FFL: 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.
FFL
Largest movements
- Receivables within one year -€18,912
down €18,912 (-70.2%), from €26,926 to €8,014
of which Trade receivables: -€19,436
- Cash +€13,120
up €13,120 (+124.0%), from €10,581 to €23,701
mainly Other debts (+€21,434) and Receivables within one year (+€18,912)
- Deferred charges and accrued income -€11,973
down €11,973 (-91.3%), from €13,120 to €1,147
- Other debts +€21,434
up €21,434 (+46.8%), from €45,784 to €67,218
- Trade debts -€19,344
down €19,344 (-92.1%), from €21,014 to €1,670
- Debts after one year -€17,575
down €17,575 (-8.1%), from €216,034 to €198,459
- Profit (loss) carried forward -€6,331
down €6,331 (-86.6%), from -€7,313 to -€13,645
- Gross operating margin -€11,390
down €11,390 (-18.5%), from €61,550 to €50,159
- Financial charges +€3,299
up €3,299 (+41.6%), from €7,928 to €11,227
of which Non-recurring financial charges: +€4,347
- Depreciation +€2,597
up €2,597 (+21.5%), from €12,086 to €14,682
- Staff costs -€650
down €650 (-2.4%), from €27,597 to €26,947
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,238 | €297,611 | -€20,627 | -6.5% |
| Fixed assets | 21/28 | €265,855 | €263,072 | -€2,782 | -1.0% |
| Tangible fixed assets | 22/27 | €265,555 | €262,772 | -€2,782 | -1.0% |
| Land and buildings | 22 | €260,877 | €250,640 | -€10,237 | -3.9% |
| Plant, machinery and equipment | 23 | €795 | €297 | -€497 | -62.6% |
| Furniture and vehicles | 24 | €3,883 | €11,835 | +€7,952 | +204.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €52,383 | €34,539 | -€17,844 | -34.1% |
| Stocks and contracts in progress | 3 | €1,755 | €1,676 | -€79 | -4.5% |
| Stocks | 30/36 | €1,755 | €1,676 | -€79 | -4.5% |
| Amounts receivable within one year | 40/41 | €26,926 | €8,014 | -€18,912 | -70.2% |
| Trade receivables | 40 | €26,666 | €7,229 | -€19,436 | -72.9% |
| Other amounts receivable | 41 | €261 | €785 | +€524 | +201.1% |
| Cash at bank and in hand | 54/58 | €10,581 | €23,701 | +€13,120 | +124.0% |
| Deferred charges and accrued income | 490/1 | €13,120 | €1,147 | -€11,973 | -91.3% |
| Total equity and liabilities | 10/49 | €318,238 | €297,611 | -€20,627 | -6.5% |
| Equity | 10/15 | €13,147 | €6,815 | -€6,331 | -48.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€7,313 | -€13,645 | -€6,331 | -86.6% |
| Amounts payable | 17/49 | €305,091 | €290,796 | -€14,295 | -4.7% |
| Amounts payable after more than one year | 17 | €216,034 | €198,459 | -€17,575 | -8.1% |
| Financial debts | 170/4 | €216,034 | €198,459 | -€17,575 | -8.1% |
| Amounts payable within one year | 42/48 | €87,957 | €89,835 | +€1,878 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €16,431 | €17,212 | +€781 | +4.8% |
| Trade debts | 44 | €21,014 | €1,670 | -€19,344 | -92.1% |
| Suppliers | 440/4 | €21,014 | €1,670 | -€19,344 | -92.1% |
| Taxes, remuneration and social security | 45 | €4,728 | €3,735 | -€993 | -21.0% |
| Taxes | 450/3 | €934 | €99 | -€834 | -89.4% |
| Remuneration and social security | 454/9 | €3,794 | €3,636 | -€158 | -4.2% |
| Other amounts payable | 47/48 | €45,784 | €67,218 | +€21,434 | +46.8% |
| Accrued charges and deferred income | 492/3 | €1,100 | €2,502 | +€1,402 | +127.4% |
| Remuneration, social security and pensions | 62 | €27,597 | €26,947 | -€650 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,086 | €14,682 | +€2,597 | +21.5% |
| Other operating charges | 640/8 | €4,280 | €3,839 | -€441 | -10.3% |
| Gross operating margin | 9900 | €61,550 | €50,159 | -€11,390 | -18.5% |
| Operating profit (loss) | 9901 | €17,587 | €4,691 | -€12,896 | -73.3% |
| Financial income | 75/76B | €216 | €230 | +€15 | +6.8% |
| Recurring financial income | 75 | €216 | €230 | +€15 | +6.8% |
| Financial charges | 65/66B | €7,928 | €11,227 | +€3,299 | +41.6% |
| Recurring financial charges | 65 | €7,928 | €6,880 | -€1,048 | -13.2% |
| Non-recurring financial charges | 66B | - | €4,347 | +€4,347 | |
| Profit (loss) for the period before taxes | 9903 | €9,875 | -€6,306 | -€16,180 | |
| Income taxes | 67/77 | €110 | €26 | -€84 | -76.7% |
| Profit (loss) for the period | 9904 | €9,764 | -€6,331 | -€16,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,764 | -€6,331 | -€16,096 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.