FDLM: 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.
FDLM
Largest movements
- Stocks and contracts -€19,446
down €19,446 (-98.2%), from €19,802 to €357
- Tangible fixed assets -€8,754
down €8,754 (-10.5%), from €83,562 to €74,808
of which Furniture and vehicles: -€6,328
- Receivables within one year +€4,159
up €4,159 (+73.2%), from €5,682 to €9,841
of which Other amounts receivable: +€2,633
- Debts after one year -€12,015
down €12,015 (-90.7%), from €13,250 to €1,235
- Other debts -€10,759
down €10,759 (-21.1%), from €51,038 to €40,280
- Current portion of long-term debt -€6,240
down €6,240 (-34.2%), from €18,255 to €12,015
- Trade debts +€6,078
up €6,078 (+237.2%), from €2,562 to €8,640
- Tax, wage and social debts -€2,167
down €2,167 (-20.7%), from €10,458 to €8,291
- Gross operating margin -€16,471
down €16,471 (-60.4%), from €27,254 to €10,783
- Taxes -€4,061
down €4,061 (-91.7%), from €4,428 to €367
- Depreciation -€1,617
down €1,617 (-15.6%), from €10,371 to €8,754
- Financial charges -€604
down €604 (-50.3%), from €1,199 to €596
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 | €110,730 | €85,998 | -€24,732 | -22.3% |
| Fixed assets | 21/28 | €83,562 | €74,808 | -€8,754 | -10.5% |
| Tangible fixed assets | 22/27 | €83,562 | €74,808 | -€8,754 | -10.5% |
| Plant, machinery and equipment | 23 | €2,718 | €1,176 | -€1,542 | -56.7% |
| Furniture and vehicles | 24 | €75,903 | €69,575 | -€6,328 | -8.3% |
| Other tangible fixed assets | 26 | €4,941 | €4,058 | -€884 | -17.9% |
| Current assets | 29/58 | €27,168 | €11,190 | -€15,978 | -58.8% |
| Stocks and contracts in progress | 3 | €19,802 | €357 | -€19,446 | -98.2% |
| Stocks | 30/36 | €19,802 | €357 | -€19,446 | -98.2% |
| Amounts receivable within one year | 40/41 | €5,682 | €9,841 | +€4,159 | +73.2% |
| Trade receivables | 40 | €5,682 | €7,208 | +€1,526 | +26.8% |
| Other amounts receivable | 41 | - | €2,633 | +€2,633 | |
| Cash at bank and in hand | 54/58 | €1,509 | €812 | -€697 | -46.2% |
| Deferred charges and accrued income | 490/1 | €174 | €181 | +€6 | +3.5% |
| Total equity and liabilities | 10/49 | €110,730 | €85,998 | -€24,732 | -22.3% |
| Equity | 10/15 | €15,166 | €15,538 | +€372 | +2.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,166 | €14,538 | +€372 | +2.6% |
| Distributable reserves | 133 | €14,166 | €14,538 | +€372 | +2.6% |
| Amounts payable | 17/49 | €95,564 | €70,460 | -€25,104 | -26.3% |
| Amounts payable after more than one year | 17 | €13,250 | €1,235 | -€12,015 | -90.7% |
| Financial debts | 170/4 | €13,250 | €1,235 | -€12,015 | -90.7% |
| Amounts payable within one year | 42/48 | €82,313 | €69,225 | -€13,089 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €18,255 | €12,015 | -€6,240 | -34.2% |
| Trade debts | 44 | €2,562 | €8,640 | +€6,078 | +237.2% |
| Suppliers | 440/4 | €2,562 | €8,640 | +€6,078 | +237.2% |
| Taxes, remuneration and social security | 45 | €10,458 | €8,291 | -€2,167 | -20.7% |
| Taxes | 450/3 | €10,458 | €8,291 | -€2,167 | -20.7% |
| Other amounts payable | 47/48 | €51,038 | €40,280 | -€10,759 | -21.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,371 | €8,754 | -€1,617 | -15.6% |
| Other operating charges | 640/8 | €642 | €719 | +€76 | +11.9% |
| Gross operating margin | 9900 | €27,254 | €10,783 | -€16,471 | -60.4% |
| Operating profit (loss) | 9901 | €16,241 | €1,311 | -€14,930 | -91.9% |
| Financial income | 75/76B | €9 | €24 | +€15 | +175.5% |
| Recurring financial income | 75 | €9 | €24 | +€15 | +175.5% |
| Financial charges | 65/66B | €1,199 | €596 | -€604 | -50.3% |
| Recurring financial charges | 65 | €1,199 | €596 | -€604 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €15,050 | €739 | -€14,311 | -95.1% |
| Income taxes | 67/77 | €4,428 | €367 | -€4,061 | -91.7% |
| Profit (loss) for the period | 9904 | €10,622 | €372 | -€10,251 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,622 | €372 | -€10,251 | -96.5% |
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 8 October 2026 via checked.be.