FSBL: 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.
FSBL
Largest movements
- Cash +€39,018
up €39,018 (+43.4%), from €89,995 to €129,013
mainly Net result for the year (+€87,175) and Other debts (+€58,409)
- Receivables within one year -€34,012
down €34,012 (-88.0%), from €38,655 to €4,643
of which Trade receivables: -€35,163
- Other debts +€58,409
up €58,409 (+83.4%), from €70,000 to €128,409
- Profit (loss) carried forward -€39,495
down €39,495 (-100.0%), from €39,495 to €0
- Tax, wage and social debts -€7,434
down €7,434 (-71.2%), from €10,442 to €3,008
of which Taxes: -€6,762
- Trade debts -€5,268
down €5,268 (-83.9%), from €6,280 to €1,012
- Gross operating margin +€1,844
up €1,844 (+1.6%), from €116,015 to €117,858
- Taxes +€1,200
up €1,200 (+4.5%), from €26,690 to €27,890
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 | €130,217 | €136,429 | +€6,212 | +4.8% |
| Fixed assets | 21/28 | €1,468 | €2,774 | +€1,306 | +89.0% |
| Tangible fixed assets | 22/27 | €1,468 | €2,774 | +€1,306 | +89.0% |
| Land and buildings | 22 | €1,468 | €2,774 | +€1,306 | +89.0% |
| Current assets | 29/58 | €128,749 | €133,655 | +€4,906 | +3.8% |
| Amounts receivable within one year | 40/41 | €38,655 | €4,643 | -€34,012 | -88.0% |
| Trade receivables | 40 | €37,359 | €2,196 | -€35,163 | -94.1% |
| Other amounts receivable | 41 | €1,296 | €2,446 | +€1,150 | +88.7% |
| Cash at bank and in hand | 54/58 | €89,995 | €129,013 | +€39,018 | +43.4% |
| Deferred charges and accrued income | 490/1 | €99 | - | -€99 | |
| Total equity and liabilities | 10/49 | €130,217 | €136,429 | +€6,212 | +4.8% |
| Equity | 10/15 | €43,495 | €4,000 | -€39,495 | -90.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,495 | €0 | -€39,495 | -100.0% |
| Amounts payable | 17/49 | €86,722 | €132,429 | +€45,707 | +52.7% |
| Amounts payable within one year | 42/48 | €86,722 | €132,429 | +€45,707 | +52.7% |
| Trade debts | 44 | €6,280 | €1,012 | -€5,268 | -83.9% |
| Suppliers | 440/4 | €6,280 | €1,012 | -€5,268 | -83.9% |
| Taxes, remuneration and social security | 45 | €10,442 | €3,008 | -€7,434 | -71.2% |
| Taxes | 450/3 | €6,762 | - | -€6,762 | |
| Remuneration and social security | 454/9 | €3,680 | €3,008 | -€672 | -18.3% |
| Other amounts payable | 47/48 | €70,000 | €128,409 | +€58,409 | +83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €1,394 | +€707 | +102.8% |
| Other operating charges | 640/8 | - | €485 | +€485 | |
| Gross operating margin | 9900 | €116,015 | €117,858 | +€1,844 | +1.6% |
| Operating profit (loss) | 9901 | €115,328 | €115,980 | +€652 | +0.6% |
| Financial income | 75/76B | €8 | €26 | +€18 | +241.2% |
| Recurring financial income | 75 | €8 | €26 | +€18 | +241.2% |
| Non-recurring financial income | 76B | €8 | - | -€8 | |
| Financial charges | 65/66B | €984 | €941 | -€44 | -4.4% |
| Recurring financial charges | 65 | €984 | €941 | -€44 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €114,351 | €115,065 | +€714 | +0.6% |
| Income taxes | 67/77 | €26,690 | €27,890 | +€1,200 | +4.5% |
| Profit (loss) for the period | 9904 | €87,661 | €87,175 | -€486 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,661 | €87,175 | -€486 | -0.6% |
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 28 September 2026 via checked.be.