FBS: what changed
Two fiscal 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.
FBS
Largest movements
- Tangible fixed assets +€27,339
up €27,339 (+112.3%), from €24,348 to €51,687
of which Furniture and vehicles: +€34,371
- Cash +€16,412
up €16,412 (+13.9%), from €117,874 to €134,286
mainly Trade debts (+€53,355) and Depreciation (+€15,411)
- Current investments -€13,729
down €13,729 (-25.5%), from €53,785 to €40,056
- Stocks and contracts -€11,893
down €11,893 (-9.2%), from €129,048 to €117,155
- Receivables within one year -€8,746
down €8,746 (-13.0%), from €67,179 to €58,433
of which Trade receivables: -€11,040
- Trade debts +€53,355
up €53,355 (+1095.2%), from €4,872 to €58,226
- Other debts -€34,157
down €34,157 (-92.7%), from €36,851 to €2,694
- Reserves -€8,641
down €8,641 (-2.6%), from €326,434 to €317,793
of which Distributable reserves: -€8,641
- Gross operating margin -€21,549
down €21,549 (-47.3%), from €45,562 to €24,013
- Staff costs -€16,411
down €16,411, from €16,364 to -€47
- Write-downs -€13,721
new in 2025: -€13,721
- Financial income +€1,729
up €1,729 (+46.1%), from €3,751 to €5,480
- Financial charges +€1,410
up €1,410 (+47.8%), from €2,954 to €4,364
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 | €396,238 | €405,020 | +€8,782 | +2.2% |
| Fixed assets | 21/28 | €24,348 | €51,687 | +€27,339 | +112.3% |
| Tangible fixed assets | 22/27 | €24,348 | €51,687 | +€27,339 | +112.3% |
| Plant, machinery and equipment | 23 | €10,783 | €7,447 | -€3,336 | -30.9% |
| Furniture and vehicles | 24 | €8,031 | €42,402 | +€34,371 | +428.0% |
| Other tangible fixed assets | 26 | €5,534 | €1,838 | -€3,696 | -66.8% |
| Current assets | 29/58 | €371,890 | €353,334 | -€18,557 | -5.0% |
| Stocks and contracts in progress | 3 | €129,048 | €117,155 | -€11,893 | -9.2% |
| Stocks | 30/36 | €129,048 | €117,155 | -€11,893 | -9.2% |
| Amounts receivable within one year | 40/41 | €67,179 | €58,433 | -€8,746 | -13.0% |
| Trade receivables | 40 | €67,179 | €56,139 | -€11,040 | -16.4% |
| Other amounts receivable | 41 | - | €2,294 | +€2,294 | |
| Current investments | 50/53 | €53,785 | €40,056 | -€13,729 | -25.5% |
| Cash at bank and in hand | 54/58 | €117,874 | €134,286 | +€16,412 | +13.9% |
| Deferred charges and accrued income | 490/1 | €4,005 | €3,404 | -€601 | -15.0% |
| Total equity and liabilities | 10/49 | €396,238 | €405,020 | +€8,782 | +2.2% |
| Equity | 10/15 | €345,026 | €336,385 | -€8,641 | -2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €326,434 | €317,793 | -€8,641 | -2.6% |
| Tax-exempt reserves | 132 | €2,958 | €2,958 | = | 0.0% |
| Distributable reserves | 133 | €323,476 | €314,835 | -€8,641 | -2.7% |
| Amounts payable | 17/49 | €51,212 | €68,635 | +€17,423 | +34.0% |
| Amounts payable within one year | 42/48 | €45,667 | €63,398 | +€17,731 | +38.8% |
| Trade debts | 44 | €4,872 | €58,226 | +€53,355 | +1095.2% |
| Suppliers | 440/4 | €4,872 | €58,226 | +€53,355 | +1095.2% |
| Taxes, remuneration and social security | 45 | €3,945 | €2,478 | -€1,467 | -37.2% |
| Taxes | 450/3 | €3,945 | €2,478 | -€1,467 | -37.2% |
| Other amounts payable | 47/48 | €36,851 | €2,694 | -€34,157 | -92.7% |
| Accrued charges and deferred income | 492/3 | €5,545 | €5,237 | -€308 | -5.6% |
| Non-recurring operating income | 76A | - | €18,672 | +€18,672 | |
| Remuneration, social security and pensions | 62 | €16,364 | -€47 | -€16,411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,503 | €15,411 | -€92 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€13,721 | -€13,721 | |
| Other operating charges | 640/8 | €1,788 | €1,695 | -€93 | -5.2% |
| Gross operating margin | 9900 | €45,562 | €24,013 | -€21,549 | -47.3% |
| Operating profit (loss) | 9901 | €11,907 | €20,675 | +€8,768 | +73.6% |
| Financial income | 75/76B | €3,751 | €5,480 | +€1,729 | +46.1% |
| Recurring financial income | 75 | €3,751 | €5,480 | +€1,729 | +46.1% |
| Financial charges | 65/66B | €2,954 | €4,364 | +€1,410 | +47.8% |
| Recurring financial charges | 65 | €2,954 | €4,364 | +€1,410 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €12,704 | €21,791 | +€9,087 | +71.5% |
| Income taxes | 67/77 | €7,551 | €7,335 | -€215 | -2.9% |
| Profit (loss) for the period | 9904 | €5,153 | €14,455 | +€9,302 | +180.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,153 | €14,455 | +€9,302 | +180.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.