EL FAHD: what changed
EL FAHD
Largest movements
- Stocks and contracts -€503,954
down €503,954 (-57.5%), from €876,366 to €372,412
- Cash -€111,835
down €111,835 (-34.9%), from €320,413 to €208,578
mainly Trade debts (-€573,483) and Investment in fixed assets (net) (-€71,212)
- Financial fixed assets +€66,212
up €66,212 (+356%), from €18,600 to €84,812
- Receivables within one year +€41,882
up €41,882 (+13.8%), from €304,224 to €346,106
of which Trade receivables: +€46,865
- Trade debts -€573,483
down €573,483 (-45.9%), from €1.2m to €675,477
- Profit (loss) carried forward +€49,699
up €49,699 (+30.2%), from €164,514 to €214,213
- Tax, wage and social debts +€20,889
up €20,889 (+28.2%), from €74,046 to €94,935
of which Remuneration and social security: +€17,833
- Turnover +€401,212
up €401,212 (+31.3%), from €1.3m to €1.7m
- Purchases and services +€301,860
up €301,860 (+27.8%), from €1.1m to €1.4m
- Gross operating margin +€99,352
up €99,352 (+51.6%), from €192,630 to €291,982
- Staff costs +€49,816
up €49,816 (+31.1%), from €160,226 to €210,042
- Other operating charges +€17,487
up €17,487 (+962%), from €1,817 to €19,304
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,519,603 | €1,016,708 | -€502,895 | -33.1% |
| Fixed assets | 21/28 | €18,600 | €89,613 | +€71,013 | +382% |
| Tangible fixed assets | 22/27 | - | €4,801 | +€4,801 | |
| Furniture and vehicles | 24 | - | €4,801 | +€4,801 | |
| Financial fixed assets | 28 | €18,600 | €84,812 | +€66,212 | +356% |
| Current assets | 29/58 | €1,501,003 | €927,096 | -€573,907 | -38.2% |
| Stocks and contracts in progress | 3 | €876,366 | €372,412 | -€503,954 | -57.5% |
| Stocks | 30/36 | €876,366 | €372,412 | -€503,954 | -57.5% |
| Amounts receivable within one year | 40/41 | €304,224 | €346,106 | +€41,882 | +13.8% |
| Trade receivables | 40 | €295,151 | €342,016 | +€46,865 | +15.9% |
| Other amounts receivable | 41 | €9,073 | €4,090 | -€4,983 | -54.9% |
| Cash at bank and in hand | 54/58 | €320,413 | €208,578 | -€111,835 | -34.9% |
| Total equity and liabilities | 10/49 | €1,519,603 | €1,016,708 | -€502,895 | -33.1% |
| Equity | 10/15 | €196,374 | €246,073 | +€49,699 | +25.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Share premium | 1100/10 | €30,000 | €30,000 | = | 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 | €164,514 | €214,213 | +€49,699 | +30.2% |
| Amounts payable | 17/49 | €1,323,229 | €770,635 | -€552,594 | -41.8% |
| Amounts payable within one year | 42/48 | €1,323,229 | €770,635 | -€552,594 | -41.8% |
| Trade debts | 44 | €1,248,959 | €675,477 | -€573,483 | -45.9% |
| Suppliers | 440/4 | €1,248,959 | €675,477 | -€573,483 | -45.9% |
| Taxes, remuneration and social security | 45 | €74,046 | €94,935 | +€20,889 | +28.2% |
| Taxes | 450/3 | €10,781 | €13,837 | +€3,056 | +28.4% |
| Remuneration and social security | 454/9 | €63,265 | €81,098 | +€17,833 | +28.2% |
| Other amounts payable | 47/48 | €224 | €224 | = | 0.0% |
| Turnover | 70 | €1,279,976 | €1,681,189 | +€401,212 | +31.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,087,347 | €1,389,207 | +€301,860 | +27.8% |
| Remuneration, social security and pensions | 62 | €160,226 | €210,042 | +€49,816 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €199 | +€199 | |
| Other operating charges | 640/8 | €1,817 | €19,304 | +€17,487 | +962% |
| Gross operating margin | 9900 | €192,630 | €291,982 | +€99,352 | +51.6% |
| Operating profit (loss) | 9901 | €30,586 | €62,437 | +€31,850 | +104% |
| Financial income | 75/76B | €5,117 | €191 | -€4,926 | -96.3% |
| Recurring financial income | 75 | €117 | €191 | +€74 | +63.7% |
| Non-recurring financial income | 76B | €5,000 | - | -€5,000 | |
| Financial charges | 65/66B | €4,991 | €4,615 | -€377 | -7.5% |
| Recurring financial charges | 65 | €4,991 | €4,315 | -€677 | -13.6% |
| Non-recurring financial charges | 66B | - | €300 | +€300 | |
| Profit (loss) for the period before taxes | 9903 | €30,712 | €58,013 | +€27,301 | +88.9% |
| Income taxes | 67/77 | €12,237 | €8,314 | -€3,923 | -32.1% |
| Profit (loss) for the period | 9904 | €18,475 | €49,699 | +€31,224 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €18,475 | €49,699 | +€31,224 | +169% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.