FEDEC: 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.
FEDEC
Largest movements
- Receivables within one year -€14,130
down €14,130 (-26.2%), from €54,032 to €39,902
of which Other amounts receivable: -€14,130
- Tax, wage and social debts -€7,187
down €7,187 (-61.5%), from €11,678 to €4,491
- Profit (loss) carried forward -€4,305
down €4,305 (-12.5%), from €34,310 to €30,005
- Trade debts -€2,639
down €2,639 (-27.4%), from €9,634 to €6,996
of which Bills of exchange payable: -€7,478
- Turnover -€26,496
no longer reported in 2025 (was €26,496)
- Gross operating margin -€22,213
down €22,213, from €17,972 to -€4,241
- Purchases and services -€8,523
no longer reported in 2025 (was €8,523)
- Other operating charges -€1,588
no longer reported in 2025 (was €1,588)
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 | €59,622 | €45,492 | -€14,130 | -23.7% |
| Current assets | 29/58 | €59,622 | €45,492 | -€14,130 | -23.7% |
| Amounts receivable within one year | 40/41 | €54,032 | €39,902 | -€14,130 | -26.2% |
| Trade receivables | 40 | €7,199 | €7,199 | = | 0.0% |
| Other amounts receivable | 41 | €46,834 | €32,704 | -€14,130 | -30.2% |
| Cash at bank and in hand | 54/58 | €5,590 | €5,590 | = | 0.0% |
| Total equity and liabilities | 10/49 | €59,622 | €45,492 | -€14,130 | -23.7% |
| Equity | 10/15 | €38,310 | €34,005 | -€4,305 | -11.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,310 | €30,005 | -€4,305 | -12.5% |
| Amounts payable | 17/49 | €21,312 | €11,487 | -€9,825 | -46.1% |
| Amounts payable within one year | 42/48 | €21,312 | €11,487 | -€9,825 | -46.1% |
| Trade debts | 44 | €9,634 | €6,996 | -€2,639 | -27.4% |
| Suppliers | 440/4 | €2,157 | €6,996 | +€4,839 | +224% |
| Bills of exchange payable | 441 | €7,478 | - | -€7,478 | |
| Taxes, remuneration and social security | 45 | €11,678 | €4,491 | -€7,187 | -61.5% |
| Taxes | 450/3 | €11,678 | €4,491 | -€7,187 | -61.5% |
| Turnover | 70 | €26,496 | - | -€26,496 | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,523 | - | -€8,523 | |
| Other operating charges | 640/8 | €1,588 | - | -€1,588 | |
| Gross operating margin | 9900 | €17,972 | -€4,241 | -€22,213 | |
| Operating profit (loss) | 9901 | €16,384 | -€4,241 | -€20,625 | |
| Financial charges | 65/66B | €39 | - | -€39 | |
| Recurring financial charges | 65 | €39 | - | -€39 | |
| Profit (loss) for the period before taxes | 9903 | €16,345 | -€4,241 | -€20,586 | |
| Profit (loss) for the period | 9904 | €16,345 | -€4,241 | -€20,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,345 | -€4,241 | -€20,586 |
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 13 October 2026 via checked.be.