F&S: 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&S
Largest movements
- Deferred charges and accrued income -€11,277
down €11,277 (-87.6%), from €12,877 to €1,600
- Cash +€3,821
up €3,821 (+115.8%), from €3,301 to €7,122
mainly Deferred charges and accrued income (+€11,277) and Depreciation (+€2,175)
- Tangible fixed assets -€2,175
down €2,175 (-16.8%), from €12,971 to €10,796
of which Furniture and vehicles: -€1,202
- Receivables within one year +€464
up €464 (+5.9%), from €7,914 to €8,378
of which Trade receivables: +€416
- Trade debts -€4,272
down €4,272 (-53.0%), from €8,062 to €3,790
- Debts after one year -€4,136
down €4,136 (-70.0%), from €5,913 to €1,777
- Tax, wage and social debts -€2,976
down €2,976 (-67.5%), from €4,405 to €1,430
of which Taxes: -€1,646
- Accrued charges and deferred income +€1,745
new in 2025: €1,745
- Gross operating margin -€2,306
down €2,306 (-28.2%), from €8,177 to €5,872
- Other operating charges -€1,534
down €1,534 (-62.3%), from €2,461 to €927
- Financial charges +€126
up €126 (+5.6%), from €2,230 to €2,356
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 | €37,063 | €27,896 | -€9,167 | -24.7% |
| Fixed assets | 21/28 | €12,971 | €10,796 | -€2,175 | -16.8% |
| Tangible fixed assets | 22/27 | €12,971 | €10,796 | -€2,175 | -16.8% |
| Furniture and vehicles | 24 | €4,598 | €3,396 | -€1,202 | -26.1% |
| Other tangible fixed assets | 26 | €8,373 | €7,400 | -€972 | -11.6% |
| Current assets | 29/58 | €24,092 | €17,100 | -€6,992 | -29.0% |
| Amounts receivable within one year | 40/41 | €7,914 | €8,378 | +€464 | +5.9% |
| Trade receivables | 40 | €7,914 | €8,330 | +€416 | +5.3% |
| Other amounts receivable | 41 | - | €48 | +€48 | |
| Cash at bank and in hand | 54/58 | €3,301 | €7,122 | +€3,821 | +115.8% |
| Deferred charges and accrued income | 490/1 | €12,877 | €1,600 | -€11,277 | -87.6% |
| Total equity and liabilities | 10/49 | €37,063 | €27,896 | -€9,167 | -24.7% |
| Equity | 10/15 | €14,561 | €14,833 | +€272 | +1.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,561 | €11,833 | +€272 | +2.4% |
| Amounts payable | 17/49 | €22,502 | €13,063 | -€9,439 | -41.9% |
| Amounts payable after more than one year | 17 | €5,913 | €1,777 | -€4,136 | -70.0% |
| Financial debts | 170/4 | €5,913 | €1,777 | -€4,136 | -70.0% |
| Amounts payable within one year | 42/48 | €16,589 | €9,542 | -€7,047 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €3,962 | €4,136 | +€174 | +4.4% |
| Trade debts | 44 | €8,062 | €3,790 | -€4,272 | -53.0% |
| Suppliers | 440/4 | €8,062 | €3,790 | -€4,272 | -53.0% |
| Taxes, remuneration and social security | 45 | €4,405 | €1,430 | -€2,976 | -67.5% |
| Taxes | 450/3 | €2,391 | €745 | -€1,646 | -68.8% |
| Remuneration and social security | 454/9 | €2,014 | €685 | -€1,329 | -66.0% |
| Other amounts payable | 47/48 | €160 | €186 | +€26 | +16.4% |
| Accrued charges and deferred income | 492/3 | - | €1,745 | +€1,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,122 | €2,175 | +€53 | +2.5% |
| Other operating charges | 640/8 | €2,461 | €927 | -€1,534 | -62.3% |
| Gross operating margin | 9900 | €8,177 | €5,872 | -€2,306 | -28.2% |
| Operating profit (loss) | 9901 | €3,595 | €2,770 | -€825 | -22.9% |
| Financial income | 75/76B | €0 | €2 | +€2 | +21600.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +21600.0% |
| Financial charges | 65/66B | €2,230 | €2,356 | +€126 | +5.6% |
| Recurring financial charges | 65 | €2,230 | €2,356 | +€126 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €1,365 | €416 | -€949 | -69.5% |
| Income taxes | 67/77 | €128 | €144 | +€16 | +12.7% |
| Profit (loss) for the period | 9904 | €1,237 | €272 | -€965 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,237 | €272 | -€965 | -78.0% |
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.