FFAB: 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.
FFAB
Largest movements
- Stocks and contracts +€300,134
up €300,134 (+4397.3%), from €6,825 to €306,959
- Receivables within one year +€106,769
up €106,769 (+216.8%), from €49,256 to €156,025
of which Trade receivables: +€132,152
- Cash -€17,927
down €17,927 (-22.8%), from €78,687 to €60,760
mainly Stocks and contracts (-€300,134) and Receivables within one year (-€106,769)
- Tangible fixed assets -€6,944
down €6,944 (-19.0%), from €36,486 to €29,542
of which Furniture and vehicles: -€7,789
- Other debts +€344,799
up €344,799 (+470.9%), from €73,217 to €418,017
- Trade debts +€66,964
up €66,964 (+353.0%), from €18,970 to €85,934
- Reserves -€29,995
down €29,995 (-43.4%), from €69,067 to €39,073
- Gross operating margin -€68,289
down €68,289, from €50,098 to -€18,191
- Financial charges -€11,697
down €11,697 (-88.2%), from €13,260 to €1,563
- Taxes -€7,293
down €7,293 (-96.5%), from €7,555 to €262
- Depreciation +€2,364
up €2,364 (+42.3%), from €5,592 to €7,956
- Other operating charges -€1,299
down €1,299 (-36.4%), from €3,572 to €2,273
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 | €171,254 | €553,286 | +€382,032 | +223.1% |
| Fixed assets | 21/28 | €36,486 | €29,542 | -€6,944 | -19.0% |
| Tangible fixed assets | 22/27 | €36,486 | €29,542 | -€6,944 | -19.0% |
| Plant, machinery and equipment | 23 | €83 | €927 | +€844 | +1019.0% |
| Furniture and vehicles | 24 | €36,403 | €28,615 | -€7,789 | -21.4% |
| Current assets | 29/58 | €134,768 | €523,744 | +€388,976 | +288.6% |
| Stocks and contracts in progress | 3 | €6,825 | €306,959 | +€300,134 | +4397.3% |
| Stocks | 30/36 | €6,825 | €306,959 | +€300,134 | +4397.3% |
| Amounts receivable within one year | 40/41 | €49,256 | €156,025 | +€106,769 | +216.8% |
| Trade receivables | 40 | €7,342 | €139,493 | +€132,152 | +1800.0% |
| Other amounts receivable | 41 | €41,914 | €16,531 | -€25,383 | -60.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €78,687 | €60,760 | -€17,927 | -22.8% |
| Total equity and liabilities | 10/49 | €171,254 | €553,286 | +€382,032 | +223.1% |
| Equity | 10/15 | €79,067 | €49,073 | -€29,995 | -37.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €69,067 | €39,073 | -€29,995 | -43.4% |
| Distributable reserves | 133 | €69,067 | €39,073 | -€29,995 | -43.4% |
| Amounts payable | 17/49 | €92,187 | €504,213 | +€412,026 | +446.9% |
| Amounts payable within one year | 42/48 | €92,187 | €504,213 | +€412,026 | +446.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €18,970 | €85,934 | +€66,964 | +353.0% |
| Suppliers | 440/4 | €18,970 | €85,934 | +€66,964 | +353.0% |
| Taxes, remuneration and social security | 45 | €0 | €262 | +€262 | |
| Taxes | 450/3 | €0 | €262 | +€262 | |
| Other amounts payable | 47/48 | €73,217 | €418,017 | +€344,799 | +470.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €99 | €0 | -€99 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,592 | €7,956 | +€2,364 | +42.3% |
| Other operating charges | 640/8 | €3,572 | €2,273 | -€1,299 | -36.4% |
| Gross operating margin | 9900 | €50,098 | -€18,191 | -€68,289 | |
| Operating profit (loss) | 9901 | €40,835 | -€28,420 | -€69,255 | |
| Financial income | 75/76B | €497 | €251 | -€246 | -49.5% |
| Recurring financial income | 75 | €497 | €251 | -€246 | -49.5% |
| Financial charges | 65/66B | €13,260 | €1,563 | -€11,697 | -88.2% |
| Recurring financial charges | 65 | €13,260 | €1,563 | -€11,697 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €28,072 | -€29,732 | -€57,804 | |
| Income taxes | 67/77 | €7,555 | €262 | -€7,293 | -96.5% |
| Profit (loss) for the period | 9904 | €20,517 | -€29,995 | -€50,512 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,517 | -€29,995 | -€50,512 |
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 5 October 2026 via checked.be.