MADE BY FDK: 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.
MADE BY FDK
Largest movements
- Tangible fixed assets +€31,168
up €31,168 (+1,547%), from €2,015 to €33,183
- Receivables within one year +€30,461
new in 2025: €30,461
of which Trade receivables: +€29,515
- Stocks and contracts +€1,015
up €1,015 (+16.3%), from €6,225 to €7,240
- Cash +€822
up €822 (+17.5%), from €4,703 to €5,525
mainly Other debts (+€60,490) and Trade debts (+€3,165)
- Other debts +€60,490
up €60,490 (+110%), from €54,874 to €115,364
- Trade debts +€3,165
up €3,165 (+330%), from €960 to €4,125
- Gross operating margin +€17,891
up €17,891, from -€14,865 to €3,026
- Depreciation +€1,782
up €1,782 (+166%), from €1,074 to €2,856
- Other operating charges +€584
up €584 (+346%), from €169 to €753
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 | €16,118 | €78,969 | +€62,851 | +390% |
| Fixed assets | 21/28 | €2,515 | €33,683 | +€31,168 | +1,239% |
| Tangible fixed assets | 22/27 | €2,015 | €33,183 | +€31,168 | +1,547% |
| Furniture and vehicles | 24 | €2,015 | €33,183 | +€31,168 | +1,547% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €13,603 | €45,286 | +€31,683 | +233% |
| Stocks and contracts in progress | 3 | €6,225 | €7,240 | +€1,015 | +16.3% |
| Stocks | 30/36 | €6,225 | €7,240 | +€1,015 | +16.3% |
| Amounts receivable within one year | 40/41 | - | €30,461 | +€30,461 | |
| Trade receivables | 40 | - | €29,515 | +€29,515 | |
| Other amounts receivable | 41 | - | €946 | +€946 | |
| Current investments | 50/53 | €300 | €300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,703 | €5,525 | +€822 | +17.5% |
| Deferred charges and accrued income | 490/1 | €2,375 | €1,760 | -€615 | -25.9% |
| Total equity and liabilities | 10/49 | €16,118 | €78,969 | +€62,851 | +390% |
| Equity | 10/15 | -€39,788 | -€40,520 | -€732 | -1.8% |
| Contributions | 10/11 | €8,065 | €8,065 | = | 0.0% |
| Reserves | 13 | €2,519 | €2,519 | = | 0.0% |
| Distributable reserves | 133 | €2,519 | €2,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,372 | -€51,104 | -€732 | -1.5% |
| Amounts payable | 17/49 | €55,906 | €119,489 | +€63,583 | +114% |
| Amounts payable within one year | 42/48 | €55,906 | €119,489 | +€63,583 | +114% |
| Trade debts | 44 | €960 | €4,125 | +€3,165 | +330% |
| Suppliers | 440/4 | €960 | €4,125 | +€3,165 | +330% |
| Taxes, remuneration and social security | 45 | €72 | - | -€72 | |
| Taxes | 450/3 | €72 | - | -€72 | |
| Other amounts payable | 47/48 | €54,874 | €115,364 | +€60,490 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,074 | €2,856 | +€1,782 | +166% |
| Other operating charges | 640/8 | €169 | €753 | +€584 | +346% |
| Gross operating margin | 9900 | -€14,865 | €3,026 | +€17,891 | |
| Operating profit (loss) | 9901 | -€16,108 | -€583 | +€15,525 | +96.4% |
| Financial charges | 65/66B | €76 | €149 | +€73 | +96.1% |
| Recurring financial charges | 65 | €76 | €149 | +€73 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,184 | -€732 | +€15,452 | +95.5% |
| Profit (loss) for the period | 9904 | -€16,184 | -€732 | +€15,452 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,184 | -€732 | +€15,452 | +95.5% |
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 15 October 2026 via checked.be.