Fejeco: 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.
Fejeco
Largest movements
- Cash +€170,790
up €170,790 (+101.4%), from €168,476 to €339,266
mainly Net result for the year (+€56,539) and Depreciation (+€47,797)
- Tangible fixed assets -€47,797
down €47,797 (-7.9%), from €604,412 to €556,616
of which Plant, machinery and equipment: -€41,104
- Other debts +€46,683
up €46,683 (+110.2%), from €42,374 to €89,057
- Reserves +€45,008
up €45,008 (+19.8%), from €227,116 to €272,125
of which Distributable reserves: +€45,008
- Tax, wage and social debts +€26,356
up €26,356 (+589.7%), from €4,469 to €30,826
of which Taxes: +€26,654
- Gross operating margin +€80,750
up €80,750 (+81.0%), from €99,683 to €180,433
- Taxes +€27,979
up €27,979, from -€593 to €27,386
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 | €774,942 | €896,298 | +€121,356 | +15.7% |
| Fixed assets | 21/28 | €604,829 | €557,033 | -€47,797 | -7.9% |
| Tangible fixed assets | 22/27 | €604,412 | €556,616 | -€47,797 | -7.9% |
| Land and buildings | 22 | €417,533 | €410,840 | -€6,693 | -1.6% |
| Plant, machinery and equipment | 23 | €186,879 | €145,775 | -€41,104 | -22.0% |
| Financial fixed assets | 28 | €417 | €417 | = | 0.0% |
| Current assets | 29/58 | €170,113 | €339,266 | +€169,153 | +99.4% |
| Amounts receivable within one year | 40/41 | €427 | - | -€427 | |
| Other amounts receivable | 41 | €427 | - | -€427 | |
| Cash at bank and in hand | 54/58 | €168,476 | €339,266 | +€170,790 | +101.4% |
| Deferred charges and accrued income | 490/1 | €1,210 | - | -€1,210 | |
| Total equity and liabilities | 10/49 | €774,942 | €896,298 | +€121,356 | +15.7% |
| Equity | 10/15 | €722,903 | €767,912 | +€45,008 | +6.2% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €227,116 | €272,125 | +€45,008 | +19.8% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €202,327 | €247,335 | +€45,008 | +22.2% |
| Amounts payable | 17/49 | €52,039 | €128,387 | +€76,348 | +146.7% |
| Amounts payable within one year | 42/48 | €52,039 | €128,387 | +€76,348 | +146.7% |
| Trade debts | 44 | €5,195 | €8,504 | +€3,309 | +63.7% |
| Suppliers | 440/4 | €5,195 | €8,504 | +€3,309 | +63.7% |
| Taxes, remuneration and social security | 45 | €4,469 | €30,826 | +€26,356 | +589.7% |
| Taxes | 450/3 | - | €26,654 | +€26,654 | |
| Remuneration and social security | 454/9 | €4,469 | €4,172 | -€298 | -6.7% |
| Other amounts payable | 47/48 | €42,374 | €89,057 | +€46,683 | +110.2% |
| Remuneration, social security and pensions | 62 | €29,481 | €28,835 | -€645 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,482 | €47,797 | -€685 | -1.4% |
| Other operating charges | 640/8 | €19,148 | €19,725 | +€578 | +3.0% |
| Gross operating margin | 9900 | €99,683 | €180,433 | +€80,750 | +81.0% |
| Operating profit (loss) | 9901 | €2,573 | €84,076 | +€81,503 | +3167.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €468 | €153 | -€315 | -67.3% |
| Recurring financial charges | 65 | €468 | €153 | -€315 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €2,105 | €83,925 | +€81,820 | +3887.4% |
| Income taxes | 67/77 | -€593 | €27,386 | +€27,979 | |
| Profit (loss) for the period | 9904 | €2,698 | €56,539 | +€53,842 | +1995.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,698 | €56,539 | +€53,842 | +1995.9% |
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.