FIJAK 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.
FIJAK PROJECTS
Largest movements
- Receivables within one year -€398,818
down €398,818 (-16.6%), from €2.4m to €2.0m
- Stocks and contracts -€201,742
down €201,742 (-59.4%), from €339,585 to €137,842
- Short-term financial debts -€832,718
no longer reported in 2025 (was €832,718)
- Other debts +€210,791
up €210,791 (+23.1%), from €910,689 to €1.1m
- Gross operating margin -€32,941
down €32,941 (-12.0%), from €275,525 to €242,584
- Other operating charges -€28,466
down €28,466 (-11.8%), from €240,301 to €211,835
- Financial charges -€3,823
down €3,823 (-24.8%), from €15,418 to €11,595
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 | €2,739,211 | €2,139,580 | -€599,631 | -21.9% |
| Current assets | 29/58 | €2,739,211 | €2,139,580 | -€599,631 | -21.9% |
| Stocks and contracts in progress | 3 | €339,585 | €137,842 | -€201,742 | -59.4% |
| Stocks | 30/36 | €339,585 | €137,842 | -€201,742 | -59.4% |
| Amounts receivable within one year | 40/41 | €2,399,346 | €2,000,528 | -€398,818 | -16.6% |
| Other amounts receivable | 41 | €2,399,346 | €2,000,528 | -€398,818 | -16.6% |
| Cash at bank and in hand | 54/58 | €280 | €1,209 | +€929 | +332.1% |
| Total equity and liabilities | 10/49 | €2,739,211 | €2,139,580 | -€599,631 | -21.9% |
| Equity | 10/15 | €442,662 | €454,868 | +€12,207 | +2.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €362,662 | €374,868 | +€12,207 | +3.4% |
| Distributable reserves | 133 | €362,662 | €374,868 | +€12,207 | +3.4% |
| Amounts payable | 17/49 | €2,296,549 | €1,684,711 | -€611,838 | -26.6% |
| Amounts payable after more than one year | 17 | €504,000 | €504,000 | = | 0.0% |
| Financial debts | 170/4 | €504,000 | €504,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,745,783 | €1,122,930 | -€622,853 | -35.7% |
| Financial debts | 43 | €832,718 | - | -€832,718 | |
| Credit institutions | 430/8 | €832,718 | - | -€832,718 | |
| Trade debts | 44 | €971 | - | -€971 | |
| Suppliers | 440/4 | €971 | - | -€971 | |
| Taxes, remuneration and social security | 45 | €1,406 | €1,451 | +€45 | +3.2% |
| Taxes | 450/3 | €1,406 | €1,451 | +€45 | +3.2% |
| Other amounts payable | 47/48 | €910,689 | €1,121,479 | +€210,791 | +23.1% |
| Accrued charges and deferred income | 492/3 | €46,766 | €57,781 | +€11,015 | +23.6% |
| Other operating charges | 640/8 | €240,301 | €211,835 | -€28,466 | -11.8% |
| Gross operating margin | 9900 | €275,525 | €242,584 | -€32,941 | -12.0% |
| Operating profit (loss) | 9901 | €35,224 | €30,749 | -€4,475 | -12.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €15,418 | €11,595 | -€3,823 | -24.8% |
| Recurring financial charges | 65 | €15,418 | €11,595 | -€3,823 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €19,806 | €19,158 | -€648 | -3.3% |
| Income taxes | 67/77 | €7,406 | €6,951 | -€455 | -6.1% |
| Profit (loss) for the period | 9904 | €12,400 | €12,207 | -€193 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,400 | €12,207 | -€193 | -1.6% |
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 1 October 2026 via checked.be.