Fegra: 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.
Fegra
Largest movements
- Current investments -€141,261
down €141,261 (-6.7%), from €2.1m to €2.0m
- Receivables within one year +€34,904
up €34,904 (+76.1%), from €45,860 to €80,763
of which Trade receivables: +€31,466
- Reserves -€142,648
down €142,648 (-5.4%), from €2.6m to €2.5m
- Debts within one year +€44,771
up €44,771 (+26.9%), from €166,413 to €211,184
of which Trade debts: +€25,453
- Gross operating margin -€40,226
down €40,226 (-11.9%), from €336,744 to €296,518
- Staff costs +€22,560
up €22,560 (+5.9%), from €380,820 to €403,380
- Financial income +€11,272
up €11,272 (+20700.9%), from €54 to €11,326
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.
Cash bridge derived
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 | €2,824,558 | €2,735,757 | -€88,800 | -3.1% |
| Fixed assets | 21/28 | €497,304 | €492,737 | -€4,567 | -0.9% |
| Intangible fixed assets | 21 | - | €13,313 | +€13,313 | |
| Tangible fixed assets | 22/27 | €495,161 | €477,282 | -€17,880 | -3.6% |
| Land and buildings | 22 | €471,614 | €460,133 | -€11,481 | -2.4% |
| Plant, machinery and equipment | 23 | €821 | €0 | -€821 | -100.0% |
| Furniture and vehicles | 24 | €22,727 | €17,149 | -€5,578 | -24.5% |
| Financial fixed assets | 28 | €2,143 | €2,143 | = | 0.0% |
| Current assets | 29/58 | €2,327,253 | €2,243,020 | -€84,233 | -3.6% |
| Amounts receivable within one year | 40/41 | €45,860 | €80,763 | +€34,904 | +76.1% |
| Trade receivables | 40 | €45,860 | €77,326 | +€31,466 | +68.6% |
| Other amounts receivable | 41 | €0 | €3,438 | +€3,438 | |
| Current investments | 50/53 | €2,099,615 | €1,958,354 | -€141,261 | -6.7% |
| Cash at bank and in hand | 54/58 | €173,734 | €189,621 | +€15,886 | +9.1% |
| Deferred charges and accrued income | 490/1 | €8,044 | €14,282 | +€6,238 | +77.5% |
| Total equity and liabilities | 10/49 | €2,824,558 | €2,735,757 | -€88,800 | -3.1% |
| Equity | 10/15 | €2,627,537 | €2,484,889 | -€142,648 | -5.4% |
| Reserves | 13 | €2,627,537 | €2,484,889 | -€142,648 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €197,021 | €250,869 | +€53,848 | +27.3% |
| Amounts payable within one year | 42/48 | €166,413 | €211,184 | +€44,771 | +26.9% |
| Trade debts | 44 | €54,429 | €79,882 | +€25,453 | +46.8% |
| Suppliers | 440/4 | €54,429 | €79,882 | +€25,453 | +46.8% |
| Taxes, remuneration and social security | 45 | €65,087 | €75,467 | +€10,380 | +15.9% |
| Taxes | 450/3 | €14,518 | €22,386 | +€7,868 | +54.2% |
| Remuneration and social security | 454/9 | €50,570 | €53,081 | +€2,511 | +5.0% |
| Accrued charges and deferred income | 492/3 | €30,608 | €39,685 | +€9,077 | +29.7% |
| Remuneration, social security and pensions | 62 | €380,820 | €403,380 | +€22,560 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,554 | €18,922 | -€632 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,400 | €95 | +€1,495 | |
| Other operating charges | 640/8 | €24,310 | €27,344 | +€3,034 | +12.5% |
| Gross operating margin | 9900 | €336,744 | €296,518 | -€40,226 | -11.9% |
| Operating profit (loss) | 9901 | -€86,540 | -€153,223 | -€66,683 | -77.1% |
| Financial income | 75/76B | €54 | €11,326 | +€11,272 | +20700.9% |
| Recurring financial income | 75 | €54 | €11,326 | +€11,272 | +20700.9% |
| Financial charges | 65/66B | €884 | €751 | -€133 | -15.1% |
| Recurring financial charges | 65 | €884 | €751 | -€133 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€87,370 | -€142,648 | -€55,278 | -63.3% |
| Profit (loss) for the period | 9904 | -€87,370 | -€142,648 | -€55,278 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,370 | -€142,648 | -€55,278 | -63.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.