FPI5: 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.
FPI5
Largest movements
- Receivables within one year -€10,562
down €10,562 (-98.5%), from €10,722 to €160
of which Other amounts receivable: -€10,722
- Cash -€1,028
down €1,028 (-31.1%), from €3,304 to €2,276
mainly Net result for the year (-€17,595) and Trade debts (-€1,026)
- Formation expenses -€290
down €290 (-33.6%), from €862 to €572
- Profit (loss) carried forward -€17,595
down €17,595 (-59.3%), from -€29,682 to -€47,277
- Debts after one year +€6,741
new in 2025: €6,741
- Trade debts -€1,026
down €1,026 (-22.5%), from €4,570 to €3,544
- Financial income -€587
down €587 (-81.3%), from €722 to €135
- Gross operating margin -€347
down €347 (-2.1%), from -€16,179 to -€16,526
- Financial charges +€214
up €214 (+70.9%), from €301 to €515
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 | €14,888 | €3,008 | -€11,880 | -79.8% |
| Formation expenses | 20 | €862 | €572 | -€290 | -33.6% |
| Current assets | 29/58 | €14,026 | €2,436 | -€11,590 | -82.6% |
| Amounts receivable within one year | 40/41 | €10,722 | €160 | -€10,562 | -98.5% |
| Trade receivables | 40 | - | €160 | +€160 | |
| Other amounts receivable | 41 | €10,722 | €0 | -€10,722 | -100% |
| Cash at bank and in hand | 54/58 | €3,304 | €2,276 | -€1,028 | -31.1% |
| Total equity and liabilities | 10/49 | €14,888 | €3,008 | -€11,880 | -79.8% |
| Equity | 10/15 | €10,318 | -€7,277 | -€17,595 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,682 | -€47,277 | -€17,595 | -59.3% |
| Amounts payable | 17/49 | €4,570 | €10,285 | +€5,715 | +125% |
| Amounts payable after more than one year | 17 | - | €6,741 | +€6,741 | |
| Other amounts payable | 178/9 | - | €6,741 | +€6,741 | |
| Amounts payable within one year | 42/48 | €4,570 | €3,544 | -€1,026 | -22.5% |
| Trade debts | 44 | €4,570 | €3,544 | -€1,026 | -22.5% |
| Suppliers | 440/4 | €4,570 | €3,544 | -€1,026 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €290 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€16,179 | -€16,526 | -€347 | -2.1% |
| Operating profit (loss) | 9901 | -€16,857 | -€17,216 | -€359 | -2.1% |
| Financial income | 75/76B | €722 | €135 | -€587 | -81.3% |
| Recurring financial income | 75 | €722 | €135 | -€587 | -81.3% |
| Financial charges | 65/66B | €301 | €515 | +€214 | +70.9% |
| Recurring financial charges | 65 | €301 | €515 | +€214 | +70.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,436 | -€17,595 | -€1,159 | -7.1% |
| Profit (loss) for the period | 9904 | -€16,436 | -€17,595 | -€1,159 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,436 | -€17,595 | -€1,159 | -7.1% |
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 17 October 2026 via checked.be.