FP 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.
FP Projects
Largest movements
- Cash +€373,898
up €373,898 (+300.9%), from €124,258 to €498,156
mainly Net result for the year (+€156,837) and Current investments (+€121,089)
- Current investments -€121,089
down €121,089 (-40.3%), from €300,308 to €179,219
- Tangible fixed assets -€91,900
down €91,900 (-54.5%), from €168,595 to €76,694
of which Plant, machinery and equipment: -€50,035
- Receivables within one year -€31,209
down €31,209 (-77.3%), from €40,370 to €9,161
- Reserves +€156,837
up €156,837 (+28.7%), from €545,727 to €702,564
of which Distributable reserves: +€156,837
- Trade debts -€10,909
down €10,909 (-82.0%), from €13,307 to €2,398
- Debts after one year -€10,372
down €10,372 (-40.8%), from €25,405 to €15,033
- Staff costs -€53,590
down €53,590 (-100.0%), from €53,590 to €0
- Taxes +€36,614
up €36,614 (+111.0%), from €32,985 to €69,600
- Gross operating margin +€30,812
up €30,812 (+15.0%), from €205,479 to €236,291
- Depreciation -€17,584
down €17,584 (-47.9%), from €36,743 to €19,159
- Financial income +€7,455
up €7,455 (+86.3%), from €8,638 to €16,093
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 | €633,531 | €763,230 | +€129,699 | +20.5% |
| Fixed assets | 21/28 | €168,595 | €76,694 | -€91,900 | -54.5% |
| Tangible fixed assets | 22/27 | €168,595 | €76,694 | -€91,900 | -54.5% |
| Land and buildings | 22 | €70,928 | €64,092 | -€6,836 | -9.6% |
| Plant, machinery and equipment | 23 | €53,424 | €3,389 | -€50,035 | -93.7% |
| Furniture and vehicles | 24 | €44,243 | €9,214 | -€35,029 | -79.2% |
| Current assets | 29/58 | €464,936 | €686,536 | +€221,600 | +47.7% |
| Amounts receivable within one year | 40/41 | €40,370 | €9,161 | -€31,209 | -77.3% |
| Trade receivables | 40 | €40,370 | €9,161 | -€31,209 | -77.3% |
| Current investments | 50/53 | €300,308 | €179,219 | -€121,089 | -40.3% |
| Cash at bank and in hand | 54/58 | €124,258 | €498,156 | +€373,898 | +300.9% |
| Total equity and liabilities | 10/49 | €633,531 | €763,230 | +€129,699 | +20.5% |
| Equity | 10/15 | €564,327 | €721,164 | +€156,837 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €545,727 | €702,564 | +€156,837 | +28.7% |
| Tax-exempt reserves | 132 | €42 | €42 | = | 0.0% |
| Distributable reserves | 133 | €545,685 | €702,522 | +€156,837 | +28.7% |
| Amounts payable | 17/49 | €69,204 | €42,066 | -€27,138 | -39.2% |
| Amounts payable after more than one year | 17 | €25,405 | €15,033 | -€10,372 | -40.8% |
| Financial debts | 170/4 | €25,405 | €15,033 | -€10,372 | -40.8% |
| Amounts payable within one year | 42/48 | €43,533 | €26,467 | -€17,066 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €10,179 | €10,372 | +€194 | +1.9% |
| Trade debts | 44 | €13,307 | €2,398 | -€10,909 | -82.0% |
| Suppliers | 440/4 | €13,307 | €2,398 | -€10,909 | -82.0% |
| Taxes, remuneration and social security | 45 | €15,402 | €10,718 | -€4,685 | -30.4% |
| Taxes | 450/3 | €12,053 | €7,368 | -€4,685 | -38.9% |
| Remuneration and social security | 454/9 | €3,349 | €3,349 | = | 0.0% |
| Other amounts payable | 47/48 | €4,645 | €2,979 | -€1,666 | -35.9% |
| Accrued charges and deferred income | 492/3 | €266 | €566 | +€300 | +113.1% |
| Remuneration, social security and pensions | 62 | €53,590 | €0 | -€53,590 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,743 | €19,159 | -€17,584 | -47.9% |
| Other operating charges | 640/8 | €1,585 | €2,007 | +€422 | +26.6% |
| Non-recurring operating charges | 66A | €4,943 | €0 | -€4,943 | -100.0% |
| Gross operating margin | 9900 | €205,479 | €236,291 | +€30,812 | +15.0% |
| Operating profit (loss) | 9901 | €108,619 | €215,126 | +€106,507 | +98.1% |
| Financial income | 75/76B | €8,638 | €16,093 | +€7,455 | +86.3% |
| Recurring financial income | 75 | €8,638 | €16,093 | +€7,455 | +86.3% |
| Financial charges | 65/66B | €4,285 | €4,781 | +€496 | +11.6% |
| Recurring financial charges | 65 | €4,285 | €4,781 | +€496 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €112,972 | €226,437 | +€113,466 | +100.4% |
| Income taxes | 67/77 | €32,985 | €69,600 | +€36,614 | +111.0% |
| Profit (loss) for the period | 9904 | €79,986 | €156,837 | +€76,851 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,986 | €156,837 | +€76,851 | +96.1% |
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 7 October 2026 via checked.be.