FEDRIGONI BENELUX: 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.
What changed
FEDRIGONI BENELUX
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€138,616
2023 · €479,734-€341,119
Equity
€985,061
2023 · €846,446+€138,616
Cash
€17,539
2023 · €28,948-€11,409
Balance sheet total
€5.5m
2023 · €6.0m-€463,478
Largest movements
Assets
- Receivables within one year -€375,031
down €375,031 (-7.6%), from €4.9m to €4.6m
of which Trade receivables: -€959,435
- Stocks and contracts -€86,786
down €86,786 (-8.5%), from €1.0m to €930,213
Equity and liabilities
- Trade debts -€607,315
down €607,315 (-20.4%), from €3.0m to €2.4m
- Tax, wage and social debts +€148,358
up €148,358 (+40.6%), from €365,695 to €514,053
of which Taxes: +€77,851
- Short-term financial debts -€143,136
down €143,136 (-8.0%), from €1.8m to €1.7m
- Profit (loss) carried forward +€138,616
up €138,616 (+40.4%), from €342,943 to €481,558
Income statement
- Goods and materials +€696,965
up €696,965 (+9.5%), from €7.4m to €8.1m
of which Change in stocks: decrease (increase): +€1.2m
- Provisions +€407,491
no longer reported in 2024 (was -€407,491)
- Write-downs -€333,063
down €333,063, from €225,858 to -€107,205
- Staff costs -€229,720
down €229,720 (-17.2%), from €1.3m to €1.1m
- Services and other goods -€164,403
down €164,403 (-12.4%), from €1.3m to €1.2m
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.
Result 2023
€479,734
Turnover
+€39,739
Other operating income
+€65,323
Goods and materials
-€696,965
Services and other goods
+€164,403
Staff costs
+€229,720
Depreciation
+€2,278
Write-downs
+€333,063
Provisions
-€407,491
Other operating charges
+€6,203
Other operating items
+€4,801
Financial income
-€63,196
Financial charges
-€111,464
Taxes
+€92,466
Result 2024
€138,616
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€143,890
Investment
-€12,163
Financing
-€143,136
Cash 2023
€28,948
From operations (derived)
+€143,890
Net result for the year
+€138,616
Depreciation
+€600
Stocks and contracts
+€86,786
Receivables within one year
+€375,031
Deferred charges and accrued income
+€1,815
Trade debts
-€607,315
Tax, wage and social debts
+€148,358
Investment (derived)
-€12,163
Investment in fixed assets (net)
-€12,163
Financing
-€143,136
Short-term financial debts
-€143,136
Cash 2024
€17,539
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,990,252 | €5,526,774 | -€463,478 | -7.7% |
| Fixed assets | 21/28 | €8,179 | €19,741 | +€11,562 | +141% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €1,602 | €1,001 | -€600 | -37.5% |
| Furniture and vehicles | 24 | €1,602 | €1,001 | -€600 | -37.5% |
| Financial fixed assets | 28 | €6,577 | €18,740 | +€12,163 | +185% |
| Other financial fixed assets | 284/8 | €6,577 | €18,740 | +€12,163 | +185% |
| Amounts receivable and cash guarantees | 285/8 | €6,577 | €18,740 | +€12,163 | +185% |
| Current assets | 29/58 | €5,982,074 | €5,507,033 | -€475,041 | -7.9% |
| Stocks and contracts in progress | 3 | €1,016,999 | €930,213 | -€86,786 | -8.5% |
| Stocks | 30/36 | €1,016,999 | €930,213 | -€86,786 | -8.5% |
| Goods purchased for resale | 34 | €1,016,999 | €930,213 | -€86,786 | -8.5% |
| Amounts receivable within one year | 40/41 | €4,934,312 | €4,559,281 | -€375,031 | -7.6% |
| Trade receivables | 40 | €2,634,700 | €1,675,266 | -€959,435 | -36.4% |
| Other amounts receivable | 41 | €2,299,612 | €2,884,015 | +€584,403 | +25.4% |
| Cash at bank and in hand | 54/58 | €28,948 | €17,539 | -€11,409 | -39.4% |
| Deferred charges and accrued income | 490/1 | €1,815 | - | -€1,815 | |
