FeDri: 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.
FeDri
Largest movements
- Cash -€44,696
down €44,696 (-30.7%), from €145,502 to €100,807
mainly Debts after one year (-€40,953) and Receivables within one year (-€35,339)
- Receivables within one year +€35,339
up €35,339 (+48.9%), from €72,308 to €107,647
of which Trade receivables: +€37,264
- Tangible fixed assets -€18,066
down €18,066 (-6.0%), from €301,334 to €283,268
of which Furniture and vehicles: -€12,440
- Stocks and contracts -€8,330
down €8,330 (-12.0%), from €69,550 to €61,220
- Debts after one year -€40,953
down €40,953 (-22.8%), from €179,777 to €138,824
of which Financial debts: -€39,206
- Tax, wage and social debts +€10,962
up €10,962 (+87.5%), from €12,530 to €23,492
of which Taxes: +€7,466
- Trade debts -€10,708
down €10,708 (-19.7%), from €54,351 to €43,642
- Gross operating margin +€11,352
up €11,352 (+6.6%), from €171,327 to €182,679
- Depreciation +€10,280
up €10,280 (+46.1%), from €22,283 to €32,564
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.
Derived cash bridge
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 | €597,771 | €561,087 | -€36,684 | -6.1% |
| Fixed assets | 21/28 | €301,334 | €283,268 | -€18,066 | -6.0% |
| Tangible fixed assets | 22/27 | €301,334 | €283,268 | -€18,066 | -6.0% |
| Land and buildings | 22 | €245,460 | €237,962 | -€7,498 | -3.1% |
| Plant, machinery and equipment | 23 | - | €1,871 | +€1,871 | |
| Furniture and vehicles | 24 | €55,874 | €43,434 | -€12,440 | -22.3% |
| Current assets | 29/58 | €296,437 | €277,819 | -€18,618 | -6.3% |
| Stocks and contracts in progress | 3 | €69,550 | €61,220 | -€8,330 | -12.0% |
| Stocks | 30/36 | €69,550 | €61,220 | -€8,330 | -12.0% |
| Amounts receivable within one year | 40/41 | €72,308 | €107,647 | +€35,339 | +48.9% |
| Trade receivables | 40 | €70,349 | €107,612 | +€37,264 | +53.0% |
| Other amounts receivable | 41 | €1,959 | €34 | -€1,925 | -98.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €145,502 | €100,807 | -€44,696 | -30.7% |
| Deferred charges and accrued income | 490/1 | €9,077 | €8,146 | -€931 | -10.3% |
| Total equity and liabilities | 10/49 | €597,771 | €561,087 | -€36,684 | -6.1% |
| Equity | 10/15 | €313,378 | €315,923 | +€2,545 | +0.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €288,378 | €290,923 | +€2,545 | +0.9% |
| Tax-exempt reserves | 132 | €128 | €128 | = | 0.0% |
| Distributable reserves | 133 | €288,249 | €290,795 | +€2,545 | +0.9% |
| Amounts payable | 17/49 | €284,393 | €245,164 | -€39,229 | -13.8% |
| Amounts payable after more than one year | 17 | €179,777 | €138,824 | -€40,953 | -22.8% |
| Financial debts | 170/4 | €147,441 | €108,235 | -€39,206 | -26.6% |
| Other amounts payable | 178/9 | €32,336 | €30,589 | -€1,747 | -5.4% |
| Amounts payable within one year | 42/48 | €104,616 | €106,340 | +€1,724 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €37,735 | €39,206 | +€1,471 | +3.9% |
| Trade debts | 44 | €54,351 | €43,642 | -€10,708 | -19.7% |
| Suppliers | 440/4 | €54,351 | €43,642 | -€10,708 | -19.7% |
| Taxes, remuneration and social security | 45 | €12,530 | €23,492 | +€10,962 | +87.5% |
| Taxes | 450/3 | €12,530 | €19,996 | +€7,466 | +59.6% |
| Remuneration and social security | 454/9 | €0 | €3,496 | +€3,496 | |
| Remuneration, social security and pensions | 62 | €136,045 | €137,790 | +€1,745 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,283 | €32,564 | +€10,280 | +46.1% |
| Other operating charges | 640/8 | €2,433 | €1,938 | -€495 | -20.4% |
| Gross operating margin | 9900 | €171,327 | €182,679 | +€11,352 | +6.6% |
| Operating profit (loss) | 9901 | €10,565 | €10,387 | -€178 | -1.7% |
| Financial income | 75/76B | €4,013 | €2,261 | -€1,751 | -43.6% |
| Recurring financial income | 75 | €4,013 | €2,261 | -€1,751 | -43.6% |
| Financial charges | 65/66B | €9,786 | €9,077 | -€709 | -7.2% |
| Recurring financial charges | 65 | €9,786 | €9,077 | -€709 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €4,793 | €3,572 | -€1,221 | -25.5% |
| Income taxes | 67/77 | €1,958 | €1,026 | -€932 | -47.6% |
| Profit (loss) for the period | 9904 | €2,835 | €2,545 | -€289 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,835 | €2,545 | -€289 | -10.2% |
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 13 October 2026 via checked.be.