FSB: 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.
FSB
Largest movements
- Receivables within one year -€51,932
down €51,932 (-21.6%), from €240,584 to €188,652
of which Trade receivables: -€53,257
- Cash -€41,497
down €41,497 (-58.6%), from €70,870 to €29,373
mainly Advances received (-€94,159) and Contributions, distributions and other (-€90,000)
- Tangible fixed assets -€4,844
down €4,844 (-45.7%), from €10,597 to €5,753
- Advances received -€94,159
down €94,159 (-92.6%), from €101,738 to €7,579
- Profit (loss) carried forward -€79,281
down €79,281 (-56.4%), from €140,673 to €61,392
- Other debts +€63,226
up €63,226 (+289%), from €21,909 to €85,135
- Tax, wage and social debts +€7,525
up €7,525 (+18.6%), from €40,559 to €48,084
of which Taxes: +€6,545
- Taxes -€9,697
down €9,697, from €8,115 to -€1,582
- Gross operating margin -€5,331
down €5,331 (-9.2%), from €57,835 to €52,504
- Depreciation +€1,334
up €1,334 (+15.7%), from €8,491 to €9,825
- Staff costs -€1,273
down €1,273 (-3.7%), from €34,791 to €33,518
- Financial charges -€1,004
down €1,004 (-62.5%), from €1,608 to €604
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,370 | €311,470 | -€97,900 | -23.9% |
| Fixed assets | 21/28 | €14,889 | €10,045 | -€4,844 | -32.5% |
| Tangible fixed assets | 22/27 | €10,597 | €5,753 | -€4,844 | -45.7% |
| Furniture and vehicles | 24 | €10,597 | €5,753 | -€4,844 | -45.7% |
| Financial fixed assets | 28 | €4,292 | €4,292 | = | 0.0% |
| Current assets | 29/58 | €394,481 | €301,425 | -€93,056 | -23.6% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €240,584 | €188,652 | -€51,932 | -21.6% |
| Trade receivables | 40 | €238,273 | €185,016 | -€53,257 | -22.4% |
| Other amounts receivable | 41 | €2,311 | €3,636 | +€1,325 | +57.3% |
| Cash at bank and in hand | 54/58 | €70,870 | €29,373 | -€41,497 | -58.6% |
| Deferred charges and accrued income | 490/1 | €3,027 | €3,400 | +€373 | +12.3% |
| Total equity and liabilities | 10/49 | €409,370 | €311,470 | -€97,900 | -23.9% |
| Equity | 10/15 | €146,873 | €67,592 | -€79,281 | -54.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,673 | €61,392 | -€79,281 | -56.4% |
| Amounts payable | 17/49 | €262,496 | €243,878 | -€18,618 | -7.1% |
| Amounts payable within one year | 42/48 | €262,496 | €243,158 | -€19,338 | -7.4% |
| Trade debts | 44 | €98,291 | €102,361 | +€4,070 | +4.1% |
| Suppliers | 440/4 | €98,291 | €102,361 | +€4,070 | +4.1% |
| Advances received on contracts in progress | 46 | €101,738 | €7,579 | -€94,159 | -92.6% |
| Taxes, remuneration and social security | 45 | €40,559 | €48,084 | +€7,525 | +18.6% |
| Taxes | 450/3 | €37,284 | €43,829 | +€6,545 | +17.6% |
| Remuneration and social security | 454/9 | €3,275 | €4,255 | +€980 | +29.9% |
| Other amounts payable | 47/48 | €21,909 | €85,135 | +€63,226 | +289% |
| Accrued charges and deferred income | 492/3 | - | €720 | +€720 | |
| Remuneration, social security and pensions | 62 | €34,791 | €33,518 | -€1,273 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,491 | €9,825 | +€1,334 | +15.7% |
| Other operating charges | 640/8 | €1,111 | €1,229 | +€118 | +10.6% |
| Gross operating margin | 9900 | €57,835 | €52,504 | -€5,331 | -9.2% |
| Operating profit (loss) | 9901 | €13,442 | €7,932 | -€5,510 | -41.0% |
| Financial income | 75/76B | €1,212 | €1,808 | +€596 | +49.2% |
| Recurring financial income | 75 | €1,212 | €1,808 | +€596 | +49.2% |
| Financial charges | 65/66B | €1,608 | €604 | -€1,004 | -62.5% |
| Recurring financial charges | 65 | €1,608 | €604 | -€1,004 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €13,046 | €9,137 | -€3,909 | -30.0% |
| Income taxes | 67/77 | €8,115 | -€1,582 | -€9,697 | |
| Profit (loss) for the period | 9904 | €4,931 | €10,719 | +€5,788 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €4,931 | €10,719 | +€5,788 | +117% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.