FEDEMO Construct: what changed
Two fiscal 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.
FEDEMO Construct
Largest movements
- Receivables within one year +€146,813
up €146,813 (+113.9%), from €128,867 to €275,680
of which Other amounts receivable: +€85,187
- Tangible fixed assets +€15,447
up €15,447 (+224.2%), from €6,889 to €22,336
of which Furniture and vehicles: +€13,520
- Trade debts +€132,031
up €132,031 (+790.1%), from €16,711 to €148,743
- Profit (loss) carried forward +€24,170
up €24,170 (+61.1%), from €39,527 to €63,698
- Other debts -€20,242
down €20,242 (-83.5%), from €24,242 to €4,000
- Debts after one year +€14,144
up €14,144 (+94.0%), from €15,046 to €29,190
- Tax, wage and social debts +€8,856
up €8,856 (+35.3%), from €25,078 to €33,934
- Turnover +€123,157
up €123,157 (+31.7%), from €388,962 to €512,119
- Gross operating margin +€88,740
up €88,740 (+220.3%), from €40,289 to €129,030
- Staff costs +€65,710
up €65,710 (+1239.5%), from €5,301 to €71,011
- Purchases and services +€7,598
up €7,598 (+2.0%), from €375,786 to €383,384
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,232 | €298,016 | +€159,784 | +115.6% |
| Fixed assets | 21/28 | €8,539 | €22,336 | +€13,797 | +161.6% |
| Tangible fixed assets | 22/27 | €6,889 | €22,336 | +€15,447 | +224.2% |
| Plant, machinery and equipment | 23 | €2,122 | €4,050 | +€1,927 | +90.8% |
| Furniture and vehicles | 24 | €4,767 | €18,287 | +€13,520 | +283.6% |
| Financial fixed assets | 28 | €1,650 | - | -€1,650 | |
| Current assets | 29/58 | €129,693 | €275,680 | +€145,987 | +112.6% |
| Amounts receivable within one year | 40/41 | €128,867 | €275,680 | +€146,813 | +113.9% |
| Trade receivables | 40 | €123,928 | €185,555 | +€61,626 | +49.7% |
| Other amounts receivable | 41 | €4,938 | €90,125 | +€85,187 | +1725.1% |
| Cash at bank and in hand | 54/58 | €507 | - | -€507 | |
| Deferred charges and accrued income | 490/1 | €319 | - | -€319 | |
| Total equity and liabilities | 10/49 | €138,232 | €298,016 | +€159,784 | +115.6% |
| Equity | 10/15 | €41,527 | €65,698 | +€24,170 | +58.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,527 | €63,698 | +€24,170 | +61.1% |
| Amounts payable | 17/49 | €96,705 | €232,318 | +€135,614 | +140.2% |
| Amounts payable after more than one year | 17 | €15,046 | €29,190 | +€14,144 | +94.0% |
| Financial debts | 170/4 | €15,046 | €29,190 | +€14,144 | +94.0% |
| Amounts payable within one year | 42/48 | €81,659 | €203,128 | +€121,469 | +148.8% |
| Current portion of amounts payable after more than one year | 42 | €15,627 | €16,429 | +€802 | +5.1% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €16,711 | €148,743 | +€132,031 | +790.1% |
| Suppliers | 440/4 | €16,711 | €148,743 | +€132,031 | +790.1% |
| Taxes, remuneration and social security | 45 | €25,078 | €33,934 | +€8,856 | +35.3% |
| Taxes | 450/3 | €25,078 | €33,934 | +€8,856 | +35.3% |
| Other amounts payable | 47/48 | €24,242 | €4,000 | -€20,242 | -83.5% |
| Turnover | 70 | €388,962 | €512,119 | +€123,157 | +31.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €375,786 | €383,384 | +€7,598 | +2.0% |
| Remuneration, social security and pensions | 62 | €5,301 | €71,011 | +€65,710 | +1239.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,813 | €4,677 | +€864 | +22.7% |
| Other operating charges | 640/8 | €6,090 | €10,955 | +€4,864 | +79.9% |
| Gross operating margin | 9900 | €40,289 | €129,030 | +€88,740 | +220.3% |
| Operating profit (loss) | 9901 | €25,084 | €42,387 | +€17,302 | +69.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,261 | €6,349 | +€3,087 | +94.7% |
| Recurring financial charges | 65 | €3,261 | €6,349 | +€3,087 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €21,823 | €36,039 | +€14,216 | +65.1% |
| Income taxes | 67/77 | €9,142 | €11,869 | +€2,727 | +29.8% |
| Profit (loss) for the period | 9904 | €12,681 | €24,170 | +€11,489 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,681 | €24,170 | +€11,489 | +90.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.