F & T: 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 & T
Largest movements
- Receivables within one year +€17,378
up €17,378 (+41.9%), from €41,484 to €58,863
- Tangible fixed assets -€9,514
down €9,514 (-16.8%), from €56,796 to €47,281
- Reserves +€8,482
up €8,482 (+9.9%), from €85,775 to €94,257
of which Distributable reserves: +€8,482
- Tax, wage and social debts -€1,175
down €1,175 (-43.7%), from €2,691 to €1,516
- Gross operating margin -€3,983
down €3,983 (-14.3%), from €27,900 to €23,917
- Taxes -€1,175
down €1,175 (-22.6%), from €5,191 to €4,016
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 | €100,058 | €107,611 | +€7,553 | +7.5% |
| Fixed assets | 21/28 | €56,796 | €47,281 | -€9,514 | -16.8% |
| Tangible fixed assets | 22/27 | €56,796 | €47,281 | -€9,514 | -16.8% |
| Land and buildings | 22 | €56,796 | €47,281 | -€9,514 | -16.8% |
| Current assets | 29/58 | €43,262 | €60,330 | +€17,067 | +39.5% |
| Amounts receivable within one year | 40/41 | €41,484 | €58,863 | +€17,378 | +41.9% |
| Other amounts receivable | 41 | €41,484 | €58,863 | +€17,378 | +41.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,778 | €1,467 | -€311 | -17.5% |
| Total equity and liabilities | 10/49 | €100,058 | €107,611 | +€7,553 | +7.5% |
| Equity | 10/15 | €91,644 | €100,126 | +€8,482 | +9.3% |
| Contributions | 10/11 | €5,869 | €5,869 | = | 0.0% |
| Reserves | 13 | €85,775 | €94,257 | +€8,482 | +9.9% |
| Non-distributable reserves | 130/1 | €588 | €588 | = | 0.0% |
| Reserves not available under the articles | 1311 | €588 | €588 | = | 0.0% |
| Distributable reserves | 133 | €85,186 | €93,668 | +€8,482 | +10.0% |
| Amounts payable | 17/49 | €8,414 | €7,485 | -€929 | -11.0% |
| Amounts payable within one year | 42/48 | €8,414 | €7,485 | -€929 | -11.0% |
| Trade debts | 44 | €5,723 | €5,970 | +€247 | +4.3% |
| Suppliers | 440/4 | €5,723 | €5,970 | +€247 | +4.3% |
| Taxes, remuneration and social security | 45 | €2,691 | €1,516 | -€1,175 | -43.7% |
| Taxes | 450/3 | €2,691 | €1,516 | -€1,175 | -43.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,514 | €9,514 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,720 | €1,690 | -€30 | -1.8% |
| Gross operating margin | 9900 | €27,900 | €23,917 | -€3,983 | -14.3% |
| Operating profit (loss) | 9901 | €16,665 | €12,712 | -€3,953 | -23.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €487 | €215 | -€272 | -55.8% |
| Recurring financial charges | 65 | €487 | €215 | -€272 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €16,178 | €12,497 | -€3,681 | -22.8% |
| Income taxes | 67/77 | €5,191 | €4,016 | -€1,175 | -22.6% |
| Profit (loss) for the period | 9904 | €10,987 | €8,482 | -€2,505 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,987 | €8,482 | -€2,505 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.