F & T Management: 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 Management
Largest movements
- Receivables within one year +€3,168
up €3,168 (+26.7%), from €11,864 to €15,032
of which Trade receivables: +€2,180
- Cash +€1,442
up €1,442 (+30.8%), from €4,679 to €6,121
mainly Tax, wage and social debts (+€5,997) and Net result for the year (+€370)
- Tax, wage and social debts +€5,997
up €5,997 (+170.1%), from €3,525 to €9,523
- Other debts -€1,254
no longer reported in 2025 (was €1,254)
- Trade debts -€504
down €504 (-6.4%), from €7,812 to €7,308
- Reserves +€370
up €370 (+18.9%), from €1,952 to €2,321
- Gross operating margin -€1,014
down €1,014 (-26.9%), from €3,766 to €2,753
- Other operating charges +€789
up €789 (+102.3%), from €772 to €1,561
- Taxes -€158
down €158 (-30.1%), from €525 to €367
- Financial charges -€60
down €60 (-11.7%), from €518 to €457
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 | €16,543 | €21,152 | +€4,609 | +27.9% |
| Current assets | 29/58 | €16,543 | €21,152 | +€4,609 | +27.9% |
| Amounts receivable within one year | 40/41 | €11,864 | €15,032 | +€3,168 | +26.7% |
| Trade receivables | 40 | €11,675 | €13,855 | +€2,180 | +18.7% |
| Other amounts receivable | 41 | €189 | €1,176 | +€987 | +522.3% |
| Cash at bank and in hand | 54/58 | €4,679 | €6,121 | +€1,442 | +30.8% |
| Total equity and liabilities | 10/49 | €16,543 | €21,152 | +€4,609 | +27.9% |
| Equity | 10/15 | €3,952 | €4,321 | +€370 | +9.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,952 | €2,321 | +€370 | +18.9% |
| Distributable reserves | 133 | €1,952 | €2,321 | +€370 | +18.9% |
| Amounts payable | 17/49 | €12,591 | €16,831 | +€4,240 | +33.7% |
| Amounts payable within one year | 42/48 | €12,591 | €16,831 | +€4,240 | +33.7% |
| Trade debts | 44 | €7,812 | €7,308 | -€504 | -6.4% |
| Suppliers | 440/4 | €7,812 | €7,308 | -€504 | -6.4% |
| Taxes, remuneration and social security | 45 | €3,525 | €9,523 | +€5,997 | +170.1% |
| Taxes | 450/3 | €3,525 | €9,523 | +€5,997 | +170.1% |
| Other amounts payable | 47/48 | €1,254 | - | -€1,254 | |
| Other operating charges | 640/8 | €772 | €1,561 | +€789 | +102.3% |
| Gross operating margin | 9900 | €3,766 | €2,753 | -€1,014 | -26.9% |
| Operating profit (loss) | 9901 | €2,995 | €1,192 | -€1,803 | -60.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €518 | €457 | -€60 | -11.7% |
| Recurring financial charges | 65 | €518 | €457 | -€60 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €2,477 | €737 | -€1,740 | -70.2% |
| Income taxes | 67/77 | €525 | €367 | -€158 | -30.1% |
| Profit (loss) for the period | 9904 | €1,952 | €370 | -€1,582 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,952 | €370 | -€1,582 | -81.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.