FECH: 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.
FECH
Largest movements
- Tangible fixed assets -€136,486
down €136,486 (-28.1%), from €486,427 to €349,940
- Cash +€26,744
up €26,744 (+1254.0%), from €2,133 to €28,876
mainly Depreciation (+€100,513) and Investment in fixed assets (net) (+€35,973)
- Other debts -€45,794
down €45,794 (-13.1%), from €348,613 to €302,819
- Profit (loss) carried forward -€44,852
down €44,852 (-15.4%), from -€290,910 to -€335,762
- Debts after one year -€11,420
down €11,420 (-8.8%), from €129,654 to €118,234
- Trade debts -€7,676
down €7,676 (-3.2%), from €239,202 to €231,526
- Depreciation +€100,513
new in 2024: €100,513
- Gross operating margin +€47,671
up €47,671 (+249.2%), from €19,132 to €66,803
- Turnover +€38,916
up €38,916 (+20.3%), from €191,743 to €230,659
- Purchases and services -€8,755
down €8,755 (-5.1%), from €172,611 to €163,857
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 | €488,559 | €378,817 | -€109,742 | -22.5% |
| Fixed assets | 21/28 | €486,427 | €349,940 | -€136,486 | -28.1% |
| Tangible fixed assets | 22/27 | €486,427 | €349,940 | -€136,486 | -28.1% |
| Land and buildings | 22 | €486,427 | €349,940 | -€136,486 | -28.1% |
| Current assets | 29/58 | €2,133 | €28,876 | +€26,744 | +1254.0% |
| Cash at bank and in hand | 54/58 | €2,133 | €28,876 | +€26,744 | +1254.0% |
| Total equity and liabilities | 10/49 | €488,559 | €378,817 | -€109,742 | -22.5% |
| Equity | 10/15 | -€228,910 | -€273,762 | -€44,852 | -19.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Profit (loss) carried forward | 14 | -€290,910 | -€335,762 | -€44,852 | -15.4% |
| Amounts payable | 17/49 | €717,470 | €652,579 | -€64,890 | -9.0% |
| Amounts payable after more than one year | 17 | €129,654 | €118,234 | -€11,420 | -8.8% |
| Financial debts | 170/4 | €129,654 | €118,234 | -€11,420 | -8.8% |
| Amounts payable within one year | 42/48 | €587,816 | €534,345 | -€53,470 | -9.1% |
| Trade debts | 44 | €239,202 | €231,526 | -€7,676 | -3.2% |
| Suppliers | 440/4 | €239,202 | €231,526 | -€7,676 | -3.2% |
| Other amounts payable | 47/48 | €348,613 | €302,819 | -€45,794 | -13.1% |
| Turnover | 70 | €191,743 | €230,659 | +€38,916 | +20.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €172,611 | €163,857 | -€8,755 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €100,513 | +€100,513 | |
| Other operating charges | 640/8 | €12,127 | €10,874 | -€1,253 | -10.3% |
| Gross operating margin | 9900 | €19,132 | €66,803 | +€47,671 | +249.2% |
| Operating profit (loss) | 9901 | €7,004 | -€44,584 | -€51,589 | |
| Financial charges | 65/66B | €148 | €268 | +€120 | +81.2% |
| Recurring financial charges | 65 | €148 | €268 | +€120 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €6,857 | -€44,852 | -€51,709 | |
| Profit (loss) for the period | 9904 | €6,857 | -€44,852 | -€51,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,857 | -€44,852 | -€51,709 |
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 29 September 2026 via checked.be.