F.T.M.: 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.T.M.
Largest movements
- Current assets +€4,082
up €4,082 (+101%), from €4,059 to €8,141
of which Receivables within one year: +€3,390
- Tangible fixed assets +€123
up €123 (+47.2%), from €261 to €384
- Profit (loss) carried forward +€4,932
up €4,932 (+99.6%), from -€4,951 to -€19
- Debts within one year -€727
down €727 (-8.8%), from €8,270 to €7,543
- Gross operating margin +€5,238
up €5,238 (+682%), from €768 to €6,006
- Depreciation -€185
down €185 (-35.5%), from €521 to €336
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,319 | €8,524 | +€4,205 | +97.3% |
| Fixed assets | 21/28 | €261 | €384 | +€123 | +47.2% |
| Tangible fixed assets | 22/27 | €261 | €384 | +€123 | +47.2% |
| Current assets | 29/58 | €4,059 | €8,141 | +€4,082 | +101% |
| Amounts receivable within one year | 40/41 | €3,768 | €7,157 | +€3,390 | +90.0% |
| Cash at bank and in hand | 54/58 | €223 | €983 | +€761 | +342% |
| Total equity and liabilities | 10/49 | €4,319 | €8,524 | +€4,205 | +97.3% |
| Equity | 10/15 | -€3,951 | €981 | +€4,932 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,951 | -€19 | +€4,932 | +99.6% |
| Amounts payable | 17/49 | €8,270 | €7,543 | -€727 | -8.8% |
| Amounts payable within one year | 42/48 | €8,270 | €7,543 | -€727 | -8.8% |
| Trade debts | 44 | €161 | €992 | +€830 | +515% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521 | €336 | -€185 | -35.5% |
| Gross operating margin | 9900 | €768 | €6,006 | +€5,238 | +682% |
| Operating profit (loss) | 9901 | -€438 | €4,969 | +€5,406 | |
| Recurring financial charges | 65 | €60 | €37 | -€23 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | -€498 | €4,932 | +€5,429 | |
| Profit (loss) for the period | 9904 | -€498 | €4,932 | +€5,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€498 | €4,932 | +€5,429 |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.