FNDesign: 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.
FNDesign
Largest movements
- Tangible fixed assets +€340,588
up €340,588 (+535%), from €63,640 to €404,228
of which Land and buildings: +€360,655
- Cash -€69,240
down €69,240 (-45.3%), from €152,816 to €83,576
mainly Investment in fixed assets (net) (-€406,079) and Contributions, distributions and other (-€145,000)
- Receivables within one year -€47,976
down €47,976 (-59.8%), from €80,247 to €32,271
of which Trade receivables: -€44,849
- Debts after one year +€144,793
up €144,793 (+6,162%), from €2,350 to €147,143
- Other debts +€57,610
up €57,610 (+173%), from €33,280 to €90,890
- Accrued charges and deferred income -€16,990
down €16,990 (-97.5%), from €17,424 to €434
- Current portion of long-term debt +€15,755
up €15,755 (+452%), from €3,489 to €19,245
- Tax, wage and social debts +€10,779
up €10,779 (+58.3%), from €18,495 to €29,274
- Gross operating margin +€70,093
up €70,093 (+34.5%), from €203,290 to €273,382
- Depreciation +€45,363
up €45,363 (+225%), from €20,129 to €65,492
- Financial charges +€4,453
up €4,453 (+1,844%), from €241 to €4,695
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 | €299,716 | €522,587 | +€222,871 | +74.4% |
| Fixed assets | 21/28 | €63,640 | €404,228 | +€340,588 | +535% |
| Tangible fixed assets | 22/27 | €63,640 | €404,228 | +€340,588 | +535% |
| Land and buildings | 22 | - | €360,655 | +€360,655 | |
| Plant, machinery and equipment | 23 | €11,781 | €8,672 | -€3,109 | -26.4% |
| Furniture and vehicles | 24 | €51,859 | €34,900 | -€16,958 | -32.7% |
| Current assets | 29/58 | €236,076 | €118,360 | -€117,717 | -49.9% |
| Amounts receivable within one year | 40/41 | €80,247 | €32,271 | -€47,976 | -59.8% |
| Trade receivables | 40 | €69,054 | €24,205 | -€44,849 | -64.9% |
| Other amounts receivable | 41 | €11,193 | €8,066 | -€3,127 | -27.9% |
| Cash at bank and in hand | 54/58 | €152,816 | €83,576 | -€69,240 | -45.3% |
| Deferred charges and accrued income | 490/1 | €3,014 | €2,513 | -€501 | -16.6% |
| Total equity and liabilities | 10/49 | €299,716 | €522,587 | +€222,871 | +74.4% |
| Equity | 10/15 | €218,632 | €220,638 | +€2,006 | +0.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €215,000 | €215,000 | = | 0.0% |
| Distributable reserves | 133 | €215,000 | €215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,632 | €4,638 | +€2,006 | +76.2% |
| Amounts payable | 17/49 | €81,084 | €301,950 | +€220,865 | +272% |
| Amounts payable after more than one year | 17 | €2,350 | €147,143 | +€144,793 | +6,162% |
| Financial debts | 170/4 | €2,350 | €147,143 | +€144,793 | +6,162% |
| Amounts payable within one year | 42/48 | €61,311 | €154,373 | +€93,062 | +152% |
| Current portion of amounts payable after more than one year | 42 | €3,489 | €19,245 | +€15,755 | +452% |
| Trade debts | 44 | €6,046 | €14,964 | +€8,918 | +147% |
| Suppliers | 440/4 | €6,046 | €14,964 | +€8,918 | +147% |
| Taxes, remuneration and social security | 45 | €18,495 | €29,274 | +€10,779 | +58.3% |
| Taxes | 450/3 | €18,495 | €29,274 | +€10,779 | +58.3% |
| Other amounts payable | 47/48 | €33,280 | €90,890 | +€57,610 | +173% |
| Accrued charges and deferred income | 492/3 | €17,424 | €434 | -€16,990 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,129 | €65,492 | +€45,363 | +225% |
| Other operating charges | 640/8 | €606 | €1,856 | +€1,250 | +206% |
| Non-recurring operating charges | 66A | €467 | - | -€467 | |
| Gross operating margin | 9900 | €203,290 | €273,382 | +€70,093 | +34.5% |
| Operating profit (loss) | 9901 | €182,088 | €206,034 | +€23,946 | +13.2% |
| Financial income | 75/76B | €922 | €1,058 | +€136 | +14.8% |
| Recurring financial income | 75 | €922 | €1,058 | +€136 | +14.8% |
| Financial charges | 65/66B | €241 | €4,695 | +€4,453 | +1,844% |
| Recurring financial charges | 65 | €241 | €4,695 | +€4,453 | +1,844% |
| Profit (loss) for the period before taxes | 9903 | €182,768 | €202,398 | +€19,629 | +10.7% |
| Income taxes | 67/77 | €54,121 | €55,392 | +€1,271 | +2.3% |
| Profit (loss) for the period | 9904 | €128,648 | €147,006 | +€18,358 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €128,648 | €147,006 | +€18,358 | +14.3% |
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 17 October 2026 via checked.be.