FDH: 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.
FDH
Largest movements
- Cash +€39,501
up €39,501 (+323.9%), from €12,196 to €51,696
mainly Net result for the year (+€67,324) and Depreciation (+€22,358)
- Tangible fixed assets -€22,358
down €22,358 (-32.0%), from €69,874 to €47,515
- Receivables within one year -€19,113
down €19,113 (-53.3%), from €35,844 to €16,732
of which Trade receivables: -€19,975
- Other debts -€1,626
down €1,626 (-1.7%), from €95,707 to €94,081
- Gross operating margin -€15,095
down €15,095 (-11.9%), from €126,744 to €111,648
- Taxes -€2,452
down €2,452 (-10.6%), from €23,209 to €20,757
- Depreciation +€1,882
up €1,882 (+9.2%), from €20,476 to €22,358
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 | €118,693 | €116,755 | -€1,938 | -1.6% |
| Fixed assets | 21/28 | €69,874 | €47,515 | -€22,358 | -32.0% |
| Tangible fixed assets | 22/27 | €69,874 | €47,515 | -€22,358 | -32.0% |
| Furniture and vehicles | 24 | €69,874 | €47,515 | -€22,358 | -32.0% |
| Current assets | 29/58 | €48,820 | €69,240 | +€20,420 | +41.8% |
| Amounts receivable within one year | 40/41 | €35,844 | €16,732 | -€19,113 | -53.3% |
| Trade receivables | 40 | €34,945 | €14,970 | -€19,975 | -57.2% |
| Other amounts receivable | 41 | €899 | €1,762 | +€862 | +95.9% |
| Cash at bank and in hand | 54/58 | €12,196 | €51,696 | +€39,501 | +323.9% |
| Deferred charges and accrued income | 490/1 | €779 | €811 | +€32 | +4.1% |
| Total equity and liabilities | 10/49 | €118,693 | €116,755 | -€1,938 | -1.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €100,093 | €98,155 | -€1,938 | -1.9% |
| Amounts payable within one year | 42/48 | €99,324 | €97,030 | -€2,294 | -2.3% |
| Trade debts | 44 | €45 | €34 | -€11 | -24.5% |
| Suppliers | 440/4 | €45 | €34 | -€11 | -24.5% |
| Taxes, remuneration and social security | 45 | €3,572 | €2,915 | -€657 | -18.4% |
| Taxes | 450/3 | €3,572 | €2,915 | -€657 | -18.4% |
| Other amounts payable | 47/48 | €95,707 | €94,081 | -€1,626 | -1.7% |
| Accrued charges and deferred income | 492/3 | €769 | €1,125 | +€356 | +46.2% |
| Non-recurring operating income | 76A | €16,000 | €0 | -€16,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,476 | €22,358 | +€1,882 | +9.2% |
| Other operating charges | 640/8 | €1,639 | €1,109 | -€530 | -32.3% |
| Gross operating margin | 9900 | €126,744 | €111,648 | -€15,095 | -11.9% |
| Operating profit (loss) | 9901 | €104,628 | €88,181 | -€16,447 | -15.7% |
| Financial income | 75/76B | €84 | €63 | -€22 | -25.7% |
| Recurring financial income | 75 | €84 | €63 | -€22 | -25.7% |
| Financial charges | 65/66B | €155 | €162 | +€7 | +4.7% |
| Recurring financial charges | 65 | €155 | €162 | +€7 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €104,558 | €88,082 | -€16,476 | -15.8% |
| Income taxes | 67/77 | €23,209 | €20,757 | -€2,452 | -10.6% |
| Profit (loss) for the period | 9904 | €81,348 | €67,324 | -€14,024 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,348 | €67,324 | -€14,024 | -17.2% |
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.