FCDRS: 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.
FCDRS
Largest movements
- Cash -€99,846
down €99,846 (-100.0%), from €99,846 to €0
mainly Other debts (-€99,642) and Trade debts (-€3,208)
- Receivables within one year -€3,006
down €3,006 (-19.4%), from €15,495 to €12,489
of which Trade receivables: -€2,977
- Other debts -€99,642
down €99,642 (-90.6%), from €109,952 to €10,310
- Trade debts -€3,208
down €3,208 (-100.0%), from €3,208 to €0
- Financial charges +€89
up €89 (+151.8%), from €59 to €147
- Other operating charges +€49
up €49 (+10.8%), from €457 to €506
- Taxes -€39
down €39 (-100.0%), from €39 to €0
- Gross operating margin -€17
down €17 (-2.5%), from €670 to €654
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 | €115,340 | €12,489 | -€102,852 | -89.2% |
| Current assets | 29/58 | €115,340 | €12,489 | -€102,852 | -89.2% |
| Amounts receivable within one year | 40/41 | €15,495 | €12,489 | -€3,006 | -19.4% |
| Trade receivables | 40 | €5,300 | €2,323 | -€2,977 | -56.2% |
| Other amounts receivable | 41 | €10,195 | €10,166 | -€29 | -0.3% |
| Cash at bank and in hand | 54/58 | €99,846 | €0 | -€99,846 | -100.0% |
| Total equity and liabilities | 10/49 | €115,340 | €12,489 | -€102,852 | -89.2% |
| Equity | 10/15 | €2,121 | €2,121 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €121 | €121 | = | 0.0% |
| Distributable reserves | 133 | €121 | €121 | = | 0.0% |
| Amounts payable | 17/49 | €113,219 | €10,368 | -€102,852 | -90.8% |
| Amounts payable within one year | 42/48 | €113,219 | €10,368 | -€102,852 | -90.8% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €3,208 | €0 | -€3,208 | -100.0% |
| Suppliers | 440/4 | €3,208 | €0 | -€3,208 | -100.0% |
| Taxes, remuneration and social security | 45 | €59 | €45 | -€14 | -24.0% |
| Taxes | 450/3 | €59 | €45 | -€14 | -24.0% |
| Other amounts payable | 47/48 | €109,952 | €10,310 | -€99,642 | -90.6% |
| Other operating charges | 640/8 | €457 | €506 | +€49 | +10.8% |
| Gross operating margin | 9900 | €670 | €654 | -€17 | -2.5% |
| Operating profit (loss) | 9901 | €213 | €147 | -€66 | -30.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €59 | €147 | +€89 | +151.8% |
| Recurring financial charges | 65 | €59 | €147 | +€89 | +151.8% |
| Profit (loss) for the period before taxes | 9903 | €160 | €0 | -€160 | -100.0% |
| Income taxes | 67/77 | €39 | €0 | -€39 | -100.0% |
| Profit (loss) for the period | 9904 | €121 | €0 | -€121 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121 | €0 | -€121 | -100.0% |
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 9 October 2026 via checked.be.