FDN: 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.
FDN
Largest movements
- Deferred charges and accrued income -€24,156
down €24,156 (-28.7%), from €84,150 to €59,994
- Cash +€11,280
up €11,280 (+1764.5%), from €639 to €11,919
mainly Net result for the year (+€36,879) and Advances received (+€35,000)
- Debts after one year -€73,500
down €73,500 (-13.3%), from €553,580 to €480,080
- Reserves +€36,879
up €36,879 (+16.2%), from €228,229 to €265,108
of which Distributable reserves: +€36,879
- Advances received +€35,000
up €35,000 (+70.0%), from €50,000 to €85,000
- Financial income -€24,157
down €24,157 (-28.7%), from €84,151 to €59,994
- Financial charges -€5,435
down €5,435 (-23.9%), from €22,727 to €17,293
- Taxes -€1,568
down €1,568 (-29.8%), from €5,256 to €3,688
- Gross operating margin +€1,507
up €1,507 (+61.0%), from -€2,470 to -€963
- Other operating charges +€37
up €37 (+3.3%), from €1,135 to €1,172
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 | €975,789 | €962,913 | -€12,876 | -1.3% |
| Fixed assets | 21/28 | €891,000 | €891,000 | = | 0.0% |
| Financial fixed assets | 28 | €891,000 | €891,000 | = | 0.0% |
| Current assets | 29/58 | €84,789 | €71,913 | -€12,876 | -15.2% |
| Cash at bank and in hand | 54/58 | €639 | €11,919 | +€11,280 | +1764.5% |
| Deferred charges and accrued income | 490/1 | €84,150 | €59,994 | -€24,156 | -28.7% |
| Total equity and liabilities | 10/49 | €975,789 | €962,913 | -€12,876 | -1.3% |
| Equity | 10/15 | €248,505 | €285,384 | +€36,879 | +14.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €228,229 | €265,108 | +€36,879 | +16.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €228,229 | €265,108 | +€36,879 | +16.2% |
| Profit (loss) carried forward | 14 | €276 | €276 | = | 0.0% |
| Amounts payable | 17/49 | €727,284 | €677,530 | -€49,755 | -6.8% |
| Amounts payable after more than one year | 17 | €553,580 | €480,080 | -€73,500 | -13.3% |
| Financial debts | 170/4 | €553,580 | €480,080 | -€73,500 | -13.3% |
| Amounts payable within one year | 42/48 | €173,704 | €197,450 | +€23,745 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €50,000 | €85,000 | +€35,000 | +70.0% |
| Taxes, remuneration and social security | 45 | €11,470 | €7,967 | -€3,504 | -30.5% |
| Taxes | 450/3 | €11,470 | €7,967 | -€3,504 | -30.5% |
| Other amounts payable | 47/48 | €112,234 | €104,483 | -€7,751 | -6.9% |
| Other operating charges | 640/8 | €1,135 | €1,172 | +€37 | +3.3% |
| Gross operating margin | 9900 | -€2,470 | -€963 | +€1,507 | +61.0% |
| Operating profit (loss) | 9901 | -€3,605 | -€2,135 | +€1,470 | +40.8% |
| Financial income | 75/76B | €84,151 | €59,994 | -€24,157 | -28.7% |
| Recurring financial income | 75 | €84,151 | €59,994 | -€24,157 | -28.7% |
| Financial charges | 65/66B | €22,727 | €17,293 | -€5,435 | -23.9% |
| Recurring financial charges | 65 | €22,727 | €17,293 | -€5,435 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €57,819 | €40,567 | -€17,253 | -29.8% |
| Income taxes | 67/77 | €5,256 | €3,688 | -€1,568 | -29.8% |
| Profit (loss) for the period | 9904 | €52,563 | €36,879 | -€15,684 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,563 | €36,879 | -€15,684 | -29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.