FDMDH: 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.
FDMDH
Largest movements
- Receivables within one year +€15,437
up €15,437 (+902%), from €1,712 to €17,149
of which Trade receivables: +€13,093
- Tangible fixed assets -€3,659
down €3,659 (-5.1%), from €71,986 to €68,327
- Other debts +€23,415
up €23,415 (+27.8%), from €84,146 to €107,561
- Profit (loss) carried forward -€12,588
down €12,588 (-237%), from -€5,311 to -€17,899
- Trade debts +€1,195
up €1,195 (+75.6%), from €1,579 to €2,774
- Financial charges +€3,859
up €3,859 (+162%), from €2,380 to €6,239
- Depreciation +€2,591
up €2,591 (+181%), from €1,428 to €4,019
- Gross operating margin -€791
down €791 (-75.0%), from -€1,055 to -€1,846
- Other operating charges +€159
up €159 (+35.4%), from €448 to €607
- Financial income +€123
new in 2025: €123
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 | €82,573 | €94,919 | +€12,346 | +15.0% |
| Formation expenses | 20 | €1,562 | €1,202 | -€360 | -23.0% |
| Fixed assets | 21/28 | €71,986 | €68,327 | -€3,659 | -5.1% |
| Tangible fixed assets | 22/27 | €71,986 | €68,327 | -€3,659 | -5.1% |
| Land and buildings | 22 | €71,986 | €68,327 | -€3,659 | -5.1% |
| Current assets | 29/58 | €9,025 | €25,390 | +€16,365 | +181% |
| Amounts receivable within one year | 40/41 | €1,712 | €17,149 | +€15,437 | +902% |
| Trade receivables | 40 | €1,339 | €14,433 | +€13,093 | +978% |
| Other amounts receivable | 41 | €373 | €2,717 | +€2,344 | +629% |
| Cash at bank and in hand | 54/58 | €7,313 | €8,240 | +€928 | +12.7% |
| Total equity and liabilities | 10/49 | €82,573 | €94,919 | +€12,346 | +15.0% |
| Equity | 10/15 | -€3,311 | -€15,899 | -€12,588 | -380% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,311 | -€17,899 | -€12,588 | -237% |
| Amounts payable | 17/49 | €85,884 | €110,818 | +€24,934 | +29.0% |
| Amounts payable within one year | 42/48 | €85,884 | €110,818 | +€24,934 | +29.0% |
| Trade debts | 44 | €1,579 | €2,774 | +€1,195 | +75.6% |
| Suppliers | 440/4 | €1,579 | €2,774 | +€1,195 | +75.6% |
| Taxes, remuneration and social security | 45 | €159 | €482 | +€324 | +204% |
| Taxes | 450/3 | €159 | €482 | +€324 | +204% |
| Other amounts payable | 47/48 | €84,146 | €107,561 | +€23,415 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428 | €4,019 | +€2,591 | +181% |
| Other operating charges | 640/8 | €448 | €607 | +€159 | +35.4% |
| Gross operating margin | 9900 | -€1,055 | -€1,846 | -€791 | -75.0% |
| Operating profit (loss) | 9901 | -€2,931 | -€6,471 | -€3,541 | -121% |
| Financial income | 75/76B | - | €123 | +€123 | |
| Recurring financial income | 75 | - | €123 | +€123 | |
| Financial charges | 65/66B | €2,380 | €6,239 | +€3,859 | +162% |
| Recurring financial charges | 65 | €2,380 | €6,239 | +€3,859 | +162% |
| Profit (loss) for the period before taxes | 9903 | -€5,311 | -€12,588 | -€7,277 | -137% |
| Profit (loss) for the period | 9904 | -€5,311 | -€12,588 | -€7,277 | -137% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,311 | -€12,588 | -€7,277 | -137% |
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 17 October 2026 via checked.be.