FdN Consulting: 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.
FdN Consulting
Largest movements
- Deferred charges and accrued income -€15,181
down €15,181 (-82.3%), from €18,437 to €3,256
- Cash -€12,252
down €12,252 (-62.6%), from €19,560 to €7,307
mainly Investment in fixed assets (net) (-€21,820) and Net result for the year (-€15,228)
- Receivables within one year -€12,129
down €12,129 (-63.0%), from €19,265 to €7,136
of which Trade receivables: -€7,378
- Tangible fixed assets +€10,795
up €10,795 (+29.4%), from €36,734 to €47,529
- Profit (loss) carried forward -€15,228
new in 2025: -€15,228
- Other debts -€11,023
down €11,023 (-16.8%), from €65,803 to €54,780
- Trade debts -€1,934
down €1,934 (-35.4%), from €5,463 to €3,529
of which Suppliers: -€2,496
- Tax, wage and social debts -€1,277
down €1,277 (-76.8%), from €1,663 to €385
- Gross operating margin -€56,708
down €56,708, from €54,968 to -€1,741
- Taxes -€8,643
down €8,643 (-96.1%), from €8,993 to €350
- Depreciation +€4,423
up €4,423 (+60.4%), from €7,325 to €11,747
- Financial charges -€1,672
down €1,672 (-66.4%), from €2,518 to €845
- Other operating charges -€998
down €998 (-64.7%), from €1,543 to €545
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 | €94,939 | €65,449 | -€29,490 | -31.1% |
| Fixed assets | 21/28 | €37,677 | €47,750 | +€10,073 | +26.7% |
| Tangible fixed assets | 22/27 | €36,734 | €47,529 | +€10,795 | +29.4% |
| Furniture and vehicles | 24 | €36,734 | €47,529 | +€10,795 | +29.4% |
| Financial fixed assets | 28 | €943 | €221 | -€722 | -76.6% |
| Current assets | 29/58 | €57,262 | €17,699 | -€39,563 | -69.1% |
| Amounts receivable within one year | 40/41 | €19,265 | €7,136 | -€12,129 | -63.0% |
| Trade receivables | 40 | €9,983 | €2,604 | -€7,378 | -73.9% |
| Other amounts receivable | 41 | €9,283 | €4,531 | -€4,751 | -51.2% |
| Cash at bank and in hand | 54/58 | €19,560 | €7,307 | -€12,252 | -62.6% |
| Deferred charges and accrued income | 490/1 | €18,437 | €3,256 | -€15,181 | -82.3% |
| Total equity and liabilities | 10/49 | €94,939 | €65,449 | -€29,490 | -31.1% |
| Equity | 10/15 | €18,600 | €3,372 | -€15,228 | -81.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,228 | -€15,228 | |
| Amounts payable | 17/49 | €76,339 | €62,077 | -€14,262 | -18.7% |
| Amounts payable within one year | 42/48 | €76,339 | €62,077 | -€14,262 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €3,411 | €3,383 | -€28 | -0.8% |
| Trade debts | 44 | €5,463 | €3,529 | -€1,934 | -35.4% |
| Suppliers | 440/4 | €5,463 | €2,966 | -€2,496 | -45.7% |
| Bills of exchange payable | 441 | - | €563 | +€563 | |
| Taxes, remuneration and social security | 45 | €1,663 | €385 | -€1,277 | -76.8% |
| Taxes | 450/3 | €1,663 | €385 | -€1,277 | -76.8% |
| Other amounts payable | 47/48 | €65,803 | €54,780 | -€11,023 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,325 | €11,747 | +€4,423 | +60.4% |
| Other operating charges | 640/8 | €1,543 | €545 | -€998 | -64.7% |
| Gross operating margin | 9900 | €54,968 | -€1,741 | -€56,708 | |
| Operating profit (loss) | 9901 | €46,100 | -€14,033 | -€60,133 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €2,518 | €845 | -€1,672 | -66.4% |
| Recurring financial charges | 65 | €2,518 | €845 | -€1,672 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €43,594 | -€14,878 | -€58,472 | |
| Income taxes | 67/77 | €8,993 | €350 | -€8,643 | -96.1% |
| Profit (loss) for the period | 9904 | €34,601 | -€15,228 | -€49,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,601 | -€15,228 | -€49,828 |
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 11 October 2026 via checked.be.