FDR-BOUW: 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.
FDR-BOUW
Largest movements
- Tangible fixed assets -€11,526
down €11,526 (-25.9%), from €44,534 to €33,007
- Receivables within one year -€6,950
down €6,950 (-26.2%), from €26,480 to €19,531
of which Trade receivables: -€8,630
- Deferred charges and accrued income +€3,392
up €3,392 (+20.3%), from €16,739 to €20,131
- Reserves -€13,021
down €13,021 (-5.2%), from €250,220 to €237,199
- Debts after one year -€7,141
no longer reported in 2025 (was €7,141)
- Trade debts +€4,791
up €4,791 (+45.4%), from €10,560 to €15,351
- Gross operating margin -€80,659
down €80,659 (-40.2%), from €200,695 to €120,037
- Staff costs -€30,015
down €30,015 (-25.4%), from €118,311 to €88,296
- Taxes -€10,013
down €10,013 (-62.0%), from €16,156 to €6,144
- Depreciation -€7,197
down €7,197 (-34.3%), from €21,011 to €13,814
- Write-downs -€6,186
no longer reported in 2025 (was €6,186)
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 | €305,820 | €287,713 | -€18,107 | -5.9% |
| Fixed assets | 21/28 | €44,534 | €33,007 | -€11,526 | -25.9% |
| Tangible fixed assets | 22/27 | €44,534 | €33,007 | -€11,526 | -25.9% |
| Plant, machinery and equipment | 23 | €12,562 | €9,411 | -€3,150 | -25.1% |
| Furniture and vehicles | 24 | €13,177 | €9,602 | -€3,576 | -27.1% |
| Leasing and similar rights | 25 | €18,794 | €13,994 | -€4,800 | -25.5% |
| Current assets | 29/58 | €261,287 | €254,706 | -€6,581 | -2.5% |
| Stocks and contracts in progress | 3 | €3,352 | €2,836 | -€516 | -15.4% |
| Stocks | 30/36 | €3,352 | €2,836 | -€516 | -15.4% |
| Amounts receivable within one year | 40/41 | €26,480 | €19,531 | -€6,950 | -26.2% |
| Trade receivables | 40 | €19,376 | €10,746 | -€8,630 | -44.5% |
| Other amounts receivable | 41 | €7,104 | €8,784 | +€1,680 | +23.6% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €214,215 | €211,708 | -€2,507 | -1.2% |
| Deferred charges and accrued income | 490/1 | €16,739 | €20,131 | +€3,392 | +20.3% |
| Total equity and liabilities | 10/49 | €305,820 | €287,713 | -€18,107 | -5.9% |
| Equity | 10/15 | €262,620 | €249,599 | -€13,021 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €250,220 | €237,199 | -€13,021 | -5.2% |
| Distributable reserves | 133 | €250,220 | €237,199 | -€13,021 | -5.2% |
| Amounts payable | 17/49 | €43,200 | €38,114 | -€5,086 | -11.8% |
| Amounts payable after more than one year | 17 | €7,141 | - | -€7,141 | |
| Financial debts | 170/4 | €7,141 | - | -€7,141 | |
| Amounts payable within one year | 42/48 | €35,986 | €38,066 | +€2,080 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €7,418 | €7,144 | -€274 | -3.7% |
| Trade debts | 44 | €10,560 | €15,351 | +€4,791 | +45.4% |
| Suppliers | 440/4 | €10,560 | €15,351 | +€4,791 | +45.4% |
| Taxes, remuneration and social security | 45 | €6,953 | €6,060 | -€893 | -12.8% |
| Taxes | 450/3 | €2,944 | €3,954 | +€1,011 | +34.3% |
| Remuneration and social security | 454/9 | €4,009 | €2,105 | -€1,904 | -47.5% |
| Other amounts payable | 47/48 | €11,055 | €9,511 | -€1,544 | -14.0% |
| Accrued charges and deferred income | 492/3 | €74 | €48 | -€25 | -34.5% |
| Remuneration, social security and pensions | 62 | €118,311 | €88,296 | -€30,015 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,011 | €13,814 | -€7,197 | -34.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,186 | - | -€6,186 | |
| Other operating charges | 640/8 | €3,299 | €1,718 | -€1,580 | -47.9% |
| Gross operating margin | 9900 | €200,695 | €120,037 | -€80,659 | -40.2% |
| Operating profit (loss) | 9901 | €51,889 | €16,209 | -€35,679 | -68.8% |
| Financial income | 75/76B | €1,096 | €1,330 | +€234 | +21.3% |
| Recurring financial income | 75 | €1,096 | €1,330 | +€234 | +21.3% |
| Financial charges | 65/66B | €5,673 | €1,289 | -€4,384 | -77.3% |
| Recurring financial charges | 65 | €5,673 | €1,289 | -€4,384 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €47,312 | €16,250 | -€31,061 | -65.7% |
| Income taxes | 67/77 | €16,156 | €6,144 | -€10,013 | -62.0% |
| Profit (loss) for the period | 9904 | €31,155 | €10,107 | -€21,049 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,155 | €10,107 | -€21,049 | -67.6% |
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 19 October 2026 via checked.be.