FDC International: 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.
FDC International
Largest movements
- Stocks and contracts -€1.3m
down €1.3m (-39.3%), from €3.3m to €2.0m
- Receivables within one year -€427,561
down €427,561 (-33.1%), from €1.3m to €865,070
of which Trade receivables: -€339,755
- Cash -€304,580
down €304,580 (-85.7%), from €355,408 to €50,828
mainly Short-term financial debts (-€1.4m) and Other debts (-€401,884)
- Short-term financial debts -€1.4m
down €1.4m (-63.4%), from €2.2m to €787,000
- Other debts -€401,884
down €401,884 (-48.1%), from €836,180 to €434,296
- Reserves -€115,650
down €115,650 (-7.1%), from €1.6m to €1.5m
of which Non-distributable reserves: -€115,650
- Trade debts -€114,913
down €114,913 (-40.8%), from €281,467 to €166,554
- Profit (loss) carried forward -€59,895
down €59,895 (-2,460%), from -€2,435 to -€62,329
- Gross operating margin -€282,604
down €282,604 (-47.3%), from €597,844 to €315,240
- Financial charges -€149,546
down €149,546 (-50.4%), from €296,745 to €147,199
- Staff costs +€12,667
up €12,667 (+3.9%), from €321,264 to €333,930
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 | €5,170,585 | €3,091,952 | -€2.1m | -40.2% |
| Fixed assets | 21/28 | €187,516 | €152,248 | -€35,268 | -18.8% |
| Tangible fixed assets | 22/27 | €187,516 | €152,248 | -€35,268 | -18.8% |
| Land and buildings | 22 | €120,606 | €105,020 | -€15,586 | -12.9% |
| Plant, machinery and equipment | 23 | €46,100 | €38,382 | -€7,718 | -16.7% |
| Furniture and vehicles | 24 | €20,810 | €8,846 | -€11,964 | -57.5% |
| Current assets | 29/58 | €4,983,069 | €2,939,705 | -€2.0m | -41.0% |
| Stocks and contracts in progress | 3 | €3,322,546 | €2,015,708 | -€1.3m | -39.3% |
| Stocks | 30/36 | €3,322,546 | €2,015,708 | -€1.3m | -39.3% |
| Amounts receivable within one year | 40/41 | €1,292,631 | €865,070 | -€427,561 | -33.1% |
| Trade receivables | 40 | €1,082,729 | €742,974 | -€339,755 | -31.4% |
| Other amounts receivable | 41 | €209,902 | €122,097 | -€87,806 | -41.8% |
| Cash at bank and in hand | 54/58 | €355,408 | €50,828 | -€304,580 | -85.7% |
| Deferred charges and accrued income | 490/1 | €12,484 | €8,099 | -€4,385 | -35.1% |
| Total equity and liabilities | 10/49 | €5,170,585 | €3,091,952 | -€2.1m | -40.2% |
| Equity | 10/15 | €1,752,902 | €1,577,357 | -€175,545 | -10.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,630,336 | €1,514,686 | -€115,650 | -7.1% |
| Non-distributable reserves | 130/1 | €128,150 | €12,500 | -€115,650 | -90.2% |
| Legal reserve | 130 | €128,150 | €12,500 | -€115,650 | -90.2% |
| Distributable reserves | 133 | €1,502,186 | €1,502,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,435 | -€62,329 | -€59,895 | -2,460% |
| Amounts payable | 17/49 | €3,417,683 | €1,514,595 | -€1.9m | -55.7% |
| Amounts payable within one year | 42/48 | €3,413,148 | €1,514,595 | -€1.9m | -55.6% |
| Financial debts | 43 | €2,150,000 | €787,000 | -€1.4m | -63.4% |
| Credit institutions | 430/8 | €2,150,000 | €787,000 | -€1.4m | -63.4% |
| Trade debts | 44 | €281,467 | €166,554 | -€114,913 | -40.8% |
| Suppliers | 440/4 | €281,467 | €166,554 | -€114,913 | -40.8% |
| Taxes, remuneration and social security | 45 | €145,501 | €126,745 | -€18,756 | -12.9% |
| Taxes | 450/3 | €97,481 | €68,248 | -€29,233 | -30.0% |
| Remuneration and social security | 454/9 | €48,020 | €58,498 | +€10,477 | +21.8% |
| Other amounts payable | 47/48 | €836,180 | €434,296 | -€401,884 | -48.1% |
| Accrued charges and deferred income | 492/3 | €4,535 | €0 | -€4,535 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €321,264 | €333,930 | +€12,667 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,319 | €35,268 | -€4,051 | -10.3% |
| Other operating charges | 640/8 | €3,054 | €2,945 | -€109 | -3.6% |
| Gross operating margin | 9900 | €597,844 | €315,240 | -€282,604 | -47.3% |
| Operating profit (loss) | 9901 | €234,207 | -€56,904 | -€291,111 | |
| Financial income | 75/76B | €29,297 | €29,356 | +€60 | +0.2% |
| Recurring financial income | 75 | €29,297 | €29,356 | +€60 | +0.2% |
| Financial charges | 65/66B | €296,745 | €147,199 | -€149,546 | -50.4% |
| Recurring financial charges | 65 | €296,745 | €147,199 | -€149,546 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,241 | -€174,746 | -€141,506 | -426% |
| Income taxes | 67/77 | €1,015 | €798 | -€217 | -21.4% |
| Profit (loss) for the period | 9904 | -€34,256 | -€175,545 | -€141,288 | -412% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,256 | -€175,545 | -€141,288 | -412% |
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 31 October 2026 via checked.be.