FDC 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.
FDC MANAGEMENT
Largest movements
- Cash +€72,982
up €72,982 (+20.0%), from €364,777 to €437,759
mainly Net result for the year (+€46,275) and Depreciation (+€35,091)
- Tangible fixed assets -€35,091
down €35,091 (-25.1%), from €139,553 to €104,462
of which Furniture and vehicles: -€27,037
- Reserves +€46,275
up €46,275 (+9.3%), from €494,978 to €541,253
- Trade debts -€9,898
down €9,898 (-78.0%), from €12,682 to €2,784
- Gross operating margin -€7,735
down €7,735 (-7.2%), from €108,173 to €100,439
- Taxes -€1,659
down €1,659 (-8.9%), from €18,704 to €17,045
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 | €545,732 | €580,714 | +€34,982 | +6.4% |
| Fixed assets | 21/28 | €139,553 | €104,462 | -€35,091 | -25.1% |
| Tangible fixed assets | 22/27 | €139,553 | €104,462 | -€35,091 | -25.1% |
| Furniture and vehicles | 24 | €100,615 | €73,579 | -€27,037 | -26.9% |
| Other tangible fixed assets | 26 | €38,937 | €30,883 | -€8,054 | -20.7% |
| Current assets | 29/58 | €406,179 | €476,252 | +€70,073 | +17.3% |
| Amounts receivable within one year | 40/41 | €35,079 | €36,034 | +€955 | +2.7% |
| Trade receivables | 40 | €33,880 | €33,880 | = | 0.0% |
| Other amounts receivable | 41 | €1,199 | €2,154 | +€955 | +79.6% |
| Cash at bank and in hand | 54/58 | €364,777 | €437,759 | +€72,982 | +20.0% |
| Deferred charges and accrued income | 490/1 | €6,323 | €2,459 | -€3,864 | -61.1% |
| Total equity and liabilities | 10/49 | €545,732 | €580,714 | +€34,982 | +6.4% |
| Equity | 10/15 | €507,378 | €553,653 | +€46,275 | +9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €494,978 | €541,253 | +€46,275 | +9.3% |
| Distributable reserves | 133 | €494,978 | €541,253 | +€46,275 | +9.3% |
| Amounts payable | 17/49 | €38,354 | €27,062 | -€11,293 | -29.4% |
| Amounts payable within one year | 42/48 | €37,548 | €26,445 | -€11,102 | -29.6% |
| Trade debts | 44 | €12,682 | €2,784 | -€9,898 | -78.0% |
| Suppliers | 440/4 | €12,682 | €2,784 | -€9,898 | -78.0% |
| Taxes, remuneration and social security | 45 | €12,787 | €11,562 | -€1,225 | -9.6% |
| Taxes | 450/3 | €12,787 | €11,562 | -€1,225 | -9.6% |
| Other amounts payable | 47/48 | €12,079 | €12,099 | +€20 | +0.2% |
| Accrued charges and deferred income | 492/3 | €806 | €616 | -€190 | -23.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,147 | €35,091 | -€56 | -0.2% |
| Other operating charges | 640/8 | €996 | €932 | -€64 | -6.4% |
| Gross operating margin | 9900 | €108,173 | €100,439 | -€7,735 | -7.2% |
| Operating profit (loss) | 9901 | €72,030 | €64,416 | -€7,615 | -10.6% |
| Financial charges | 65/66B | €1,272 | €1,096 | -€176 | -13.9% |
| Recurring financial charges | 65 | €1,272 | €1,096 | -€176 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €70,758 | €63,320 | -€7,438 | -10.5% |
| Income taxes | 67/77 | €18,704 | €17,045 | -€1,659 | -8.9% |
| Profit (loss) for the period | 9904 | €52,055 | €46,275 | -€5,780 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,055 | €46,275 | -€5,780 | -11.1% |
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 11 October 2026 via checked.be.