FSB GROUP: 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 GROUP
Largest movements
- Receivables within one year -€7,962
down €7,962 (-32.3%), from €24,669 to €16,707
of which Trade receivables: -€4,006
- Cash +€6,221
up €6,221 (+165%), from €3,782 to €10,003
mainly Tax, wage and social debts (+€13,703) and Receivables within one year (+€7,962)
- Tangible fixed assets -€2,500
down €2,500 (-50.0%), from €5,000 to €2,500
- Other debts -€22,322
down €22,322 (-94.0%), from €23,755 to €1,432
- Tax, wage and social debts +€13,703
up €13,703 (+317%), from €4,327 to €18,030
of which Taxes: +€12,714
- Profit (loss) carried forward +€3,457
up €3,457, from -€2,313 to €1,144
- Trade debts +€922
up €922 (+34.4%), from €2,682 to €3,604
- Staff costs +€27,708
up €27,708 (+138%), from €20,008 to €47,716
- Gross operating margin +€19,532
up €19,532 (+52.9%), from €36,956 to €56,488
- Purchases and services -€10,205
down €10,205 (-23.3%), from €43,770 to €33,565
- Financial charges -€8,032
down €8,032 (-99.3%), from €8,092 to €60
of which Non-recurring financial charges: -€7,917
- Turnover +€6,262
up €6,262 (+7.8%), from €80,726 to €86,988
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 | €33,451 | €29,210 | -€4,241 | -12.7% |
| Fixed assets | 21/28 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Tangible fixed assets | 22/27 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Furniture and vehicles | 24 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Current assets | 29/58 | €28,451 | €26,710 | -€1,741 | -6.1% |
| Amounts receivable within one year | 40/41 | €24,669 | €16,707 | -€7,962 | -32.3% |
| Trade receivables | 40 | €20,502 | €16,496 | -€4,006 | -19.5% |
| Other amounts receivable | 41 | €4,167 | €211 | -€3,956 | -94.9% |
| Cash at bank and in hand | 54/58 | €3,782 | €10,003 | +€6,221 | +165% |
| Total equity and liabilities | 10/49 | €33,451 | €29,210 | -€4,241 | -12.7% |
| Equity | 10/15 | €2,687 | €6,144 | +€3,457 | +129% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,313 | €1,144 | +€3,457 | |
| Amounts payable | 17/49 | €30,764 | €23,066 | -€7,698 | -25.0% |
| Amounts payable within one year | 42/48 | €30,764 | €23,066 | -€7,698 | -25.0% |
| Trade debts | 44 | €2,682 | €3,604 | +€922 | +34.4% |
| Suppliers | 440/4 | €2,682 | €3,604 | +€922 | +34.4% |
| Taxes, remuneration and social security | 45 | €4,327 | €18,030 | +€13,703 | +317% |
| Taxes | 450/3 | €215 | €12,929 | +€12,714 | +5,911% |
| Remuneration and social security | 454/9 | €4,112 | €5,101 | +€988 | +24.0% |
| Other amounts payable | 47/48 | €23,755 | €1,432 | -€22,322 | -94.0% |
| Turnover | 70 | €80,726 | €86,988 | +€6,262 | +7.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,770 | €33,565 | -€10,205 | -23.3% |
| Remuneration, social security and pensions | 62 | €20,008 | €47,716 | +€27,708 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,335 | +€2,335 | |
| Other operating charges | 640/8 | €3,419 | €420 | -€2,999 | -87.7% |
| Gross operating margin | 9900 | €36,956 | €56,488 | +€19,532 | +52.9% |
| Operating profit (loss) | 9901 | €11,028 | €3,517 | -€7,511 | -68.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,092 | €60 | -€8,032 | -99.3% |
| Recurring financial charges | 65 | €175 | €60 | -€115 | -65.7% |
| Non-recurring financial charges | 66B | €7,917 | - | -€7,917 | |
| Profit (loss) for the period before taxes | 9903 | €2,937 | €3,457 | +€520 | +17.7% |
| Income taxes | 67/77 | €695 | - | -€695 | |
| Profit (loss) for the period | 9904 | €2,242 | €3,457 | +€1,215 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,242 | €3,457 | +€1,215 | +54.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.