F & D Projects: 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.
F & D Projects
Largest movements
- Cash +€200,459
up €200,459 (+462%), from €43,375 to €243,835
mainly Current investments (+€200,000) and Other debts (+€1,380)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€8,054
down €8,054, from €1,494 to -€6,560
- Financial income +€3,050
up €3,050 (+95.3%), from €3,200 to €6,250
- Taxes -€1,033
down €1,033 (-100%), from €1,033 to €0
- Financial charges +€224
up €224 (+231%), from €97 to €321
- Depreciation -€80
down €80 (-100%), from €80 to €0
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 | €245,584 | €245,962 | +€378 | +0.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €245,584 | €245,962 | +€378 | +0.2% |
| Amounts receivable within one year | 40/41 | €2,209 | €2,127 | -€82 | -3.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,209 | €2,127 | -€82 | -3.7% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €43,375 | €243,835 | +€200,459 | +462% |
| Total equity and liabilities | 10/49 | €245,584 | €245,962 | +€378 | +0.2% |
| Equity | 10/15 | €238,415 | €237,397 | -€1,018 | -0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €218,415 | €217,397 | -€1,018 | -0.5% |
| Distributable reserves | 133 | €218,415 | €217,397 | -€1,018 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €7,169 | €8,565 | +€1,396 | +19.5% |
| Amounts payable within one year | 42/48 | €7,169 | €8,565 | +€1,396 | +19.5% |
| Trade debts | 44 | €442 | €457 | +€16 | +3.6% |
| Suppliers | 440/4 | €442 | €457 | +€16 | +3.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,728 | €8,108 | +€1,380 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | €0 | -€80 | -100% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €1,494 | -€6,560 | -€8,054 | |
| Operating profit (loss) | 9901 | €1,029 | -€6,948 | -€7,977 | |
| Financial income | 75/76B | €3,200 | €6,250 | +€3,050 | +95.3% |
| Recurring financial income | 75 | €3,200 | €6,250 | +€3,050 | +95.3% |
| Financial charges | 65/66B | €97 | €321 | +€224 | +231% |
| Recurring financial charges | 65 | €97 | €321 | +€224 | +231% |
| Profit (loss) for the period before taxes | 9903 | €4,132 | -€1,018 | -€5,151 | |
| Income taxes | 67/77 | €1,033 | €0 | -€1,033 | -100% |
| Profit (loss) for the period | 9904 | €3,099 | -€1,018 | -€4,117 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,099 | -€1,018 | -€4,117 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.