FD-design: 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.
FD-design
Largest movements
- Tangible fixed assets +€366,740
up €366,740 (+734.5%), from €49,934 to €416,674
of which Assets under construction and advance payments: +€370,575
- Stocks and contracts +€82,913
new in 2024: €82,913
- Receivables within one year +€75,366
up €75,366 (+61.6%), from €122,300 to €197,667
of which Trade receivables: +€86,711
- Cash +€64,713
up €64,713 (+86.5%), from €74,850 to €139,564
mainly Debts after one year (+€412,525) and Trade debts (+€100,064)
- Debts after one year +€412,525
up €412,525 (+2194.8%), from €18,796 to €431,321
- Trade debts +€100,064
up €100,064 (+248.7%), from €40,242 to €140,306
- Other debts +€78,348
up €78,348 (+11526.7%), from €680 to €79,028
- Advances received -€65,082
down €65,082 (-65.3%), from €99,698 to €34,616
- Reserves +€51,956
up €51,956 (+98.1%), from €52,981 to €104,937
- Gross operating margin +€111,901
up €111,901 (+251.1%), from €44,557 to €156,458
- Depreciation +€32,268
up €32,268 (+157.8%), from €20,448 to €52,716
- Financial charges +€17,836
up €17,836 (+683.9%), from €2,608 to €20,444
- Taxes +€14,770
up €14,770 (+222.2%), from €6,647 to €21,417
- Provisions +€5,732
up €5,732 (+238.3%), from €2,406 to €8,138
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,575 | €845,033 | +€596,457 | +240.0% |
| Fixed assets | 21/28 | €49,934 | €423,612 | +€373,679 | +748.4% |
| Tangible fixed assets | 22/27 | €49,934 | €416,674 | +€366,740 | +734.5% |
| Furniture and vehicles | 24 | €45,497 | €42,328 | -€3,169 | -7.0% |
| Other tangible fixed assets | 26 | €4,436 | €3,770 | -€666 | -15.0% |
| Assets under construction and advance payments | 27 | - | €370,575 | +€370,575 | |
| Financial fixed assets | 28 | - | €6,938 | +€6,938 | |
| Current assets | 29/58 | €198,642 | €421,421 | +€222,779 | +112.2% |
| Stocks and contracts in progress | 3 | - | €82,913 | +€82,913 | |
| Stocks | 30/36 | - | €82,913 | +€82,913 | |
| Amounts receivable within one year | 40/41 | €122,300 | €197,667 | +€75,366 | +61.6% |
| Trade receivables | 40 | €96,077 | €182,788 | +€86,711 | +90.3% |
| Other amounts receivable | 41 | €26,224 | €14,879 | -€11,345 | -43.3% |
| Cash at bank and in hand | 54/58 | €74,850 | €139,564 | +€64,713 | +86.5% |
| Deferred charges and accrued income | 490/1 | €1,491 | €1,278 | -€214 | -14.3% |
| Total equity and liabilities | 10/49 | €248,575 | €845,033 | +€596,457 | +240.0% |
| Equity | 10/15 | €53,981 | €105,937 | +€51,956 | +96.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €52,981 | €104,937 | +€51,956 | +98.1% |
| Distributable reserves | 133 | €52,981 | €104,937 | +€51,956 | +98.1% |
| Provisions and deferred taxes | 16 | €13,600 | €21,738 | +€8,138 | +59.8% |
| Provisions for liabilities and charges | 160/5 | €13,600 | €21,738 | +€8,138 | +59.8% |
| Other liabilities and charges | 164/5 | €13,600 | €21,738 | +€8,138 | +59.8% |
| Amounts payable | 17/49 | €180,994 | €717,357 | +€536,364 | +296.3% |
| Amounts payable after more than one year | 17 | €18,796 | €431,321 | +€412,525 | +2194.8% |
| Financial debts | 170/4 | €18,796 | €431,321 | +€412,525 | +2194.8% |
| Amounts payable within one year | 42/48 | €162,185 | €281,806 | +€119,622 | +73.8% |
| Current portion of amounts payable after more than one year | 42 | €16,202 | €21,445 | +€5,243 | +32.4% |
| Trade debts | 44 | €40,242 | €140,306 | +€100,064 | +248.7% |
| Suppliers | 440/4 | €40,242 | €140,306 | +€100,064 | +248.7% |
| Advances received on contracts in progress | 46 | €99,698 | €34,616 | -€65,082 | -65.3% |
| Taxes, remuneration and social security | 45 | €5,362 | €6,411 | +€1,049 | +19.6% |
| Taxes | 450/3 | €2,362 | €6,411 | +€4,049 | +171.4% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €680 | €79,028 | +€78,348 | +11526.7% |
| Accrued charges and deferred income | 492/3 | €14 | €4,231 | +€4,217 | +31167.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,448 | €52,716 | +€32,268 | +157.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,406 | €8,138 | +€5,732 | +238.3% |
| Other operating charges | 640/8 | €2,350 | €7,920 | +€5,571 | +237.1% |
| Gross operating margin | 9900 | €44,557 | €156,458 | +€111,901 | +251.1% |
| Operating profit (loss) | 9901 | €19,354 | €87,685 | +€68,330 | +353.0% |
| Financial income | 75/76B | €4,333 | €6,132 | +€1,799 | +41.5% |
| Recurring financial income | 75 | €4,333 | €6,132 | +€1,799 | +41.5% |
| Financial charges | 65/66B | €2,608 | €20,444 | +€17,836 | +683.9% |
| Recurring financial charges | 65 | €2,608 | €20,444 | +€17,836 | +683.9% |
| Profit (loss) for the period before taxes | 9903 | €21,079 | €73,373 | +€52,294 | +248.1% |
| Income taxes | 67/77 | €6,647 | €21,417 | +€14,770 | +222.2% |
| Profit (loss) for the period | 9904 | €14,432 | €51,956 | +€37,524 | +260.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,432 | €51,956 | +€37,524 | +260.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.