3,352
down €3,352 (-98.5%), from €3,401 to €50
- Profit (loss) carried forward +€3,295
up €3,295 (+17.0%), from €19,359 to €22,654
- Other debts +€1,042
up €1,042 (+322.6%), from €323 to €1,365
- Gross operating margin +€8,752
up €8,752, from -€5 to €8,747
- Other operating charges +€873
up €873 (+100.5%), from €868 to €1,741
- Financial income -€391
no longer reported in 2025 (was €391)
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 | €36,989 | €50,126 | +€13,137 | +35.5% |
| Fixed assets | 21/28 | €3,585 | - | -€3,585 | |
| Tangible fixed assets | 22/27 | €3,585 | - | -€3,585 | |
| Furniture and vehicles | 24 | €3,585 | - | -€3,585 | |
| Current assets | 29/58 | €33,404 | €50,126 | +€16,722 | +50.1% |
| Amounts receivable within one year | 40/41 | €2,610 | €18,969 | +€16,359 | +626.9% |
| Trade receivables | 40 | €1,282 | €18,616 | +€17,334 | +1352.3% |
| Other amounts receivable | 41 | €1,328 | €353 | -€975 | -73.4% |
| Cash at bank and in hand | 54/58 | €29,232 | €31,157 | +€1,926 | +6.6% |
| Deferred charges and accrued income | 490/1 | €1,563 | - | -€1,563 | |
| Total equity and liabilities | 10/49 | €36,989 | €50,126 | +€13,137 | +35.5% |
| Equity | 10/15 | €32,084 | €35,379 | +€3,295 | +10.3% |
| Contributions | 10/11 | €12,725 | €12,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,359 | €22,654 | +€3,295 | +17.0% |
| Amounts payable | 17/49 | €4,904 | €14,747 | +€9,843 | +200.7% |
| Amounts payable within one year | 42/48 | €4,904 | €14,747 | +€9,843 | +200.7% |
| Trade debts | 44 | €1,180 | €13,332 | +€12,152 | +1030.0% |
| Suppliers | 440/4 | €1,180 | €13,332 | +€12,152 | +1030.0% |
| Taxes, remuneration and social security | 45 | €3,401 | €50 | -€3,352 | -98.5% |
| Taxes | 450/3 | €3,401 | €50 | -€3,352 | -98.5% |
| Other amounts payable | 47/48 | €323 | €1,365 | +€1,042 | +322.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,595 | €3,585 | -€10 | -0.3% |
| Other operating charges | 640/8 | €868 | €1,741 | +€873 | +100.5% |
| Gross operating margin | 9900 | -€5 | €8,747 | +€8,752 | |
| Operating profit (loss) | 9901 | -€4,468 | €3,421 | +€7,889 | |
| Financial income | 75/76B | €391 | - | -€391 | |
| Recurring financial income | 75 | €391 | - | -€391 | |
| Financial charges | 65/66B | €100 | €77 | -€24 | -23.6% |
| Recurring financial charges | 65 | €100 | €77 | -€24 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,178 | €3,344 | +€7,522 | |
| Income taxes | 67/77 | - | €50 | +€50 | |
| Profit (loss) for the period | 9904 | -€4,178 | €3,295 | +€7,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,178 | €3,295 | +€7,472 |
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 9 October 2026 via checked.be.