FDFA: 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.
FDFA
Largest movements
- Cash -€30,906
down €30,906 (-99.3%), from €31,134 to €227
mainly Short-term financial debts (-€175,000) and Net result for the year (-€21,523)
- Short-term financial debts -€175,000
no longer reported in 2025 (was €175,000)
- Debts after one year +€168,740
up €168,740 (+42.1%), from €401,260 to €570,000
- Profit (loss) carried forward -€21,523
down €21,523 (-44.1%), from -€48,819 to -€70,342
- Gross operating margin -€3,568
down €3,568 (-28.4%), from -€12,575 to -€16,143
- Financial charges -€3,100
down €3,100 (-38.4%), from €8,082 to €4,983
- Depreciation +€397
up €397 (+88300.0%), from €0 to €398
- Other operating charges -€241
no longer reported in 2025 (was €241)
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 | €549,866 | €520,525 | -€29,341 | -5.3% |
| Fixed assets | 21/28 | €1,193 | €795 | -€398 | -33.3% |
| Tangible fixed assets | 22/27 | €1,193 | €795 | -€398 | -33.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,193 | €795 | -€398 | -33.3% |
| Current assets | 29/58 | €548,673 | €519,730 | -€28,943 | -5.3% |
| Stocks and contracts in progress | 3 | €513,044 | €513,919 | +€875 | +0.2% |
| Stocks | 30/36 | €513,044 | €513,919 | +€875 | +0.2% |
| Amounts receivable within one year | 40/41 | €4,495 | €5,583 | +€1,089 | +24.2% |
| Trade receivables | 40 | €345 | - | -€345 | |
| Other amounts receivable | 41 | €4,150 | €5,583 | +€1,433 | +34.5% |
| Cash at bank and in hand | 54/58 | €31,134 | €227 | -€30,906 | -99.3% |
| Total equity and liabilities | 10/49 | €549,866 | €520,525 | -€29,341 | -5.3% |
| Equity | 10/15 | -€28,359 | -€49,882 | -€21,523 | -75.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,819 | -€70,342 | -€21,523 | -44.1% |
| Amounts payable | 17/49 | €578,225 | €570,408 | -€7,818 | -1.4% |
| Amounts payable after more than one year | 17 | €401,260 | €570,000 | +€168,740 | +42.1% |
| Other amounts payable | 178/9 | €401,260 | €570,000 | +€168,740 | +42.1% |
| Amounts payable within one year | 42/48 | €176,965 | €8 | -€176,957 | -100.0% |
| Financial debts | 43 | €175,000 | - | -€175,000 | |
| Credit institutions | 430/8 | €175,000 | - | -€175,000 | |
| Trade debts | 44 | €1,957 | - | -€1,957 | |
| Suppliers | 440/4 | €1,957 | - | -€1,957 | |
| Taxes, remuneration and social security | 45 | €8 | €8 | = | 0.0% |
| Taxes | 450/3 | €8 | €8 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €398 | +€397 | +88300.0% |
| Other operating charges | 640/8 | €241 | - | -€241 | |
| Gross operating margin | 9900 | -€12,575 | -€16,143 | -€3,568 | -28.4% |
| Operating profit (loss) | 9901 | -€12,816 | -€16,540 | -€3,724 | -29.1% |
| Financial charges | 65/66B | €8,082 | €4,983 | -€3,100 | -38.4% |
| Recurring financial charges | 65 | €8,082 | €4,983 | -€3,100 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,899 | -€21,523 | -€624 | -3.0% |
| Profit (loss) for the period | 9904 | -€20,899 | -€21,523 | -€624 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,899 | -€21,523 | -€624 | -3.0% |
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.