FSDP: 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.
FSDP
Largest movements
- Receivables within one year -€22,181
down €22,181 (-66.0%), from €33,620 to €11,439
of which Trade receivables: -€11,779
- Tangible fixed assets -€8,356
down €8,356 (-36.7%), from €22,755 to €14,399
- Cash +€3,901
up €3,901 (+42.5%), from €9,175 to €13,076
mainly Other debts (+€35,619) and Receivables within one year (+€22,181)
- Stocks and contracts +€907
up €907 (+14.9%), from €6,079 to €6,986
- Profit (loss) carried forward -€36,108
down €36,108, from €26,088 to -€10,020
- Other debts +€35,619
up €35,619 (+3561.9%), from €1,000 to €36,619
- Trade debts -€21,134
down €21,134 (-65.8%), from €32,138 to €11,004
- Tax, wage and social debts -€3,004
down €3,004 (-22.8%), from €13,197 to €10,193
of which Taxes: -€3,564
- Accrued charges and deferred income -€1,329
down €1,329 (-54.6%), from €2,435 to €1,106
- Gross operating margin -€15,508
down €15,508 (-18.2%), from €85,070 to €69,562
- Staff costs -€4,178
down €4,178 (-5.1%), from €81,182 to €77,004
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 | €82,918 | €56,962 | -€25,956 | -31.3% |
| Fixed assets | 21/28 | €32,502 | €24,146 | -€8,356 | -25.7% |
| Tangible fixed assets | 22/27 | €22,755 | €14,399 | -€8,356 | -36.7% |
| Furniture and vehicles | 24 | €22,755 | €14,399 | -€8,356 | -36.7% |
| Financial fixed assets | 28 | €9,747 | €9,747 | = | 0.0% |
| Current assets | 29/58 | €50,416 | €32,816 | -€17,600 | -34.9% |
| Stocks and contracts in progress | 3 | €6,079 | €6,986 | +€907 | +14.9% |
| Stocks | 30/36 | €6,079 | €6,986 | +€907 | +14.9% |
| Amounts receivable within one year | 40/41 | €33,620 | €11,439 | -€22,181 | -66.0% |
| Trade receivables | 40 | €15,403 | €3,624 | -€11,779 | -76.5% |
| Other amounts receivable | 41 | €18,217 | €7,815 | -€10,402 | -57.1% |
| Cash at bank and in hand | 54/58 | €9,175 | €13,076 | +€3,901 | +42.5% |
| Deferred charges and accrued income | 490/1 | €1,542 | €1,315 | -€227 | -14.7% |
| Total equity and liabilities | 10/49 | €82,918 | €56,962 | -€25,956 | -31.3% |
| Equity | 10/15 | €34,148 | -€1,960 | -€36,108 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,088 | -€10,020 | -€36,108 | |
| Amounts payable | 17/49 | €48,770 | €58,922 | +€10,152 | +20.8% |
| Amounts payable within one year | 42/48 | €46,335 | €57,816 | +€11,481 | +24.8% |
| Trade debts | 44 | €32,138 | €11,004 | -€21,134 | -65.8% |
| Suppliers | 440/4 | €32,138 | €11,004 | -€21,134 | -65.8% |
| Taxes, remuneration and social security | 45 | €13,197 | €10,193 | -€3,004 | -22.8% |
| Taxes | 450/3 | €6,916 | €3,352 | -€3,564 | -51.5% |
| Remuneration and social security | 454/9 | €6,281 | €6,841 | +€560 | +8.9% |
| Other amounts payable | 47/48 | €1,000 | €36,619 | +€35,619 | +3561.9% |
| Accrued charges and deferred income | 492/3 | €2,435 | €1,106 | -€1,329 | -54.6% |
| Remuneration, social security and pensions | 62 | €81,182 | €77,004 | -€4,178 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,356 | €8,356 | = | 0.0% |
| Other operating charges | 640/8 | €6,703 | €6,331 | -€372 | -5.5% |
| Gross operating margin | 9900 | €85,070 | €69,562 | -€15,508 | -18.2% |
| Operating profit (loss) | 9901 | -€11,171 | -€22,129 | -€10,958 | -98.1% |
| Financial charges | 65/66B | €13,424 | €13,803 | +€379 | +2.8% |
| Recurring financial charges | 65 | €13,424 | €13,803 | +€379 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,595 | -€35,932 | -€11,337 | -46.1% |
| Income taxes | 67/77 | €73 | €176 | +€103 | +141.1% |
| Profit (loss) for the period | 9904 | -€24,668 | -€36,108 | -€11,440 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,668 | -€36,108 | -€11,440 | -46.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.