FECOPRA: 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.
FECOPRA
Largest movements
- Cash -€31,508
down €31,508 (-8.4%), from €373,894 to €342,386
mainly Trade debts (-€24,054) and Receivables within one year (-€21,226)
- Receivables within one year +€21,226
up €21,226 (+28.8%), from €73,606 to €94,832
of which Trade receivables: +€46,306
- Tangible fixed assets -€11,584
down €11,584 (-48.0%), from €24,114 to €12,530
of which Furniture and vehicles: -€9,266
- Trade debts -€24,054
down €24,054 (-39.6%), from €60,704 to €36,650
- Reserves +€14,959
up €14,959 (+17.1%), from €87,384 to €102,343
- Other debts -€7,044
down €7,044 (-23.6%), from €29,900 to €22,856
- Debts after one year -€6,721
down €6,721 (-53.8%), from €12,503 to €5,782
- Staff costs +€16,667
up €16,667 (+116.8%), from €14,273 to €30,940
- Gross operating margin +€14,136
up €14,136 (+26.6%), from €53,092 to €67,228
- Taxes +€1,641
up €1,641 (+27.3%), from €6,014 to €7,655
- Financial income -€917
down €917 (-57.2%), from €1,602 to €685
of which Non-recurring financial income: -€1,056
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 | €537,143 | €512,933 | -€24,210 | -4.5% |
| Fixed assets | 21/28 | €24,114 | €12,530 | -€11,584 | -48.0% |
| Tangible fixed assets | 22/27 | €24,114 | €12,530 | -€11,584 | -48.0% |
| Plant, machinery and equipment | 23 | €3,739 | €2,033 | -€1,706 | -45.6% |
| Furniture and vehicles | 24 | €18,532 | €9,266 | -€9,266 | -50.0% |
| Other tangible fixed assets | 26 | €1,843 | €1,231 | -€612 | -33.2% |
| Current assets | 29/58 | €513,029 | €500,403 | -€12,626 | -2.5% |
| Amounts receivable within one year | 40/41 | €73,606 | €94,832 | +€21,226 | +28.8% |
| Trade receivables | 40 | €36,474 | €82,780 | +€46,306 | +127.0% |
| Other amounts receivable | 41 | €37,132 | €12,052 | -€25,080 | -67.5% |
| Current investments | 50/53 | €61,123 | €61,123 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €373,894 | €342,386 | -€31,508 | -8.4% |
| Deferred charges and accrued income | 490/1 | €4,406 | €2,062 | -€2,344 | -53.2% |
| Total equity and liabilities | 10/49 | €537,143 | €512,933 | -€24,210 | -4.5% |
| Equity | 10/15 | €418,071 | €433,029 | +€14,958 | +3.6% |
| Contributions | 10/11 | €19,212 | €19,212 | = | 0.0% |
| Outside capital | 11 | €19,212 | €19,212 | = | 0.0% |
| Other | 1109/19 | €19,212 | €19,212 | = | 0.0% |
| Reserves | 13 | €87,384 | €102,343 | +€14,959 | +17.1% |
| Distributable reserves | 133 | €87,384 | €102,343 | +€14,959 | +17.1% |
| Profit (loss) carried forward | 14 | €308,975 | €308,974 | -€1 | 0.0% |
| Investment grants | 15 | €2,500 | €2,500 | = | 0.0% |
| Provisions and deferred taxes | 16 | €480 | €480 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €480 | €480 | = | 0.0% |
| Pensions and similar obligations | 160 | €480 | €480 | = | 0.0% |
| Amounts payable | 17/49 | €118,592 | €79,424 | -€39,168 | -33.0% |
| Amounts payable after more than one year | 17 | €12,503 | €5,782 | -€6,721 | -53.8% |
| Trade debts | 175 | €12,503 | €5,782 | -€6,721 | -53.8% |
| Amounts payable within one year | 42/48 | €103,622 | €73,642 | -€29,980 | -28.9% |
| Trade debts | 44 | €60,704 | €36,650 | -€24,054 | -39.6% |
| Suppliers | 440/4 | €60,704 | €36,650 | -€24,054 | -39.6% |
| Taxes, remuneration and social security | 45 | €13,018 | €14,136 | +€1,118 | +8.6% |
| Taxes | 450/3 | €8,530 | €5,399 | -€3,131 | -36.7% |
| Remuneration and social security | 454/9 | €4,488 | €8,737 | +€4,249 | +94.7% |
| Other amounts payable | 47/48 | €29,900 | €22,856 | -€7,044 | -23.6% |
| Accrued charges and deferred income | 492/3 | €2,467 | - | -€2,467 | |
| Remuneration, social security and pensions | 62 | €14,273 | €30,940 | +€16,667 | +116.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,585 | €11,584 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,460 | €1,360 | -€100 | -6.8% |
| Gross operating margin | 9900 | €53,092 | €67,228 | +€14,136 | +26.6% |
| Operating profit (loss) | 9901 | €25,774 | €23,344 | -€2,430 | -9.4% |
| Financial income | 75/76B | €1,602 | €685 | -€917 | -57.2% |
| Recurring financial income | 75 | €546 | €685 | +€139 | +25.5% |
| Non-recurring financial income | 76B | €1,056 | - | -€1,056 | |
| Financial charges | 65/66B | €1,074 | €1,415 | +€341 | +31.8% |
| Recurring financial charges | 65 | €1,074 | €1,415 | +€341 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €26,302 | €22,614 | -€3,688 | -14.0% |
| Income taxes | 67/77 | €6,014 | €7,655 | +€1,641 | +27.3% |
| Profit (loss) for the period | 9904 | €20,288 | €14,959 | -€5,329 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,288 | €14,959 | -€5,329 | -26.3% |
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 5 October 2026 via checked.be.