FCT: 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.
FCT
Largest movements
- Cash -€37,700
down €37,700 (-37.6%), from €100,393 to €62,694
mainly Trade debts (-€36,438) and Debts after one year (-€16,083)
- Tangible fixed assets -€28,890
down €28,890 (-37.1%), from €77,888 to €48,998
of which Furniture and vehicles: -€18,980
- Receivables within one year -€5,552
down €5,552 (-43.3%), from €12,835 to €7,283
of which Other amounts receivable: -€7,400
- Deferred charges and accrued income -€5,062
down €5,062 (-86.1%), from €5,879 to €817
- Trade debts -€36,438
down €36,438 (-89.4%), from €40,775 to €4,337
- Debts after one year -€16,083
down €16,083 (-61.8%), from €26,009 to €9,927
- Current portion of long-term debt -€9,711
down €9,711 (-37.6%), from €25,794 to €16,083
- Reserves -€7,720
down €7,720 (-7.0%), from €109,593 to €101,873
of which Distributable reserves: -€7,720
- Profit (loss) carried forward -€5,986
down €5,986 (-7.1%), from -€84,329 to -€90,315
- Staff costs -€19,958
down €19,958 (-6.5%), from €305,399 to €285,442
- Depreciation -€7,626
down €7,626 (-16.6%), from €45,966 to €38,341
- Gross operating margin -€4,180
down €4,180 (-1.3%), from €330,893 to €326,712
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 | €211,370 | €134,327 | -€77,043 | -36.4% |
| Fixed assets | 21/28 | €85,183 | €56,293 | -€28,890 | -33.9% |
| Tangible fixed assets | 22/27 | €77,888 | €48,998 | -€28,890 | -37.1% |
| Plant, machinery and equipment | 23 | €27,547 | €16,026 | -€11,521 | -41.8% |
| Furniture and vehicles | 24 | €39,022 | €20,043 | -€18,980 | -48.6% |
| Other tangible fixed assets | 26 | €11,319 | €12,930 | +€1,611 | +14.2% |
| Financial fixed assets | 28 | €7,295 | €7,295 | = | 0.0% |
| Current assets | 29/58 | €126,187 | €78,034 | -€48,153 | -38.2% |
| Stocks and contracts in progress | 3 | €7,080 | €7,240 | +€160 | +2.3% |
| Stocks | 30/36 | €7,080 | €7,240 | +€160 | +2.3% |
| Amounts receivable within one year | 40/41 | €12,835 | €7,283 | -€5,552 | -43.3% |
| Trade receivables | 40 | €5,400 | €7,248 | +€1,849 | +34.2% |
| Other amounts receivable | 41 | €7,435 | €35 | -€7,400 | -99.5% |
| Cash at bank and in hand | 54/58 | €100,393 | €62,694 | -€37,700 | -37.6% |
| Deferred charges and accrued income | 490/1 | €5,879 | €817 | -€5,062 | -86.1% |
| Total equity and liabilities | 10/49 | €211,370 | €134,327 | -€77,043 | -36.4% |
| Equity | 10/15 | €43,864 | €30,158 | -€13,706 | -31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,593 | €101,873 | -€7,720 | -7.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €109,593 | €101,873 | -€7,720 | -7.0% |
| Profit (loss) carried forward | 14 | -€84,329 | -€90,315 | -€5,986 | -7.1% |
| Amounts payable | 17/49 | €167,507 | €104,170 | -€63,337 | -37.8% |
| Amounts payable after more than one year | 17 | €26,009 | €9,927 | -€16,083 | -61.8% |
| Financial debts | 170/4 | €26,009 | €9,927 | -€16,083 | -61.8% |
| Amounts payable within one year | 42/48 | €141,497 | €94,243 | -€47,254 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €25,794 | €16,083 | -€9,711 | -37.6% |
| Trade debts | 44 | €40,775 | €4,337 | -€36,438 | -89.4% |
| Suppliers | 440/4 | €40,775 | €4,337 | -€36,438 | -89.4% |
| Taxes, remuneration and social security | 45 | €43,836 | €42,166 | -€1,670 | -3.8% |
| Taxes | 450/3 | €23,245 | €19,100 | -€4,144 | -17.8% |
| Remuneration and social security | 454/9 | €20,592 | €23,066 | +€2,474 | +12.0% |
| Other amounts payable | 47/48 | €31,092 | €31,657 | +€565 | +1.8% |
| Remuneration, social security and pensions | 62 | €305,399 | €285,442 | -€19,958 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,966 | €38,341 | -€7,626 | -16.6% |
| Other operating charges | 640/8 | €2,417 | €3,009 | +€592 | +24.5% |
| Gross operating margin | 9900 | €330,893 | €326,712 | -€4,180 | -1.3% |
| Operating profit (loss) | 9901 | -€22,889 | -€79 | +€22,811 | +99.7% |
| Financial income | 75/76B | €314 | €647 | +€333 | +106.0% |
| Recurring financial income | 75 | €314 | €647 | +€333 | +106.0% |
| Financial charges | 65/66B | €4,773 | €3,766 | -€1,006 | -21.1% |
| Recurring financial charges | 65 | €4,773 | €3,766 | -€1,006 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,348 | -€3,198 | +€24,150 | +88.3% |
| Income taxes | 67/77 | €104 | €2,788 | +€2,684 | +2572.6% |
| Profit (loss) for the period | 9904 | -€27,452 | -€5,986 | +€21,466 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,452 | -€5,986 | +€21,466 | +78.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.