FSNS: 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.
FSNS
Largest movements
- Receivables within one year -€15,818
down €15,818 (-52.3%), from €30,244 to €14,426
of which Trade receivables: -€18,863
- Cash -€13,852
down €13,852 (-45.1%), from €30,748 to €16,896
mainly Net result for the year (-€26,309) and Investment in fixed assets (net) (-€14,239)
- Tangible fixed assets +€4,645
up €4,645 (+28.3%), from €16,425 to €21,070
of which Plant, machinery and equipment: +€7,144
- Stocks and contracts -€2,965
down €2,965 (-27.3%), from €10,873 to €7,908
- Financial fixed assets +€1,000
new in 2025: €1,000
- Profit (loss) carried forward -€26,309
down €26,309 (-84.8%), from €31,038 to €4,729
- Advances received -€12,724
down €12,724 (-29.8%), from €42,683 to €29,959
- Trade debts +€12,365
up €12,365 (+455.6%), from €2,714 to €15,079
- Other debts -€3,324
no longer reported in 2025 (was €3,324)
- Current portion of long-term debt +€3,059
new in 2025: €3,059
- Gross operating margin -€28,327
down €28,327, from €15,501 to -€12,826
- Depreciation +€2,610
up €2,610 (+43.6%), from €5,984 to €8,594
- Taxes -€1,662
down €1,662 (-91.3%), from €1,820 to €158
- Financial charges +€574
up €574 (+20.7%), from €2,769 to €3,343
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 | €88,380 | €62,387 | -€25,993 | -29.4% |
| Fixed assets | 21/28 | €16,425 | €22,070 | +€5,645 | +34.4% |
| Tangible fixed assets | 22/27 | €16,425 | €21,070 | +€4,645 | +28.3% |
| Plant, machinery and equipment | 23 | €10,572 | €17,716 | +€7,144 | +67.6% |
| Furniture and vehicles | 24 | €5,853 | €3,353 | -€2,499 | -42.7% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €71,955 | €40,317 | -€31,637 | -44.0% |
| Stocks and contracts in progress | 3 | €10,873 | €7,908 | -€2,965 | -27.3% |
| Stocks | 30/36 | €10,873 | €7,908 | -€2,965 | -27.3% |
| Amounts receivable within one year | 40/41 | €30,244 | €14,426 | -€15,818 | -52.3% |
| Trade receivables | 40 | €26,210 | €7,347 | -€18,863 | -72.0% |
| Other amounts receivable | 41 | €4,034 | €7,079 | +€3,045 | +75.5% |
| Cash at bank and in hand | 54/58 | €30,748 | €16,896 | -€13,852 | -45.1% |
| Deferred charges and accrued income | 490/1 | €90 | €1,087 | +€998 | +1110.4% |
| Total equity and liabilities | 10/49 | €88,380 | €62,387 | -€25,993 | -29.4% |
| Equity | 10/15 | €36,038 | €9,729 | -€26,309 | -73.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,038 | €4,729 | -€26,309 | -84.8% |
| Amounts payable | 17/49 | €52,341 | €52,658 | +€316 | +0.6% |
| Amounts payable after more than one year | 17 | - | €782 | +€782 | |
| Financial debts | 170/4 | - | €782 | +€782 | |
| Amounts payable within one year | 42/48 | €52,341 | €51,875 | -€466 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,059 | +€3,059 | |
| Trade debts | 44 | €2,714 | €15,079 | +€12,365 | +455.6% |
| Suppliers | 440/4 | €2,714 | €15,079 | +€12,365 | +455.6% |
| Advances received on contracts in progress | 46 | €42,683 | €29,959 | -€12,724 | -29.8% |
| Taxes, remuneration and social security | 45 | €3,620 | €3,779 | +€158 | +4.4% |
| Taxes | 450/3 | €3,620 | €3,779 | +€158 | +4.4% |
| Other amounts payable | 47/48 | €3,324 | - | -€3,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,984 | €8,594 | +€2,610 | +43.6% |
| Other operating charges | 640/8 | €1,283 | €1,426 | +€143 | +11.2% |
| Gross operating margin | 9900 | €15,501 | -€12,826 | -€28,327 | |
| Operating profit (loss) | 9901 | €8,235 | -€22,846 | -€31,081 | |
| Financial income | 75/76B | €103 | €39 | -€64 | -62.0% |
| Recurring financial income | 75 | €103 | €39 | -€64 | -62.0% |
| Financial charges | 65/66B | €2,769 | €3,343 | +€574 | +20.7% |
| Recurring financial charges | 65 | €2,769 | €3,343 | +€574 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €5,568 | -€26,151 | -€31,719 | |
| Income taxes | 67/77 | €1,820 | €158 | -€1,662 | -91.3% |
| Profit (loss) for the period | 9904 | €3,747 | -€26,309 | -€30,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,747 | -€26,309 | -€30,057 |
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 9 October 2026 via checked.be.