FPM - FINANCIAL PROJECT 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.
FPM - FINANCIAL PROJECT MANAGEMENT
Largest movements
- Receivables within one year -€34,450
down €34,450 (-95.8%), from €35,960 to €1,510
- Receivables after one year -€20,000
down €20,000 (-16.7%), from €120,000 to €100,000
- Other debts -€48,201
down €48,201 (-81.6%), from €59,039 to €10,838
- Tax, wage and social debts -€6,765
down €6,765 (-51.0%), from €13,261 to €6,496
- Short-term financial debts +€3,054
up €3,054 (+160%), from €1,906 to €4,960
- Trade debts -€1,981
down €1,981 (-74.6%), from €2,657 to €676
- Reserves -€1,967
down €1,967 (-2.7%), from €72,754 to €70,787
of which Distributable reserves: -€1,967
- Gross operating margin -€17,192
down €17,192, from €13,531 to -€3,660
- Taxes -€5,633
down €5,633 (-92.9%), from €6,065 to €431
- Financial income -€903
down €903 (-18.1%), from €5,001 to €4,098
- Other operating charges -€448
down €448 (-35.7%), from €1,255 to €807
- Financial charges +€185
up €185 (+23.1%), from €801 to €986
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 | €162,637 | €106,777 | -€55,860 | -34.3% |
| Fixed assets | 21/28 | €364 | €184 | -€180 | -49.5% |
| Tangible fixed assets | 22/27 | €364 | €184 | -€180 | -49.5% |
| Furniture and vehicles | 24 | €364 | €184 | -€180 | -49.5% |
| Current assets | 29/58 | €162,273 | €106,593 | -€55,680 | -34.3% |
| Amounts receivable after more than one year | 29 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Other amounts receivable | 291 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €35,960 | €1,510 | -€34,450 | -95.8% |
| Other amounts receivable | 41 | €35,960 | €1,510 | -€34,450 | -95.8% |
| Cash at bank and in hand | 54/58 | €12 | €1 | -€11 | -88.7% |
| Deferred charges and accrued income | 490/1 | €6,300 | €5,082 | -€1,219 | -19.3% |
| Total equity and liabilities | 10/49 | €162,637 | €106,777 | -€55,860 | -34.3% |
| Equity | 10/15 | €85,774 | €83,807 | -€1,967 | -2.3% |
| Contributions | 10/11 | €13,020 | €13,020 | = | 0.0% |
| Reserves | 13 | €72,754 | €70,787 | -€1,967 | -2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,894 | €68,927 | -€1,967 | -2.8% |
| Amounts payable | 17/49 | €76,863 | €22,970 | -€53,893 | -70.1% |
| Amounts payable within one year | 42/48 | €76,863 | €22,970 | -€53,893 | -70.1% |
| Financial debts | 43 | €1,906 | €4,960 | +€3,054 | +160% |
| Credit institutions | 430/8 | €1,906 | €4,960 | +€3,054 | +160% |
| Trade debts | 44 | €2,657 | €676 | -€1,981 | -74.6% |
| Suppliers | 440/4 | €2,657 | €676 | -€1,981 | -74.6% |
| Taxes, remuneration and social security | 45 | €13,261 | €6,496 | -€6,765 | -51.0% |
| Taxes | 450/3 | €13,261 | €6,496 | -€6,765 | -51.0% |
| Other amounts payable | 47/48 | €59,039 | €10,838 | -€48,201 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177 | €180 | +€3 | +2.0% |
| Other operating charges | 640/8 | €1,255 | €807 | -€448 | -35.7% |
| Gross operating margin | 9900 | €13,531 | -€3,660 | -€17,192 | |
| Operating profit (loss) | 9901 | €12,099 | -€4,648 | -€16,747 | |
| Financial income | 75/76B | €5,001 | €4,098 | -€903 | -18.1% |
| Recurring financial income | 75 | €5,001 | €4,098 | -€903 | -18.1% |
| Financial charges | 65/66B | €801 | €986 | +€185 | +23.1% |
| Recurring financial charges | 65 | €801 | €986 | +€185 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €16,300 | -€1,535 | -€17,835 | |
| Income taxes | 67/77 | €6,065 | €431 | -€5,633 | -92.9% |
| Profit (loss) for the period | 9904 | €10,235 | -€1,967 | -€12,202 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,235 | -€1,967 | -€12,202 |
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 31 October 2026 via checked.be.