FEFRE: 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.
FEFRE
Largest movements
- Receivables within one year -€19,987
down €19,987 (-66.0%), from €30,272 to €10,284
of which Trade receivables: -€18,513
- Tangible fixed assets +€8,418
up €8,418 (+577.5%), from €1,458 to €9,875
of which Land and buildings: +€8,583
- Stocks and contracts +€5,025
up €5,025 (+10.9%), from €46,276 to €51,301
- Cash -€2,373
down €2,373 (-15.6%), from €15,178 to €12,805
mainly Contributions, distributions and other (-€27,709) and Investment in fixed assets (net) (-€9,400)
- Reserves -€34,606
down €34,606 (-53.4%), from €64,781 to €30,176
of which Non-distributable reserves: -€64,781
- Profit (loss) carried forward +€15,926
up €15,926 (+120.0%), from €13,272 to €29,198
- Trade debts +€5,679
new in 2024: €5,679
- Tax, wage and social debts +€3,704
up €3,704 (+186.1%), from €1,991 to €5,695
of which Taxes: +€3,724
- Turnover -€95,941
no longer reported in 2024 (was €95,941)
- Purchases and services -€87,513
no longer reported in 2024 (was €87,513)
- Taxes -€2,891
down €2,891, from €1,318 to -€1,574
- Gross operating margin +€1,422
up €1,422 (+16.9%), from €8,428 to €9,850
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,244 | €84,326 | -€8,918 | -9.6% |
| Fixed assets | 21/28 | €1,518 | €9,935 | +€8,418 | +554.7% |
| Tangible fixed assets | 22/27 | €1,458 | €9,875 | +€8,418 | +577.5% |
| Land and buildings | 22 | - | €8,583 | +€8,583 | |
| Other tangible fixed assets | 26 | €1,458 | €1,293 | -€165 | -11.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €91,726 | €74,391 | -€17,335 | -18.9% |
| Stocks and contracts in progress | 3 | €46,276 | €51,301 | +€5,025 | +10.9% |
| Stocks | 30/36 | €46,276 | €51,301 | +€5,025 | +10.9% |
| Amounts receivable within one year | 40/41 | €30,272 | €10,284 | -€19,987 | -66.0% |
| Trade receivables | 40 | €23,764 | €5,251 | -€18,513 | -77.9% |
| Other amounts receivable | 41 | €6,508 | €5,033 | -€1,475 | -22.7% |
| Cash at bank and in hand | 54/58 | €15,178 | €12,805 | -€2,373 | -15.6% |
| Total equity and liabilities | 10/49 | €93,244 | €84,326 | -€8,918 | -9.6% |
| Equity | 10/15 | €91,253 | €72,574 | -€18,679 | -20.5% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Capital | 10 | €13,200 | - | -€13,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €5,400 | - | -€5,400 | |
| Reserves | 13 | €64,781 | €30,176 | -€34,606 | -53.4% |
| Non-distributable reserves | 130/1 | €64,781 | - | -€64,781 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Other | 1319 | €62,921 | - | -€62,921 | |
| Distributable reserves | 133 | - | €30,176 | +€30,176 | |
| Profit (loss) carried forward | 14 | €13,272 | €29,198 | +€15,926 | +120.0% |
| Amounts payable | 17/49 | €1,991 | €11,752 | +€9,762 | +490.4% |
| Amounts payable within one year | 42/48 | €1,991 | €11,752 | +€9,762 | +490.4% |
| Trade debts | 44 | - | €5,679 | +€5,679 | |
| Suppliers | 440/4 | - | €5,679 | +€5,679 | |
| Taxes, remuneration and social security | 45 | €1,991 | €5,695 | +€3,704 | +186.1% |
| Taxes | 450/3 | €1,971 | €5,695 | +€3,724 | +188.9% |
| Remuneration and social security | 454/9 | €19 | - | -€19 | |
| Other amounts payable | 47/48 | - | €379 | +€379 | |
| Turnover | 70 | €95,941 | - | -€95,941 | |
| Goods, raw materials, services and sundry goods | 60/61 | €87,513 | - | -€87,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €982 | +€817 | +495.4% |
| Other operating charges | 640/8 | €657 | €614 | -€43 | -6.6% |
| Gross operating margin | 9900 | €8,428 | €9,850 | +€1,422 | +16.9% |
| Operating profit (loss) | 9901 | €7,606 | €8,254 | +€648 | +8.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €165 | €798 | +€633 | +383.1% |
| Recurring financial charges | 65 | €165 | €798 | +€633 | +383.1% |
| Profit (loss) for the period before taxes | 9903 | €7,441 | €7,456 | +€15 | +0.2% |
| Income taxes | 67/77 | €1,318 | -€1,574 | -€2,891 | |
| Profit (loss) for the period | 9904 | €6,123 | €9,029 | +€2,906 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,123 | €9,029 | +€2,906 | +47.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.