FDB PARTNERS: 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.
FDB PARTNERS
Largest movements
- Cash +€180,089
up €180,089 (+322.4%), from €55,857 to €235,945
mainly Net result for the year (+€372,740) and Other debts (+€85,279)
- Current investments -€60,219
no longer reported in 2025 (was €60,219)
- Receivables within one year +€19,316
up €19,316 (+188.3%), from €10,260 to €29,577
- Tangible fixed assets -€14,243
down €14,243 (-10.9%), from €130,836 to €116,594
of which Furniture and vehicles: -€24,993
- Other debts +€85,279
up €85,279 (+42.8%), from €199,055 to €284,334
- Tax, wage and social debts +€22,907
up €22,907 (+69.7%), from €32,855 to €55,762
- Trade debts +€16,953
up €16,953 (+554.5%), from €3,057 to €20,011
- Gross operating margin +€144,407
up €144,407 (+37.5%), from €385,179 to €529,586
- Taxes +€37,191
up €37,191 (+42.5%), from €87,609 to €124,800
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 | €258,016 | €383,145 | +€125,130 | +48.5% |
| Fixed assets | 21/28 | €131,250 | €117,008 | -€14,243 | -10.9% |
| Tangible fixed assets | 22/27 | €130,836 | €116,594 | -€14,243 | -10.9% |
| Plant, machinery and equipment | 23 | €6,448 | €17,199 | +€10,750 | +166.7% |
| Furniture and vehicles | 24 | €78,588 | €53,595 | -€24,993 | -31.8% |
| Other tangible fixed assets | 26 | €45,800 | €45,800 | = | 0.0% |
| Financial fixed assets | 28 | €414 | €414 | = | 0.0% |
| Current assets | 29/58 | €126,765 | €266,138 | +€139,373 | +109.9% |
| Amounts receivable within one year | 40/41 | €10,260 | €29,577 | +€19,316 | +188.3% |
| Trade receivables | 40 | €10,260 | €29,577 | +€19,316 | +188.3% |
| Current investments | 50/53 | €60,219 | - | -€60,219 | |
| Cash at bank and in hand | 54/58 | €55,857 | €235,945 | +€180,089 | +322.4% |
| Deferred charges and accrued income | 490/1 | €428 | €616 | +€187 | +43.7% |
| Total equity and liabilities | 10/49 | €258,016 | €383,145 | +€125,130 | +48.5% |
| Equity | 10/15 | €23,039 | €23,039 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,839 | €16,839 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €14,979 | €14,979 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Amounts payable | 17/49 | €234,977 | €360,107 | +€125,130 | +53.3% |
| Amounts payable within one year | 42/48 | €234,969 | €360,107 | +€125,138 | +53.3% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €3,057 | €20,011 | +€16,953 | +554.5% |
| Suppliers | 440/4 | €3,057 | €20,011 | +€16,953 | +554.5% |
| Taxes, remuneration and social security | 45 | €32,855 | €55,762 | +€22,907 | +69.7% |
| Taxes | 450/3 | €32,855 | €55,762 | +€22,907 | +69.7% |
| Other amounts payable | 47/48 | €199,055 | €284,334 | +€85,279 | +42.8% |
| Accrued charges and deferred income | 492/3 | €8 | - | -€8 | |
| Non-recurring operating income | 76A | €1,653 | - | -€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,552 | €31,577 | -€975 | -3.0% |
| Other operating charges | 640/8 | €2,288 | €1,091 | -€1,198 | -52.3% |
| Gross operating margin | 9900 | €385,179 | €529,586 | +€144,407 | +37.5% |
| Operating profit (loss) | 9901 | €350,339 | €496,919 | +€146,580 | +41.8% |
| Financial income | 75/76B | €4,450 | €1,166 | -€3,284 | -73.8% |
| Recurring financial income | 75 | €4,450 | €1,166 | -€3,284 | -73.8% |
| Financial charges | 65/66B | €182 | €545 | +€363 | +199.3% |
| Recurring financial charges | 65 | €182 | €545 | +€363 | +199.3% |
| Profit (loss) for the period before taxes | 9903 | €354,607 | €497,540 | +€142,932 | +40.3% |
| Income taxes | 67/77 | €87,609 | €124,800 | +€37,191 | +42.5% |
| Profit (loss) for the period | 9904 | €266,998 | €372,740 | +€105,742 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €266,998 | €372,740 | +€105,742 | +39.6% |
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 5 October 2026 via checked.be.