F.Y.T.U: 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.Y.T.U
Largest movements
- Tangible fixed assets -€23,313
down €23,313 (-4.5%), from €517,093 to €493,781
of which Land and buildings: -€25,252
- Receivables within one year +€19,519
up €19,519 (+334%), from €5,845 to €25,364
of which Trade receivables: +€19,244
- Other debts +€20,216
up €20,216 (+6.0%), from €336,630 to €356,847
- Profit (loss) carried forward -€12,953
down €12,953 (-2.2%), from -€594,728 to -€607,682
- Gross operating margin +€12,491
up €12,491 (+18.8%), from €66,545 to €79,037
- Financial charges -€2,893
down €2,893 (-4.5%), from €63,910 to €61,017
- Other operating charges +€1,577
up €1,577 (+55.2%), from €2,856 to €4,433
- Depreciation +€1,008
up €1,008 (+3.9%), from €25,532 to €26,540
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 | €864,517 | €860,042 | -€4,475 | -0.5% |
| Fixed assets | 21/28 | €857,427 | €833,414 | -€24,013 | -2.8% |
| Intangible fixed assets | 21 | €2,100 | €1,400 | -€700 | -33.3% |
| Tangible fixed assets | 22/27 | €517,093 | €493,781 | -€23,313 | -4.5% |
| Land and buildings | 22 | €515,610 | €490,357 | -€25,252 | -4.9% |
| Plant, machinery and equipment | 23 | €825 | €2,951 | +€2,126 | +258% |
| Furniture and vehicles | 24 | €659 | €472 | -€187 | -28.3% |
| Financial fixed assets | 28 | €338,233 | €338,233 | = | 0.0% |
| Current assets | 29/58 | €7,090 | €26,628 | +€19,537 | +276% |
| Amounts receivable within one year | 40/41 | €5,845 | €25,364 | +€19,519 | +334% |
| Trade receivables | 40 | €5,005 | €24,249 | +€19,244 | +385% |
| Other amounts receivable | 41 | €840 | €1,115 | +€275 | +32.7% |
| Current investments | 50/53 | €612 | €612 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €634 | €652 | +€18 | +2.9% |
| Total equity and liabilities | 10/49 | €864,517 | €860,042 | -€4,475 | -0.5% |
| Equity | 10/15 | €51,231 | €38,277 | -€12,953 | -25.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €562,949 | €562,949 | = | 0.0% |
| Reserves | 13 | €33,010 | €33,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Other | 1319 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,010 | €28,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€594,728 | -€607,682 | -€12,953 | -2.2% |
| Provisions and deferred taxes | 16 | €270,565 | €270,565 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €270,565 | €270,565 | = | 0.0% |
| Environmental obligations | 163 | €270,565 | €270,565 | = | 0.0% |
| Amounts payable | 17/49 | €542,722 | €551,200 | +€8,478 | +1.6% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €389,222 | €401,200 | +€11,978 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €9,437 | €2,352 | -€7,085 | -75.1% |
| Trade debts | 44 | €22,982 | €20,732 | -€2,250 | -9.8% |
| Suppliers | 440/4 | €22,982 | €20,732 | -€2,250 | -9.8% |
| Taxes, remuneration and social security | 45 | €20,173 | €21,270 | +€1,097 | +5.4% |
| Taxes | 450/3 | €20,173 | €21,270 | +€1,097 | +5.4% |
| Other amounts payable | 47/48 | €336,630 | €356,847 | +€20,216 | +6.0% |
| Accrued charges and deferred income | 492/3 | €3,500 | - | -€3,500 | |
| Non-recurring operating income | 76A | €26,732 | - | -€26,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,532 | €26,540 | +€1,008 | +3.9% |
| Other operating charges | 640/8 | €2,856 | €4,433 | +€1,577 | +55.2% |
| Gross operating margin | 9900 | €66,545 | €79,037 | +€12,491 | +18.8% |
| Operating profit (loss) | 9901 | €38,157 | €48,063 | +€9,906 | +26.0% |
| Financial charges | 65/66B | €63,910 | €61,017 | -€2,893 | -4.5% |
| Recurring financial charges | 65 | €63,910 | €61,017 | -€2,893 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,753 | -€12,953 | +€12,800 | +49.7% |
| Profit (loss) for the period | 9904 | -€25,753 | -€12,953 | +€12,800 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,753 | -€12,953 | +€12,800 | +49.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.