F & D Group: 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.
F & D Group
Largest movements
- Current assets +€277,440
up €277,440 (+506%), from €54,818 to €332,258
of which Receivables within one year: +€273,863
- Debts within one year +€290,545
up €290,545 (+60.2%), from €482,487 to €773,031
- Debts after one year -€234,104
down €234,104 (-30.4%), from €769,319 to €535,214
- Equity +€211,556
up €211,556 (+8.7%), from €2.4m to €2.7m
of which Reserves: +€211,556
- Taxes -€25,526
down €25,526 (-21.7%), from €117,469 to €91,943
- Gross operating margin -€13,543
down €13,543 (-4.0%), from €341,220 to €327,677
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,690,895 | €3,958,892 | +€267,997 | +7.3% |
| Fixed assets | 21/28 | €3,636,077 | €3,626,634 | -€9,443 | -0.3% |
| Tangible fixed assets | 22/27 | €37,771 | €28,328 | -€9,443 | -25.0% |
| Financial fixed assets | 28 | €3,598,306 | €3,598,306 | = | 0.0% |
| Current assets | 29/58 | €54,818 | €332,258 | +€277,440 | +506% |
| Amounts receivable within one year | 40/41 | €35,221 | €309,084 | +€273,863 | +778% |
| Cash at bank and in hand | 54/58 | €19,348 | €22,890 | +€3,542 | +18.3% |
| Total equity and liabilities | 10/49 | €3,690,895 | €3,958,892 | +€267,997 | +7.3% |
| Equity | 10/15 | €2,439,090 | €2,650,646 | +€211,556 | +8.7% |
| Contributions | 10/11 | €1,081,824 | €1,081,824 | = | 0.0% |
| Reserves | 13 | €1,357,266 | €1,568,822 | +€211,556 | +15.6% |
| Profit (loss) carried forward | 14 | €466,711 | - | -€466,711 | |
| Amounts payable | 17/49 | €1,251,805 | €1,308,246 | +€56,441 | +4.5% |
| Amounts payable after more than one year | 17 | €769,319 | €535,214 | -€234,104 | -30.4% |
| Amounts payable within one year | 42/48 | €482,487 | €773,031 | +€290,545 | +60.2% |
| Trade debts | 44 | €661 | €900 | +€239 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,443 | €9,443 | = | 0.0% |
| Gross operating margin | 9900 | €341,220 | €327,677 | -€13,543 | -4.0% |
| Operating profit (loss) | 9901 | €330,275 | €313,206 | -€17,069 | -5.2% |
| Recurring financial income | 75 | €475,877 | - | -€475,877 | |
| Recurring financial charges | 65 | €11,419 | €9,707 | -€1,713 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €794,733 | €303,499 | -€491,234 | -61.8% |
| Income taxes | 67/77 | €117,469 | €91,943 | -€25,526 | -21.7% |
| Profit (loss) for the period | 9904 | €677,264 | €211,556 | -€465,708 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €677,264 | €211,556 | -€465,708 | -68.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.