FDM Connect: 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.
FDM Connect
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Cash +€22,180
up €22,180 (+176.1%), from €12,597 to €34,777
mainly Net result for the year (+€107,903) and Tax, wage and social debts (+€32,235)
- Profit (loss) carried forward +€107,903
up €107,903 (+106.4%), from €101,404 to €209,307
- Tax, wage and social debts +€32,235
up €32,235 (+74.7%), from €43,142 to €75,378
- Gross operating margin +€19,254
up €19,254 (+14.7%), from €131,323 to €150,577
- Depreciation +€9,960
up €9,960 (+696.5%), from €1,430 to €11,390
- Taxes +€2,617
up €2,617 (+9.2%), from €28,346 to €30,963
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 | €149,983 | €290,978 | +€140,995 | +94.0% |
| Fixed assets | 21/28 | €44,218 | €41,327 | -€2,890 | -6.5% |
| Tangible fixed assets | 22/27 | €44,218 | €41,327 | -€2,890 | -6.5% |
| Furniture and vehicles | 24 | €43,432 | €40,730 | -€2,702 | -6.2% |
| Other tangible fixed assets | 26 | €785 | €597 | -€188 | -24.0% |
| Current assets | 29/58 | €105,765 | €249,650 | +€143,885 | +136.0% |
| Stocks and contracts in progress | 3 | €7,425 | €7,425 | = | 0.0% |
| Stocks | 30/36 | €7,425 | €7,425 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,743 | €86,696 | +€954 | +1.1% |
| Trade receivables | 40 | €85,088 | €86,691 | +€1,603 | +1.9% |
| Other amounts receivable | 41 | €655 | €6 | -€649 | -99.1% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €12,597 | €34,777 | +€22,180 | +176.1% |
| Deferred charges and accrued income | 490/1 | - | €752 | +€752 | |
| Total equity and liabilities | 10/49 | €149,983 | €290,978 | +€140,995 | +94.0% |
| Equity | 10/15 | €106,404 | €214,307 | +€107,903 | +101.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,404 | €209,307 | +€107,903 | +106.4% |
| Amounts payable | 17/49 | €43,578 | €76,670 | +€33,092 | +75.9% |
| Amounts payable within one year | 42/48 | €43,572 | €76,670 | +€33,098 | +76.0% |
| Trade debts | 44 | €429 | €554 | +€125 | +29.0% |
| Suppliers | 440/4 | €429 | €554 | +€125 | +29.0% |
| Taxes, remuneration and social security | 45 | €43,142 | €75,378 | +€32,235 | +74.7% |
| Taxes | 450/3 | €43,142 | €75,378 | +€32,235 | +74.7% |
| Other amounts payable | 47/48 | - | €738 | +€738 | |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,430 | €11,390 | +€9,960 | +696.5% |
| Other operating charges | 640/8 | €5 | €120 | +€115 | +2185.7% |
| Gross operating margin | 9900 | €131,323 | €150,577 | +€19,254 | +14.7% |
| Operating profit (loss) | 9901 | €129,888 | €139,066 | +€9,179 | +7.1% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.6% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.6% |
| Financial charges | 65/66B | €157 | €200 | +€43 | +27.7% |
| Recurring financial charges | 65 | €157 | €200 | +€43 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €129,751 | €138,866 | +€9,116 | +7.0% |
| Income taxes | 67/77 | €28,346 | €30,963 | +€2,617 | +9.2% |
| Profit (loss) for the period | 9904 | €101,404 | €107,903 | +€6,499 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,404 | €107,903 | +€6,499 | +6.4% |
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 9 October 2026 via checked.be.