F.D.K.: 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.K.
Largest movements
- Cash -€22,648
down €22,648 (-49.0%), from €46,201 to €23,553
mainly Net result for the year (-€26,019) and Investment in fixed assets (net) (-€12,328)
- Tangible fixed assets -€12,167
down €12,167 (-10.4%), from €117,182 to €105,015
of which Furniture and vehicles: -€10,675
- Receivables within one year -€5,255
down €5,255 (-45.4%), from €11,571 to €6,316
of which Trade receivables: -€6,881
- Deferred charges and accrued income +€2,209
new in 2025: €2,209
- Profit (loss) carried forward -€26,019
down €26,019 (-22.0%), from €118,126 to €92,107
- Tax, wage and social debts -€9,418
down €9,418 (-68.2%), from €13,800 to €4,382
- Trade debts -€3,893
down €3,893 (-95.5%), from €4,075 to €182
- Gross operating margin -€31,905
down €31,905 (-97.2%), from €32,818 to €913
- Depreciation +€4,336
up €4,336 (+21.5%), from €20,159 to €24,495
- Write-downs +€3,866
no longer reported in 2025 (was -€3,866)
- Taxes -€3,634
down €3,634 (-90.7%), from €4,008 to €374
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 | €175,958 | €137,093 | -€38,865 | -22.1% |
| Fixed assets | 21/28 | €117,182 | €105,015 | -€12,167 | -10.4% |
| Tangible fixed assets | 22/27 | €117,182 | €105,015 | -€12,167 | -10.4% |
| Plant, machinery and equipment | 23 | €24,617 | €27,466 | +€2,849 | +11.6% |
| Furniture and vehicles | 24 | €31,790 | €21,115 | -€10,675 | -33.6% |
| Other tangible fixed assets | 26 | €60,775 | €56,434 | -€4,341 | -7.1% |
| Current assets | 29/58 | €58,776 | €32,078 | -€26,698 | -45.4% |
| Stocks and contracts in progress | 3 | €1,004 | - | -€1,004 | |
| Stocks | 30/36 | €1,004 | - | -€1,004 | |
| Amounts receivable within one year | 40/41 | €11,571 | €6,316 | -€5,255 | -45.4% |
| Trade receivables | 40 | €8,091 | €1,210 | -€6,881 | -85.0% |
| Other amounts receivable | 41 | €3,480 | €5,106 | +€1,626 | +46.7% |
| Cash at bank and in hand | 54/58 | €46,201 | €23,553 | -€22,648 | -49.0% |
| Deferred charges and accrued income | 490/1 | - | €2,209 | +€2,209 | |
| Total equity and liabilities | 10/49 | €175,958 | €137,093 | -€38,865 | -22.1% |
| Equity | 10/15 | €144,950 | €118,931 | -€26,019 | -18.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,232 | €8,232 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,423 | €1,423 | = | 0.0% |
| Distributable reserves | 133 | €4,950 | €4,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,126 | €92,107 | -€26,019 | -22.0% |
| Amounts payable | 17/49 | €31,008 | €18,162 | -€12,846 | -41.4% |
| Amounts payable within one year | 42/48 | €31,008 | €17,496 | -€13,512 | -43.6% |
| Trade debts | 44 | €4,075 | €182 | -€3,893 | -95.5% |
| Suppliers | 440/4 | €4,075 | €182 | -€3,893 | -95.5% |
| Taxes, remuneration and social security | 45 | €13,800 | €4,382 | -€9,418 | -68.2% |
| Taxes | 450/3 | €13,800 | €4,382 | -€9,418 | -68.2% |
| Other amounts payable | 47/48 | €13,133 | €12,932 | -€201 | -1.5% |
| Accrued charges and deferred income | 492/3 | - | €666 | +€666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,159 | €24,495 | +€4,336 | +21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,866 | - | +€3,866 | |
| Other operating charges | 640/8 | €1,737 | €2,010 | +€273 | +15.7% |
| Gross operating margin | 9900 | €32,818 | €913 | -€31,905 | -97.2% |
| Operating profit (loss) | 9901 | €14,788 | -€25,592 | -€40,380 | |
| Financial charges | 65/66B | €268 | €53 | -€215 | -80.2% |
| Recurring financial charges | 65 | €268 | €53 | -€215 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | €14,520 | -€25,645 | -€40,165 | |
| Income taxes | 67/77 | €4,008 | €374 | -€3,634 | -90.7% |
| Profit (loss) for the period | 9904 | €10,512 | -€26,019 | -€36,531 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,512 | -€26,019 | -€36,531 |
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 15 October 2026 via checked.be.