FT&Co: 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.
FT&Co
Largest movements
- Receivables within one year +€65,342
up €65,342 (+1089.0%), from €6,000 to €71,342
of which Other amounts receivable: +€39,321
- Cash -€9,338
down €9,338 (-24.8%), from €37,674 to €28,336
mainly Receivables within one year (-€65,342) and Investment in fixed assets (net) (-€11,461)
- Tangible fixed assets +€2,960
up €2,960 (+12.2%), from €24,212 to €27,172
of which Other tangible fixed assets: +€9,530
- Receivables after one year +€2,400
new in 2025: €2,400
- Profit (loss) carried forward +€53,064
up €53,064 (+105.1%), from €50,471 to €103,535
- Tax, wage and social debts +€7,395
up €7,395 (+53.8%), from €13,747 to €21,142
- Gross operating margin +€39,617
up €39,617 (+106.8%), from €37,102 to €76,719
- Taxes +€7,899
up €7,899 (+104.3%), from €7,571 to €15,470
- Financial income +€1,065
new in 2025: €1,065
- Depreciation +€921
up €921 (+12.6%), from €7,300 to €8,220
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 | €69,367 | €130,489 | +€61,122 | +88.1% |
| Fixed assets | 21/28 | €24,212 | €27,452 | +€3,240 | +13.4% |
| Tangible fixed assets | 22/27 | €24,212 | €27,172 | +€2,960 | +12.2% |
| Furniture and vehicles | 24 | €24,212 | €17,643 | -€6,569 | -27.1% |
| Other tangible fixed assets | 26 | - | €9,530 | +€9,530 | |
| Financial fixed assets | 28 | - | €280 | +€280 | |
| Current assets | 29/58 | €45,155 | €103,037 | +€57,881 | +128.2% |
| Amounts receivable after more than one year | 29 | - | €2,400 | +€2,400 | |
| Trade receivables | 290 | - | €2,400 | +€2,400 | |
| Amounts receivable within one year | 40/41 | €6,000 | €71,342 | +€65,342 | +1089.0% |
| Trade receivables | 40 | €6,000 | €32,020 | +€26,020 | +433.7% |
| Other amounts receivable | 41 | - | €39,321 | +€39,321 | |
| Cash at bank and in hand | 54/58 | €37,674 | €28,336 | -€9,338 | -24.8% |
| Deferred charges and accrued income | 490/1 | €1,481 | €959 | -€522 | -35.3% |
| Total equity and liabilities | 10/49 | €69,367 | €130,489 | +€61,122 | +88.1% |
| Equity | 10/15 | €55,471 | €108,535 | +€53,064 | +95.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,471 | €103,535 | +€53,064 | +105.1% |
| Amounts payable | 17/49 | €13,897 | €21,954 | +€8,058 | +58.0% |
| Amounts payable within one year | 42/48 | €13,897 | €21,944 | +€8,047 | +57.9% |
| Trade debts | 44 | €150 | €802 | +€652 | +435.7% |
| Suppliers | 440/4 | €150 | €802 | +€652 | +435.7% |
| Taxes, remuneration and social security | 45 | €13,747 | €21,142 | +€7,395 | +53.8% |
| Taxes | 450/3 | €13,747 | €21,142 | +€7,395 | +53.8% |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,300 | €8,220 | +€921 | +12.6% |
| Other operating charges | 640/8 | €1,512 | €924 | -€588 | -38.9% |
| Gross operating margin | 9900 | €37,102 | €76,719 | +€39,617 | +106.8% |
| Operating profit (loss) | 9901 | €28,290 | €67,575 | +€39,284 | +138.9% |
| Financial income | 75/76B | - | €1,065 | +€1,065 | |
| Recurring financial income | 75 | - | €1,065 | +€1,065 | |
| Financial charges | 65/66B | €692 | €106 | -€586 | -84.7% |
| Recurring financial charges | 65 | €692 | €106 | -€586 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €27,599 | €68,534 | +€40,935 | +148.3% |
| Income taxes | 67/77 | €7,571 | €15,470 | +€7,899 | +104.3% |
| Profit (loss) for the period | 9904 | €20,028 | €53,064 | +€33,036 | +165.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,028 | €53,064 | +€33,036 | +165.0% |
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.