FP 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.
FP PROJECTS
Largest movements
- Tangible fixed assets -€86,006
down €86,006 (-30.7%), from €280,130 to €194,125
of which Plant, machinery and equipment: -€58,009
- Cash +€8,411
up €8,411 (+44.1%), from €19,072 to €27,482
mainly Depreciation (+€62,728) and Investment in fixed assets (net) (+€23,277)
- Current investments +€5,855
new in 2024: €5,855
- Debts after one year -€48,041
down €48,041 (-32.3%), from €148,650 to €100,608
- Current portion of long-term debt -€14,038
down €14,038 (-22.6%), from €62,079 to €48,041
- Trade debts -€13,790
down €13,790 (-75.3%), from €18,326 to €4,536
- Reserves +€7,483
up €7,483 (+8.7%), from €85,655 to €93,138
- Depreciation -€14,864
down €14,864 (-19.2%), from €77,593 to €62,728
- Gross operating margin +€4,157
up €4,157 (+4.3%), from €97,732 to €101,889
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,176 | €296,422 | -€69,754 | -19.0% |
| Fixed assets | 21/28 | €280,130 | €194,125 | -€86,006 | -30.7% |
| Tangible fixed assets | 22/27 | €280,130 | €194,125 | -€86,006 | -30.7% |
| Land and buildings | 22 | €151,107 | €150,480 | -€627 | -0.4% |
| Plant, machinery and equipment | 23 | €96,756 | €38,747 | -€58,009 | -60.0% |
| Furniture and vehicles | 24 | €32,267 | €4,898 | -€27,370 | -84.8% |
| Current assets | 29/58 | €86,045 | €102,297 | +€16,252 | +18.9% |
| Amounts receivable within one year | 40/41 | €65,985 | €68,689 | +€2,704 | +4.1% |
| Trade receivables | 40 | €25,640 | €17,723 | -€7,917 | -30.9% |
| Other amounts receivable | 41 | €40,345 | €50,965 | +€10,621 | +26.3% |
| Current investments | 50/53 | - | €5,855 | +€5,855 | |
| Cash at bank and in hand | 54/58 | €19,072 | €27,482 | +€8,411 | +44.1% |
| Deferred charges and accrued income | 490/1 | €989 | €271 | -€718 | -72.6% |
| Total equity and liabilities | 10/49 | €366,176 | €296,422 | -€69,754 | -19.0% |
| Equity | 10/15 | €124,607 | €132,089 | +€7,483 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,655 | €93,138 | +€7,483 | +8.7% |
| Distributable reserves | 133 | €85,655 | €93,138 | +€7,483 | +8.7% |
| Profit (loss) carried forward | 14 | €20,352 | €20,352 | = | 0.0% |
| Amounts payable | 17/49 | €241,569 | €164,332 | -€77,236 | -32.0% |
| Amounts payable after more than one year | 17 | €148,650 | €100,608 | -€48,041 | -32.3% |
| Financial debts | 170/4 | €148,650 | €100,608 | -€48,041 | -32.3% |
| Amounts payable within one year | 42/48 | €92,919 | €63,724 | -€29,195 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €62,079 | €48,041 | -€14,038 | -22.6% |
| Financial debts | 43 | €205 | €20 | -€185 | -90.2% |
| Credit institutions | 430/8 | €205 | €20 | -€185 | -90.2% |
| Trade debts | 44 | €18,326 | €4,536 | -€13,790 | -75.3% |
| Suppliers | 440/4 | €18,326 | €4,536 | -€13,790 | -75.3% |
| Taxes, remuneration and social security | 45 | €12,310 | €11,127 | -€1,183 | -9.6% |
| Taxes | 450/3 | €12,310 | €11,127 | -€1,183 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,593 | €62,728 | -€14,864 | -19.2% |
| Other operating charges | 640/8 | €1,984 | €1,551 | -€433 | -21.8% |
| Non-recurring operating charges | 66A | - | €19,038 | +€19,038 | |
| Gross operating margin | 9900 | €97,732 | €101,889 | +€4,157 | +4.3% |
| Operating profit (loss) | 9901 | €18,155 | €18,572 | +€417 | +2.3% |
| Financial income | 75/76B | €1,188 | €1,644 | +€455 | +38.3% |
| Recurring financial income | 75 | €1,188 | €1,644 | +€455 | +38.3% |
| Financial charges | 65/66B | €6,268 | €5,430 | -€838 | -13.4% |
| Recurring financial charges | 65 | €6,268 | €5,430 | -€838 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €13,076 | €14,785 | +€1,710 | +13.1% |
| Income taxes | 67/77 | €8,172 | €7,303 | -€869 | -10.6% |
| Profit (loss) for the period | 9904 | €4,903 | €7,483 | +€2,579 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,903 | €7,483 | +€2,579 | +52.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.