F.K.S.: 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.K.S.
Largest movements
- Tangible fixed assets -€44,392
down €44,392 (-3.3%), from €1.4m to €1.3m
- Cash -€20,849
down €20,849 (-25.2%), from €82,746 to €61,896
mainly Debts after one year (-€65,141) and Receivables within one year (-€1,803)
- Debts after one year -€65,141
down €65,141 (-29.7%), from €219,314 to €154,173
- Gross operating margin +€3,109
up €3,109 (+6.0%), from €51,955 to €55,065
- Financial charges +€1,025
up €1,025 (+44.0%), from €2,327 to €3,352
- Other operating charges +€1,015
up €1,015 (+26.0%), from €3,895 to €4,910
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 | €1,433,546 | €1,370,150 | -€63,396 | -4.4% |
| Fixed assets | 21/28 | €1,350,326 | €1,305,935 | -€44,392 | -3.3% |
| Tangible fixed assets | 22/27 | €1,350,326 | €1,305,935 | -€44,392 | -3.3% |
| Land and buildings | 22 | €1,350,326 | €1,305,935 | -€44,392 | -3.3% |
| Current assets | 29/58 | €83,220 | €64,215 | -€19,005 | -22.8% |
| Amounts receivable within one year | 40/41 | - | €1,803 | +€1,803 | |
| Other amounts receivable | 41 | - | €1,803 | +€1,803 | |
| Cash at bank and in hand | 54/58 | €82,746 | €61,896 | -€20,849 | -25.2% |
| Deferred charges and accrued income | 490/1 | €474 | €516 | +€42 | +8.8% |
| Total equity and liabilities | 10/49 | €1,433,546 | €1,370,150 | -€63,396 | -4.4% |
| Equity | 10/15 | €384,174 | €388,385 | +€4,211 | +1.1% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €244,819 | €239,662 | -€5,157 | -2.1% |
| Tax-exempt reserves | 132 | €110,007 | €104,850 | -€5,157 | -4.7% |
| Distributable reserves | 133 | €134,812 | €134,812 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,645 | -€201,277 | +€9,367 | +4.4% |
| Provisions and deferred taxes | 16 | €36,669 | €34,950 | -€1,719 | -4.7% |
| Deferred taxes | 168 | €36,669 | €34,950 | -€1,719 | -4.7% |
| Amounts payable | 17/49 | €1,012,703 | €946,814 | -€65,888 | -6.5% |
| Amounts payable after more than one year | 17 | €219,314 | €154,173 | -€65,141 | -29.7% |
| Financial debts | 170/4 | €219,314 | €154,173 | -€65,141 | -29.7% |
| Amounts payable within one year | 42/48 | €793,388 | €792,641 | -€747 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €14,994 | €15,141 | +€147 | +1.0% |
| Trade debts | 44 | €71 | €0 | -€71 | -100.0% |
| Suppliers | 440/4 | €71 | €0 | -€71 | -100.0% |
| Other amounts payable | 47/48 | €778,323 | €777,500 | -€823 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,392 | €44,392 | = | 0.0% |
| Other operating charges | 640/8 | €3,895 | €4,910 | +€1,015 | +26.0% |
| Gross operating margin | 9900 | €51,955 | €55,065 | +€3,109 | +6.0% |
| Operating profit (loss) | 9901 | €3,668 | €5,763 | +€2,095 | +57.1% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €2,327 | €3,352 | +€1,025 | +44.0% |
| Recurring financial charges | 65 | €2,327 | €3,352 | +€1,025 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €1,341 | €2,492 | +€1,151 | +85.8% |
| Transfer from deferred taxes | 780 | €1,719 | €1,719 | = | 0.0% |
| Profit (loss) for the period | 9904 | €3,060 | €4,211 | +€1,151 | +37.6% |
| Transfer from tax-exempt reserves | 789 | €5,157 | €5,157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,217 | €9,367 | +€1,151 | +14.0% |
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.