F&K PARTNERS: 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&K PARTNERS
Largest movements
- Cash +€168,365
up €168,365 (+23.4%), from €720,234 to €888,599
mainly Net result for the year (+€480,261) and Receivables after one year (+€90,000)
- Receivables after one year -€90,000
down €90,000 (-9.3%), from €970,160 to €880,160
of which Other amounts receivable: -€90,000
- Receivables within one year +€76,171
up €76,171 (+14.5%), from €526,992 to €603,163
of which Trade receivables: +€76,189
- Reserves +€101,300
up €101,300 (+4.6%), from €2.2m to €2.3m
of which Distributable reserves: +€101,300
- Trade debts +€31,378
up €31,378 (+2,468%), from €1,271 to €32,649
No income-statement line moved by more than 1% of the activity.
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.
Derived cash bridge
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 | €2,286,579 | €2,421,089 | +€134,510 | +5.9% |
| Fixed assets | 21/28 | €51,178 | €38,192 | -€12,986 | -25.4% |
| Tangible fixed assets | 22/27 | €50,893 | €37,907 | -€12,986 | -25.5% |
| Land and buildings | 22 | €28,655 | €23,684 | -€4,971 | -17.3% |
| Furniture and vehicles | 24 | €17,925 | €11,818 | -€6,107 | -34.1% |
| Other tangible fixed assets | 26 | €4,313 | €2,404 | -€1,909 | -44.3% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €2,235,401 | €2,382,897 | +€147,496 | +6.6% |
| Amounts receivable after more than one year | 29 | €970,160 | €880,160 | -€90,000 | -9.3% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €970,160 | €880,160 | -€90,000 | -9.3% |
| Amounts receivable within one year | 40/41 | €526,992 | €603,163 | +€76,171 | +14.5% |
| Trade receivables | 40 | €526,829 | €603,018 | +€76,189 | +14.5% |
| Other amounts receivable | 41 | €163 | €145 | -€18 | -10.8% |
| Cash at bank and in hand | 54/58 | €720,234 | €888,599 | +€168,365 | +23.4% |
| Deferred charges and accrued income | 490/1 | €18,015 | €10,975 | -€7,040 | -39.1% |
| Total equity and liabilities | 10/49 | €2,286,579 | €2,421,089 | +€134,510 | +5.9% |
| Equity | 10/15 | €2,201,068 | €2,302,368 | +€101,300 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,193,992 | €2,295,292 | +€101,300 | +4.6% |
| Tax-exempt reserves | 132 | €761 | €761 | = | 0.0% |
| Distributable reserves | 133 | €2,193,230 | €2,294,531 | +€101,300 | +4.6% |
| Profit (loss) carried forward | 14 | €876 | €876 | = | 0.0% |
| Amounts payable | 17/49 | €85,511 | €118,721 | +€33,210 | +38.8% |
| Amounts payable within one year | 42/48 | €85,511 | €118,721 | +€33,210 | +38.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,271 | €32,649 | +€31,378 | +2,468% |
| Suppliers | 440/4 | €1,271 | €32,649 | +€31,378 | +2,468% |
| Taxes, remuneration and social security | 45 | €79,451 | €79,856 | +€405 | +0.5% |
| Taxes | 450/3 | €79,451 | €79,856 | +€405 | +0.5% |
| Other amounts payable | 47/48 | €4,789 | €6,216 | +€1,427 | +29.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €579 | €0 | -€579 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,702 | €13,096 | -€4,607 | -26.0% |
| Other operating charges | 640/8 | €1,677 | €1,544 | -€133 | -7.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €698,475 | €695,811 | -€2,663 | -0.4% |
| Operating profit (loss) | 9901 | €678,516 | €681,172 | +€2,656 | +0.4% |
| Financial income | 75/76B | €22,365 | €22,444 | +€79 | +0.4% |
| Recurring financial income | 75 | €22,365 | €22,444 | +€79 | +0.4% |
| Financial charges | 65/66B | €147 | €257 | +€110 | +75.3% |
| Recurring financial charges | 65 | €147 | €257 | +€110 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €700,735 | €703,359 | +€2,624 | +0.4% |
| Income taxes | 67/77 | €223,482 | €223,098 | -€384 | -0.2% |
| Profit (loss) for the period | 9904 | €477,253 | €480,261 | +€3,008 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €477,253 | €480,261 | +€3,008 | +0.6% |
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 18 October 2026 via checked.be.