FDU LEX: 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.
FDU LEX
Largest movements
- Cash -€174,542
down €174,542 (-91.5%), from €190,789 to €16,246
mainly Other debts (-€107,578) and Investment in fixed assets (net) (-€61,508)
- Tangible fixed assets +€49,779
up €49,779 (+1071.6%), from €4,645 to €54,424
of which Furniture and vehicles: +€47,772
- Other debts -€107,578
down €107,578 (-58.5%), from €183,939 to €76,360
- Tax, wage and social debts -€17,041
down €17,041 (-69.2%), from €24,613 to €7,572
- Depreciation +€10,665
up €10,665 (+1002.0%), from €1,064 to €11,729
- Gross operating margin +€5,046
up €5,046 (+6.4%), from €79,433 to €84,479
- Taxes -€2,354
down €2,354 (-11.0%), from €21,471 to €19,117
- Financial income -€2,163
no longer reported in 2025 (was €2,163)
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 | €209,659 | €84,781 | -€124,879 | -59.6% |
| Fixed assets | 21/28 | €4,645 | €54,424 | +€49,779 | +1071.6% |
| Tangible fixed assets | 22/27 | €4,645 | €54,424 | +€49,779 | +1071.6% |
| Plant, machinery and equipment | 23 | €1,372 | €3,379 | +€2,006 | +146.2% |
| Furniture and vehicles | 24 | €3,273 | €51,045 | +€47,772 | +1459.7% |
| Current assets | 29/58 | €205,014 | €30,357 | -€174,657 | -85.2% |
| Amounts receivable within one year | 40/41 | €12,705 | €12,705 | = | 0.0% |
| Trade receivables | 40 | €12,705 | €12,705 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €190,789 | €16,246 | -€174,542 | -91.5% |
| Deferred charges and accrued income | 490/1 | €1,521 | €1,406 | -€115 | -7.6% |
| Total equity and liabilities | 10/49 | €209,659 | €84,781 | -€124,879 | -59.6% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €209,559 | €84,681 | -€124,879 | -59.6% |
| Amounts payable within one year | 42/48 | €209,559 | €83,970 | -€125,589 | -59.9% |
| Trade debts | 44 | €1,008 | €38 | -€970 | -96.2% |
| Suppliers | 440/4 | €1,008 | €38 | -€970 | -96.2% |
| Taxes, remuneration and social security | 45 | €24,613 | €7,572 | -€17,041 | -69.2% |
| Taxes | 450/3 | €24,613 | €7,572 | -€17,041 | -69.2% |
| Other amounts payable | 47/48 | €183,939 | €76,360 | -€107,578 | -58.5% |
| Accrued charges and deferred income | 492/3 | - | €710 | +€710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,064 | €11,729 | +€10,665 | +1002.0% |
| Other operating charges | 640/8 | €944 | €526 | -€418 | -44.3% |
| Gross operating margin | 9900 | €79,433 | €84,479 | +€5,046 | +6.4% |
| Operating profit (loss) | 9901 | €77,425 | €72,224 | -€5,201 | -6.7% |
| Financial income | 75/76B | €2,163 | - | -€2,163 | |
| Recurring financial income | 75 | €2,163 | - | -€2,163 | |
| Financial charges | 65/66B | €53 | €48 | -€5 | -8.9% |
| Recurring financial charges | 65 | €53 | €48 | -€5 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €79,535 | €72,176 | -€7,359 | -9.3% |
| Income taxes | 67/77 | €21,471 | €19,117 | -€2,354 | -11.0% |
| Profit (loss) for the period | 9904 | €58,064 | €53,059 | -€5,005 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,064 | €53,059 | -€5,005 | -8.6% |
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 12 October 2026 via checked.be.