FL PROJECTS DEVELOPPEMENT: 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 DEVELOPPEMENT
Largest movements
- Receivables within one year +€668,969
new in 2025: €668,969
- Tangible fixed assets -€181,159
down €181,159 (-36.2%), from €500,000 to €318,841
- Profit (loss) carried forward +€209,746
up €209,746, from -€66,353 to €143,393
- Reserves +€189,450
new in 2025: €189,450
- Short-term financial debts +€130,000
new in 2025: €130,000
- Other debts -€86,790
no longer reported in 2025 (was €86,790)
- Trade debts +€48,280
new in 2025: €48,280
- Gross operating margin +€508,878
up €508,878, from -€5,331 to €503,547
- Taxes +€107,798
new in 2025: €107,798
- Financial income +€7,221
new in 2025: €7,221
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 | €521,897 | €1,011,124 | +€489,227 | +93.7% |
| Fixed assets | 21/28 | €505,000 | €323,841 | -€181,159 | -35.9% |
| Tangible fixed assets | 22/27 | €500,000 | €318,841 | -€181,159 | -36.2% |
| Land and buildings | 22 | €500,000 | €318,841 | -€181,159 | -36.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €16,897 | €687,283 | +€670,386 | +3,967% |
| Stocks and contracts in progress | 3 | €16,810 | €10,419 | -€6,392 | -38.0% |
| Stocks | 30/36 | €16,810 | €10,419 | -€6,392 | -38.0% |
| Amounts receivable within one year | 40/41 | - | €668,969 | +€668,969 | |
| Other amounts receivable | 41 | - | €668,969 | +€668,969 | |
| Cash at bank and in hand | 54/58 | €87 | €674 | +€587 | +676% |
| Deferred charges and accrued income | 490/1 | - | €7,221 | +€7,221 | |
| Total equity and liabilities | 10/49 | €521,897 | €1,011,124 | +€489,227 | +93.7% |
| Equity | 10/15 | €433,647 | €832,843 | +€399,196 | +92.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | - | €189,450 | +€189,450 | |
| Tax-exempt reserves | 132 | - | €189,450 | +€189,450 | |
| Profit (loss) carried forward | 14 | -€66,353 | €143,393 | +€209,746 | |
| Amounts payable | 17/49 | €88,250 | €178,280 | +€90,031 | +102% |
| Amounts payable within one year | 42/48 | €86,790 | €178,280 | +€91,490 | +105% |
| Financial debts | 43 | - | €130,000 | +€130,000 | |
| Credit institutions | 430/8 | - | €130,000 | +€130,000 | |
| Trade debts | 44 | - | €48,280 | +€48,280 | |
| Suppliers | 440/4 | - | €48,280 | +€48,280 | |
| Other amounts payable | 47/48 | €86,790 | - | -€86,790 | |
| Accrued charges and deferred income | 492/3 | €1,459 | - | -€1,459 | |
| Other operating charges | 640/8 | €523 | €3,680 | +€3,157 | +604% |
| Gross operating margin | 9900 | -€5,331 | €503,547 | +€508,878 | |
| Operating profit (loss) | 9901 | -€5,854 | €499,867 | +€505,721 | |
| Financial income | 75/76B | - | €7,221 | +€7,221 | |
| Recurring financial income | 75 | - | €7,221 | +€7,221 | |
| Financial charges | 65/66B | €1,581 | €94 | -€1,487 | -94.1% |
| Recurring financial charges | 65 | €1,581 | €94 | -€1,487 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,435 | €506,994 | +€514,429 | |
| Income taxes | 67/77 | - | €107,798 | +€107,798 | |
| Profit (loss) for the period | 9904 | -€7,435 | €399,196 | +€406,631 | |
| Transfer to tax-exempt reserves | 689 | - | €189,450 | +€189,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,435 | €209,746 | +€217,181 |
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 19 October 2026 via checked.be.