F.D.I.: 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.I.
Largest movements
- Receivables after one year +€40,091
up €40,091 (+479.3%), from €8,365 to €48,456
- Receivables within one year +€22,054
up €22,054 (+289.3%), from €7,622 to €29,676
of which Trade receivables: +€22,089
- Cash +€4,994
up €4,994 (+16.8%), from €29,723 to €34,717
mainly Net result for the year (+€55,754) and Tax, wage and social debts (+€33,694)
- Tangible fixed assets -€4,155
down €4,155 (-6.4%), from €65,138 to €60,983
of which Land and buildings: -€4,785
- Tax, wage and social debts +€33,694
up €33,694 (+565.8%), from €5,955 to €39,648
of which Taxes: +€25,614
- Trade debts +€22,955
up €22,955 (+97.0%), from €23,665 to €46,620
- Profit (loss) carried forward +€14,325
up €14,325 (+41.0%), from €34,959 to €49,285
- Other debts -€6,875
down €6,875 (-90.8%), from €7,575 to €700
- Gross operating margin +€83,042
up €83,042 (+161.4%), from €51,452 to €134,494
- Taxes +€18,745
up €18,745 (+768.4%), from €2,440 to €21,184
- Staff costs +€14,614
up €14,614 (+50.8%), from €28,770 to €43,383
- Other operating charges -€13,523
down €13,523 (-72.6%), from €18,619 to €5,096
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 | €119,623 | €183,722 | +€64,099 | +53.6% |
| Fixed assets | 21/28 | €65,138 | €60,983 | -€4,155 | -6.4% |
| Tangible fixed assets | 22/27 | €65,138 | €60,983 | -€4,155 | -6.4% |
| Land and buildings | 22 | €61,883 | €57,098 | -€4,785 | -7.7% |
| Plant, machinery and equipment | 23 | €3,256 | €3,885 | +€629 | +19.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €54,485 | €122,739 | +€68,254 | +125.3% |
| Amounts receivable after more than one year | 29 | €8,365 | €48,456 | +€40,091 | +479.3% |
| Other amounts receivable | 291 | €8,365 | €48,456 | +€40,091 | +479.3% |
| Stocks and contracts in progress | 3 | €7,856 | €7,856 | = | 0.0% |
| Stocks | 30/36 | €7,856 | €7,856 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,622 | €29,676 | +€22,054 | +289.3% |
| Trade receivables | 40 | €7,586 | €29,676 | +€22,089 | +291.2% |
| Other amounts receivable | 41 | €36 | €0 | -€36 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,723 | €34,717 | +€4,994 | +16.8% |
| Deferred charges and accrued income | 490/1 | €919 | €2,035 | +€1,116 | +121.4% |
| Total equity and liabilities | 10/49 | €119,623 | €183,722 | +€64,099 | +53.6% |
| Equity | 10/15 | €82,428 | €96,753 | +€14,325 | +17.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €22,468 | €22,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €19,968 | €19,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,959 | €49,285 | +€14,325 | +41.0% |
| Amounts payable | 17/49 | €37,195 | €86,969 | +€49,773 | +133.8% |
| Amounts payable within one year | 42/48 | €37,195 | €86,969 | +€49,773 | +133.8% |
| Trade debts | 44 | €23,665 | €46,620 | +€22,955 | +97.0% |
| Suppliers | 440/4 | €23,665 | €46,620 | +€22,955 | +97.0% |
| Taxes, remuneration and social security | 45 | €5,955 | €39,648 | +€33,694 | +565.8% |
| Taxes | 450/3 | €4,365 | €29,979 | +€25,614 | +586.8% |
| Remuneration and social security | 454/9 | €1,590 | €9,669 | +€8,080 | +508.3% |
| Other amounts payable | 47/48 | €7,575 | €700 | -€6,875 | -90.8% |
| Non-recurring operating income | 76A | €98 | - | -€98 | |
| Remuneration, social security and pensions | 62 | €28,770 | €43,383 | +€14,614 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,589 | €6,155 | +€566 | +10.1% |
| Other operating charges | 640/8 | €18,619 | €5,096 | -€13,523 | -72.6% |
| Gross operating margin | 9900 | €51,452 | €134,494 | +€83,042 | +161.4% |
| Operating profit (loss) | 9901 | -€1,526 | €79,859 | +€81,385 | |
| Financial income | 75/76B | €1 | €120 | +€119 | +12650.0% |
| Recurring financial income | 75 | €1 | €120 | +€119 | +12650.0% |
| Financial charges | 65/66B | €3,571 | €3,041 | -€531 | -14.9% |
| Recurring financial charges | 65 | €3,571 | €3,041 | -€531 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,096 | €76,938 | +€82,034 | |
| Income taxes | 67/77 | €2,440 | €21,184 | +€18,745 | +768.4% |
| Profit (loss) for the period | 9904 | -€7,536 | €55,754 | +€63,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,536 | €55,754 | +€63,290 |
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 2 October 2026 via checked.be.