FTA CONSEILS: 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.
FTA CONSEILS
Largest movements
- Current investments +€119,999
new in 2025: €119,999
- Cash -€110,437
down €110,437 (-48.3%), from €228,736 to €118,298
mainly Current investments (-€119,999) and Contributions, distributions and other (-€84,000)
- Receivables within one year +€45,022
up €45,022 (+54.5%), from €82,578 to €127,600
of which Trade receivables: +€28,258
- Tangible fixed assets -€37,813
down €37,813 (-36.6%), from €103,342 to €65,528
- Receivables after one year -€6,147
down €6,147 (-7.1%), from €86,309 to €80,162
- Other debts +€65,435
up €65,435 (+492.0%), from €13,300 to €78,735
- Debts after one year -€35,756
down €35,756 (-36.0%), from €99,423 to €63,666
- Reserves -€23,000
down €23,000 (-13.2%), from €174,859 to €151,859
of which Distributable reserves: -€23,000
- Tax, wage and social debts +€9,468
up €9,468 (+15.4%), from €61,448 to €70,915
of which Taxes: +€6,145
- Gross operating margin +€35,553
up €35,553 (+16.3%), from €218,639 to €254,192
- Taxes +€9,944
up €9,944 (+48.9%), from €20,328 to €30,272
- Write-downs +€4,000
new in 2025: €4,000
- Purchases and services +€3,581
up €3,581 (+1.4%), from €250,165 to €253,746
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 | €506,954 | €515,437 | +€8,483 | +1.7% |
| Fixed assets | 21/28 | €106,932 | €69,118 | -€37,813 | -35.4% |
| Tangible fixed assets | 22/27 | €103,342 | €65,528 | -€37,813 | -36.6% |
| Land and buildings | 22 | €63,705 | €44,808 | -€18,897 | -29.7% |
| Plant, machinery and equipment | 23 | €37,632 | €20,101 | -€17,532 | -46.6% |
| Furniture and vehicles | 24 | €2,004 | €619 | -€1,384 | -69.1% |
| Financial fixed assets | 28 | €3,590 | €3,590 | = | 0.0% |
| Current assets | 29/58 | €400,023 | €446,319 | +€46,296 | +11.6% |
| Amounts receivable after more than one year | 29 | €86,309 | €80,162 | -€6,147 | -7.1% |
| Other amounts receivable | 291 | €86,309 | €80,162 | -€6,147 | -7.1% |
| Amounts receivable within one year | 40/41 | €82,578 | €127,600 | +€45,022 | +54.5% |
| Trade receivables | 40 | €74,544 | €102,802 | +€28,258 | +37.9% |
| Other amounts receivable | 41 | €8,034 | €24,797 | +€16,763 | +208.7% |
| Current investments | 50/53 | - | €119,999 | +€119,999 | |
| Cash at bank and in hand | 54/58 | €228,736 | €118,298 | -€110,437 | -48.3% |
| Deferred charges and accrued income | 490/1 | €2,400 | €260 | -€2,140 | -89.2% |
| Total equity and liabilities | 10/49 | €506,954 | €515,437 | +€8,483 | +1.7% |
| Equity | 10/15 | €265,626 | €243,186 | -€22,440 | -8.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €174,859 | €151,859 | -€23,000 | -13.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €173,000 | €150,000 | -€23,000 | -13.3% |
| Profit (loss) carried forward | 14 | €72,175 | €72,735 | +€560 | +0.8% |
| Amounts payable | 17/49 | €241,329 | €272,251 | +€30,923 | +12.8% |
| Amounts payable after more than one year | 17 | €99,423 | €63,666 | -€35,756 | -36.0% |
| Financial debts | 170/4 | €99,423 | €63,666 | -€35,756 | -36.0% |
| Amounts payable within one year | 42/48 | €137,980 | €205,675 | +€67,695 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €43,049 | €39,531 | -€3,518 | -8.2% |
| Financial debts | 43 | €1,857 | - | -€1,857 | |
| Credit institutions | 430/8 | €1,857 | - | -€1,857 | |
| Trade debts | 44 | €18,326 | €15,283 | -€3,042 | -16.6% |
| Suppliers | 440/4 | €18,326 | €15,283 | -€3,042 | -16.6% |
| Advances received on contracts in progress | 46 | - | €1,210 | +€1,210 | |
| Taxes, remuneration and social security | 45 | €61,448 | €70,915 | +€9,468 | +15.4% |
| Taxes | 450/3 | €32,668 | €38,813 | +€6,145 | +18.8% |
| Remuneration and social security | 454/9 | €28,780 | €32,102 | +€3,322 | +11.5% |
| Other amounts payable | 47/48 | €13,300 | €78,735 | +€65,435 | +492.0% |
| Accrued charges and deferred income | 492/3 | €3,926 | €2,910 | -€1,016 | -25.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €250,165 | €253,746 | +€3,581 | +1.4% |
| Remuneration, social security and pensions | 62 | €99,504 | €101,978 | +€2,474 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,334 | €39,259 | -€75 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €9,983 | €9,621 | -€362 | -3.6% |
| Non-recurring operating charges | 66A | €126 | €380 | +€254 | +201.3% |
| Gross operating margin | 9900 | €218,639 | €254,192 | +€35,553 | +16.3% |
| Operating profit (loss) | 9901 | €69,692 | €98,954 | +€29,262 | +42.0% |
| Financial income | 75/76B | €2,755 | €2,947 | +€192 | +7.0% |
| Recurring financial income | 75 | €2,755 | €2,947 | +€192 | +7.0% |
| Financial charges | 65/66B | €11,065 | €10,069 | -€996 | -9.0% |
| Recurring financial charges | 65 | €11,065 | €10,069 | -€996 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €61,382 | €91,832 | +€30,450 | +49.6% |
| Income taxes | 67/77 | €20,328 | €30,272 | +€9,944 | +48.9% |
| Profit (loss) for the period | 9904 | €41,054 | €61,560 | +€20,506 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,054 | €61,560 | +€20,506 | +49.9% |
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 3 October 2026 via checked.be.