F.L.: 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.L.
Largest movements
- Cash +€7,736
up €7,736 (+9.6%), from €80,409 to €88,144
mainly Net result for the year (+€9,689)
- Profit (loss) carried forward +€9,689
up €9,689 (+5.5%), from €177,086 to €186,775
- Taxes -€2,014
down €2,014 (-49.7%), from €4,054 to €2,040
- Gross operating margin +€1,965
up €1,965 (+15.4%), from €12,749 to €14,713
- Other operating charges -€1,858
down €1,858 (-38.0%), from €4,893 to €3,035
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 | €415,527 | €425,216 | +€9,689 | +2.3% |
| Fixed assets | 21/28 | €334,265 | €334,265 | = | 0.0% |
| Tangible fixed assets | 22/27 | €37,390 | €37,390 | = | 0.0% |
| Land and buildings | 22 | €37,390 | €37,390 | = | 0.0% |
| Financial fixed assets | 28 | €296,875 | €296,875 | = | 0.0% |
| Current assets | 29/58 | €81,262 | €90,951 | +€9,689 | +11.9% |
| Amounts receivable within one year | 40/41 | €853 | €2,806 | +€1,953 | +229.1% |
| Other amounts receivable | 41 | €853 | €2,806 | +€1,953 | +229.1% |
| Cash at bank and in hand | 54/58 | €80,409 | €88,144 | +€7,736 | +9.6% |
| Total equity and liabilities | 10/49 | €415,527 | €425,216 | +€9,689 | +2.3% |
| Equity | 10/15 | €401,242 | €410,931 | +€9,689 | +2.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €157,265 | €157,265 | = | 0.0% |
| Reserves | 13 | €5,391 | €5,391 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,391 | €5,391 | = | 0.0% |
| Legal reserve | 130 | €5,391 | €5,391 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,086 | €186,775 | +€9,689 | +5.5% |
| Provisions and deferred taxes | 16 | €14,285 | €14,285 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,285 | €14,285 | = | 0.0% |
| Major repairs and maintenance | 162 | €14,285 | €14,285 | = | 0.0% |
| Other operating charges | 640/8 | €4,893 | €3,035 | -€1,858 | -38.0% |
| Gross operating margin | 9900 | €12,749 | €14,713 | +€1,965 | +15.4% |
| Operating profit (loss) | 9901 | €7,855 | €11,678 | +€3,823 | +48.7% |
| Financial income | 75/76B | €379 | €381 | +€2 | +0.6% |
| Recurring financial income | 75 | €379 | €381 | +€2 | +0.6% |
| Financial charges | 65/66B | €319 | €331 | +€11 | +3.6% |
| Recurring financial charges | 65 | €319 | €331 | +€11 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €7,915 | €11,729 | +€3,814 | +48.2% |
| Income taxes | 67/77 | €4,054 | €2,040 | -€2,014 | -49.7% |
| Profit (loss) for the period | 9904 | €3,861 | €9,689 | +€5,828 | +150.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,861 | €9,689 | +€5,828 | +150.9% |
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 30 September 2026 via checked.be.