FD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€17,030
down €17,030 (-4.6%), from €371,818 to €354,788
- Profit (loss) carried forward -€29,760
down €29,760 (-38.5%), from -€77,202 to -€106,962
- Current portion of long-term debt -€25,549
no longer reported in 2024 (was €25,549)
- Debts after one year +€21,734
up €21,734 (+8.8%), from €246,539 to €268,274
- Other debts +€17,460
up €17,460 (+12.4%), from €140,994 to €158,454
- Other operating charges +€3,834
new in 2024: €3,834
- Gross operating margin +€3,410
up €3,410 (+189.9%), from €1,796 to €5,206
- Financial charges +€89
up €89 (+0.6%), from €14,013 to €14,102
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 | €372,014 | €355,149 | -€16,865 | -4.5% |
| Fixed assets | 21/28 | €371,818 | €354,788 | -€17,030 | -4.6% |
| Tangible fixed assets | 22/27 | €371,818 | €354,788 | -€17,030 | -4.6% |
| Land and buildings | 22 | €371,818 | €354,788 | -€17,030 | -4.6% |
| Current assets | 29/58 | €196 | €361 | +€165 | +84.2% |
| Cash at bank and in hand | 54/58 | €55 | €18 | -€37 | -67.4% |
| Deferred charges and accrued income | 490/1 | €141 | €343 | +€202 | +143.3% |
| Total equity and liabilities | 10/49 | €372,014 | €355,149 | -€16,865 | -4.5% |
| Equity | 10/15 | -€56,742 | -€86,502 | -€29,760 | -52.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€77,202 | -€106,962 | -€29,760 | -38.5% |
| Amounts payable | 17/49 | €428,756 | €441,651 | +€12,896 | +3.0% |
| Amounts payable after more than one year | 17 | €246,539 | €268,274 | +€21,734 | +8.8% |
| Financial debts | 170/4 | €246,539 | €268,274 | +€21,734 | +8.8% |
| Amounts payable within one year | 42/48 | €181,406 | €173,120 | -€8,286 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €25,549 | - | -€25,549 | |
| Financial debts | 43 | €9,799 | €9,605 | -€194 | -2.0% |
| Credit institutions | 430/8 | €9,799 | €9,605 | -€194 | -2.0% |
| Trade debts | 44 | €5,063 | €5,060 | -€3 | 0.0% |
| Suppliers | 440/4 | €5,063 | €5,060 | -€3 | 0.0% |
| Other amounts payable | 47/48 | €140,994 | €158,454 | +€17,460 | +12.4% |
| Accrued charges and deferred income | 492/3 | €810 | €258 | -€553 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,030 | €17,030 | = | 0.0% |
| Other operating charges | 640/8 | - | €3,834 | +€3,834 | |
| Gross operating margin | 9900 | €1,796 | €5,206 | +€3,410 | +189.9% |
| Operating profit (loss) | 9901 | -€15,234 | -€15,658 | -€424 | -2.8% |
| Financial charges | 65/66B | €14,013 | €14,102 | +€89 | +0.6% |
| Recurring financial charges | 65 | €14,013 | €14,102 | +€89 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,248 | -€29,760 | -€513 | -1.8% |
| Profit (loss) for the period | 9904 | -€29,248 | -€29,760 | -€513 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,248 | -€29,760 | -€513 | -1.8% |
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 3 October 2026 via checked.be.