FEDEBRA Holdings: 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.
FEDEBRA Holdings
Largest movements
- Receivables within one year +€44,791
up €44,791 (+191%), from €23,459 to €68,251
of which Trade receivables: +€36,378
- Financial fixed assets +€25,000
up €25,000 (+161%), from €15,500 to €40,500
- Tangible fixed assets -€21,946
down €21,946 (-28.6%), from €76,776 to €54,830
of which Leasing and similar rights: -€21,019
- Cash +€16,564
up €16,564 (+195%), from €8,475 to €25,039
mainly Net result for the year (+€37,108) and Trade debts (+€25,682)
- Reserves +€37,108
up €37,108 (+74.9%), from €49,560 to €86,667
- Trade debts +€25,682
up €25,682 (+187%), from €13,753 to €39,434
- Tax, wage and social debts +€3,384
up €3,384 (+41.7%), from €8,112 to €11,496
- Current portion of long-term debt -€3,099
down €3,099 (-14.3%), from €21,719 to €18,620
- Debts after one year +€2,899
up €2,899 (+6.1%), from €47,397 to €50,296
- Gross operating margin +€10,127
up €10,127 (+13.6%), from €74,304 to €84,432
- Taxes +€5,286
up €5,286 (+39.9%), from €13,244 to €18,530
- Financial charges +€1,299
up €1,299 (+47.5%), from €2,738 to €4,037
- Depreciation +€898
up €898 (+3.8%), from €23,775 to €24,673
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 | €145,397 | €210,740 | +€65,342 | +44.9% |
| Fixed assets | 21/28 | €92,276 | €95,330 | +€3,054 | +3.3% |
| Tangible fixed assets | 22/27 | €76,776 | €54,830 | -€21,946 | -28.6% |
| Furniture and vehicles | 24 | €5,767 | €4,840 | -€927 | -16.1% |
| Leasing and similar rights | 25 | €71,008 | €49,989 | -€21,019 | -29.6% |
| Financial fixed assets | 28 | €15,500 | €40,500 | +€25,000 | +161% |
| Current assets | 29/58 | €53,122 | €115,410 | +€62,288 | +117% |
| Amounts receivable within one year | 40/41 | €23,459 | €68,251 | +€44,791 | +191% |
| Trade receivables | 40 | €23,226 | €59,604 | +€36,378 | +157% |
| Other amounts receivable | 41 | €234 | €8,647 | +€8,413 | +3,603% |
| Current investments | 50/53 | €19,603 | €21,628 | +€2,025 | +10.3% |
| Cash at bank and in hand | 54/58 | €8,475 | €25,039 | +€16,564 | +195% |
| Deferred charges and accrued income | 490/1 | €1,585 | €493 | -€1,092 | -68.9% |
| Total equity and liabilities | 10/49 | €145,397 | €210,740 | +€65,342 | +44.9% |
| Equity | 10/15 | €49,561 | €86,668 | +€37,108 | +74.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €49,560 | €86,667 | +€37,108 | +74.9% |
| Distributable reserves | 133 | €49,560 | €86,667 | +€37,108 | +74.9% |
| Amounts payable | 17/49 | €95,837 | €124,071 | +€28,235 | +29.5% |
| Amounts payable after more than one year | 17 | €47,397 | €50,296 | +€2,899 | +6.1% |
| Financial debts | 170/4 | €47,397 | €50,296 | +€2,899 | +6.1% |
| Amounts payable within one year | 42/48 | €44,590 | €69,926 | +€25,336 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €21,719 | €18,620 | -€3,099 | -14.3% |
| Financial debts | 43 | - | €375 | +€375 | |
| Credit institutions | 430/8 | - | €375 | +€375 | |
| Trade debts | 44 | €13,753 | €39,434 | +€25,682 | +187% |
| Suppliers | 440/4 | €13,753 | €39,434 | +€25,682 | +187% |
| Taxes, remuneration and social security | 45 | €8,112 | €11,496 | +€3,384 | +41.7% |
| Taxes | 450/3 | €8,112 | €11,496 | +€3,384 | +41.7% |
| Other amounts payable | 47/48 | €1,006 | - | -€1,006 | |
| Accrued charges and deferred income | 492/3 | €3,850 | €3,850 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,775 | €24,673 | +€898 | +3.8% |
| Other operating charges | 640/8 | €1,046 | €334 | -€713 | -68.1% |
| Gross operating margin | 9900 | €74,304 | €84,432 | +€10,127 | +13.6% |
| Operating profit (loss) | 9901 | €49,483 | €59,425 | +€9,942 | +20.1% |
| Financial income | 75/76B | €0 | €249 | +€249 | +1,246,500% |
| Recurring financial income | 75 | €0 | €249 | +€249 | +1,246,500% |
| Financial charges | 65/66B | €2,738 | €4,037 | +€1,299 | +47.5% |
| Recurring financial charges | 65 | €2,738 | €4,037 | +€1,299 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €46,745 | €55,637 | +€8,892 | +19.0% |
| Income taxes | 67/77 | €13,244 | €18,530 | +€5,286 | +39.9% |
| Profit (loss) for the period | 9904 | €33,501 | €37,108 | +€3,606 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,501 | €37,108 | +€3,606 | +10.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.