FSB: what changed
FSB
Largest movements
- Receivables within one year -€51,932
down €51,932 (-21.6%), from €240,584 to €188,652
of which Trade receivables: -€53,257
- Cash -€41,497
down €41,497 (-58.6%), from €70,870 to €29,373
mainly Advances received (-€94,159) and Contributions, distributions and other (-€90,000)
- Tangible fixed assets -€4,844
down €4,844 (-45.7%), from €10,597 to €5,753
- Advances received -€94,159
down €94,159 (-92.6%), from €101,738 to €7,579
- Profit (loss) carried forward -€79,281
down €79,281 (-56.4%), from €140,673 to €61,392
- Other debts +€63,226
up €63,226 (+289%), from €21,909 to €85,135
- Tax, wage and social debts +€7,525
up €7,525 (+18.6%), from €40,559 to €48,084
of which Taxes: +€6,545
- Taxes -€9,697
down €9,697, from €8,115 to -€1,582
- Gross operating margin -€5,331
down €5,331 (-9.2%), from €57,835 to €52,504
- Depreciation +€1,334
up €1,334 (+15.7%), from €8,491 to €9,825
- Staff costs -€1,273
down €1,273 (-3.7%), from €34,791 to €33,518
- Financial charges -€1,004
down €1,004 (-62.5%), from €1,608 to €604
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,370 | €311,470 | -€97,900 | -23.9% |
| Fixed assets | 21/28 | €14,889 | €10,045 | -€4,844 | -32.5% |
| Tangible fixed assets | 22/27 | €10,597 | €5,753 | -€4,844 | -45.7% |
| Furniture and vehicles | 24 | €10,597 | €5,753 | -€4,844 | -45.7% |
| Financial fixed assets | 28 | €4,292 | €4,292 | = | 0.0% |
| Current assets | 29/58 | €394,481 | €301,425 | -€93,056 | -23.6% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €240,584 | €188,652 | -€51,932 | -21.6% |
| Trade receivables | 40 | €238,273 | €185,016 | -€53,257 | -22.4% |
| Other amounts receivable | 41 | €2,311 | €3,636 | +€1,325 | +57.3% |
| Cash at bank and in hand | 54/58 | €70,870 | €29,373 | -€41,497 | -58.6% |
| Deferred charges and accrued income | 490/1 | €3,027 | €3,400 | +€373 | +12.3% |
| Total equity and liabilities | 10/49 | €409,370 | €311,470 | -€97,900 | -23.9% |
| Equity | 10/15 | €146,873 | €67,592 | -€79,281 | -54.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,673 | €61,392 | -€79,281 | -56.4% |
| Amounts payable | 17/49 | €262,496 | €243,878 | -€18,618 | -7.1% |
| Amounts payable within one year | 42/48 | €262,496 | €243,158 | -€19,338 | -7.4% |
| Trade debts | 44 | €98,291 | €102,361 | +€4,070 | +4.1% |
| Suppliers | 440/4 | €98,291 | €102,361 | +€4,070 | +4.1% |
| Advances received on contracts in progress | 46 | €101,738 | €7,579 | -€94,159 | -92.6% |
| Taxes, remuneration and social security | 45 | €40,559 | €48,084 | +€7,525 | +18.6% |
| Taxes | 450/3 | €37,284 | €43,829 | +€6,545 | +17.6% |
| Remuneration and social security | 454/9 | €3,275 | €4,255 | +€980 | +29.9% |
| Other amounts payable | 47/48 | €21,909 | €85,135 | +€63,226 | +289% |
| Accrued charges and deferred income | 492/3 | - | €720 | +€720 | |
| Remuneration, social security and pensions | 62 | €34,791 | €33,518 | -€1,273 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,491 | €9,825 | +€1,334 | +15.7% |
| Other operating charges | 640/8 | €1,111 | €1,229 | +€118 | +10.6% |
| Gross operating margin | 9900 | €57,835 | €52,504 | -€5,331 | -9.2% |
| Operating profit (loss) | 9901 | €13,442 | €7,932 | -€5,510 | -41.0% |
| Financial income | 75/76B | €1,212 | €1,808 | +€596 | +49.2% |
| Recurring financial income | 75 | €1,212 | €1,808 | +€596 | +49.2% |
| Financial charges | 65/66B | €1,608 | €604 | -€1,004 | -62.5% |
| Recurring financial charges | 65 | €1,608 | €604 | -€1,004 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €13,046 | €9,137 | -€3,909 | -30.0% |
| Income taxes | 67/77 | €8,115 | -€1,582 | -€9,697 | |
| Profit (loss) for the period | 9904 | €4,931 | €10,719 | +€5,788 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €4,931 | €10,719 | +€5,788 | +117% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.