FDD: 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.
FDD
Largest movements
- Cash +€711,647
up €711,647 (+1,840%), from €38,677 to €750,325
mainly Net result for the year (+€599,409) and Receivables within one year (+€479,109)
- Receivables within one year -€479,109
down €479,109 (-97.8%), from €489,852 to €10,743
of which Trade receivables: -€477,009
- Tangible fixed assets +€167,802
up €167,802 (+279%), from €60,041 to €227,843
of which Furniture and vehicles: +€112,116
- Debts after one year +€201,417
new in 2025: €201,417
- Other debts +€88,871
up €88,871 (+19.5%), from €456,837 to €545,707
- Profit (loss) carried forward +€60,409
up €60,409 (+1,832%), from €3,298 to €63,707
- Tax, wage and social debts +€43,701
up €43,701 (+35.0%), from €124,936 to €168,637
of which Taxes: +€43,226
- Gross operating margin +€227,923
up €227,923 (+37.4%), from €609,046 to €836,969
- Taxes +€53,226
up €53,226 (+34.6%), from €153,669 to €206,895
- Depreciation +€19,558
up €19,558 (+2,045%), from €956 to €20,515
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 | €588,571 | €988,910 | +€400,340 | +68.0% |
| Fixed assets | 21/28 | €60,041 | €227,843 | +€167,802 | +279% |
| Tangible fixed assets | 22/27 | €60,041 | €227,843 | +€167,802 | +279% |
| Furniture and vehicles | 24 | - | €112,116 | +€112,116 | |
| Other tangible fixed assets | 26 | €60,041 | €115,727 | +€55,686 | +92.7% |
| Current assets | 29/58 | €528,530 | €761,068 | +€232,538 | +44.0% |
| Amounts receivable within one year | 40/41 | €489,852 | €10,743 | -€479,109 | -97.8% |
| Trade receivables | 40 | €477,009 | €0 | -€477,009 | -100% |
| Other amounts receivable | 41 | €12,844 | €10,743 | -€2,101 | -16.4% |
| Cash at bank and in hand | 54/58 | €38,677 | €750,325 | +€711,647 | +1,840% |
| Total equity and liabilities | 10/49 | €588,571 | €988,910 | +€400,340 | +68.0% |
| Equity | 10/15 | €5,798 | €66,207 | +€60,409 | +1,042% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,298 | €63,707 | +€60,409 | +1,832% |
| Amounts payable | 17/49 | €582,773 | €922,704 | +€339,931 | +58.3% |
| Amounts payable after more than one year | 17 | - | €201,417 | +€201,417 | |
| Other amounts payable | 178/9 | - | €201,417 | +€201,417 | |
| Amounts payable within one year | 42/48 | €581,773 | €720,287 | +€138,514 | +23.8% |
| Trade debts | 44 | - | €5,943 | +€5,943 | |
| Suppliers | 440/4 | - | €5,943 | +€5,943 | |
| Taxes, remuneration and social security | 45 | €124,936 | €168,637 | +€43,701 | +35.0% |
| Taxes | 450/3 | €121,369 | €164,595 | +€43,226 | +35.6% |
| Remuneration and social security | 454/9 | €3,568 | €4,042 | +€475 | +13.3% |
| Other amounts payable | 47/48 | €456,837 | €545,707 | +€88,871 | +19.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €956 | €20,515 | +€19,558 | +2,045% |
| Other operating charges | 640/8 | €343 | €7,210 | +€6,866 | +2,001% |
| Gross operating margin | 9900 | €609,046 | €836,969 | +€227,923 | +37.4% |
| Operating profit (loss) | 9901 | €607,746 | €809,244 | +€201,498 | +33.2% |
| Financial charges | 65/66B | €780 | €2,940 | +€2,161 | +277% |
| Recurring financial charges | 65 | €780 | €2,940 | +€2,161 | +277% |
| Profit (loss) for the period before taxes | 9903 | €606,966 | €806,304 | +€199,338 | +32.8% |
| Income taxes | 67/77 | €153,669 | €206,895 | +€53,226 | +34.6% |
| Profit (loss) for the period | 9904 | €453,298 | €599,409 | +€146,112 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €453,298 | €599,409 | +€146,112 | +32.2% |
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 15 October 2026 via checked.be.