F.D.G.: 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.G.
Largest movements
- Receivables within one year +€158,056
up €158,056 (+31.9%), from €496,222 to €654,278
of which Trade receivables: +€126,482
- Deferred charges and accrued income +€19,604
up €19,604 (+1661.4%), from €1,180 to €20,784
- Cash +€18,495
up €18,495 (+157.2%), from €11,768 to €30,263
mainly Trade debts (+€187,148) and Net result for the year (+€34,061)
- Trade debts +€187,148
up €187,148 (+51.9%), from €360,431 to €547,578
- Profit (loss) carried forward +€34,061
up €34,061, from -€24,182 to €9,879
- Debts after one year -€17,407
down €17,407 (-34.1%), from €50,993 to €33,587
- Tax, wage and social debts -€14,014
down €14,014 (-22.6%), from €61,889 to €47,874
of which Taxes: -€16,304
- Accrued charges and deferred income +€13,964
up €13,964 (+61.5%), from €22,706 to €36,670
- Gross operating margin +€140,615
up €140,615 (+226.7%), from €62,021 to €202,636
- Financial charges -€13,855
down €13,855 (-55.4%), from €25,016 to €11,161
- Staff costs +€13,009
up €13,009 (+12.8%), from €101,994 to €115,003
- Other operating charges +€5,736
up €5,736 (+109.4%), from €5,244 to €10,979
- Depreciation -€3,279
down €3,279 (-9.4%), from €34,712 to €31,432
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.
Cash bridge derived
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 | €594,402 | €792,834 | +€198,432 | +33.4% |
| Fixed assets | 21/28 | €85,232 | €87,510 | +€2,278 | +2.7% |
| Tangible fixed assets | 22/27 | €84,932 | €87,210 | +€2,278 | +2.7% |
| Land and buildings | 22 | €4,999 | €14,846 | +€9,846 | +197.0% |
| Plant, machinery and equipment | 23 | €14,509 | €30,994 | +€16,485 | +113.6% |
| Furniture and vehicles | 24 | €65,424 | €41,371 | -€24,053 | -36.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €509,170 | €705,324 | +€196,154 | +38.5% |
| Amounts receivable within one year | 40/41 | €496,222 | €654,278 | +€158,056 | +31.9% |
| Trade receivables | 40 | €454,063 | €580,544 | +€126,482 | +27.9% |
| Other amounts receivable | 41 | €42,159 | €73,733 | +€31,574 | +74.9% |
| Cash at bank and in hand | 54/58 | €11,768 | €30,263 | +€18,495 | +157.2% |
| Deferred charges and accrued income | 490/1 | €1,180 | €20,784 | +€19,604 | +1661.4% |
| Total equity and liabilities | 10/49 | €594,402 | €792,834 | +€198,432 | +33.4% |
| Equity | 10/15 | €44,017 | €78,078 | +€34,061 | +77.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,182 | €9,879 | +€34,061 | |
| Amounts payable | 17/49 | €550,385 | €714,756 | +€164,371 | +29.9% |
| Amounts payable after more than one year | 17 | €50,993 | €33,587 | -€17,407 | -34.1% |
| Financial debts | 170/4 | €50,993 | €33,587 | -€17,407 | -34.1% |
| Amounts payable within one year | 42/48 | €476,685 | €644,499 | +€167,814 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €41,747 | €46,882 | +€5,135 | +12.3% |
| Financial debts | 43 | €1,856 | €2,164 | +€308 | +16.6% |
| Credit institutions | 430/8 | €1,856 | €2,164 | +€308 | +16.6% |
| Trade debts | 44 | €360,431 | €547,578 | +€187,148 | +51.9% |
| Suppliers | 440/4 | €360,431 | €547,578 | +€187,148 | +51.9% |
| Taxes, remuneration and social security | 45 | €61,889 | €47,874 | -€14,014 | -22.6% |
| Taxes | 450/3 | €35,629 | €19,325 | -€16,304 | -45.8% |
| Remuneration and social security | 454/9 | €26,260 | €28,550 | +€2,290 | +8.7% |
| Other amounts payable | 47/48 | €10,763 | - | -€10,763 | |
| Accrued charges and deferred income | 492/3 | €22,706 | €36,670 | +€13,964 | +61.5% |
| Remuneration, social security and pensions | 62 | €101,994 | €115,003 | +€13,009 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,712 | €31,432 | -€3,279 | -9.4% |
| Other operating charges | 640/8 | €5,244 | €10,979 | +€5,736 | +109.4% |
| Gross operating margin | 9900 | €62,021 | €202,636 | +€140,615 | +226.7% |
| Operating profit (loss) | 9901 | -€79,928 | €45,221 | +€125,149 | |
| Financial income | 75/76B | €2 | €2 | = | 0.0% |
| Recurring financial income | 75 | €2 | €2 | = | 0.0% |
| Financial charges | 65/66B | €25,016 | €11,161 | -€13,855 | -55.4% |
| Recurring financial charges | 65 | €25,016 | €11,161 | -€13,855 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | -€104,943 | €34,061 | +€139,004 | |
| Profit (loss) for the period | 9904 | -€104,943 | €34,061 | +€139,004 | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,943 | €34,061 | +€139,004 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.