FTL: 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.
FTL
Largest movements
- Receivables within one year -€4,737
down €4,737 (-89.1%), from €5,318 to €581
- Cash +€868
up €868 (+12.3%), from €7,034 to €7,902
mainly Receivables within one year (+€4,737)
- Tax, wage and social debts -€2,891
no longer reported in 2025 (was €2,891)
- Profit (loss) carried forward -€951
down €951 (-10.4%), from -€9,140 to -€10,091
- Purchases and services -€19,311
down €19,311 (-13.6%), from €141,819 to €122,508
- Turnover -€14,774
down €14,774 (-9.8%), from €151,306 to €136,532
- Gross operating margin +€4,537
up €4,537 (+47.8%), from €9,486 to €14,024
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 | €12,371 | €8,502 | -€3,869 | -31.3% |
| Fixed assets | 21/28 | €19 | €19 | = | 0.0% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €12,352 | €8,483 | -€3,869 | -31.3% |
| Amounts receivable within one year | 40/41 | €5,318 | €581 | -€4,737 | -89.1% |
| Other amounts receivable | 41 | €5,318 | €581 | -€4,737 | -89.1% |
| Cash at bank and in hand | 54/58 | €7,034 | €7,902 | +€868 | +12.3% |
| Total equity and liabilities | 10/49 | €12,371 | €8,502 | -€3,869 | -31.3% |
| Equity | 10/15 | €9,452 | €8,501 | -€951 | -10.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,140 | -€10,091 | -€951 | -10.4% |
| Amounts payable | 17/49 | €2,919 | €1 | -€2,918 | -100.0% |
| Amounts payable within one year | 42/48 | €2,919 | €1 | -€2,918 | -100.0% |
| Trade debts | 44 | €28 | €1 | -€27 | -97.8% |
| Suppliers | 440/4 | €28 | €1 | -€27 | -97.8% |
| Taxes, remuneration and social security | 45 | €2,891 | - | -€2,891 | |
| Taxes | 450/3 | €2,891 | - | -€2,891 | |
| Turnover | 70 | €151,306 | €136,532 | -€14,774 | -9.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €141,819 | €122,508 | -€19,311 | -13.6% |
| Remuneration, social security and pensions | 62 | €12,749 | €11,813 | -€936 | -7.3% |
| Other operating charges | 640/8 | €2,769 | €3,161 | +€393 | +14.2% |
| Gross operating margin | 9900 | €9,486 | €14,024 | +€4,537 | +47.8% |
| Operating profit (loss) | 9901 | -€6,032 | -€951 | +€5,081 | +84.2% |
| Financial charges | 65/66B | -€1 | -€0 | +€1 | +81.9% |
| Recurring financial charges | 65 | -€1 | -€0 | +€1 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,031 | -€951 | +€5,080 | +84.2% |
| Profit (loss) for the period | 9904 | -€6,031 | -€951 | +€5,080 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,031 | -€951 | +€5,080 | +84.2% |
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 29 September 2026 via checked.be.