FTNT INTERNATIONAL: 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.
FTNT INTERNATIONAL
Largest movements
- Receivables within one year +€35,345
up €35,345 (+1,563%), from €2,261 to €37,606
- Cash -€15,351
down €15,351 (-55.3%), from €27,737 to €12,386
mainly Receivables within one year (-€35,345) and Tax, wage and social debts (-€7,056)
- Receivables after one year -€3,000
down €3,000 (-34.3%), from €8,750 to €5,750
- Tangible fixed assets +€2,031
up €2,031 (+23.9%), from €8,493 to €10,524
of which Plant, machinery and equipment: +€5,122
- Other debts +€24,776
up €24,776 (+5,172%), from €479 to €25,255
- Tax, wage and social debts -€7,056
down €7,056 (-50.9%), from €13,852 to €6,796
- Reserves +€2,965
up €2,965 (+4.6%), from €64,163 to €67,128
- Trade debts -€1,622
down €1,622 (-50.7%), from €3,199 to €1,577
- Financial income -€25,207
down €25,207 (-98.2%), from €25,667 to €460
of which Non-recurring financial income: -€24,950
- Gross operating margin +€15,140
up €15,140, from -€3,614 to €11,525
- Depreciation +€1,299
up €1,299 (+52.3%), from €2,483 to €3,782
- Taxes +€691
up €691 (+36.3%), from €1,905 to €2,596
- Other operating charges +€161
up €161 (+7.1%), from €2,269 to €2,430
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 | €82,693 | €101,756 | +€19,063 | +23.1% |
| Fixed assets | 21/28 | €42,150 | €44,182 | +€2,031 | +4.8% |
| Tangible fixed assets | 22/27 | €8,493 | €10,524 | +€2,031 | +23.9% |
| Plant, machinery and equipment | 23 | €1,724 | €6,846 | +€5,122 | +297% |
| Furniture and vehicles | 24 | €6,769 | €3,679 | -€3,091 | -45.7% |
| Financial fixed assets | 28 | €33,657 | €33,657 | = | 0.0% |
| Current assets | 29/58 | €40,543 | €57,575 | +€17,032 | +42.0% |
| Amounts receivable after more than one year | 29 | €8,750 | €5,750 | -€3,000 | -34.3% |
| Other amounts receivable | 291 | €8,750 | €5,750 | -€3,000 | -34.3% |
| Amounts receivable within one year | 40/41 | €2,261 | €37,606 | +€35,345 | +1,563% |
| Other amounts receivable | 41 | €2,261 | €37,606 | +€35,345 | +1,563% |
| Cash at bank and in hand | 54/58 | €27,737 | €12,386 | -€15,351 | -55.3% |
| Deferred charges and accrued income | 490/1 | €1,795 | €1,833 | +€38 | +2.1% |
| Total equity and liabilities | 10/49 | €82,693 | €101,756 | +€19,063 | +23.1% |
| Equity | 10/15 | €65,163 | €68,128 | +€2,965 | +4.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €64,163 | €67,128 | +€2,965 | +4.6% |
| Distributable reserves | 133 | €64,163 | €67,128 | +€2,965 | +4.6% |
| Amounts payable | 17/49 | €17,530 | €33,628 | +€16,098 | +91.8% |
| Amounts payable within one year | 42/48 | €17,530 | €33,628 | +€16,098 | +91.8% |
| Trade debts | 44 | €3,199 | €1,577 | -€1,622 | -50.7% |
| Suppliers | 440/4 | €3,199 | €1,577 | -€1,622 | -50.7% |
| Taxes, remuneration and social security | 45 | €13,852 | €6,796 | -€7,056 | -50.9% |
| Taxes | 450/3 | €13,852 | €6,796 | -€7,056 | -50.9% |
| Other amounts payable | 47/48 | €479 | €25,255 | +€24,776 | +5,172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,483 | €3,782 | +€1,299 | +52.3% |
| Other operating charges | 640/8 | €2,269 | €2,430 | +€161 | +7.1% |
| Gross operating margin | 9900 | -€3,614 | €11,525 | +€15,140 | |
| Operating profit (loss) | 9901 | -€8,367 | €5,313 | +€13,680 | |
| Financial income | 75/76B | €25,667 | €460 | -€25,207 | -98.2% |
| Recurring financial income | 75 | €717 | €460 | -€257 | -35.9% |
| Non-recurring financial income | 76B | €24,950 | - | -€24,950 | |
| Financial charges | 65/66B | €190 | €212 | +€22 | +11.7% |
| Recurring financial charges | 65 | €190 | €212 | +€22 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €17,110 | €5,561 | -€11,550 | -67.5% |
| Income taxes | 67/77 | €1,905 | €2,596 | +€691 | +36.3% |
| Profit (loss) for the period | 9904 | €15,205 | €2,965 | -€12,240 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,205 | €2,965 | -€12,240 | -80.5% |
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 17 October 2026 via checked.be.