FPB CAPITAL: 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.
FPB CAPITAL
Largest movements
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Cash +€627,009
up €627,009 (+132%), from €473,869 to €1.1m
mainly Current investments (+€1.0m) and Net result for the year (+€33,254)
- Financial fixed assets +€420,452
up €420,452 (+9.9%), from €4.2m to €4.7m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€17,167
down €17,167 (-98.7%), from €17,389 to €222
- Taxes +€11,435
up €11,435 (+281%), from €4,071 to €15,506
- Financial income +€10,404
up €10,404 (+25.1%), from €41,415 to €51,819
- Other operating charges -€2,204
no longer reported in 2025 (was €2,204)
- Gross operating margin +€1,961
up €1,961 (+47.8%), from -€4,099 to -€2,138
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 | €5,747,459 | €5,785,738 | +€38,279 | +0.7% |
| Fixed assets | 21/28 | €4,250,108 | €4,669,860 | +€419,752 | +9.9% |
| Tangible fixed assets | 22/27 | €1,097 | €397 | -€700 | -63.8% |
| Furniture and vehicles | 24 | €1,097 | €397 | -€700 | -63.8% |
| Financial fixed assets | 28 | €4,249,012 | €4,669,463 | +€420,452 | +9.9% |
| Current assets | 29/58 | €1,497,351 | €1,115,878 | -€381,473 | -25.5% |
| Amounts receivable within one year | 40/41 | €23,482 | €15,000 | -€8,482 | -36.1% |
| Other amounts receivable | 41 | €23,482 | €15,000 | -€8,482 | -36.1% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €473,869 | €1,100,878 | +€627,009 | +132% |
| Total equity and liabilities | 10/49 | €5,747,459 | €5,785,738 | +€38,279 | +0.7% |
| Equity | 10/15 | €5,673,454 | €5,706,707 | +€33,254 | +0.6% |
| Contributions | 10/11 | €807,900 | €807,900 | = | 0.0% |
| Reserves | 13 | €4,780,000 | €4,813,000 | +€33,000 | +0.7% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €4,630,000 | €4,663,000 | +€33,000 | +0.7% |
| Profit (loss) carried forward | 14 | €85,554 | €85,807 | +€254 | +0.3% |
| Amounts payable | 17/49 | €74,005 | €79,031 | +€5,026 | +6.8% |
| Amounts payable within one year | 42/48 | €74,005 | €79,031 | +€5,026 | +6.8% |
| Trade debts | 44 | - | €75 | +€75 | |
| Suppliers | 440/4 | - | €75 | +€75 | |
| Taxes, remuneration and social security | 45 | - | €8,300 | +€8,300 | |
| Taxes | 450/3 | - | €8,300 | +€8,300 | |
| Other amounts payable | 47/48 | €74,005 | €70,656 | -€3,349 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,952 | €700 | -€1,253 | -64.2% |
| Other operating charges | 640/8 | €2,204 | - | -€2,204 | |
| Gross operating margin | 9900 | -€4,099 | -€2,138 | +€1,961 | +47.8% |
| Operating profit (loss) | 9901 | -€8,255 | -€2,838 | +€5,418 | +65.6% |
| Financial income | 75/76B | €41,415 | €51,819 | +€10,404 | +25.1% |
| Recurring financial income | 75 | €41,415 | €51,819 | +€10,404 | +25.1% |
| Financial charges | 65/66B | €17,389 | €222 | -€17,167 | -98.7% |
| Recurring financial charges | 65 | €17,389 | €222 | -€17,167 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | €15,771 | €48,760 | +€32,988 | +209% |
| Income taxes | 67/77 | €4,071 | €15,506 | +€11,435 | +281% |
| Profit (loss) for the period | 9904 | €11,700 | €33,254 | +€21,553 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €11,700 | €33,254 | +€21,553 | +184% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.