FB4 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.
FB4 PROJECTS
Largest movements
- Tangible fixed assets -€2,263
no longer reported in 2025 (was €2,263)
- Receivables within one year +€245
up €245 (+167.7%), from €146 to €392
- Deferred charges and accrued income +€117
new in 2025: €117
- Cash -€104
down €104 (-38.0%), from €275 to €170
mainly Net result for the year (-€4,611) and Receivables within one year (-€245)
- Profit (loss) carried forward -€4,611
down €4,611 (-19.4%), from -€23,751 to -€28,362
- Other debts +€2,589
up €2,589 (+10.4%), from €24,981 to €27,570
- Depreciation -€4,236
down €4,236 (-65.2%), from €6,499 to €2,263
- Gross operating margin +€93
up €93 (+4.8%), from -€1,936 to -€1,843
- Other operating charges -€57
down €57 (-12.5%), from €457 to €400
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 | €2,684 | €678 | -€2,006 | -74.7% |
| Fixed assets | 21/28 | €2,263 | - | -€2,263 | |
| Tangible fixed assets | 22/27 | €2,263 | - | -€2,263 | |
| Furniture and vehicles | 24 | €2,263 | - | -€2,263 | |
| Current assets | 29/58 | €421 | €678 | +€258 | +61.2% |
| Amounts receivable within one year | 40/41 | €146 | €392 | +€245 | +167.7% |
| Other amounts receivable | 41 | €146 | €392 | +€245 | +167.7% |
| Cash at bank and in hand | 54/58 | €275 | €170 | -€104 | -38.0% |
| Deferred charges and accrued income | 490/1 | - | €117 | +€117 | |
| Total equity and liabilities | 10/49 | €2,684 | €678 | -€2,006 | -74.7% |
| Equity | 10/15 | -€22,751 | -€27,362 | -€4,611 | -20.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,751 | -€28,362 | -€4,611 | -19.4% |
| Amounts payable | 17/49 | €25,435 | €28,041 | +€2,605 | +10.2% |
| Amounts payable within one year | 42/48 | €25,435 | €28,041 | +€2,605 | +10.2% |
| Trade debts | 44 | €455 | €471 | +€17 | +3.6% |
| Suppliers | 440/4 | €455 | €471 | +€17 | +3.6% |
| Other amounts payable | 47/48 | €24,981 | €27,570 | +€2,589 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,499 | €2,263 | -€4,236 | -65.2% |
| Other operating charges | 640/8 | €457 | €400 | -€57 | -12.5% |
| Gross operating margin | 9900 | -€1,936 | -€1,843 | +€93 | +4.8% |
| Operating profit (loss) | 9901 | -€8,892 | -€4,507 | +€4,385 | +49.3% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,996 | -€4,611 | +€4,385 | +48.7% |
| Profit (loss) for the period | 9904 | -€8,996 | -€4,611 | +€4,385 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,996 | -€4,611 | +€4,385 | +48.7% |
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 28 September 2026 via checked.be.