F.E.S TRANS: 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.
F.E.S TRANS
Largest movements
- Receivables within one year +€523,265
up €523,265 (+22.7%), from €2.3m to €2.8m
of which Other amounts receivable: +€728,226
- Tax, wage and social debts +€305,092
up €305,092 (+42.5%), from €717,223 to €1.0m
of which Taxes: +€290,979
- Trade debts +€285,072
up €285,072 (+135%), from €210,980 to €496,052
- Debts after one year -€91,101
down €91,101 (-18.3%), from €498,071 to €406,969
- Profit (loss) carried forward -€84,443
down €84,443 (-5.3%), from €1.6m to €1.5m
- Current portion of long-term debt +€73,082
up €73,082 (+13.2%), from €552,399 to €625,481
- Staff costs +€284,220
up €284,220 (+31.5%), from €902,659 to €1.2m
- Depreciation +€221,063
up €221,063 (+41.9%), from €527,954 to €749,017
- Gross operating margin -€103,189
down €103,189 (-4.7%), from €2.2m to €2.1m
- Financial income +€92,184
up €92,184 (+139%), from €66,370 to €158,554
- Financial charges +€70,573
up €70,573 (+116%), from €60,665 to €131,238
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,597,190 | €4,084,893 | +€487,703 | +13.6% |
| Fixed assets | 21/28 | €1,276,952 | €1,254,077 | -€22,875 | -1.8% |
| Tangible fixed assets | 22/27 | €1,222,762 | €1,184,887 | -€37,875 | -3.1% |
| Plant, machinery and equipment | 23 | €1,134 | €901 | -€233 | -20.6% |
| Furniture and vehicles | 24 | - | €1,640 | +€1,640 | |
| Leasing and similar rights | 25 | €1,213,071 | €1,174,928 | -€38,143 | -3.1% |
| Other tangible fixed assets | 26 | €8,556 | €7,418 | -€1,138 | -13.3% |
| Financial fixed assets | 28 | €54,190 | €69,190 | +€15,000 | +27.7% |
| Current assets | 29/58 | €2,320,239 | €2,830,816 | +€510,577 | +22.0% |
| Amounts receivable within one year | 40/41 | €2,303,176 | €2,826,442 | +€523,265 | +22.7% |
| Trade receivables | 40 | €726,746 | €521,786 | -€204,960 | -28.2% |
| Other amounts receivable | 41 | €1,576,430 | €2,304,656 | +€728,226 | +46.2% |
| Cash at bank and in hand | 54/58 | €15,788 | €1,469 | -€14,319 | -90.7% |
| Deferred charges and accrued income | 490/1 | €1,274 | €2,905 | +€1,631 | +128% |
| Total equity and liabilities | 10/49 | €3,597,190 | €4,084,893 | +€487,703 | +13.6% |
| Equity | 10/15 | €1,618,518 | €1,534,076 | -€84,443 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| 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 | €1,598,058 | €1,513,616 | -€84,443 | -5.3% |
| Amounts payable | 17/49 | €1,978,672 | €2,550,818 | +€572,145 | +28.9% |
| Amounts payable after more than one year | 17 | €498,071 | €406,969 | -€91,101 | -18.3% |
| Financial debts | 170/4 | €498,071 | €406,969 | -€91,101 | -18.3% |
| Amounts payable within one year | 42/48 | €1,480,602 | €2,143,848 | +€663,247 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €552,399 | €625,481 | +€73,082 | +13.2% |
| Trade debts | 44 | €210,980 | €496,052 | +€285,072 | +135% |
| Suppliers | 440/4 | €210,980 | €496,052 | +€285,072 | +135% |
| Taxes, remuneration and social security | 45 | €717,223 | €1,022,315 | +€305,092 | +42.5% |
| Taxes | 450/3 | €599,941 | €890,921 | +€290,979 | +48.5% |
| Remuneration and social security | 454/9 | €117,281 | €131,394 | +€14,113 | +12.0% |
| Remuneration, social security and pensions | 62 | €902,659 | €1,186,879 | +€284,220 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €527,954 | €749,017 | +€221,063 | +41.9% |
| Other operating charges | 640/8 | €91,536 | €86,691 | -€4,845 | -5.3% |
| Gross operating margin | 9900 | €2,201,805 | €2,098,616 | -€103,189 | -4.7% |
| Operating profit (loss) | 9901 | €679,656 | €76,029 | -€603,627 | -88.8% |
| Financial income | 75/76B | €66,370 | €158,554 | +€92,184 | +139% |
| Recurring financial income | 75 | €66,370 | €158,554 | +€92,184 | +139% |
| Financial charges | 65/66B | €60,665 | €131,238 | +€70,573 | +116% |
| Recurring financial charges | 65 | €60,665 | €131,238 | +€70,573 | +116% |
| Profit (loss) for the period before taxes | 9903 | €685,361 | €103,345 | -€582,016 | -84.9% |
| Income taxes | 67/77 | €226,873 | €187,788 | -€39,086 | -17.2% |
| Profit (loss) for the period | 9904 | €458,487 | -€84,443 | -€542,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €458,487 | -€84,443 | -€542,930 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.