F2LN INVEST: what changed
F2LN INVEST
Largest movements
- Receivables within one year +€86,378
up €86,378 (+42.4%), from €203,650 to €290,029
- Cash -€36,135
no longer reported in 2025 (was €36,135)
mainly Receivables within one year (-€86,378) and Debts after one year (-€26,487)
- Tangible fixed assets +€4,498
up €4,498 (+31.9%), from €14,087 to €18,585
of which Furniture and vehicles: +€4,713
- Trade debts +€53,440
up €53,440 (+23.6%), from €226,089 to €279,529
- Debts after one year -€26,487
down €26,487 (-51.5%), from €51,434 to €24,947
- Tax, wage and social debts +€15,034
up €15,034 (+61.4%), from €24,505 to €39,540
- Profit (loss) carried forward +€10,125
up €10,125 (+16.8%), from €60,255 to €70,380
- Other operating charges +€11,283
up €11,283 (+2,204%), from €512 to €11,795
- Gross operating margin -€7,946
down €7,946 (-19.5%), from €40,752 to €32,806
- Taxes -€6,901
down €6,901 (-49.3%), from €13,996 to €7,095
- Financial charges -€2,659
down €2,659 (-70.6%), from €3,765 to €1,106
- Depreciation +€1,533
up €1,533 (+470%), from €326 to €1,859
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €373,806 | €429,083 | +€55,277 | +14.8% |
| Fixed assets | 21/28 | €134,020 | €138,518 | +€4,498 | +3.4% |
| Tangible fixed assets | 22/27 | €14,087 | €18,585 | +€4,498 | +31.9% |
| Plant, machinery and equipment | 23 | €12,000 | €12,000 | = | 0.0% |
| Furniture and vehicles | 24 | €1,225 | €5,938 | +€4,713 | +385% |
| Other tangible fixed assets | 26 | €862 | €646 | -€215 | -25.0% |
| Financial fixed assets | 28 | €119,934 | €119,934 | = | 0.0% |
| Current assets | 29/58 | €239,785 | €290,565 | +€50,779 | +21.2% |
| Amounts receivable within one year | 40/41 | €203,650 | €290,029 | +€86,378 | +42.4% |
| Trade receivables | 40 | €203,650 | €290,029 | +€86,378 | +42.4% |
| Cash at bank and in hand | 54/58 | €36,135 | - | -€36,135 | |
| Deferred charges and accrued income | 490/1 | - | €536 | +€536 | |
| Total equity and liabilities | 10/49 | €373,806 | €429,083 | +€55,277 | +14.8% |
| Equity | 10/15 | €69,555 | €79,680 | +€10,125 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,255 | €70,380 | +€10,125 | +16.8% |
| Amounts payable | 17/49 | €304,250 | €349,403 | +€45,152 | +14.8% |
| Amounts payable after more than one year | 17 | €51,434 | €24,947 | -€26,487 | -51.5% |
| Other amounts payable | 178/9 | €51,434 | €24,947 | -€26,487 | -51.5% |
| Amounts payable within one year | 42/48 | €252,816 | €324,456 | +€71,640 | +28.3% |
| Financial debts | 43 | €1,662 | €4,804 | +€3,142 | +189% |
| Credit institutions | 430/8 | €1,662 | €4,804 | +€3,142 | +189% |
| Trade debts | 44 | €226,089 | €279,529 | +€53,440 | +23.6% |
| Suppliers | 440/4 | €226,089 | €279,529 | +€53,440 | +23.6% |
| Taxes, remuneration and social security | 45 | €24,505 | €39,540 | +€15,034 | +61.4% |
| Taxes | 450/3 | €24,505 | €39,540 | +€15,034 | +61.4% |
| Other amounts payable | 47/48 | €560 | €583 | +€23 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €1,859 | +€1,533 | +470% |
| Other operating charges | 640/8 | €512 | €11,795 | +€11,283 | +2,204% |
| Gross operating margin | 9900 | €40,752 | €32,806 | -€7,946 | -19.5% |
| Operating profit (loss) | 9901 | €39,914 | €19,152 | -€20,762 | -52.0% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €3,765 | €1,106 | -€2,659 | -70.6% |
| Recurring financial charges | 65 | €3,765 | €1,106 | -€2,659 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | €36,149 | €18,053 | -€18,096 | -50.1% |
| Income taxes | 67/77 | €13,996 | €7,095 | -€6,901 | -49.3% |
| Profit (loss) for the period | 9904 | €22,153 | €10,958 | -€11,195 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,153 | €10,958 | -€11,195 | -50.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.