FDMP 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.
FDMP Projects
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables after one year +€145,000
new in 2025: €145,000
- Cash +€100,604
up €100,604 (+244.7%), from €41,117 to €141,721
mainly Current investments (+€250,000) and Net result for the year (+€27,886)
- Receivables within one year +€7,322
up €7,322 (+15.4%), from €47,505 to €54,827
of which Other amounts receivable: +€7,722
- Tangible fixed assets -€5,993
down €5,993 (-64.2%), from €9,332 to €3,339
of which Furniture and vehicles: -€5,300
- Reserves +€27,500
up €27,500 (+10.2%), from €268,880 to €296,380
of which Distributable reserves: +€27,500
- Tax, wage and social debts -€24,112
down €24,112 (-81.7%), from €29,498 to €5,386
- Current portion of long-term debt -€5,492
no longer reported in 2025 (was €5,492)
- Gross operating margin -€5,493
down €5,493 (-10.3%), from €53,545 to €48,052
- Taxes -€1,440
down €1,440 (-9.5%), from €15,235 to €13,795
- Staff costs -€880
down €880 (-30.9%), from €2,848 to €1,968
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 | €348,082 | €344,887 | -€3,195 | -0.9% |
| Fixed assets | 21/28 | €9,332 | €3,339 | -€5,993 | -64.2% |
| Tangible fixed assets | 22/27 | €9,332 | €3,339 | -€5,993 | -64.2% |
| Plant, machinery and equipment | 23 | €693 | - | -€693 | |
| Furniture and vehicles | 24 | €8,639 | €3,339 | -€5,300 | -61.3% |
| Current assets | 29/58 | €338,750 | €341,548 | +€2,798 | +0.8% |
| Amounts receivable after more than one year | 29 | - | €145,000 | +€145,000 | |
| Other amounts receivable | 291 | - | €145,000 | +€145,000 | |
| Amounts receivable within one year | 40/41 | €47,505 | €54,827 | +€7,322 | +15.4% |
| Trade receivables | 40 | €580 | €180 | -€400 | -69.0% |
| Other amounts receivable | 41 | €46,925 | €54,647 | +€7,722 | +16.5% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €41,117 | €141,721 | +€100,604 | +244.7% |
| Deferred charges and accrued income | 490/1 | €128 | - | -€128 | |
| Total equity and liabilities | 10/49 | €348,082 | €344,887 | -€3,195 | -0.9% |
| Equity | 10/15 | €310,275 | €338,161 | +€27,886 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,880 | €296,380 | +€27,500 | +10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €267,020 | €294,520 | +€27,500 | +10.3% |
| Profit (loss) carried forward | 14 | €22,795 | €23,181 | +€386 | +1.7% |
| Amounts payable | 17/49 | €37,807 | €6,726 | -€31,081 | -82.2% |
| Amounts payable within one year | 42/48 | €36,003 | €5,766 | -€30,237 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €5,492 | - | -€5,492 | |
| Trade debts | 44 | €1,013 | €380 | -€633 | -62.5% |
| Suppliers | 440/4 | €1,013 | €380 | -€633 | -62.5% |
| Taxes, remuneration and social security | 45 | €29,498 | €5,386 | -€24,112 | -81.7% |
| Taxes | 450/3 | €29,498 | €5,386 | -€24,112 | -81.7% |
| Accrued charges and deferred income | 492/3 | €1,804 | €960 | -€844 | -46.8% |
| Remuneration, social security and pensions | 62 | €2,848 | €1,968 | -€880 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,494 | €5,993 | -€501 | -7.7% |
| Other operating charges | 640/8 | €1,174 | €1,230 | +€56 | +4.8% |
| Gross operating margin | 9900 | €53,545 | €48,052 | -€5,493 | -10.3% |
| Operating profit (loss) | 9901 | €43,029 | €38,861 | -€4,168 | -9.7% |
| Financial income | 75/76B | €3,243 | €3,070 | -€173 | -5.3% |
| Recurring financial income | 75 | €3,243 | €3,070 | -€173 | -5.3% |
| Financial charges | 65/66B | €672 | €250 | -€422 | -62.8% |
| Recurring financial charges | 65 | €672 | €250 | -€422 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €45,600 | €41,681 | -€3,919 | -8.6% |
| Income taxes | 67/77 | €15,235 | €13,795 | -€1,440 | -9.5% |
| Profit (loss) for the period | 9904 | €30,365 | €27,886 | -€2,479 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,365 | €27,886 | -€2,479 | -8.2% |
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 7 October 2026 via checked.be.