Fecas: 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.
What changed
Fecas
NACE 47.120, Other non-specialised retail sale
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€95,140
2023 · €211,971-€116,831
Equity
€355,875
2023 · €260,735+€95,140
Cash
€258,194
2023 · €270,102-€11,908
Balance sheet total
€2.4m
2023 · €2.6m-€187,054
Largest movements
Assets
- Receivables within one year +€103,201
up €103,201 (+127%), from €81,118 to €184,319
of which Other amounts receivable: +€105,560
- Tangible fixed assets -€102,063
down €102,063 (-6.7%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€59,447
- Stocks and contracts -€95,581
down €95,581 (-17.1%), from €559,139 to €463,558
- Deferred charges and accrued income -€92,400
down €92,400 (-100%), from €92,400 to €0
Equity and liabilities
- Debts after one year -€235,309
down €235,309 (-21.5%), from €1.1m to €859,549
- Profit (loss) carried forward +€95,140
up €95,140 (+77.4%), from €122,907 to €218,047
- Short-term financial debts -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
Income statement
- Depreciation +€75,406
up €75,406 (+60.9%), from €123,921 to €199,327
- Gross operating margin -€46,335
down €46,335 (-5.8%), from €805,525 to €759,190
- Staff costs -€8,749
down €8,749 (-2.0%), from €444,641 to €435,892
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.
Result 2023
€211,971
Gross operating margin
-€46,335
Staff costs
+€8,749
Depreciation
-€75,406
Other operating charges
-€314
Financial income
-€75
Financial charges
-€3,453
Taxes
+€3
Result 2024
€95,140
raises the resultlowers the result
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.
From operations
+€374,396
Investment
-€97,264
Financing
-€289,040
Cash 2023
€270,102
From operations (derived)
+€374,396
Net result for the year
+€95,140
Depreciation
+€199,327
Receivables after one year
-€11,697
Stocks and contracts
+€95,581
Receivables within one year
-€103,201
Deferred charges and accrued income
+€92,400
Trade debts
+€6,189
Smaller working-capital items
+€657
Investment (derived)
-€97,264
Investment in fixed assets (net)
-€97,264
Financing
-€289,040
Debts after one year
-€235,309
Current portion of long-term debt
-€3,731
Short-term financial debts
-€50,000
Cash 2024
€258,194
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,604,311 | €2,417,257 | -€187,054 | -7.2% |
| Fixed assets | 21/28 | €1,601,552 | €1,499,489 | -€102,063 | -6.4% |
| Intangible fixed assets | 21 | €86,763 | €86,763 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,514,789 | €1,412,726 | -€102,063 | -6.7% |
| Land and buildings | 22 | €8,160 | €8,496 | +€336 | +4.1% |
| Plant, machinery and equipment | 23 | €1,144,936 | €1,085,489 | -€59,447 | -5.2% |
| Furniture and vehicles | 24 | €24,048 | €19,770 | -€4,278 | -17.8% |
| Other tangible fixed assets | 26 | €337,645 | €298,971 | -€38,674 | -11.5% |
| Current assets | 29/58 | €1,002,759 | €917,768 | -€84,991 | -8.5% |
| Amounts receivable after more than one year | 29 | - | €11,697 | +€11,697 | |
| Other amounts receivable | 291 | - | €11,697 | +€11,697 | |
| Stocks and contracts in progress | 3 | €559,139 | €463,558 | -€95,581 | -17.1% |
| Stocks | 30/36 | €559,139 | €463,558 | -€95,581 | -17.1% |
| Amounts receivable within one year | 40/41 | €81,118 | €184,319 | +€103,201 | +127% |
| Trade receivables | 40 | €28,245 | €25,886 | -€2,359 | -8.4% |
| Other amounts receivable | 41 | €52,873 | €158,433 | +€105,560 | +200% |
| Cash at bank and in hand | 54/58 | €270,102 | €258,194 | -€11,908 | -4.4% |
| Deferred charges and accrued income | 490/1 | €92,400 | €0 | -€92,400 | -100% |
| Total equity and liabilities | 10/49 | €2,604,311 | €2,417,257 | -€187,054 | -7.2% |
| Equity | 10/15 | €260,735 | €355,875 | +€95,140 | +36.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €38,671 | €38,671 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,736 | €25,736 | = | 0.0% |
| Distributable reserves | 133 | €3,019 | €3,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,907 | €218,047 | +€95,140 | +77.4% |
| Amounts payable | 17/49 | €2,343,576 | €2,061,382 | -€282,194 | -12.0% |
| Amounts payable after more than one year | 17 | €1,094,858 | €859,549 | -€235,309 | -21.5% |
| Financial debts | 170/4 | €1,094,858 | €859,549 | -€235,309 | -21.5% |
| Amounts payable within one year | 42/48 | €1,248,718 | €1,201,833 | -€46,885 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €194,882 | €191,151 | -€3,731 | -1.9% |
| Financial debts | 43 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Credit institutions | 430/8 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Trade debts | 44 | €673,255 | €679,444 | +€6,189 | +0.9% |
| Suppliers | 440/4 | €673,255 | €679,444 | +€6,189 | +0.9% |
| Taxes, remuneration and social security | 45 | €71,781 | €72,279 | +€498 | +0.7% |
| Taxes | 450/3 | €860 | €602 | -€258 | -30.0% |
| Remuneration and social security | 454/9 | €70,921 | €71,677 | +€756 | +1.1% |
| Other amounts payable | 47/48 | €108,800 | €108,959 | +€159 | +0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €500 | €987 | +€487 | +97.4% |
| Remuneration, social security and pensions | 62 | €444,641 | €435,892 | -€8,749 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,921 | €199,327 | +€75,406 | +60.9% |
| Other operating charges | 640/8 | €4,826 | €5,140 | +€314 | +6.5% |
| Gross operating margin | 9900 | €805,525 | €759,190 | -€46,335 | -5.8% |
| Operating profit (loss) | 9901 | €232,137 | €118,831 | -€113,306 | -48.8% |
| Financial income | 75/76B | €331 | €256 | -€75 | -22.7% |
| Recurring financial income | 75 | €331 | €256 | -€75 | -22.7% |
| Financial charges | 65/66B | €20,323 | €23,776 | +€3,453 | +17.0% |
| Recurring financial charges | 65 | €20,323 | €23,776 | +€3,453 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €212,145 | €95,311 | -€116,834 | -55.1% |
| Income taxes | 67/77 | €174 | €171 | -€3 | -1.7% |
| Profit (loss) for the period | 9904 | €211,971 | €95,140 | -€116,831 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €211,971 | €95,140 | -€116,831 | -55.1% |
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 22 October 2026 via checked.be.