FDG MANAGEMENT: 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 MANAGEMENT
Largest movements
- Financial fixed assets -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Receivables within one year -€18,656
down €18,656 (-92.0%), from €20,276 to €1,620
of which Trade receivables: -€20,276
- Cash +€1,497
up €1,497 (+16.3%), from €9,182 to €10,679
mainly Investment in fixed assets (net) (+€80,000) and Receivables within one year (+€18,656)
- Other debts -€82,484
down €82,484 (-100.0%), from €82,484 to €0
- Tax, wage and social debts -€16,011
down €16,011 (-80.4%), from €19,913 to €3,903
of which Remuneration and social security: -€10,000
- Profit (loss) carried forward +€4,191
up €4,191 (+464.6%), from €902 to €5,093
- Trade debts -€2,855
down €2,855 (-90.4%), from €3,158 to €303
- Financial income +€20,000
new in 2025: €20,000
of which Financial income: +€20,000
- Other operating charges -€12,157
down €12,157 (-93.9%), from €12,940 to €783
- Financial charges +€7,641
up €7,641 (+7721.3%), from €99 to €7,740
of which Non-recurring financial charges: +€7,500
- Gross operating margin +€2,315
up €2,315 (+34.0%), from -€6,817 to -€4,502
- Taxes +€1,665
up €1,665 (+148.8%), from €1,119 to €2,784
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 | €109,458 | €12,299 | -€97,159 | -88.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €80,000 | €0 | -€80,000 | -100.0% |
| Financial fixed assets | 28 | €80,000 | €0 | -€80,000 | -100.0% |
| Current assets | 29/58 | €29,458 | €12,299 | -€17,159 | -58.2% |
| Amounts receivable within one year | 40/41 | €20,276 | €1,620 | -€18,656 | -92.0% |
| Trade receivables | 40 | €20,276 | €0 | -€20,276 | -100.0% |
| Other amounts receivable | 41 | €0 | €1,620 | +€1,620 | |
| Cash at bank and in hand | 54/58 | €9,182 | €10,679 | +€1,497 | +16.3% |
| Total equity and liabilities | 10/49 | €109,458 | €12,299 | -€97,159 | -88.8% |
| Equity | 10/15 | €3,902 | €8,093 | +€4,191 | +107.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €902 | €5,093 | +€4,191 | +464.6% |
| Amounts payable | 17/49 | €105,556 | €4,206 | -€101,350 | -96.0% |
| Amounts payable within one year | 42/48 | €105,556 | €4,206 | -€101,350 | -96.0% |
| Trade debts | 44 | €3,158 | €303 | -€2,855 | -90.4% |
| Suppliers | 440/4 | €3,158 | €303 | -€2,855 | -90.4% |
| Taxes, remuneration and social security | 45 | €19,913 | €3,903 | -€16,011 | -80.4% |
| Taxes | 450/3 | €9,913 | €3,903 | -€6,011 | -60.6% |
| Remuneration and social security | 454/9 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts payable | 47/48 | €82,484 | €0 | -€82,484 | -100.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | - | -€415 | |
| Other operating charges | 640/8 | €12,940 | €783 | -€12,157 | -93.9% |
| Gross operating margin | 9900 | -€6,817 | -€4,502 | +€2,315 | +34.0% |
| Operating profit (loss) | 9901 | -€20,172 | -€5,285 | +€14,887 | +73.8% |
| Financial income | 75/76B | - | €20,000 | +€20,000 | |
| Recurring financial income | 75 | - | €20,000 | +€20,000 | |
| Non-recurring financial income | 76B | - | €20,000 | +€20,000 | |
| Financial charges | 65/66B | €99 | €7,740 | +€7,641 | +7721.3% |
| Recurring financial charges | 65 | €99 | €240 | +€141 | +142.5% |
| Non-recurring financial charges | 66B | - | €7,500 | +€7,500 | |
| Profit (loss) for the period before taxes | 9903 | -€20,271 | €6,975 | +€27,246 | |
| Income taxes | 67/77 | €1,119 | €2,784 | +€1,665 | +148.8% |
| Profit (loss) for the period | 9904 | -€21,390 | €4,191 | +€25,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,390 | €4,191 | +€25,581 |
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 12 October 2026 via checked.be.