F.D.B.: 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.
F.D.B.
Largest movements
- Tangible fixed assets -€404,832
down €404,832 (-4.2%), from €9.6m to €9.2m
of which Plant, machinery and equipment: -€222,065
- Cash +€300,819
up €300,819 (+20.0%), from €1.5m to €1.8m
mainly Net result for the year (+€800,350) and Depreciation (+€426,021)
- Deferred charges and accrued income +€174,840
up €174,840 (+44.8%), from €390,666 to €565,506
- Debts after one year -€753,669
down €753,669 (-11.5%), from €6.5m to €5.8m
- Reserves +€400,350
up €400,350 (+17.6%), from €2.3m to €2.7m
of which Distributable reserves: +€400,350
- Current portion of long-term debt +€280,000
up €280,000 (+59.1%), from €473,669 to €753,669
- Other debts +€210,056
up €210,056 (+101.3%), from €207,423 to €417,479
- Other operating charges -€467,137
down €467,137 (-90.6%), from €515,578 to €48,440
- Taxes +€174,488
up €174,488 (+173.4%), from €100,648 to €275,136
- Gross operating margin +€126,520
up €126,520 (+4.5%), from €2.8m to €3.0m
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 | €12,588,587 | €12,830,626 | +€242,039 | +1.9% |
| Fixed assets | 21/28 | €9,602,571 | €9,197,739 | -€404,832 | -4.2% |
| Tangible fixed assets | 22/27 | €9,592,101 | €9,187,269 | -€404,832 | -4.2% |
| Land and buildings | 22 | €7,719,256 | €7,538,063 | -€181,193 | -2.3% |
| Plant, machinery and equipment | 23 | €1,869,962 | €1,647,897 | -€222,065 | -11.9% |
| Furniture and vehicles | 24 | €2,883 | €1,309 | -€1,574 | -54.6% |
| Financial fixed assets | 28 | €10,470 | €10,470 | = | 0.0% |
| Current assets | 29/58 | €2,986,015 | €3,632,887 | +€646,872 | +21.7% |
| Stocks and contracts in progress | 3 | €822,978 | €895,946 | +€72,967 | +8.9% |
| Stocks | 30/36 | €822,978 | €895,946 | +€72,967 | +8.9% |
| Amounts receivable within one year | 40/41 | €267,896 | €366,141 | +€98,245 | +36.7% |
| Trade receivables | 40 | €73,094 | €86,091 | +€12,997 | +17.8% |
| Other amounts receivable | 41 | €194,802 | €280,050 | +€85,249 | +43.8% |
| Cash at bank and in hand | 54/58 | €1,504,475 | €1,805,294 | +€300,819 | +20.0% |
| Deferred charges and accrued income | 490/1 | €390,666 | €565,506 | +€174,840 | +44.8% |
| Total equity and liabilities | 10/49 | €12,588,587 | €12,830,626 | +€242,039 | +1.9% |
| Equity | 10/15 | €2,815,274 | €3,215,624 | +€400,350 | +14.2% |
| Contributions | 10/11 | €535,000 | €535,000 | = | 0.0% |
| Capital | 10 | €535,000 | €535,000 | = | 0.0% |
| Issued capital | 100 | €535,000 | €535,000 | = | 0.0% |
| Reserves | 13 | €2,280,274 | €2,680,624 | +€400,350 | +17.6% |
| Non-distributable reserves | 130/1 | €53,500 | €53,500 | = | 0.0% |
| Legal reserve | 130 | €53,500 | €53,500 | = | 0.0% |
| Distributable reserves | 133 | €2,226,774 | €2,627,124 | +€400,350 | +18.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,773,312 | €9,615,002 | -€158,310 | -1.6% |
| Amounts payable after more than one year | 17 | €6,544,164 | €5,790,494 | -€753,669 | -11.5% |
| Financial debts | 170/4 | €6,544,164 | €5,790,494 | -€753,669 | -11.5% |
| Amounts payable within one year | 42/48 | €3,187,149 | €3,726,507 | +€539,359 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €473,669 | €753,669 | +€280,000 | +59.1% |
| Trade debts | 44 | €2,242,824 | €2,294,638 | +€51,814 | +2.3% |
| Suppliers | 440/4 | €2,242,824 | €2,294,638 | +€51,814 | +2.3% |
| Taxes, remuneration and social security | 45 | €263,233 | €260,722 | -€2,511 | -1.0% |
| Taxes | 450/3 | €32,529 | €11,845 | -€20,684 | -63.6% |
| Remuneration and social security | 454/9 | €230,703 | €248,876 | +€18,173 | +7.9% |
| Other amounts payable | 47/48 | €207,423 | €417,479 | +€210,056 | +101.3% |
| Accrued charges and deferred income | 492/3 | €42,000 | €98,000 | +€56,000 | +133.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,249,661 | €1,254,033 | +€4,372 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422,167 | €426,021 | +€3,854 | +0.9% |
| Other operating charges | 640/8 | €515,578 | €48,440 | -€467,137 | -90.6% |
| Gross operating margin | 9900 | €2,824,060 | €2,950,580 | +€126,520 | +4.5% |
| Operating profit (loss) | 9901 | €636,655 | €1,222,086 | +€585,432 | +92.0% |
| Financial income | 75/76B | €10,338 | €8,393 | -€1,945 | -18.8% |
| Recurring financial income | 75 | €10,338 | €8,393 | -€1,945 | -18.8% |
| Financial charges | 65/66B | €149,471 | €154,994 | +€5,523 | +3.7% |
| Recurring financial charges | 65 | €149,471 | €154,994 | +€5,523 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €497,522 | €1,075,486 | +€577,964 | +116.2% |
| Income taxes | 67/77 | €100,648 | €275,136 | +€174,488 | +173.4% |
| Profit (loss) for the period | 9904 | €396,874 | €800,350 | +€403,475 | +101.7% |
| Profit (loss) for the period to be appropriated | 9905 | €396,874 | €800,350 | +€403,475 | +101.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.