FDC 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.
FDC Projects
Largest movements
- Cash +€12,161
up €12,161, from €0 to €12,161
mainly Trade debts (+€8,711) and Tax, wage and social debts (+€8,085)
- Deferred charges and accrued income +€901
new in 2025: €901
- Tangible fixed assets -€829
down €829 (-35.6%), from €2,332 to €1,502
of which Plant, machinery and equipment: -€829
- Receivables within one year -€346
down €346 (-3.0%), from €11,478 to €11,131
of which Trade receivables: -€1,349
- Trade debts +€8,711
up €8,711 (+209%), from €4,165 to €12,877
- Tax, wage and social debts +€8,085
new in 2025: €8,085
- Short-term financial debts -€5,020
no longer reported in 2025 (was €5,020)
- Financial charges -€1,919
down €1,919 (-58.0%), from €3,307 to €1,389
- Gross operating margin -€845
down €845 (-21.6%), from €3,922 to €3,077
- Depreciation -€469
down €469 (-36.1%), from €1,298 to €829
- Other operating charges -€320
down €320 (-30.5%), from €1,049 to €730
- Financial income -€191
down €191 (-77.5%), from €246 to €55
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 | €13,809 | €25,696 | +€11,886 | +86.1% |
| Fixed assets | 21/28 | €2,332 | €1,502 | -€829 | -35.6% |
| Tangible fixed assets | 22/27 | €2,332 | €1,502 | -€829 | -35.6% |
| Plant, machinery and equipment | 23 | €2,332 | €1,502 | -€829 | -35.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €11,478 | €24,193 | +€12,716 | +111% |
| Amounts receivable within one year | 40/41 | €11,478 | €11,131 | -€346 | -3.0% |
| Trade receivables | 40 | €6,371 | €5,022 | -€1,349 | -21.2% |
| Other amounts receivable | 41 | €5,107 | €6,110 | +€1,003 | +19.6% |
| Cash at bank and in hand | 54/58 | €0 | €12,161 | +€12,161 | |
| Deferred charges and accrued income | 490/1 | - | €901 | +€901 | |
| Total equity and liabilities | 10/49 | €13,809 | €25,696 | +€11,886 | +86.1% |
| Equity | 10/15 | €4,624 | €4,734 | +€110 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,077 | €40,077 | = | 0.0% |
| Distributable reserves | 133 | €40,077 | €40,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,652 | -€41,542 | +€110 | +0.3% |
| Amounts payable | 17/49 | €9,185 | €20,961 | +€11,776 | +128% |
| Amounts payable within one year | 42/48 | €9,185 | €20,961 | +€11,776 | +128% |
| Financial debts | 43 | €5,020 | - | -€5,020 | |
| Credit institutions | 430/8 | €5,020 | - | -€5,020 | |
| Trade debts | 44 | €4,165 | €12,877 | +€8,711 | +209% |
| Suppliers | 440/4 | €4,165 | €12,877 | +€8,711 | +209% |
| Taxes, remuneration and social security | 45 | - | €8,085 | +€8,085 | |
| Remuneration and social security | 454/9 | - | €8,085 | +€8,085 | |
| Non-recurring operating income | 76A | €152 | - | -€152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,298 | €829 | -€469 | -36.1% |
| Other operating charges | 640/8 | €1,049 | €730 | -€320 | -30.5% |
| Non-recurring operating charges | 66A | €20,281 | - | -€20,281 | |
| Gross operating margin | 9900 | €3,922 | €3,077 | -€845 | -21.6% |
| Operating profit (loss) | 9901 | -€18,707 | €1,518 | +€20,225 | |
| Financial income | 75/76B | €246 | €55 | -€191 | -77.5% |
| Recurring financial income | 75 | €246 | €55 | -€191 | -77.5% |
| Financial charges | 65/66B | €3,307 | €1,389 | -€1,919 | -58.0% |
| Recurring financial charges | 65 | €3,307 | €1,389 | -€1,919 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,768 | €184 | +€21,953 | |
| Income taxes | 67/77 | €74 | €74 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€21,842 | €110 | +€21,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,842 | €110 | +€21,953 |
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 23 October 2026 via checked.be.