FDG & CO: 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.
FDG & CO
Largest movements
- Cash +€20,850
up €20,850 (+146%), from €14,284 to €35,135
mainly Depreciation (+€19,240) and Net result for the year (+€17,341)
- Tangible fixed assets -€15,767
down €15,767 (-20.4%), from €77,472 to €61,705
of which Furniture and vehicles: -€16,799
- Deferred charges and accrued income +€2,544
up €2,544 (+748,265%), from €0 to €2,544
- Reserves +€17,341
up €17,341 (+49.9%), from €34,740 to €52,080
- Debts after one year -€11,175
down €11,175 (-31.8%), from €35,180 to €24,006
- Other debts -€3,555
down €3,555 (-100%), from €3,555 to €0
- Trade debts +€3,099
up €3,099 (+515%), from €602 to €3,701
- Tax, wage and social debts +€1,413
up €1,413 (+10.4%), from €13,523 to €14,936
- Gross operating margin +€4,957
up €4,957 (+10.3%), from €48,151 to €53,108
- Financial charges -€2,253
down €2,253 (-22.7%), from €9,904 to €7,651
- Taxes +€1,948
up €1,948 (+34.2%), from €5,702 to €7,651
- Depreciation +€1,179
up €1,179 (+6.5%), from €18,061 to €19,240
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 | €103,256 | €110,897 | +€7,640 | +7.4% |
| Fixed assets | 21/28 | €77,472 | €61,705 | -€15,767 | -20.4% |
| Tangible fixed assets | 22/27 | €77,472 | €61,705 | -€15,767 | -20.4% |
| Land and buildings | 22 | €11,085 | €10,215 | -€869 | -7.8% |
| Plant, machinery and equipment | 23 | €934 | €3,812 | +€2,877 | +308% |
| Furniture and vehicles | 24 | €63,082 | €46,282 | -€16,799 | -26.6% |
| Other tangible fixed assets | 26 | €2,371 | €1,396 | -€975 | -41.1% |
| Current assets | 29/58 | €25,785 | €49,192 | +€23,407 | +90.8% |
| Amounts receivable within one year | 40/41 | €11,500 | €11,513 | +€13 | +0.1% |
| Trade receivables | 40 | €9,020 | €8,196 | -€824 | -9.1% |
| Other amounts receivable | 41 | €2,480 | €3,317 | +€837 | +33.7% |
| Cash at bank and in hand | 54/58 | €14,284 | €35,135 | +€20,850 | +146% |
| Deferred charges and accrued income | 490/1 | €0 | €2,544 | +€2,544 | +748,265% |
| Total equity and liabilities | 10/49 | €103,256 | €110,897 | +€7,640 | +7.4% |
| Equity | 10/15 | €39,740 | €57,080 | +€17,341 | +43.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,740 | €52,080 | +€17,341 | +49.9% |
| Distributable reserves | 133 | €34,740 | €52,080 | +€17,341 | +49.9% |
| Amounts payable | 17/49 | €63,517 | €53,816 | -€9,700 | -15.3% |
| Amounts payable after more than one year | 17 | €35,180 | €24,006 | -€11,175 | -31.8% |
| Financial debts | 170/4 | €35,180 | €24,006 | -€11,175 | -31.8% |
| Amounts payable within one year | 42/48 | €28,337 | €29,811 | +€1,474 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €10,657 | €11,175 | +€518 | +4.9% |
| Trade debts | 44 | €602 | €3,701 | +€3,099 | +515% |
| Suppliers | 440/4 | €602 | €3,701 | +€3,099 | +515% |
| Taxes, remuneration and social security | 45 | €13,523 | €14,936 | +€1,413 | +10.4% |
| Taxes | 450/3 | €13,523 | €14,936 | +€1,413 | +10.4% |
| Other amounts payable | 47/48 | €3,555 | €0 | -€3,555 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,061 | €19,240 | +€1,179 | +6.5% |
| Other operating charges | 640/8 | €1,500 | €1,252 | -€248 | -16.5% |
| Gross operating margin | 9900 | €48,151 | €53,108 | +€4,957 | +10.3% |
| Operating profit (loss) | 9901 | €28,590 | €32,616 | +€4,026 | +14.1% |
| Financial income | 75/76B | €159 | €26 | -€132 | -83.4% |
| Recurring financial income | 75 | €159 | €26 | -€132 | -83.4% |
| Financial charges | 65/66B | €9,904 | €7,651 | -€2,253 | -22.7% |
| Recurring financial charges | 65 | €9,904 | €7,651 | -€2,253 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €18,844 | €24,991 | +€6,147 | +32.6% |
| Income taxes | 67/77 | €5,702 | €7,651 | +€1,948 | +34.2% |
| Profit (loss) for the period | 9904 | €13,142 | €17,341 | +€4,198 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,142 | €17,341 | +€4,198 | +31.9% |
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 20 October 2026 via checked.be.