FDN Trans: 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 Trans
Largest movements
- Tangible fixed assets -€19,262
down €19,262 (-13.2%), from €145,681 to €126,419
of which Leasing and similar rights: -€31,428
- Cash +€14,755
up €14,755 (+22.0%), from €66,942 to €81,697
mainly Depreciation (+€42,512) and Net result for the year (+€32,528)
- Receivables within one year +€13,976
up €13,976 (+459.8%), from €3,040 to €17,016
of which Trade receivables: +€13,802
- Debts after one year -€26,255
down €26,255 (-26.5%), from €99,211 to €72,956
- Other debts +€21,557
up €21,557 (+74.8%), from €28,832 to €50,389
- Profit (loss) carried forward +€7,528
up €7,528 (+15.9%), from €47,233 to €54,761
- Tax, wage and social debts +€4,012
up €4,012 (+77.1%), from €5,203 to €9,214
- Gross operating margin +€48,909
up €48,909 (+113.2%), from €43,188 to €92,097
- Depreciation +€31,053
up €31,053 (+271.0%), from €11,459 to €42,512
- Taxes +€5,685
up €5,685 (+218.5%), from €2,601 to €8,287
- Financial charges +€1,978
up €1,978 (+35.8%), from €5,524 to €7,502
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 | €215,678 | €225,147 | +€9,470 | +4.4% |
| Fixed assets | 21/28 | €145,696 | €126,434 | -€19,262 | -13.2% |
| Tangible fixed assets | 22/27 | €145,681 | €126,419 | -€19,262 | -13.2% |
| Furniture and vehicles | 24 | - | €12,166 | +€12,166 | |
| Leasing and similar rights | 25 | €145,681 | €114,253 | -€31,428 | -21.6% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €69,982 | €98,713 | +€28,731 | +41.1% |
| Amounts receivable within one year | 40/41 | €3,040 | €17,016 | +€13,976 | +459.8% |
| Trade receivables | 40 | - | €13,802 | +€13,802 | |
| Other amounts receivable | 41 | €3,040 | €3,213 | +€174 | +5.7% |
| Cash at bank and in hand | 54/58 | €66,942 | €81,697 | +€14,755 | +22.0% |
| Total equity and liabilities | 10/49 | €215,678 | €225,147 | +€9,470 | +4.4% |
| Equity | 10/15 | €52,233 | €59,761 | +€7,528 | +14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,233 | €54,761 | +€7,528 | +15.9% |
| Amounts payable | 17/49 | €163,445 | €165,387 | +€1,941 | +1.2% |
| Amounts payable after more than one year | 17 | €99,211 | €72,956 | -€26,255 | -26.5% |
| Financial debts | 170/4 | €99,211 | €72,956 | -€26,255 | -26.5% |
| Amounts payable within one year | 42/48 | €62,571 | €91,008 | +€28,437 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €25,213 | €26,255 | +€1,042 | +4.1% |
| Trade debts | 44 | €3,324 | €5,151 | +€1,827 | +55.0% |
| Suppliers | 440/4 | €3,324 | €5,151 | +€1,827 | +55.0% |
| Taxes, remuneration and social security | 45 | €5,203 | €9,214 | +€4,012 | +77.1% |
| Taxes | 450/3 | €5,203 | €9,214 | +€4,012 | +77.1% |
| Other amounts payable | 47/48 | €28,832 | €50,389 | +€21,557 | +74.8% |
| Accrued charges and deferred income | 492/3 | €1,664 | €1,422 | -€242 | -14.5% |
| Non-recurring operating income | 76A | - | €26,000 | +€26,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,459 | €42,512 | +€31,053 | +271.0% |
| Other operating charges | 640/8 | €1,179 | €1,270 | +€91 | +7.7% |
| Gross operating margin | 9900 | €43,188 | €92,097 | +€48,909 | +113.2% |
| Operating profit (loss) | 9901 | €30,550 | €48,316 | +€17,766 | +58.2% |
| Financial income | 75/76B | €8 | €1 | -€6 | -84.3% |
| Recurring financial income | 75 | €8 | €1 | -€6 | -84.3% |
| Financial charges | 65/66B | €5,524 | €7,502 | +€1,978 | +35.8% |
| Recurring financial charges | 65 | €5,524 | €7,502 | +€1,978 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €25,033 | €40,815 | +€15,781 | +63.0% |
| Income taxes | 67/77 | €2,601 | €8,287 | +€5,685 | +218.5% |
| Profit (loss) for the period | 9904 | €22,432 | €32,528 | +€10,096 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,432 | €32,528 | +€10,096 | +45.0% |
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 10 October 2026 via checked.be.