FEDAN: 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.
FEDAN
Largest movements
- Tangible fixed assets -€22,181
down €22,181 (-9.2%), from €239,931 to €217,750
of which Furniture and vehicles: -€17,054
- Cash +€9,338
up €9,338 (+46.1%), from €20,259 to €29,597
mainly Depreciation (+€22,181) and Receivables after one year (+€5,436)
- Receivables after one year -€5,436
down €5,436 (-8.7%), from €62,248 to €56,812
- Receivables within one year +€5,283
up €5,283 (+20.8%), from €25,450 to €30,734
of which Trade receivables: +€2,778
- Profit (loss) carried forward -€13,366
down €13,366 (-59.1%), from -€22,616 to -€35,982
- Gross operating margin +€10,102
up €10,102 (+3492.2%), from €289 to €10,391
- Other operating charges +€829
up €829 (+66.7%), from €1,243 to €2,072
- Financial income -€141
down €141 (-5.3%), from €2,665 to €2,524
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 | €347,889 | €334,893 | -€12,996 | -3.7% |
| Fixed assets | 21/28 | €239,931 | €217,750 | -€22,181 | -9.2% |
| Tangible fixed assets | 22/27 | €239,931 | €217,750 | -€22,181 | -9.2% |
| Land and buildings | 22 | €168,817 | €164,068 | -€4,749 | -2.8% |
| Plant, machinery and equipment | 23 | €3,365 | €2,987 | -€379 | -11.2% |
| Furniture and vehicles | 24 | €67,749 | €50,695 | -€17,054 | -25.2% |
| Current assets | 29/58 | €107,958 | €117,143 | +€9,185 | +8.5% |
| Amounts receivable after more than one year | 29 | €62,248 | €56,812 | -€5,436 | -8.7% |
| Other amounts receivable | 291 | €62,248 | €56,812 | -€5,436 | -8.7% |
| Amounts receivable within one year | 40/41 | €25,450 | €30,734 | +€5,283 | +20.8% |
| Trade receivables | 40 | €8,594 | €11,372 | +€2,778 | +32.3% |
| Other amounts receivable | 41 | €16,856 | €19,362 | +€2,506 | +14.9% |
| Cash at bank and in hand | 54/58 | €20,259 | €29,597 | +€9,338 | +46.1% |
| Total equity and liabilities | 10/49 | €347,889 | €334,893 | -€12,996 | -3.7% |
| Equity | 10/15 | €335,721 | €322,355 | -€13,366 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €352,138 | €352,138 | = | 0.0% |
| Distributable reserves | 133 | €352,138 | €352,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,616 | -€35,982 | -€13,366 | -59.1% |
| Amounts payable | 17/49 | €12,168 | €12,538 | +€370 | +3.0% |
| Amounts payable within one year | 42/48 | €12,168 | €12,538 | +€370 | +3.0% |
| Financial debts | 43 | €5,472 | €5,445 | -€28 | -0.5% |
| Other loans | 439 | €5,472 | €5,445 | -€28 | -0.5% |
| Trade debts | 44 | €1,884 | €2,008 | +€124 | +6.6% |
| Suppliers | 440/4 | €1,884 | €2,008 | +€124 | +6.6% |
| Taxes, remuneration and social security | 45 | €4,812 | €5,086 | +€274 | +5.7% |
| Taxes | 450/3 | €4,812 | €5,086 | +€274 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,181 | €22,181 | = | 0.0% |
| Other operating charges | 640/8 | €1,243 | €2,072 | +€829 | +66.7% |
| Gross operating margin | 9900 | €289 | €10,391 | +€10,102 | +3492.2% |
| Operating profit (loss) | 9901 | -€23,135 | -€13,862 | +€9,273 | +40.1% |
| Financial income | 75/76B | €2,665 | €2,524 | -€141 | -5.3% |
| Recurring financial income | 75 | €2,665 | €2,524 | -€141 | -5.3% |
| Financial charges | 65/66B | €1,739 | €1,644 | -€95 | -5.5% |
| Recurring financial charges | 65 | €1,739 | €1,644 | -€95 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,209 | -€12,982 | +€9,227 | +41.5% |
| Income taxes | 67/77 | €407 | €384 | -€23 | -5.6% |
| Profit (loss) for the period | 9904 | -€22,616 | -€13,366 | +€9,250 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,616 | -€13,366 | +€9,250 | +40.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.