FFW CONSULT: 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.
FFW CONSULT
Largest movements
- Receivables within one year +€55,765
up €55,765 (+210%), from €26,579 to €82,344
of which Other amounts receivable: +€42,074
- Tangible fixed assets -€48,812
down €48,812 (-36.7%), from €132,922 to €84,109
of which Land and buildings: -€32,170
- Cash +€32,529
up €32,529 (+781%), from €4,167 to €36,697
mainly Net result for the year (+€70,774) and Depreciation (+€27,857)
- Reserves +€70,774
up €70,774 (+34.6%), from €204,489 to €275,263
- Debts after one year -€23,038
down €23,038 (-41.6%), from €55,430 to €32,392
- Other debts -€20,987
no longer reported in 2025 (was €20,987)
- Tax, wage and social debts +€11,952
up €11,952 (+86.6%), from €13,794 to €25,746
- Gross operating margin +€61,025
up €61,025 (+87.4%), from €69,816 to €130,841
- Financial income +€27,000
up €27,000 (+597%), from €4,524 to €31,524
of which Non-recurring financial income: +€27,000
- Depreciation +€3,379
up €3,379 (+13.8%), from €24,478 to €27,857
- Taxes +€3,070
up €3,070 (+35.3%), from €8,705 to €11,775
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 | €340,080 | €376,451 | +€36,371 | +10.7% |
| Fixed assets | 21/28 | €143,922 | €94,109 | -€49,812 | -34.6% |
| Tangible fixed assets | 22/27 | €132,922 | €84,109 | -€48,812 | -36.7% |
| Land and buildings | 22 | €44,602 | €12,433 | -€32,170 | -72.1% |
| Plant, machinery and equipment | 23 | €2,295 | €1,174 | -€1,121 | -48.8% |
| Furniture and vehicles | 24 | €9,028 | €16,240 | +€7,213 | +79.9% |
| Leasing and similar rights | 25 | €76,996 | €54,262 | -€22,735 | -29.5% |
| Financial fixed assets | 28 | €11,000 | €10,000 | -€1,000 | -9.1% |
| Current assets | 29/58 | €196,158 | €282,342 | +€86,183 | +43.9% |
| Amounts receivable after more than one year | 29 | €161,000 | €161,000 | = | 0.0% |
| Other amounts receivable | 291 | €161,000 | €161,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,579 | €82,344 | +€55,765 | +210% |
| Trade receivables | 40 | €24,079 | €37,770 | +€13,691 | +56.9% |
| Other amounts receivable | 41 | €2,500 | €44,574 | +€42,074 | +1,683% |
| Cash at bank and in hand | 54/58 | €4,167 | €36,697 | +€32,529 | +781% |
| Deferred charges and accrued income | 490/1 | €4,412 | €2,301 | -€2,111 | -47.8% |
| Total equity and liabilities | 10/49 | €340,080 | €376,451 | +€36,371 | +10.7% |
| Equity | 10/15 | €223,089 | €293,863 | +€70,774 | +31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,489 | €275,263 | +€70,774 | +34.6% |
| Distributable reserves | 133 | €204,489 | €275,263 | +€70,774 | +34.6% |
| Amounts payable | 17/49 | €116,991 | €82,588 | -€34,403 | -29.4% |
| Amounts payable after more than one year | 17 | €55,430 | €32,392 | -€23,038 | -41.6% |
| Financial debts | 170/4 | €55,430 | €32,392 | -€23,038 | -41.6% |
| Amounts payable within one year | 42/48 | €61,561 | €50,197 | -€11,364 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €22,090 | €23,038 | +€948 | +4.3% |
| Trade debts | 44 | €4,689 | €1,412 | -€3,277 | -69.9% |
| Suppliers | 440/4 | €4,689 | €1,412 | -€3,277 | -69.9% |
| Taxes, remuneration and social security | 45 | €13,794 | €25,746 | +€11,952 | +86.6% |
| Taxes | 450/3 | €13,794 | €25,746 | +€11,952 | +86.6% |
| Other amounts payable | 47/48 | €20,987 | - | -€20,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,478 | €27,857 | +€3,379 | +13.8% |
| Other operating charges | 640/8 | €1,548 | €2,029 | +€481 | +31.1% |
| Non-recurring operating charges | 66A | - | €46,711 | +€46,711 | |
| Gross operating margin | 9900 | €69,816 | €130,841 | +€61,025 | +87.4% |
| Operating profit (loss) | 9901 | €43,790 | €54,245 | +€10,454 | +23.9% |
| Financial income | 75/76B | €4,524 | €31,524 | +€27,000 | +597% |
| Recurring financial income | 75 | €4,524 | €4,524 | = | 0.0% |
| Non-recurring financial income | 76B | - | €27,000 | +€27,000 | |
| Financial charges | 65/66B | €3,719 | €3,220 | -€499 | -13.4% |
| Recurring financial charges | 65 | €3,719 | €3,220 | -€499 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €44,595 | €82,549 | +€37,954 | +85.1% |
| Income taxes | 67/77 | €8,705 | €11,775 | +€3,070 | +35.3% |
| Profit (loss) for the period | 9904 | €35,890 | €70,774 | +€34,884 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,890 | €70,774 | +€34,884 | +97.2% |
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 13 October 2026 via checked.be.