FEDOKA: 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.
FEDOKA
Largest movements
- Receivables within one year -€8,392
down €8,392 (-55.4%), from €15,158 to €6,765
of which Trade receivables: -€8,400
- Cash +€6,909
up €6,909 (+68.9%), from €10,020 to €16,929
mainly Receivables within one year (+€8,392) and Net result for the year (+€3,757)
- Other debts -€6,105
down €6,105 (-1.6%), from €391,842 to €385,737
- Profit (loss) carried forward +€3,757
up €3,757 (+2.7%), from -€141,264 to -€137,507
- Gross operating margin +€5,533
up €5,533 (+165.8%), from €3,337 to €8,870
- Other operating charges -€178
down €178 (-3.6%), from €5,011 to €4,832
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 | €344,568 | €342,776 | -€1,792 | -0.5% |
| Fixed assets | 21/28 | €1,708 | €1,464 | -€244 | -14.3% |
| Tangible fixed assets | 22/27 | €1,708 | €1,464 | -€244 | -14.3% |
| Land and buildings | 22 | €1,708 | €1,464 | -€244 | -14.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €342,860 | €341,312 | -€1,548 | -0.5% |
| Stocks and contracts in progress | 3 | €317,551 | €317,551 | = | 0.0% |
| Stocks | 30/36 | €317,551 | €317,551 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,158 | €6,765 | -€8,392 | -55.4% |
| Trade receivables | 40 | €15,158 | €6,758 | -€8,400 | -55.4% |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €10,020 | €16,929 | +€6,909 | +68.9% |
| Deferred charges and accrued income | 490/1 | €132 | €67 | -€64 | -48.8% |
| Total equity and liabilities | 10/49 | €344,568 | €342,776 | -€1,792 | -0.5% |
| Equity | 10/15 | -€47,796 | -€44,039 | +€3,757 | +7.9% |
| Contributions | 10/11 | €69,500 | €69,500 | = | 0.0% |
| Reserves | 13 | €23,968 | €23,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €15,908 | €15,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,264 | -€137,507 | +€3,757 | +2.7% |
| Amounts payable | 17/49 | €392,364 | €386,815 | -€5,549 | -1.4% |
| Amounts payable within one year | 42/48 | €392,364 | €386,815 | -€5,549 | -1.4% |
| Trade debts | 44 | €522 | €1,078 | +€556 | +106.6% |
| Suppliers | 440/4 | €522 | €1,078 | +€556 | +106.6% |
| Other amounts payable | 47/48 | €391,842 | €385,737 | -€6,105 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244 | €244 | = | 0.0% |
| Other operating charges | 640/8 | €5,011 | €4,832 | -€178 | -3.6% |
| Gross operating margin | 9900 | €3,337 | €8,870 | +€5,533 | +165.8% |
| Operating profit (loss) | 9901 | -€1,918 | €3,794 | +€5,712 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €37 | -€6 | -14.5% |
| Recurring financial charges | 65 | €44 | €37 | -€6 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,961 | €3,757 | +€5,718 | |
| Profit (loss) for the period | 9904 | -€1,961 | €3,757 | +€5,718 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,961 | €3,757 | +€5,718 |
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 3 October 2026 via checked.be.