FTP: 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.
FTP
Largest movements
- Cash +€216,057
up €216,057 (+1531.6%), from €14,107 to €230,164
mainly Receivables within one year (+€130,777) and Net result for the year (+€87,497)
- Receivables within one year -€130,777
down €130,777 (-80.9%), from €161,706 to €30,929
of which Trade receivables: -€100,535
- Reserves +€87,497
up €87,497 (+84.6%), from €103,410 to €190,907
- Gross operating margin -€22,272
down €22,272 (-15.0%), from €148,452 to €126,180
- Taxes -€6,834
down €6,834 (-15.9%), from €42,866 to €36,032
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 | €184,179 | €268,175 | +€83,996 | +45.6% |
| Fixed assets | 21/28 | €5,000 | €5,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €179,179 | €263,175 | +€83,996 | +46.9% |
| Amounts receivable within one year | 40/41 | €161,706 | €30,929 | -€130,777 | -80.9% |
| Trade receivables | 40 | €131,285 | €30,750 | -€100,535 | -76.6% |
| Other amounts receivable | 41 | €30,421 | €179 | -€30,242 | -99.4% |
| Cash at bank and in hand | 54/58 | €14,107 | €230,164 | +€216,057 | +1531.6% |
| Deferred charges and accrued income | 490/1 | €3,367 | €2,083 | -€1,284 | -38.1% |
| Total equity and liabilities | 10/49 | €184,179 | €268,175 | +€83,996 | +45.6% |
| Equity | 10/15 | €113,410 | €200,907 | +€87,497 | +77.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €103,410 | €190,907 | +€87,497 | +84.6% |
| Distributable reserves | 133 | €103,410 | €190,907 | +€87,497 | +84.6% |
| Amounts payable | 17/49 | €70,770 | €67,268 | -€3,501 | -4.9% |
| Amounts payable within one year | 42/48 | €70,770 | €66,533 | -€4,237 | -6.0% |
| Trade debts | 44 | €2,152 | €94 | -€2,058 | -95.6% |
| Suppliers | 440/4 | €2,152 | €94 | -€2,058 | -95.6% |
| Taxes, remuneration and social security | 45 | €68,337 | €66,439 | -€1,898 | -2.8% |
| Taxes | 450/3 | €68,337 | €66,439 | -€1,898 | -2.8% |
| Other amounts payable | 47/48 | €281 | €0 | -€281 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €736 | +€736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €0 | -€605 | -100.0% |
| Other operating charges | 640/8 | €1,391 | €2,328 | +€936 | +67.3% |
| Gross operating margin | 9900 | €148,452 | €126,180 | -€22,272 | -15.0% |
| Operating profit (loss) | 9901 | €146,455 | €123,852 | -€22,603 | -15.4% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €179 | €328 | +€149 | +82.8% |
| Recurring financial charges | 65 | €179 | €328 | +€149 | +82.8% |
| Profit (loss) for the period before taxes | 9903 | €146,276 | €123,529 | -€22,747 | -15.6% |
| Income taxes | 67/77 | €42,866 | €36,032 | -€6,834 | -15.9% |
| Profit (loss) for the period | 9904 | €103,410 | €87,497 | -€15,913 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,410 | €87,497 | -€15,913 | -15.4% |
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 11 October 2026 via checked.be.