FWEB: 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.
FWEB
Largest movements
- Tangible fixed assets +€22,017
up €22,017 (+1,131%), from €1,947 to €23,963
of which Furniture and vehicles: +€22,059
- Cash +€2,576
up €2,576 (+627%), from €411 to €2,987
mainly Other debts (+€33,703) and Depreciation (+€7,430)
- Receivables within one year -€1,711
down €1,711 (-74.7%), from €2,291 to €580
of which Trade receivables: -€1,558
- Other debts +€33,703
up €33,703 (+1,163%), from €2,899 to €36,602
- Trade debts -€4,147
down €4,147 (-51.3%), from €8,078 to €3,930
- Reserves -€3,759
no longer reported in 2025 (was €3,759)
- Provisions -€2,506
no longer reported in 2025 (was €2,506)
- Tax, wage and social debts -€965
down €965 (-43.3%), from €2,227 to €1,262
- Depreciation +€7,080
up €7,080 (+2,020%), from €351 to €7,430
- Gross operating margin +€5,272
up €5,272, from -€1,462 to €3,810
- Taxes -€1,603
down €1,603 (-72.0%), from €2,225 to €622
- Other operating charges +€473
up €473 (+57.1%), from €829 to €1,302
- Financial charges -€74
down €74 (-60.5%), from €122 to €48
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 | €4,649 | €27,530 | +€22,881 | +492% |
| Fixed assets | 21/28 | €1,947 | €23,963 | +€22,017 | +1,131% |
| Tangible fixed assets | 22/27 | €1,947 | €23,963 | +€22,017 | +1,131% |
| Plant, machinery and equipment | 23 | €355 | €313 | -€42 | -11.9% |
| Furniture and vehicles | 24 | €1,592 | €23,650 | +€22,059 | +1,386% |
| Current assets | 29/58 | €2,702 | €3,567 | +€865 | +32.0% |
| Amounts receivable within one year | 40/41 | €2,291 | €580 | -€1,711 | -74.7% |
| Trade receivables | 40 | €2,138 | €580 | -€1,558 | -72.9% |
| Other amounts receivable | 41 | €153 | - | -€153 | |
| Cash at bank and in hand | 54/58 | €411 | €2,987 | +€2,576 | +627% |
| Total equity and liabilities | 10/49 | €4,649 | €27,530 | +€22,881 | +492% |
| Equity | 10/15 | -€11,205 | -€14,264 | -€3,059 | -27.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,759 | - | -€3,759 | |
| Tax-exempt reserves | 132 | €3,759 | - | -€3,759 | |
| Profit (loss) carried forward | 14 | -€21,164 | -€20,464 | +€700 | +3.3% |
| Provisions and deferred taxes | 16 | €2,506 | - | -€2,506 | |
| Deferred taxes | 168 | €2,506 | - | -€2,506 | |
| Amounts payable | 17/49 | €13,348 | €41,794 | +€28,446 | +213% |
| Amounts payable within one year | 42/48 | €13,348 | €41,794 | +€28,446 | +213% |
| Trade debts | 44 | €8,078 | €3,930 | -€4,147 | -51.3% |
| Suppliers | 440/4 | €8,078 | €3,930 | -€4,147 | -51.3% |
| Advances received on contracts in progress | 46 | €145 | - | -€145 | |
| Taxes, remuneration and social security | 45 | €2,227 | €1,262 | -€965 | -43.3% |
| Taxes | 450/3 | €2,227 | €1,262 | -€965 | -43.3% |
| Other amounts payable | 47/48 | €2,899 | €36,602 | +€33,703 | +1,163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351 | €7,430 | +€7,080 | +2,020% |
| Other operating charges | 640/8 | €829 | €1,302 | +€473 | +57.1% |
| Gross operating margin | 9900 | -€1,462 | €3,810 | +€5,272 | |
| Operating profit (loss) | 9901 | -€2,641 | -€4,922 | -€2,280 | -86.3% |
| Financial income | 75/76B | €12 | €27 | +€16 | +132% |
| Recurring financial income | 75 | €12 | €27 | +€16 | +132% |
| Financial charges | 65/66B | €122 | €48 | -€74 | -60.5% |
| Recurring financial charges | 65 | €122 | €48 | -€74 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,752 | -€4,942 | -€2,191 | -79.6% |
| Transfer from deferred taxes | 780 | €3,040 | €2,506 | -€534 | -17.6% |
| Income taxes | 67/77 | €2,225 | €622 | -€1,603 | -72.0% |
| Profit (loss) for the period | 9904 | -€1,937 | -€3,059 | -€1,122 | -57.9% |
| Transfer from tax-exempt reserves | 789 | €4,560 | €3,759 | -€801 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,623 | €700 | -€1,923 | -73.3% |
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 15 October 2026 via checked.be.