FTS: 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.
FTS
Largest movements
- Receivables within one year -€25,139
down €25,139 (-69.9%), from €35,949 to €10,809
of which Trade receivables: -€25,945
- Cash +€12,469
up €12,469 (+62.8%), from €19,851 to €32,320
mainly Receivables within one year (+€25,139) and Depreciation (+€2,190)
- Tangible fixed assets -€2,190
down €2,190 (-27.7%), from €7,902 to €5,712
of which Plant, machinery and equipment: -€1,868
- Profit (loss) carried forward -€14,166
down €14,166 (-15.0%), from -€94,163 to -€108,329
- Tax, wage and social debts -€2,969
down €2,969 (-99.5%), from €2,985 to €16
- Other debts +€1,586
up €1,586 (+0.9%), from €184,981 to €186,568
- Gross operating margin -€23,168
down €23,168, from €21,832 to -€1,336
- Depreciation -€3,986
down €3,986 (-64.5%), from €6,176 to €2,190
- Other operating charges -€2,612
down €2,612 (-20.7%), from €12,631 to €10,019
- Financial charges -€1,659
down €1,659 (-71.4%), from €2,323 to €664
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 | €117,882 | €101,939 | -€15,942 | -13.5% |
| Fixed assets | 21/28 | €7,902 | €5,712 | -€2,190 | -27.7% |
| Tangible fixed assets | 22/27 | €7,902 | €5,712 | -€2,190 | -27.7% |
| Plant, machinery and equipment | 23 | €5,297 | €3,429 | -€1,868 | -35.3% |
| Other tangible fixed assets | 26 | €2,605 | €2,282 | -€323 | -12.4% |
| Current assets | 29/58 | €109,980 | €96,228 | -€13,752 | -12.5% |
| Stocks and contracts in progress | 3 | €53,719 | €52,612 | -€1,107 | -2.1% |
| Stocks | 30/36 | €53,719 | €52,612 | -€1,107 | -2.1% |
| Amounts receivable within one year | 40/41 | €35,949 | €10,809 | -€25,139 | -69.9% |
| Trade receivables | 40 | €35,949 | €10,003 | -€25,945 | -72.2% |
| Other amounts receivable | 41 | - | €806 | +€806 | |
| Cash at bank and in hand | 54/58 | €19,851 | €32,320 | +€12,469 | +62.8% |
| Deferred charges and accrued income | 490/1 | €461 | €486 | +€25 | +5.4% |
| Total equity and liabilities | 10/49 | €117,882 | €101,939 | -€15,942 | -13.5% |
| Equity | 10/15 | -€75,144 | -€89,310 | -€14,166 | -18.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,619 | €6,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,759 | €4,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,163 | -€108,329 | -€14,166 | -15.0% |
| Amounts payable | 17/49 | €193,026 | €191,249 | -€1,777 | -0.9% |
| Amounts payable within one year | 42/48 | €193,026 | €191,249 | -€1,777 | -0.9% |
| Trade debts | 44 | €5,059 | €4,666 | -€394 | -7.8% |
| Suppliers | 440/4 | €5,059 | €4,666 | -€394 | -7.8% |
| Taxes, remuneration and social security | 45 | €2,985 | €16 | -€2,969 | -99.5% |
| Taxes | 450/3 | €2,985 | €16 | -€2,969 | -99.5% |
| Other amounts payable | 47/48 | €184,981 | €186,568 | +€1,586 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,176 | €2,190 | -€3,986 | -64.5% |
| Other operating charges | 640/8 | €12,631 | €10,019 | -€2,612 | -20.7% |
| Gross operating margin | 9900 | €21,832 | -€1,336 | -€23,168 | |
| Operating profit (loss) | 9901 | €3,025 | -€13,545 | -€16,570 | |
| Financial income | 75/76B | €245 | €43 | -€203 | -82.6% |
| Recurring financial income | 75 | €245 | €43 | -€203 | -82.6% |
| Financial charges | 65/66B | €2,323 | €664 | -€1,659 | -71.4% |
| Recurring financial charges | 65 | €2,323 | €664 | -€1,659 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €947 | -€14,166 | -€15,113 | |
| Profit (loss) for the period | 9904 | €947 | -€14,166 | -€15,113 | |
| Profit (loss) for the period to be appropriated | 9905 | €947 | -€14,166 | -€15,113 |
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 29 September 2026 via checked.be.