FEDESSA: 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.
FEDESSA
Largest movements
- Tangible fixed assets -€27,448
down €27,448 (-6.7%), from €412,712 to €385,265
- Receivables within one year +€23,961
up €23,961 (+29.4%), from €81,632 to €105,593
- Cash -€11,333
down €11,333 (-92.8%), from €12,213 to €880
mainly Debts after one year (-€40,000) and Receivables within one year (-€23,961)
- Debts after one year -€40,000
down €40,000 (-14.0%), from €285,010 to €245,010
- Other debts +€19,000
up €19,000 (+7.7%), from €246,236 to €265,236
- Profit (loss) carried forward +€16,751
up €16,751 (+6.9%), from -€244,513 to -€227,762
- Current portion of long-term debt +€12,643
up €12,643 (+101.4%), from €12,470 to €25,113
- Accrued charges and deferred income -€9,700
no longer reported in 2024 (was €9,700)
- Gross operating margin -€2,689
down €2,689 (-6.5%), from €41,114 to €38,425
- Financial charges -€616
down €616 (-9.9%), from €6,243 to €5,627
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 | €506,557 | €493,438 | -€13,119 | -2.6% |
| Fixed assets | 21/28 | €412,712 | €385,265 | -€27,448 | -6.7% |
| Tangible fixed assets | 22/27 | €412,712 | €385,265 | -€27,448 | -6.7% |
| Land and buildings | 22 | €412,712 | €385,265 | -€27,448 | -6.7% |
| Current assets | 29/58 | €93,845 | €108,173 | +€14,328 | +15.3% |
| Amounts receivable within one year | 40/41 | €81,632 | €105,593 | +€23,961 | +29.4% |
| Other amounts receivable | 41 | €81,632 | €105,593 | +€23,961 | +29.4% |
| Cash at bank and in hand | 54/58 | €12,213 | €880 | -€11,333 | -92.8% |
| Deferred charges and accrued income | 490/1 | - | €1,700 | +€1,700 | |
| Total equity and liabilities | 10/49 | €506,557 | €493,438 | -€13,119 | -2.6% |
| Equity | 10/15 | -€107,243 | -€98,290 | +€8,953 | +8.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €117,270 | €109,472 | -€7,798 | -6.6% |
| Tax-exempt reserves | 132 | €117,270 | €109,472 | -€7,798 | -6.6% |
| Profit (loss) carried forward | 14 | -€244,513 | -€227,762 | +€16,751 | +6.9% |
| Provisions and deferred taxes | 16 | €60,385 | €56,369 | -€4,015 | -6.6% |
| Deferred taxes | 168 | €60,385 | €56,369 | -€4,015 | -6.6% |
| Amounts payable | 17/49 | €553,416 | €535,359 | -€18,057 | -3.3% |
| Amounts payable after more than one year | 17 | €285,010 | €245,010 | -€40,000 | -14.0% |
| Financial debts | 170/4 | €285,010 | €245,010 | -€40,000 | -14.0% |
| Amounts payable within one year | 42/48 | €258,706 | €290,348 | +€31,643 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €12,470 | €25,113 | +€12,643 | +101.4% |
| Other amounts payable | 47/48 | €246,236 | €265,236 | +€19,000 | +7.7% |
| Accrued charges and deferred income | 492/3 | €9,700 | - | -€9,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,448 | €27,448 | = | 0.0% |
| Other operating charges | 640/8 | €414 | €414 | = | 0.0% |
| Gross operating margin | 9900 | €41,114 | €38,425 | -€2,689 | -6.5% |
| Operating profit (loss) | 9901 | €13,252 | €10,563 | -€2,689 | -20.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €6,243 | €5,627 | -€616 | -9.9% |
| Recurring financial charges | 65 | €6,243 | €5,627 | -€616 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €7,009 | €4,938 | -€2,071 | -29.5% |
| Transfer from deferred taxes | 780 | €4,015 | €4,015 | = | 0.0% |
| Profit (loss) for the period | 9904 | €11,024 | €8,953 | -€2,071 | -18.8% |
| Transfer from tax-exempt reserves | 789 | €7,798 | €7,798 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,822 | €16,751 | -€2,071 | -11.0% |
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 8 October 2026 via checked.be.