FSA INVEST: what changed
What changed
FSA INVEST
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€1.1m
2023 · -€49,105+€1.1m
Equity
€1.8m
2023 · €1.8m+€86,155
Cash
€258,709
2023 · €14,863+€243,846
Balance sheet total
€2.3m
2023 · €3.3m-€955,782
Largest movements
Assets
- Tangible fixed assets -€2.0m
down €2.0m (-68.1%), from €3.0m to €955,009
of which Land and buildings: -€2.0m
- Receivables after one year +€853,454
new in 2024: €853,454
- Cash +€243,846
up €243,846 (+1,641%), from €14,863 to €258,709
mainly Investment in fixed assets (net) (+€1.9m) and Net result for the year (+€1.1m)
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+203,922%), from €650 to €1.3m
of which Tax-exempt reserves: +€1.3m
- Other debts -€1.1m
no longer reported in 2024 (was €1.1m)
- Revaluation surpluses -€1.0m
down €1.0m (-58.0%), from €1.7m to €730,000
- Provisions +€441,832
new in 2024: €441,832
- Debts after one year -€290,913
down €290,913 (-91.0%), from €319,801 to €28,888
Income statement
- Gross operating margin +€1.7m
new in 2024: €1.7m
- Services and other goods -€152,249
no longer reported in 2024 (was €152,249)
- Other operating income -€152,013
no longer reported in 2024 (was €152,013)
- Turnover -€85,128
no longer reported in 2024 (was €85,128)
- Depreciation +€49,322
up €49,322 (+88.9%), from €55,504 to €104,825
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€49,105
Turnover
-€85,128
Other operating income
-€152,013
Goods and materials
+€7,687
Services and other goods
+€152,249
Staff costs
+€675
Depreciation
-€49,322
Other operating charges
-€20,289
Other operating items
+€1.7m
Financial income
+€2,543
Financial charges
+€2,763
Taxes
-€630
Deferred taxes and other
-€441,832
Result 2024
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€292,020
Investment
+€1.9m
Financing
-€1.4m
Cash 2023
€14,863
From operations (derived)
-€292,020
Net result for the year
+€1.1m
Depreciation
+€104,825
Receivables after one year
-€853,454
Smaller working-capital items
-€70
Receivables within one year
+€11,707
Provisions
+€441,832
Trade debts
-€32,162
Other debts
-€1.1m
Investment (derived)
+€1.9m
Investment in fixed assets (net)
+€1.9m
Financing
-€1.4m
Debts after one year
-€290,913
Current portion of long-term debt
-€102,450
Contributions, distributions and other
-€1.0m
Cash 2024
€258,709
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,289,950 | €2,334,168 | -€955,782 | -29.1% |
| Fixed assets | 21/28 | €2,996,181 | €955,230 | -€2.0m | -68.1% |
| Tangible fixed assets | 22/27 | €2,995,960 | €955,009 | -€2.0m | -68.1% |
| Land and buildings | 22 | €2,991,182 | €948,848 | -€2.0m | -68.3% |
| Furniture and vehicles | 24 | €4,778 | €6,162 | +€1,383 | +28.9% |
| Financial fixed assets | 28 | €221 | €221 | = | 0.0% |
| Affiliated companies | 280/1 | €221 | - | -€221 | |
| Participating interests | 280 | €221 | - | -€221 | |
| Current assets | 29/58 | €293,769 | €1,378,938 | +€1.1m | +369% |
| Amounts receivable after more than one year | 29 | - | €853,454 | +€853,454 | |
| Other amounts receivable | 291 | - | €853,454 | +€853,454 | |
| Stocks and contracts in progress | 3 | €574 | €398 | -€177 | -30.7% |
| Stocks | 30/36 | €574 | €398 | -€177 | -30.7% |
| Goods purchased for resale | 34 | €574 | - | -€574 | |
| Amounts receivable within one year | 40/41 | €276,585 | €264,878 | -€11,707 | -4.2% |
| Trade receivables | 40 | €100,540 | €8,225 | -€92,315 | -91.8% |
| Other amounts receivable | 41 | €176,046 | €256,653 | +€80,608 | +45.8% |
| Cash at bank and in hand | 54/58 | €14,863 | €258,709 | +€243,846 | +1,641% |
