FXJ 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.
FXJ PROJECTS
Largest movements
- Receivables within one year +€58,643
up €58,643 (+28.1%), from €208,884 to €267,527
of which Trade receivables: +€77,506
- Cash -€56,089
no longer reported in 2025 (was €56,089)
mainly Receivables within one year (-€58,643) and Debts after one year (-€31,149)
- Deferred charges and accrued income +€8,828
up €8,828, from €0 to €8,828
- Debts after one year -€31,149
down €31,149 (-22.7%), from €137,085 to €105,936
- Short-term financial debts +€26,932
new in 2025: €26,932
- Profit (loss) carried forward +€9,685
up €9,685 (+2.9%), from €336,073 to €345,758
- Trade debts +€6,881
new in 2025: €6,881
- Purchases and services -€165,729
down €165,729 (-46.3%), from €358,174 to €192,445
- Gross operating margin -€152,568
down €152,568 (-66.6%), from €228,996 to €76,428
- Turnover +€37,799
up €37,799 (+17.1%), from €221,082 to €258,881
- Taxes +€28,558
up €28,558 (+678%), from €4,212 to €32,770
- Other operating charges -€4,007
down €4,007 (-78.5%), from €5,107 to €1,100
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 | €538,944 | €550,093 | +€11,148 | +2.1% |
| Fixed assets | 21/28 | €73,972 | €73,738 | -€234 | -0.3% |
| Tangible fixed assets | 22/27 | €234 | €0 | -€234 | -100% |
| Furniture and vehicles | 24 | €234 | €0 | -€234 | -100% |
| Financial fixed assets | 28 | €73,738 | €73,738 | = | 0.0% |
| Current assets | 29/58 | €464,973 | €476,355 | +€11,382 | +2.4% |
| Amounts receivable within one year | 40/41 | €208,884 | €267,527 | +€58,643 | +28.1% |
| Trade receivables | 40 | €168,607 | €246,113 | +€77,506 | +46.0% |
| Other amounts receivable | 41 | €40,277 | €21,414 | -€18,863 | -46.8% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,089 | - | -€56,089 | |
| Deferred charges and accrued income | 490/1 | €0 | €8,828 | +€8,828 | |
| Total equity and liabilities | 10/49 | €538,944 | €550,093 | +€11,148 | +2.1% |
| Equity | 10/15 | €342,273 | €351,958 | +€9,685 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,073 | €345,758 | +€9,685 | +2.9% |
| Amounts payable | 17/49 | €196,672 | €198,135 | +€1,463 | +0.7% |
| Amounts payable after more than one year | 17 | €137,085 | €105,936 | -€31,149 | -22.7% |
| Financial debts | 170/4 | €137,085 | €105,936 | -€31,149 | -22.7% |
| Amounts payable within one year | 42/48 | €40,624 | €76,515 | +€35,891 | +88.4% |
| Current portion of amounts payable after more than one year | 42 | €30,072 | €31,185 | +€1,113 | +3.7% |
| Financial debts | 43 | - | €26,932 | +€26,932 | |
| Credit institutions | 430/8 | - | €26,932 | +€26,932 | |
| Trade debts | 44 | - | €6,881 | +€6,881 | |
| Suppliers | 440/4 | - | €6,881 | +€6,881 | |
| Other amounts payable | 47/48 | €10,551 | €11,516 | +€965 | +9.1% |
| Accrued charges and deferred income | 492/3 | €18,963 | €15,685 | -€3,279 | -17.3% |
| Turnover | 70 | €221,082 | €258,881 | +€37,799 | +17.1% |
| Non-recurring operating income | 76A | €337,681 | €9,993 | -€327,688 | -97.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €358,174 | €192,445 | -€165,729 | -46.3% |
| Remuneration, social security and pensions | 62 | €18,394 | €21,344 | +€2,950 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426 | €426 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,107 | €1,100 | -€4,007 | -78.5% |
| Non-recurring operating charges | 66A | €1,760 | - | -€1,760 | |
| Gross operating margin | 9900 | €228,996 | €76,428 | -€152,568 | -66.6% |
| Operating profit (loss) | 9901 | €203,308 | €53,558 | -€149,750 | -73.7% |
| Financial income | 75/76B | €3,862 | €823 | -€3,039 | -78.7% |
| Recurring financial income | 75 | €3,862 | €823 | -€3,039 | -78.7% |
| Financial charges | 65/66B | €14,227 | €11,926 | -€2,301 | -16.2% |
| Recurring financial charges | 65 | €14,227 | €11,926 | -€2,301 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €192,944 | €42,455 | -€150,489 | -78.0% |
| Income taxes | 67/77 | €4,212 | €32,770 | +€28,558 | +678% |
| Profit (loss) for the period | 9904 | €188,732 | €9,685 | -€179,047 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €188,732 | €9,685 | -€179,047 | -94.9% |
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 14 October 2026 via checked.be.