FS-ADMIN: 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.
FS-ADMIN
Largest movements
- Receivables within one year +€53,820
up €53,820 (+164.4%), from €32,744 to €86,565
of which Trade receivables: +€70,968
- Tangible fixed assets -€27,761
down €27,761 (-45.3%), from €61,250 to €33,489
of which Furniture and vehicles: -€61,250
- Cash +€3,557
up €3,557 (+28.6%), from €12,443 to €16,001
mainly Investment in fixed assets (net) (+€20,259) and Debts after one year (+€16,906)
- Debts after one year +€16,906
up €16,906 (+31.6%), from €53,500 to €70,406
- Current portion of long-term debt +€7,495
up €7,495, from €0 to €7,495
- Profit (loss) carried forward +€5,371
up €5,371 (+14.6%), from -€36,883 to -€31,513
- Tax, wage and social debts -€4,865
down €4,865 (-89.6%), from €5,430 to €565
of which Remuneration and social security: -€3,860
- Other debts +€4,755
up €4,755 (+26.3%), from €18,098 to €22,854
- Gross operating margin -€148,607
down €148,607 (-79.8%), from €186,247 to €37,640
- Staff costs -€69,822
down €69,822, from €69,059 to -€763
- Other operating charges -€42,640
down €42,640 (-88.6%), from €48,130 to €5,490
- Financial charges -€26,759
down €26,759 (-94.1%), from €28,439 to €1,680
- Depreciation +€4,783
up €4,783 (+176.0%), from €2,719 to €7,502
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 | €108,455 | €137,304 | +€28,849 | +26.6% |
| Fixed assets | 21/28 | €61,250 | €33,489 | -€27,761 | -45.3% |
| Tangible fixed assets | 22/27 | €61,250 | €33,489 | -€27,761 | -45.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €61,250 | €0 | -€61,250 | -100.0% |
| Leasing and similar rights | 25 | €0 | €33,489 | +€33,489 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €47,205 | €103,815 | +€56,610 | +119.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €32,744 | €86,565 | +€53,820 | +164.4% |
| Trade receivables | 40 | €14,888 | €85,855 | +€70,968 | +476.7% |
| Other amounts receivable | 41 | €17,857 | €709 | -€17,148 | -96.0% |
| Cash at bank and in hand | 54/58 | €12,443 | €16,001 | +€3,557 | +28.6% |
| Deferred charges and accrued income | 490/1 | €2,017 | €1,250 | -€768 | -38.1% |
| Total equity and liabilities | 10/49 | €108,455 | €137,304 | +€28,849 | +26.6% |
| Equity | 10/15 | €24,904 | €30,274 | +€5,371 | +21.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €1,787 | €1,787 | = | 0.0% |
| Distributable reserves | 133 | €1,787 | €1,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,883 | -€31,513 | +€5,371 | +14.6% |
| Amounts payable | 17/49 | €83,551 | €107,030 | +€23,479 | +28.1% |
| Amounts payable after more than one year | 17 | €53,500 | €70,406 | +€16,906 | +31.6% |
| Financial debts | 170/4 | €53,500 | €70,406 | +€16,906 | +31.6% |
| Amounts payable within one year | 42/48 | €30,051 | €36,625 | +€6,573 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,495 | +€7,495 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,523 | €5,711 | -€813 | -12.5% |
| Suppliers | 440/4 | €6,523 | €5,711 | -€813 | -12.5% |
| Taxes, remuneration and social security | 45 | €5,430 | €565 | -€4,865 | -89.6% |
| Taxes | 450/3 | €1,570 | €565 | -€1,005 | -64.0% |
| Remuneration and social security | 454/9 | €3,860 | €0 | -€3,860 | -100.0% |
| Other amounts payable | 47/48 | €18,098 | €22,854 | +€4,755 | +26.3% |
| Non-recurring operating income | 76A | €104,240 | €0 | -€104,240 | -100.0% |
| Remuneration, social security and pensions | 62 | €69,059 | -€763 | -€69,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,719 | €7,502 | +€4,783 | +176.0% |
| Other operating charges | 640/8 | €48,130 | €5,490 | -€42,640 | -88.6% |
| Non-recurring operating charges | 66A | - | €17,795 | +€17,795 | |
| Gross operating margin | 9900 | €186,247 | €37,640 | -€148,607 | -79.8% |
| Operating profit (loss) | 9901 | €66,339 | €7,616 | -€58,723 | -88.5% |
| Financial income | 75/76B | €465 | €0 | -€465 | -100.0% |
| Recurring financial income | 75 | €465 | €0 | -€465 | -100.0% |
| Financial charges | 65/66B | €28,439 | €1,680 | -€26,759 | -94.1% |
| Recurring financial charges | 65 | €28,439 | €1,680 | -€26,759 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €38,364 | €5,936 | -€32,429 | -84.5% |
| Income taxes | 67/77 | €326 | €565 | +€239 | +73.5% |
| Profit (loss) for the period | 9904 | €38,039 | €5,371 | -€32,668 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,039 | €5,371 | -€32,668 | -85.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.