| Total equity and liabilities | 10/49 | €5,990,252 | €5,526,774 | -€463,478 | -7.7% |
| Equity | 10/15 | €846,446 | €985,061 | +€138,616 | +16.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €3,503 | €3,503 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,503 | €3,503 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,503 | €3,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | €342,943 | €481,558 | +€138,616 | +40.4% |
| Amounts payable | 17/49 | €5,143,806 | €4,541,712 | -€602,094 | -11.7% |
| Amounts payable within one year | 42/48 | €5,143,806 | €4,541,712 | -€602,094 | -11.7% |
| Financial debts | 43 | €1,799,891 | €1,656,755 | -€143,136 | -8.0% |
| Credit institutions | 430/8 | €1,799,891 | €1,656,755 | -€143,136 | -8.0% |
| Trade debts | 44 | €2,978,220 | €2,370,904 | -€607,315 | -20.4% |
| Suppliers | 440/4 | €2,978,220 | €2,370,904 | -€607,315 | -20.4% |
| Taxes, remuneration and social security | 45 | €365,695 | €514,053 | +€148,358 | +40.6% |
| Taxes | 450/3 | €265,478 | €343,329 | +€77,851 | +29.3% |
| Remuneration and social security | 454/9 | €100,217 | €170,724 | +€70,507 | +70.4% |
| Operating income | 70/76A | €10,417,750 | €10,519,949 | +€102,199 | +1.0% |
| Turnover | 70 | €9,708,558 | €9,748,297 | +€39,739 | +0.4% |
| Other operating income | 74 | €706,328 | €771,652 | +€65,323 | +9.2% |
| Non-recurring operating income | 76A | €2,864 | - | -€2,864 | |
| Operating charges | 60/66A | €9,887,222 | €10,248,346 | +€361,124 | +3.7% |
| Goods for resale, raw materials and consumables | 60 | €7,367,299 | €8,064,263 | +€696,965 | +9.5% |
| Purchases | 600/8 | €8,367,654 | €7,843,787 | -€523,867 | -6.3% |
| Change in stocks: decrease (increase) | 609 | -€1,000,355 | €220,476 | +€1.2m | |
| Services and other goods | 61 | €1,327,529 | €1,163,125 | -€164,403 | -12.4% |
| Remuneration, social security and pensions | 62 | €1,339,155 | €1,109,435 | -€229,720 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,878 | €600 | -€2,278 | -79.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €225,858 | -€107,205 | -€333,063 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€407,491 | - | +€407,491 | |
| Other operating charges | 640/8 | €24,295 | €18,092 | -€6,203 | -25.5% |
| Non-recurring operating charges | 66A | €7,700 | €35 | -€7,665 | -99.5% |
| Operating profit (loss) | 9901 | €530,527 | €271,603 | -€258,925 | -48.8% |
| Financial income | 75/76B | €208,720 | €145,523 | -€63,196 | -30.3% |
| Recurring financial income | 75 | €208,720 | €145,523 | -€63,196 | -30.3% |
| Income from financial fixed assets | 750 | €208,590 | €145,085 | -€63,506 | -30.4% |
| Other financial income | 752/9 | €129 | €439 | +€309 | +239% |
| Financial charges | 65/66B | €84,267 | €195,731 | +€111,464 | +132% |
| Recurring financial charges | 65 | €84,267 | €195,731 | +€111,464 | +132% |
| Debt charges | 650 | €61,134 | €183,732 | +€122,598 | +201% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €2,205 | €5,324 | +€3,120 | +142% |
| Other financial charges | 652/9 | €20,928 | €6,674 | -€14,254 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €654,980 | €221,395 | -€433,585 | -66.2% |
| Income taxes | 67/77 | €175,246 | €82,779 | -€92,466 | -52.8% |
| Taxes | 670/3 | €175,246 | €82,779 | -€92,466 | -52.8% |
| Profit (loss) for the period | 9904 | €479,734 | €138,616 | -€341,119 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €479,734 | €138,616 | -€341,119 | -71.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.