FEGO: 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.
FEGO
Largest movements
- Receivables within one year +€42,857
up €42,857 (+79.7%), from €53,792 to €96,650
of which Trade receivables: +€42,857
- Stocks and contracts +€15,000
up €15,000 (+26.7%), from €56,130 to €71,130
- Tangible fixed assets -€9,036
down €9,036 (-39.0%), from €23,162 to €14,126
- Other debts +€26,720
up €26,720 (+62.1%), from €43,051 to €69,771
- Trade debts +€24,848
up €24,848 (+65.2%), from €38,109 to €62,957
- Tax, wage and social debts +€22,881
up €22,881 (+60.9%), from €37,590 to €60,470
- Contributions +€18,592
new in 2024: €18,592
- Debts after one year -€15,092
down €15,092 (-81.2%), from €18,592 to €3,500
- Gross operating margin +€44,157
up €44,157 (+770.4%), from €5,732 to €49,888
- Staff costs +€13,579
up €13,579 (+38.2%), from €35,548 to €49,127
- Financial income +€8,265
up €8,265 (+166.9%), from €4,951 to €13,216
- Taxes +€5,506
new in 2024: €5,506
- Other operating charges +€5,222
up €5,222 (+1851.6%), from €282 to €5,504
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 | €133,799 | €185,127 | +€51,328 | +38.4% |
| Fixed assets | 21/28 | €23,869 | €14,833 | -€9,036 | -37.9% |
| Tangible fixed assets | 22/27 | €23,162 | €14,126 | -€9,036 | -39.0% |
| Land and buildings | 22 | €654 | €327 | -€327 | -50.0% |
| Plant, machinery and equipment | 23 | €3,841 | €2,092 | -€1,749 | -45.5% |
| Furniture and vehicles | 24 | €10,238 | €6,088 | -€4,150 | -40.5% |
| Leasing and similar rights | 25 | €8,429 | €5,619 | -€2,810 | -33.3% |
| Financial fixed assets | 28 | €707 | €707 | = | 0.0% |
| Current assets | 29/58 | €109,930 | €170,294 | +€60,364 | +54.9% |
| Stocks and contracts in progress | 3 | €56,130 | €71,130 | +€15,000 | +26.7% |
| Stocks | 30/36 | €56,130 | €71,130 | +€15,000 | +26.7% |
| Amounts receivable within one year | 40/41 | €53,792 | €96,650 | +€42,857 | +79.7% |
| Trade receivables | 40 | €45,223 | €88,081 | +€42,857 | +94.8% |
| Other amounts receivable | 41 | €8,569 | €8,569 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8 | €1,584 | +€1,576 | +20386.5% |
| Deferred charges and accrued income | 490/1 | - | €931 | +€931 | |
| Total equity and liabilities | 10/49 | €133,799 | €185,127 | +€51,328 | +38.4% |
| Equity | 10/15 | -€23,239 | -€14,922 | +€8,316 | +35.8% |
| Contributions | 10/11 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,098 | -€35,373 | -€10,276 | -40.9% |
| Amounts payable | 17/49 | €157,038 | €200,050 | +€43,012 | +27.4% |
| Amounts payable after more than one year | 17 | €18,592 | €3,500 | -€15,092 | -81.2% |
| Financial debts | 170/4 | €18,592 | €3,500 | -€15,092 | -81.2% |
| Amounts payable within one year | 42/48 | €138,446 | €196,550 | +€58,104 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €15,033 | €3,287 | -€11,746 | -78.1% |
| Financial debts | 43 | €4,663 | €65 | -€4,598 | -98.6% |
| Credit institutions | 430/8 | €4,663 | €65 | -€4,598 | -98.6% |
| Trade debts | 44 | €38,109 | €62,957 | +€24,848 | +65.2% |
| Suppliers | 440/4 | €38,109 | €62,957 | +€24,848 | +65.2% |
| Taxes, remuneration and social security | 45 | €37,590 | €60,470 | +€22,881 | +60.9% |
| Taxes | 450/3 | €37,590 | €60,470 | +€22,881 | +60.9% |
| Other amounts payable | 47/48 | €43,051 | €69,771 | +€26,720 | +62.1% |
| Remuneration, social security and pensions | 62 | €35,548 | €49,127 | +€13,579 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,036 | €9,036 | +€0 | 0.0% |
| Other operating charges | 640/8 | €282 | €5,504 | +€5,222 | +1851.6% |
| Gross operating margin | 9900 | €5,732 | €49,888 | +€44,157 | +770.4% |
| Operating profit (loss) | 9901 | -€39,134 | -€13,778 | +€25,357 | +64.8% |
| Financial income | 75/76B | €4,951 | €13,216 | +€8,265 | +166.9% |
| Recurring financial income | 75 | €4,951 | €13,216 | +€8,265 | +166.9% |
| Financial charges | 65/66B | €4,432 | €4,208 | -€224 | -5.1% |
| Recurring financial charges | 65 | €4,432 | €4,208 | -€224 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,615 | -€4,770 | +€33,845 | +87.6% |
| Income taxes | 67/77 | - | €5,506 | +€5,506 | |
| Profit (loss) for the period | 9904 | -€38,615 | -€10,276 | +€28,339 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,615 | -€10,276 | +€28,339 | +73.4% |
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 29 September 2026 via checked.be.