FP WORKS: 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 WORKS
Largest movements
- Cash +€71,006
up €71,006 (+286%), from €24,801 to €95,807
mainly Net result for the year (+€74,844) and Depreciation (+€22,896)
- Receivables within one year -€20,341
no longer reported in 2025 (was €20,341)
of which Trade receivables: -€20,207
- Tangible fixed assets -€20,033
down €20,033 (-3.8%), from €525,631 to €505,598
of which Land and buildings: -€17,845
- Reserves +€74,844
up €74,844 (+20.5%), from €365,351 to €440,195
of which Distributable reserves: +€76,755
- Debts after one year -€22,107
down €22,107 (-25.2%), from €87,662 to €65,555
- Tax, wage and social debts -€16,524
down €16,524 (-47.4%), from €34,828 to €18,305
of which Remuneration and social security: -€9,073
- Other debts -€11,364
down €11,364 (-82.4%), from €13,799 to €2,436
- Trade debts +€7,311
up €7,311 (+1,231%), from €594 to €7,905
- Gross operating margin +€22,619
up €22,619 (+20.3%), from €111,398 to €134,017
- Taxes +€3,037
up €3,037 (+11.1%), from €27,414 to €30,451
- Depreciation -€2,533
down €2,533 (-10.0%), from €25,430 to €22,896
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 | €698,823 | €730,908 | +€32,085 | +4.6% |
| Fixed assets | 21/28 | €525,631 | €505,598 | -€20,033 | -3.8% |
| Tangible fixed assets | 22/27 | €525,631 | €505,598 | -€20,033 | -3.8% |
| Land and buildings | 22 | €344,558 | €326,712 | -€17,845 | -5.2% |
| Plant, machinery and equipment | 23 | €13,719 | €11,883 | -€1,836 | -13.4% |
| Furniture and vehicles | 24 | €2,355 | €2,003 | -€352 | -14.9% |
| Other tangible fixed assets | 26 | €165,000 | €165,000 | = | 0.0% |
| Current assets | 29/58 | €173,192 | €225,310 | +€52,119 | +30.1% |
| Amounts receivable within one year | 40/41 | €20,341 | - | -€20,341 | |
| Trade receivables | 40 | €20,207 | - | -€20,207 | |
| Other amounts receivable | 41 | €134 | - | -€134 | |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,801 | €95,807 | +€71,006 | +286% |
| Deferred charges and accrued income | 490/1 | €3,049 | €4,503 | +€1,454 | +47.7% |
| Total equity and liabilities | 10/49 | €698,823 | €730,908 | +€32,085 | +4.6% |
| Equity | 10/15 | €531,146 | €605,990 | +€74,844 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €365,351 | €440,195 | +€74,844 | +20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,298 | €34,387 | -€1,910 | -5.3% |
| Distributable reserves | 133 | €327,194 | €403,948 | +€76,755 | +23.5% |
| Profit (loss) carried forward | 14 | €147,195 | €147,195 | = | 0.0% |
| Provisions and deferred taxes | 16 | €9,074 | €8,597 | -€478 | -5.3% |
| Deferred taxes | 168 | €9,074 | €8,597 | -€478 | -5.3% |
| Amounts payable | 17/49 | €158,602 | €116,321 | -€42,281 | -26.7% |
| Amounts payable after more than one year | 17 | €87,662 | €65,555 | -€22,107 | -25.2% |
| Financial debts | 170/4 | €87,662 | €65,555 | -€22,107 | -25.2% |
| Amounts payable within one year | 42/48 | €70,941 | €50,766 | -€20,175 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €21,719 | €22,107 | +€388 | +1.8% |
| Financial debts | 43 | - | €14 | +€14 | |
| Credit institutions | 430/8 | - | €14 | +€14 | |
| Trade debts | 44 | €594 | €7,905 | +€7,311 | +1,231% |
| Suppliers | 440/4 | €594 | €7,905 | +€7,311 | +1,231% |
| Taxes, remuneration and social security | 45 | €34,828 | €18,305 | -€16,524 | -47.4% |
| Taxes | 450/3 | €21,372 | €13,922 | -€7,451 | -34.9% |
| Remuneration and social security | 454/9 | €13,456 | €4,383 | -€9,073 | -67.4% |
| Other amounts payable | 47/48 | €13,799 | €2,436 | -€11,364 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,430 | €22,896 | -€2,533 | -10.0% |
| Other operating charges | 640/8 | €3,443 | €3,133 | -€310 | -9.0% |
| Gross operating margin | 9900 | €111,398 | €134,017 | +€22,619 | +20.3% |
| Operating profit (loss) | 9901 | €82,526 | €107,988 | +€25,462 | +30.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,271 | €3,171 | -€1,100 | -25.8% |
| Recurring financial charges | 65 | €4,271 | €3,171 | -€1,100 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €78,256 | €104,818 | +€26,562 | +33.9% |
| Transfer from deferred taxes | 780 | €478 | €478 | = | 0.0% |
| Income taxes | 67/77 | €27,414 | €30,451 | +€3,037 | +11.1% |
| Profit (loss) for the period | 9904 | €51,319 | €74,844 | +€23,525 | +45.8% |
| Transfer from tax-exempt reserves | 789 | €1,910 | €1,910 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,230 | €76,755 | +€23,525 | +44.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.