FD ACCOUNTING: 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.
FD ACCOUNTING
Largest movements
- Cash +€34,830
up €34,830 (+20.1%), from €173,294 to €208,124
mainly Net result for the year (+€53,717) and Depreciation (+€23,066)
- Tangible fixed assets -€23,066
down €23,066 (-28.2%), from €81,854 to €58,788
of which Furniture and vehicles: -€18,433
- Receivables within one year +€19,234
up €19,234 (+9.7%), from €197,758 to €216,993
of which Other amounts receivable: +€19,884
- Reserves +€53,717
up €53,717 (+17.3%), from €311,304 to €365,020
- Debts after one year -€16,137
down €16,137 (-35.1%), from €46,005 to €29,869
- Tax, wage and social debts -€11,370
down €11,370 (-25.1%), from €45,371 to €34,000
- Trade debts +€6,357
up €6,357 (+252%), from €2,522 to €8,879
- Gross operating margin +€11,016
up €11,016 (+11.9%), from €92,271 to €103,287
- Financial charges -€1,189
down €1,189 (-29.8%), from €3,988 to €2,799
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 | €452,906 | €483,905 | +€30,999 | +6.8% |
| Fixed assets | 21/28 | €81,854 | €58,788 | -€23,066 | -28.2% |
| Tangible fixed assets | 22/27 | €81,854 | €58,788 | -€23,066 | -28.2% |
| Furniture and vehicles | 24 | €67,772 | €49,339 | -€18,433 | -27.2% |
| Other tangible fixed assets | 26 | €14,081 | €9,448 | -€4,633 | -32.9% |
| Current assets | 29/58 | €371,052 | €425,117 | +€54,065 | +14.6% |
| Amounts receivable within one year | 40/41 | €197,758 | €216,993 | +€19,234 | +9.7% |
| Trade receivables | 40 | €19,643 | €18,993 | -€649 | -3.3% |
| Other amounts receivable | 41 | €178,116 | €197,999 | +€19,884 | +11.2% |
| Cash at bank and in hand | 54/58 | €173,294 | €208,124 | +€34,830 | +20.1% |
| Total equity and liabilities | 10/49 | €452,906 | €483,905 | +€30,999 | +6.8% |
| Equity | 10/15 | €341,304 | €395,020 | +€53,717 | +15.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €311,304 | €365,020 | +€53,717 | +17.3% |
| Distributable reserves | 133 | €311,304 | €365,020 | +€53,717 | +17.3% |
| Amounts payable | 17/49 | €111,603 | €88,885 | -€22,718 | -20.4% |
| Amounts payable after more than one year | 17 | €46,005 | €29,869 | -€16,137 | -35.1% |
| Financial debts | 170/4 | €46,005 | €29,869 | -€16,137 | -35.1% |
| Amounts payable within one year | 42/48 | €63,386 | €59,016 | -€4,370 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €15,494 | €16,137 | +€643 | +4.2% |
| Trade debts | 44 | €2,522 | €8,879 | +€6,357 | +252% |
| Suppliers | 440/4 | €2,522 | €8,879 | +€6,357 | +252% |
| Taxes, remuneration and social security | 45 | €45,371 | €34,000 | -€11,370 | -25.1% |
| Taxes | 450/3 | €45,371 | €34,000 | -€11,370 | -25.1% |
| Accrued charges and deferred income | 492/3 | €2,211 | - | -€2,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,115 | €23,066 | +€951 | +4.3% |
| Other operating charges | 640/8 | €2,924 | €3,768 | +€845 | +28.9% |
| Gross operating margin | 9900 | €92,271 | €103,287 | +€11,016 | +11.9% |
| Operating profit (loss) | 9901 | €67,232 | €76,453 | +€9,220 | +13.7% |
| Financial income | 75/76B | €2,787 | €2,682 | -€105 | -3.8% |
| Recurring financial income | 75 | €2,787 | €2,682 | -€105 | -3.8% |
| Financial charges | 65/66B | €3,988 | €2,799 | -€1,189 | -29.8% |
| Recurring financial charges | 65 | €3,988 | €2,799 | -€1,189 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €66,032 | €76,337 | +€10,305 | +15.6% |
| Income taxes | 67/77 | €23,555 | €22,620 | -€935 | -4.0% |
| Profit (loss) for the period | 9904 | €42,477 | €53,717 | +€11,240 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,477 | €53,717 | +€11,240 | +26.5% |
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 22 October 2026 via checked.be.