FBALESTE: 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.
FBALESTE
Largest movements
- Receivables within one year -€45,625
down €45,625 (-46.5%), from €98,030 to €52,405
of which Trade receivables: -€42,251
- Cash -€15,792
down €15,792 (-33.1%), from €47,721 to €31,929
mainly Net result for the year (-€49,296) and Trade debts (-€28,090)
- Tangible fixed assets +€7,017
up €7,017 (+140.3%), from €5,001 to €12,018
of which Plant, machinery and equipment: +€4,140
- Profit (loss) carried forward -€49,296
down €49,296 (-56.9%), from €86,596 to €37,300
- Other debts +€40,202
up €40,202 (+910.3%), from €4,416 to €44,618
- Trade debts -€28,090
down €28,090 (-93.0%), from €30,197 to €2,107
- Tax, wage and social debts -€16,285
down €16,285 (-71.4%), from €22,795 to €6,511
of which Taxes: -€16,485
- Gross operating margin -€49,443
down €49,443, from €48,351 to -€1,092
- Other operating charges -€15,854
down €15,854 (-96.9%), from €16,358 to €504
- Financial charges -€5,444
down €5,444 (-10.8%), from €50,324 to €44,880
- Depreciation +€2,648
up €2,648 (+630.5%), from €420 to €3,068
- Taxes -€773
down €773 (-88.8%), from €870 to €97
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.
Cash bridge derived
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 | €154,303 | €100,536 | -€53,767 | -34.8% |
| Fixed assets | 21/28 | €8,551 | €15,568 | +€7,017 | +82.1% |
| Tangible fixed assets | 22/27 | €5,001 | €12,018 | +€7,017 | +140.3% |
| Plant, machinery and equipment | 23 | - | €4,140 | +€4,140 | |
| Furniture and vehicles | 24 | €5,001 | €7,879 | +€2,877 | +57.5% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €145,752 | €84,968 | -€60,784 | -41.7% |
| Amounts receivable within one year | 40/41 | €98,030 | €52,405 | -€45,625 | -46.5% |
| Trade receivables | 40 | €93,623 | €51,372 | -€42,251 | -45.1% |
| Other amounts receivable | 41 | €4,408 | €1,033 | -€3,375 | -76.6% |
| Cash at bank and in hand | 54/58 | €47,721 | €31,929 | -€15,792 | -33.1% |
| Deferred charges and accrued income | 490/1 | - | €634 | +€634 | |
| Total equity and liabilities | 10/49 | €154,303 | €100,536 | -€53,767 | -34.8% |
| Equity | 10/15 | €96,596 | €47,300 | -€49,296 | -51.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,596 | €37,300 | -€49,296 | -56.9% |
| Amounts payable | 17/49 | €57,707 | €53,236 | -€4,471 | -7.7% |
| Amounts payable within one year | 42/48 | €57,707 | €53,236 | -€4,471 | -7.7% |
| Financial debts | 43 | €298 | - | -€298 | |
| Credit institutions | 430/8 | €298 | - | -€298 | |
| Trade debts | 44 | €30,197 | €2,107 | -€28,090 | -93.0% |
| Suppliers | 440/4 | €30,197 | €2,107 | -€28,090 | -93.0% |
| Taxes, remuneration and social security | 45 | €22,795 | €6,511 | -€16,285 | -71.4% |
| Taxes | 450/3 | €19,795 | €3,311 | -€16,485 | -83.3% |
| Remuneration and social security | 454/9 | €3,000 | €3,200 | +€200 | +6.7% |
| Other amounts payable | 47/48 | €4,416 | €44,618 | +€40,202 | +910.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420 | €3,068 | +€2,648 | +630.5% |
| Other operating charges | 640/8 | €16,358 | €504 | -€15,854 | -96.9% |
| Gross operating margin | 9900 | €48,351 | -€1,092 | -€49,443 | |
| Operating profit (loss) | 9901 | €31,573 | -€4,664 | -€36,238 | |
| Financial income | 75/76B | €277 | €345 | +€68 | +24.7% |
| Recurring financial income | 75 | €277 | €345 | +€68 | +24.7% |
| Financial charges | 65/66B | €50,324 | €44,880 | -€5,444 | -10.8% |
| Recurring financial charges | 65 | €50,324 | €44,880 | -€5,444 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,474 | -€49,199 | -€30,725 | -166.3% |
| Income taxes | 67/77 | €870 | €97 | -€773 | -88.8% |
| Profit (loss) for the period | 9904 | -€19,344 | -€49,296 | -€29,953 | -154.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,344 | -€49,296 | -€29,953 | -154.8% |
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 12 October 2026 via checked.be.