FDAB: 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.
FDAB
Largest movements
- Receivables within one year +€67,917
up €67,917 (+182.0%), from €37,322 to €105,239
of which Trade receivables: +€77,917
- Cash -€50,531
down €50,531 (-21.6%), from €233,619 to €183,089
mainly Receivables within one year (-€67,917) and Current portion of long-term debt (-€24,327)
- Tangible fixed assets -€19,464
down €19,464 (-25.9%), from €75,268 to €55,804
of which Furniture and vehicles: -€17,864
- Reserves +€47,311
up €47,311 (+38.3%), from €123,583 to €170,894
- Current portion of long-term debt -€24,327
down €24,327 (-41.6%), from €58,515 to €34,188
- Tax, wage and social debts -€14,713
down €14,713 (-36.4%), from €40,409 to €25,697
- Trade debts -€6,470
down €6,470 (-29.6%), from €21,866 to €15,396
- Other debts -€3,880
down €3,880 (-35.8%), from €10,828 to €6,948
- Turnover +€1.3m
new in 2025: €1.3m
- Purchases and services +€872,710
new in 2025: €872,710
- Other operating charges -€446,080
down €446,080 (-97.3%), from €458,352 to €12,272
- Gross operating margin -€354,924
down €354,924 (-45.3%), from €784,358 to €429,435
- Staff costs +€107,084
up €107,084 (+46.7%), from €229,466 to €336,549
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 | €346,484 | €344,406 | -€2,078 | -0.6% |
| Fixed assets | 21/28 | €75,543 | €56,079 | -€19,464 | -25.8% |
| Tangible fixed assets | 22/27 | €75,268 | €55,804 | -€19,464 | -25.9% |
| Plant, machinery and equipment | 23 | €3,516 | €1,916 | -€1,600 | -45.5% |
| Furniture and vehicles | 24 | €71,753 | €53,889 | -€17,864 | -24.9% |
| Financial fixed assets | 28 | €274 | €274 | = | 0.0% |
| Current assets | 29/58 | €270,941 | €288,327 | +€17,386 | +6.4% |
| Amounts receivable within one year | 40/41 | €37,322 | €105,239 | +€67,917 | +182.0% |
| Trade receivables | 40 | €27,322 | €105,239 | +€77,917 | +285.2% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €233,619 | €183,089 | -€50,531 | -21.6% |
| Total equity and liabilities | 10/49 | €346,484 | €344,406 | -€2,078 | -0.6% |
| Equity | 10/15 | €210,974 | €258,285 | +€47,311 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €123,583 | €170,894 | +€47,311 | +38.3% |
| Distributable reserves | 133 | €123,583 | €170,894 | +€47,311 | +38.3% |
| Profit (loss) carried forward | 14 | €68,791 | €68,791 | = | 0.0% |
| Amounts payable | 17/49 | €135,510 | €86,121 | -€49,389 | -36.4% |
| Amounts payable within one year | 42/48 | €135,510 | €86,121 | -€49,389 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €58,515 | €34,188 | -€24,327 | -41.6% |
| Trade debts | 44 | €21,866 | €15,396 | -€6,470 | -29.6% |
| Suppliers | 440/4 | €21,866 | €15,396 | -€6,470 | -29.6% |
| Advances received on contracts in progress | 46 | €3,893 | €3,893 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,409 | €25,697 | -€14,713 | -36.4% |
| Taxes | 450/3 | €40,409 | €25,697 | -€14,713 | -36.4% |
| Other amounts payable | 47/48 | €10,828 | €6,948 | -€3,880 | -35.8% |
| Turnover | 70 | - | €1,293,779 | +€1.3m | |
| Non-recurring operating income | 76A | - | €8,366 | +€8,366 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €872,710 | +€872,710 | |
| Remuneration, social security and pensions | 62 | €229,466 | €336,549 | +€107,084 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,651 | €21,314 | -€2,337 | -9.9% |
| Other operating charges | 640/8 | €458,352 | €12,272 | -€446,080 | -97.3% |
| Gross operating margin | 9900 | €784,358 | €429,435 | -€354,924 | -45.3% |
| Operating profit (loss) | 9901 | €72,890 | €59,300 | -€13,591 | -18.6% |
| Financial charges | 65/66B | €12,290 | €11,989 | -€302 | -2.5% |
| Recurring financial charges | 65 | €12,290 | €11,989 | -€302 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €60,600 | €47,311 | -€13,289 | -21.9% |
| Profit (loss) for the period | 9904 | €60,600 | €47,311 | -€13,289 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,600 | €47,311 | -€13,289 | -21.9% |
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 28 September 2026 via checked.be.