FKDM: 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.
FKDM
Largest movements
- Tangible fixed assets +€232,656
new in 2025: €232,656
- Receivables within one year -€14,836
down €14,836 (-29.6%), from €50,044 to €35,208
of which Other amounts receivable: -€15,267
- Other debts +€259,938
up €259,938 (+2322.9%), from €11,190 to €271,128
- Profit (loss) carried forward -€33,149
down €33,149 (-37.3%), from €88,914 to €55,765
- Short-term financial debts -€7,547
down €7,547 (-56.4%), from €13,388 to €5,841
- Depreciation +€33,576
up €33,576 (+4729.0%), from €710 to €34,286
- Taxes -€2,077
down €2,077 (-100.0%), from €2,077 to €0
- Financial charges -€1,586
down €1,586 (-37.6%), from €4,222 to €2,636
- Financial income -€720
down €720 (-16.2%), from €4,445 to €3,724
- Gross operating margin +€687
up €687 (+219.6%), from €313 to €999
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 | €142,701 | €359,855 | +€217,154 | +152.2% |
| Fixed assets | 21/28 | €2,840 | €234,786 | +€231,946 | +8167.1% |
| Intangible fixed assets | 21 | €2,840 | €2,130 | -€710 | -25.0% |
| Tangible fixed assets | 22/27 | - | €232,656 | +€232,656 | |
| Land and buildings | 22 | - | €232,656 | +€232,656 | |
| Current assets | 29/58 | €139,861 | €125,069 | -€14,792 | -10.6% |
| Amounts receivable after more than one year | 29 | €89,400 | €89,400 | = | 0.0% |
| Other amounts receivable | 291 | €89,400 | €89,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,044 | €35,208 | -€14,836 | -29.6% |
| Trade receivables | 40 | €3,200 | €3,631 | +€431 | +13.5% |
| Other amounts receivable | 41 | €46,844 | €31,577 | -€15,267 | -32.6% |
| Current investments | 50/53 | €417 | €417 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €44 | +€44 | |
| Total equity and liabilities | 10/49 | €142,701 | €359,855 | +€217,154 | +152.2% |
| Equity | 10/15 | €115,165 | €82,016 | -€33,149 | -28.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,659 | €7,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,800 | €5,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,914 | €55,765 | -€33,149 | -37.3% |
| Amounts payable | 17/49 | €27,535 | €277,839 | +€250,303 | +909.0% |
| Amounts payable within one year | 42/48 | €27,535 | €277,839 | +€250,303 | +909.0% |
| Financial debts | 43 | €13,388 | €5,841 | -€7,547 | -56.4% |
| Credit institutions | 430/8 | €13,388 | €5,841 | -€7,547 | -56.4% |
| Trade debts | 44 | €565 | €14 | -€551 | -97.5% |
| Suppliers | 440/4 | €565 | €14 | -€551 | -97.5% |
| Taxes, remuneration and social security | 45 | €2,392 | €856 | -€1,536 | -64.2% |
| Taxes | 450/3 | €2,392 | €856 | -€1,536 | -64.2% |
| Other amounts payable | 47/48 | €11,190 | €271,128 | +€259,938 | +2322.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €34,286 | +€33,576 | +4729.0% |
| Other operating charges | 640/8 | €537 | €952 | +€414 | +77.1% |
| Gross operating margin | 9900 | €313 | €999 | +€687 | +219.6% |
| Operating profit (loss) | 9901 | -€935 | -€34,238 | -€33,303 | -3563.4% |
| Financial income | 75/76B | €4,445 | €3,724 | -€720 | -16.2% |
| Recurring financial income | 75 | €4,445 | €3,724 | -€720 | -16.2% |
| Financial charges | 65/66B | €4,222 | €2,636 | -€1,586 | -37.6% |
| Recurring financial charges | 65 | €4,222 | €2,636 | -€1,586 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | -€712 | -€33,149 | -€32,437 | -4554.4% |
| Income taxes | 67/77 | €2,077 | €0 | -€2,077 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,789 | -€33,149 | -€30,361 | -1088.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,789 | -€33,149 | -€30,361 | -1088.7% |
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 4 October 2026 via checked.be.