FBSDS: 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.
FBSDS
Largest movements
- Receivables within one year +€31,817
up €31,817 (+51.9%), from €61,308 to €93,125
of which Other amounts receivable: +€31,879
- Tangible fixed assets -€3,511
down €3,511 (-44.9%), from €7,813 to €4,302
of which Land and buildings: -€3,015
- Deferred charges and accrued income -€2,746
down €2,746 (-6.9%), from €39,546 to €36,800
- Cash -€2,672
down €2,672 (-8.2%), from €32,496 to €29,824
mainly Receivables within one year (-€31,817) and Contributions, distributions and other (-€5,882)
- Trade debts +€12,452
up €12,452 (+36.0%), from €34,605 to €47,057
- Tax, wage and social debts +€7,560
up €7,560 (+23.7%), from €31,922 to €39,482
of which Remuneration and social security: +€10,918
- Reserves +€6,000
up €6,000 (+8.2%), from €73,000 to €79,000
of which Distributable reserves: +€6,000
- Current portion of long-term debt -€2,850
down €2,850 (-51.2%), from €5,564 to €2,714
- Gross operating margin -€12,090
down €12,090 (-5.1%), from €235,825 to €223,735
- Staff costs -€10,265
down €10,265 (-5.2%), from €196,372 to €186,107
- Financial charges +€3,356
up €3,356 (+75.8%), from €4,428 to €7,784
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.
Derived cash bridge
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 | €149,331 | €171,699 | +€22,367 | +15.0% |
| Fixed assets | 21/28 | €11,683 | €8,172 | -€3,511 | -30.1% |
| Tangible fixed assets | 22/27 | €7,813 | €4,302 | -€3,511 | -44.9% |
| Land and buildings | 22 | €6,860 | €3,845 | -€3,015 | -44.0% |
| Plant, machinery and equipment | 23 | - | €237 | +€237 | |
| Furniture and vehicles | 24 | €953 | €220 | -€733 | -77.0% |
| Financial fixed assets | 28 | €3,870 | €3,870 | = | 0.0% |
| Current assets | 29/58 | €137,648 | €163,527 | +€25,878 | +18.8% |
| Stocks and contracts in progress | 3 | €4,298 | €3,778 | -€520 | -12.1% |
| Stocks | 30/36 | €4,298 | €3,778 | -€520 | -12.1% |
| Amounts receivable within one year | 40/41 | €61,308 | €93,125 | +€31,817 | +51.9% |
| Trade receivables | 40 | €63 | €0 | -€63 | -100% |
| Other amounts receivable | 41 | €61,245 | €93,125 | +€31,879 | +52.1% |
| Cash at bank and in hand | 54/58 | €32,496 | €29,824 | -€2,672 | -8.2% |
| Deferred charges and accrued income | 490/1 | €39,546 | €36,800 | -€2,746 | -6.9% |
| Total equity and liabilities | 10/49 | €149,331 | €171,699 | +€22,367 | +15.0% |
| Equity | 10/15 | €77,240 | €82,445 | +€5,205 | +6.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,000 | €79,000 | +€6,000 | +8.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €71,000 | €77,000 | +€6,000 | +8.5% |
| Profit (loss) carried forward | 14 | €1,240 | €445 | -€795 | -64.1% |
| Amounts payable | 17/49 | €72,091 | €89,254 | +€17,162 | +23.8% |
| Amounts payable within one year | 42/48 | €72,091 | €89,254 | +€17,162 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €5,564 | €2,714 | -€2,850 | -51.2% |
| Trade debts | 44 | €34,605 | €47,057 | +€12,452 | +36.0% |
| Suppliers | 440/4 | €34,605 | €47,057 | +€12,452 | +36.0% |
| Taxes, remuneration and social security | 45 | €31,922 | €39,482 | +€7,560 | +23.7% |
| Taxes | 450/3 | €18,947 | €15,589 | -€3,358 | -17.7% |
| Remuneration and social security | 454/9 | €12,975 | €23,893 | +€10,918 | +84.1% |
| Remuneration, social security and pensions | 62 | €196,372 | €186,107 | -€10,265 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,088 | €3,842 | -€247 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,953 | €4,940 | -€14 | -0.3% |
| Other operating charges | 640/8 | €7,605 | €8,838 | +€1,232 | +16.2% |
| Gross operating margin | 9900 | €235,825 | €223,735 | -€12,090 | -5.1% |
| Operating profit (loss) | 9901 | €22,805 | €20,008 | -€2,797 | -12.3% |
| Financial income | 75/76B | €2,950 | €4,130 | +€1,180 | +40.0% |
| Recurring financial income | 75 | €2,950 | €4,130 | +€1,180 | +40.0% |
| Financial charges | 65/66B | €4,428 | €7,784 | +€3,356 | +75.8% |
| Recurring financial charges | 65 | €4,428 | €7,784 | +€3,356 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €21,327 | €16,354 | -€4,973 | -23.3% |
| Income taxes | 67/77 | €6,080 | €5,267 | -€813 | -13.4% |
| Profit (loss) for the period | 9904 | €15,248 | €11,087 | -€4,160 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,248 | €11,087 | -€4,160 | -27.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.