FARTLEK: 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.
FARTLEK
Largest movements
- Tangible fixed assets -€25,402
down €25,402 (-14.2%), from €178,794 to €153,392
of which Land and buildings: -€12,790
- Cash +€23,031
up €23,031 (+84.2%), from €27,346 to €50,377
mainly Debts after one year (+€24,172) and Net result for the year (+€17,279)
- Receivables within one year +€7,154
up €7,154 (+75.0%), from €9,537 to €16,691
of which Other amounts receivable: +€4,734
- Current portion of long-term debt -€31,155
down €31,155 (-86.8%), from €35,887 to €4,732
- Debts after one year +€24,172
up €24,172 (+67.4%), from €35,876 to €60,048
- Reserves +€17,279
up €17,279 (+9.2%), from €188,696 to €205,974
of which Distributable reserves: +€17,279
- Trade debts -€3,348
down €3,348 (-52.1%), from €6,420 to €3,072
- Depreciation -€7,767
down €7,767 (-37.1%), from €20,921 to €13,153
- Taxes +€3,740
up €3,740 (+54.6%), from €6,847 to €10,587
- Gross operating margin -€1,668
down €1,668 (-3.9%), from €43,029 to €41,361
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,804 | €285,614 | +€3,810 | +1.4% |
| Fixed assets | 21/28 | €178,820 | €153,418 | -€25,402 | -14.2% |
| Tangible fixed assets | 22/27 | €178,794 | €153,392 | -€25,402 | -14.2% |
| Land and buildings | 22 | €165,661 | €152,871 | -€12,790 | -7.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €13,133 | €521 | -€12,612 | -96.0% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €102,984 | €132,196 | +€29,212 | +28.4% |
| Amounts receivable after more than one year | 29 | €64,000 | €64,000 | = | 0.0% |
| Other amounts receivable | 291 | €64,000 | €64,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,537 | €16,691 | +€7,154 | +75.0% |
| Trade receivables | 40 | €0 | €2,420 | +€2,420 | |
| Other amounts receivable | 41 | €9,537 | €14,271 | +€4,734 | +49.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €27,346 | €50,377 | +€23,031 | +84.2% |
| Deferred charges and accrued income | 490/1 | €2,102 | €1,129 | -€973 | -46.3% |
| Total equity and liabilities | 10/49 | €281,804 | €285,614 | +€3,810 | +1.4% |
| Equity | 10/15 | €188,697 | €205,975 | +€17,279 | +9.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €188,696 | €205,974 | +€17,279 | +9.2% |
| Non-distributable reserves | 130/1 | €27,395 | €27,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,395 | €27,395 | = | 0.0% |
| Distributable reserves | 133 | €161,301 | €178,579 | +€17,279 | +10.7% |
| Amounts payable | 17/49 | €93,107 | €79,639 | -€13,468 | -14.5% |
| Amounts payable after more than one year | 17 | €35,876 | €60,048 | +€24,172 | +67.4% |
| Financial debts | 170/4 | €35,876 | €60,048 | +€24,172 | +67.4% |
| Amounts payable within one year | 42/48 | €56,847 | €19,591 | -€37,256 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €35,887 | €4,732 | -€31,155 | -86.8% |
| Financial debts | 43 | €622 | €260 | -€363 | -58.2% |
| Credit institutions | 430/8 | €622 | €260 | -€363 | -58.2% |
| Trade debts | 44 | €6,420 | €3,072 | -€3,348 | -52.1% |
| Suppliers | 440/4 | €6,420 | €3,072 | -€3,348 | -52.1% |
| Taxes, remuneration and social security | 45 | €13,917 | €11,527 | -€2,390 | -17.2% |
| Taxes | 450/3 | €13,917 | €11,527 | -€2,390 | -17.2% |
| Accrued charges and deferred income | 492/3 | €384 | €0 | -€384 | -100.0% |
| Non-recurring operating income | 76A | - | €2,231 | +€2,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,921 | €13,153 | -€7,767 | -37.1% |
| Other operating charges | 640/8 | €657 | €701 | +€45 | +6.8% |
| Gross operating margin | 9900 | €43,029 | €41,361 | -€1,668 | -3.9% |
| Operating profit (loss) | 9901 | €21,451 | €27,506 | +€6,055 | +28.2% |
| Financial income | 75/76B | €2,418 | €2,705 | +€288 | +11.9% |
| Recurring financial income | 75 | €2,418 | €2,705 | +€288 | +11.9% |
| Financial charges | 65/66B | €2,179 | €2,346 | +€167 | +7.6% |
| Recurring financial charges | 65 | €2,179 | €2,346 | +€167 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €21,690 | €27,865 | +€6,176 | +28.5% |
| Income taxes | 67/77 | €6,847 | €10,587 | +€3,740 | +54.6% |
| Profit (loss) for the period | 9904 | €14,842 | €17,279 | +€2,436 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,842 | €17,279 | +€2,436 | +16.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.