FRDB: 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.
FRDB
Largest movements
- Cash +€135,476
up €135,476 (+37.0%), from €365,941 to €501,417
mainly Net result for the year (+€110,920) and Depreciation (+€20,537)
- Tangible fixed assets -€20,537
down €20,537 (-25.6%), from €80,218 to €59,681
of which Furniture and vehicles: -€20,320
- Reserves +€110,920
up €110,920 (+26.5%), from €418,308 to €529,228
- Tax, wage and social debts +€6,527
up €6,527 (+38.0%), from €17,172 to €23,699
- Financial income +€16,428
up €16,428 (+1,231%), from €1,335 to €17,763
- Gross operating margin +€11,922
up €11,922 (+8.0%), from €148,157 to €160,079
- Taxes +€5,670
up €5,670 (+14.7%), from €38,465 to €44,135
- Depreciation +€4,333
up €4,333 (+26.7%), from €16,204 to €20,537
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 | €485,712 | €601,901 | +€116,189 | +23.9% |
| Fixed assets | 21/28 | €80,218 | €59,681 | -€20,537 | -25.6% |
| Tangible fixed assets | 22/27 | €80,218 | €59,681 | -€20,537 | -25.6% |
| Plant, machinery and equipment | 23 | €384 | €167 | -€217 | -56.5% |
| Furniture and vehicles | 24 | €79,834 | €59,514 | -€20,320 | -25.5% |
| Current assets | 29/58 | €405,494 | €542,220 | +€136,726 | +33.7% |
| Amounts receivable within one year | 40/41 | €39,553 | €40,803 | +€1,250 | +3.2% |
| Trade receivables | 40 | €28,253 | €30,753 | +€2,500 | +8.8% |
| Other amounts receivable | 41 | €11,300 | €10,050 | -€1,250 | -11.1% |
| Cash at bank and in hand | 54/58 | €365,941 | €501,417 | +€135,476 | +37.0% |
| Total equity and liabilities | 10/49 | €485,712 | €601,901 | +€116,189 | +23.9% |
| Equity | 10/15 | €433,308 | €544,228 | +€110,920 | +25.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €418,308 | €529,228 | +€110,920 | +26.5% |
| Distributable reserves | 133 | €418,308 | €529,228 | +€110,920 | +26.5% |
| Amounts payable | 17/49 | €52,404 | €57,673 | +€5,269 | +10.1% |
| Amounts payable within one year | 42/48 | €50,264 | €55,553 | +€5,289 | +10.5% |
| Trade debts | 44 | €4,117 | - | -€4,117 | |
| Suppliers | 440/4 | €4,117 | - | -€4,117 | |
| Taxes, remuneration and social security | 45 | €17,172 | €23,699 | +€6,527 | +38.0% |
| Taxes | 450/3 | €17,172 | €23,699 | +€6,527 | +38.0% |
| Other amounts payable | 47/48 | €28,975 | €31,854 | +€2,879 | +9.9% |
| Accrued charges and deferred income | 492/3 | €2,140 | €2,120 | -€20 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,204 | €20,537 | +€4,333 | +26.7% |
| Gross operating margin | 9900 | €148,157 | €160,079 | +€11,922 | +8.0% |
| Operating profit (loss) | 9901 | €131,953 | €139,542 | +€7,589 | +5.8% |
| Financial income | 75/76B | €1,335 | €17,763 | +€16,428 | +1,231% |
| Recurring financial income | 75 | €1,335 | €17,763 | +€16,428 | +1,231% |
| Financial charges | 65/66B | €2,183 | €2,250 | +€67 | +3.1% |
| Recurring financial charges | 65 | €2,183 | €2,250 | +€67 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €131,105 | €155,055 | +€23,950 | +18.3% |
| Income taxes | 67/77 | €38,465 | €44,135 | +€5,670 | +14.7% |
| Profit (loss) for the period | 9904 | €92,640 | €110,920 | +€18,280 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,640 | €110,920 | +€18,280 | +19.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.