FD DEVELOPPEMENT: 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 DEVELOPPEMENT
Largest movements
- Deferred charges and accrued income +€57,730
up €57,730 (+22,826%), from €253 to €57,983
- Receivables within one year -€2,374
down €2,374 (-2.1%), from €113,987 to €111,614
of which Other amounts receivable: -€2,774
- Tax, wage and social debts +€63,906
up €63,906 (+49.0%), from €130,425 to €194,331
of which Taxes: +€114,919
- Profit (loss) carried forward -€18,075
down €18,075 (-18.1%), from -€99,866 to -€117,941
- Trade debts +€6,449
up €6,449 (+22.9%), from €28,113 to €34,562
- Gross operating margin -€45,755
down €45,755 (-30.0%), from €152,593 to €106,838
- Other operating charges -€5,526
down €5,526 (-64.2%), from €8,611 to €3,084
- Staff costs -€3,926
down €3,926 (-3.3%), from €119,850 to €115,924
- Financial charges +€3,045
up €3,045 (+123%), from €2,480 to €5,525
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,423 | €172,378 | +€54,955 | +46.8% |
| Fixed assets | 21/28 | €683 | €281 | -€402 | -58.8% |
| Tangible fixed assets | 22/27 | €683 | €281 | -€402 | -58.8% |
| Plant, machinery and equipment | 23 | €683 | €281 | -€402 | -58.8% |
| Current assets | 29/58 | €116,740 | €172,097 | +€55,357 | +47.4% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,987 | €111,614 | -€2,374 | -2.1% |
| Trade receivables | 40 | €633 | €1,033 | +€400 | +63.2% |
| Other amounts receivable | 41 | €113,354 | €110,580 | -€2,774 | -2.4% |
| Deferred charges and accrued income | 490/1 | €253 | €57,983 | +€57,730 | +22,826% |
| Total equity and liabilities | 10/49 | €117,423 | €172,378 | +€54,955 | +46.8% |
| Equity | 10/15 | -€59,693 | -€77,368 | -€17,675 | -29.6% |
| Contributions | 10/11 | €18,200 | €18,600 | +€400 | +2.2% |
| Reserves | 13 | €21,973 | €21,973 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,113 | €20,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,866 | -€117,941 | -€18,075 | -18.1% |
| Amounts payable | 17/49 | €177,116 | €249,746 | +€72,630 | +41.0% |
| Amounts payable within one year | 42/48 | €177,116 | €249,746 | +€72,630 | +41.0% |
| Financial debts | 43 | €5,873 | €6,863 | +€990 | +16.9% |
| Credit institutions | 430/8 | €5,873 | €6,863 | +€990 | +16.9% |
| Trade debts | 44 | €28,113 | €34,562 | +€6,449 | +22.9% |
| Suppliers | 440/4 | €28,113 | €34,562 | +€6,449 | +22.9% |
| Taxes, remuneration and social security | 45 | €130,425 | €194,331 | +€63,906 | +49.0% |
| Taxes | 450/3 | €59,821 | €174,740 | +€114,919 | +192% |
| Remuneration and social security | 454/9 | €70,604 | €19,591 | -€51,013 | -72.3% |
| Other amounts payable | 47/48 | €12,705 | €13,990 | +€1,285 | +10.1% |
| Non-recurring operating income | 76A | €1,730 | - | -€1,730 | |
| Remuneration, social security and pensions | 62 | €119,850 | €115,924 | -€3,926 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | €402 | = | 0.0% |
| Other operating charges | 640/8 | €8,611 | €3,084 | -€5,526 | -64.2% |
| Non-recurring operating charges | 66A | €796 | - | -€796 | |
| Gross operating margin | 9900 | €152,593 | €106,838 | -€45,755 | -30.0% |
| Operating profit (loss) | 9901 | €22,935 | -€12,572 | -€35,507 | |
| Financial income | 75/76B | €131 | €21 | -€109 | -83.8% |
| Recurring financial income | 75 | €131 | €21 | -€109 | -83.8% |
| Financial charges | 65/66B | €2,480 | €5,525 | +€3,045 | +123% |
| Recurring financial charges | 65 | €2,480 | €5,525 | +€3,045 | +123% |
| Profit (loss) for the period before taxes | 9903 | €20,586 | -€18,075 | -€38,661 | |
| Income taxes | 67/77 | €179 | - | -€179 | |
| Profit (loss) for the period | 9904 | €20,407 | -€18,075 | -€38,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,407 | -€18,075 | -€38,482 |
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 15 October 2026 via checked.be.