FF GROUP: 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.
FF GROUP
Largest movements
- Stocks and contracts +€11,631
up €11,631 (+118.2%), from €9,837 to €21,467
- Receivables within one year +€11,350
up €11,350 (+51.6%), from €22,007 to €33,358
of which Trade receivables: +€11,358
- Cash +€2,087
up €2,087 (+14.2%), from €14,709 to €16,796
mainly Trade debts (+€13,477) and Net result for the year (+€13,240)
- Deferred charges and accrued income +€1,530
new in 2025: €1,530
- Trade debts +€13,477
up €13,477 (+2218.5%), from €607 to €14,084
- Profit (loss) carried forward +€13,240
up €13,240 (+73.0%), from €18,142 to €31,382
- Other debts -€9,576
down €9,576 (-56.2%), from €17,051 to €7,475
- Tax, wage and social debts +€8,365
up €8,365 (+330.4%), from €2,532 to €10,897
- Gross operating margin +€15,225
up €15,225 (+153.0%), from €9,954 to €25,179
- Taxes +€4,879
up €4,879 (+253.1%), from €1,928 to €6,806
- Other operating charges -€2,602
down €2,602 (-59.1%), from €4,399 to €1,797
- Financial charges -€359
down €359 (-13.8%), from €2,604 to €2,245
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 | €54,832 | €80,338 | +€25,507 | +46.5% |
| Fixed assets | 21/28 | €8,278 | €7,188 | -€1,091 | -13.2% |
| Intangible fixed assets | 21 | €1,792 | €1,292 | -€500 | -27.9% |
| Tangible fixed assets | 22/27 | €1,087 | €496 | -€591 | -54.3% |
| Furniture and vehicles | 24 | €1,087 | €496 | -€591 | -54.3% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €46,553 | €73,151 | +€26,597 | +57.1% |
| Stocks and contracts in progress | 3 | €9,837 | €21,467 | +€11,631 | +118.2% |
| Stocks | 30/36 | €9,837 | €21,467 | +€11,631 | +118.2% |
| Amounts receivable within one year | 40/41 | €22,007 | €33,358 | +€11,350 | +51.6% |
| Trade receivables | 40 | €21,999 | €33,358 | +€11,358 | +51.6% |
| Other amounts receivable | 41 | €8 | - | -€8 | |
| Cash at bank and in hand | 54/58 | €14,709 | €16,796 | +€2,087 | +14.2% |
| Deferred charges and accrued income | 490/1 | - | €1,530 | +€1,530 | |
| Total equity and liabilities | 10/49 | €54,832 | €80,338 | +€25,507 | +46.5% |
| Equity | 10/15 | €34,642 | €47,882 | +€13,240 | +38.2% |
| Contributions | 10/11 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,142 | €31,382 | +€13,240 | +73.0% |
| Amounts payable | 17/49 | €20,190 | €32,457 | +€12,267 | +60.8% |
| Amounts payable within one year | 42/48 | €20,190 | €32,457 | +€12,267 | +60.8% |
| Trade debts | 44 | €607 | €14,084 | +€13,477 | +2218.5% |
| Suppliers | 440/4 | €607 | €14,084 | +€13,477 | +2218.5% |
| Taxes, remuneration and social security | 45 | €2,532 | €10,897 | +€8,365 | +330.4% |
| Taxes | 450/3 | €2,532 | €10,897 | +€8,365 | +330.4% |
| Other amounts payable | 47/48 | €17,051 | €7,475 | -€9,576 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,091 | €1,091 | = | 0.0% |
| Other operating charges | 640/8 | €4,399 | €1,797 | -€2,602 | -59.1% |
| Gross operating margin | 9900 | €9,954 | €25,179 | +€15,225 | +153.0% |
| Operating profit (loss) | 9901 | €4,465 | €22,292 | +€17,827 | +399.3% |
| Financial charges | 65/66B | €2,604 | €2,245 | -€359 | -13.8% |
| Recurring financial charges | 65 | €2,604 | €2,245 | -€359 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €1,860 | €20,047 | +€18,186 | +977.6% |
| Income taxes | 67/77 | €1,928 | €6,806 | +€4,879 | +253.1% |
| Profit (loss) for the period | 9904 | -€67 | €13,240 | +€13,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67 | €13,240 | +€13,308 |
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 3 October 2026 via checked.be.