FTC: 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.
FTC
Largest movements
- Receivables within one year +€7,027
up €7,027 (+82.2%), from €8,552 to €15,579
- Tangible fixed assets -€477
down €477 (-39.8%), from €1,197 to €721
of which Furniture and vehicles: -€361
- Deferred charges and accrued income +€207
up €207 (+71.1%), from €291 to €498
- Trade debts +€10,429
up €10,429 (+99.7%), from €10,462 to €20,891
- Short-term financial debts -€9,455
down €9,455 (-95.0%), from €9,953 to €498
- Profit (loss) carried forward +€7,875
up €7,875 (+4.8%), from -€163,052 to -€155,177
- Other debts -€1,324
down €1,324 (-6.3%), from €20,980 to €19,656
- Accrued charges and deferred income -€666
down €666 (-71.9%), from €926 to €260
- Other operating charges +€3,076
up €3,076 (+410.4%), from €749 to €3,825
- Gross operating margin +€959
up €959 (+7.5%), from €12,787 to €13,746
- Financial income -€249
no longer reported in 2025 (was €249)
- Depreciation +€166
up €166 (+53.2%), from €311 to €477
- Financial charges -€163
down €163 (-9.4%), from €1,732 to €1,569
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,041 | €16,799 | +€6,757 | +67.3% |
| Fixed assets | 21/28 | €1,197 | €721 | -€477 | -39.8% |
| Tangible fixed assets | 22/27 | €1,197 | €721 | -€477 | -39.8% |
| Plant, machinery and equipment | 23 | €311 | €195 | -€116 | -37.3% |
| Furniture and vehicles | 24 | €887 | €526 | -€361 | -40.7% |
| Current assets | 29/58 | €8,844 | €16,078 | +€7,234 | +81.8% |
| Amounts receivable within one year | 40/41 | €8,552 | €15,579 | +€7,027 | +82.2% |
| Trade receivables | 40 | €8,552 | €15,579 | +€7,027 | +82.2% |
| Deferred charges and accrued income | 490/1 | €291 | €498 | +€207 | +71.1% |
| Total equity and liabilities | 10/49 | €10,041 | €16,799 | +€6,757 | +67.3% |
| Equity | 10/15 | -€144,452 | -€136,577 | +€7,875 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,052 | -€155,177 | +€7,875 | +4.8% |
| Amounts payable | 17/49 | €154,494 | €153,376 | -€1,118 | -0.7% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,568 | €43,116 | -€452 | -1.0% |
| Financial debts | 43 | €9,953 | €498 | -€9,455 | -95.0% |
| Credit institutions | 430/8 | €9,953 | €498 | -€9,455 | -95.0% |
| Trade debts | 44 | €10,462 | €20,891 | +€10,429 | +99.7% |
| Suppliers | 440/4 | €10,462 | €20,891 | +€10,429 | +99.7% |
| Taxes, remuneration and social security | 45 | €2,174 | €2,070 | -€103 | -4.8% |
| Taxes | 450/3 | €2,174 | €2,070 | -€103 | -4.8% |
| Other amounts payable | 47/48 | €20,980 | €19,656 | -€1,324 | -6.3% |
| Accrued charges and deferred income | 492/3 | €926 | €260 | -€666 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €477 | +€166 | +53.2% |
| Other operating charges | 640/8 | €749 | €3,825 | +€3,076 | +410.4% |
| Gross operating margin | 9900 | €12,787 | €13,746 | +€959 | +7.5% |
| Operating profit (loss) | 9901 | €11,727 | €9,444 | -€2,283 | -19.5% |
| Financial income | 75/76B | €249 | - | -€249 | |
| Recurring financial income | 75 | €249 | - | -€249 | |
| Financial charges | 65/66B | €1,732 | €1,569 | -€163 | -9.4% |
| Recurring financial charges | 65 | €1,732 | €1,569 | -€163 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €10,244 | €7,875 | -€2,368 | -23.1% |
| Profit (loss) for the period | 9904 | €10,244 | €7,875 | -€2,368 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,244 | €7,875 | -€2,368 | -23.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.