F.DG: 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.DG
Largest movements
- Tangible fixed assets +€217,607
up €217,607 (+1047.0%), from €20,783 to €238,390
of which Other tangible fixed assets: +€135,765
- Receivables within one year +€105,565
up €105,565 (+473.2%), from €22,306 to €127,871
of which Trade receivables: +€94,027
- Cash +€6,803
up €6,803 (+29.7%), from €22,933 to €29,736
mainly Debts after one year (+€155,000) and Other debts (+€99,086)
- Deferred charges and accrued income +€6,704
up €6,704 (+289.7%), from €2,314 to €9,018
- Debts after one year +€155,000
new in 2025: €155,000
- Other debts +€99,086
up €99,086 (+1055.2%), from €9,390 to €108,477
- Trade debts +€66,489
up €66,489 (+383.7%), from €17,331 to €83,820
- Current portion of long-term debt +€19,231
up €19,231 (+2501.7%), from €769 to €20,000
- Tax, wage and social debts -€8,766
no longer reported in 2025 (was €8,766)
of which Remuneration and social security: -€8,073
- Gross operating margin +€18,736
up €18,736 (+13.6%), from €137,504 to €156,241
- Staff costs +€15,520
up €15,520 (+13.3%), from €116,332 to €131,851
- Depreciation +€6,217
up €6,217 (+44.1%), from €14,103 to €20,320
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 | €68,337 | €405,015 | +€336,678 | +492.7% |
| Fixed assets | 21/28 | €20,783 | €238,390 | +€217,607 | +1047.0% |
| Tangible fixed assets | 22/27 | €20,783 | €238,390 | +€217,607 | +1047.0% |
| Land and buildings | 22 | €1,602 | €5,543 | +€3,941 | +245.9% |
| Plant, machinery and equipment | 23 | €3,305 | €2,733 | -€571 | -17.3% |
| Furniture and vehicles | 24 | €3,137 | €76,361 | +€73,224 | +2334.1% |
| Leasing and similar rights | 25 | €3,892 | €9,140 | +€5,248 | +134.9% |
| Other tangible fixed assets | 26 | €8,847 | €144,612 | +€135,765 | +1534.6% |
| Current assets | 29/58 | €47,554 | €166,625 | +€119,072 | +250.4% |
| Amounts receivable within one year | 40/41 | €22,306 | €127,871 | +€105,565 | +473.2% |
| Trade receivables | 40 | €18,761 | €112,789 | +€94,027 | +501.2% |
| Other amounts receivable | 41 | €3,545 | €15,082 | +€11,537 | +325.4% |
| Cash at bank and in hand | 54/58 | €22,933 | €29,736 | +€6,803 | +29.7% |
| Deferred charges and accrued income | 490/1 | €2,314 | €9,018 | +€6,704 | +289.7% |
| Total equity and liabilities | 10/49 | €68,337 | €405,015 | +€336,678 | +492.7% |
| Equity | 10/15 | €32,081 | €31,574 | -€507 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €949 | €949 | = | 0.0% |
| Non-distributable reserves | 130/1 | €949 | €949 | = | 0.0% |
| Legal reserve | 130 | €949 | €949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,532 | €12,025 | -€507 | -4.0% |
| Amounts payable | 17/49 | €36,256 | €373,441 | +€337,185 | +930.0% |
| Amounts payable after more than one year | 17 | - | €155,000 | +€155,000 | |
| Financial debts | 170/4 | - | €155,000 | +€155,000 | |
| Amounts payable within one year | 42/48 | €36,256 | €212,296 | +€176,041 | +485.6% |
| Current portion of amounts payable after more than one year | 42 | €769 | €20,000 | +€19,231 | +2501.7% |
| Trade debts | 44 | €17,331 | €83,820 | +€66,489 | +383.7% |
| Suppliers | 440/4 | €17,331 | €83,820 | +€66,489 | +383.7% |
| Taxes, remuneration and social security | 45 | €8,766 | - | -€8,766 | |
| Taxes | 450/3 | €693 | - | -€693 | |
| Remuneration and social security | 454/9 | €8,073 | - | -€8,073 | |
| Other amounts payable | 47/48 | €9,390 | €108,477 | +€99,086 | +1055.2% |
| Accrued charges and deferred income | 492/3 | - | €6,145 | +€6,145 | |
| Remuneration, social security and pensions | 62 | €116,332 | €131,851 | +€15,520 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,103 | €20,320 | +€6,217 | +44.1% |
| Other operating charges | 640/8 | €2,335 | €1,547 | -€788 | -33.7% |
| Gross operating margin | 9900 | €137,504 | €156,241 | +€18,736 | +13.6% |
| Operating profit (loss) | 9901 | €4,734 | €2,522 | -€2,212 | -46.7% |
| Financial income | 75/76B | - | €112 | +€112 | |
| Recurring financial income | 75 | - | €112 | +€112 | |
| Financial charges | 65/66B | €3,228 | €3,141 | -€87 | -2.7% |
| Recurring financial charges | 65 | €3,228 | €3,141 | -€87 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €1,506 | -€507 | -€2,013 | |
| Profit (loss) for the period | 9904 | €1,506 | -€507 | -€2,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,506 | -€507 | -€2,013 |
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 5 October 2026 via checked.be.