F&L Management: 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&L Management
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€10,937
down €10,937 (-29.7%), from €36,774 to €25,837
- Tax, wage and social debts +€6,766
up €6,766 (+126.0%), from €5,371 to €12,137
of which Taxes: +€4,754
- Profit (loss) carried forward +€4,832
up €4,832 (+1090.3%), from €443 to €5,275
- Gross operating margin -€4,605
down €4,605 (-35.0%), from €13,140 to €8,535
- Taxes -€1,055
down €1,055 (-39.3%), from €2,683 to €1,628
- Staff costs -€417
no longer reported in 2025 (was €417)
- Other operating charges +€400
up €400 (+137.0%), from €292 to €692
- Financial charges -€317
down €317 (-18.6%), from €1,700 to €1,383
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 | €100,000 | €100,072 | +€72 | +0.1% |
| Fixed assets | 21/28 | €100,000 | €100,000 | = | 0.0% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | - | €72 | +€72 | |
| Cash at bank and in hand | 54/58 | - | €72 | +€72 | |
| Total equity and liabilities | 10/49 | €100,000 | €100,072 | +€72 | +0.1% |
| Equity | 10/15 | €26,443 | €31,275 | +€4,832 | +18.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443 | €5,275 | +€4,832 | +1090.3% |
| Amounts payable | 17/49 | €73,557 | €68,797 | -€4,760 | -6.5% |
| Amounts payable after more than one year | 17 | €36,774 | €25,837 | -€10,937 | -29.7% |
| Financial debts | 170/4 | €36,774 | €25,837 | -€10,937 | -29.7% |
| Amounts payable within one year | 42/48 | €36,783 | €42,960 | +€6,178 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €10,616 | €10,937 | +€322 | +3.0% |
| Financial debts | 43 | €953 | - | -€953 | |
| Credit institutions | 430/8 | €953 | - | -€953 | |
| Trade debts | 44 | €1,013 | €1,468 | +€455 | +44.9% |
| Suppliers | 440/4 | €1,013 | €1,468 | +€455 | +44.9% |
| Taxes, remuneration and social security | 45 | €5,371 | €12,137 | +€6,766 | +126.0% |
| Taxes | 450/3 | €3,871 | €8,624 | +€4,754 | +122.8% |
| Remuneration and social security | 454/9 | €1,500 | €3,513 | +€2,013 | +134.2% |
| Other amounts payable | 47/48 | €18,830 | €18,418 | -€412 | -2.2% |
| Remuneration, social security and pensions | 62 | €417 | - | -€417 | |
| Other operating charges | 640/8 | €292 | €692 | +€400 | +137.0% |
| Gross operating margin | 9900 | €13,140 | €8,535 | -€4,605 | -35.0% |
| Operating profit (loss) | 9901 | €12,431 | €7,843 | -€4,588 | -36.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,700 | €1,383 | -€317 | -18.6% |
| Recurring financial charges | 65 | €1,700 | €1,383 | -€317 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €10,731 | €6,459 | -€4,271 | -39.8% |
| Income taxes | 67/77 | €2,683 | €1,628 | -€1,055 | -39.3% |
| Profit (loss) for the period | 9904 | €8,048 | €4,832 | -€3,216 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,048 | €4,832 | -€3,216 | -40.0% |
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 11 October 2026 via checked.be.