FAF NEDJO: 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.
FAF NEDJO
Largest movements
- Receivables within one year -€33,653
down €33,653 (-54.7%), from €61,481 to €27,827
of which Trade receivables: -€31,516
- Stocks and contracts +€14,572
up €14,572 (+137.4%), from €10,603 to €25,175
of which Contracts in progress: +€14,260
- Tangible fixed assets +€10,385
up €10,385 (+237.2%), from €4,379 to €14,763
of which Furniture and vehicles: +€12,585
- Cash +€7,711
up €7,711 (+148.9%), from €5,179 to €12,890
mainly Receivables within one year (+€33,653) and Debts after one year (+€5,078)
- Trade debts -€5,325
down €5,325 (-56.3%), from €9,467 to €4,142
- Tax, wage and social debts -€5,209
down €5,209 (-69.0%), from €7,546 to €2,337
of which Remuneration and social security: -€5,242
- Debts after one year +€5,078
up €5,078 (+16.7%), from €30,462 to €35,540
- Current portion of long-term debt +€3,800
up €3,800 (+103.3%), from €3,677 to €7,478
- Accrued charges and deferred income +€967
new in 2024: €967
- Turnover -€83,890
down €83,890 (-63.7%), from €131,626 to €47,736
- Purchases and services -€74,349
down €74,349 (-64.1%), from €116,043 to €41,694
- Gross operating margin -€6,014
down €6,014 (-38.6%), from €15,583 to €9,569
- Financial charges +€2,467
up €2,467 (+113.3%), from €2,177 to €4,644
of which Financial charges: +€2,565
- Taxes -€1,827
down €1,827 (-87.7%), from €2,082 to €255
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.
Cash bridge derived
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 | €81,861 | €81,399 | -€463 | -0.6% |
| Fixed assets | 21/28 | €4,493 | €14,877 | +€10,385 | +231.2% |
| Tangible fixed assets | 22/27 | €4,379 | €14,763 | +€10,385 | +237.2% |
| Plant, machinery and equipment | 23 | €4,379 | €2,178 | -€2,200 | -50.2% |
| Furniture and vehicles | 24 | - | €12,585 | +€12,585 | |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €77,369 | €66,522 | -€10,847 | -14.0% |
| Stocks and contracts in progress | 3 | €10,603 | €25,175 | +€14,572 | +137.4% |
| Stocks | 30/36 | €3,173 | €3,485 | +€312 | +9.8% |
| Contracts in progress | 37 | €7,430 | €21,690 | +€14,260 | +191.9% |
| Amounts receivable within one year | 40/41 | €61,481 | €27,827 | -€33,653 | -54.7% |
| Trade receivables | 40 | €57,761 | €26,245 | -€31,516 | -54.6% |
| Other amounts receivable | 41 | €3,719 | €1,582 | -€2,137 | -57.5% |
| Cash at bank and in hand | 54/58 | €5,179 | €12,890 | +€7,711 | +148.9% |
| Deferred charges and accrued income | 490/1 | €106 | €629 | +€523 | +492.1% |
| Total equity and liabilities | 10/49 | €81,861 | €81,399 | -€463 | -0.6% |
| Equity | 10/15 | €30,283 | €30,935 | +€652 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,083 | €24,735 | +€652 | +2.7% |
| Non-distributable reserves | 130/1 | €413 | €413 | = | 0.0% |
| Legal reserve | 130 | €413 | €413 | = | 0.0% |
| Distributable reserves | 133 | €23,670 | €24,322 | +€652 | +2.8% |
| Amounts payable | 17/49 | €51,578 | €50,464 | -€1,114 | -2.2% |
| Amounts payable after more than one year | 17 | €30,462 | €35,540 | +€5,078 | +16.7% |
| Financial debts | 170/4 | €30,462 | €35,540 | +€5,078 | +16.7% |
| Amounts payable within one year | 42/48 | €21,116 | €13,956 | -€7,160 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €3,677 | €7,478 | +€3,800 | +103.3% |
| Trade debts | 44 | €9,467 | €4,142 | -€5,325 | -56.3% |
| Suppliers | 440/4 | €9,467 | €4,142 | -€5,325 | -56.3% |
| Taxes, remuneration and social security | 45 | €7,546 | €2,337 | -€5,209 | -69.0% |
| Taxes | 450/3 | €2,305 | €2,337 | +€32 | +1.4% |
| Remuneration and social security | 454/9 | €5,242 | - | -€5,242 | |
| Other amounts payable | 47/48 | €426 | - | -€426 | |
| Accrued charges and deferred income | 492/3 | - | €967 | +€967 | |
| Turnover | 70 | €131,626 | €47,736 | -€83,890 | -63.7% |
| Non-recurring operating income | 76A | - | €3,502 | +€3,502 | |
| Goods, raw materials, services and sundry goods | 60/61 | €116,043 | €41,694 | -€74,349 | -64.1% |
| Remuneration, social security and pensions | 62 | €1,183 | €43 | -€1,140 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,365 | €3,615 | +€1,250 | +52.9% |
| Other operating charges | 640/8 | €290 | €274 | -€16 | -5.7% |
| Non-recurring operating charges | 66A | - | €85 | +€85 | |
| Gross operating margin | 9900 | €15,583 | €9,569 | -€6,014 | -38.6% |
| Operating profit (loss) | 9901 | €11,744 | €5,551 | -€6,193 | -52.7% |
| Financial charges | 65/66B | €2,177 | €4,644 | +€2,467 | +113.3% |
| Recurring financial charges | 65 | €2,079 | €4,644 | +€2,565 | +123.3% |
| Non-recurring financial charges | 66B | €98 | - | -€98 | |
| Profit (loss) for the period before taxes | 9903 | €9,567 | €907 | -€8,660 | -90.5% |
| Income taxes | 67/77 | €2,082 | €255 | -€1,827 | -87.7% |
| Profit (loss) for the period | 9904 | €7,485 | €652 | -€6,833 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,485 | €652 | -€6,833 | -91.3% |
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 12 October 2026 via checked.be.