FS MGT: 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.
FS MGT
Largest movements
- Cash +€118,641
up €118,641 (+59.0%), from €201,057 to €319,698
mainly Net result for the year (+€198,329) and Depreciation (+€81,677)
- Tangible fixed assets -€81,677
down €81,677 (-28.8%), from €283,524 to €201,847
of which Furniture and vehicles: -€53,259
- Current investments +€70,000
up €70,000 (+30.4%), from €230,000 to €300,000
- Receivables within one year -€40,077
down €40,077 (-28.0%), from €143,355 to €103,278
- Reserves +€196,442
up €196,442 (+37.1%), from €529,558 to €726,000
- Debts after one year -€128,598
down €128,598 (-70.3%), from €182,933 to €54,335
- Tax, wage and social debts +€12,659
up €12,659 (+24.1%), from €52,546 to €65,204
of which Taxes: +€8,738
- Gross operating margin +€89,242
up €89,242 (+23.2%), from €384,195 to €473,437
- Staff costs +€59,951
up €59,951 (+80.7%), from €74,269 to €134,220
- Depreciation +€25,596
up €25,596 (+45.6%), from €56,081 to €81,677
- Financial income +€7,578
up €7,578 (+271%), from €2,798 to €10,375
- Taxes +€7,411
up €7,411 (+13.6%), from €54,326 to €61,736
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 | €862,869 | €936,715 | +€73,847 | +8.6% |
| Fixed assets | 21/28 | €283,659 | €201,982 | -€81,677 | -28.8% |
| Tangible fixed assets | 22/27 | €283,524 | €201,847 | -€81,677 | -28.8% |
| Plant, machinery and equipment | 23 | €3,917 | €2,955 | -€962 | -24.5% |
| Furniture and vehicles | 24 | €229,113 | €175,853 | -€53,259 | -23.2% |
| Leasing and similar rights | 25 | €50,494 | €23,038 | -€27,456 | -54.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €579,210 | €734,733 | +€155,523 | +26.9% |
| Amounts receivable within one year | 40/41 | €143,355 | €103,278 | -€40,077 | -28.0% |
| Trade receivables | 40 | €143,355 | €103,278 | -€40,077 | -28.0% |
| Current investments | 50/53 | €230,000 | €300,000 | +€70,000 | +30.4% |
| Cash at bank and in hand | 54/58 | €201,057 | €319,698 | +€118,641 | +59.0% |
| Deferred charges and accrued income | 490/1 | €4,798 | €11,757 | +€6,959 | +145% |
| Total equity and liabilities | 10/49 | €862,869 | €936,715 | +€73,847 | +8.6% |
| Equity | 10/15 | €548,158 | €746,487 | +€198,329 | +36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €529,558 | €726,000 | +€196,442 | +37.1% |
| Distributable reserves | 133 | €529,558 | €726,000 | +€196,442 | +37.1% |
| Profit (loss) carried forward | 14 | - | €1,887 | +€1,887 | |
| Amounts payable | 17/49 | €314,711 | €190,229 | -€124,483 | -39.6% |
| Amounts payable after more than one year | 17 | €182,933 | €54,335 | -€128,598 | -70.3% |
| Financial debts | 170/4 | €182,933 | €54,335 | -€128,598 | -70.3% |
| Amounts payable within one year | 42/48 | €130,054 | €135,894 | +€5,840 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €56,692 | €58,598 | +€1,906 | +3.4% |
| Trade debts | 44 | €15,509 | €12,092 | -€3,418 | -22.0% |
| Suppliers | 440/4 | €15,509 | €12,092 | -€3,418 | -22.0% |
| Taxes, remuneration and social security | 45 | €52,546 | €65,204 | +€12,659 | +24.1% |
| Taxes | 450/3 | €46,964 | €55,702 | +€8,738 | +18.6% |
| Remuneration and social security | 454/9 | €5,581 | €9,502 | +€3,921 | +70.2% |
| Other amounts payable | 47/48 | €5,307 | - | -€5,307 | |
| Accrued charges and deferred income | 492/3 | €1,724 | - | -€1,724 | |
| Remuneration, social security and pensions | 62 | €74,269 | €134,220 | +€59,951 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,081 | €81,677 | +€25,596 | +45.6% |
| Other operating charges | 640/8 | €4,306 | €2,739 | -€1,568 | -36.4% |
| Gross operating margin | 9900 | €384,195 | €473,437 | +€89,242 | +23.2% |
| Operating profit (loss) | 9901 | €249,539 | €254,802 | +€5,263 | +2.1% |
| Financial income | 75/76B | €2,798 | €10,375 | +€7,578 | +271% |
| Recurring financial income | 75 | €2,798 | €10,375 | +€7,578 | +271% |
| Financial charges | 65/66B | €2,313 | €5,111 | +€2,799 | +121% |
| Recurring financial charges | 65 | €2,313 | €5,111 | +€2,799 | +121% |
| Profit (loss) for the period before taxes | 9903 | €250,024 | €260,066 | +€10,042 | +4.0% |
| Income taxes | 67/77 | €54,326 | €61,736 | +€7,411 | +13.6% |
| Profit (loss) for the period | 9904 | €195,698 | €198,329 | +€2,631 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €195,698 | €198,329 | +€2,631 | +1.3% |
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 17 October 2026 via checked.be.