FBT - SIX: 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.
FBT - SIX
Largest movements
- Receivables within one year +€8,109
up €8,109 (+220%), from €3,693 to €11,802
of which Trade receivables: +€9,450
- Stocks and contracts +€3,662
up €3,662 (+5.2%), from €69,835 to €73,498
- Cash +€2,540
up €2,540 (+9.3%), from €27,448 to €29,989
mainly Net result for the year (+€8,721) and Depreciation (+€7,601)
- Deferred charges and accrued income +€2,307
up €2,307 (+268%), from €861 to €3,168
- Tangible fixed assets -€2,160
down €2,160 (-5.8%), from €37,172 to €35,012
of which Other tangible fixed assets: -€2,644
- Reserves +€8,720
new in 2025: €8,720
- Debts after one year -€6,675
down €6,675 (-22.3%), from €29,925 to €23,250
- Trade debts +€5,059
up €5,059 (+81.1%), from €6,237 to €11,296
- Current portion of long-term debt +€4,147
new in 2025: €4,147
- Tax, wage and social debts +€1,803
up €1,803 (+28.4%), from €6,338 to €8,141
of which Taxes: +€2,102
- Gross operating margin +€5,519
up €5,519 (+9.3%), from €59,646 to €65,165
- Staff costs +€5,464
up €5,464 (+13.4%), from €40,800 to €46,264
- Depreciation +€2,749
up €2,749 (+56.7%), from €4,851 to €7,601
- Other operating charges -€1,979
down €1,979 (-89.6%), from €2,209 to €230
- Financial charges +€1,539
up €1,539 (+264%), from €583 to €2,122
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 | €139,673 | €153,831 | +€14,158 | +10.1% |
| Fixed assets | 21/28 | €37,835 | €35,375 | -€2,460 | -6.5% |
| Tangible fixed assets | 22/27 | €37,172 | €35,012 | -€2,160 | -5.8% |
| Plant, machinery and equipment | 23 | €11,161 | €8,637 | -€2,523 | -22.6% |
| Furniture and vehicles | 24 | - | €3,007 | +€3,007 | |
| Other tangible fixed assets | 26 | €26,011 | €23,367 | -€2,644 | -10.2% |
| Financial fixed assets | 28 | €663 | €363 | -€300 | -45.2% |
| Current assets | 29/58 | €101,838 | €118,456 | +€16,618 | +16.3% |
| Stocks and contracts in progress | 3 | €69,835 | €73,498 | +€3,662 | +5.2% |
| Stocks | 30/36 | €69,835 | €73,498 | +€3,662 | +5.2% |
| Amounts receivable within one year | 40/41 | €3,693 | €11,802 | +€8,109 | +220% |
| Trade receivables | 40 | €2,173 | €11,624 | +€9,450 | +435% |
| Other amounts receivable | 41 | €1,520 | €178 | -€1,342 | -88.3% |
| Cash at bank and in hand | 54/58 | €27,448 | €29,989 | +€2,540 | +9.3% |
| Deferred charges and accrued income | 490/1 | €861 | €3,168 | +€2,307 | +268% |
| Total equity and liabilities | 10/49 | €139,673 | €153,831 | +€14,158 | +10.1% |
| Equity | 10/15 | €12,396 | €21,117 | +€8,721 | +70.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €8,720 | +€8,720 | |
| Distributable reserves | 133 | - | €8,720 | +€8,720 | |
| Profit (loss) carried forward | 14 | €7,396 | €7,397 | +€1 | 0.0% |
| Amounts payable | 17/49 | €127,277 | €132,714 | +€5,437 | +4.3% |
| Amounts payable after more than one year | 17 | €29,925 | €23,250 | -€6,675 | -22.3% |
| Financial debts | 170/4 | €29,925 | €23,250 | -€6,675 | -22.3% |
| Amounts payable within one year | 42/48 | €97,352 | €109,464 | +€12,112 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,147 | +€4,147 | |
| Trade debts | 44 | €6,237 | €11,296 | +€5,059 | +81.1% |
| Suppliers | 440/4 | €6,237 | €11,296 | +€5,059 | +81.1% |
| Taxes, remuneration and social security | 45 | €6,338 | €8,141 | +€1,803 | +28.4% |
| Taxes | 450/3 | €620 | €2,721 | +€2,102 | +339% |
| Remuneration and social security | 454/9 | €5,719 | €5,420 | -€299 | -5.2% |
| Other amounts payable | 47/48 | €84,777 | €85,880 | +€1,104 | +1.3% |
| Remuneration, social security and pensions | 62 | €40,800 | €46,264 | +€5,464 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,851 | €7,601 | +€2,749 | +56.7% |
| Other operating charges | 640/8 | €2,209 | €230 | -€1,979 | -89.6% |
| Gross operating margin | 9900 | €59,646 | €65,165 | +€5,519 | +9.3% |
| Operating profit (loss) | 9901 | €11,785 | €11,071 | -€715 | -6.1% |
| Financial income | 75/76B | €41 | €644 | +€604 | +1,489% |
| Recurring financial income | 75 | €41 | €644 | +€604 | +1,489% |
| Financial charges | 65/66B | €583 | €2,122 | +€1,539 | +264% |
| Recurring financial charges | 65 | €583 | €2,122 | +€1,539 | +264% |
| Profit (loss) for the period before taxes | 9903 | €11,243 | €9,593 | -€1,650 | -14.7% |
| Income taxes | 67/77 | - | €872 | +€872 | |
| Profit (loss) for the period | 9904 | €11,243 | €8,721 | -€2,522 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,243 | €8,721 | -€2,522 | -22.4% |
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 27 October 2026 via checked.be.