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 +€71,778
up €71,778 (+1,080%), from €6,648 to €78,426
mainly Receivables within one year (+€46,219) and Other debts (+€29,114)
- Receivables within one year -€46,219
down €46,219 (-67.3%), from €68,652 to €22,433
of which Trade receivables: -€43,560
- Tangible fixed assets +€15,009
up €15,009 (+4.3%), from €352,593 to €367,602
of which Furniture and vehicles: +€22,045
- Other debts +€29,114
up €29,114 (+2,284%), from €1,275 to €30,389
- Reserves -€11,329
down €11,329 (-8.5%), from €133,142 to €121,813
- Current portion of long-term debt +€9,982
up €9,982 (+71.7%), from €13,927 to €23,909
- Tax, wage and social debts +€8,389
up €8,389 (+56.0%), from €14,976 to €23,365
of which Remuneration and social security: +€6,015
- Profit (loss) carried forward +€4,841
no longer reported in 2025 (was -€4,841)
- Other operating charges -€42,105
down €42,105 (-95.4%), from €44,117 to €2,012
- Gross operating margin +€12,956
up €12,956 (+25.9%), from €49,987 to €62,943
- Depreciation +€9,930
up €9,930 (+141%), from €7,027 to €16,957
- Taxes +€8,950
up €8,950 (+4,400%), from €203 to €9,154
- Financial charges +€5,912
up €5,912 (+97.9%), from €6,039 to €11,950
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 | €430,009 | €470,830 | +€40,821 | +9.5% |
| Fixed assets | 21/28 | €352,689 | €367,602 | +€14,913 | +4.2% |
| Tangible fixed assets | 22/27 | €352,593 | €367,602 | +€15,009 | +4.3% |
| Land and buildings | 22 | €327,596 | €322,096 | -€5,500 | -1.7% |
| Plant, machinery and equipment | 23 | €3,959 | €2,771 | -€1,187 | -30.0% |
| Furniture and vehicles | 24 | €18,624 | €40,670 | +€22,045 | +118% |
| Other tangible fixed assets | 26 | €2,415 | €2,066 | -€349 | -14.4% |
| Financial fixed assets | 28 | €96 | - | -€96 | |
| Current assets | 29/58 | €77,320 | €103,228 | +€25,908 | +33.5% |
| Amounts receivable within one year | 40/41 | €68,652 | €22,433 | -€46,219 | -67.3% |
| Trade receivables | 40 | €65,340 | €21,780 | -€43,560 | -66.7% |
| Other amounts receivable | 41 | €3,312 | €653 | -€2,659 | -80.3% |
| Cash at bank and in hand | 54/58 | €6,648 | €78,426 | +€71,778 | +1,080% |
| Deferred charges and accrued income | 490/1 | €2,020 | €2,369 | +€350 | +17.3% |
| Total equity and liabilities | 10/49 | €430,009 | €470,830 | +€40,821 | +9.5% |
| Equity | 10/15 | €134,501 | €128,013 | -€6,488 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,142 | €121,813 | -€11,329 | -8.5% |
| Distributable reserves | 133 | €133,142 | €121,813 | -€11,329 | -8.5% |
| Profit (loss) carried forward | 14 | -€4,841 | - | +€4,841 | |
| Amounts payable | 17/49 | €295,508 | €342,817 | +€47,309 | +16.0% |
| Amounts payable after more than one year | 17 | €260,441 | €262,301 | +€1,860 | +0.7% |
| Financial debts | 170/4 | €260,441 | €262,301 | +€1,860 | +0.7% |
| Amounts payable within one year | 42/48 | €35,067 | €80,516 | +€45,448 | +130% |
| Current portion of amounts payable after more than one year | 42 | €13,927 | €23,909 | +€9,982 | +71.7% |
| Trade debts | 44 | €4,890 | €2,853 | -€2,037 | -41.7% |
| Suppliers | 440/4 | €4,890 | €2,853 | -€2,037 | -41.7% |
| Taxes, remuneration and social security | 45 | €14,976 | €23,365 | +€8,389 | +56.0% |
| Taxes | 450/3 | €14,976 | €17,350 | +€2,374 | +15.9% |
| Remuneration and social security | 454/9 | - | €6,015 | +€6,015 | |
| Other amounts payable | 47/48 | €1,275 | €30,389 | +€29,114 | +2,284% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,027 | €16,957 | +€9,930 | +141% |
| Other operating charges | 640/8 | €44,117 | €2,012 | -€42,105 | -95.4% |
| Gross operating margin | 9900 | €49,987 | €62,943 | +€12,956 | +25.9% |
| Operating profit (loss) | 9901 | -€1,156 | €43,975 | +€45,131 | |
| Financial income | 75/76B | €656 | €33 | -€622 | -94.9% |
| Recurring financial income | 75 | €656 | €33 | -€622 | -94.9% |
| Financial charges | 65/66B | €6,039 | €11,950 | +€5,912 | +97.9% |
| Recurring financial charges | 65 | €6,039 | €11,950 | +€5,912 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,539 | €32,058 | +€38,597 | |
| Income taxes | 67/77 | €203 | €9,154 | +€8,950 | +4,400% |
| Profit (loss) for the period | 9904 | -€6,743 | €22,904 | +€29,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,743 | €22,904 | +€29,647 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.