FST Projects: 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.
FST Projects
Largest movements
- Cash +€1.4m
up €1.4m (+3,414%), from €41,605 to €1.5m
mainly Stocks and contracts (+€1.0m) and Other debts (+€265,000)
- Stocks and contracts -€1.0m
down €1.0m (-45.6%), from €2.2m to €1.2m
- Other debts +€265,000
up €265,000 (+16.4%), from €1.6m to €1.9m
- Trade debts +€72,798
up €72,798 (+914%), from €7,963 to €80,761
- Profit (loss) carried forward +€68,258
up €68,258 (+78.9%), from -€86,484 to -€18,226
- Gross operating margin +€191,666
up €191,666, from -€44,343 to €147,323
- Staff costs +€46,033
up €46,033 (+233%), from €19,794 to €65,827
- Other operating charges -€9,482
down €9,482 (-42.7%), from €22,194 to €12,712
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,267,701 | €2,669,181 | +€401,479 | +17.7% |
| Fixed assets | 21/28 | €363 | €363 | = | 0.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €2,267,338 | €2,668,818 | +€401,479 | +17.7% |
| Stocks and contracts in progress | 3 | €2,212,475 | €1,203,342 | -€1.0m | -45.6% |
| Stocks | 30/36 | €2,212,475 | €1,203,342 | -€1.0m | -45.6% |
| Amounts receivable within one year | 40/41 | €13,006 | €3,433 | -€9,572 | -73.6% |
| Trade receivables | 40 | €3,345 | €333 | -€3,011 | -90.0% |
| Other amounts receivable | 41 | €9,661 | €3,100 | -€6,561 | -67.9% |
| Cash at bank and in hand | 54/58 | €41,605 | €1,461,899 | +€1.4m | +3,414% |
| Deferred charges and accrued income | 490/1 | €252 | €143 | -€109 | -43.3% |
| Total equity and liabilities | 10/49 | €2,267,701 | €2,669,181 | +€401,479 | +17.7% |
| Equity | 10/15 | €628,516 | €696,774 | +€68,258 | +10.9% |
| Contributions | 10/11 | €715,000 | €715,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,484 | -€18,226 | +€68,258 | +78.9% |
| Amounts payable | 17/49 | €1,639,185 | €1,972,407 | +€333,222 | +20.3% |
| Amounts payable within one year | 42/48 | €1,639,185 | €1,970,907 | +€331,722 | +20.2% |
| Trade debts | 44 | €7,963 | €80,761 | +€72,798 | +914% |
| Suppliers | 440/4 | €7,963 | €80,761 | +€72,798 | +914% |
| Taxes, remuneration and social security | 45 | €18,896 | €12,819 | -€6,077 | -32.2% |
| Taxes | 450/3 | €15,705 | €3,967 | -€11,738 | -74.7% |
| Remuneration and social security | 454/9 | €3,191 | €8,852 | +€5,661 | +177% |
| Other amounts payable | 47/48 | €1,612,326 | €1,877,326 | +€265,000 | +16.4% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €19,794 | €65,827 | +€46,033 | +233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1 | +€1 | |
| Other operating charges | 640/8 | €22,194 | €12,712 | -€9,482 | -42.7% |
| Gross operating margin | 9900 | -€44,343 | €147,323 | +€191,666 | |
| Operating profit (loss) | 9901 | -€86,331 | €68,784 | +€155,114 | |
| Financial income | 75/76B | €227 | - | -€227 | |
| Recurring financial income | 75 | €227 | - | -€227 | |
| Financial charges | 65/66B | €380 | €526 | +€146 | +38.5% |
| Recurring financial charges | 65 | €380 | €526 | +€146 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | -€86,484 | €68,258 | +€154,741 | |
| Profit (loss) for the period | 9904 | -€86,484 | €68,258 | +€154,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,484 | €68,258 | +€154,741 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.