FeBelGen: 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.
FeBelGen
Largest movements
- Receivables within one year +€314,013
up €314,013 (+34.2%), from €917,114 to €1.2m
of which Trade receivables: +€319,502
- Cash +€213,526
up €213,526 (+41.3%), from €517,302 to €730,827
mainly Net result for the year (+€670,240) and Depreciation (+€29,812)
- Profit (loss) carried forward +€670,240
up €670,240 (+29.5%), from €2.3m to €2.9m
- Tax, wage and social debts -€120,834
down €120,834 (-67.3%), from €179,444 to €58,610
of which Remuneration and social security: -€111,912
- Gross operating margin +€128,527
up €128,527 (+11.8%), from €1.1m to €1.2m
- Staff costs -€33,975
down €33,975 (-6.1%), from €554,037 to €520,062
- Depreciation +€13,748
up €13,748 (+85.6%), from €16,063 to €29,812
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 | €2,651,304 | €3,218,348 | +€567,043 | +21.4% |
| Fixed assets | 21/28 | €100,165 | €118,235 | +€18,069 | +18.0% |
| Tangible fixed assets | 22/27 | €100,165 | €118,235 | +€18,069 | +18.0% |
| Furniture and vehicles | 24 | €2,053 | €2,186 | +€133 | +6.5% |
| Other tangible fixed assets | 26 | €98,113 | €116,049 | +€17,936 | +18.3% |
| Current assets | 29/58 | €2,551,139 | €3,100,113 | +€548,974 | +21.5% |
| Amounts receivable within one year | 40/41 | €917,114 | €1,231,127 | +€314,013 | +34.2% |
| Trade receivables | 40 | €906,089 | €1,225,590 | +€319,502 | +35.3% |
| Other amounts receivable | 41 | €11,025 | €5,536 | -€5,489 | -49.8% |
| Current investments | 50/53 | €1,106,313 | €1,119,627 | +€13,314 | +1.2% |
| Cash at bank and in hand | 54/58 | €517,302 | €730,827 | +€213,526 | +41.3% |
| Deferred charges and accrued income | 490/1 | €10,410 | €18,532 | +€8,122 | +78.0% |
| Total equity and liabilities | 10/49 | €2,651,304 | €3,218,348 | +€567,043 | +21.4% |
| Equity | 10/15 | €2,275,452 | €2,945,692 | +€670,240 | +29.5% |
| Profit (loss) carried forward | 14 | €2,275,452 | €2,945,692 | +€670,240 | +29.5% |
| Amounts payable | 17/49 | €375,852 | €272,655 | -€103,196 | -27.5% |
| Amounts payable within one year | 42/48 | €373,502 | €269,955 | -€103,547 | -27.7% |
| Financial debts | 43 | €1,401 | €2,397 | +€996 | +71.1% |
| Credit institutions | 430/8 | €1,401 | €2,397 | +€996 | +71.1% |
| Trade debts | 44 | €192,657 | €208,948 | +€16,292 | +8.5% |
| Suppliers | 440/4 | €192,657 | €208,948 | +€16,292 | +8.5% |
| Taxes, remuneration and social security | 45 | €179,444 | €58,610 | -€120,834 | -67.3% |
| Taxes | 450/3 | €31,260 | €22,337 | -€8,922 | -28.5% |
| Remuneration and social security | 454/9 | €148,185 | €36,273 | -€111,912 | -75.5% |
| Accrued charges and deferred income | 492/3 | €2,350 | €2,700 | +€350 | +14.9% |
| Non-recurring operating income | 76A | - | €6,612 | +€6,612 | |
| Remuneration, social security and pensions | 62 | €554,037 | €520,062 | -€33,975 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,063 | €29,812 | +€13,748 | +85.6% |
| Other operating charges | 640/8 | €2,113 | €795 | -€1,318 | -62.4% |
| Gross operating margin | 9900 | €1,093,493 | €1,222,021 | +€128,527 | +11.8% |
| Operating profit (loss) | 9901 | €521,280 | €671,352 | +€150,072 | +28.8% |
| Financial income | 75/76B | €2,710 | €3,611 | +€900 | +33.2% |
| Recurring financial income | 75 | €2,710 | €3,611 | +€900 | +33.2% |
| Financial charges | 65/66B | €2,348 | €3,936 | +€1,587 | +67.6% |
| Recurring financial charges | 65 | €2,348 | €3,936 | +€1,587 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €521,642 | €671,027 | +€149,385 | +28.6% |
| Income taxes | 67/77 | €1,424 | €788 | -€636 | -44.7% |
| Profit (loss) for the period | 9904 | €520,218 | €670,240 | +€150,021 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €520,218 | €670,240 | +€150,021 | +28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.