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FDH sprl: what changed

Two fiscal 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.

What changed

FDH sprl

BE 0452.030.985
NACE 46.392, Non-specialised wholesale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€34,336
2024 · €65,758-€31,421
Equity
€238,571
2024 · €204,235+€34,336
Cash
€275,591
2024 · €249,942+€25,649
Balance sheet total
€323,635
2024 · €310,093+€13,542

Largest movements

2024 to 2025
Assets
  • Cash +€25,649

    up €25,649 (+10.3%), from €249,942 to €275,591

    mainly Net result for the year (+€34,336) and Depreciation (+€10,596)

  • Tangible fixed assets -€10,596

    down €10,596 (-21.2%), from €50,076 to €39,480

    of which Furniture and vehicles: -€10,596

Equity and liabilities
  • Reserves +€34,336

    up €34,336 (+23.3%), from €147,458 to €181,794

    of which Distributable reserves: +€34,336

  • Other debts -€20,055

    down €20,055 (-20.5%), from €97,946 to €77,891

Income statement
  • Gross operating margin -€38,982

    down €38,982 (-36.2%), from €107,820 to €68,838

  • Taxes -€14,160

    down €14,160 (-44.8%), from €31,591 to €17,431

  • Depreciation +€7,147

    up €7,147 (+207.2%), from €3,449 to €10,596

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €65,758
Gross operating margin -€38,982
Depreciation -€7,147
Other operating charges -€689
Financial income +€459
Financial charges +€778
Taxes +€14,160
Result 2025 €34,336

Cash bridge derived

cash 2024 to 2025

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.

From operations +€25,649
Investment €0
Financing €0
Cash 2024 €249,942
Net result for the year +€34,336
Depreciation +€10,596
Receivables within one year +€2,658
Deferred charges and accrued income -€1,147
Trade debts +€1,341
Tax, wage and social debts -€2,115
Other debts -€20,055
Accrued charges and deferred income +€35
Cash 2025 €275,591
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €310,093 €323,635 +€13,542 +4.4%
Fixed assets 21/28 €50,076 €39,480 -€10,596 -21.2%
Tangible fixed assets 22/27 €50,076 €39,480 -€10,596 -21.2%
Furniture and vehicles 24 €50,076 €39,480 -€10,596 -21.2%
Other tangible fixed assets 26 €0 - =
Current assets 29/58 €260,016 €284,155 +€24,138 +9.3%
Amounts receivable within one year 40/41 €2,691 €33 -€2,658 -98.8%
Trade receivables 40 €2,691 €33 -€2,658 -98.8%
Other amounts receivable 41 €0 - =
Current investments 50/53 €5,000 €5,000 = 0.0%
Cash at bank and in hand 54/58 €249,942 €275,591 +€25,649 +10.3%
Deferred charges and accrued income 490/1 €2,384 €3,531 +€1,147 +48.1%
Total equity and liabilities 10/49 €310,093 €323,635 +€13,542 +4.4%
Equity 10/15 €204,235 €238,571 +€34,336 +16.8%
Contributions 10/11 €18,592 €18,592 = 0.0%
Reserves 13 €147,458 €181,794 +€34,336 +23.3%
Non-distributable reserves 130/1 €1,859 €1,859 = 0.0%
Reserves not available under the articles 1311 €1,859 €1,859 = 0.0%
Distributable reserves 133 €145,598 €179,935 +€34,336 +23.6%
Profit (loss) carried forward 14 €38,185 €38,185 = 0.0%
Amounts payable 17/49 €105,858 €85,064 -€20,794 -19.6%
Amounts payable within one year 42/48 €105,138 €84,308 -€20,829 -19.8%
Trade debts 44 - €1,341 +€1,341
Suppliers 440/4 - €1,341 +€1,341
Taxes, remuneration and social security 45 €7,192 €5,077 -€2,115 -29.4%
Taxes 450/3 €7,192 €5,077 -€2,115 -29.4%
Other amounts payable 47/48 €97,946 €77,891 -€20,055 -20.5%
Accrued charges and deferred income 492/3 €721 €756 +€35 +4.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €3,449 €10,596 +€7,147 +207.2%
Other operating charges 640/8 €1,377 €2,067 +€689 +50.0%
Gross operating margin 9900 €107,820 €68,838 -€38,982 -36.2%
Operating profit (loss) 9901 €102,994 €56,175 -€46,818 -45.5%
Financial income 75/76B €1,532 €1,990 +€459 +29.9%
Recurring financial income 75 €1,532 €1,990 +€459 +29.9%
Financial charges 65/66B €7,176 €6,398 -€778 -10.8%
Recurring financial charges 65 €7,176 €6,398 -€778 -10.8%
Profit (loss) for the period before taxes 9903 €97,349 €51,767 -€45,582 -46.8%
Income taxes 67/77 €31,591 €17,431 -€14,160 -44.8%
Profit (loss) for the period 9904 €65,758 €34,336 -€31,421 -47.8%
Profit (loss) for the period to be appropriated 9905 €65,758 €34,336 -€31,421 -47.8%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.