| Deferred charges and accrued income | 490/1 | €1,746 | €1,498 | -€248 | -14.2% |
| Total equity and liabilities | 10/49 | €3,289,950 | €2,334,168 | -€955,782 | -29.1% |
| Equity | 10/15 | €1,752,094 | €1,838,249 | +€86,155 | +4.9% |
| Contributions | 10/11 | €656,555 | €656,555 | = | 0.0% |
| Revaluation surpluses | 12 | €1,736,897 | €730,000 | -€1.0m | -58.0% |
| Reserves | 13 | €650 | €1,326,145 | +€1.3m | +203,922% |
| Non-distributable reserves | 130/1 | €650 | €650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €650 | €650 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €1,325,495 | +€1.3m | |
| Profit (loss) carried forward | 14 | -€642,008 | -€874,452 | -€232,444 | -36.2% |
| Provisions and deferred taxes | 16 | - | €441,832 | +€441,832 | |
| Deferred taxes | 168 | - | €441,832 | +€441,832 | |
| Amounts payable | 17/49 | €1,537,857 | €54,088 | -€1.5m | -96.5% |
| Amounts payable after more than one year | 17 | €319,801 | €28,888 | -€290,913 | -91.0% |
| Financial debts | 170/4 | €319,801 | €28,888 | -€290,913 | -91.0% |
| Credit institutions | 173 | €272,856 | - | -€272,856 | |
| Other loans | 174 | €46,946 | - | -€46,946 | |
| Amounts payable within one year | 42/48 | €1,218,055 | €25,200 | -€1.2m | -97.9% |
| Current portion of amounts payable after more than one year | 42 | €120,507 | €18,058 | -€102,450 | -85.0% |
| Trade debts | 44 | €39,304 | €7,142 | -€32,162 | -81.8% |
| Suppliers | 440/4 | €39,304 | €7,142 | -€32,162 | -81.8% |
| Taxes, remuneration and social security | 45 | €495 | - | -€495 | |
| Taxes | 450/3 | €495 | - | -€495 | |
| Other amounts payable | 47/48 | €1,057,749 | - | -€1.1m | |
| Operating income | 70/76A | €237,142 | - | -€237,142 | |
| Turnover | 70 | €85,128 | - | -€85,128 | |
| Other operating income | 74 | €152,013 | - | -€152,013 | |
| Non-recurring operating income | 76A | - | €1,767,327 | +€1.8m | |
| Operating charges | 60/66A | €230,790 | - | -€230,790 | |
| Goods for resale, raw materials and consumables | 60 | €7,687 | - | -€7,687 | |
| Purchases | 600/8 | €7,494 | - | -€7,494 | |
| Change in stocks: decrease (increase) | 609 | €193 | - | -€193 | |
| Services and other goods | 61 | €152,249 | - | -€152,249 | |
| Remuneration, social security and pensions | 62 | €675 | - | -€675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,504 | €104,825 | +€49,322 | +88.9% |
| Other operating charges | 640/8 | €14,676 | €34,966 | +€20,289 | +138% |
| Gross operating margin | 9900 | - | €1,725,455 | +€1.7m | |
| Operating profit (loss) | 9901 | €6,352 | €1,585,664 | +€1.6m | +24,865% |
| Financial income | 75/76B | €6,369 | €8,912 | +€2,543 | +39.9% |
| Recurring financial income | 75 | €6,369 | €8,912 | +€2,543 | +39.9% |
| Income from financial fixed assets | 750 | €6,369 | - | -€6,369 | |
| Financial charges | 65/66B | €61,330 | €58,567 | -€2,763 | -4.5% |
| Recurring financial charges | 65 | €61,330 | €58,567 | -€2,763 | -4.5% |
| Debt charges | 650 | €38,343 | - | -€38,343 | |
| Other financial charges | 652/9 | €22,988 | - | -€22,988 | |
| Profit (loss) for the period before taxes | 9903 | -€48,610 | €1,536,008 | +€1.6m | |
| Transfer to deferred taxes | 680 | - | €441,832 | +€441,832 | |
| Income taxes | 67/77 | €495 | €1,125 | +€630 | +127% |
| Taxes | 670/3 | €495 | - | -€495 | |
| Profit (loss) for the period | 9904 | -€49,105 | €1,093,052 | +€1.1m | |
| Transfer to tax-exempt reserves | 689 | - | €1,325,495 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,105 | -€232,444 | -€183,339 | -373% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.