FD&L HOLDING: 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&L HOLDING
Largest movements
- Receivables within one year -€445,866
down €445,866 (-85.3%), from €522,500 to €76,634
of which Other amounts receivable: -€442,500
- Trade debts -€274,393
down €274,393 (-99.6%), from €275,526 to €1,132
- Financial income -€2.8m
down €2.8m (-96.6%), from €2.9m to €100,000
- Gross operating margin +€178,465
up €178,465 (+212%), from €84,265 to €262,730
- Financial charges -€159,046
down €159,046 (-50.9%), from €312,507 to €153,462
- Write-downs +€14,800
new in 2025: €14,800
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
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 | €13,046,134 | €12,608,765 | -€437,369 | -3.4% |
| Fixed assets | 21/28 | €12,500,033 | €12,500,033 | = | 0.0% |
| Financial fixed assets | 28 | €12,500,033 | €12,500,033 | = | 0.0% |
| Current assets | 29/58 | €546,100 | €108,731 | -€437,369 | -80.1% |
| Amounts receivable within one year | 40/41 | €522,500 | €76,634 | -€445,866 | -85.3% |
| Trade receivables | 40 | €80,000 | €76,634 | -€3,366 | -4.2% |
| Other amounts receivable | 41 | €442,500 | - | -€442,500 | |
| Cash at bank and in hand | 54/58 | €23,600 | €32,097 | +€8,497 | +36.0% |
| Total equity and liabilities | 10/49 | €13,046,134 | €12,608,765 | -€437,369 | -3.4% |
| Equity | 10/15 | €9,213,019 | €9,157,367 | -€55,652 | -0.6% |
| Contributions | 10/11 | €6,541,700 | €6,541,700 | = | 0.0% |
| Reserves | 13 | €2,671,319 | €2,615,667 | -€55,652 | -2.1% |
| Distributable reserves | 133 | €2,671,319 | €2,615,667 | -€55,652 | -2.1% |
| Amounts payable | 17/49 | €3,833,115 | €3,451,398 | -€381,717 | -10.0% |
| Amounts payable within one year | 42/48 | €3,833,115 | €3,451,357 | -€381,758 | -10.0% |
| Trade debts | 44 | €275,526 | €1,132 | -€274,393 | -99.6% |
| Suppliers | 440/4 | €275,526 | €1,132 | -€274,393 | -99.6% |
| Taxes, remuneration and social security | 45 | €5,089 | €225 | -€4,864 | -95.6% |
| Taxes | 450/3 | €5,089 | €225 | -€4,864 | -95.6% |
| Other amounts payable | 47/48 | €3,552,500 | €3,450,000 | -€102,500 | -2.9% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,800 | +€14,800 | |
| Other operating charges | 640/8 | €439 | €120 | -€319 | -72.7% |
| Gross operating margin | 9900 | €84,265 | €262,730 | +€178,465 | +212% |
| Operating profit (loss) | 9901 | €83,826 | €247,810 | +€163,984 | +196% |
| Financial income | 75/76B | €2,900,000 | €100,000 | -€2.8m | -96.6% |
| Recurring financial income | 75 | €2,900,000 | €100,000 | -€2.8m | -96.6% |
| Financial charges | 65/66B | €312,507 | €153,462 | -€159,046 | -50.9% |
| Recurring financial charges | 65 | €312,507 | €153,462 | -€159,046 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €2,671,319 | €194,348 | -€2.5m | -92.7% |
| Profit (loss) for the period | 9904 | €2,671,319 | €194,348 | -€2.5m | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,671,319 | €194,348 | -€2.5m | -92.7% |
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 25 October 2026 via checked.be.