F&T Projects: 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.
F&T Projects
Largest movements
- Cash -€2,809
down €2,809 (-17.1%), from €16,448 to €13,639
mainly Other debts (-€15,050) and Tax, wage and social debts (-€2,912)
- Tangible fixed assets +€1,608
new in 2025: €1,608
- Receivables within one year +€1,095
up €1,095 (+13.5%), from €8,100 to €9,195
- Deferred charges and accrued income +€555
new in 2025: €555
- Profit (loss) carried forward +€18,623
up €18,623 (+64.1%), from -€29,043 to -€10,420
- Other debts -€15,050
down €15,050 (-71.4%), from €21,072 to €6,022
- Tax, wage and social debts -€2,912
down €2,912 (-24.6%), from €11,852 to €8,940
of which Taxes: -€2,912
- Trade debts -€631
down €631 (-99.7%), from €632 to €2
- Accrued charges and deferred income +€417
up €417 (+153.5%), from €272 to €689
- Gross operating margin +€3,084
up €3,084 (+17.9%), from €17,254 to €20,338
- Other operating charges +€749
up €749 (+254.6%), from €294 to €1,043
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 | €25,237 | €25,685 | +€448 | +1.8% |
| Formation expenses | 20 | €688 | €688 | = | 0.0% |
| Fixed assets | 21/28 | - | €1,608 | +€1,608 | |
| Tangible fixed assets | 22/27 | - | €1,608 | +€1,608 | |
| Furniture and vehicles | 24 | - | €1,608 | +€1,608 | |
| Current assets | 29/58 | €24,548 | €23,389 | -€1,159 | -4.7% |
| Amounts receivable within one year | 40/41 | €8,100 | €9,195 | +€1,095 | +13.5% |
| Trade receivables | 40 | €8,100 | €9,195 | +€1,095 | +13.5% |
| Cash at bank and in hand | 54/58 | €16,448 | €13,639 | -€2,809 | -17.1% |
| Deferred charges and accrued income | 490/1 | - | €555 | +€555 | |
| Total equity and liabilities | 10/49 | €25,237 | €25,685 | +€448 | +1.8% |
| Equity | 10/15 | -€8,592 | €10,031 | +€18,623 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,043 | -€10,420 | +€18,623 | +64.1% |
| Amounts payable | 17/49 | €33,829 | €15,654 | -€18,175 | -53.7% |
| Amounts payable within one year | 42/48 | €33,557 | €14,964 | -€18,592 | -55.4% |
| Trade debts | 44 | €632 | €2 | -€631 | -99.7% |
| Suppliers | 440/4 | €632 | €2 | -€631 | -99.7% |
| Taxes, remuneration and social security | 45 | €11,852 | €8,940 | -€2,912 | -24.6% |
| Taxes | 450/3 | €9,566 | €6,654 | -€2,912 | -30.4% |
| Remuneration and social security | 454/9 | €2,286 | €2,286 | = | 0.0% |
| Other amounts payable | 47/48 | €21,072 | €6,022 | -€15,050 | -71.4% |
| Accrued charges and deferred income | 492/3 | €272 | €689 | +€417 | +153.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €163 | +€163 | |
| Other operating charges | 640/8 | €294 | €1,043 | +€749 | +254.6% |
| Gross operating margin | 9900 | €17,254 | €20,338 | +€3,084 | +17.9% |
| Operating profit (loss) | 9901 | €16,960 | €19,132 | +€2,172 | +12.8% |
| Financial income | 75/76B | €62 | €49 | -€13 | -20.5% |
| Recurring financial income | 75 | €62 | €49 | -€13 | -20.5% |
| Financial charges | 65/66B | €239 | €371 | +€132 | +55.1% |
| Recurring financial charges | 65 | €239 | €371 | +€132 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €16,782 | €18,810 | +€2,028 | +12.1% |
| Income taxes | 67/77 | €193 | €187 | -€6 | -2.9% |
| Profit (loss) for the period | 9904 | €16,590 | €18,623 | +€2,034 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,590 | €18,623 | +€2,034 | +12.3% |
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 4 October 2026 via checked.be.