FDS Project Management: 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.
FDS Project Management
Largest movements
- Current investments -€42,248
down €42,248 (-11.7%), from €362,631 to €320,383
- Cash +€36,657
up €36,657 (+43.6%), from €84,047 to €120,704
mainly Net result for the year (+€98,153) and Current investments (+€42,248)
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€19,071
up €19,071 (+158.8%), from €12,011 to €31,082
- Gross operating margin +€6,492
up €6,492 (+6.5%), from €99,569 to €106,061
- Taxes +€4,677
up €4,677 (+16.5%), from €28,357 to €33,034
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 | €500,778 | €498,050 | -€2,728 | -0.5% |
| Fixed assets | 21/28 | €10,414 | €9,866 | -€548 | -5.3% |
| Tangible fixed assets | 22/27 | €10,414 | €9,866 | -€548 | -5.3% |
| Furniture and vehicles | 24 | €10,414 | €9,866 | -€548 | -5.3% |
| Current assets | 29/58 | €490,364 | €488,184 | -€2,180 | -0.4% |
| Amounts receivable within one year | 40/41 | €20,955 | €20,449 | -€506 | -2.4% |
| Trade receivables | 40 | €20,882 | €20,364 | -€517 | -2.5% |
| Other amounts receivable | 41 | €74 | €84 | +€11 | +14.7% |
| Current investments | 50/53 | €362,631 | €320,383 | -€42,248 | -11.7% |
| Cash at bank and in hand | 54/58 | €84,047 | €120,704 | +€36,657 | +43.6% |
| Deferred charges and accrued income | 490/1 | €22,731 | €26,649 | +€3,918 | +17.2% |
| Total equity and liabilities | 10/49 | €500,778 | €498,050 | -€2,728 | -0.5% |
| Equity | 10/15 | €480,568 | €475,565 | -€5,004 | -1.0% |
| Contributions | 10/11 | €17,876 | €14,260 | -€3,616 | -20.2% |
| Reserves | 13 | €462,630 | €461,243 | -€1,387 | -0.3% |
| Distributable reserves | 133 | €462,630 | €461,243 | -€1,387 | -0.3% |
| Profit (loss) carried forward | 14 | €62 | €62 | = | 0.0% |
| Amounts payable | 17/49 | €20,210 | €22,485 | +€2,276 | +11.3% |
| Amounts payable within one year | 42/48 | €20,017 | €22,292 | +€2,275 | +11.4% |
| Trade debts | 44 | €1,918 | €1,469 | -€449 | -23.4% |
| Suppliers | 440/4 | €1,918 | €1,469 | -€449 | -23.4% |
| Taxes, remuneration and social security | 45 | €18,100 | €20,823 | +€2,724 | +15.0% |
| Taxes | 450/3 | €18,100 | €20,823 | +€2,724 | +15.0% |
| Accrued charges and deferred income | 492/3 | €192 | €193 | +€1 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,988 | €3,351 | +€363 | +12.2% |
| Other operating charges | 640/8 | €2,276 | €2,266 | -€10 | -0.4% |
| Gross operating margin | 9900 | €99,569 | €106,061 | +€6,492 | +6.5% |
| Operating profit (loss) | 9901 | €94,305 | €100,444 | +€6,139 | +6.5% |
| Financial income | 75/76B | €12,011 | €31,082 | +€19,071 | +158.8% |
| Recurring financial income | 75 | €12,011 | €31,082 | +€19,071 | +158.8% |
| Financial charges | 65/66B | €306 | €339 | +€33 | +10.8% |
| Recurring financial charges | 65 | €306 | €339 | +€33 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €106,009 | €131,187 | +€25,177 | +23.8% |
| Income taxes | 67/77 | €28,357 | €33,034 | +€4,677 | +16.5% |
| Profit (loss) for the period | 9904 | €77,652 | €98,153 | +€20,501 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,652 | €98,153 | +€20,501 | +26.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.