FSB PROPERTIES: 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.
FSB PROPERTIES
Largest movements
- Tangible fixed assets -€27,232
down €27,232 (-3.8%), from €716,493 to €689,261
- Debts after one year -€48,910
down €48,910 (-10.0%), from €490,531 to €441,622
- Profit (loss) carried forward +€13,232
up €13,232 (+17.9%), from €74,047 to €87,279
- Financial charges -€1,254
down €1,254 (-13.3%), from €9,434 to €8,180
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 | €717,721 | €691,931 | -€25,790 | -3.6% |
| Fixed assets | 21/28 | €716,493 | €689,261 | -€27,232 | -3.8% |
| Tangible fixed assets | 22/27 | €716,493 | €689,261 | -€27,232 | -3.8% |
| Land and buildings | 22 | €716,493 | €689,261 | -€27,232 | -3.8% |
| Current assets | 29/58 | €1,228 | €2,670 | +€1,442 | +117.4% |
| Cash at bank and in hand | 54/58 | €1,228 | €2,670 | +€1,442 | +117.4% |
| Total equity and liabilities | 10/49 | €717,721 | €691,931 | -€25,790 | -3.6% |
| Equity | 10/15 | €153,047 | €166,279 | +€13,232 | +8.6% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,047 | €87,279 | +€13,232 | +17.9% |
| Amounts payable | 17/49 | €564,675 | €525,653 | -€39,022 | -6.9% |
| Amounts payable after more than one year | 17 | €490,531 | €441,622 | -€48,910 | -10.0% |
| Financial debts | 170/4 | €490,531 | €441,622 | -€48,910 | -10.0% |
| Amounts payable within one year | 42/48 | €73,585 | €84,031 | +€10,447 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €48,161 | €48,910 | +€749 | +1.6% |
| Trade debts | 44 | €2,380 | €4,356 | +€1,976 | +83.0% |
| Suppliers | 440/4 | €2,380 | €4,356 | +€1,976 | +83.0% |
| Taxes, remuneration and social security | 45 | €4,926 | €9,457 | +€4,531 | +92.0% |
| Taxes | 450/3 | €4,926 | €9,457 | +€4,531 | +92.0% |
| Other amounts payable | 47/48 | €18,118 | €21,309 | +€3,191 | +17.6% |
| Accrued charges and deferred income | 492/3 | €559 | - | -€559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,232 | €27,232 | = | 0.0% |
| Other operating charges | 640/8 | - | €440 | +€440 | |
| Gross operating margin | 9900 | €53,695 | €53,900 | +€206 | +0.4% |
| Operating profit (loss) | 9901 | €26,463 | €26,228 | -€234 | -0.9% |
| Financial charges | 65/66B | €9,434 | €8,180 | -€1,254 | -13.3% |
| Recurring financial charges | 65 | €9,434 | €8,180 | -€1,254 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €17,029 | €18,049 | +€1,020 | +6.0% |
| Income taxes | 67/77 | €4,640 | €4,817 | +€176 | +3.8% |
| Profit (loss) for the period | 9904 | €12,389 | €13,232 | +€843 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,389 | €13,232 | +€843 | +6.8% |
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 1 October 2026 via checked.be.