FDEBRABANDERE: 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.
FDEBRABANDERE
Largest movements
- Cash +€51,001
up €51,001 (+181.6%), from €28,090 to €79,091
mainly Net result for the year (+€49,576) and Other debts (+€7,745)
- Current investments +€11,000
new in 2025: €11,000
- Receivables within one year -€3,799
down €3,799 (-47.6%), from €7,986 to €4,187
of which Trade receivables: -€7,986
- Tangible fixed assets -€1,650
down €1,650 (-25.7%), from €6,424 to €4,774
- Reserves +€48,745
up €48,745 (+279.8%), from €17,420 to €66,165
- Other debts +€7,745
up €7,745 (+86.3%), from €8,973 to €16,718
- Gross operating margin +€49,659
up €49,659 (+198.3%), from €25,043 to €74,702
- Taxes +€12,815
up €12,815 (+217.2%), from €5,900 to €18,715
- Other operating charges +€3,836
up €3,836 (+990.5%), from €387 to €4,224
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 | €42,500 | €99,052 | +€56,552 | +133.1% |
| Fixed assets | 21/28 | €6,424 | €4,774 | -€1,650 | -25.7% |
| Tangible fixed assets | 22/27 | €6,424 | €4,774 | -€1,650 | -25.7% |
| Plant, machinery and equipment | 23 | €6,424 | €4,774 | -€1,650 | -25.7% |
| Current assets | 29/58 | €36,076 | €94,278 | +€58,202 | +161.3% |
| Amounts receivable within one year | 40/41 | €7,986 | €4,187 | -€3,799 | -47.6% |
| Trade receivables | 40 | €7,986 | - | -€7,986 | |
| Other amounts receivable | 41 | - | €4,187 | +€4,187 | |
| Current investments | 50/53 | - | €11,000 | +€11,000 | |
| Cash at bank and in hand | 54/58 | €28,090 | €79,091 | +€51,001 | +181.6% |
| Total equity and liabilities | 10/49 | €42,500 | €99,052 | +€56,552 | +133.1% |
| Equity | 10/15 | €22,425 | €71,168 | +€48,743 | +217.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,420 | €66,165 | +€48,745 | +279.8% |
| Distributable reserves | 133 | €17,420 | €66,165 | +€48,745 | +279.8% |
| Profit (loss) carried forward | 14 | €5 | €3 | -€2 | -36.8% |
| Amounts payable | 17/49 | €20,074 | €27,883 | +€7,809 | +38.9% |
| Amounts payable within one year | 42/48 | €19,693 | €27,033 | +€7,340 | +37.3% |
| Trade debts | 44 | €1,989 | €2,398 | +€409 | +20.5% |
| Suppliers | 440/4 | €1,989 | €2,398 | +€409 | +20.5% |
| Taxes, remuneration and social security | 45 | €8,731 | €7,917 | -€814 | -9.3% |
| Taxes | 450/3 | €8,731 | €7,917 | -€814 | -9.3% |
| Other amounts payable | 47/48 | €8,973 | €16,718 | +€7,745 | +86.3% |
| Accrued charges and deferred income | 492/3 | €381 | €850 | +€469 | +123.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,655 | €1,650 | -€5 | -0.3% |
| Other operating charges | 640/8 | €387 | €4,224 | +€3,836 | +990.5% |
| Gross operating margin | 9900 | €25,043 | €74,702 | +€49,659 | +198.3% |
| Operating profit (loss) | 9901 | €23,001 | €68,828 | +€45,827 | +199.2% |
| Financial income | 75/76B | €50 | €324 | +€273 | +542.1% |
| Recurring financial income | 75 | €50 | €324 | +€273 | +542.1% |
| Financial charges | 65/66B | €749 | €861 | +€113 | +15.0% |
| Recurring financial charges | 65 | €749 | €861 | +€113 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €22,303 | €68,291 | +€45,988 | +206.2% |
| Income taxes | 67/77 | €5,900 | €18,715 | +€12,815 | +217.2% |
| Profit (loss) for the period | 9904 | €16,403 | €49,576 | +€33,173 | +202.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,403 | €49,576 | +€33,173 | +202.2% |
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.