FEDE DI ORO: what changed
What changed
FEDE DI ORO
NACE 32.123, Manufacture of jewellery
filed annual accounts (NBB)
Net result for the year
€62,307
2024 · €53,496+€8,811
Equity
€376,511
2024 · €314,204+€62,307
Cash
€117,319
2024 · €115,040+€2,279
Balance sheet total
€790,546
2024 · €748,995+€41,551
Largest movements
Assets
- Stocks and contracts +€21,133
up €21,133 (+10.9%), from €193,756 to €214,889
- Tangible fixed assets +€18,613
up €18,613 (+4.3%), from €437,012 to €455,625
of which Furniture and vehicles: +€18,455
Equity and liabilities
- Reserves +€62,307
up €62,307 (+21.1%), from €295,604 to €357,911
- Debts after one year -€16,531
down €16,531 (-5.5%), from €302,172 to €285,642
- Trade debts -€9,653
down €9,653 (-30.3%), from €31,908 to €22,255
Income statement
- Gross operating margin +€20,266
up €20,266 (+24.0%), from €84,530 to €104,796
- Depreciation +€4,401
up €4,401 (+286%), from €1,540 to €5,940
- Financial charges +€2,791
up €2,791 (+26.5%), from €10,551 to €13,341
- Other operating charges +€2,520
up €2,520 (+75.4%), from €3,342 to €5,863
- Taxes +€1,746
up €1,746 (+11.0%), from €15,858 to €17,603
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€53,496
Gross operating margin
+€20,266
Depreciation
-€4,401
Other operating charges
-€2,520
Financial income
+€2
Financial charges
-€2,791
Taxes
-€1,746
Result 2025
€62,307
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,671
Investment
-€24,553
Financing
-€17,838
Cash 2024
€115,040
From operations (derived)
+€44,671
Net result for the year
+€62,307
Depreciation
+€5,940
Stocks and contracts
-€21,133
Deferred charges and accrued income
+€473
Trade debts
-€9,653
Tax, wage and social debts
+€7,590
Other debts
-€2,010
Accrued charges and deferred income
+€1,157
Investment (derived)
-€24,553
Investment in fixed assets (net)
-€24,553
Financing
-€17,838
Debts after one year
-€16,531
Current portion of long-term debt
-€2,332
Short-term financial debts
+€1,024
Cash 2025
€117,319
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €748,995 | €790,546 | +€41,551 | +5.5% |
| Fixed assets | 21/28 | €437,012 | €455,625 | +€18,613 | +4.3% |
| Tangible fixed assets | 22/27 | €437,012 | €455,625 | +€18,613 | +4.3% |
| Land and buildings | 22 | €431,577 | €431,577 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,251 | €5,409 | +€158 | +3.0% |
| Furniture and vehicles | 24 | €184 | €18,639 | +€18,455 | +10,021% |
| Current assets | 29/58 | €311,983 | €334,921 | +€22,938 | +7.4% |
| Stocks and contracts in progress | 3 | €193,756 | €214,889 | +€21,133 | +10.9% |
| Stocks | 30/36 | €193,756 | €214,889 | +€21,133 | +10.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €115,040 | €117,319 | +€2,279 | +2.0% |
| Deferred charges and accrued income | 490/1 | €3,187 | €2,714 | -€473 | -14.9% |
| Total equity and liabilities | 10/49 | €748,995 | €790,546 | +€41,551 | +5.5% |
| Equity | 10/15 | €314,204 | €376,511 | +€62,307 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,604 | €357,911 | +€62,307 | +21.1% |
| Distributable reserves | 133 | €295,604 | €357,911 | +€62,307 | +21.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €434,791 | €414,035 | -€20,756 | -4.8% |
| Amounts payable after more than one year | 17 | €302,172 | €285,642 | -€16,531 | -5.5% |
| Financial debts | 170/4 | €302,172 | €285,642 | -€16,531 | -5.5% |
| Amounts payable within one year | 42/48 | €130,959 | €125,578 | -€5,382 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €35,674 | €33,342 | -€2,332 | -6.5% |
| Financial debts | 43 | €8,030 | €9,054 | +€1,024 | +12.8% |
| Credit institutions | 430/8 | €8,030 | €9,054 | +€1,024 | +12.8% |
| Trade debts | 44 | €31,908 | €22,255 | -€9,653 | -30.3% |
| Suppliers | 440/4 | €31,908 | €22,255 | -€9,653 | -30.3% |
| Taxes, remuneration and social security | 45 | €12,719 | €20,309 | +€7,590 | +59.7% |
| Taxes | 450/3 | €12,719 | €20,309 | +€7,590 | +59.7% |
| Other amounts payable | 47/48 | €42,628 | €40,618 | -€2,010 | -4.7% |
| Accrued charges and deferred income | 492/3 | €1,659 | €2,816 | +€1,157 | +69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,540 | €5,940 | +€4,401 | +286% |
| Other operating charges | 640/8 | €3,342 | €5,863 | +€2,520 | +75.4% |
| Gross operating margin | 9900 | €84,530 | €104,796 | +€20,266 | +24.0% |
| Operating profit (loss) | 9901 | €79,648 | €92,993 | +€13,345 | +16.8% |
| Financial income | 75/76B | €257 | €259 | +€2 | +0.6% |
| Recurring financial income | 75 | €257 | €259 | +€2 | +0.6% |
| Financial charges | 65/66B | €10,551 | €13,341 | +€2,791 | +26.5% |
| Recurring financial charges | 65 | €10,551 | €13,341 | +€2,791 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €69,354 | €79,911 | +€10,556 | +15.2% |
| Income taxes | 67/77 | €15,858 | €17,603 | +€1,746 | +11.0% |
| Profit (loss) for the period | 9904 | €53,496 | €62,307 | +€8,811 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,496 | €62,307 | +€8,811 | +16.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.