FF-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.
FF-INVEST
Largest movements
- Tangible fixed assets +€33,405
up €33,405 (+4.6%), from €731,824 to €765,229
of which Land and buildings: +€33,555
- Cash -€9,675
down €9,675 (-42.1%), from €22,976 to €13,301
mainly Investment in fixed assets (net) (-€54,000) and Debts after one year (-€32,398)
- Other debts +€49,250
up €49,250 (+16.8%), from €293,846 to €343,096
- Debts after one year -€32,398
down €32,398 (-12.8%), from €253,508 to €221,110
of which Financial debts: -€33,398
- Gross operating margin -€5,232
down €5,232 (-12.3%), from €42,453 to €37,221
- Financial charges +€5,085
up €5,085 (+82.4%), from €6,170 to €11,255
- Other operating charges -€1,172
down €1,172 (-47.4%), from €2,475 to €1,303
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 | €765,833 | €788,925 | +€23,091 | +3.0% |
| Fixed assets | 21/28 | €731,824 | €765,229 | +€33,405 | +4.6% |
| Tangible fixed assets | 22/27 | €731,824 | €765,229 | +€33,405 | +4.6% |
| Land and buildings | 22 | €725,994 | €759,550 | +€33,555 | +4.6% |
| Plant, machinery and equipment | 23 | €830 | €679 | -€150 | -18.1% |
| Other tangible fixed assets | 26 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €34,010 | €23,696 | -€10,313 | -30.3% |
| Amounts receivable within one year | 40/41 | €9,698 | €10,120 | +€422 | +4.3% |
| Trade receivables | 40 | €9,696 | €10,120 | +€424 | +4.4% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €22,976 | €13,301 | -€9,675 | -42.1% |
| Deferred charges and accrued income | 490/1 | €1,335 | €275 | -€1,060 | -79.4% |
| Total equity and liabilities | 10/49 | €765,833 | €788,925 | +€23,091 | +3.0% |
| Equity | 10/15 | €175,057 | €179,126 | +€4,069 | +2.3% |
| Contributions | 10/11 | €257,913 | €257,913 | = | 0.0% |
| Reserves | 13 | €47,640 | €47,640 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,220 | €46,220 | = | 0.0% |
| Distributable reserves | 133 | €1,419 | €1,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,496 | -€126,427 | +€4,069 | +3.1% |
| Amounts payable | 17/49 | €590,777 | €609,799 | +€19,022 | +3.2% |
| Amounts payable after more than one year | 17 | €253,508 | €221,110 | -€32,398 | -12.8% |
| Financial debts | 170/4 | €253,508 | €220,110 | -€33,398 | -13.2% |
| Other amounts payable | 178/9 | - | €1,000 | +€1,000 | |
| Amounts payable within one year | 42/48 | €337,185 | €388,520 | +€51,335 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €36,327 | €35,729 | -€598 | -1.6% |
| Trade debts | 44 | €4,865 | €5,361 | +€495 | +10.2% |
| Suppliers | 440/4 | €4,865 | €5,361 | +€495 | +10.2% |
| Taxes, remuneration and social security | 45 | €2,146 | €4,333 | +€2,187 | +102% |
| Taxes | 450/3 | €2,146 | €4,333 | +€2,187 | +102% |
| Other amounts payable | 47/48 | €293,846 | €343,096 | +€49,250 | +16.8% |
| Accrued charges and deferred income | 492/3 | €84 | €170 | +€86 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,462 | €20,595 | +€133 | +0.6% |
| Other operating charges | 640/8 | €2,475 | €1,303 | -€1,172 | -47.4% |
| Gross operating margin | 9900 | €42,453 | €37,221 | -€5,232 | -12.3% |
| Operating profit (loss) | 9901 | €19,516 | €15,324 | -€4,192 | -21.5% |
| Financial income | 75/76B | €42 | €1 | -€41 | -98.4% |
| Recurring financial income | 75 | €42 | €1 | -€41 | -98.4% |
| Financial charges | 65/66B | €6,170 | €11,255 | +€5,085 | +82.4% |
| Recurring financial charges | 65 | €6,170 | €11,255 | +€5,085 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | €13,388 | €4,069 | -€9,319 | -69.6% |
| Profit (loss) for the period | 9904 | €13,388 | €4,069 | -€9,319 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,388 | €4,069 | -€9,319 | -69.6% |
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 24 October 2026 via checked.be.