F.R.T. 2000: 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.R.T. 2000
Largest movements
- Receivables within one year -€15,354
down €15,354 (-48.6%), from €31,595 to €16,241
of which Other amounts receivable: -€14,467
- Cash +€14,088
up €14,088 (+9.1%), from €155,617 to €169,705
mainly Trade debts (+€17,669) and Receivables within one year (+€15,354)
- Deferred charges and accrued income +€6,150
up €6,150 (+59.9%), from €10,275 to €16,425
- Stocks and contracts +€3,199
up €3,199 (+3.4%), from €92,784 to €95,984
- Trade debts +€17,669
up €17,669 (+31.5%), from €56,030 to €73,699
- Other debts -€7,000
down €7,000 (-100%), from €7,000 to €0
- Tax, wage and social debts -€3,428
down €3,428 (-20.1%), from €17,035 to €13,607
of which Taxes: -€2,997
- Staff costs +€30,575
up €30,575 (+13.9%), from €220,650 to €251,224
- Gross operating margin +€27,927
up €27,927 (+12.1%), from €231,521 to €259,448
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 | €300,236 | €307,940 | +€7,704 | +2.6% |
| Formation expenses | 20 | €977 | €749 | -€229 | -23.4% |
| Fixed assets | 21/28 | €8,987 | €8,836 | -€152 | -1.7% |
| Tangible fixed assets | 22/27 | €1,145 | €993 | -€152 | -13.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,145 | €993 | -€152 | -13.2% |
| Financial fixed assets | 28 | €7,843 | €7,843 | = | 0.0% |
| Current assets | 29/58 | €290,272 | €298,355 | +€8,084 | +2.8% |
| Stocks and contracts in progress | 3 | €92,784 | €95,984 | +€3,199 | +3.4% |
| Stocks | 30/36 | €92,784 | €95,984 | +€3,199 | +3.4% |
| Amounts receivable within one year | 40/41 | €31,595 | €16,241 | -€15,354 | -48.6% |
| Trade receivables | 40 | €14,097 | €13,210 | -€887 | -6.3% |
| Other amounts receivable | 41 | €17,498 | €3,032 | -€14,467 | -82.7% |
| Cash at bank and in hand | 54/58 | €155,617 | €169,705 | +€14,088 | +9.1% |
| Deferred charges and accrued income | 490/1 | €10,275 | €16,425 | +€6,150 | +59.9% |
| Total equity and liabilities | 10/49 | €300,236 | €307,940 | +€7,704 | +2.6% |
| Equity | 10/15 | €219,971 | €220,385 | +€414 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,520 | €199,934 | +€414 | +0.2% |
| Amounts payable | 17/49 | €80,265 | €87,554 | +€7,289 | +9.1% |
| Amounts payable within one year | 42/48 | €80,065 | €87,306 | +€7,241 | +9.0% |
| Trade debts | 44 | €56,030 | €73,699 | +€17,669 | +31.5% |
| Suppliers | 440/4 | €56,030 | €73,699 | +€17,669 | +31.5% |
| Taxes, remuneration and social security | 45 | €17,035 | €13,607 | -€3,428 | -20.1% |
| Taxes | 450/3 | €3,192 | €196 | -€2,997 | -93.9% |
| Remuneration and social security | 454/9 | €13,843 | €13,411 | -€431 | -3.1% |
| Other amounts payable | 47/48 | €7,000 | €0 | -€7,000 | -100% |
| Accrued charges and deferred income | 492/3 | €200 | €248 | +€48 | +24.1% |
| Remuneration, social security and pensions | 62 | €220,650 | €251,224 | +€30,575 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €680 | €875 | +€195 | +28.6% |
| Other operating charges | 640/8 | €4,762 | €3,882 | -€880 | -18.5% |
| Non-recurring operating charges | 66A | €46 | - | -€46 | |
| Gross operating margin | 9900 | €231,521 | €259,448 | +€27,927 | +12.1% |
| Operating profit (loss) | 9901 | €5,383 | €3,467 | -€1,916 | -35.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,278 | €2,900 | -€378 | -11.5% |
| Recurring financial charges | 65 | €3,278 | €2,900 | -€378 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €2,105 | €568 | -€1,537 | -73.0% |
| Income taxes | 67/77 | €148 | €154 | +€6 | +4.2% |
| Profit (loss) for the period | 9904 | €1,957 | €414 | -€1,543 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,957 | €414 | -€1,543 | -78.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.