F.D.-Management: 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.-Management
Largest movements
- Cash +€190,331
up €190,331 (+129.3%), from €147,161 to €337,493
mainly Net result for the year (+€222,787) and Depreciation (+€20,150)
- Tangible fixed assets -€20,150
down €20,150 (-19.6%), from €102,651 to €82,501
of which Furniture and vehicles: -€11,472
- Receivables within one year +€13,643
up €13,643 (+9.1%), from €149,522 to €163,165
of which Other amounts receivable: +€20,188
- Reserves +€222,787
up €222,787 (+22.9%), from €974,239 to €1.2m
- Tax, wage and social debts -€22,434
down €22,434 (-34.5%), from €64,958 to €42,524
- Financial charges -€8,468
down €8,468 (-17.8%), from €47,564 to €39,096
- Gross operating margin +€6,556
up €6,556 (+1.9%), from €343,687 to €350,243
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 | €1,050,225 | €1,244,040 | +€193,815 | +18.5% |
| Fixed assets | 21/28 | €102,651 | €82,501 | -€20,150 | -19.6% |
| Tangible fixed assets | 22/27 | €102,651 | €82,501 | -€20,150 | -19.6% |
| Plant, machinery and equipment | 23 | €2,284 | €1,764 | -€521 | -22.8% |
| Furniture and vehicles | 24 | €27,519 | €16,047 | -€11,472 | -41.7% |
| Other tangible fixed assets | 26 | €72,848 | €64,691 | -€8,157 | -11.2% |
| Current assets | 29/58 | €947,574 | €1,161,539 | +€213,965 | +22.6% |
| Amounts receivable after more than one year | 29 | €646,853 | €656,556 | +€9,703 | +1.5% |
| Other amounts receivable | 291 | €646,853 | €656,556 | +€9,703 | +1.5% |
| Amounts receivable within one year | 40/41 | €149,522 | €163,165 | +€13,643 | +9.1% |
| Trade receivables | 40 | €78,090 | €71,545 | -€6,545 | -8.4% |
| Other amounts receivable | 41 | €71,432 | €91,620 | +€20,188 | +28.3% |
| Cash at bank and in hand | 54/58 | €147,161 | €337,493 | +€190,331 | +129.3% |
| Deferred charges and accrued income | 490/1 | €4,038 | €4,326 | +€288 | +7.1% |
| Total equity and liabilities | 10/49 | €1,050,225 | €1,244,040 | +€193,815 | +18.5% |
| Equity | 10/15 | €974,539 | €1,197,326 | +€222,787 | +22.9% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €974,239 | €1,197,026 | +€222,787 | +22.9% |
| Distributable reserves | 133 | €974,239 | €1,197,026 | +€222,787 | +22.9% |
| Amounts payable | 17/49 | €75,686 | €46,715 | -€28,972 | -38.3% |
| Amounts payable within one year | 42/48 | €75,429 | €46,366 | -€29,063 | -38.5% |
| Trade debts | 44 | €10,471 | €3,842 | -€6,629 | -63.3% |
| Suppliers | 440/4 | €10,471 | €3,842 | -€6,629 | -63.3% |
| Taxes, remuneration and social security | 45 | €64,958 | €42,524 | -€22,434 | -34.5% |
| Taxes | 450/3 | €64,958 | €42,524 | -€22,434 | -34.5% |
| Accrued charges and deferred income | 492/3 | €257 | €348 | +€91 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,292 | €20,150 | -€142 | -0.7% |
| Other operating charges | 640/8 | €1,728 | €2,798 | +€1,070 | +62.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €343,687 | €350,243 | +€6,556 | +1.9% |
| Operating profit (loss) | 9901 | €321,667 | €327,295 | +€5,628 | +1.7% |
| Financial income | 75/76B | €9,461 | €9,703 | +€242 | +2.6% |
| Recurring financial income | 75 | €9,461 | €9,703 | +€242 | +2.6% |
| Financial charges | 65/66B | €47,564 | €39,096 | -€8,468 | -17.8% |
| Recurring financial charges | 65 | €47,564 | €39,096 | -€8,468 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €283,563 | €297,901 | +€14,338 | +5.1% |
| Income taxes | 67/77 | €73,361 | €75,115 | +€1,754 | +2.4% |
| Profit (loss) for the period | 9904 | €210,202 | €222,787 | +€12,584 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €210,202 | €222,787 | +€12,584 | +6.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.