Fecera: 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.
Fecera
Largest movements
- Tangible fixed assets +€52,992
up €52,992 (+461.5%), from €11,482 to €64,474
of which Land and buildings: +€55,519
- Cash +€19,319
up €19,319 (+26.9%), from €71,687 to €91,006
mainly Net result for the year (+€48,353) and Debts after one year (+€23,611)
- Receivables within one year +€16,406
up €16,406 (+71.3%), from €22,997 to €39,402
of which Other amounts receivable: +€11,258
- Reserves +€48,353
up €48,353 (+54.7%), from €88,439 to €136,793
- Debts after one year +€23,611
new in 2025: €23,611
- Current portion of long-term debt +€16,667
new in 2025: €16,667
- Other debts -€3,537
no longer reported in 2025 (was €3,537)
- Trade debts +€2,416
up €2,416 (+83.7%), from €2,888 to €5,304
- Gross operating margin +€30,080
up €30,080 (+74.1%), from €40,588 to €70,668
- Taxes +€5,218
up €5,218 (+67.0%), from €7,787 to €13,005
- Depreciation +€2,900
up €2,900 (+72.5%), from €3,998 to €6,898
- Financial charges +€1,049
up €1,049 (+95.6%), from €1,097 to €2,146
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,511 | €197,175 | +€88,664 | +81.7% |
| Fixed assets | 21/28 | €11,482 | €64,474 | +€52,992 | +461.5% |
| Tangible fixed assets | 22/27 | €11,482 | €64,474 | +€52,992 | +461.5% |
| Land and buildings | 22 | - | €55,519 | +€55,519 | |
| Furniture and vehicles | 24 | €11,482 | €8,956 | -€2,527 | -22.0% |
| Current assets | 29/58 | €97,029 | €132,700 | +€35,672 | +36.8% |
| Amounts receivable within one year | 40/41 | €22,997 | €39,402 | +€16,406 | +71.3% |
| Trade receivables | 40 | €11,259 | €16,406 | +€5,147 | +45.7% |
| Other amounts receivable | 41 | €11,737 | €22,996 | +€11,258 | +95.9% |
| Cash at bank and in hand | 54/58 | €71,687 | €91,006 | +€19,319 | +26.9% |
| Deferred charges and accrued income | 490/1 | €2,345 | €2,292 | -€53 | -2.3% |
| Total equity and liabilities | 10/49 | €108,511 | €197,175 | +€88,664 | +81.7% |
| Equity | 10/15 | €88,939 | €137,293 | +€48,353 | +54.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €88,439 | €136,793 | +€48,353 | +54.7% |
| Distributable reserves | 133 | €88,439 | €136,793 | +€48,353 | +54.7% |
| Amounts payable | 17/49 | €19,572 | €59,882 | +€40,310 | +206.0% |
| Amounts payable after more than one year | 17 | - | €23,611 | +€23,611 | |
| Financial debts | 170/4 | - | €23,611 | +€23,611 | |
| Amounts payable within one year | 42/48 | €19,572 | €36,271 | +€16,699 | +85.3% |
| Current portion of amounts payable after more than one year | 42 | - | €16,667 | +€16,667 | |
| Trade debts | 44 | €2,888 | €5,304 | +€2,416 | +83.7% |
| Suppliers | 440/4 | €2,888 | €5,304 | +€2,416 | +83.7% |
| Taxes, remuneration and social security | 45 | €13,147 | €14,301 | +€1,154 | +8.8% |
| Taxes | 450/3 | €10,667 | €12,301 | +€1,634 | +15.3% |
| Remuneration and social security | 454/9 | €2,480 | €2,000 | -€480 | -19.4% |
| Other amounts payable | 47/48 | €3,537 | - | -€3,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,998 | €6,898 | +€2,900 | +72.5% |
| Other operating charges | 640/8 | €352 | €575 | +€223 | +63.4% |
| Gross operating margin | 9900 | €40,588 | €70,668 | +€30,080 | +74.1% |
| Operating profit (loss) | 9901 | €36,238 | €63,195 | +€26,957 | +74.4% |
| Financial income | 75/76B | €199 | €309 | +€110 | +55.3% |
| Recurring financial income | 75 | €199 | €309 | +€110 | +55.3% |
| Financial charges | 65/66B | €1,097 | €2,146 | +€1,049 | +95.6% |
| Recurring financial charges | 65 | €1,097 | €2,146 | +€1,049 | +95.6% |
| Profit (loss) for the period before taxes | 9903 | €35,340 | €61,359 | +€26,018 | +73.6% |
| Income taxes | 67/77 | €7,787 | €13,005 | +€5,218 | +67.0% |
| Profit (loss) for the period | 9904 | €27,553 | €48,353 | +€20,800 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,553 | €48,353 | +€20,800 | +75.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.