FEDRIGO COLORS: 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.
FEDRIGO COLORS
Largest movements
- Receivables within one year -€111,252
down €111,252 (-85.4%), from €130,252 to €19,000
of which Trade receivables: -€111,540
- Receivables after one year +€79,668
up €79,668 (+139%), from €57,457 to €137,125
- Cash +€45,213
up €45,213 (+1,891%), from €2,391 to €47,604
mainly Receivables within one year (+€111,252) and Net result for the year (+€11,703)
- Tangible fixed assets -€8,180
down €8,180 (-31.4%), from €26,064 to €17,884
- Stocks and contracts -€5,214
down €5,214 (-100%), from €5,214 to €0
- Reserves +€9,985
up €9,985 (+7.0%), from €141,946 to €151,931
of which Distributable reserves: +€9,985
- Debts after one year -€9,924
down €9,924 (-100%), from €9,924 to €0
- Tax, wage and social debts -€4,289
down €4,289 (-100%), from €4,289 to €0
of which Remuneration and social security: -€2,900
- Accrued charges and deferred income +€2,298
new in 2025: €2,298
- Financial charges +€4,261
up €4,261 (+290%), from €1,468 to €5,729
- Gross operating margin +€2,607
up €2,607 (+7.8%), from €33,594 to €36,202
- Financial income -€1,127
down €1,127 (-100%), from €1,127 to €0
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 | €224,249 | €224,601 | +€353 | +0.2% |
| Fixed assets | 21/28 | €26,064 | €17,884 | -€8,180 | -31.4% |
| Tangible fixed assets | 22/27 | €26,064 | €17,884 | -€8,180 | -31.4% |
| Leasing and similar rights | 25 | €26,064 | €17,884 | -€8,180 | -31.4% |
| Current assets | 29/58 | €198,185 | €206,717 | +€8,533 | +4.3% |
| Amounts receivable after more than one year | 29 | €57,457 | €137,125 | +€79,668 | +139% |
| Other amounts receivable | 291 | €57,457 | €137,125 | +€79,668 | +139% |
| Stocks and contracts in progress | 3 | €5,214 | €0 | -€5,214 | -100% |
| Stocks | 30/36 | €5,214 | €0 | -€5,214 | -100% |
| Amounts receivable within one year | 40/41 | €130,252 | €19,000 | -€111,252 | -85.4% |
| Trade receivables | 40 | €129,773 | €18,233 | -€111,540 | -86.0% |
| Other amounts receivable | 41 | €480 | €768 | +€288 | +60.0% |
| Cash at bank and in hand | 54/58 | €2,391 | €47,604 | +€45,213 | +1,891% |
| Deferred charges and accrued income | 490/1 | €2,872 | €2,989 | +€117 | +4.1% |
| Total equity and liabilities | 10/49 | €224,249 | €224,601 | +€353 | +0.2% |
| Equity | 10/15 | €160,546 | €170,531 | +€9,985 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,946 | €151,931 | +€9,985 | +7.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €141,946 | €151,931 | +€9,985 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,703 | €54,071 | -€9,632 | -15.1% |
| Amounts payable after more than one year | 17 | €9,924 | €0 | -€9,924 | -100% |
| Financial debts | 170/4 | €9,924 | €0 | -€9,924 | -100% |
| Amounts payable within one year | 42/48 | €53,779 | €51,772 | -€2,006 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €8,198 | €9,924 | +€1,726 | +21.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,552 | €2,108 | +€556 | +35.9% |
| Suppliers | 440/4 | €1,552 | €2,108 | +€556 | +35.9% |
| Taxes, remuneration and social security | 45 | €4,289 | €0 | -€4,289 | -100% |
| Taxes | 450/3 | €1,389 | €0 | -€1,389 | -100% |
| Remuneration and social security | 454/9 | €2,900 | €0 | -€2,900 | -100% |
| Other amounts payable | 47/48 | €39,739 | €39,739 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,298 | +€2,298 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,180 | €8,180 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,214 | €5,214 | = | 0.0% |
| Other operating charges | 640/8 | €1,051 | €1,123 | +€72 | +6.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,594 | €36,202 | +€2,607 | +7.8% |
| Operating profit (loss) | 9901 | €19,150 | €21,685 | +€2,535 | +13.2% |
| Financial income | 75/76B | €1,127 | €0 | -€1,127 | -100% |
| Recurring financial income | 75 | €1,127 | €0 | -€1,127 | -100% |
| Financial charges | 65/66B | €1,468 | €5,729 | +€4,261 | +290% |
| Recurring financial charges | 65 | €1,468 | €5,729 | +€4,261 | +290% |
| Profit (loss) for the period before taxes | 9903 | €18,809 | €15,956 | -€2,853 | -15.2% |
| Income taxes | 67/77 | €4,350 | €4,254 | -€96 | -2.2% |
| Profit (loss) for the period | 9904 | €14,459 | €11,703 | -€2,756 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,459 | €11,703 | -€2,756 | -19.1% |
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 23 October 2026 via checked.be.