FD GROUP: 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 GROUP
Largest movements
- Cash +€14,605
up €14,605 (+59.4%), from €24,574 to €39,179
mainly Net result for the year (+€11,822) and Depreciation (+€2,401)
- Tangible fixed assets -€1,172
down €1,172 (-30.5%), from €3,848 to €2,676
of which Furniture and vehicles: -€1,667
- Receivables within one year -€1,042
down €1,042 (-13.8%), from €7,557 to €6,515
of which Trade receivables: -€850
- Profit (loss) carried forward +€11,822
up €11,822 (+41.8%), from €28,261 to €40,083
- Taxes +€1,927
up €1,927 (+133.4%), from €1,444 to €3,371
- Gross operating margin +€1,903
up €1,903 (+11.8%), from €16,106 to €18,009
- Depreciation +€479
up €479 (+24.9%), from €1,922 to €2,401
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 | €36,411 | €48,769 | +€12,357 | +33.9% |
| Fixed assets | 21/28 | €3,848 | €2,676 | -€1,172 | -30.5% |
| Tangible fixed assets | 22/27 | €3,848 | €2,676 | -€1,172 | -30.5% |
| Plant, machinery and equipment | 23 | €871 | €1,365 | +€494 | +56.8% |
| Furniture and vehicles | 24 | €2,977 | €1,310 | -€1,667 | -56.0% |
| Current assets | 29/58 | €32,563 | €46,093 | +€13,530 | +41.5% |
| Amounts receivable within one year | 40/41 | €7,557 | €6,515 | -€1,042 | -13.8% |
| Trade receivables | 40 | €7,051 | €6,201 | -€850 | -12.1% |
| Other amounts receivable | 41 | €507 | €314 | -€192 | -37.9% |
| Cash at bank and in hand | 54/58 | €24,574 | €39,179 | +€14,605 | +59.4% |
| Deferred charges and accrued income | 490/1 | €432 | €399 | -€33 | -7.7% |
| Total equity and liabilities | 10/49 | €36,411 | €48,769 | +€12,357 | +33.9% |
| Equity | 10/15 | €33,261 | €45,083 | +€11,822 | +35.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,261 | €40,083 | +€11,822 | +41.8% |
| Amounts payable | 17/49 | €3,150 | €3,686 | +€535 | +17.0% |
| Amounts payable within one year | 42/48 | €3,150 | €3,686 | +€535 | +17.0% |
| Trade debts | 44 | €249 | €315 | +€66 | +26.3% |
| Suppliers | 440/4 | €249 | €315 | +€66 | +26.3% |
| Taxes, remuneration and social security | 45 | €2,901 | €3,371 | +€470 | +16.2% |
| Taxes | 450/3 | €2,901 | €3,371 | +€470 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,922 | €2,401 | +€479 | +24.9% |
| Other operating charges | 640/8 | €340 | €352 | +€11 | +3.4% |
| Gross operating margin | 9900 | €16,106 | €18,009 | +€1,903 | +11.8% |
| Operating profit (loss) | 9901 | €13,843 | €15,256 | +€1,412 | +10.2% |
| Financial charges | 65/66B | €87 | €63 | -€24 | -27.5% |
| Recurring financial charges | 65 | €87 | €63 | -€24 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €13,756 | €15,193 | +€1,436 | +10.4% |
| Income taxes | 67/77 | €1,444 | €3,371 | +€1,927 | +133.4% |
| Profit (loss) for the period | 9904 | €12,312 | €11,822 | -€490 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,312 | €11,822 | -€490 | -4.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.