FEDRIGO: what changed
What changed
FEDRIGO
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€95,137
2024 · €131,524-€36,387
Equity
€648,117
2024 · €702,980-€54,863
Cash
€17,463
2024 · €119,997-€102,534
Balance sheet total
€3.2m
2024 · €3.0m+€169,023
Largest movements
Assets
- Stocks and contracts +€336,146
up €336,146 (+68.5%), from €490,506 to €826,652
of which Stocks: +€191,146
- Cash -€102,534
down €102,534 (-85.4%), from €119,997 to €17,463
mainly Stocks and contracts (-€336,146) and Investment in fixed assets (net) (-€194,893)
- Receivables within one year -€71,437
down €71,437 (-7.6%), from €945,791 to €874,354
of which Trade receivables: -€113,925
Equity and liabilities
- Trade debts +€161,413
up €161,413 (+47.7%), from €338,147 to €499,560
- Other debts +€143,016
up €143,016 (+101%), from €141,559 to €284,575
- Reserves -€54,863
down €54,863 (-8.6%), from €641,007 to €586,144
of which Distributable reserves: -€54,863
- Tax, wage and social debts -€37,082
down €37,082 (-34.8%), from €106,535 to €69,453
of which Remuneration and social security: -€19,435
Income statement
- Staff costs -€86,306
down €86,306 (-13.8%), from €624,319 to €538,013
- Gross operating margin -€83,626
down €83,626 (-8.2%), from €1.0m to €933,275
- Taxes +€23,347
up €23,347 (+347%), from €6,733 to €30,080
- Depreciation +€19,718
up €19,718 (+12.3%), from €159,754 to €179,473
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€131,524
Gross operating margin
-€83,626
Staff costs
+€86,306
Depreciation
-€19,718
Other operating charges
+€1,764
Financial income
-€5,764
Financial charges
+€7,997
Taxes
-€23,347
Result 2025
€95,137
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€284,954
Investment
-€194,893
Financing
-€192,594
Cash 2024
€119,997
From operations (derived)
+€284,954
Net result for the year
+€95,137
Depreciation
+€179,473
Stocks and contracts
-€336,146
Receivables within one year
+€71,437
Deferred charges and accrued income
+€8,573
Trade debts
+€161,413
Tax, wage and social debts
-€37,082
Other debts
+€143,016
Accrued charges and deferred income
-€868
Investment (derived)
-€194,893
Investment in fixed assets (net)
-€194,893
Financing
-€192,594
Debts after one year
-€22,613
Current portion of long-term debt
-€20,031
Short-term financial debts
+€50
Contributions, distributions and other
-€150,000
Cash 2025
€17,463
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,046,967 | €3,215,990 | +€169,023 | +5.5% |
| Fixed assets | 21/28 | €1,473,417 | €1,488,838 | +€15,421 | +1.0% |
| Tangible fixed assets | 22/27 | €1,473,417 | €1,488,838 | +€15,421 | +1.0% |
| Land and buildings | 22 | €1,362,651 | €1,276,665 | -€85,985 | -6.3% |
| Plant, machinery and equipment | 23 | €49,740 | €44,616 | -€5,124 | -10.3% |
| Furniture and vehicles | 24 | €11,595 | €3,748 | -€7,847 | -67.7% |
| Leasing and similar rights | 25 | €49,431 | €163,808 | +€114,377 | +231% |
| Current assets | 29/58 | €1,573,550 | €1,727,152 | +€153,602 | +9.8% |
| Stocks and contracts in progress | 3 | €490,506 | €826,652 | +€336,146 | +68.5% |
| Stocks | 30/36 | €490,506 | €681,652 | +€191,146 | +39.0% |
| Contracts in progress | 37 | - | €145,000 | +€145,000 | |
| Amounts receivable within one year | 40/41 | €945,791 | €874,354 | -€71,437 | -7.6% |
| Trade receivables | 40 | €523,292 | €409,368 | -€113,925 | -21.8% |
| Other amounts receivable | 41 | €422,499 | €464,986 | +€42,488 | +10.1% |
| Cash at bank and in hand | 54/58 | €119,997 | €17,463 | -€102,534 | -85.4% |
| Deferred charges and accrued income | 490/1 | €17,256 | €8,683 | -€8,573 | -49.7% |
| Total equity and liabilities | 10/49 | €3,046,967 | €3,215,990 | +€169,023 | +5.5% |
| Equity | 10/15 | €702,980 | €648,117 | -€54,863 | -7.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €641,007 | €586,144 | -€54,863 | -8.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €597,310 | €542,447 | -€54,863 | -9.2% |
| Amounts payable | 17/49 | €2,343,987 | €2,567,873 | +€223,886 | +9.6% |
| Amounts payable after more than one year | 17 | €1,211,449 | €1,188,836 | -€22,613 | -1.9% |
| Financial debts | 170/4 | €1,211,449 | €1,188,836 | -€22,613 | -1.9% |
| Amounts payable within one year | 42/48 | €1,131,524 | €1,378,892 | +€247,367 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €195,334 | €175,303 | -€20,031 | -10.3% |
| Financial debts | 43 | €349,950 | €350,000 | +€50 | 0.0% |
| Credit institutions | 430/8 | €349,950 | €350,000 | +€50 | 0.0% |
| Trade debts | 44 | €338,147 | €499,560 | +€161,413 | +47.7% |
| Suppliers | 440/4 | €338,147 | €499,560 | +€161,413 | +47.7% |
| Taxes, remuneration and social security | 45 | €106,535 | €69,453 | -€37,082 | -34.8% |
| Taxes | 450/3 | €55,036 | €37,389 | -€17,647 | -32.1% |
| Remuneration and social security | 454/9 | €51,500 | €32,065 | -€19,435 | -37.7% |
| Other amounts payable | 47/48 | €141,559 | €284,575 | +€143,016 | +101% |
| Accrued charges and deferred income | 492/3 | €1,013 | €145 | -€868 | -85.7% |
| Non-recurring operating income | 76A | €4,189 | - | -€4,189 | |
| Remuneration, social security and pensions | 62 | €624,319 | €538,013 | -€86,306 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,754 | €179,473 | +€19,718 | +12.3% |
| Other operating charges | 640/8 | €25,050 | €23,286 | -€1,764 | -7.0% |
| Gross operating margin | 9900 | €1,016,900 | €933,275 | -€83,626 | -8.2% |
| Operating profit (loss) | 9901 | €207,777 | €192,503 | -€15,274 | -7.4% |
| Financial income | 75/76B | €6,062 | €298 | -€5,764 | -95.1% |
| Recurring financial income | 75 | €6,062 | €298 | -€5,764 | -95.1% |
| Financial charges | 65/66B | €75,581 | €67,585 | -€7,997 | -10.6% |
| Recurring financial charges | 65 | €75,581 | €67,585 | -€7,997 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €138,257 | €125,217 | -€13,041 | -9.4% |
| Income taxes | 67/77 | €6,733 | €30,080 | +€23,347 | +347% |
| Profit (loss) for the period | 9904 | €131,524 | €95,137 | -€36,387 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €131,524 | €95,137 | -€36,387 | -27.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.