FDL PRODUCTS: 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.
FDL PRODUCTS
Largest movements
- Receivables within one year +€68,399
up €68,399 (+41.2%), from €166,116 to €234,514
of which Trade receivables: +€70,360
- Tangible fixed assets -€21,601
down €21,601 (-50.8%), from €42,508 to €20,907
- Cash +€16,304
up €16,304 (+40.5%), from €40,238 to €56,543
mainly Trade debts (+€149,551) and Other debts (+€17,570)
- Deferred charges and accrued income -€6,698
down €6,698 (-90.8%), from €7,378 to €679
- Trade debts +€149,551
up €149,551 (+166%), from €89,928 to €239,480
- Tax, wage and social debts -€97,633
down €97,633 (-61.7%), from €158,359 to €60,726
of which Taxes: -€77,284
- Profit (loss) carried forward -€18,704
down €18,704 (-6.2%), from -€300,848 to -€319,553
- Other debts +€17,570
up €17,570 (+6.7%), from €263,113 to €280,683
- Accrued charges and deferred income +€15,750
new in 2025: €15,750
- Staff costs -€99,642
down €99,642 (-97.8%), from €101,874 to €2,233
- Taxes -€44,702
down €44,702 (-97.1%), from €46,020 to €1,319
- Other operating charges -€43,720
down €43,720 (-82.1%), from €53,235 to €9,514
- Gross operating margin +€33,620
up €33,620, from -€7,704 to €25,917
- Financial charges +€9,472
up €9,472 (+65.9%), from €14,381 to €23,853
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 | €304,989 | €361,393 | +€56,403 | +18.5% |
| Fixed assets | 21/28 | €42,508 | €20,907 | -€21,601 | -50.8% |
| Tangible fixed assets | 22/27 | €42,508 | €20,907 | -€21,601 | -50.8% |
| Plant, machinery and equipment | 23 | €3,273 | €2,443 | -€830 | -25.4% |
| Furniture and vehicles | 24 | €8,046 | €5,654 | -€2,392 | -29.7% |
| Leasing and similar rights | 25 | €10,655 | - | -€10,655 | |
| Other tangible fixed assets | 26 | €20,533 | €12,809 | -€7,724 | -37.6% |
| Current assets | 29/58 | €262,482 | €340,486 | +€78,004 | +29.7% |
| Stocks and contracts in progress | 3 | €48,750 | €48,750 | = | 0.0% |
| Stocks | 30/36 | €48,750 | €48,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €166,116 | €234,514 | +€68,399 | +41.2% |
| Trade receivables | 40 | €112,455 | €182,815 | +€70,360 | +62.6% |
| Other amounts receivable | 41 | €53,661 | €51,700 | -€1,961 | -3.7% |
| Cash at bank and in hand | 54/58 | €40,238 | €56,543 | +€16,304 | +40.5% |
| Deferred charges and accrued income | 490/1 | €7,378 | €679 | -€6,698 | -90.8% |
| Total equity and liabilities | 10/49 | €304,989 | €361,393 | +€56,403 | +18.5% |
| Equity | 10/15 | -€280,388 | -€299,093 | -€18,704 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,848 | -€319,553 | -€18,704 | -6.2% |
| Amounts payable | 17/49 | €585,378 | €660,486 | +€75,108 | +12.8% |
| Amounts payable after more than one year | 17 | €3,219 | - | -€3,219 | |
| Financial debts | 170/4 | €3,219 | - | -€3,219 | |
| Amounts payable within one year | 42/48 | €582,159 | €644,736 | +€62,576 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €7,608 | - | -€7,608 | |
| Financial debts | 43 | €34,824 | €47,040 | +€12,216 | +35.1% |
| Credit institutions | 430/8 | €34,824 | €47,040 | +€12,216 | +35.1% |
| Trade debts | 44 | €89,928 | €239,480 | +€149,551 | +166% |
| Suppliers | 440/4 | €89,928 | €239,480 | +€149,551 | +166% |
| Advances received on contracts in progress | 46 | €28,327 | €16,807 | -€11,520 | -40.7% |
| Taxes, remuneration and social security | 45 | €158,359 | €60,726 | -€97,633 | -61.7% |
| Taxes | 450/3 | €129,713 | €52,429 | -€77,284 | -59.6% |
| Remuneration and social security | 454/9 | €28,646 | €8,297 | -€20,349 | -71.0% |
| Other amounts payable | 47/48 | €263,113 | €280,683 | +€17,570 | +6.7% |
| Accrued charges and deferred income | 492/3 | - | €15,750 | +€15,750 | |
| Remuneration, social security and pensions | 62 | €101,874 | €2,233 | -€99,642 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,356 | €10,946 | -€7,410 | -40.4% |
| Other operating charges | 640/8 | €53,235 | €9,514 | -€43,720 | -82.1% |
| Gross operating margin | 9900 | -€7,704 | €25,917 | +€33,620 | |
| Operating profit (loss) | 9901 | -€181,168 | €3,224 | +€184,392 | |
| Financial income | 75/76B | €2,505 | €3,243 | +€738 | +29.5% |
| Recurring financial income | 75 | €2,505 | €3,243 | +€738 | +29.5% |
| Financial charges | 65/66B | €14,381 | €23,853 | +€9,472 | +65.9% |
| Recurring financial charges | 65 | €14,381 | €23,853 | +€9,472 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | -€193,044 | -€17,386 | +€175,658 | +91.0% |
| Income taxes | 67/77 | €46,020 | €1,319 | -€44,702 | -97.1% |
| Profit (loss) for the period | 9904 | -€239,064 | -€18,704 | +€220,360 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€239,064 | -€18,704 | +€220,360 | +92.2% |
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 31 October 2026 via checked.be.