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FCC: 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.

What changed

FCC

BE 0859.951.124
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€245,131
2024 · €297,011-€51,880
Equity
€1.1m
2024 · €880,825+€219,945
Cash
€1.1m
2024 · €736,012+€367,492
Balance sheet total
€1.4m
2024 · €1.2m+€210,719

Largest movements

2024 to 2025
Assets
  • Cash +€367,492

    up €367,492 (+49.9%), from €736,012 to €1.1m

    mainly Net result for the year (+€245,131) and Receivables within one year (+€123,542)

  • Receivables within one year -€123,542

    down €123,542 (-56.4%), from €218,989 to €95,447

    of which Trade receivables: -€127,372

  • Tangible fixed assets -€35,844

    down €35,844 (-18.0%), from €199,350 to €163,506

    of which Plant, machinery and equipment: -€20,737

Equity and liabilities
  • Reserves +€160,991

    up €160,991 (+21.2%), from €758,829 to €919,820

    of which Distributable reserves: +€160,991

  • Profit (loss) carried forward +€58,955

    up €58,955 (+57.0%), from €103,396 to €162,351

  • Tax, wage and social debts +€21,459

    up €21,459 (+16.6%), from €129,081 to €150,540

    of which Remuneration and social security: +€48,031

  • Other debts -€20,438

    down €20,438 (-27.5%), from €74,328 to €53,890

Income statement
  • Gross operating margin -€77,392

    down €77,392 (-6.4%), from €1.2m to €1.1m

  • Taxes -€38,156

    down €38,156 (-27.9%), from €136,550 to €98,394

  • Staff costs +€23,359

    up €23,359 (+3.3%), from €707,271 to €730,630

  • Depreciation -€13,456

    down €13,456 (-23.0%), from €58,437 to €44,981

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €297,011
Gross operating margin -€77,392
Staff costs -€23,359
Depreciation +€13,456
Write-downs +€1,687
Other operating charges +€2,879
Financial income -€2,231
Financial charges -€5,075
Taxes +€38,156
Result 2025 €245,131

Cash bridge derived

cash 2024 to 2025

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.

From operations +€405,260
Investment -€8,089
Financing -€29,679
Cash 2024 €736,012
Net result for the year +€245,131
Depreciation +€44,981
Stocks and contracts -€3,480
Receivables within one year +€123,542
Deferred charges and accrued income -€181
Trade debts -€7,986
Tax, wage and social debts +€21,459
Other debts -€20,438
Accrued charges and deferred income +€2,232
Investment in fixed assets (net) -€8,089
Current portion of long-term debt -€4,493
Contributions, distributions and other -€25,186
Cash 2025 €1.1m
Every line side by side 51 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,220,428 €1,431,148 +€210,719 +17.3%
Fixed assets 21/28 €236,342 €199,451 -€36,892 -15.6%
Intangible fixed assets 21 €1,472 €424 -€1,048 -71.2%
Tangible fixed assets 22/27 €199,350 €163,506 -€35,844 -18.0%
Plant, machinery and equipment 23 €131,870 €111,133 -€20,737 -15.7%
Furniture and vehicles 24 €56,578 €44,064 -€12,514 -22.1%
Other tangible fixed assets 26 €10,902 €8,310 -€2,592 -23.8%
Financial fixed assets 28 €35,520 €35,520 = 0.0%
Current assets 29/58 €984,086 €1,231,697 +€247,611 +25.2%
Stocks and contracts in progress 3 €18,845 €22,325 +€3,480 +18.5%
Stocks 30/36 €18,845 €22,325 +€3,480 +18.5%
Amounts receivable within one year 40/41 €218,989 €95,447 -€123,542 -56.4%
Trade receivables 40 €216,807 €89,435 -€127,372 -58.7%
Other amounts receivable 41 €2,182 €6,012 +€3,830 +175.5%
Cash at bank and in hand 54/58 €736,012 €1,103,503 +€367,492 +49.9%
Deferred charges and accrued income 490/1 €10,240 €10,421 +€181 +1.8%
Total equity and liabilities 10/49 €1,220,428 €1,431,148 +€210,719 +17.3%
Equity 10/15 €880,825 €1,100,771 +€219,945 +25.0%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €758,829 €919,820 +€160,991 +21.2%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Distributable reserves 133 €756,969 €917,960 +€160,991 +21.3%
Profit (loss) carried forward 14 €103,396 €162,351 +€58,955 +57.0%
Amounts payable 17/49 €339,603 €330,377 -€9,226 -2.7%
Amounts payable after more than one year 17 €0 - =
Financial debts 170/4 €0 - =
Amounts payable within one year 42/48 €339,603 €328,144 -€11,459 -3.4%
Current portion of amounts payable after more than one year 42 €4,493 €0 -€4,493 -100.0%
Trade debts 44 €131,701 €123,714 -€7,986 -6.1%
Suppliers 440/4 €131,701 €123,714 -€7,986 -6.1%
Taxes, remuneration and social security 45 €129,081 €150,540 +€21,459 +16.6%
Taxes 450/3 €64,358 €37,786 -€26,572 -41.3%
Remuneration and social security 454/9 €64,723 €112,754 +€48,031 +74.2%
Other amounts payable 47/48 €74,328 €53,890 -€20,438 -27.5%
Accrued charges and deferred income 492/3 - €2,232 +€2,232
Non-recurring operating income 76A €0 - =
Remuneration, social security and pensions 62 €707,271 €730,630 +€23,359 +3.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €58,437 €44,981 -€13,456 -23.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €1,687 €0 -€1,687 -100.0%
Other operating charges 640/8 €21,848 €18,969 -€2,879 -13.2%
Gross operating margin 9900 €1,210,490 €1,133,098 -€77,392 -6.4%
Operating profit (loss) 9901 €421,248 €338,518 -€82,730 -19.6%
Financial income 75/76B €14,286 €12,054 -€2,231 -15.6%
Recurring financial income 75 €14,286 €12,054 -€2,231 -15.6%
Financial charges 65/66B €1,972 €7,047 +€5,075 +257.3%
Recurring financial charges 65 €1,972 €7,047 +€5,075 +257.3%
Profit (loss) for the period before taxes 9903 €433,562 €343,525 -€90,037 -20.8%
Income taxes 67/77 €136,550 €98,394 -€38,156 -27.9%
Profit (loss) for the period 9904 €297,011 €245,131 -€51,880 -17.5%
Profit (loss) for the period to be appropriated 9905 €297,011 €245,131 -€51,880 -17.5%

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 30 September 2026 via checked.be.