FZ SERVICES: 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.
FZ SERVICES
Largest movements
- Receivables within one year -€63,249
down €63,249 (-29.1%), from €217,217 to €153,968
of which Trade receivables: -€51,226
- Tangible fixed assets -€4,912
down €4,912 (-56.9%), from €8,627 to €3,715
of which Furniture and vehicles: -€4,567
- Cash +€3,772
up €3,772 (+72.8%), from €5,181 to €8,953
mainly Receivables within one year (+€63,249) and Depreciation (+€4,912)
- Tax, wage and social debts -€35,910
down €35,910 (-50.5%), from €71,168 to €35,258
of which Taxes: -€31,117
- Profit (loss) carried forward -€28,950
down €28,950 (-50.1%), from €57,830 to €28,880
- Other operating charges +€90,973
up €90,973 (+905.6%), from €10,045 to €101,018
- Gross operating margin -€9,041
down €9,041 (-7.8%), from €115,899 to €106,858
- Taxes -€3,429
down €3,429 (-10.8%), from €31,804 to €28,376
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 | €234,218 | €168,336 | -€65,882 | -28.1% |
| Fixed assets | 21/28 | €9,485 | €5,414 | -€4,070 | -42.9% |
| Tangible fixed assets | 22/27 | €8,627 | €3,715 | -€4,912 | -56.9% |
| Plant, machinery and equipment | 23 | €557 | €212 | -€346 | -62.0% |
| Furniture and vehicles | 24 | €8,070 | €3,504 | -€4,567 | -56.6% |
| Financial fixed assets | 28 | €858 | €1,699 | +€842 | +98.2% |
| Current assets | 29/58 | €224,733 | €162,922 | -€61,811 | -27.5% |
| Amounts receivable within one year | 40/41 | €217,217 | €153,968 | -€63,249 | -29.1% |
| Trade receivables | 40 | €175,461 | €124,236 | -€51,226 | -29.2% |
| Other amounts receivable | 41 | €41,755 | €29,732 | -€12,023 | -28.8% |
| Cash at bank and in hand | 54/58 | €5,181 | €8,953 | +€3,772 | +72.8% |
| Deferred charges and accrued income | 490/1 | €2,335 | €1 | -€2,335 | -100.0% |
| Total equity and liabilities | 10/49 | €234,218 | €168,336 | -€65,882 | -28.1% |
| Equity | 10/15 | €158,649 | €129,699 | -€28,950 | -18.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €94,622 | €94,622 | = | 0.0% |
| Distributable reserves | 133 | €94,622 | €94,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,830 | €28,880 | -€28,950 | -50.1% |
| Amounts payable | 17/49 | €75,568 | €38,637 | -€36,932 | -48.9% |
| Amounts payable within one year | 42/48 | €75,568 | €38,637 | -€36,932 | -48.9% |
| Trade debts | 44 | €3,234 | €2,587 | -€647 | -20.0% |
| Suppliers | 440/4 | €3,234 | €2,587 | -€647 | -20.0% |
| Taxes, remuneration and social security | 45 | €71,168 | €35,258 | -€35,910 | -50.5% |
| Taxes | 450/3 | €66,376 | €35,258 | -€31,117 | -46.9% |
| Remuneration and social security | 454/9 | €4,792 | - | -€4,792 | |
| Other amounts payable | 47/48 | €1,166 | €791 | -€375 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,016 | €4,912 | -€104 | -2.1% |
| Other operating charges | 640/8 | €10,045 | €101,018 | +€90,973 | +905.6% |
| Gross operating margin | 9900 | €115,899 | €106,858 | -€9,041 | -7.8% |
| Operating profit (loss) | 9901 | €100,838 | €928 | -€99,910 | -99.1% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €597 | €1,518 | +€921 | +154.3% |
| Recurring financial charges | 65 | €597 | €1,518 | +€921 | +154.3% |
| Profit (loss) for the period before taxes | 9903 | €100,241 | -€575 | -€100,815 | |
| Income taxes | 67/77 | €31,804 | €28,376 | -€3,429 | -10.8% |
| Profit (loss) for the period | 9904 | €68,436 | -€28,950 | -€97,387 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,436 | -€28,950 | -€97,387 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.