FDM: 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.
FDM
Largest movements
- Receivables within one year +€17,073
up €17,073 (+34.2%), from €49,851 to €66,924
- Cash -€9,341
down €9,341 (-82.9%), from €11,273 to €1,932
mainly Receivables within one year (-€17,073) and Net result for the year (-€745)
- Tangible fixed assets -€8,539
down €8,539 (-14.2%), from €60,169 to €51,629
of which Land and buildings: -€7,519
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€6,140
down €6,140 (-65.9%), from €9,318 to €3,178
- Other operating charges -€1,834
down €1,834 (-43.0%), from €4,260 to €2,427
- Gross operating margin +€861
up €861 (+13.3%), from €6,486 to €7,347
- Financial charges -€602
down €602 (-72.4%), from €831 to €229
- Depreciation +€375
up €375 (+4.6%), from €8,164 to €8,539
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 | €122,377 | €121,626 | -€751 | -0.6% |
| Fixed assets | 21/28 | €60,169 | €51,629 | -€8,539 | -14.2% |
| Tangible fixed assets | 22/27 | €60,169 | €51,629 | -€8,539 | -14.2% |
| Land and buildings | 22 | €55,714 | €48,195 | -€7,519 | -13.5% |
| Plant, machinery and equipment | 23 | €4,454 | €3,435 | -€1,020 | -22.9% |
| Current assets | 29/58 | €62,208 | €69,997 | +€7,789 | +12.5% |
| Amounts receivable within one year | 40/41 | €49,851 | €66,924 | +€17,073 | +34.2% |
| Other amounts receivable | 41 | €49,851 | €66,924 | +€17,073 | +34.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,273 | €1,932 | -€9,341 | -82.9% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,141 | +€57 | +5.2% |
| Total equity and liabilities | 10/49 | €122,377 | €121,626 | -€751 | -0.6% |
| Equity | 10/15 | €121,974 | €121,229 | -€745 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,470 | €49,470 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,520 | €8,520 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €6,660 | €6,660 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,950 | €40,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,904 | €53,159 | -€745 | -1.4% |
| Amounts payable | 17/49 | €403 | €398 | -€5 | -1.3% |
| Amounts payable within one year | 42/48 | €403 | €398 | -€5 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €329 | €0 | -€329 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | - | €323 | +€323 | |
| Suppliers | 440/4 | - | €323 | +€323 | |
| Taxes, remuneration and social security | 45 | €74 | €75 | +€1 | +1.0% |
| Taxes | 450/3 | €74 | €75 | +€1 | +1.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,164 | €8,539 | +€375 | +4.6% |
| Other operating charges | 640/8 | €4,260 | €2,427 | -€1,834 | -43.0% |
| Gross operating margin | 9900 | €6,486 | €7,347 | +€861 | +13.3% |
| Operating profit (loss) | 9901 | -€5,939 | -€3,619 | +€2,320 | +39.1% |
| Financial income | 75/76B | €9,318 | €3,178 | -€6,140 | -65.9% |
| Recurring financial income | 75 | €9,318 | €3,178 | -€6,140 | -65.9% |
| Financial charges | 65/66B | €831 | €229 | -€602 | -72.4% |
| Recurring financial charges | 65 | €831 | €229 | -€602 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €2,548 | -€670 | -€3,219 | |
| Income taxes | 67/77 | €74 | €75 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €2,474 | -€745 | -€3,219 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,474 | -€745 | -€3,219 |
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 29 September 2026 via checked.be.