F&D TRANS: 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 TRANS
Largest movements
- Receivables within one year +€66,349
up €66,349 (+18.9%), from €351,760 to €418,110
of which Other amounts receivable: +€96,513
- Intangible fixed assets +€10,645
new in 2025: €10,645
- Cash +€9,542
up €9,542 (+18.9%), from €50,575 to €60,116
mainly Other debts (+€315,122) and Depreciation (+€78,677)
- Other debts +€315,122
up €315,122 (+31469.4%), from €1,001 to €316,123
- Reserves -€288,717
down €288,717 (-91.6%), from €315,308 to €26,591
of which Distributable reserves: -€288,717
- Tax, wage and social debts +€35,693
up €35,693 (+91.1%), from €39,196 to €74,890
of which Taxes: +€30,346
- Debts after one year +€21,469
up €21,469 (+22.3%), from €96,437 to €117,905
- Trade debts +€7,732
up €7,732 (+11.3%), from €68,290 to €76,021
- Staff costs -€156,134
down €156,134 (-19.1%), from €819,126 to €662,992
- Gross operating margin -€148,410
down €148,410 (-15.9%), from €933,351 to €784,940
- Financial income -€14,150
down €14,150 (-82.6%), from €17,140 to €2,990
of which Non-recurring financial income: -€10,560
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 | €578,904 | €669,519 | +€90,615 | +15.7% |
| Fixed assets | 21/28 | €163,242 | €174,476 | +€11,235 | +6.9% |
| Intangible fixed assets | 21 | - | €10,645 | +€10,645 | |
| Tangible fixed assets | 22/27 | €151,075 | €151,665 | +€589 | +0.4% |
| Plant, machinery and equipment | 23 | €3,072 | €1,620 | -€1,452 | -47.3% |
| Furniture and vehicles | 24 | €148,003 | €150,045 | +€2,042 | +1.4% |
| Financial fixed assets | 28 | €12,167 | €12,167 | = | 0.0% |
| Current assets | 29/58 | €415,662 | €495,042 | +€79,381 | +19.1% |
| Amounts receivable within one year | 40/41 | €351,760 | €418,110 | +€66,349 | +18.9% |
| Trade receivables | 40 | €224,829 | €194,665 | -€30,164 | -13.4% |
| Other amounts receivable | 41 | €126,931 | €223,445 | +€96,513 | +76.0% |
| Cash at bank and in hand | 54/58 | €50,575 | €60,116 | +€9,542 | +18.9% |
| Deferred charges and accrued income | 490/1 | €13,327 | €16,817 | +€3,490 | +26.2% |
| Total equity and liabilities | 10/49 | €578,904 | €669,519 | +€90,615 | +15.7% |
| Equity | 10/15 | €333,908 | €45,191 | -€288,717 | -86.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,308 | €26,591 | -€288,717 | -91.6% |
| Tax-exempt reserves | 132 | €26,591 | €26,591 | = | 0.0% |
| Distributable reserves | 133 | €288,717 | €0 | -€288,717 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €244,995 | €624,327 | +€379,332 | +154.8% |
| Amounts payable after more than one year | 17 | €96,437 | €117,905 | +€21,469 | +22.3% |
| Financial debts | 170/4 | €96,437 | €117,905 | +€21,469 | +22.3% |
| Amounts payable within one year | 42/48 | €148,559 | €506,422 | +€357,863 | +240.9% |
| Current portion of amounts payable after more than one year | 42 | €40,071 | €39,388 | -€683 | -1.7% |
| Trade debts | 44 | €68,290 | €76,021 | +€7,732 | +11.3% |
| Suppliers | 440/4 | €68,290 | €76,021 | +€7,732 | +11.3% |
| Taxes, remuneration and social security | 45 | €39,196 | €74,890 | +€35,693 | +91.1% |
| Taxes | 450/3 | €5,983 | €36,329 | +€30,346 | +507.2% |
| Remuneration and social security | 454/9 | €33,213 | €38,560 | +€5,347 | +16.1% |
| Other amounts payable | 47/48 | €1,001 | €316,123 | +€315,122 | +31469.4% |
| Remuneration, social security and pensions | 62 | €819,126 | €662,992 | -€156,134 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,341 | €78,677 | +€7,336 | +10.3% |
| Other operating charges | 640/8 | €831 | €1,074 | +€242 | +29.2% |
| Gross operating margin | 9900 | €933,351 | €784,940 | -€148,410 | -15.9% |
| Operating profit (loss) | 9901 | €42,052 | €42,198 | +€145 | +0.3% |
| Financial income | 75/76B | €17,140 | €2,990 | -€14,150 | -82.6% |
| Recurring financial income | 75 | €4,640 | €1,050 | -€3,590 | -77.4% |
| Non-recurring financial income | 76B | €12,500 | €1,940 | -€10,560 | -84.5% |
| Financial charges | 65/66B | €3,864 | €6,635 | +€2,771 | +71.7% |
| Recurring financial charges | 65 | €3,864 | €6,635 | +€2,771 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €55,329 | €38,553 | -€16,776 | -30.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €14,223 | €11,277 | -€2,946 | -20.7% |
| Profit (loss) for the period | 9904 | €41,106 | €27,276 | -€13,830 | -33.6% |
| Transfer to tax-exempt reserves | 689 | €12,500 | €0 | -€12,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,606 | €27,276 | -€1,330 | -4.6% |
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 2 October 2026 via checked.be.