F & K Invest: what changed
F & K Invest
Largest movements
- Tangible fixed assets +€310,728
up €310,728 (+2,855%), from €10,882 to €321,610
of which Land and buildings: +€289,708
- Receivables within one year +€165,935
up €165,935 (+486%), from €34,123 to €200,058
of which Other amounts receivable: +€198,981
- Cash +€20,859
up €20,859 (+51.5%), from €40,530 to €61,389
mainly Debts after one year (+€448,348) and Depreciation (+€57,297)
- Debts after one year +€448,348
new in 2025: €448,348
- Reserves +€31,179
up €31,179 (+55.0%), from €56,734 to €87,913
- Current portion of long-term debt +€25,933
new in 2025: €25,933
- Tax, wage and social debts -€11,449
down €11,449 (-52.4%), from €21,840 to €10,391
- Depreciation +€55,285
up €55,285 (+2,747%), from €2,013 to €57,297
- Gross operating margin +€34,286
up €34,286 (+45.7%), from €75,084 to €109,370
- Financial charges +€8,697
up €8,697 (+787%), from €1,106 to €9,802
- Taxes -€4,568
down €4,568 (-30.2%), from €15,120 to €10,552
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,429 | €585,746 | +€497,318 | +562% |
| Fixed assets | 21/28 | €10,882 | €321,610 | +€310,728 | +2,855% |
| Tangible fixed assets | 22/27 | €10,882 | €321,610 | +€310,728 | +2,855% |
| Land and buildings | 22 | €1,810 | €291,519 | +€289,708 | +16,002% |
| Plant, machinery and equipment | 23 | €1,498 | €2,892 | +€1,394 | +93.0% |
| Furniture and vehicles | 24 | €7,573 | €27,199 | +€19,626 | +259% |
| Current assets | 29/58 | €77,547 | €264,137 | +€186,590 | +241% |
| Amounts receivable within one year | 40/41 | €34,123 | €200,058 | +€165,935 | +486% |
| Trade receivables | 40 | €33,988 | €942 | -€33,046 | -97.2% |
| Other amounts receivable | 41 | €135 | €199,115 | +€198,981 | +147,875% |
| Cash at bank and in hand | 54/58 | €40,530 | €61,389 | +€20,859 | +51.5% |
| Deferred charges and accrued income | 490/1 | €2,893 | €2,690 | -€204 | -7.0% |
| Total equity and liabilities | 10/49 | €88,429 | €585,746 | +€497,318 | +562% |
| Equity | 10/15 | €61,734 | €92,913 | +€31,179 | +50.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,734 | €87,913 | +€31,179 | +55.0% |
| Distributable reserves | 133 | €56,734 | €87,913 | +€31,179 | +55.0% |
| Amounts payable | 17/49 | €26,695 | €492,833 | +€466,139 | +1,746% |
| Amounts payable after more than one year | 17 | - | €448,348 | +€448,348 | |
| Financial debts | 170/4 | - | €448,348 | +€448,348 | |
| Amounts payable within one year | 42/48 | €26,695 | €44,485 | +€17,791 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | - | €25,933 | +€25,933 | |
| Trade debts | 44 | €4,854 | €8,162 | +€3,307 | +68.1% |
| Suppliers | 440/4 | €4,854 | €8,162 | +€3,307 | +68.1% |
| Taxes, remuneration and social security | 45 | €21,840 | €10,391 | -€11,449 | -52.4% |
| Taxes | 450/3 | €21,840 | €10,391 | -€11,449 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €57,297 | +€55,285 | +2,747% |
| Other operating charges | 640/8 | €111 | €540 | +€428 | +385% |
| Gross operating margin | 9900 | €75,084 | €109,370 | +€34,286 | +45.7% |
| Operating profit (loss) | 9901 | €72,960 | €51,533 | -€21,427 | -29.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,106 | €9,802 | +€8,697 | +787% |
| Recurring financial charges | 65 | €1,106 | €9,802 | +€8,697 | +787% |
| Profit (loss) for the period before taxes | 9903 | €71,854 | €41,731 | -€30,123 | -41.9% |
| Income taxes | 67/77 | €15,120 | €10,552 | -€4,568 | -30.2% |
| Profit (loss) for the period | 9904 | €56,734 | €31,179 | -€25,555 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,734 | €31,179 | -€25,555 | -45.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.