F.T.O. 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.T.O. SERVICES
Largest movements
- Financial fixed assets -€97,453
down €97,453 (-97.5%), from €100,000 to €2,547
- Cash -€14,306
down €14,306 (-55.2%), from €25,927 to €11,621
mainly Other debts (-€83,150) and Net result for the year (-€31,866)
- Receivables within one year -€7,110
down €7,110 (-43.6%), from €16,306 to €9,196
of which Trade receivables: -€6,050
- Other debts -€83,150
down €83,150 (-40.6%), from €204,782 to €121,632
- Profit (loss) carried forward -€31,866
down €31,866 (-21.9%), from -€145,578 to -€177,444
- Tax, wage and social debts -€4,184
down €4,184 (-87.4%), from €4,786 to €603
- Gross operating margin +€5,961
up €5,961 (+17.3%), from -€34,383 to -€28,421
- Other operating charges +€500
up €500 (+74.6%), from €670 to €1,170
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 | €160,286 | €40,220 | -€120,066 | -74.9% |
| Fixed assets | 21/28 | €115,952 | €17,302 | -€98,650 | -85.1% |
| Intangible fixed assets | 21 | €5,711 | €5,711 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,241 | €9,044 | -€1,197 | -11.7% |
| Furniture and vehicles | 24 | €10,241 | €9,044 | -€1,197 | -11.7% |
| Financial fixed assets | 28 | €100,000 | €2,547 | -€97,453 | -97.5% |
| Current assets | 29/58 | €44,335 | €22,918 | -€21,416 | -48.3% |
| Stocks and contracts in progress | 3 | €1,727 | €1,727 | = | 0.0% |
| Contracts in progress | 37 | €1,727 | €1,727 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,306 | €9,196 | -€7,110 | -43.6% |
| Trade receivables | 40 | €15,246 | €9,196 | -€6,050 | -39.7% |
| Other amounts receivable | 41 | €1,060 | - | -€1,060 | |
| Current investments | 50/53 | €375 | €374 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €25,927 | €11,621 | -€14,306 | -55.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €160,286 | €40,220 | -€120,066 | -74.9% |
| Equity | 10/15 | -€51,578 | -€83,444 | -€31,866 | -61.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,578 | -€177,444 | -€31,866 | -21.9% |
| Amounts payable | 17/49 | €211,864 | €123,664 | -€88,200 | -41.6% |
| Amounts payable within one year | 42/48 | €211,864 | €123,664 | -€88,200 | -41.6% |
| Trade debts | 44 | €2,296 | €1,429 | -€867 | -37.8% |
| Suppliers | 440/4 | €2,296 | €1,429 | -€867 | -37.8% |
| Taxes, remuneration and social security | 45 | €4,786 | €603 | -€4,184 | -87.4% |
| Taxes | 450/3 | €4,786 | €603 | -€4,184 | -87.4% |
| Other amounts payable | 47/48 | €204,782 | €121,632 | -€83,150 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,048 | €1,197 | +€149 | +14.3% |
| Other operating charges | 640/8 | €670 | €1,170 | +€500 | +74.6% |
| Gross operating margin | 9900 | -€34,383 | -€28,421 | +€5,961 | +17.3% |
| Operating profit (loss) | 9901 | -€36,100 | -€30,788 | +€5,312 | +14.7% |
| Financial charges | 65/66B | €1,129 | €936 | -€192 | -17.0% |
| Recurring financial charges | 65 | €1,129 | €936 | -€192 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,229 | -€31,724 | +€5,505 | +14.8% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€37,369 | -€31,866 | +€5,503 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,369 | -€31,866 | +€5,503 | +14.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.