FTRPRF: 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.
FTRPRF
Largest movements
- Current investments +€301,039
new in 2025: €301,039
- Cash -€165,033
down €165,033 (-72.0%), from €229,273 to €64,240
mainly Investment in fixed assets (net) (-€360,749) and Current investments (-€301,039)
- Intangible fixed assets -€44,250
down €44,250 (-4.0%), from €1.1m to €1.1m
- Receivables within one year +€24,196
up €24,196 (+48.4%), from €49,993 to €74,188
of which Trade receivables: +€24,233
- Debts after one year +€206,037
up €206,037 (+52.5%), from €392,085 to €598,122
- Current portion of long-term debt -€195,616
down €195,616 (-58.1%), from €336,930 to €141,314
- Other debts +€36,746
up €36,746 (+35.5%), from €103,440 to €140,186
- Tax, wage and social debts +€36,727
up €36,727 (+58.5%), from €62,762 to €99,489
of which Remuneration and social security: +€22,150
- Profit (loss) carried forward +€25,256
up €25,256 (+5.9%), from €425,499 to €450,754
- Gross operating margin -€97,862
down €97,862 (-10.1%), from €971,669 to €873,807
- Depreciation -€53,294
down €53,294 (-11.4%), from €466,689 to €413,395
- Staff costs -€19,124
down €19,124 (-4.5%), from €421,198 to €402,074
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 | €1,414,061 | €1,515,988 | +€101,927 | +7.2% |
| Fixed assets | 21/28 | €1,122,119 | €1,069,473 | -€52,646 | -4.7% |
| Intangible fixed assets | 21 | €1,106,870 | €1,062,620 | -€44,250 | -4.0% |
| Tangible fixed assets | 22/27 | €15,249 | €6,853 | -€8,396 | -55.1% |
| Furniture and vehicles | 24 | €15,249 | €6,853 | -€8,396 | -55.1% |
| Current assets | 29/58 | €291,943 | €446,515 | +€154,573 | +52.9% |
| Amounts receivable within one year | 40/41 | €49,993 | €74,188 | +€24,196 | +48.4% |
| Trade receivables | 40 | €49,911 | €74,143 | +€24,233 | +48.6% |
| Other amounts receivable | 41 | €82 | €45 | -€37 | -44.9% |
| Current investments | 50/53 | - | €301,039 | +€301,039 | |
| Cash at bank and in hand | 54/58 | €229,273 | €64,240 | -€165,033 | -72.0% |
| Deferred charges and accrued income | 490/1 | €12,676 | €7,048 | -€5,629 | -44.4% |
| Total equity and liabilities | 10/49 | €1,414,061 | €1,515,988 | +€101,927 | +7.2% |
| Equity | 10/15 | €494,049 | €519,304 | +€25,256 | +5.1% |
| Contributions | 10/11 | €68,550 | €68,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €425,499 | €450,754 | +€25,256 | +5.9% |
| Amounts payable | 17/49 | €920,013 | €996,684 | +€76,671 | +8.3% |
| Amounts payable after more than one year | 17 | €392,085 | €598,122 | +€206,037 | +52.5% |
| Financial debts | 170/4 | €392,085 | €598,122 | +€206,037 | +52.5% |
| Amounts payable within one year | 42/48 | €514,599 | €383,003 | -€131,596 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €336,930 | €141,314 | -€195,616 | -58.1% |
| Trade debts | 44 | €11,372 | €1,159 | -€10,213 | -89.8% |
| Suppliers | 440/4 | €11,372 | €1,159 | -€10,213 | -89.8% |
| Advances received on contracts in progress | 46 | €95 | €855 | +€760 | +800.0% |
| Taxes, remuneration and social security | 45 | €62,762 | €99,489 | +€36,727 | +58.5% |
| Taxes | 450/3 | €16,985 | €31,563 | +€14,577 | +85.8% |
| Remuneration and social security | 454/9 | €45,777 | €67,927 | +€22,150 | +48.4% |
| Other amounts payable | 47/48 | €103,440 | €140,186 | +€36,746 | +35.5% |
| Accrued charges and deferred income | 492/3 | €13,329 | €15,558 | +€2,230 | +16.7% |
| Remuneration, social security and pensions | 62 | €421,198 | €402,074 | -€19,124 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466,689 | €413,395 | -€53,294 | -11.4% |
| Other operating charges | 640/8 | €1,797 | €1,935 | +€139 | +7.7% |
| Gross operating margin | 9900 | €971,669 | €873,807 | -€97,862 | -10.1% |
| Operating profit (loss) | 9901 | €81,985 | €56,403 | -€25,582 | -31.2% |
| Financial income | 75/76B | €30 | €1,195 | +€1,166 | +3927.5% |
| Recurring financial income | 75 | €29 | €370 | +€341 | +1156.9% |
| Non-recurring financial income | 76B | €0 | €825 | +€825 | +343779.2% |
| Financial charges | 65/66B | €30,012 | €31,761 | +€1,749 | +5.8% |
| Recurring financial charges | 65 | €30,012 | €31,761 | +€1,749 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €52,003 | €25,837 | -€26,166 | -50.3% |
| Income taxes | 67/77 | €663 | €581 | -€82 | -12.3% |
| Profit (loss) for the period | 9904 | €51,340 | €25,256 | -€26,084 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,340 | €25,256 | -€26,084 | -50.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.