FD CONCEPT: 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 CONCEPT
Largest movements
- Cash +€63,812
up €63,812 (+175.5%), from €36,352 to €100,164
mainly Tax, wage and social debts (+€31,393) and Stocks and contracts (+€13,999)
- Stocks and contracts -€13,999
down €13,999 (-13.3%), from €105,258 to €91,259
of which Contracts in progress: -€74,587
- Tangible fixed assets -€11,733
down €11,733 (-58.8%), from €19,953 to €8,219
- Tax, wage and social debts +€31,393
up €31,393 (+144.7%), from €21,697 to €53,090
of which Remuneration and social security: +€30,708
- Trade debts +€10,663
up €10,663 (+13.3%), from €79,934 to €90,598
- Reserves -€2,920
down €2,920 (-2.2%), from €132,000 to €129,080
- Gross operating margin +€48,905
up €48,905 (+18.3%), from €267,511 to €316,416
- Staff costs +€37,935
up €37,935 (+14.8%), from €255,890 to €293,825
- Financial charges +€14,707
up €14,707 (+1096.3%), from €1,342 to €16,048
of which Financial charges: +€14,420
- Depreciation -€10,722
down €10,722 (-86.4%), from €12,403 to €1,681
- Other operating charges +€3,609
up €3,609 (+89.1%), from €4,050 to €7,658
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 | €241,960 | €277,768 | +€35,807 | +14.8% |
| Fixed assets | 21/28 | €20,777 | €9,043 | -€11,733 | -56.5% |
| Tangible fixed assets | 22/27 | €19,953 | €8,219 | -€11,733 | -58.8% |
| Furniture and vehicles | 24 | €19,953 | €8,219 | -€11,733 | -58.8% |
| Financial fixed assets | 28 | €824 | €824 | = | 0.0% |
| Current assets | 29/58 | €221,184 | €268,724 | +€47,540 | +21.5% |
| Amounts receivable after more than one year | 29 | €26,000 | €26,260 | +€260 | +1.0% |
| Other amounts receivable | 291 | €26,000 | €26,260 | +€260 | +1.0% |
| Stocks and contracts in progress | 3 | €105,258 | €91,259 | -€13,999 | -13.3% |
| Stocks | 30/36 | €11,672 | €72,259 | +€60,588 | +519.1% |
| Contracts in progress | 37 | €93,587 | €19,000 | -€74,587 | -79.7% |
| Amounts receivable within one year | 40/41 | €52,329 | €50,652 | -€1,677 | -3.2% |
| Trade receivables | 40 | €38,704 | €8,215 | -€30,489 | -78.8% |
| Other amounts receivable | 41 | €13,625 | €42,438 | +€28,813 | +211.5% |
| Cash at bank and in hand | 54/58 | €36,352 | €100,164 | +€63,812 | +175.5% |
| Deferred charges and accrued income | 490/1 | €1,245 | €388 | -€857 | -68.8% |
| Total equity and liabilities | 10/49 | €241,960 | €277,768 | +€35,807 | +14.8% |
| Equity | 10/15 | €137,280 | €134,080 | -€3,200 | -2.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €132,000 | €129,080 | -€2,920 | -2.2% |
| Distributable reserves | 133 | €132,000 | €129,080 | -€2,920 | -2.2% |
| Profit (loss) carried forward | 14 | €280 | - | -€280 | |
| Amounts payable | 17/49 | €104,681 | €143,688 | +€39,007 | +37.3% |
| Amounts payable within one year | 42/48 | €102,131 | €143,688 | +€41,557 | +40.7% |
| Trade debts | 44 | €79,934 | €90,598 | +€10,663 | +13.3% |
| Suppliers | 440/4 | €79,934 | €90,598 | +€10,663 | +13.3% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €21,697 | €53,090 | +€31,393 | +144.7% |
| Taxes | 450/3 | €642 | €1,327 | +€685 | +106.8% |
| Remuneration and social security | 454/9 | €21,055 | €51,763 | +€30,708 | +145.8% |
| Accrued charges and deferred income | 492/3 | €2,550 | - | -€2,550 | |
| Remuneration, social security and pensions | 62 | €255,890 | €293,825 | +€37,935 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,403 | €1,681 | -€10,722 | -86.4% |
| Other operating charges | 640/8 | €4,050 | €7,658 | +€3,609 | +89.1% |
| Gross operating margin | 9900 | €267,511 | €316,416 | +€48,905 | +18.3% |
| Operating profit (loss) | 9901 | -€4,832 | €13,252 | +€18,084 | |
| Financial income | 75/76B | €272 | €10 | -€262 | -96.4% |
| Recurring financial income | 75 | €272 | €10 | -€262 | -96.4% |
| Financial charges | 65/66B | €1,342 | €16,048 | +€14,707 | +1096.3% |
| Recurring financial charges | 65 | €1,342 | €15,762 | +€14,420 | +1074.9% |
| Non-recurring financial charges | 66B | - | €287 | +€287 | |
| Profit (loss) for the period before taxes | 9903 | -€5,901 | -€2,786 | +€3,115 | +52.8% |
| Income taxes | 67/77 | €221 | €413 | +€193 | +87.3% |
| Profit (loss) for the period | 9904 | -€6,122 | -€3,200 | +€2,922 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,122 | -€3,200 | +€2,922 | +47.7% |
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 12 October 2026 via checked.be.