FASTNET: 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.
FASTNET
Largest movements
- Receivables within one year -€222,401
down €222,401 (-87.5%), from €254,302 to €31,901
of which Trade receivables: -€236,996
- Receivables after one year -€150,000
down €150,000 (-30.0%), from €500,000 to €350,000
- Tangible fixed assets -€71,846
no longer reported in 2024 (was €71,846)
- Cash +€66,543
up €66,543 (+6,337,460%), from €1 to €66,544
mainly Receivables within one year (+€222,401) and Receivables after one year (+€150,000)
- Trade debts -€313,947
down €313,947 (-63.5%), from €494,268 to €180,321
- Other debts -€82,326
no longer reported in 2024 (was €82,326)
- Profit (loss) carried forward +€65,046
up €65,046 (+44.7%), from €145,492 to €210,538
- Current portion of long-term debt -€26,177
no longer reported in 2024 (was €26,177)
- Tax, wage and social debts -€16,771
down €16,771 (-32.6%), from €51,401 to €34,630
- Gross operating margin +€67,255
up €67,255 (+234%), from €28,700 to €95,955
- Taxes +€21,281
up €21,281 (+327%), from €6,516 to €27,797
- Depreciation -€3,260
no longer reported in 2024 (was €3,260)
- Financial charges -€1,458
down €1,458 (-33.2%), from €4,389 to €2,931
- Other operating charges -€1,412
down €1,412 (-88.6%), from €1,593 to €181
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.
Derived cash bridge
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 | €826,397 | €448,693 | -€377,704 | -45.7% |
| Fixed assets | 21/28 | €72,094 | €248 | -€71,846 | -99.7% |
| Tangible fixed assets | 22/27 | €71,846 | - | -€71,846 | |
| Land and buildings | 22 | €71,846 | - | -€71,846 | |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €754,303 | €448,445 | -€305,858 | -40.5% |
| Amounts receivable after more than one year | 29 | €500,000 | €350,000 | -€150,000 | -30.0% |
| Other amounts receivable | 291 | €500,000 | €350,000 | -€150,000 | -30.0% |
| Amounts receivable within one year | 40/41 | €254,302 | €31,901 | -€222,401 | -87.5% |
| Trade receivables | 40 | €242,000 | €5,004 | -€236,996 | -97.9% |
| Other amounts receivable | 41 | €12,302 | €26,897 | +€14,595 | +119% |
| Cash at bank and in hand | 54/58 | €1 | €66,544 | +€66,543 | +6,337,460% |
| Total equity and liabilities | 10/49 | €826,397 | €448,693 | -€377,704 | -45.7% |
| Equity | 10/15 | €168,696 | €233,742 | +€65,046 | +38.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,204 | €3,204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,204 | €1,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,492 | €210,538 | +€65,046 | +44.7% |
| Amounts payable | 17/49 | €657,701 | €214,951 | -€442,750 | -67.3% |
| Amounts payable within one year | 42/48 | €657,701 | €214,951 | -€442,750 | -67.3% |
| Current portion of amounts payable after more than one year | 42 | €26,177 | - | -€26,177 | |
| Financial debts | 43 | €3,528 | - | -€3,528 | |
| Credit institutions | 430/8 | €3,528 | - | -€3,528 | |
| Trade debts | 44 | €494,268 | €180,321 | -€313,947 | -63.5% |
| Suppliers | 440/4 | €494,268 | €180,321 | -€313,947 | -63.5% |
| Taxes, remuneration and social security | 45 | €51,401 | €34,630 | -€16,771 | -32.6% |
| Taxes | 450/3 | €51,401 | €34,630 | -€16,771 | -32.6% |
| Other amounts payable | 47/48 | €82,326 | - | -€82,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,260 | - | -€3,260 | |
| Other operating charges | 640/8 | €1,593 | €181 | -€1,412 | -88.6% |
| Non-recurring operating charges | 66A | €1,300 | - | -€1,300 | |
| Gross operating margin | 9900 | €28,700 | €95,955 | +€67,255 | +234% |
| Operating profit (loss) | 9901 | €22,548 | €95,774 | +€73,226 | +325% |
| Financial charges | 65/66B | €4,389 | €2,931 | -€1,458 | -33.2% |
| Recurring financial charges | 65 | €4,389 | €2,931 | -€1,458 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €18,159 | €92,843 | +€74,684 | +411% |
| Income taxes | 67/77 | €6,516 | €27,797 | +€21,281 | +327% |
| Profit (loss) for the period | 9904 | €11,642 | €65,046 | +€53,403 | +459% |
| Profit (loss) for the period to be appropriated | 9905 | €11,642 | €65,046 | +€53,403 | +459% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.