FDV INVEST: 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.
FDV INVEST
Largest movements
- Financial fixed assets +€500,000
up €500,000 (+8,889%), from €5,625 to €505,625
- Receivables within one year +€12,046
up €12,046 (+63.7%), from €18,900 to €30,946
of which Trade receivables: +€11,067
- Cash -€8,468
down €8,468 (-30.4%), from €27,829 to €19,361
mainly Investment in fixed assets (net) (-€505,730) and Contributions, distributions and other (-€23,000)
- Debts after one year +€382,629
new in 2025: €382,629
- Short-term financial debts +€60,000
new in 2025: €60,000
- Current portion of long-term debt +€57,371
new in 2025: €57,371
- Other debts +€8,000
up €8,000 (+53.3%), from €15,000 to €23,000
- Gross operating margin +€13,583
up €13,583 (+51.7%), from €26,280 to €39,863
- Financial charges +€6,229
up €6,229 (+14,962%), from €42 to €6,270
- Taxes +€3,307
up €3,307 (+54.7%), from €6,047 to €9,354
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 | €52,354 | €562,019 | +€509,665 | +973% |
| Fixed assets | 21/28 | €5,625 | €511,066 | +€505,441 | +8,986% |
| Tangible fixed assets | 22/27 | - | €5,441 | +€5,441 | |
| Furniture and vehicles | 24 | - | €5,441 | +€5,441 | |
| Financial fixed assets | 28 | €5,625 | €505,625 | +€500,000 | +8,889% |
| Current assets | 29/58 | €46,729 | €50,953 | +€4,224 | +9.0% |
| Amounts receivable within one year | 40/41 | €18,900 | €30,946 | +€12,046 | +63.7% |
| Trade receivables | 40 | €18,900 | €29,967 | +€11,067 | +58.6% |
| Other amounts receivable | 41 | €0 | €979 | +€979 | |
| Cash at bank and in hand | 54/58 | €27,829 | €19,361 | -€8,468 | -30.4% |
| Deferred charges and accrued income | 490/1 | €0 | €646 | +€646 | |
| Total equity and liabilities | 10/49 | €52,354 | €562,019 | +€509,665 | +973% |
| Equity | 10/15 | €31,119 | €31,356 | +€236 | +0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,119 | €3,356 | +€236 | +7.6% |
| Amounts payable | 17/49 | €21,235 | €530,664 | +€509,428 | +2,399% |
| Amounts payable after more than one year | 17 | - | €382,629 | +€382,629 | |
| Financial debts | 170/4 | - | €382,629 | +€382,629 | |
| Amounts payable within one year | 42/48 | €21,235 | €148,035 | +€126,800 | +597% |
| Current portion of amounts payable after more than one year | 42 | - | €57,371 | +€57,371 | |
| Financial debts | 43 | - | €60,000 | +€60,000 | |
| Credit institutions | 430/8 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €6,235 | €7,664 | +€1,428 | +22.9% |
| Taxes | 450/3 | €6,235 | €7,664 | +€1,428 | +22.9% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €15,000 | €23,000 | +€8,000 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €289 | +€289 | |
| Other operating charges | 640/8 | €1,022 | €713 | -€308 | -30.2% |
| Gross operating margin | 9900 | €26,280 | €39,863 | +€13,583 | +51.7% |
| Operating profit (loss) | 9901 | €25,258 | €38,861 | +€13,603 | +53.9% |
| Financial charges | 65/66B | €42 | €6,270 | +€6,229 | +14,962% |
| Recurring financial charges | 65 | €42 | €6,270 | +€6,229 | +14,962% |
| Profit (loss) for the period before taxes | 9903 | €25,216 | €32,590 | +€7,374 | +29.2% |
| Income taxes | 67/77 | €6,047 | €9,354 | +€3,307 | +54.7% |
| Profit (loss) for the period | 9904 | €19,169 | €23,236 | +€4,067 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,169 | €23,236 | +€4,067 | +21.2% |
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 30 October 2026 via checked.be.