FSA LEX: 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.
FSA LEX
Largest movements
- Tangible fixed assets -€3,381
down €3,381 (-75.6%), from €4,473 to €1,093
- Receivables within one year -€2,814
down €2,814 (-20.2%), from €13,930 to €11,116
of which Other amounts receivable: -€2,905
- Cash -€1,235
down €1,235 (-13.8%), from €8,962 to €7,727
mainly Net result for the year (-€6,189) and Tax, wage and social debts (-€1,821)
- Profit (loss) carried forward -€6,189
down €6,189 (-36.4%), from €17,003 to €10,814
- Tax, wage and social debts -€1,821
down €1,821 (-32.7%), from €5,573 to €3,752
- Trade debts +€391
up €391 (+12.2%), from €3,195 to €3,586
- Gross operating margin +€6,385
up €6,385 (+73.3%), from -€8,711 to -€2,326
- Other operating charges -€571
down €571 (-51.9%), from €1,099 to €528
- Financial charges +€158
up €158 (+67.1%), from €236 to €394
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 | €28,772 | €21,403 | -€7,369 | -25.6% |
| Fixed assets | 21/28 | €5,273 | €1,893 | -€3,381 | -64.1% |
| Tangible fixed assets | 22/27 | €4,473 | €1,093 | -€3,381 | -75.6% |
| Furniture and vehicles | 24 | €4,473 | €1,093 | -€3,381 | -75.6% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €23,498 | €19,510 | -€3,988 | -17.0% |
| Amounts receivable within one year | 40/41 | €13,930 | €11,116 | -€2,814 | -20.2% |
| Trade receivables | 40 | €1,640 | €1,731 | +€91 | +5.5% |
| Other amounts receivable | 41 | €12,290 | €9,385 | -€2,905 | -23.6% |
| Cash at bank and in hand | 54/58 | €8,962 | €7,727 | -€1,235 | -13.8% |
| Deferred charges and accrued income | 490/1 | €606 | €667 | +€61 | +10.0% |
| Total equity and liabilities | 10/49 | €28,772 | €21,403 | -€7,369 | -25.6% |
| Equity | 10/15 | €20,003 | €13,814 | -€6,189 | -30.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,003 | €10,814 | -€6,189 | -36.4% |
| Amounts payable | 17/49 | €8,769 | €7,588 | -€1,180 | -13.5% |
| Amounts payable within one year | 42/48 | €8,769 | €7,338 | -€1,430 | -16.3% |
| Trade debts | 44 | €3,195 | €3,586 | +€391 | +12.2% |
| Suppliers | 440/4 | €3,195 | €3,586 | +€391 | +12.2% |
| Taxes, remuneration and social security | 45 | €5,573 | €3,752 | -€1,821 | -32.7% |
| Taxes | 450/3 | €5,573 | €3,752 | -€1,821 | -32.7% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,381 | €3,381 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,099 | €528 | -€571 | -51.9% |
| Gross operating margin | 9900 | -€8,711 | -€2,326 | +€6,385 | +73.3% |
| Operating profit (loss) | 9901 | -€13,190 | -€6,235 | +€6,955 | +52.7% |
| Financial income | 75/76B | €558 | €599 | +€41 | +7.4% |
| Recurring financial income | 75 | €558 | €599 | +€41 | +7.4% |
| Financial charges | 65/66B | €236 | €394 | +€158 | +67.1% |
| Recurring financial charges | 65 | €236 | €394 | +€158 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,868 | -€6,031 | +€6,838 | +53.1% |
| Income taxes | 67/77 | €152 | €158 | +€6 | +3.8% |
| Profit (loss) for the period | 9904 | -€13,021 | -€6,189 | +€6,832 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,021 | -€6,189 | +€6,832 | +52.5% |
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 7 October 2026 via checked.be.