FCD Invest: 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.
FCD Invest
Largest movements
- Financial fixed assets +€268,951
up €268,951 (+19.4%), from €1.4m to €1.7m
- Current investments -€264,544
down €264,544 (-20.9%), from €1.3m to €1.0m
- Cash +€174,056
up €174,056 (+346%), from €50,290 to €224,345
mainly Current investments (+€264,544) and Net result for the year (+€198,600)
- Reserves +€198,600
up €198,600 (+85.0%), from €233,691 to €432,291
- Financial income -€30,280
down €30,280 (-7.8%), from €390,417 to €360,137
- Financial charges +€18,783
up €18,783 (+185%), from €10,154 to €28,937
- Taxes -€14,879
down €14,879 (-12.7%), from €116,945 to €102,067
- Write-downs +€836
up €836 (+3.3%), from €25,506 to €26,342
- Other operating charges +€76
up €76 (+14.4%), from €528 to €604
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 | €2,706,962 | €2,885,425 | +€178,463 | +6.6% |
| Fixed assets | 21/28 | €1,389,470 | €1,658,420 | +€268,951 | +19.4% |
| Financial fixed assets | 28 | €1,389,470 | €1,658,420 | +€268,951 | +19.4% |
| Current assets | 29/58 | €1,317,492 | €1,227,004 | -€90,488 | -6.9% |
| Current investments | 50/53 | €1,267,202 | €1,002,659 | -€264,544 | -20.9% |
| Cash at bank and in hand | 54/58 | €50,290 | €224,345 | +€174,056 | +346% |
| Total equity and liabilities | 10/49 | €2,706,962 | €2,885,425 | +€178,463 | +6.6% |
| Equity | 10/15 | €899,607 | €1,098,207 | +€198,600 | +22.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €233,691 | €432,291 | +€198,600 | +85.0% |
| Distributable reserves | 133 | €233,691 | €432,291 | +€198,600 | +85.0% |
| Profit (loss) carried forward | 14 | €165,916 | €165,916 | = | 0.0% |
| Amounts payable | 17/49 | €1,807,355 | €1,787,218 | -€20,137 | -1.1% |
| Amounts payable within one year | 42/48 | €1,806,605 | €1,786,468 | -€20,137 | -1.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €116,945 | €88,676 | -€28,269 | -24.2% |
| Taxes | 450/3 | €116,945 | €88,676 | -€28,269 | -24.2% |
| Other amounts payable | 47/48 | €1,689,660 | €1,697,792 | +€8,132 | +0.5% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,506 | €26,342 | +€836 | +3.3% |
| Other operating charges | 640/8 | €528 | €604 | +€76 | +14.4% |
| Gross operating margin | 9900 | -€3,593 | -€3,588 | +€5 | +0.1% |
| Operating profit (loss) | 9901 | -€29,627 | -€30,534 | -€907 | -3.1% |
| Financial income | 75/76B | €390,417 | €360,137 | -€30,280 | -7.8% |
| Recurring financial income | 75 | €390,417 | €360,137 | -€30,280 | -7.8% |
| Financial charges | 65/66B | €10,154 | €28,937 | +€18,783 | +185% |
| Recurring financial charges | 65 | €10,154 | €28,937 | +€18,783 | +185% |
| Profit (loss) for the period before taxes | 9903 | €350,636 | €300,667 | -€49,970 | -14.3% |
| Income taxes | 67/77 | €116,945 | €102,067 | -€14,879 | -12.7% |
| Profit (loss) for the period | 9904 | €233,691 | €198,600 | -€35,091 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €233,691 | €198,600 | -€35,091 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.