FPE: 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.
FPE
Largest movements
- Deferred charges and accrued income +€80,023
up €80,023 (+1817.7%), from €4,403 to €84,425
- Cash +€76,805
up €76,805 (+241.1%), from €31,856 to €108,661
mainly Trade debts (+€96,126) and Net result for the year (+€48,140)
- Stocks and contracts +€59,907
up €59,907 (+35.3%), from €169,628 to €229,534
- Receivables within one year +€22,228
up €22,228 (+31.6%), from €70,409 to €92,636
of which Trade receivables: +€18,574
- Tangible fixed assets -€11,474
down €11,474 (-13.8%), from €83,099 to €71,625
of which Plant, machinery and equipment: -€9,418
- Reserves +€156,699
up €156,699 (+25274.0%), from €620 to €157,319
of which Distributable reserves: +€156,699
- Profit (loss) carried forward -€108,559
down €108,559 (-100.0%), from €108,559 to €0
- Trade debts +€96,126
up €96,126 (+511.0%), from €18,811 to €114,937
- Tax, wage and social debts +€42,590
up €42,590 (+67.8%), from €62,852 to €105,443
of which Taxes: +€41,672
- Short-term financial debts +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Gross operating margin +€60,717
up €60,717 (+105.5%), from €57,557 to €118,274
- Taxes +€9,581
up €9,581 (+439.4%), from €2,181 to €11,762
- Staff costs +€8,012
up €8,012 (+30.7%), from €26,120 to €34,132
- Other operating charges +€4,303
up €4,303 (+436.1%), from €987 to €5,289
- Write-downs -€2,568
down €2,568 (-100.0%), from €2,568 to €0
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 | €361,386 | €588,473 | +€227,087 | +62.8% |
| Fixed assets | 21/28 | €85,091 | €73,217 | -€11,874 | -14.0% |
| Intangible fixed assets | 21 | €1,992 | €1,592 | -€400 | -20.1% |
| Tangible fixed assets | 22/27 | €83,099 | €71,625 | -€11,474 | -13.8% |
| Plant, machinery and equipment | 23 | €35,392 | €25,973 | -€9,418 | -26.6% |
| Furniture and vehicles | 24 | €8,556 | €8,905 | +€349 | +4.1% |
| Other tangible fixed assets | 26 | €39,151 | €36,747 | -€2,405 | -6.1% |
| Current assets | 29/58 | €276,295 | €515,256 | +€238,962 | +86.5% |
| Stocks and contracts in progress | 3 | €169,628 | €229,534 | +€59,907 | +35.3% |
| Stocks | 30/36 | €169,628 | €229,534 | +€59,907 | +35.3% |
| Amounts receivable within one year | 40/41 | €70,409 | €92,636 | +€22,228 | +31.6% |
| Trade receivables | 40 | €62,843 | €81,417 | +€18,574 | +29.6% |
| Other amounts receivable | 41 | €7,566 | €11,219 | +€3,653 | +48.3% |
| Cash at bank and in hand | 54/58 | €31,856 | €108,661 | +€76,805 | +241.1% |
| Deferred charges and accrued income | 490/1 | €4,403 | €84,425 | +€80,023 | +1817.7% |
| Total equity and liabilities | 10/49 | €361,386 | €588,473 | +€227,087 | +62.8% |
| Equity | 10/15 | €115,379 | €163,519 | +€48,140 | +41.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €157,319 | +€156,699 | +25274.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €620 | €157,319 | +€156,699 | +25274.0% |
| Profit (loss) carried forward | 14 | €108,559 | €0 | -€108,559 | -100.0% |
| Amounts payable | 17/49 | €246,007 | €424,954 | +€178,947 | +72.7% |
| Amounts payable after more than one year | 17 | €61,335 | €50,375 | -€10,960 | -17.9% |
| Financial debts | 170/4 | €61,335 | €50,375 | -€10,960 | -17.9% |
| Amounts payable within one year | 42/48 | €184,672 | €373,221 | +€188,549 | +102.1% |
| Current portion of amounts payable after more than one year | 42 | €16,249 | €21,905 | +€5,656 | +34.8% |
| Financial debts | 43 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Credit institutions | 430/8 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Trade debts | 44 | €18,811 | €114,937 | +€96,126 | +511.0% |
| Suppliers | 440/4 | €18,811 | €114,937 | +€96,126 | +511.0% |
| Advances received on contracts in progress | 46 | €61,760 | €80,936 | +€19,176 | +31.0% |
| Taxes, remuneration and social security | 45 | €62,852 | €105,443 | +€42,590 | +67.8% |
| Taxes | 450/3 | €53,878 | €95,551 | +€41,672 | +77.3% |
| Remuneration and social security | 454/9 | €8,974 | €9,892 | +€918 | +10.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,359 | +€1,359 | |
| Remuneration, social security and pensions | 62 | €26,120 | €34,132 | +€8,012 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,894 | €12,699 | +€1,805 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,568 | €0 | -€2,568 | -100.0% |
| Other operating charges | 640/8 | €987 | €5,289 | +€4,303 | +436.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €57,557 | €118,274 | +€60,717 | +105.5% |
| Operating profit (loss) | 9901 | €16,989 | €66,153 | +€49,165 | +289.4% |
| Financial income | 75/76B | €2,555 | €2,349 | -€206 | -8.1% |
| Recurring financial income | 75 | €2,555 | €2,349 | -€206 | -8.1% |
| Financial charges | 65/66B | €9,146 | €8,601 | -€545 | -6.0% |
| Recurring financial charges | 65 | €9,146 | €8,601 | -€545 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €10,398 | €59,902 | +€49,504 | +476.1% |
| Income taxes | 67/77 | €2,181 | €11,762 | +€9,581 | +439.4% |
| Profit (loss) for the period | 9904 | €8,217 | €48,140 | +€39,923 | +485.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,217 | €48,140 | +€39,923 | +485.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.