FSP: 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.
FSP
Largest movements
- Cash +€61,104
up €61,104 (+84.6%), from €72,253 to €133,357
mainly Net result for the year (+€55,419) and Depreciation (+€15,711)
- Receivables within one year +€21,068
up €21,068 (+110.3%), from €19,108 to €40,176
of which Trade receivables: +€18,865
- Tangible fixed assets -€14,977
down €14,977 (-22.3%), from €67,163 to €52,185
of which Furniture and vehicles: -€14,482
- Reserves +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Trade debts +€9,767
up €9,767 (+44.1%), from €22,143 to €31,910
- Profit (loss) carried forward +€5,419
up €5,419 (+13.7%), from €39,531 to €44,950
- Gross operating margin -€40,318
down €40,318 (-29.8%), from €135,109 to €94,791
- Taxes -€9,060
down €9,060 (-30.2%), from €30,000 to €20,940
- Depreciation +€1,802
up €1,802 (+13.0%), from €13,908 to €15,711
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 | €159,884 | €227,243 | +€67,359 | +42.1% |
| Fixed assets | 21/28 | €67,163 | €52,185 | -€14,977 | -22.3% |
| Tangible fixed assets | 22/27 | €67,163 | €52,185 | -€14,977 | -22.3% |
| Plant, machinery and equipment | 23 | €2,026 | €1,530 | -€495 | -24.5% |
| Furniture and vehicles | 24 | €65,137 | €50,655 | -€14,482 | -22.2% |
| Current assets | 29/58 | €92,722 | €175,058 | +€82,336 | +88.8% |
| Amounts receivable within one year | 40/41 | €19,108 | €40,176 | +€21,068 | +110.3% |
| Trade receivables | 40 | €16,395 | €35,259 | +€18,865 | +115.1% |
| Other amounts receivable | 41 | €2,713 | €4,916 | +€2,203 | +81.2% |
| Cash at bank and in hand | 54/58 | €72,253 | €133,357 | +€61,104 | +84.6% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,525 | +€164 | +12.1% |
| Total equity and liabilities | 10/49 | €159,884 | €227,243 | +€67,359 | +42.1% |
| Equity | 10/15 | €92,531 | €147,950 | +€55,419 | +59.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Distributable reserves | 133 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Profit (loss) carried forward | 14 | €39,531 | €44,950 | +€5,419 | +13.7% |
| Amounts payable | 17/49 | €67,353 | €79,293 | +€11,940 | +17.7% |
| Amounts payable within one year | 42/48 | €67,353 | €79,293 | +€11,940 | +17.7% |
| Trade debts | 44 | €22,143 | €31,910 | +€9,767 | +44.1% |
| Suppliers | 440/4 | €22,143 | €31,910 | +€9,767 | +44.1% |
| Taxes, remuneration and social security | 45 | €43,500 | €45,582 | +€2,082 | +4.8% |
| Taxes | 450/3 | €30,000 | €35,940 | +€5,940 | +19.8% |
| Remuneration and social security | 454/9 | €13,500 | €9,642 | -€3,858 | -28.6% |
| Other amounts payable | 47/48 | €1,710 | €1,801 | +€91 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,908 | €15,711 | +€1,802 | +13.0% |
| Other operating charges | 640/8 | €1,606 | €2,597 | +€991 | +61.7% |
| Gross operating margin | 9900 | €135,109 | €94,791 | -€40,318 | -29.8% |
| Operating profit (loss) | 9901 | €119,595 | €76,484 | -€43,111 | -36.0% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €96 | €125 | +€29 | +30.4% |
| Recurring financial charges | 65 | €96 | €125 | +€29 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €119,531 | €76,359 | -€43,172 | -36.1% |
| Income taxes | 67/77 | €30,000 | €20,940 | -€9,060 | -30.2% |
| Profit (loss) for the period | 9904 | €89,531 | €55,419 | -€34,113 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,531 | €55,419 | -€34,113 | -38.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.