F.S.C. HOLDING: 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.C. HOLDING
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€270,000
up €270,000 (+222%), from €121,360 to €391,360
of which Distributable reserves: +€270,000
- Other debts -€233,448
down €233,448 (-17.9%), from €1.3m to €1.1m
- Current portion of long-term debt -€110,210
down €110,210 (-100%), from €110,210 to €0
- Profit (loss) carried forward +€57,941
up €57,941 (+4.6%), from €1.3m to €1.3m
- Tax, wage and social debts +€43,543
up €43,543 (+138%), from €31,591 to €75,134
of which Taxes: +€43,543
- Financial income +€440,000
up €440,000 (+4,400%), from €10,000 to €450,000
- Taxes +€39,795
up €39,795 (+482%), from €8,261 to €48,055
- Gross operating margin +€6,141
up €6,141 (+28.9%), from €21,239 to €27,380
- Financial charges -€1,347
down €1,347 (-76.4%), from €1,763 to €417
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 | €2,843,527 | €2,871,416 | +€27,890 | +1.0% |
| Fixed assets | 21/28 | €2,800,125 | €2,800,125 | = | 0.0% |
| Financial fixed assets | 28 | €2,800,125 | €2,800,125 | = | 0.0% |
| Current assets | 29/58 | €43,402 | €71,291 | +€27,890 | +64.3% |
| Amounts receivable within one year | 40/41 | €33,785 | €45,039 | +€11,254 | +33.3% |
| Trade receivables | 40 | €29,720 | €39,797 | +€10,077 | +33.9% |
| Other amounts receivable | 41 | €4,065 | €5,242 | +€1,177 | +29.0% |
| Cash at bank and in hand | 54/58 | €9,617 | €26,252 | +€16,636 | +173% |
| Total equity and liabilities | 10/49 | €2,843,527 | €2,871,416 | +€27,890 | +1.0% |
| Equity | 10/15 | €1,393,904 | €1,721,845 | +€327,941 | +23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,360 | €391,360 | +€270,000 | +222% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €121,360 | €391,360 | +€270,000 | +222% |
| Profit (loss) carried forward | 14 | €1,253,944 | €1,311,885 | +€57,941 | +4.6% |
| Amounts payable | 17/49 | €1,449,623 | €1,149,571 | -€300,051 | -20.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,449,540 | €1,149,571 | -€299,968 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €110,210 | €0 | -€110,210 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,347 | €2,494 | +€147 | +6.3% |
| Suppliers | 440/4 | €2,347 | €2,494 | +€147 | +6.3% |
| Taxes, remuneration and social security | 45 | €31,591 | €75,134 | +€43,543 | +138% |
| Taxes | 450/3 | €18,491 | €62,034 | +€43,543 | +235% |
| Remuneration and social security | 454/9 | €13,100 | €13,100 | = | 0.0% |
| Other amounts payable | 47/48 | €1,305,392 | €1,071,944 | -€233,448 | -17.9% |
| Accrued charges and deferred income | 492/3 | €83 | €0 | -€83 | -100% |
| Other operating charges | 640/8 | €1,230 | €968 | -€263 | -21.4% |
| Gross operating margin | 9900 | €21,239 | €27,380 | +€6,141 | +28.9% |
| Operating profit (loss) | 9901 | €20,009 | €26,413 | +€6,404 | +32.0% |
| Financial income | 75/76B | €10,000 | €450,000 | +€440,000 | +4,400% |
| Recurring financial income | 75 | €10,000 | €450,000 | +€440,000 | +4,400% |
| Financial charges | 65/66B | €1,763 | €417 | -€1,347 | -76.4% |
| Recurring financial charges | 65 | €1,763 | €417 | -€1,347 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €28,246 | €475,996 | +€447,751 | +1,585% |
| Income taxes | 67/77 | €8,261 | €48,055 | +€39,795 | +482% |
| Profit (loss) for the period | 9904 | €19,985 | €427,941 | +€407,956 | +2,041% |
| Profit (loss) for the period to be appropriated | 9905 | €19,985 | €427,941 | +€407,956 | +2,041% |
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 22 October 2026 via checked.be.