FDB Management: 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 Management
Largest movements
- Receivables within one year +€18,398
up €18,398 (+103.4%), from €17,797 to €36,195
- Cash +€7,342
up €7,342 (+47.4%), from €15,473 to €22,815
mainly Net result for the year (+€44,078) and Tax, wage and social debts (+€7,618)
- Tangible fixed assets -€1,267
down €1,267 (-7.3%), from €17,465 to €16,198
of which Furniture and vehicles: -€2,616
- Profit (loss) carried forward +€16,078
up €16,078 (+104.1%), from €15,446 to €31,525
- Tax, wage and social debts +€7,618
up €7,618 (+73.0%), from €10,430 to €18,049
- Other debts +€3,073
up €3,073 (+13.6%), from €22,618 to €25,691
- Trade debts -€2,295
down €2,295 (-98.4%), from €2,333 to €38
- Gross operating margin +€30,166
up €30,166 (+100.4%), from €30,036 to €60,202
- Taxes +€6,034
up €6,034 (+98.8%), from €6,106 to €12,140
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 | €50,829 | €75,303 | +€24,475 | +48.2% |
| Fixed assets | 21/28 | €17,465 | €16,198 | -€1,267 | -7.3% |
| Tangible fixed assets | 22/27 | €17,465 | €16,198 | -€1,267 | -7.3% |
| Land and buildings | 22 | - | €2,457 | +€2,457 | |
| Furniture and vehicles | 24 | €7,686 | €5,071 | -€2,616 | -34.0% |
| Other tangible fixed assets | 26 | €9,778 | €8,670 | -€1,108 | -11.3% |
| Current assets | 29/58 | €33,364 | €59,106 | +€25,742 | +77.2% |
| Amounts receivable within one year | 40/41 | €17,797 | €36,195 | +€18,398 | +103.4% |
| Trade receivables | 40 | €17,797 | €36,195 | +€18,398 | +103.4% |
| Cash at bank and in hand | 54/58 | €15,473 | €22,815 | +€7,342 | +47.4% |
| Deferred charges and accrued income | 490/1 | €93 | €95 | +€2 | +2.5% |
| Total equity and liabilities | 10/49 | €50,829 | €75,303 | +€24,475 | +48.2% |
| Equity | 10/15 | €15,447 | €31,526 | +€16,078 | +104.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,446 | €31,525 | +€16,078 | +104.1% |
| Amounts payable | 17/49 | €35,381 | €43,777 | +€8,396 | +23.7% |
| Amounts payable within one year | 42/48 | €35,381 | €43,777 | +€8,396 | +23.7% |
| Trade debts | 44 | €2,333 | €38 | -€2,295 | -98.4% |
| Suppliers | 440/4 | €2,333 | €38 | -€2,295 | -98.4% |
| Taxes, remuneration and social security | 45 | €10,430 | €18,049 | +€7,618 | +73.0% |
| Taxes | 450/3 | €10,430 | €18,049 | +€7,618 | +73.0% |
| Other amounts payable | 47/48 | €22,618 | €25,691 | +€3,073 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,618 | €3,967 | +€350 | +9.7% |
| Gross operating margin | 9900 | €30,036 | €60,202 | +€30,166 | +100.4% |
| Operating profit (loss) | 9901 | €26,419 | €56,235 | +€29,816 | +112.9% |
| Financial income | 75/76B | €390 | - | -€390 | |
| Recurring financial income | 75 | €390 | - | -€390 | |
| Financial charges | 65/66B | €51 | €17 | -€34 | -66.9% |
| Recurring financial charges | 65 | €51 | €17 | -€34 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €26,758 | €56,218 | +€29,461 | +110.1% |
| Income taxes | 67/77 | €6,106 | €12,140 | +€6,034 | +98.8% |
| Profit (loss) for the period | 9904 | €20,652 | €44,078 | +€23,427 | +113.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,652 | €44,078 | +€23,427 | +113.4% |
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 9 October 2026 via checked.be.