FODI: 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.
FODI
Largest movements
- Intangible fixed assets -€35,363
down €35,363 (-21.5%), from €164,595 to €129,232
- Receivables within one year +€14,067
up €14,067 (+135.9%), from €10,350 to €24,417
of which Other amounts receivable: +€12,347
- Cash -€13,371
down €13,371 (-20.4%), from €65,662 to €52,290
mainly Debts after one year (-€31,096) and Receivables within one year (-€14,067)
- Tangible fixed assets -€5,075
down €5,075 (-18.2%), from €27,831 to €22,756
of which Furniture and vehicles: -€3,937
- Debts after one year -€31,096
down €31,096 (-22.4%), from €138,563 to €107,467
- Profit (loss) carried forward -€4,887
down €4,887, from €240 to -€4,647
- Tax, wage and social debts -€4,500
down €4,500 (-16.9%), from €26,613 to €22,113
of which Remuneration and social security: -€2,285
- Gross operating margin -€37,196
down €37,196 (-10.8%), from €343,268 to €306,071
- Staff costs +€14,789
up €14,789 (+6.1%), from €243,008 to €257,797
- Taxes -€12,666
down €12,666 (-99.0%), from €12,798 to €132
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 | €286,219 | €244,543 | -€41,676 | -14.6% |
| Fixed assets | 21/28 | €192,426 | €151,988 | -€40,438 | -21.0% |
| Intangible fixed assets | 21 | €164,595 | €129,232 | -€35,363 | -21.5% |
| Tangible fixed assets | 22/27 | €27,831 | €22,756 | -€5,075 | -18.2% |
| Plant, machinery and equipment | 23 | €12,271 | €11,133 | -€1,138 | -9.3% |
| Furniture and vehicles | 24 | €15,560 | €11,623 | -€3,937 | -25.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €93,793 | €92,554 | -€1,239 | -1.3% |
| Stocks and contracts in progress | 3 | €7,822 | €8,741 | +€919 | +11.8% |
| Stocks | 30/36 | €7,822 | €8,741 | +€919 | +11.8% |
| Amounts receivable within one year | 40/41 | €10,350 | €24,417 | +€14,067 | +135.9% |
| Trade receivables | 40 | €2,026 | €3,745 | +€1,720 | +84.9% |
| Other amounts receivable | 41 | €8,325 | €20,672 | +€12,347 | +148.3% |
| Cash at bank and in hand | 54/58 | €65,662 | €52,290 | -€13,371 | -20.4% |
| Deferred charges and accrued income | 490/1 | €9,959 | €7,106 | -€2,853 | -28.6% |
| Total equity and liabilities | 10/49 | €286,219 | €244,543 | -€41,676 | -14.6% |
| Equity | 10/15 | €38,240 | €33,353 | -€4,887 | -12.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240 | -€4,647 | -€4,887 | |
| Amounts payable | 17/49 | €247,979 | €211,190 | -€36,789 | -14.8% |
| Amounts payable after more than one year | 17 | €138,563 | €107,467 | -€31,096 | -22.4% |
| Financial debts | 170/4 | €138,563 | €107,467 | -€31,096 | -22.4% |
| Amounts payable within one year | 42/48 | €108,923 | €103,106 | -€5,817 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €32,693 | €33,647 | +€954 | +2.9% |
| Trade debts | 44 | €40,975 | €39,866 | -€1,109 | -2.7% |
| Suppliers | 440/4 | €40,975 | €39,866 | -€1,109 | -2.7% |
| Advances received on contracts in progress | 46 | - | €278 | +€278 | |
| Taxes, remuneration and social security | 45 | €26,613 | €22,113 | -€4,500 | -16.9% |
| Taxes | 450/3 | €2,793 | €579 | -€2,214 | -79.3% |
| Remuneration and social security | 454/9 | €23,819 | €21,534 | -€2,285 | -9.6% |
| Other amounts payable | 47/48 | €8,643 | €7,203 | -€1,441 | -16.7% |
| Accrued charges and deferred income | 492/3 | €493 | €617 | +€124 | +25.1% |
| Remuneration, social security and pensions | 62 | €243,008 | €257,797 | +€14,789 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,916 | €46,111 | +€1,194 | +2.7% |
| Other operating charges | 640/8 | €2,684 | €1,240 | -€1,444 | -53.8% |
| Non-recurring operating charges | 66A | €1,878 | €114 | -€1,764 | -93.9% |
| Gross operating margin | 9900 | €343,268 | €306,071 | -€37,196 | -10.8% |
| Operating profit (loss) | 9901 | €50,781 | €810 | -€49,971 | -98.4% |
| Financial charges | 65/66B | €6,268 | €5,565 | -€703 | -11.2% |
| Recurring financial charges | 65 | €6,268 | €5,565 | -€703 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €44,513 | -€4,755 | -€49,268 | |
| Income taxes | 67/77 | €12,798 | €132 | -€12,666 | -99.0% |
| Profit (loss) for the period | 9904 | €31,716 | -€4,887 | -€36,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,716 | -€4,887 | -€36,603 |
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 9 October 2026 via checked.be.