FDM PRINT GROUP: 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 PRINT GROUP
Largest movements
- Receivables within one year -€181,978
down €181,978 (-59.7%), from €304,633 to €122,655
of which Trade receivables: -€177,895
- Tangible fixed assets -€62,456
down €62,456 (-87.0%), from €71,817 to €9,361
of which Leasing and similar rights: -€59,861
- Cash -€20,200
down €20,200 (-25.9%), from €78,143 to €57,943
mainly Trade debts (-€189,277) and Current portion of long-term debt (-€43,260)
- Intangible fixed assets -€6,654
down €6,654 (-4.4%), from €152,233 to €145,579
- Trade debts -€189,277
down €189,277 (-42.8%), from €442,677 to €253,400
- Current portion of long-term debt -€43,260
down €43,260 (-92.9%), from €46,545 to €3,285
- Debts after one year -€25,166
down €25,166 (-100%), from €25,166 to €0
- Profit (loss) carried forward -€9,480
down €9,480 (-41.7%), from €22,714 to €13,234
- Gross operating margin -€73,103
down €73,103 (-59.3%), from €123,369 to €50,266
- Depreciation -€26,439
down €26,439 (-36.0%), from €73,518 to €47,079
- Financial charges -€7,643
down €7,643 (-47.2%), from €16,182 to €8,540
- Taxes -€7,407
down €7,407 (-100%), from €7,407 to €0
- Other operating charges -€4,765
down €4,765 (-77.1%), from €6,184 to €1,419
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 | €606,827 | €337,237 | -€269,590 | -44.4% |
| Fixed assets | 21/28 | €224,050 | €154,940 | -€69,111 | -30.8% |
| Intangible fixed assets | 21 | €152,233 | €145,579 | -€6,654 | -4.4% |
| Tangible fixed assets | 22/27 | €71,817 | €9,361 | -€62,456 | -87.0% |
| Plant, machinery and equipment | 23 | €3,370 | €1,328 | -€2,041 | -60.6% |
| Furniture and vehicles | 24 | €952 | €398 | -€554 | -58.2% |
| Leasing and similar rights | 25 | €67,496 | €7,634 | -€59,861 | -88.7% |
| Current assets | 29/58 | €382,776 | €182,297 | -€200,479 | -52.4% |
| Amounts receivable within one year | 40/41 | €304,633 | €122,655 | -€181,978 | -59.7% |
| Trade receivables | 40 | €234,262 | €56,367 | -€177,895 | -75.9% |
| Other amounts receivable | 41 | €70,371 | €66,288 | -€4,083 | -5.8% |
| Cash at bank and in hand | 54/58 | €78,143 | €57,943 | -€20,200 | -25.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,699 | +€1,699 | |
| Total equity and liabilities | 10/49 | €606,827 | €337,237 | -€269,590 | -44.4% |
| Equity | 10/15 | €90,032 | €80,551 | -€9,480 | -10.5% |
| Contributions | 10/11 | €3,987 | €3,987 | = | 0.0% |
| Reserves | 13 | €63,331 | €63,331 | = | 0.0% |
| Distributable reserves | 133 | €63,331 | €63,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,714 | €13,234 | -€9,480 | -41.7% |
| Amounts payable | 17/49 | €516,795 | €256,685 | -€260,110 | -50.3% |
| Amounts payable after more than one year | 17 | €25,166 | €0 | -€25,166 | -100% |
| Financial debts | 170/4 | €25,166 | €0 | -€25,166 | -100% |
| Amounts payable within one year | 42/48 | €491,629 | €256,685 | -€234,944 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €46,545 | €3,285 | -€43,260 | -92.9% |
| Trade debts | 44 | €442,677 | €253,400 | -€189,277 | -42.8% |
| Suppliers | 440/4 | €442,677 | €253,400 | -€189,277 | -42.8% |
| Taxes, remuneration and social security | 45 | €2,407 | €0 | -€2,407 | -100% |
| Taxes | 450/3 | €2,407 | €0 | -€2,407 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €23,067 | +€23,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,518 | €47,079 | -€26,439 | -36.0% |
| Other operating charges | 640/8 | €6,184 | €1,419 | -€4,765 | -77.1% |
| Non-recurring operating charges | 66A | - | €2,967 | +€2,967 | |
| Gross operating margin | 9900 | €123,369 | €50,266 | -€73,103 | -59.3% |
| Operating profit (loss) | 9901 | €43,667 | -€1,199 | -€44,866 | |
| Financial income | 75/76B | €2,027 | €259 | -€1,768 | -87.2% |
| Recurring financial income | 75 | €2,027 | €259 | -€1,768 | -87.2% |
| Financial charges | 65/66B | €16,182 | €8,540 | -€7,643 | -47.2% |
| Recurring financial charges | 65 | €16,182 | €8,540 | -€7,643 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €29,512 | -€9,480 | -€38,992 | |
| Income taxes | 67/77 | €7,407 | €0 | -€7,407 | -100% |
| Profit (loss) for the period | 9904 | €22,105 | -€9,480 | -€31,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,105 | -€9,480 | -€31,585 |
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 15 October 2026 via checked.be.