FD TECHNIQUES: 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 TECHNIQUES
Largest movements
- Receivables within one year -€15,840
down €15,840 (-35.4%), from €44,726 to €28,885
of which Trade receivables: -€14,427
- Tangible fixed assets -€9,325
down €9,325 (-4.6%), from €202,866 to €193,541
of which Land and buildings: -€8,264
- Debts after one year -€26,215
down €26,215 (-55.3%), from €47,444 to €21,229
- Profit (loss) carried forward +€17,728
up €17,728 (+27.5%), from -€64,516 to -€46,788
- Trade debts -€13,694
down €13,694 (-40.7%), from €33,681 to €19,987
- Other debts -€5,217
down €5,217 (-2.5%), from €208,563 to €203,346
- Current portion of long-term debt +€3,581
up €3,581 (+12.9%), from €27,787 to €31,368
- Depreciation -€4,736
down €4,736 (-33.7%), from €14,062 to €9,325
- Gross operating margin -€4,284
down €4,284 (-11.9%), from €35,981 to €31,697
- Staff costs -€685
down €685 (-92.6%), from €740 to €55
- Financial charges -€404
down €404 (-20.7%), from €1,950 to €1,546
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 | €263,864 | €239,855 | -€24,009 | -9.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €202,866 | €193,541 | -€9,325 | -4.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €202,866 | €193,541 | -€9,325 | -4.6% |
| Land and buildings | 22 | €201,327 | €193,063 | -€8,264 | -4.1% |
| Plant, machinery and equipment | 23 | €1,539 | €477 | -€1,061 | -69.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €60,998 | €46,314 | -€14,684 | -24.1% |
| Stocks and contracts in progress | 3 | €14,155 | €14,104 | -€51 | -0.4% |
| Stocks | 30/36 | €14,155 | €14,104 | -€51 | -0.4% |
| Amounts receivable within one year | 40/41 | €44,726 | €28,885 | -€15,840 | -35.4% |
| Trade receivables | 40 | €42,710 | €28,283 | -€14,427 | -33.8% |
| Other amounts receivable | 41 | €2,016 | €602 | -€1,414 | -70.1% |
| Cash at bank and in hand | 54/58 | €1,812 | €2,884 | +€1,072 | +59.1% |
| Deferred charges and accrued income | 490/1 | €304 | €441 | +€136 | +44.7% |
| Total equity and liabilities | 10/49 | €263,864 | €239,855 | -€24,009 | -9.1% |
| Equity | 10/15 | -€54,516 | -€36,788 | +€17,728 | +32.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,516 | -€46,788 | +€17,728 | +27.5% |
| Amounts payable | 17/49 | €318,380 | €276,643 | -€41,737 | -13.1% |
| Amounts payable after more than one year | 17 | €47,444 | €21,229 | -€26,215 | -55.3% |
| Financial debts | 170/4 | €47,444 | €21,229 | -€26,215 | -55.3% |
| Amounts payable within one year | 42/48 | €270,911 | €255,389 | -€15,522 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €27,787 | €31,368 | +€3,581 | +12.9% |
| Trade debts | 44 | €33,681 | €19,987 | -€13,694 | -40.7% |
| Suppliers | 440/4 | €33,681 | €19,987 | -€13,694 | -40.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €881 | €688 | -€193 | -21.9% |
| Taxes | 450/3 | €881 | €688 | -€193 | -21.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €208,563 | €203,346 | -€5,217 | -2.5% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €740 | €55 | -€685 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,062 | €9,325 | -€4,736 | -33.7% |
| Other operating charges | 640/8 | €3,304 | €3,406 | +€102 | +3.1% |
| Non-recurring operating charges | 66A | €370 | - | -€370 | |
| Gross operating margin | 9900 | €35,981 | €31,697 | -€4,284 | -11.9% |
| Operating profit (loss) | 9901 | €17,506 | €18,911 | +€1,405 | +8.0% |
| Financial income | 75/76B | €236 | €363 | +€127 | +54.0% |
| Recurring financial income | 75 | €236 | €363 | +€127 | +54.0% |
| Financial charges | 65/66B | €1,950 | €1,546 | -€404 | -20.7% |
| Recurring financial charges | 65 | €1,950 | €1,546 | -€404 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €15,792 | €17,728 | +€1,936 | +12.3% |
| Profit (loss) for the period | 9904 | €15,792 | €17,728 | +€1,936 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,792 | €17,728 | +€1,936 | +12.3% |
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 29 September 2026 via checked.be.