FFAM: 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.
FFAM
Largest movements
- Cash -€17,267
down €17,267 (-37.1%), from €46,542 to €29,275
mainly Contributions, distributions and other (-€41,000) and Receivables within one year (-€8,146)
- Receivables within one year +€8,146
up €8,146 (+71.6%), from €11,384 to €19,530
of which Trade receivables: +€9,831
- Tangible fixed assets +€1,541
up €1,541 (+53.3%), from €2,892 to €4,433
of which Plant, machinery and equipment: +€2,435
- Reserves -€45,400
down €45,400 (-100.0%), from €45,400 to €0
- Other debts +€20,141
up €20,141 (+2344.7%), from €859 to €21,000
- Profit (loss) carried forward +€16,633
up €16,633 (+276.3%), from €6,019 to €22,652
- Tax, wage and social debts +€683
up €683 (+7.6%), from €9,029 to €9,712
of which Taxes: +€683
- Gross operating margin +€7,290
up €7,290 (+77.0%), from €9,470 to €16,759
- Taxes +€1,523
up €1,523 (+79.3%), from €1,920 to €3,443
- Depreciation +€456
up €456 (+51.0%), from €894 to €1,351
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 | €61,442 | €53,543 | -€7,899 | -12.9% |
| Fixed assets | 21/28 | €2,892 | €4,433 | +€1,541 | +53.3% |
| Tangible fixed assets | 22/27 | €2,892 | €4,433 | +€1,541 | +53.3% |
| Plant, machinery and equipment | 23 | - | €2,435 | +€2,435 | |
| Furniture and vehicles | 24 | €2,892 | €1,998 | -€894 | -30.9% |
| Current assets | 29/58 | €58,549 | €49,109 | -€9,440 | -16.1% |
| Amounts receivable within one year | 40/41 | €11,384 | €19,530 | +€8,146 | +71.6% |
| Trade receivables | 40 | €0 | €9,831 | +€9,831 | |
| Other amounts receivable | 41 | €11,384 | €9,698 | -€1,686 | -14.8% |
| Cash at bank and in hand | 54/58 | €46,542 | €29,275 | -€17,267 | -37.1% |
| Deferred charges and accrued income | 490/1 | €623 | €305 | -€319 | -51.1% |
| Total equity and liabilities | 10/49 | €61,442 | €53,543 | -€7,899 | -12.9% |
| Equity | 10/15 | €51,519 | €22,752 | -€28,767 | -55.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €45,400 | €0 | -€45,400 | -100.0% |
| Distributable reserves | 133 | €45,400 | €0 | -€45,400 | -100.0% |
| Profit (loss) carried forward | 14 | €6,019 | €22,652 | +€16,633 | +276.3% |
| Amounts payable | 17/49 | €9,923 | €30,791 | +€20,868 | +210.3% |
| Amounts payable within one year | 42/48 | €9,923 | €30,791 | +€20,868 | +210.3% |
| Trade debts | 44 | €35 | €79 | +€44 | +125.3% |
| Suppliers | 440/4 | €35 | €79 | +€44 | +125.3% |
| Taxes, remuneration and social security | 45 | €9,029 | €9,712 | +€683 | +7.6% |
| Taxes | 450/3 | €9,029 | €9,712 | +€683 | +7.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €859 | €21,000 | +€20,141 | +2344.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €1,351 | +€456 | +51.0% |
| Other operating charges | 640/8 | €204 | €210 | +€6 | +2.7% |
| Gross operating margin | 9900 | €9,470 | €16,759 | +€7,290 | +77.0% |
| Operating profit (loss) | 9901 | €8,371 | €15,199 | +€6,828 | +81.6% |
| Financial income | 75/76B | €521 | €657 | +€136 | +26.1% |
| Recurring financial income | 75 | €521 | €657 | +€136 | +26.1% |
| Financial charges | 65/66B | €214 | €180 | -€33 | -15.6% |
| Recurring financial charges | 65 | €214 | €180 | -€33 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €8,678 | €15,675 | +€6,998 | +80.6% |
| Income taxes | 67/77 | €1,920 | €3,443 | +€1,523 | +79.3% |
| Profit (loss) for the period | 9904 | €6,758 | €12,233 | +€5,474 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,758 | €12,233 | +€5,474 | +81.0% |
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 10 October 2026 via checked.be.