FCLE INVEST: 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.
FCLE INVEST
Largest movements
- Cash -€234,548
down €234,548 (-76.2%), from €307,641 to €73,093
mainly Contributions, distributions and other (-€700,000) and Debts after one year (-€100,000)
- Current investments +€60,484
up €60,484 (+60.5%), from €100,000 to €160,484
- Profit (loss) carried forward -€200,692
down €200,692 (-30.0%), from €669,565 to €468,874
- Other debts +€140,000
up €140,000 (+28.0%), from €500,000 to €640,000
- Debts after one year -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Financial income +€100,985
up €100,985 (+33.7%), from €300,000 to €400,985
- Gross operating margin +€26,699
up €26,699 (+24.4%), from €109,273 to €135,972
- Taxes +€7,399
up €7,399 (+37.2%), from €19,865 to €27,264
- Financial charges -€1,453
down €1,453 (-17.9%), from €8,103 to €6,650
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 | €1,634,141 | €1,466,307 | -€167,834 | -10.3% |
| Fixed assets | 21/28 | €1,202,493 | €1,206,833 | +€4,340 | +0.4% |
| Tangible fixed assets | 22/27 | €2,493 | €6,833 | +€4,340 | +174% |
| Furniture and vehicles | 24 | €939 | €2,562 | +€1,622 | +173% |
| Other tangible fixed assets | 26 | €1,553 | €4,271 | +€2,718 | +175% |
| Financial fixed assets | 28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Current assets | 29/58 | €431,648 | €259,474 | -€172,174 | -39.9% |
| Amounts receivable within one year | 40/41 | €22,331 | €24,087 | +€1,756 | +7.9% |
| Trade receivables | 40 | €22,331 | €24,087 | +€1,756 | +7.9% |
| Current investments | 50/53 | €100,000 | €160,484 | +€60,484 | +60.5% |
| Cash at bank and in hand | 54/58 | €307,641 | €73,093 | -€234,548 | -76.2% |
| Deferred charges and accrued income | 490/1 | €1,676 | €1,811 | +€134 | +8.0% |
| Total equity and liabilities | 10/49 | €1,634,141 | €1,466,307 | -€167,834 | -10.3% |
| Equity | 10/15 | €689,565 | €488,874 | -€200,692 | -29.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €669,565 | €468,874 | -€200,692 | -30.0% |
| Amounts payable | 17/49 | €944,576 | €977,433 | +€32,857 | +3.5% |
| Amounts payable after more than one year | 17 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Financial debts | 170/4 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Amounts payable within one year | 42/48 | €644,127 | €777,433 | +€133,305 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €127,099 | €115,400 | -€11,700 | -9.2% |
| Trade debts | 44 | €2,741 | €3,338 | +€597 | +21.8% |
| Suppliers | 440/4 | €2,741 | €3,338 | +€597 | +21.8% |
| Taxes, remuneration and social security | 45 | €14,287 | €18,695 | +€4,408 | +30.9% |
| Taxes | 450/3 | €14,287 | €18,695 | +€4,408 | +30.9% |
| Other amounts payable | 47/48 | €500,000 | €640,000 | +€140,000 | +28.0% |
| Accrued charges and deferred income | 492/3 | €448 | - | -€448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,100 | €2,436 | +€336 | +16.0% |
| Other operating charges | 640/8 | €1,263 | €1,299 | +€37 | +2.9% |
| Gross operating margin | 9900 | €109,273 | €135,972 | +€26,699 | +24.4% |
| Operating profit (loss) | 9901 | €105,910 | €132,237 | +€26,327 | +24.9% |
| Financial income | 75/76B | €300,000 | €400,985 | +€100,985 | +33.7% |
| Recurring financial income | 75 | €300,000 | €400,985 | +€100,985 | +33.7% |
| Financial charges | 65/66B | €8,103 | €6,650 | -€1,453 | -17.9% |
| Recurring financial charges | 65 | €8,103 | €6,650 | -€1,453 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €397,807 | €526,572 | +€128,765 | +32.4% |
| Income taxes | 67/77 | €19,865 | €27,264 | +€7,399 | +37.2% |
| Profit (loss) for the period | 9904 | €377,942 | €499,308 | +€121,366 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €377,942 | €499,308 | +€121,366 | +32.1% |
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 31 October 2026 via checked.be.