FPI-MANAGEMENT: 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.
FPI-MANAGEMENT
Largest movements
- Tangible fixed assets +€326,651
up €326,651 (+36.4%), from €898,599 to €1.2m
of which Land and buildings: +€321,323
- Receivables within one year +€52,947
up €52,947 (+312%), from €16,982 to €69,929
of which Trade receivables: +€54,146
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash +€49,026
up €49,026 (+43.2%), from €113,464 to €162,489
mainly Debts after one year (+€263,679) and Depreciation (+€72,312)
- Debts after one year +€263,679
up €263,679 (+39.0%), from €676,950 to €940,629
of which Financial debts: +€254,079
- Profit (loss) carried forward +€49,534
up €49,534 (+16.2%), from €305,960 to €355,494
- Trade debts +€41,898
up €41,898 (+310%), from €13,517 to €55,415
- Current portion of long-term debt +€18,228
up €18,228 (+42.6%), from €42,789 to €61,017
- Gross operating margin +€19,491
up €19,491 (+12.9%), from €151,198 to €170,689
- Financial charges +€14,261
up €14,261 (+95.4%), from €14,945 to €29,206
- Depreciation +€8,612
up €8,612 (+13.5%), from €63,700 to €72,312
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 | €1,081,390 | €1,459,677 | +€378,287 | +35.0% |
| Formation expenses | 20 | €1,016 | €600 | -€416 | -40.9% |
| Fixed assets | 21/28 | €898,599 | €1,225,250 | +€326,651 | +36.4% |
| Tangible fixed assets | 22/27 | €898,599 | €1,225,250 | +€326,651 | +36.4% |
| Land and buildings | 22 | €877,253 | €1,198,576 | +€321,323 | +36.6% |
| Plant, machinery and equipment | 23 | €5,911 | €7,157 | +€1,246 | +21.1% |
| Furniture and vehicles | 24 | €15,436 | €19,517 | +€4,081 | +26.4% |
| Current assets | 29/58 | €181,774 | €233,826 | +€52,052 | +28.6% |
| Amounts receivable within one year | 40/41 | €16,982 | €69,929 | +€52,947 | +312% |
| Trade receivables | 40 | €15,783 | €69,929 | +€54,146 | +343% |
| Other amounts receivable | 41 | €1,199 | €0 | -€1,199 | -100.0% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €113,464 | €162,489 | +€49,026 | +43.2% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,408 | +€80 | +6.0% |
| Total equity and liabilities | 10/49 | €1,081,390 | €1,459,677 | +€378,287 | +35.0% |
| Equity | 10/15 | €326,420 | €375,954 | +€49,534 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,960 | €355,494 | +€49,534 | +16.2% |
| Amounts payable | 17/49 | €754,970 | €1,083,723 | +€328,752 | +43.5% |
| Amounts payable after more than one year | 17 | €676,950 | €940,629 | +€263,679 | +39.0% |
| Financial debts | 170/4 | €676,950 | €931,029 | +€254,079 | +37.5% |
| Other amounts payable | 178/9 | - | €9,600 | +€9,600 | |
| Amounts payable within one year | 42/48 | €78,020 | €143,093 | +€65,073 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €42,789 | €61,017 | +€18,228 | +42.6% |
| Trade debts | 44 | €13,517 | €55,415 | +€41,898 | +310% |
| Suppliers | 440/4 | €13,517 | €55,415 | +€41,898 | +310% |
| Taxes, remuneration and social security | 45 | €15,083 | €14,580 | -€503 | -3.3% |
| Taxes | 450/3 | €15,083 | €14,580 | -€503 | -3.3% |
| Other amounts payable | 47/48 | €6,631 | €12,081 | +€5,450 | +82.2% |
| Non-recurring operating income | 76A | €15,666 | €0 | -€15,666 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,700 | €72,312 | +€8,612 | +13.5% |
| Other operating charges | 640/8 | €4,182 | €3,078 | -€1,104 | -26.4% |
| Gross operating margin | 9900 | €151,198 | €170,689 | +€19,491 | +12.9% |
| Operating profit (loss) | 9901 | €83,316 | €95,299 | +€11,983 | +14.4% |
| Financial income | 75/76B | €1,492 | €901 | -€591 | -39.6% |
| Recurring financial income | 75 | €1,492 | €901 | -€591 | -39.6% |
| Financial charges | 65/66B | €14,945 | €29,206 | +€14,261 | +95.4% |
| Recurring financial charges | 65 | €14,945 | €29,206 | +€14,261 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | €69,863 | €66,994 | -€2,869 | -4.1% |
| Income taxes | 67/77 | €17,748 | €17,459 | -€289 | -1.6% |
| Profit (loss) for the period | 9904 | €52,115 | €49,534 | -€2,580 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,115 | €49,534 | -€2,580 | -5.0% |
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 19 October 2026 via checked.be.