FEDECOR: 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.
FEDECOR
Largest movements
- Receivables within one year -€44,511
down €44,511 (-57.6%), from €77,293 to €32,782
of which Trade receivables: -€34,511
- Cash -€37,211
down €37,211 (-73.1%), from €50,931 to €13,720
mainly Trade debts (-€63,033) and Net result for the year (-€19,040)
- Tangible fixed assets -€3,000
down €3,000 (-57.8%), from €5,190 to €2,190
- Trade debts -€63,033
down €63,033 (-81.9%), from €76,997 to €13,964
- Profit (loss) carried forward -€19,040
down €19,040, from €1,755 to -€17,285
- Tax, wage and social debts -€7,717
down €7,717 (-21.4%), from €36,070 to €28,353
- Other debts +€5,069
new in 2025: €5,069
- Turnover -€116,127
down €116,127 (-31.8%), from €364,854 to €248,727
- Gross operating margin -€108,540
down €108,540 (-80.2%), from €135,399 to €26,859
- Staff costs -€64,684
down €64,684 (-62.8%), from €102,993 to €38,309
- Purchases and services -€7,337
down €7,337 (-3.2%), from €229,455 to €222,119
- Financial charges -€5,940
down €5,940 (-98.3%), from €6,042 to €102
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 | €133,414 | €48,693 | -€84,722 | -63.5% |
| Fixed assets | 21/28 | €5,190 | €2,190 | -€3,000 | -57.8% |
| Tangible fixed assets | 22/27 | €5,190 | €2,190 | -€3,000 | -57.8% |
| Furniture and vehicles | 24 | €5,190 | €2,190 | -€3,000 | -57.8% |
| Current assets | 29/58 | €128,224 | €46,503 | -€81,722 | -63.7% |
| Amounts receivable within one year | 40/41 | €77,293 | €32,782 | -€44,511 | -57.6% |
| Trade receivables | 40 | €47,293 | €12,782 | -€34,511 | -73.0% |
| Other amounts receivable | 41 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €50,931 | €13,720 | -€37,211 | -73.1% |
| Total equity and liabilities | 10/49 | €133,414 | €48,693 | -€84,722 | -63.5% |
| Equity | 10/15 | €20,347 | €1,307 | -€19,040 | -93.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,755 | -€17,285 | -€19,040 | |
| Amounts payable | 17/49 | €113,067 | €47,386 | -€65,681 | -58.1% |
| Amounts payable within one year | 42/48 | €113,067 | €47,386 | -€65,681 | -58.1% |
| Trade debts | 44 | €76,997 | €13,964 | -€63,033 | -81.9% |
| Suppliers | 440/4 | €76,997 | €13,964 | -€63,033 | -81.9% |
| Taxes, remuneration and social security | 45 | €36,070 | €28,353 | -€7,717 | -21.4% |
| Taxes | 450/3 | €36,070 | €28,353 | -€7,717 | -21.4% |
| Other amounts payable | 47/48 | - | €5,069 | +€5,069 | |
| Turnover | 70 | €364,854 | €248,727 | -€116,127 | -31.8% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Goods, raw materials, services and sundry goods | 60/61 | €229,455 | €222,119 | -€7,337 | -3.2% |
| Remuneration, social security and pensions | 62 | €102,993 | €38,309 | -€64,684 | -62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €3,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,816 | €4,488 | +€2,672 | +147.1% |
| Gross operating margin | 9900 | €135,399 | €26,859 | -€108,540 | -80.2% |
| Operating profit (loss) | 9901 | €27,590 | -€18,938 | -€46,528 | |
| Financial charges | 65/66B | €6,042 | €102 | -€5,940 | -98.3% |
| Recurring financial charges | 65 | €6,042 | €102 | -€5,940 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €21,547 | -€19,040 | -€40,588 | |
| Income taxes | 67/77 | €5,667 | - | -€5,667 | |
| Profit (loss) for the period | 9904 | €15,881 | -€19,040 | -€34,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,881 | -€19,040 | -€34,921 |
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 10 October 2026 via checked.be.