FDSL: 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.
FDSL
Largest movements
- Tangible fixed assets -€24,962
down €24,962 (-5.8%), from €431,481 to €406,520
of which Land and buildings: -€24,362
- Cash +€16,303
up €16,303 (+158.0%), from €10,315 to €26,618
mainly Depreciation (+€24,962) and Net result for the year (+€14,530)
- Debts after one year -€26,323
down €26,323 (-8.5%), from €307,947 to €281,624
- Profit (loss) carried forward +€14,530
up €14,530 (+21.4%), from €67,936 to €82,466
- Tax, wage and social debts +€5,530
up €5,530 (+97.8%), from €5,655 to €11,185
No income-statement line moved by more than 1% of the activity.
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 | €441,797 | €434,288 | -€7,509 | -1.7% |
| Fixed assets | 21/28 | €431,481 | €406,520 | -€24,962 | -5.8% |
| Tangible fixed assets | 22/27 | €431,481 | €406,520 | -€24,962 | -5.8% |
| Land and buildings | 22 | €430,881 | €406,520 | -€24,362 | -5.7% |
| Plant, machinery and equipment | 23 | €600 | - | -€600 | |
| Current assets | 29/58 | €10,315 | €27,768 | +€17,453 | +169.2% |
| Amounts receivable within one year | 40/41 | - | €1,150 | +€1,150 | |
| Trade receivables | 40 | - | €1,150 | +€1,150 | |
| Cash at bank and in hand | 54/58 | €10,315 | €26,618 | +€16,303 | +158.0% |
| Total equity and liabilities | 10/49 | €441,797 | €434,288 | -€7,509 | -1.7% |
| Equity | 10/15 | €87,156 | €101,686 | +€14,530 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,936 | €82,466 | +€14,530 | +21.4% |
| Amounts payable | 17/49 | €354,641 | €332,602 | -€22,039 | -6.2% |
| Amounts payable after more than one year | 17 | €307,947 | €281,624 | -€26,323 | -8.5% |
| Financial debts | 170/4 | €307,947 | €281,624 | -€26,323 | -8.5% |
| Amounts payable within one year | 42/48 | €46,694 | €50,978 | +€4,284 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €25,920 | €26,323 | +€402 | +1.6% |
| Trade debts | 44 | €1,298 | €1,299 | +€2 | +0.1% |
| Suppliers | 440/4 | €1,298 | €1,299 | +€2 | +0.1% |
| Taxes, remuneration and social security | 45 | €5,655 | €11,185 | +€5,530 | +97.8% |
| Taxes | 450/3 | €5,655 | €11,185 | +€5,530 | +97.8% |
| Other amounts payable | 47/48 | €13,821 | €12,171 | -€1,650 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,962 | €24,962 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,160 | €2,227 | +€67 | +3.1% |
| Gross operating margin | 9900 | €52,657 | €52,275 | -€382 | -0.7% |
| Operating profit (loss) | 9901 | €25,535 | €25,086 | -€449 | -1.8% |
| Financial charges | 65/66B | €5,423 | €5,027 | -€396 | -7.3% |
| Recurring financial charges | 65 | €5,423 | €5,027 | -€396 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €20,112 | €20,060 | -€52 | -0.3% |
| Income taxes | 67/77 | €5,679 | €5,530 | -€149 | -2.6% |
| Profit (loss) for the period | 9904 | €14,433 | €14,530 | +€97 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,433 | €14,530 | +€97 | +0.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.