FK 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.
What changed
FK PROJECTS
NACE 81.300, Landscape service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€55,939
2024 · €41,027+€14,912
Equity
€123,253
2024 · €67,314+€55,939
Cash
€146
2024 · -+€146
Balance sheet total
€1.1m
2024 · €972,008+€101,094
Largest movements
Assets
- Tangible fixed assets +€103,477
up €103,477 (+11.0%), from €936,575 to €1.0m
of which Plant, machinery and equipment: +€91,765
Equity and liabilities
- Reserves +€55,900
new in 2025: €55,900
- Debts after one year +€46,074
up €46,074 (+6.1%), from €753,808 to €799,883
of which Financial debts: +€46,074
- Short-term financial debts -€25,615
down €25,615 (-67.6%), from €37,875 to €12,260
- Tax, wage and social debts +€23,615
up €23,615 (+137.8%), from €17,133 to €40,748
of which Taxes: +€14,115
Income statement
- Gross operating margin +€19,040
up €19,040 (+6.5%), from €291,092 to €310,132
- Staff costs -€13,876
down €13,876 (-9.0%), from €153,757 to €139,881
- Taxes +€13,029
new in 2025: €13,029
- Write-downs +€6,347
up €6,347, from -€6,347 to €0
- Other operating charges -€5,366
down €5,366 (-51.5%), from €10,424 to €5,058
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.
Result 2024
€41,027
Gross operating margin
+€19,040
Staff costs
+€13,876
Depreciation
-€2,685
Write-downs
-€6,347
Other operating charges
+€5,366
Financial income
+€142
Financial charges
-€1,451
Taxes
-€13,029
Result 2025
€55,939
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.
From operations
+€144,170
Investment
-€170,539
Financing
+€26,516
Cash 2024
€0
From operations (derived)
+€144,170
Net result for the year
+€55,939
Depreciation
+€68,199
Receivables within one year
+€1,421
Deferred charges and accrued income
-€28
Trade debts
-€999
Tax, wage and social debts
+€23,615
Other debts
+€2,853
Accrued charges and deferred income
-€6,830
Investment (derived)
-€170,539
Investment in fixed assets (net)
-€170,539
Financing
+€26,516
Debts after one year
+€46,074
Current portion of long-term debt
+€6,056
Short-term financial debts
-€25,615
Cash 2025
€146
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €972,008 | €1,073,103 | +€101,094 | +10.4% |
| Fixed assets | 21/28 | €940,531 | €1,042,872 | +€102,341 | +10.9% |
| Intangible fixed assets | 21 | €456 | €319 | -€137 | -30.0% |
| Tangible fixed assets | 22/27 | €936,575 | €1,040,053 | +€103,477 | +11.0% |
| Land and buildings | 22 | €831,316 | €872,957 | +€41,641 | +5.0% |
| Plant, machinery and equipment | 23 | €21,382 | €113,147 | +€91,765 | +429.2% |
| Furniture and vehicles | 24 | €2,147 | €6,665 | +€4,518 | +210.5% |
| Leasing and similar rights | 25 | €81,730 | €47,284 | -€34,446 | -42.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €3,500 | €2,500 | -€1,000 | -28.6% |
| Current assets | 29/58 | €31,477 | €30,231 | -€1,246 | -4.0% |
| Amounts receivable within one year | 40/41 | €15,682 | €14,262 | -€1,421 | -9.1% |
| Trade receivables | 40 | €15,655 | €14,262 | -€1,393 | -8.9% |
| Other amounts receivable | 41 | €27 | €0 | -€27 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €146 | +€146 | |
| Deferred charges and accrued income | 490/1 | €15,795 | €15,823 | +€28 | +0.2% |
| Total equity and liabilities | 10/49 | €972,008 | €1,073,103 | +€101,094 | +10.4% |
| Equity | 10/15 | €67,314 | €123,253 | +€55,939 | +83.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €55,900 | +€55,900 | |
| Distributable reserves | 133 | - | €55,900 | +€55,900 | |
| Profit (loss) carried forward | 14 | €48,714 | €48,753 | +€39 | +0.1% |
| Amounts payable | 17/49 | €904,694 | €949,849 | +€45,155 | +5.0% |
| Amounts payable after more than one year | 17 | €753,808 | €799,883 | +€46,074 | +6.1% |
| Financial debts | 170/4 | €625,714 | €671,788 | +€46,074 | +7.4% |
| Other amounts payable | 178/9 | €128,095 | €128,095 | = | 0.0% |
| Amounts payable within one year | 42/48 | €144,056 | €149,967 | +€5,910 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €59,899 | €65,955 | +€6,056 | +10.1% |
| Financial debts | 43 | €37,875 | €12,260 | -€25,615 | -67.6% |
| Other loans | 439 | €37,875 | €12,260 | -€25,615 | -67.6% |
| Trade debts | 44 | €29,148 | €28,150 | -€999 | -3.4% |
| Suppliers | 440/4 | €29,148 | €28,150 | -€999 | -3.4% |
| Taxes, remuneration and social security | 45 | €17,133 | €40,748 | +€23,615 | +137.8% |
| Taxes | 450/3 | €3,624 | €17,739 | +€14,115 | +389.5% |
| Remuneration and social security | 454/9 | €13,509 | €23,008 | +€9,499 | +70.3% |
| Other amounts payable | 47/48 | - | €2,853 | +€2,853 | |
| Accrued charges and deferred income | 492/3 | €6,830 | €0 | -€6,830 | -100.0% |
| Non-recurring operating income | 76A | €0 | €24,784 | +€24,784 | |
| Remuneration, social security and pensions | 62 | €153,757 | €139,881 | -€13,876 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,514 | €68,199 | +€2,685 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,347 | €0 | +€6,347 | |
| Other operating charges | 640/8 | €10,424 | €5,058 | -€5,366 | -51.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €291,092 | €310,132 | +€19,040 | +6.5% |
| Operating profit (loss) | 9901 | €67,745 | €96,995 | +€29,250 | +43.2% |
| Financial income | 75/76B | €0 | €142 | +€142 | |
| Recurring financial income | 75 | €0 | €142 | +€142 | |
| Financial charges | 65/66B | €26,718 | €28,169 | +€1,451 | +5.4% |
| Recurring financial charges | 65 | €26,718 | €28,169 | +€1,451 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €41,027 | €68,969 | +€27,942 | +68.1% |
| Income taxes | 67/77 | - | €13,029 | +€13,029 | |
| Profit (loss) for the period | 9904 | €41,027 | €55,939 | +€14,912 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,027 | €55,939 | +€14,912 | +36.3% |
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 10 October 2026 via checked.be.