FPD1: 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.
FPD1
Largest movements
- Receivables within one year -€16,877
down €16,877 (-86.5%), from €19,503 to €2,626
of which Trade receivables: -€14,868
- Profit (loss) carried forward -€17,759
down €17,759 (-24.3%), from -€73,035 to -€90,794
- Debts after one year +€4,751
up €4,751 (+1.0%), from €496,711 to €501,462
- Financial charges -€8,732
down €8,732 (-30.1%), from €29,033 to €20,301
- Turnover -€5,899
down €5,899 (-39.3%), from €15,000 to €9,101
- Gross operating margin +€4,613
up €4,613, from -€1,508 to €3,105
- Purchases and services -€2,134
down €2,134 (-12.3%), from €17,396 to €15,262
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 | €447,453 | €433,996 | -€13,457 | -3.0% |
| Formation expenses | 20 | €162 | €0 | -€162 | -100% |
| Current assets | 29/58 | €447,291 | €433,996 | -€13,295 | -3.0% |
| Stocks and contracts in progress | 3 | €424,187 | €425,005 | +€818 | +0.2% |
| Stocks | 30/36 | €424,187 | €425,005 | +€818 | +0.2% |
| Amounts receivable within one year | 40/41 | €19,503 | €2,626 | -€16,877 | -86.5% |
| Trade receivables | 40 | €15,000 | €132 | -€14,868 | -99.1% |
| Other amounts receivable | 41 | €4,503 | €2,494 | -€2,009 | -44.6% |
| Cash at bank and in hand | 54/58 | €3,601 | €6,365 | +€2,764 | +76.8% |
| Total equity and liabilities | 10/49 | €447,453 | €433,996 | -€13,457 | -3.0% |
| Equity | 10/15 | -€53,035 | -€70,794 | -€17,759 | -33.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,035 | -€90,794 | -€17,759 | -24.3% |
| Amounts payable | 17/49 | €500,488 | €504,790 | +€4,302 | +0.9% |
| Amounts payable after more than one year | 17 | €496,711 | €501,462 | +€4,751 | +1.0% |
| Other amounts payable | 178/9 | €496,711 | €501,462 | +€4,751 | +1.0% |
| Amounts payable within one year | 42/48 | €3,777 | €3,328 | -€449 | -11.9% |
| Trade debts | 44 | €3,777 | €3,328 | -€449 | -11.9% |
| Suppliers | 440/4 | €3,777 | €3,328 | -€449 | -11.9% |
| Turnover | 70 | €15,000 | €9,101 | -€5,899 | -39.3% |
| Non-recurring operating income | 76A | - | €8,448 | +€8,448 | |
| Goods, raw materials, services and sundry goods | 60/61 | €17,396 | €15,262 | -€2,134 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €162 | -€8 | -4.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,508 | €3,105 | +€4,613 | |
| Operating profit (loss) | 9901 | -€2,066 | €2,543 | +€4,608 | |
| Financial charges | 65/66B | €29,033 | €20,301 | -€8,732 | -30.1% |
| Recurring financial charges | 65 | €29,033 | €20,301 | -€8,732 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,099 | -€17,759 | +€13,340 | +42.9% |
| Profit (loss) for the period | 9904 | -€31,099 | -€17,759 | +€13,340 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,099 | -€17,759 | +€13,340 | +42.9% |
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 13 October 2026 via checked.be.