FK PROJECT: 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.
FK PROJECT
Largest movements
- Cash +€236,518
up €236,518 (+237%), from €99,926 to €336,444
mainly Accrued charges and deferred income (+€131,000) and Net result for the year (+€125,361)
- Tangible fixed assets -€23,093
down €23,093 (-38.7%), from €59,714 to €36,622
of which Furniture and vehicles: -€21,283
- Receivables within one year +€11,761
up €11,761 (+13.1%), from €89,700 to €101,461
of which Trade receivables: +€16,653
- Accrued charges and deferred income +€131,000
new in 2025: €131,000
- Reserves +€100,000
up €100,000 (+1,120%), from €8,930 to €108,930
of which Distributable reserves: +€100,000
- Trade debts -€59,967
down €59,967 (-47.2%), from €126,981 to €67,015
of which Bills of exchange payable: -€84,573
- Tax, wage and social debts +€41,437
up €41,437 (+157%), from €26,442 to €67,880
of which Taxes: +€66,090
- Profit (loss) carried forward +€25,361
up €25,361 (+99.0%), from €25,620 to €50,981
- Turnover +€199,314
up €199,314 (+31.8%), from €626,039 to €825,353
- Gross operating margin +€187,742
up €187,742 (+492%), from €38,172 to €225,914
- Taxes +€53,284
up €53,284 (+2,901%), from €1,836 to €55,120
- Purchases and services +€11,572
up €11,572 (+2.0%), from €587,867 to €599,439
- Depreciation +€10,574
up €10,574 (+37.0%), from €28,592 to €39,166
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 | €251,481 | €474,527 | +€223,046 | +88.7% |
| Fixed assets | 21/28 | €59,714 | €36,622 | -€23,093 | -38.7% |
| Tangible fixed assets | 22/27 | €59,714 | €36,622 | -€23,093 | -38.7% |
| Plant, machinery and equipment | 23 | €3,202 | €1,393 | -€1,810 | -56.5% |
| Furniture and vehicles | 24 | €56,512 | €35,229 | -€21,283 | -37.7% |
| Current assets | 29/58 | €191,766 | €437,905 | +€246,139 | +128% |
| Amounts receivable within one year | 40/41 | €89,700 | €101,461 | +€11,761 | +13.1% |
| Trade receivables | 40 | €41,838 | €58,491 | +€16,653 | +39.8% |
| Other amounts receivable | 41 | €47,863 | €42,970 | -€4,893 | -10.2% |
| Cash at bank and in hand | 54/58 | €99,926 | €336,444 | +€236,518 | +237% |
| Deferred charges and accrued income | 490/1 | €2,140 | - | -€2,140 | |
| Total equity and liabilities | 10/49 | €251,481 | €474,527 | +€223,046 | +88.7% |
| Equity | 10/15 | €40,750 | €166,111 | +€125,361 | +308% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,930 | €108,930 | +€100,000 | +1,120% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €108,000 | +€100,000 | +1,250% |
| Profit (loss) carried forward | 14 | €25,620 | €50,981 | +€25,361 | +99.0% |
| Amounts payable | 17/49 | €210,731 | €308,415 | +€97,685 | +46.4% |
| Amounts payable after more than one year | 17 | €37,609 | €29,684 | -€7,924 | -21.1% |
| Financial debts | 170/4 | €37,609 | €29,684 | -€7,924 | -21.1% |
| Amounts payable within one year | 42/48 | €173,122 | €147,731 | -€25,391 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €19,699 | €12,837 | -€6,862 | -34.8% |
| Trade debts | 44 | €126,981 | €67,015 | -€59,967 | -47.2% |
| Suppliers | 440/4 | €11,374 | €35,980 | +€24,606 | +216% |
| Bills of exchange payable | 441 | €115,607 | €31,034 | -€84,573 | -73.2% |
| Taxes, remuneration and social security | 45 | €26,442 | €67,880 | +€41,437 | +157% |
| Taxes | 450/3 | €1,790 | €67,880 | +€66,090 | +3,692% |
| Remuneration and social security | 454/9 | €24,653 | - | -€24,653 | |
| Accrued charges and deferred income | 492/3 | - | €131,000 | +€131,000 | |
| Turnover | 70 | €626,039 | €825,353 | +€199,314 | +31.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €587,867 | €599,439 | +€11,572 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,592 | €39,166 | +€10,574 | +37.0% |
| Other operating charges | 640/8 | €2,126 | €3,131 | +€1,005 | +47.3% |
| Gross operating margin | 9900 | €38,172 | €225,914 | +€187,742 | +492% |
| Operating profit (loss) | 9901 | €7,454 | €183,617 | +€176,162 | +2,363% |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €470 | €3,135 | +€2,664 | +566% |
| Recurring financial charges | 65 | €470 | €3,135 | +€2,664 | +566% |
| Profit (loss) for the period before taxes | 9903 | €7,027 | €180,482 | +€173,455 | +2,469% |
| Income taxes | 67/77 | €1,836 | €55,120 | +€53,284 | +2,901% |
| Profit (loss) for the period | 9904 | €5,190 | €125,361 | +€120,171 | +2,315% |
| Profit (loss) for the period to be appropriated | 9905 | €5,190 | €125,361 | +€120,171 | +2,315% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.