FDR Fine Arts: 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 Fine Arts
Largest movements
- Cash +€1,729
up €1,729 (+54.0%), from €3,201 to €4,930
mainly Tax, wage and social debts (+€3,910) and Net result for the year (+€1,703)
- Receivables within one year -€1,562
down €1,562 (-21.4%), from €7,313 to €5,751
of which Other amounts receivable: -€1,055
- Deferred charges and accrued income +€1,300
up €1,300, from €0 to €1,300
- Tax, wage and social debts +€3,910
up €3,910 (+9,388%), from €42 to €3,952
- Trade debts -€3,648
down €3,648 (-55.6%), from €6,558 to €2,911
- Reserves +€1,650
up €1,650 (+11.5%), from €14,350 to €16,000
- Other debts -€865
down €865 (-9.1%), from €9,526 to €8,661
- Accrued charges and deferred income +€834
new in 2025: €834
- Write-downs -€2,398
down €2,398 (-100%), from €2,398 to €0
- Gross operating margin -€1,593
down €1,593 (-22.7%), from €7,013 to €5,419
- Depreciation -€1,148
down €1,148 (-57.1%), from €2,011 to €863
- Financial charges +€1,068
up €1,068 (+586%), from €182 to €1,251
- Taxes +€330
up €330 (+25.9%), from €1,273 to €1,603
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 | €36,678 | €38,612 | +€1,934 | +5.3% |
| Fixed assets | 21/28 | €24,910 | €25,080 | +€170 | +0.7% |
| Tangible fixed assets | 22/27 | €24,910 | €25,080 | +€170 | +0.7% |
| Furniture and vehicles | 24 | €1,604 | €1,774 | +€170 | +10.6% |
| Other tangible fixed assets | 26 | €23,307 | €23,307 | = | 0.0% |
| Current assets | 29/58 | €11,767 | €13,532 | +€1,764 | +15.0% |
| Stocks and contracts in progress | 3 | €1,253 | €1,551 | +€297 | +23.7% |
| Stocks | 30/36 | €1,253 | €1,551 | +€297 | +23.7% |
| Amounts receivable within one year | 40/41 | €7,313 | €5,751 | -€1,562 | -21.4% |
| Trade receivables | 40 | €5,758 | €5,250 | -€508 | -8.8% |
| Other amounts receivable | 41 | €1,556 | €501 | -€1,055 | -67.8% |
| Cash at bank and in hand | 54/58 | €3,201 | €4,930 | +€1,729 | +54.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,300 | +€1,300 | |
| Total equity and liabilities | 10/49 | €36,678 | €38,612 | +€1,934 | +5.3% |
| Equity | 10/15 | €20,552 | €22,255 | +€1,703 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,350 | €16,000 | +€1,650 | +11.5% |
| Distributable reserves | 133 | €14,350 | €16,000 | +€1,650 | +11.5% |
| Profit (loss) carried forward | 14 | €2 | €55 | +€53 | +2,776% |
| Amounts payable | 17/49 | €16,126 | €16,357 | +€231 | +1.4% |
| Amounts payable within one year | 42/48 | €16,126 | €15,523 | -€602 | -3.7% |
| Trade debts | 44 | €6,558 | €2,911 | -€3,648 | -55.6% |
| Suppliers | 440/4 | €6,558 | €2,911 | -€3,648 | -55.6% |
| Taxes, remuneration and social security | 45 | €42 | €3,952 | +€3,910 | +9,388% |
| Taxes | 450/3 | €42 | €3,952 | +€3,910 | +9,388% |
| Other amounts payable | 47/48 | €9,526 | €8,661 | -€865 | -9.1% |
| Accrued charges and deferred income | 492/3 | - | €834 | +€834 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €863 | -€1,148 | -57.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,398 | €0 | -€2,398 | -100% |
| Other operating charges | 640/8 | €0 | - | = | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €7,013 | €5,419 | -€1,593 | -22.7% |
| Operating profit (loss) | 9901 | €2,603 | €4,556 | +€1,953 | +75.0% |
| Financial charges | 65/66B | €182 | €1,251 | +€1,068 | +586% |
| Recurring financial charges | 65 | €182 | €1,251 | +€1,068 | +586% |
| Profit (loss) for the period before taxes | 9903 | €2,421 | €3,305 | +€885 | +36.5% |
| Income taxes | 67/77 | €1,273 | €1,603 | +€330 | +25.9% |
| Profit (loss) for the period | 9904 | €1,148 | €1,703 | +€555 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,148 | €1,703 | +€555 | +48.4% |
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 27 October 2026 via checked.be.