FTS Gent: 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.
FTS Gent
Largest movements
- Cash -€11,463
down €11,463 (-20.8%), from €55,039 to €43,576
mainly Other debts (-€12,751) and Tax, wage and social debts (-€8,680)
- Receivables within one year +€2,314
up €2,314 (+20.2%), from €11,446 to €13,760
of which Trade receivables: +€1,887
- Other debts -€12,751
down €12,751 (-99.6%), from €12,806 to €55
- Reserves +€12,000
up €12,000 (+400%), from €3,000 to €15,000
of which Distributable reserves: +€12,000
- Tax, wage and social debts -€8,680
no longer reported in 2025 (was €8,680)
- Current portion of long-term debt +€3,766
new in 2025: €3,766
- Trade debts -€3,525
down €3,525 (-29.3%), from €12,028 to €8,503
- Gross operating margin -€7,310
down €7,310 (-28.5%), from €25,644 to €18,334
- Taxes -€2,169
down €2,169 (-33.7%), from €6,430 to €4,261
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 | €67,244 | €58,645 | -€8,599 | -12.8% |
| Current assets | 29/58 | €67,244 | €58,645 | -€8,599 | -12.8% |
| Amounts receivable within one year | 40/41 | €11,446 | €13,760 | +€2,314 | +20.2% |
| Trade receivables | 40 | €5,188 | €7,075 | +€1,887 | +36.4% |
| Other amounts receivable | 41 | €6,258 | €6,685 | +€427 | +6.8% |
| Cash at bank and in hand | 54/58 | €55,039 | €43,576 | -€11,463 | -20.8% |
| Deferred charges and accrued income | 490/1 | €759 | €1,309 | +€550 | +72.5% |
| Total equity and liabilities | 10/49 | €67,244 | €58,645 | -€8,599 | -12.8% |
| Equity | 10/15 | €33,730 | €46,321 | +€12,591 | +37.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €15,000 | +€12,000 | +400% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | €730 | €1,321 | +€591 | +81.0% |
| Amounts payable | 17/49 | €33,514 | €12,324 | -€21,190 | -63.2% |
| Amounts payable within one year | 42/48 | €33,514 | €12,324 | -€21,190 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,766 | +€3,766 | |
| Trade debts | 44 | €12,028 | €8,503 | -€3,525 | -29.3% |
| Suppliers | 440/4 | €12,028 | €8,503 | -€3,525 | -29.3% |
| Taxes, remuneration and social security | 45 | €8,680 | - | -€8,680 | |
| Taxes | 450/3 | €8,680 | - | -€8,680 | |
| Other amounts payable | 47/48 | €12,806 | €55 | -€12,751 | -99.6% |
| Other operating charges | 640/8 | €575 | €532 | -€43 | -7.5% |
| Gross operating margin | 9900 | €25,644 | €18,334 | -€7,310 | -28.5% |
| Operating profit (loss) | 9901 | €25,069 | €17,802 | -€7,267 | -29.0% |
| Financial income | 75/76B | - | €68 | +€68 | |
| Recurring financial income | 75 | - | €68 | +€68 | |
| Financial charges | 65/66B | €1,113 | €1,018 | -€95 | -8.5% |
| Recurring financial charges | 65 | €1,113 | €1,018 | -€95 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €23,956 | €16,852 | -€7,104 | -29.7% |
| Income taxes | 67/77 | €6,430 | €4,261 | -€2,169 | -33.7% |
| Profit (loss) for the period | 9904 | €17,526 | €12,591 | -€4,935 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,526 | €12,591 | -€4,935 | -28.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.