FTA INVEST: 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.
FTA INVEST
Largest movements
- Tangible fixed assets +€67,750
up €67,750 (+33.4%), from €202,977 to €270,727
- Cash -€19,313
down €19,313 (-92.5%), from €20,871 to €1,558
mainly Investment in fixed assets (net) (-€73,500) and Net result for the year (-€3,078)
- Debts after one year +€49,401
up €49,401 (+32.5%), from €151,838 to €201,239
of which Financial debts: +€49,151
- Current portion of long-term debt +€3,920
up €3,920 (+30.3%), from €12,929 to €16,849
- Profit (loss) carried forward -€3,078
down €3,078 (-17.3%), from €17,756 to €14,678
- Gross operating margin -€19,003
down €19,003 (-63.5%), from €29,936 to €10,933
- Purchases and services +€14,243
up €14,243 (+169%), from €8,411 to €22,654
- Taxes -€4,589
no longer reported in 2025 (was €4,589)
- Other operating charges +€926
up €926 (+24.1%), from €3,837 to €4,763
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.
Derived cash bridge
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 | €252,044 | €297,997 | +€45,953 | +18.2% |
| Formation expenses | 20 | €24,886 | €24,043 | -€844 | -3.4% |
| Fixed assets | 21/28 | €202,977 | €270,727 | +€67,750 | +33.4% |
| Tangible fixed assets | 22/27 | €202,977 | €270,727 | +€67,750 | +33.4% |
| Land and buildings | 22 | €202,977 | €270,727 | +€67,750 | +33.4% |
| Current assets | 29/58 | €24,181 | €3,227 | -€20,953 | -86.7% |
| Amounts receivable within one year | 40/41 | €656 | €1,669 | +€1,013 | +154% |
| Other amounts receivable | 41 | €656 | €1,669 | +€1,013 | +154% |
| Cash at bank and in hand | 54/58 | €20,871 | €1,558 | -€19,313 | -92.5% |
| Deferred charges and accrued income | 490/1 | €2,653 | - | -€2,653 | |
| Total equity and liabilities | 10/49 | €252,044 | €297,997 | +€45,953 | +18.2% |
| Equity | 10/15 | €37,756 | €34,678 | -€3,078 | -8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €17,756 | €14,678 | -€3,078 | -17.3% |
| Amounts payable | 17/49 | €214,288 | €263,319 | +€49,031 | +22.9% |
| Amounts payable after more than one year | 17 | €151,838 | €201,239 | +€49,401 | +32.5% |
| Financial debts | 170/4 | €148,338 | €197,489 | +€49,151 | +33.1% |
| Other amounts payable | 178/9 | €3,500 | €3,750 | +€250 | +7.1% |
| Amounts payable within one year | 42/48 | €62,450 | €62,080 | -€370 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,929 | €16,849 | +€3,920 | +30.3% |
| Trade debts | 44 | €2,913 | €2,463 | -€451 | -15.5% |
| Suppliers | 440/4 | €2,913 | €2,463 | -€451 | -15.5% |
| Taxes, remuneration and social security | 45 | €5,978 | €4,589 | -€1,389 | -23.2% |
| Taxes | 450/3 | €5,978 | €4,589 | -€1,389 | -23.2% |
| Other amounts payable | 47/48 | €40,630 | €38,180 | -€2,450 | -6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,411 | €22,654 | +€14,243 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,581 | €6,594 | +€13 | +0.2% |
| Other operating charges | 640/8 | €3,837 | €4,763 | +€926 | +24.1% |
| Gross operating margin | 9900 | €29,936 | €10,933 | -€19,003 | -63.5% |
| Operating profit (loss) | 9901 | €19,517 | -€424 | -€19,942 | |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €2,740 | €2,654 | -€86 | -3.2% |
| Recurring financial charges | 65 | €2,740 | €2,654 | -€86 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €16,789 | -€3,078 | -€19,868 | |
| Income taxes | 67/77 | €4,589 | - | -€4,589 | |
| Profit (loss) for the period | 9904 | €12,200 | -€3,078 | -€15,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,200 | -€3,078 | -€15,279 |
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 30 October 2026 via checked.be.