FKN INVEST: 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.
FKN INVEST
Largest movements
- Cash +€57,615
up €57,615 (+32.9%), from €175,341 to €232,956
mainly Receivables within one year (+€42,428) and Depreciation (+€36,591)
- Receivables within one year -€42,428
down €42,428 (-36.9%), from €114,831 to €72,404
of which Trade receivables: -€40,715
- Tangible fixed assets -€31,552
down €31,552 (-4.5%), from €704,254 to €672,702
of which Land and buildings: -€32,347
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€28,594
up €28,594 (+224%), from €12,750 to €41,345
- Depreciation +€18,033
up €18,033 (+97.2%), from €18,559 to €36,591
- Other operating charges +€6,734
up €6,734 (+632%), from €1,065 to €7,799
- Financial charges +€2,870
up €2,870 (+2,090%), from €137 to €3,007
- Taxes +€2,342
up €2,342, from -€4 to €2,338
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 | €1,711,740 | €1,695,375 | -€16,365 | -1.0% |
| Fixed assets | 21/28 | €1,421,567 | €1,390,015 | -€31,552 | -2.2% |
| Intangible fixed assets | 21 | €717,313 | €717,313 | = | 0.0% |
| Tangible fixed assets | 22/27 | €704,254 | €672,702 | -€31,552 | -4.5% |
| Land and buildings | 22 | €703,164 | €670,817 | -€32,347 | -4.6% |
| Plant, machinery and equipment | 23 | - | €916 | +€916 | |
| Furniture and vehicles | 24 | €1,090 | €969 | -€121 | -11.1% |
| Current assets | 29/58 | €290,173 | €305,360 | +€15,187 | +5.2% |
| Amounts receivable within one year | 40/41 | €114,831 | €72,404 | -€42,428 | -36.9% |
| Trade receivables | 40 | €103,982 | €63,266 | -€40,715 | -39.2% |
| Other amounts receivable | 41 | €10,850 | €9,137 | -€1,712 | -15.8% |
| Cash at bank and in hand | 54/58 | €175,341 | €232,956 | +€57,615 | +32.9% |
| Total equity and liabilities | 10/49 | €1,711,740 | €1,695,375 | -€16,365 | -1.0% |
| Equity | 10/15 | €74,049 | €72,199 | -€1,850 | -2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,849 | €65,999 | -€1,850 | -2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,281 | €36,106 | -€2,175 | -5.7% |
| Distributable reserves | 133 | €27,708 | €28,033 | +€325 | +1.2% |
| Provisions and deferred taxes | 16 | €114,843 | €108,318 | -€6,525 | -5.7% |
| Deferred taxes | 168 | €114,843 | €108,318 | -€6,525 | -5.7% |
| Amounts payable | 17/49 | €1,522,848 | €1,514,858 | -€7,990 | -0.5% |
| Amounts payable after more than one year | 17 | €1,105,814 | €1,105,814 | = | 0.0% |
| Financial debts | 170/4 | €1,105,814 | €1,105,814 | = | 0.0% |
| Amounts payable within one year | 42/48 | €417,034 | €407,079 | -€9,955 | -2.4% |
| Trade debts | 44 | €5,463 | €6,610 | +€1,147 | +21.0% |
| Suppliers | 440/4 | €5,463 | €6,610 | +€1,147 | +21.0% |
| Taxes, remuneration and social security | 45 | €3,663 | €842 | -€2,821 | -77.0% |
| Taxes | 450/3 | €3,663 | €842 | -€2,821 | -77.0% |
| Other amounts payable | 47/48 | €407,908 | €399,627 | -€8,281 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €1,965 | +€1,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,559 | €36,591 | +€18,033 | +97.2% |
| Other operating charges | 640/8 | €1,065 | €7,799 | +€6,734 | +632% |
| Gross operating margin | 9900 | €12,750 | €41,345 | +€28,594 | +224% |
| Operating profit (loss) | 9901 | -€6,874 | -€3,046 | +€3,828 | +55.7% |
| Financial income | 75/76B | €2 | €16 | +€14 | +711% |
| Recurring financial income | 75 | €2 | €16 | +€14 | +711% |
| Financial charges | 65/66B | €137 | €3,007 | +€2,870 | +2,090% |
| Recurring financial charges | 65 | €137 | €3,007 | +€2,870 | +2,090% |
| Profit (loss) for the period before taxes | 9903 | -€7,009 | -€6,037 | +€972 | +13.9% |
| Transfer from deferred taxes | 780 | €6,525 | €6,525 | = | 0.0% |
| Income taxes | 67/77 | -€4 | €2,338 | +€2,342 | |
| Profit (loss) for the period | 9904 | -€480 | -€1,850 | -€1,370 | -286% |
| Transfer from tax-exempt reserves | 789 | €2,175 | €2,175 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,695 | €325 | -€1,370 | -80.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.