FD EXPERTISES: 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 EXPERTISES
Largest movements
- Stocks and contracts -€373,053
down €373,053 (-100.0%), from €373,053 to €0
- Receivables after one year +€300,375
new in 2025: €300,375
- Cash -€69,556
down €69,556 (-38.5%), from €180,674 to €111,118
mainly Receivables after one year (-€300,375) and Current portion of long-term debt (-€239,837)
- Receivables within one year -€22,796
down €22,796 (-19.2%), from €118,928 to €96,132
of which Trade receivables: -€48,299
- Intangible fixed assets -€9,157
down €9,157 (-15.0%), from €61,017 to €51,861
- Current portion of long-term debt -€239,837
down €239,837 (-94.4%), from €253,945 to €14,108
- Reserves +€130,000
up €130,000 (+49.4%), from €263,000 to €393,000
- Trade debts -€44,342
down €44,342 (-33.3%), from €133,064 to €88,722
- Debts after one year -€13,029
down €13,029 (-34.9%), from €37,311 to €24,282
- Staff costs +€45,788
up €45,788 (+44.0%), from €104,096 to €149,884
- Financial charges -€16,648
down €16,648 (-84.5%), from €19,694 to €3,046
- Gross operating margin +€5,615
up €5,615 (+1.7%), from €338,544 to €344,158
- Taxes -€5,495
down €5,495 (-10.9%), from €50,418 to €44,923
- Depreciation -€3,543
down €3,543 (-22.7%), from €15,630 to €12,087
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 | €737,215 | €571,080 | -€166,135 | -22.5% |
| Fixed assets | 21/28 | €64,559 | €57,249 | -€7,311 | -11.3% |
| Intangible fixed assets | 21 | €61,017 | €51,861 | -€9,157 | -15.0% |
| Tangible fixed assets | 22/27 | €3,542 | €2,388 | -€1,154 | -32.6% |
| Furniture and vehicles | 24 | €2,270 | €1,764 | -€505 | -22.3% |
| Other tangible fixed assets | 26 | €1,272 | €624 | -€649 | -51.0% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €672,656 | €513,831 | -€158,824 | -23.6% |
| Amounts receivable after more than one year | 29 | - | €300,375 | +€300,375 | |
| Other amounts receivable | 291 | - | €300,375 | +€300,375 | |
| Stocks and contracts in progress | 3 | €373,053 | €0 | -€373,053 | -100.0% |
| Stocks | 30/36 | €373,053 | €0 | -€373,053 | -100.0% |
| Amounts receivable within one year | 40/41 | €118,928 | €96,132 | -€22,796 | -19.2% |
| Trade receivables | 40 | €118,802 | €70,504 | -€48,299 | -40.7% |
| Other amounts receivable | 41 | €126 | €25,628 | +€25,502 | +20240.0% |
| Cash at bank and in hand | 54/58 | €180,674 | €111,118 | -€69,556 | -38.5% |
| Deferred charges and accrued income | 490/1 | €0 | €6,207 | +€6,207 | |
| Total equity and liabilities | 10/49 | €737,215 | €571,080 | -€166,135 | -22.5% |
| Equity | 10/15 | €273,968 | €403,281 | +€129,314 | +47.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €263,000 | €393,000 | +€130,000 | +49.4% |
| Distributable reserves | 133 | €263,000 | €393,000 | +€130,000 | +49.4% |
| Profit (loss) carried forward | 14 | €968 | €281 | -€686 | -70.9% |
| Amounts payable | 17/49 | €463,247 | €167,799 | -€295,448 | -63.8% |
| Amounts payable after more than one year | 17 | €37,311 | €24,282 | -€13,029 | -34.9% |
| Financial debts | 170/4 | €37,311 | €24,282 | -€13,029 | -34.9% |
| Amounts payable within one year | 42/48 | €424,264 | €143,517 | -€280,748 | -66.2% |
| Current portion of amounts payable after more than one year | 42 | €253,945 | €14,108 | -€239,837 | -94.4% |
| Trade debts | 44 | €133,064 | €88,722 | -€44,342 | -33.3% |
| Suppliers | 440/4 | €133,064 | €88,722 | -€44,342 | -33.3% |
| Taxes, remuneration and social security | 45 | €37,063 | €40,687 | +€3,624 | +9.8% |
| Taxes | 450/3 | €22,686 | €19,389 | -€3,297 | -14.5% |
| Remuneration and social security | 454/9 | €14,378 | €21,298 | +€6,921 | +48.1% |
| Other amounts payable | 47/48 | €192 | €0 | -€192 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,672 | €0 | -€1,672 | -100.0% |
| Non-recurring operating income | 76A | - | €18,526 | +€18,526 | |
| Remuneration, social security and pensions | 62 | €104,096 | €149,884 | +€45,788 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,630 | €12,087 | -€3,543 | -22.7% |
| Other operating charges | 640/8 | €4,676 | €6,665 | +€1,989 | +42.5% |
| Gross operating margin | 9900 | €338,544 | €344,158 | +€5,615 | +1.7% |
| Operating profit (loss) | 9901 | €214,141 | €175,521 | -€38,620 | -18.0% |
| Financial income | 75/76B | €41 | €1,761 | +€1,721 | +4235.4% |
| Recurring financial income | 75 | €41 | €1,761 | +€1,721 | +4235.4% |
| Financial charges | 65/66B | €19,694 | €3,046 | -€16,648 | -84.5% |
| Recurring financial charges | 65 | €19,694 | €3,046 | -€16,648 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €194,488 | €174,237 | -€20,251 | -10.4% |
| Income taxes | 67/77 | €50,418 | €44,923 | -€5,495 | -10.9% |
| Profit (loss) for the period | 9904 | €144,069 | €129,314 | -€14,756 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €144,069 | €129,314 | -€14,756 | -10.2% |
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 11 October 2026 via checked.be.