FL 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.
FL Projects
Largest movements
- Tangible fixed assets -€9,831
down €9,831 (-30.7%), from €31,980 to €22,149
of which Furniture and vehicles: -€12,862
- Cash -€5,056
down €5,056 (-62.8%), from €8,052 to €2,996
mainly Advances received (-€37,745) and Contributions, distributions and other (-€21,600)
- Deferred charges and accrued income -€3,915
down €3,915 (-70.3%), from €5,572 to €1,657
- Receivables within one year -€2,850
down €2,850 (-4.8%), from €58,958 to €56,108
of which Trade receivables: -€11,547
- Advances received -€37,745
down €37,745 (-100.0%), from €37,745 to €0
- Reserves -€21,600
down €21,600 (-50.8%), from €42,538 to €20,938
of which Distributable reserves: -€21,600
- Profit (loss) carried forward +€20,924
up €20,924 (+88.8%), from -€23,565 to -€2,641
- Tax, wage and social debts +€11,872
up €11,872 (+122.1%), from €9,725 to €21,597
of which Taxes: +€13,305
- Other debts +€11,558
up €11,558 (+97.9%), from €11,805 to €23,363
- Gross operating margin +€21,160
up €21,160 (+58.6%), from €36,107 to €57,267
- Taxes +€10,434
up €10,434 (+874.4%), from €1,193 to €11,627
- Other operating charges +€740
up €740 (+9.1%), from €8,160 to €8,899
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 | €104,562 | €82,910 | -€21,652 | -20.7% |
| Fixed assets | 21/28 | €31,980 | €22,149 | -€9,831 | -30.7% |
| Tangible fixed assets | 22/27 | €31,980 | €22,149 | -€9,831 | -30.7% |
| Furniture and vehicles | 24 | €29,892 | €17,029 | -€12,862 | -43.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,088 | €5,120 | +€3,031 | +145.2% |
| Current assets | 29/58 | €72,582 | €60,761 | -€11,822 | -16.3% |
| Amounts receivable within one year | 40/41 | €58,958 | €56,108 | -€2,850 | -4.8% |
| Trade receivables | 40 | €58,958 | €47,411 | -€11,547 | -19.6% |
| Other amounts receivable | 41 | €0 | €8,697 | +€8,697 | |
| Cash at bank and in hand | 54/58 | €8,052 | €2,996 | -€5,056 | -62.8% |
| Deferred charges and accrued income | 490/1 | €5,572 | €1,657 | -€3,915 | -70.3% |
| Total equity and liabilities | 10/49 | €104,562 | €82,910 | -€21,652 | -20.7% |
| Equity | 10/15 | €31,373 | €30,697 | -€676 | -2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €42,538 | €20,938 | -€21,600 | -50.8% |
| 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 | €40,678 | €19,078 | -€21,600 | -53.1% |
| Profit (loss) carried forward | 14 | -€23,565 | -€2,641 | +€20,924 | +88.8% |
| Amounts payable | 17/49 | €73,189 | €52,213 | -€20,976 | -28.7% |
| Amounts payable within one year | 42/48 | €73,189 | €52,213 | -€20,976 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €87 | €0 | -€87 | -100.0% |
| Credit institutions | 430/8 | €87 | €0 | -€87 | -100.0% |
| Trade debts | 44 | €13,828 | €7,253 | -€6,575 | -47.5% |
| Suppliers | 440/4 | €13,828 | €7,253 | -€6,575 | -47.5% |
| Advances received on contracts in progress | 46 | €37,745 | €0 | -€37,745 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,725 | €21,597 | +€11,872 | +122.1% |
| Taxes | 450/3 | €8,291 | €21,597 | +€13,305 | +160.5% |
| Remuneration and social security | 454/9 | €1,433 | €0 | -€1,433 | -100.0% |
| Other amounts payable | 47/48 | €11,805 | €23,363 | +€11,558 | +97.9% |
| Non-recurring operating income | 76A | €17,904 | €0 | -€17,904 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,029 | €13,261 | +€232 | +1.8% |
| Other operating charges | 640/8 | €8,160 | €8,899 | +€740 | +9.1% |
| Gross operating margin | 9900 | €36,107 | €57,267 | +€21,160 | +58.6% |
| Operating profit (loss) | 9901 | €14,919 | €35,107 | +€20,188 | +135.3% |
| Financial income | 75/76B | €34 | €2 | -€32 | -94.9% |
| Recurring financial income | 75 | €34 | €2 | -€32 | -94.9% |
| Financial charges | 65/66B | €2,505 | €2,558 | +€53 | +2.1% |
| Recurring financial charges | 65 | €2,505 | €2,558 | +€53 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €12,448 | €32,551 | +€20,103 | +161.5% |
| Income taxes | 67/77 | €1,193 | €11,627 | +€10,434 | +874.4% |
| Profit (loss) for the period | 9904 | €11,254 | €20,924 | +€9,670 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,254 | €20,924 | +€9,670 | +85.9% |
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 12 October 2026 via checked.be.