FDB: 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.
FDB
Largest movements
- Cash +€134,158
up €134,158 (+364%), from €36,884 to €171,041
mainly Other debts (+€325,763) and Depreciation (+€50,330)
- Tangible fixed assets +€34,184
up €34,184 (+1.8%), from €1.9m to €1.9m
of which Land and buildings: +€36,003
- Other debts +€325,763
up €325,763 (+51.7%), from €630,278 to €956,042
- Debts after one year -€142,018
down €142,018 (-50.8%), from €279,750 to €137,731
of which Financial debts: -€141,268
- Profit (loss) carried forward -€25,702
down €25,702 (-4.8%), from €530,514 to €504,812
- Gross operating margin +€31,398
up €31,398 (+109%), from €28,747 to €60,145
- Provisions +€9,400
up €9,400, from -€9,400 to €0
- Other operating charges -€6,543
down €6,543 (-33.1%), from €19,768 to €13,225
- Depreciation +€4,003
up €4,003 (+8.6%), from €46,327 to €50,330
- Financial charges +€2,430
up €2,430 (+12.2%), from €19,933 to €22,363
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 | €2,074,138 | €2,225,360 | +€151,221 | +7.3% |
| Fixed assets | 21/28 | €1,867,092 | €1,901,275 | +€34,184 | +1.8% |
| Tangible fixed assets | 22/27 | €1,867,092 | €1,901,275 | +€34,184 | +1.8% |
| Land and buildings | 22 | €1,865,206 | €1,901,208 | +€36,003 | +1.9% |
| Plant, machinery and equipment | 23 | €578 | €67 | -€511 | -88.4% |
| Furniture and vehicles | 24 | €1,308 | €0 | -€1,308 | -100% |
| Current assets | 29/58 | €207,047 | €324,084 | +€117,037 | +56.5% |
| Stocks and contracts in progress | 3 | €130,000 | €130,000 | = | 0.0% |
| Stocks | 30/36 | €130,000 | €130,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,163 | €23,043 | -€17,120 | -42.6% |
| Trade receivables | 40 | €34,761 | €20,668 | -€14,093 | -40.5% |
| Other amounts receivable | 41 | €5,402 | €2,375 | -€3,027 | -56.0% |
| Cash at bank and in hand | 54/58 | €36,884 | €171,041 | +€134,158 | +364% |
| Total equity and liabilities | 10/49 | €2,074,138 | €2,225,360 | +€151,221 | +7.3% |
| Equity | 10/15 | €980,452 | €954,750 | -€25,702 | -2.6% |
| Contributions | 10/11 | €403,984 | €403,984 | = | 0.0% |
| Reserves | 13 | €45,954 | €45,954 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €8,454 | €8,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | €530,514 | €504,812 | -€25,702 | -4.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €1,093,687 | €1,270,610 | +€176,923 | +16.2% |
| Amounts payable after more than one year | 17 | €279,750 | €137,731 | -€142,018 | -50.8% |
| Financial debts | 170/4 | €273,150 | €131,881 | -€141,268 | -51.7% |
| Other amounts payable | 178/9 | €6,600 | €5,850 | -€750 | -11.4% |
| Amounts payable within one year | 42/48 | €811,983 | €1,128,874 | +€316,891 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €138,603 | €141,268 | +€2,665 | +1.9% |
| Trade debts | 44 | €21,295 | €21,374 | +€79 | +0.4% |
| Suppliers | 440/4 | €21,295 | €21,374 | +€79 | +0.4% |
| Taxes, remuneration and social security | 45 | €21,807 | €10,190 | -€11,617 | -53.3% |
| Taxes | 450/3 | €21,807 | €10,190 | -€11,617 | -53.3% |
| Other amounts payable | 47/48 | €630,278 | €956,042 | +€325,763 | +51.7% |
| Accrued charges and deferred income | 492/3 | €1,954 | €4,004 | +€2,050 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,327 | €50,330 | +€4,003 | +8.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,400 | €0 | +€9,400 | |
| Other operating charges | 640/8 | €19,768 | €13,225 | -€6,543 | -33.1% |
| Gross operating margin | 9900 | €28,747 | €60,145 | +€31,398 | +109% |
| Operating profit (loss) | 9901 | -€27,948 | -€3,410 | +€24,538 | +87.8% |
| Financial income | 75/76B | €582 | €72 | -€510 | -87.7% |
| Recurring financial income | 75 | €582 | €72 | -€510 | -87.7% |
| Financial charges | 65/66B | €19,933 | €22,363 | +€2,430 | +12.2% |
| Recurring financial charges | 65 | €19,933 | €22,363 | +€2,430 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,298 | -€25,702 | +€21,597 | +45.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€47,298 | -€25,702 | +€21,597 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,298 | -€25,702 | +€21,597 | +45.7% |
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.