FTBS: 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.
FTBS
Largest movements
- Tangible fixed assets +€21,219
up €21,219 (+25.1%), from €84,431 to €105,650
of which Other tangible fixed assets: +€14,956
- Cash +€6,860
up €6,860 (+8.1%), from €84,649 to €91,509
mainly Net result for the year (+€23,066) and Other debts (+€22,621)
- Receivables within one year -€2,320
down €2,320 (-33.4%), from €6,954 to €4,635
of which Trade receivables: -€3,083
- Other debts +€22,621
up €22,621 (+136.9%), from €16,529 to €39,150
- Reserves +€2,839
up €2,839 (+2.2%), from €131,628 to €134,467
of which Distributable reserves: +€2,839
- Tax, wage and social debts +€2,260
up €2,260 (+19.5%), from €11,590 to €13,850
of which Taxes: +€1,935
- Gross operating margin +€6,784
up €6,784 (+12.5%), from €54,194 to €60,978
- Taxes +€3,613
up €3,613 (+58.4%), from €6,184 to €9,797
- Depreciation +€2,777
up €2,777 (+28.4%), from €9,783 to €12,560
- Staff costs +€1,041
up €1,041 (+8.1%), from €12,880 to €13,921
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,042 | €205,063 | +€25,021 | +13.9% |
| Fixed assets | 21/28 | €84,480 | €105,699 | +€21,219 | +25.1% |
| Tangible fixed assets | 22/27 | €84,431 | €105,650 | +€21,219 | +25.1% |
| Plant, machinery and equipment | 23 | €7,183 | €13,446 | +€6,263 | +87.2% |
| Other tangible fixed assets | 26 | €77,248 | €92,204 | +€14,956 | +19.4% |
| Financial fixed assets | 28 | €49 | €49 | = | 0.0% |
| Current assets | 29/58 | €95,563 | €99,364 | +€3,802 | +4.0% |
| Stocks and contracts in progress | 3 | €1,889 | €1,822 | -€68 | -3.6% |
| Stocks | 30/36 | €1,889 | €1,822 | -€68 | -3.6% |
| Amounts receivable within one year | 40/41 | €6,954 | €4,635 | -€2,320 | -33.4% |
| Trade receivables | 40 | €5,125 | €2,041 | -€3,083 | -60.2% |
| Other amounts receivable | 41 | €1,830 | €2,593 | +€764 | +41.7% |
| Cash at bank and in hand | 54/58 | €84,649 | €91,509 | +€6,860 | +8.1% |
| Deferred charges and accrued income | 490/1 | €2,070 | €1,399 | -€672 | -32.4% |
| Total equity and liabilities | 10/49 | €180,042 | €205,063 | +€25,021 | +13.9% |
| Equity | 10/15 | €144,699 | €147,537 | +€2,839 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €131,628 | €134,467 | +€2,839 | +2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,768 | €132,607 | +€2,839 | +2.2% |
| Profit (loss) carried forward | 14 | €670 | €670 | = | 0.0% |
| Amounts payable | 17/49 | €35,344 | €57,526 | +€22,182 | +62.8% |
| Amounts payable within one year | 42/48 | €35,344 | €57,526 | +€22,182 | +62.8% |
| Trade debts | 44 | €6,401 | €4,526 | -€1,875 | -29.3% |
| Suppliers | 440/4 | €6,401 | €4,526 | -€1,875 | -29.3% |
| Advances received on contracts in progress | 46 | €824 | - | -€824 | |
| Taxes, remuneration and social security | 45 | €11,590 | €13,850 | +€2,260 | +19.5% |
| Taxes | 450/3 | €11,229 | €13,164 | +€1,935 | +17.2% |
| Remuneration and social security | 454/9 | €361 | €686 | +€325 | +90.1% |
| Other amounts payable | 47/48 | €16,529 | €39,150 | +€22,621 | +136.9% |
| Remuneration, social security and pensions | 62 | €12,880 | €13,921 | +€1,041 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,783 | €12,560 | +€2,777 | +28.4% |
| Other operating charges | 640/8 | €1,318 | €1,444 | +€126 | +9.5% |
| Gross operating margin | 9900 | €54,194 | €60,978 | +€6,784 | +12.5% |
| Operating profit (loss) | 9901 | €30,212 | €33,052 | +€2,840 | +9.4% |
| Financial income | 75/76B | €0 | €59 | +€59 | +593800.0% |
| Recurring financial income | 75 | €0 | €59 | +€59 | +593800.0% |
| Financial charges | 65/66B | €122 | €249 | +€126 | +103.2% |
| Recurring financial charges | 65 | €122 | €249 | +€126 | +103.2% |
| Profit (loss) for the period before taxes | 9903 | €30,090 | €32,863 | +€2,773 | +9.2% |
| Income taxes | 67/77 | €6,184 | €9,797 | +€3,613 | +58.4% |
| Profit (loss) for the period | 9904 | €23,906 | €23,066 | -€840 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,906 | €23,066 | -€840 | -3.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.