FZA: 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.
FZA
Largest movements
- Cash -€20,828
down €20,828 (-86.9%), from €23,968 to €3,141
mainly Receivables within one year (-€11,854) and Tax, wage and social debts (-€7,273)
- Receivables within one year +€11,854
up €11,854 (+8.0%), from €148,481 to €160,335
of which Other amounts receivable: +€19,349
- Tax, wage and social debts -€7,273
down €7,273 (-42.6%), from €17,085 to €9,812
- Profit (loss) carried forward -€2,409
down €2,409 (-1.9%), from €127,228 to €124,819
- Staff costs +€5,927
up €5,927 (+32.6%), from €18,173 to €24,100
- Taxes -€1,842
down €1,842 (-91.1%), from €2,022 to €180
- Financial income +€1,171
new in 2025: €1,171
- Other operating charges +€676
up €676 (+77.5%), from €873 to €1,549
- Gross operating margin +€599
up €599 (+2.7%), from €22,047 to €22,646
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 | €175,330 | €166,116 | -€9,214 | -5.3% |
| Fixed assets | 21/28 | €2,881 | €2,641 | -€240 | -8.3% |
| Tangible fixed assets | 22/27 | €481 | €241 | -€240 | -49.9% |
| Plant, machinery and equipment | 23 | €481 | €241 | -€240 | -49.9% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €172,449 | €163,476 | -€8,974 | -5.2% |
| Amounts receivable within one year | 40/41 | €148,481 | €160,335 | +€11,854 | +8.0% |
| Trade receivables | 40 | €145,618 | €138,123 | -€7,495 | -5.1% |
| Other amounts receivable | 41 | €2,863 | €22,212 | +€19,349 | +675.9% |
| Cash at bank and in hand | 54/58 | €23,968 | €3,141 | -€20,828 | -86.9% |
| Total equity and liabilities | 10/49 | €175,330 | €166,116 | -€9,214 | -5.3% |
| Equity | 10/15 | €157,688 | €155,279 | -€2,409 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,228 | €124,819 | -€2,409 | -1.9% |
| Amounts payable | 17/49 | €17,642 | €10,837 | -€6,805 | -38.6% |
| Amounts payable within one year | 42/48 | €17,642 | €10,837 | -€6,805 | -38.6% |
| Trade debts | 44 | €557 | €1,024 | +€467 | +83.8% |
| Suppliers | 440/4 | €557 | €1,024 | +€467 | +83.8% |
| Taxes, remuneration and social security | 45 | €17,085 | €9,812 | -€7,273 | -42.6% |
| Taxes | 450/3 | €17,085 | €9,812 | -€7,273 | -42.6% |
| Remuneration, social security and pensions | 62 | €18,173 | €24,100 | +€5,927 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €240 | +€1 | +0.3% |
| Other operating charges | 640/8 | €873 | €1,549 | +€676 | +77.5% |
| Gross operating margin | 9900 | €22,047 | €22,646 | +€599 | +2.7% |
| Operating profit (loss) | 9901 | €2,761 | -€3,244 | -€6,005 | |
| Financial income | 75/76B | - | €1,171 | +€1,171 | |
| Recurring financial income | 75 | - | €1,171 | +€1,171 | |
| Financial charges | 65/66B | €77 | €156 | +€79 | +103.7% |
| Recurring financial charges | 65 | €77 | €156 | +€79 | +103.7% |
| Profit (loss) for the period before taxes | 9903 | €2,685 | -€2,229 | -€4,914 | |
| Income taxes | 67/77 | €2,022 | €180 | -€1,842 | -91.1% |
| Profit (loss) for the period | 9904 | €663 | -€2,409 | -€3,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €663 | -€2,409 | -€3,072 |
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.