F.D.W. Trans: 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.W. Trans
Largest movements
- Current investments +€35,177
up €35,177 (+35.7%), from €98,660 to €133,837
- Tangible fixed assets -€31,942
down €31,942 (-20.3%), from €157,377 to €125,434
of which Furniture and vehicles: -€22,402
- Receivables within one year +€18,653
up €18,653 (+74.0%), from €25,197 to €43,849
- Cash +€16,740
up €16,740 (+24.1%), from €69,384 to €86,124
mainly Net result for the year (+€52,551) and Other debts (+€37,003)
- Other debts +€37,003
up €37,003 (+83.6%), from €44,278 to €81,281
- Debts after one year -€12,528
down €12,528 (-17.8%), from €70,525 to €57,998
- Reserves +€11,500
up €11,500 (+7.3%), from €158,564 to €170,064
of which Distributable reserves: +€11,500
- Gross operating margin +€26,312
up €26,312 (+33.9%), from €77,619 to €103,931
- Financial income +€12,818
up €12,818 (+577%), from €2,221 to €15,039
- Taxes +€12,747
up €12,747 (+105%), from €12,144 to €24,890
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 | €351,279 | €389,916 | +€38,637 | +11.0% |
| Fixed assets | 21/28 | €157,512 | €125,569 | -€31,942 | -20.3% |
| Tangible fixed assets | 22/27 | €157,377 | €125,434 | -€31,942 | -20.3% |
| Land and buildings | 22 | €121,160 | €112,355 | -€8,805 | -7.3% |
| Plant, machinery and equipment | 23 | €736 | €0 | -€736 | -100.0% |
| Furniture and vehicles | 24 | €35,481 | €13,079 | -€22,402 | -63.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €193,767 | €264,346 | +€70,580 | +36.4% |
| Amounts receivable within one year | 40/41 | €25,197 | €43,849 | +€18,653 | +74.0% |
| Trade receivables | 40 | €25,197 | €43,849 | +€18,653 | +74.0% |
| Current investments | 50/53 | €98,660 | €133,837 | +€35,177 | +35.7% |
| Cash at bank and in hand | 54/58 | €69,384 | €86,124 | +€16,740 | +24.1% |
| Deferred charges and accrued income | 490/1 | €526 | €535 | +€9 | +1.8% |
| Total equity and liabilities | 10/49 | €351,279 | €389,916 | +€38,637 | +11.0% |
| Equity | 10/15 | €186,389 | €197,939 | +€11,551 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,564 | €170,064 | +€11,500 | +7.3% |
| Tax-exempt reserves | 132 | €37,274 | €37,274 | = | 0.0% |
| Distributable reserves | 133 | €121,290 | €132,790 | +€11,500 | +9.5% |
| Profit (loss) carried forward | 14 | €9,224 | €9,275 | +€51 | +0.6% |
| Amounts payable | 17/49 | €164,890 | €191,976 | +€27,086 | +16.4% |
| Amounts payable after more than one year | 17 | €70,525 | €57,998 | -€12,528 | -17.8% |
| Financial debts | 170/4 | €70,525 | €57,998 | -€12,528 | -17.8% |
| Amounts payable within one year | 42/48 | €90,005 | €128,949 | +€38,944 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €11,931 | €12,528 | +€597 | +5.0% |
| Trade debts | 44 | €9,510 | €10,743 | +€1,233 | +13.0% |
| Suppliers | 440/4 | €9,510 | €10,743 | +€1,233 | +13.0% |
| Taxes, remuneration and social security | 45 | €24,286 | €24,397 | +€111 | +0.5% |
| Taxes | 450/3 | €24,286 | €24,397 | +€111 | +0.5% |
| Other amounts payable | 47/48 | €44,278 | €81,281 | +€37,003 | +83.6% |
| Accrued charges and deferred income | 492/3 | €4,360 | €5,030 | +€670 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,197 | €31,942 | -€254 | -0.8% |
| Other operating charges | 640/8 | €2,487 | €2,360 | -€127 | -5.1% |
| Gross operating margin | 9900 | €77,619 | €103,931 | +€26,312 | +33.9% |
| Operating profit (loss) | 9901 | €42,935 | €69,628 | +€26,693 | +62.2% |
| Financial income | 75/76B | €2,221 | €15,039 | +€12,818 | +577% |
| Recurring financial income | 75 | €2,221 | €15,039 | +€12,818 | +577% |
| Financial charges | 65/66B | €7,050 | €7,227 | +€177 | +2.5% |
| Recurring financial charges | 65 | €7,050 | €7,227 | +€177 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €38,106 | €77,441 | +€39,335 | +103% |
| Income taxes | 67/77 | €12,144 | €24,890 | +€12,747 | +105% |
| Profit (loss) for the period | 9904 | €25,963 | €52,551 | +€26,588 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €25,963 | €52,551 | +€26,588 | +102% |
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 25 October 2026 via checked.be.