FDK: 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.
FDK
Largest movements
- Tangible fixed assets +€65,731
up €65,731 (+10.7%), from €613,900 to €679,631
of which Furniture and vehicles: +€62,218
- Current investments -€59,824
no longer reported in 2026 (was €59,824)
- Cash +€57,928
new in 2026: €57,928
mainly Depreciation (+€73,849) and Debts after one year (+€67,351)
- Debts after one year +€67,351
up €67,351 (+19.8%), from €340,968 to €408,319
of which Financial debts: +€67,351
- Current portion of long-term debt +€18,677
up €18,677 (+42.5%), from €43,990 to €62,667
- Trade debts -€15,723
down €15,723 (-29.3%), from €53,608 to €37,885
- Gross operating margin +€135,947
up €135,947, from -€43,634 to €92,312
- Depreciation +€39,185
up €39,185 (+113%), from €34,664 to €73,849
- Financial charges +€7,750
up €7,750 (+62.4%), from €12,419 to €20,169
- Taxes +€6,185
up €6,185, from -€4,112 to €2,072
- Financial income +€4,519
up €4,519 (+66.0%), from €6,849 to €11,368
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €802,484 | €875,037 | +€72,553 | +9.0% |
| Fixed assets | 21/28 | €613,900 | €679,631 | +€65,731 | +10.7% |
| Tangible fixed assets | 22/27 | €613,900 | €679,631 | +€65,731 | +10.7% |
| Land and buildings | 22 | €557,466 | €504,404 | -€53,062 | -9.5% |
| Plant, machinery and equipment | 23 | €36,971 | €93,546 | +€56,575 | +153% |
| Furniture and vehicles | 24 | €19,463 | €81,682 | +€62,218 | +320% |
| Current assets | 29/58 | €188,584 | €195,406 | +€6,822 | +3.6% |
| Amounts receivable within one year | 40/41 | €128,760 | €137,478 | +€8,718 | +6.8% |
| Trade receivables | 40 | €29,216 | €27,792 | -€1,423 | -4.9% |
| Other amounts receivable | 41 | €99,545 | €109,686 | +€10,141 | +10.2% |
| Current investments | 50/53 | €59,824 | - | -€59,824 | |
| Cash at bank and in hand | 54/58 | - | €57,928 | +€57,928 | |
| Total equity and liabilities | 10/49 | €802,484 | €875,037 | +€72,553 | +9.0% |
| Equity | 10/15 | €358,575 | €366,166 | +€7,591 | +2.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €296,575 | €304,166 | +€7,591 | +2.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €290,375 | €297,966 | +€7,591 | +2.6% |
| Amounts payable | 17/49 | €443,909 | €508,872 | +€64,962 | +14.6% |
| Amounts payable after more than one year | 17 | €340,968 | €408,319 | +€67,351 | +19.8% |
| Financial debts | 170/4 | €339,425 | €406,775 | +€67,351 | +19.8% |
| Other amounts payable | 178/9 | €1,544 | €1,544 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,941 | €100,552 | -€2,388 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €43,990 | €62,667 | +€18,677 | +42.5% |
| Trade debts | 44 | €53,608 | €37,885 | -€15,723 | -29.3% |
| Suppliers | 440/4 | €53,608 | €37,885 | -€15,723 | -29.3% |
| Taxes, remuneration and social security | 45 | €5,343 | - | -€5,343 | |
| Taxes | 450/3 | €843 | - | -€843 | |
| Remuneration and social security | 454/9 | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,664 | €73,849 | +€39,185 | +113% |
| Gross operating margin | 9900 | -€43,634 | €92,312 | +€135,947 | |
| Operating profit (loss) | 9901 | -€78,298 | €18,464 | +€96,762 | |
| Financial income | 75/76B | €6,849 | €11,368 | +€4,519 | +66.0% |
| Recurring financial income | 75 | €6,849 | €11,368 | +€4,519 | +66.0% |
| Financial charges | 65/66B | €12,419 | €20,169 | +€7,750 | +62.4% |
| Recurring financial charges | 65 | €12,419 | €20,169 | +€7,750 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | -€83,868 | €9,663 | +€93,532 | |
| Income taxes | 67/77 | -€4,112 | €2,072 | +€6,185 | |
| Profit (loss) for the period | 9904 | -€79,756 | €7,591 | +€87,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,756 | €7,591 | +€87,347 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.