F.S.C.: 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.S.C.
Largest movements
- Receivables after one year -€7,800
down €7,800 (-100.0%), from €7,800 to €0
- Cash -€2,948
down €2,948 (-16.3%), from €18,087 to €15,139
mainly Contributions, distributions and other (-€20,220) and Other debts (-€8,680)
- Tangible fixed assets -€1,683
down €1,683 (-28.0%), from €6,010 to €4,327
of which Furniture and vehicles: -€1,240
- Receivables within one year -€1,295
down €1,295 (-3.4%), from €37,662 to €36,368
of which Trade receivables: -€1,116
- Reserves -€12,806
down €12,806 (-35.6%), from €36,017 to €23,211
- Other debts -€8,680
down €8,680 (-30.0%), from €28,900 to €20,220
- Tax, wage and social debts +€3,868
new in 2025: €3,868
- Trade debts +€3,106
up €3,106 (+109.4%), from €2,839 to €5,945
- Short-term financial debts +€2,523
new in 2025: €2,523
- Gross operating margin -€18,870
down €18,870 (-46.9%), from €40,270 to €21,400
- Taxes -€4,655
down €4,655 (-56.0%), from €8,317 to €3,661
- Financial charges -€1,117
down €1,117 (-51.5%), from €2,171 to €1,054
- Other operating charges +€484
up €484 (+40.4%), from €1,197 to €1,681
- Depreciation -€478
down €478 (-22.1%), from €2,161 to €1,683
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 | €71,546 | €57,596 | -€13,951 | -19.5% |
| Fixed assets | 21/28 | €6,010 | €4,327 | -€1,683 | -28.0% |
| Tangible fixed assets | 22/27 | €6,010 | €4,327 | -€1,683 | -28.0% |
| Land and buildings | 22 | €1,417 | €1,263 | -€154 | -10.9% |
| Plant, machinery and equipment | 23 | €288 | €0 | -€288 | -100.0% |
| Furniture and vehicles | 24 | €4,304 | €3,064 | -€1,240 | -28.8% |
| Current assets | 29/58 | €65,536 | €53,269 | -€12,268 | -18.7% |
| Amounts receivable after more than one year | 29 | €7,800 | €0 | -€7,800 | -100.0% |
| Other amounts receivable | 291 | €7,800 | €0 | -€7,800 | -100.0% |
| Amounts receivable within one year | 40/41 | €37,662 | €36,368 | -€1,295 | -3.4% |
| Trade receivables | 40 | €31,459 | €30,344 | -€1,116 | -3.5% |
| Other amounts receivable | 41 | €6,203 | €6,024 | -€179 | -2.9% |
| Cash at bank and in hand | 54/58 | €18,087 | €15,139 | -€2,948 | -16.3% |
| Deferred charges and accrued income | 490/1 | €1,987 | €1,762 | -€225 | -11.3% |
| Total equity and liabilities | 10/49 | €71,546 | €57,596 | -€13,951 | -19.5% |
| Equity | 10/15 | €37,017 | €24,211 | -€12,806 | -34.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,017 | €23,211 | -€12,806 | -35.6% |
| Distributable reserves | 133 | €36,017 | €23,211 | -€12,806 | -35.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €34,529 | €33,385 | -€1,144 | -3.3% |
| Amounts payable after more than one year | 17 | €829 | €0 | -€829 | -100.0% |
| Financial debts | 170/4 | €829 | €0 | -€829 | -100.0% |
| Amounts payable within one year | 42/48 | €32,519 | €33,385 | +€866 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €780 | €829 | +€49 | +6.2% |
| Financial debts | 43 | - | €2,523 | +€2,523 | |
| Credit institutions | 430/8 | - | €2,523 | +€2,523 | |
| Trade debts | 44 | €2,839 | €5,945 | +€3,106 | +109.4% |
| Suppliers | 440/4 | €2,839 | €5,945 | +€3,106 | +109.4% |
| Taxes, remuneration and social security | 45 | - | €3,868 | +€3,868 | |
| Taxes | 450/3 | - | €3,868 | +€3,868 | |
| Other amounts payable | 47/48 | €28,900 | €20,220 | -€8,680 | -30.0% |
| Accrued charges and deferred income | 492/3 | €1,181 | - | -€1,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,161 | €1,683 | -€478 | -22.1% |
| Other operating charges | 640/8 | €1,197 | €1,681 | +€484 | +40.4% |
| Non-recurring operating charges | 66A | - | €6,035 | +€6,035 | |
| Gross operating margin | 9900 | €40,270 | €21,400 | -€18,870 | -46.9% |
| Operating profit (loss) | 9901 | €36,912 | €12,001 | -€24,911 | -67.5% |
| Financial income | 75/76B | €1 | €128 | +€127 | +23081.8% |
| Recurring financial income | 75 | €1 | €128 | +€127 | +23081.8% |
| Financial charges | 65/66B | €2,171 | €1,054 | -€1,117 | -51.5% |
| Recurring financial charges | 65 | €2,171 | €1,054 | -€1,117 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €34,742 | €11,075 | -€23,667 | -68.1% |
| Income taxes | 67/77 | €8,317 | €3,661 | -€4,655 | -56.0% |
| Profit (loss) for the period | 9904 | €26,426 | €7,414 | -€19,012 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,426 | €7,414 | -€19,012 | -71.9% |
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 6 October 2026 via checked.be.