FK WEB: 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.
FK WEB
Largest movements
- Receivables within one year -€100,446
down €100,446 (-47.7%), from €210,492 to €110,046
- Stocks and contracts +€92,839
up €92,839 (+11.6%), from €803,227 to €896,065
- Tangible fixed assets -€48,555
down €48,555 (-6.4%), from €755,022 to €706,467
of which Other tangible fixed assets: -€38,478
- Cash -€41,805
down €41,805 (-27.9%), from €149,975 to €108,171
- Other debts +€262,505
up €262,505 (+194.3%), from €135,076 to €397,581
- Profit (loss) carried forward -€244,744
down €244,744, from €161,534 to -€83,210
- Debts after one year -€145,146
down €145,146 (-39.7%), from €365,988 to €220,842
- Trade debts -€20,745
down €20,745 (-1.8%), from €1.2m to €1.1m
- Gross operating margin +€903,121
up €903,121 (+416.8%), from €216,689 to €1.1m
- Staff costs +€847,193
up €847,193 (+405.3%), from €209,030 to €1.1m
- Depreciation +€128,528
up €128,528 (+361.5%), from €35,550 to €164,077
- Financial charges +€64,709
up €64,709 (+1126.2%), from €5,746 to €70,455
- Other operating charges +€28,077
up €28,077 (+312.0%), from €8,999 to €37,076
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,054,811 | €1,933,456 | -€121,355 | -5.9% |
| Formation expenses | 20 | €49,281 | €34,405 | -€14,876 | -30.2% |
| Fixed assets | 21/28 | €841,836 | €780,621 | -€61,215 | -7.3% |
| Intangible fixed assets | 21 | €60,000 | €43,000 | -€17,000 | -28.3% |
| Tangible fixed assets | 22/27 | €755,022 | €706,467 | -€48,555 | -6.4% |
| Plant, machinery and equipment | 23 | €14,082 | €7,042 | -€7,040 | -50.0% |
| Furniture and vehicles | 24 | €10,258 | €5,182 | -€5,076 | -49.5% |
| Leasing and similar rights | 25 | - | €2,040 | +€2,040 | |
| Other tangible fixed assets | 26 | €730,682 | €692,204 | -€38,478 | -5.3% |
| Financial fixed assets | 28 | €26,814 | €31,154 | +€4,340 | +16.2% |
| Current assets | 29/58 | €1,163,694 | €1,118,429 | -€45,265 | -3.9% |
| Stocks and contracts in progress | 3 | €803,227 | €896,065 | +€92,839 | +11.6% |
| Stocks | 30/36 | €803,227 | €896,065 | +€92,839 | +11.6% |
| Amounts receivable within one year | 40/41 | €210,492 | €110,046 | -€100,446 | -47.7% |
| Trade receivables | 40 | €210,492 | €110,046 | -€100,446 | -47.7% |
| Cash at bank and in hand | 54/58 | €149,975 | €108,171 | -€41,805 | -27.9% |
| Deferred charges and accrued income | 490/1 | - | €4,148 | +€4,148 | |
| Total equity and liabilities | 10/49 | €2,054,811 | €1,933,456 | -€121,355 | -5.9% |
| Equity | 10/15 | €229,184 | -€15,560 | -€244,744 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,534 | -€83,210 | -€244,744 | |
| Amounts payable | 17/49 | €1,825,627 | €1,949,016 | +€123,389 | +6.8% |
| Amounts payable after more than one year | 17 | €365,988 | €220,842 | -€145,146 | -39.7% |
| Financial debts | 170/4 | €365,988 | €220,842 | -€145,146 | -39.7% |
| Amounts payable within one year | 42/48 | €1,459,639 | €1,717,390 | +€257,751 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €39,712 | €42,358 | +€2,646 | +6.7% |
| Trade debts | 44 | €1,163,688 | €1,142,943 | -€20,745 | -1.8% |
| Suppliers | 440/4 | €1,163,688 | €1,142,943 | -€20,745 | -1.8% |
| Taxes, remuneration and social security | 45 | €121,163 | €134,508 | +€13,345 | +11.0% |
| Taxes | 450/3 | €85,101 | €52,987 | -€32,114 | -37.7% |
| Remuneration and social security | 454/9 | €36,062 | €81,521 | +€45,459 | +126.1% |
| Other amounts payable | 47/48 | €135,076 | €397,581 | +€262,505 | +194.3% |
| Accrued charges and deferred income | 492/3 | - | €10,783 | +€10,783 | |
| Non-recurring operating income | 76A | - | €50,000 | +€50,000 | |
| Remuneration, social security and pensions | 62 | €209,030 | €1,056,224 | +€847,193 | +405.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,550 | €164,077 | +€128,528 | +361.5% |
| Other operating charges | 640/8 | €8,999 | €37,076 | +€28,077 | +312.0% |
| Non-recurring operating charges | 66A | - | €39,218 | +€39,218 | |
| Gross operating margin | 9900 | €216,689 | €1,119,810 | +€903,121 | +416.8% |
| Operating profit (loss) | 9901 | -€36,891 | -€176,785 | -€139,895 | -379.2% |
| Financial income | 75/76B | €1,082 | €2,619 | +€1,537 | +142.0% |
| Recurring financial income | 75 | €1,082 | €2,619 | +€1,537 | +142.0% |
| Financial charges | 65/66B | €5,746 | €70,455 | +€64,709 | +1126.2% |
| Recurring financial charges | 65 | €5,746 | €70,455 | +€64,709 | +1126.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,554 | -€244,621 | -€203,067 | -488.7% |
| Income taxes | 67/77 | €1,242 | €123 | -€1,119 | -90.1% |
| Profit (loss) for the period | 9904 | -€42,796 | -€244,744 | -€201,948 | -471.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,796 | -€244,744 | -€201,948 | -471.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.