FDE & CO: 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.
FDE & CO
Largest movements
- Cash +€85,462
up €85,462 (+196.1%), from €43,584 to €129,047
- Receivables within one year -€14,273
down €14,273 (-37.8%), from €37,724 to €23,450
of which Other amounts receivable: -€12,310
- Profit (loss) carried forward +€33,739
up €33,739 (+185.1%), from €18,223 to €51,962
- Short-term financial debts +€16,667
new in 2024: €16,667
- Trade debts +€11,078
up €11,078 (+22.5%), from €49,307 to €60,385
- Tax, wage and social debts +€10,030
up €10,030 (+105.8%), from €9,481 to €19,512
of which Taxes: +€9,770
- Turnover -€159,263
no longer reported in 2024 (was €159,263)
- Purchases and services -€153,980
no longer reported in 2024 (was €153,980)
- Gross operating margin +€22,919
up €22,919 (+140.4%), from €16,325 to €39,244
- Staff costs +€3,842
new in 2024: €3,842
- Taxes +€2,110
up €2,110 (+58.8%), from €3,588 to €5,698
From the 2022 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,611 | €163,760 | +€73,149 | +80.7% |
| Fixed assets | 21/28 | €5,471 | €5,537 | +€66 | +1.2% |
| Tangible fixed assets | 22/27 | €4,721 | €4,637 | -€84 | -1.8% |
| Plant, machinery and equipment | 23 | - | €1,192 | +€1,192 | |
| Furniture and vehicles | 24 | €4,721 | €3,446 | -€1,275 | -27.0% |
| Financial fixed assets | 28 | €750 | €900 | +€150 | +20.0% |
| Current assets | 29/58 | €85,141 | €158,223 | +€73,082 | +85.8% |
| Stocks and contracts in progress | 3 | €3,500 | €4,985 | +€1,485 | +42.4% |
| Stocks | 30/36 | €3,500 | €4,985 | +€1,485 | +42.4% |
| Amounts receivable within one year | 40/41 | €37,724 | €23,450 | -€14,273 | -37.8% |
| Trade receivables | 40 | €17,635 | €15,672 | -€1,963 | -11.1% |
| Other amounts receivable | 41 | €20,089 | €7,779 | -€12,310 | -61.3% |
| Cash at bank and in hand | 54/58 | €43,584 | €129,047 | +€85,462 | +196.1% |
| Deferred charges and accrued income | 490/1 | €333 | €741 | +€408 | +122.6% |
| Total equity and liabilities | 10/49 | €90,611 | €163,760 | +€73,149 | +80.7% |
| Equity | 10/15 | €31,823 | €65,562 | +€33,739 | +106.0% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Outside capital | 11 | - | €13,600 | +€13,600 | |
| Other | 1109/19 | - | €13,600 | +€13,600 | |
| Profit (loss) carried forward | 14 | €18,223 | €51,962 | +€33,739 | +185.1% |
| Amounts payable | 17/49 | €58,788 | €98,198 | +€39,410 | +67.0% |
| Amounts payable within one year | 42/48 | €58,788 | €98,198 | +€39,410 | +67.0% |
| Financial debts | 43 | - | €16,667 | +€16,667 | |
| Other loans | 439 | - | €16,667 | +€16,667 | |
| Trade debts | 44 | €49,307 | €60,385 | +€11,078 | +22.5% |
| Suppliers | 440/4 | €49,307 | €60,385 | +€11,078 | +22.5% |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €9,481 | €19,512 | +€10,030 | +105.8% |
| Taxes | 450/3 | €9,481 | €19,251 | +€9,770 | +103.0% |
| Remuneration and social security | 454/9 | - | €260 | +€260 | |
| Other amounts payable | 47/48 | - | €135 | +€135 | |
| Turnover | 70 | €159,263 | - | -€159,263 | |
| Non-recurring operating income | 76A | €11,041 | - | -€11,041 | |
| Goods, raw materials, services and sundry goods | 60/61 | €153,980 | - | -€153,980 | |
| Remuneration, social security and pensions | 62 | - | €3,842 | +€3,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,392 | €2,633 | +€1,241 | +89.2% |
| Other operating charges | 640/8 | €522 | €2,439 | +€1,917 | +367.2% |
| Non-recurring operating charges | 66A | €2,457 | €667 | -€1,790 | -72.9% |
| Gross operating margin | 9900 | €16,325 | €39,244 | +€22,919 | +140.4% |
| Operating profit (loss) | 9901 | €11,954 | €29,663 | +€17,709 | +148.1% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €139 | €351 | +€212 | +152.5% |
| Recurring financial charges | 65 | €139 | €351 | +€212 | +152.5% |
| Profit (loss) for the period before taxes | 9903 | €11,815 | €29,318 | +€17,503 | +148.1% |
| Income taxes | 67/77 | €3,588 | €5,698 | +€2,110 | +58.8% |
| Profit (loss) for the period | 9904 | €8,227 | €23,621 | +€15,394 | +187.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,227 | €23,621 | +€15,394 | +187.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.