FEDEPI: 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.
FEDEPI
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€28,223
down €28,223 (-9.3%), from €302,226 to €274,003
of which Financial debts: -€28,223
- Profit (loss) carried forward +€16,523
up €16,523 (+63.7%), from €25,918 to €42,441
- Other debts +€14,187
up €14,187 (+175.4%), from €8,087 to €22,274
- Tax, wage and social debts -€6,026
down €6,026 (-36.7%), from €16,431 to €10,405
- Trade debts +€4,000
new in 2025: €4,000
- Gross operating margin +€2,638
up €2,638 (+8.9%), from €29,485 to €32,123
- Financial charges -€1,030
down €1,030 (-9.0%), from €11,459 to €10,429
- Taxes +€695
up €695 (+20.2%), from €3,436 to €4,131
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 | €385,064 | €386,610 | +€1,547 | +0.4% |
| Fixed assets | 21/28 | €381,055 | €380,208 | -€847 | -0.2% |
| Intangible fixed assets | 21 | €7,175 | €6,328 | -€847 | -11.8% |
| Financial fixed assets | 28 | €373,880 | €373,880 | = | 0.0% |
| Current assets | 29/58 | €4,009 | €6,402 | +€2,394 | +59.7% |
| Amounts receivable within one year | 40/41 | €2,000 | €3,618 | +€1,618 | +80.9% |
| Trade receivables | 40 | €2,000 | €3,618 | +€1,618 | +80.9% |
| Cash at bank and in hand | 54/58 | €2,009 | €2,784 | +€776 | +38.6% |
| Total equity and liabilities | 10/49 | €385,064 | €386,610 | +€1,547 | +0.4% |
| Equity | 10/15 | €30,918 | €47,441 | +€16,523 | +53.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,918 | €42,441 | +€16,523 | +63.7% |
| Amounts payable | 17/49 | €354,145 | €339,169 | -€14,976 | -4.2% |
| Amounts payable after more than one year | 17 | €302,226 | €274,003 | -€28,223 | -9.3% |
| Financial debts | 170/4 | €242,226 | €214,003 | -€28,223 | -11.7% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,626 | €64,903 | +€13,277 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €27,108 | €28,223 | +€1,116 | +4.1% |
| Trade debts | 44 | - | €4,000 | +€4,000 | |
| Bills of exchange payable | 441 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €16,431 | €10,405 | -€6,026 | -36.7% |
| Taxes | 450/3 | €16,431 | €10,405 | -€6,026 | -36.7% |
| Other amounts payable | 47/48 | €8,087 | €22,274 | +€14,187 | +175.4% |
| Accrued charges and deferred income | 492/3 | €293 | €263 | -€29 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €847 | = | 0.0% |
| Other operating charges | 640/8 | - | €193 | +€193 | |
| Gross operating margin | 9900 | €29,485 | €32,123 | +€2,638 | +8.9% |
| Operating profit (loss) | 9901 | €28,638 | €31,083 | +€2,445 | +8.5% |
| Financial charges | 65/66B | €11,459 | €10,429 | -€1,030 | -9.0% |
| Recurring financial charges | 65 | €11,459 | €10,429 | -€1,030 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €17,179 | €20,653 | +€3,475 | +20.2% |
| Income taxes | 67/77 | €3,436 | €4,131 | +€695 | +20.2% |
| Profit (loss) for the period | 9904 | €13,743 | €16,523 | +€2,780 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,743 | €16,523 | +€2,780 | +20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.