F&S Financial Services: 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 Financial Services
Largest movements
- Cash +€11,640
up €11,640 (+23.5%), from €49,577 to €61,217
mainly Net result for the year (+€18,747) and Investment in fixed assets (net) (+€3,390)
- Receivables within one year +€5,861
up €5,861 (+31.3%), from €18,743 to €24,605
of which Trade receivables: +€5,557
- Tangible fixed assets -€3,697
down €3,697 (-100%), from €3,697 to €0
- Deferred charges and accrued income +€3,498
up €3,498 (+60.3%), from €5,800 to €9,299
- Reserves +€8,647
up €8,647 (+37.8%), from €22,867 to €31,515
- Tax, wage and social debts +€2,941
up €2,941 (+15.0%), from €19,548 to €22,489
of which Taxes: +€5,612
- Other debts +€2,166
up €2,166 (+31.9%), from €6,800 to €8,966
- Accrued charges and deferred income +€1,900
up €1,900 (+73.1%), from €2,600 to €4,500
- Trade debts +€1,648
up €1,648 (+27.5%), from €6,002 to €7,650
- Staff costs +€11,002
up €11,002 (+18.6%), from €59,020 to €70,022
- Gross operating margin +€5,566
up €5,566 (+6.0%), from €93,412 to €98,978
- Taxes -€2,039
down €2,039 (-21.7%), from €9,402 to €7,363
- Financial charges +€1,884
up €1,884 (+1,714%), from €110 to €1,994
- Other operating charges -€1,433
down €1,433 (-68.3%), from €2,097 to €665
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 | €77,817 | €95,120 | +€17,303 | +22.2% |
| Fixed assets | 21/28 | €3,697 | €0 | -€3,697 | -100% |
| Tangible fixed assets | 22/27 | €3,697 | €0 | -€3,697 | -100% |
| Furniture and vehicles | 24 | €3,697 | €0 | -€3,697 | -100% |
| Current assets | 29/58 | €74,120 | €95,120 | +€21,000 | +28.3% |
| Amounts receivable within one year | 40/41 | €18,743 | €24,605 | +€5,861 | +31.3% |
| Trade receivables | 40 | €18,743 | €24,301 | +€5,557 | +29.6% |
| Other amounts receivable | 41 | - | €304 | +€304 | |
| Cash at bank and in hand | 54/58 | €49,577 | €61,217 | +€11,640 | +23.5% |
| Deferred charges and accrued income | 490/1 | €5,800 | €9,299 | +€3,498 | +60.3% |
| Total equity and liabilities | 10/49 | €77,817 | €95,120 | +€17,303 | +22.2% |
| Equity | 10/15 | €42,867 | €51,515 | +€8,647 | +20.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,867 | €31,515 | +€8,647 | +37.8% |
| Distributable reserves | 133 | €22,867 | €31,515 | +€8,647 | +37.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,950 | €43,605 | +€8,656 | +24.8% |
| Amounts payable within one year | 42/48 | €32,350 | €39,105 | +€6,756 | +20.9% |
| Trade debts | 44 | €6,002 | €7,650 | +€1,648 | +27.5% |
| Suppliers | 440/4 | €6,002 | €7,650 | +€1,648 | +27.5% |
| Taxes, remuneration and social security | 45 | €19,548 | €22,489 | +€2,941 | +15.0% |
| Taxes | 450/3 | €8,177 | €13,789 | +€5,612 | +68.6% |
| Remuneration and social security | 454/9 | €11,371 | €8,701 | -€2,671 | -23.5% |
| Other amounts payable | 47/48 | €6,800 | €8,966 | +€2,166 | +31.9% |
| Accrued charges and deferred income | 492/3 | €2,600 | €4,500 | +€1,900 | +73.1% |
| Remuneration, social security and pensions | 62 | €59,020 | €70,022 | +€11,002 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110 | €308 | +€198 | +181% |
| Other operating charges | 640/8 | €2,097 | €665 | -€1,433 | -68.3% |
| Gross operating margin | 9900 | €93,412 | €98,978 | +€5,566 | +6.0% |
| Operating profit (loss) | 9901 | €32,186 | €27,984 | -€4,202 | -13.1% |
| Financial income | 75/76B | €3 | €120 | +€117 | +3,915% |
| Recurring financial income | 75 | €3 | €120 | +€117 | +3,915% |
| Financial charges | 65/66B | €110 | €1,994 | +€1,884 | +1,714% |
| Recurring financial charges | 65 | €110 | €1,994 | +€1,884 | +1,714% |
| Profit (loss) for the period before taxes | 9903 | €32,079 | €26,110 | -€5,969 | -18.6% |
| Income taxes | 67/77 | €9,402 | €7,363 | -€2,039 | -21.7% |
| Profit (loss) for the period | 9904 | €22,677 | €18,747 | -€3,930 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,677 | €18,747 | -€3,930 | -17.3% |
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 29 October 2026 via checked.be.