FSTR: 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.
FSTR
Largest movements
- Receivables within one year +€9,821
up €9,821 (+70.9%), from €13,848 to €23,669
of which Trade receivables: +€14,561
- Tangible fixed assets +€9,268
up €9,268 (+341.4%), from €2,714 to €11,982
of which Furniture and vehicles: +€6,618
- Cash +€3,387
up €3,387 (+539.0%), from €628 to €4,015
mainly Other debts (+€15,294) and Tax, wage and social debts (+€4,932)
- Other debts +€15,294
up €15,294 (+119.5%), from €12,801 to €28,095
- Tax, wage and social debts +€4,932
up €4,932 (+22729.3%), from €22 to €4,954
- Profit (loss) carried forward +€3,337
up €3,337 (+68.5%), from -€4,872 to -€1,535
- Trade debts -€1,088
down €1,088 (-35.8%), from €3,040 to €1,952
- Gross operating margin +€12,586
up €12,586, from -€4,000 to €8,586
- Financial charges +€1,373
up €1,373 (+593.1%), from €231 to €1,604
- Other operating charges +€391
up €391 (+278.2%), from €141 to €531
- Write-downs +€190
new in 2025: €190
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 | €17,191 | €39,666 | +€22,475 | +130.7% |
| Fixed assets | 21/28 | €2,714 | €11,982 | +€9,268 | +341.4% |
| Tangible fixed assets | 22/27 | €2,714 | €11,982 | +€9,268 | +341.4% |
| Furniture and vehicles | 24 | €2,714 | €9,332 | +€6,618 | +243.8% |
| Other tangible fixed assets | 26 | - | €2,650 | +€2,650 | |
| Current assets | 29/58 | €14,477 | €27,684 | +€13,207 | +91.2% |
| Amounts receivable within one year | 40/41 | €13,848 | €23,669 | +€9,821 | +70.9% |
| Trade receivables | 40 | €8,471 | €23,032 | +€14,561 | +171.9% |
| Other amounts receivable | 41 | €5,377 | €637 | -€4,740 | -88.2% |
| Cash at bank and in hand | 54/58 | €628 | €4,015 | +€3,387 | +539.0% |
| Total equity and liabilities | 10/49 | €17,191 | €39,666 | +€22,475 | +130.7% |
| Equity | 10/15 | €1,328 | €4,665 | +€3,337 | +251.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,872 | -€1,535 | +€3,337 | +68.5% |
| Amounts payable | 17/49 | €15,863 | €35,001 | +€19,138 | +120.6% |
| Amounts payable within one year | 42/48 | €15,863 | €35,001 | +€19,138 | +120.6% |
| Trade debts | 44 | €3,040 | €1,952 | -€1,088 | -35.8% |
| Suppliers | 440/4 | €3,040 | €1,952 | -€1,088 | -35.8% |
| Taxes, remuneration and social security | 45 | €22 | €4,954 | +€4,932 | +22729.3% |
| Taxes | 450/3 | €22 | €4,954 | +€4,932 | +22729.3% |
| Other amounts payable | 47/48 | €12,801 | €28,095 | +€15,294 | +119.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,853 | €2,923 | +€70 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €190 | +€190 | |
| Other operating charges | 640/8 | €141 | €531 | +€391 | +278.2% |
| Gross operating margin | 9900 | -€4,000 | €8,586 | +€12,586 | |
| Operating profit (loss) | 9901 | -€6,993 | €4,941 | +€11,934 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €231 | €1,604 | +€1,373 | +593.1% |
| Recurring financial charges | 65 | €231 | €1,604 | +€1,373 | +593.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,225 | €3,337 | +€10,562 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,225 | €3,337 | +€10,562 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,225 | €3,337 | +€10,562 |
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 8 October 2026 via checked.be.