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
- Receivables after one year -€400,000
down €400,000 (-40.0%), from €1.0m to €600,000
- Cash +€211,458
up €211,458 (+9,985%), from €2,118 to €213,576
mainly Receivables after one year (+€400,000) and Deferred charges and accrued income (+€4,834)
- Receivables within one year +€144,801
up €144,801 (+67.1%), from €215,645 to €360,446
of which Other amounts receivable: +€150,281
- Other debts -€24,071
down €24,071 (-28.9%), from €83,217 to €59,146
- Reserves -€22,970
down €22,970 (-2.1%), from €1.1m to €1.1m
of which Distributable reserves: -€22,970
- Gross operating margin +€30,987
up €30,987 (+49.2%), from -€63,007 to -€32,020
- Financial income -€15,207
down €15,207 (-60.3%), from €25,207 to €10,000
- Other operating charges +€706
up €706 (+6,106%), from €12 to €718
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 | €1,222,597 | €1,174,022 | -€48,575 | -4.0% |
| Current assets | 29/58 | €1,222,597 | €1,174,022 | -€48,575 | -4.0% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €600,000 | -€400,000 | -40.0% |
| Other amounts receivable | 291 | €1,000,000 | €600,000 | -€400,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €215,645 | €360,446 | +€144,801 | +67.1% |
| Trade receivables | 40 | €20,000 | €14,520 | -€5,480 | -27.4% |
| Other amounts receivable | 41 | €195,645 | €345,926 | +€150,281 | +76.8% |
| Cash at bank and in hand | 54/58 | €2,118 | €213,576 | +€211,458 | +9,985% |
| Deferred charges and accrued income | 490/1 | €4,834 | - | -€4,834 | |
| Total equity and liabilities | 10/49 | €1,222,597 | €1,174,022 | -€48,575 | -4.0% |
| Equity | 10/15 | €1,111,739 | €1,088,769 | -€22,970 | -2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,099,339 | €1,076,369 | -€22,970 | -2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,097,479 | €1,074,509 | -€22,970 | -2.1% |
| Amounts payable | 17/49 | €110,858 | €85,253 | -€25,605 | -23.1% |
| Amounts payable within one year | 42/48 | €110,858 | €85,253 | -€25,605 | -23.1% |
| Trade debts | 44 | €26,700 | €25,927 | -€773 | -2.9% |
| Suppliers | 440/4 | €26,700 | €25,927 | -€773 | -2.9% |
| Taxes, remuneration and social security | 45 | €941 | €180 | -€761 | -80.9% |
| Taxes | 450/3 | €941 | €180 | -€761 | -80.9% |
| Other amounts payable | 47/48 | €83,217 | €59,146 | -€24,071 | -28.9% |
| Other operating charges | 640/8 | €12 | €718 | +€706 | +6,106% |
| Gross operating margin | 9900 | -€63,007 | -€32,020 | +€30,987 | +49.2% |
| Operating profit (loss) | 9901 | -€63,019 | -€32,738 | +€30,281 | +48.1% |
| Financial income | 75/76B | €25,207 | €10,000 | -€15,207 | -60.3% |
| Recurring financial income | 75 | €25,207 | €10,000 | -€15,207 | -60.3% |
| Financial charges | 65/66B | €222 | €156 | -€66 | -29.9% |
| Recurring financial charges | 65 | €222 | €156 | -€66 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€38,035 | -€22,894 | +€15,141 | +39.8% |
| Income taxes | 67/77 | €324 | €76 | -€248 | -76.6% |
| Profit (loss) for the period | 9904 | -€38,359 | -€22,970 | +€15,389 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,359 | -€22,970 | +€15,389 | +40.1% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.