F.S. Invest: 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. Invest
Largest movements
- Receivables within one year +€14,932
up €14,932 (+33.8%), from €44,186 to €59,118
of which Other amounts receivable: +€14,932
- Cash +€7,606
up €7,606 (+291%), from €2,611 to €10,218
mainly Net result for the year (+€10,127) and Tax, wage and social debts (+€9,110)
- Profit (loss) carried forward +€10,127
up €10,127 (+29.1%), from €34,757 to €44,884
- Tax, wage and social debts +€9,110
up €9,110 (+105%), from €8,689 to €17,799
- Other debts +€3,400
new in 2025: €3,400
- Gross operating margin -€31,604
down €31,604 (-70.0%), from €45,132 to €13,528
- Taxes -€6,158
down €6,158 (-70.9%), from €8,689 to €2,532
- Depreciation -€777
down €777 (-80.0%), from €971 to €194
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 | €46,991 | €69,336 | +€22,344 | +47.5% |
| Formation expenses | 20 | €194 | - | -€194 | |
| Current assets | 29/58 | €46,797 | €69,336 | +€22,538 | +48.2% |
| Amounts receivable within one year | 40/41 | €44,186 | €59,118 | +€14,932 | +33.8% |
| Trade receivables | 40 | €60 | €60 | = | 0.0% |
| Other amounts receivable | 41 | €44,126 | €59,058 | +€14,932 | +33.8% |
| Cash at bank and in hand | 54/58 | €2,611 | €10,218 | +€7,606 | +291% |
| Total equity and liabilities | 10/49 | €46,991 | €69,336 | +€22,344 | +47.5% |
| Equity | 10/15 | €37,757 | €47,884 | +€10,127 | +26.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,757 | €44,884 | +€10,127 | +29.1% |
| Amounts payable | 17/49 | €9,235 | €21,452 | +€12,217 | +132% |
| Amounts payable within one year | 42/48 | €9,235 | €21,452 | +€12,217 | +132% |
| Trade debts | 44 | €545 | €253 | -€292 | -53.6% |
| Suppliers | 440/4 | €545 | €253 | -€292 | -53.6% |
| Taxes, remuneration and social security | 45 | €8,689 | €17,799 | +€9,110 | +105% |
| Taxes | 450/3 | €8,689 | €17,799 | +€9,110 | +105% |
| Other amounts payable | 47/48 | - | €3,400 | +€3,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €194 | -€777 | -80.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €285 | - | -€285 | |
| Other operating charges | 640/8 | €387 | €688 | +€301 | +77.7% |
| Gross operating margin | 9900 | €45,132 | €13,528 | -€31,604 | -70.0% |
| Operating profit (loss) | 9901 | €43,488 | €12,645 | -€30,843 | -70.9% |
| Financial income | 75/76B | - | €275 | +€275 | |
| Recurring financial income | 75 | - | €275 | +€275 | |
| Financial charges | 65/66B | €42 | €261 | +€219 | +518% |
| Recurring financial charges | 65 | €42 | €261 | +€219 | +518% |
| Profit (loss) for the period before taxes | 9903 | €43,446 | €12,659 | -€30,788 | -70.9% |
| Income taxes | 67/77 | €8,689 | €2,532 | -€6,158 | -70.9% |
| Profit (loss) for the period | 9904 | €34,757 | €10,127 | -€24,630 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,757 | €10,127 | -€24,630 | -70.9% |
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 31 October 2026 via checked.be.