FEDD Trans: 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.
FEDD Trans
Largest movements
- Cash +€38,789
up €38,789 (+547%), from €7,089 to €45,878
mainly Net result for the year (+€36,220) and Debts after one year (+€24,757)
- Tangible fixed assets +€37,097
up €37,097 (+97.2%), from €38,173 to €75,270
of which Leasing and similar rights: +€29,086
- Receivables after one year +€7,182
new in 2025: €7,182
- Financial fixed assets +€5,341
up €5,341 (+33.4%), from €16,005 to €21,346
- Receivables within one year -€4,794
down €4,794 (-10.2%), from €47,116 to €42,322
of which Trade receivables: -€26,875
- Profit (loss) carried forward +€36,220
up €36,220 (+145%), from €24,952 to €61,172
- Debts after one year +€24,757
up €24,757 (+98.4%), from €25,162 to €49,919
- Tax, wage and social debts +€18,340
up €18,340 (+152%), from €12,052 to €30,393
of which Remuneration and social security: +€13,188
- Other debts -€16,262
down €16,262 (-100%), from €16,262 to €0
- Short-term financial debts +€11,816
up €11,816 (+111%), from €10,602 to €22,417
- Gross operating margin +€177,455
up €177,455 (+457%), from €38,865 to €216,320
- Staff costs +€127,938
up €127,938 (+2,425%), from €5,275 to €133,213
- Depreciation +€20,706
up €20,706 (+1,899%), from €1,091 to €21,796
- Financial charges +€6,910
up €6,910 (+713%), from €969 to €7,879
- Other operating charges +€5,481
new in 2025: €5,481
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.
Derived cash bridge
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 | €108,920 | €194,829 | +€85,908 | +78.9% |
| Fixed assets | 21/28 | €54,178 | €96,616 | +€42,438 | +78.3% |
| Tangible fixed assets | 22/27 | €38,173 | €75,270 | +€37,097 | +97.2% |
| Plant, machinery and equipment | 23 | - | €8,011 | +€8,011 | |
| Leasing and similar rights | 25 | €38,173 | €67,259 | +€29,086 | +76.2% |
| Financial fixed assets | 28 | €16,005 | €21,346 | +€5,341 | +33.4% |
| Current assets | 29/58 | €54,743 | €98,213 | +€43,470 | +79.4% |
| Amounts receivable after more than one year | 29 | - | €7,182 | +€7,182 | |
| Other amounts receivable | 291 | - | €7,182 | +€7,182 | |
| Amounts receivable within one year | 40/41 | €47,116 | €42,322 | -€4,794 | -10.2% |
| Trade receivables | 40 | €40,073 | €13,198 | -€26,875 | -67.1% |
| Other amounts receivable | 41 | €7,043 | €29,123 | +€22,081 | +314% |
| Cash at bank and in hand | 54/58 | €7,089 | €45,878 | +€38,789 | +547% |
| Deferred charges and accrued income | 490/1 | €537 | €2,831 | +€2,294 | +427% |
| Total equity and liabilities | 10/49 | €108,920 | €194,829 | +€85,908 | +78.9% |
| Equity | 10/15 | €29,952 | €66,172 | +€36,220 | +121% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,952 | €61,172 | +€36,220 | +145% |
| Amounts payable | 17/49 | €78,969 | €128,657 | +€49,688 | +62.9% |
| Amounts payable after more than one year | 17 | €25,162 | €49,919 | +€24,757 | +98.4% |
| Financial debts | 170/4 | €25,162 | €49,919 | +€24,757 | +98.4% |
| Amounts payable within one year | 42/48 | €53,807 | €78,738 | +€24,931 | +46.3% |
| Financial debts | 43 | €10,602 | €22,417 | +€11,816 | +111% |
| Credit institutions | 430/8 | €10,602 | €22,417 | +€11,816 | +111% |
| Trade debts | 44 | €14,892 | €25,928 | +€11,037 | +74.1% |
| Suppliers | 440/4 | €14,892 | €25,928 | +€11,037 | +74.1% |
| Taxes, remuneration and social security | 45 | €12,052 | €30,393 | +€18,340 | +152% |
| Taxes | 450/3 | €6,579 | €11,731 | +€5,152 | +78.3% |
| Remuneration and social security | 454/9 | €5,473 | €18,661 | +€13,188 | +241% |
| Other amounts payable | 47/48 | €16,262 | €0 | -€16,262 | -100% |
| Remuneration, social security and pensions | 62 | €5,275 | €133,213 | +€127,938 | +2,425% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,091 | €21,796 | +€20,706 | +1,899% |
| Other operating charges | 640/8 | - | €5,481 | +€5,481 | |
| Gross operating margin | 9900 | €38,865 | €216,320 | +€177,455 | +457% |
| Operating profit (loss) | 9901 | €32,500 | €55,830 | +€23,331 | +71.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.2% |
| Financial charges | 65/66B | €969 | €7,879 | +€6,910 | +713% |
| Recurring financial charges | 65 | €969 | €7,879 | +€6,910 | +713% |
| Profit (loss) for the period before taxes | 9903 | €31,531 | €47,951 | +€16,420 | +52.1% |
| Income taxes | 67/77 | €6,579 | €11,731 | +€5,152 | +78.3% |
| Profit (loss) for the period | 9904 | €24,952 | €36,220 | +€11,268 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,952 | €36,220 | +€11,268 | +45.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.