FEKA: 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.
What changed
FEKA
NACE 28.120, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€15,343
2023 · €122,510-€137,853
Equity
€1.1m
2023 · €1.2m-€35,243
Cash
€82,963
2023 · €103,632-€20,669
Balance sheet total
€3.4m
2023 · €3.5m-€72,917
Largest movements
Assets
- Tangible fixed assets -€125,697
down €125,697 (-13.3%), from €942,041 to €816,344
of which Land and buildings: -€115,662
- Receivables within one year +€71,320
up €71,320 (+17.1%), from €416,807 to €488,127
of which Trade receivables: +€36,544
Equity and liabilities
- Other debts -€154,265
down €154,265 (-56.6%), from €272,745 to €118,480
- Debts after one year +€68,969
up €68,969 (+24.3%), from €283,848 to €352,817
- Current portion of long-term debt +€51,593
up €51,593 (+29.6%), from €174,049 to €225,642
Income statement
- Gross operating margin -€119,777
down €119,777 (-9.6%), from €1.2m to €1.1m
- Taxes -€42,990
down €42,990 (-98.1%), from €43,813 to €823
- Depreciation +€29,555
up €29,555 (+11.4%), from €260,214 to €289,769
- Staff costs +€28,534
up €28,534 (+4.1%), from €698,060 to €726,594
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
€122,510
Gross operating margin
-€119,777
Staff costs
-€28,534
Depreciation
-€29,555
Write-downs
+€2,596
Other operating charges
-€4,323
Financial income
+€7,212
Financial charges
-€8,462
Taxes
+€42,990
Result 2024
-€15,343
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.
From operations
+€27,742
Investment
-€164,072
Financing
+€115,661
Cash 2023
€103,632
From operations (derived)
+€27,742
Net result for the year
-€15,343
Depreciation
+€289,769
Stocks and contracts
+€14,272
Receivables within one year
-€71,320
Deferred charges and accrued income
-€16,401
Provisions
-€2,967
Trade debts
-€8,248
Tax, wage and social debts
-€9,539
Other debts
-€154,265
Accrued charges and deferred income
+€1,784
Investment (derived)
-€164,072
Investment in fixed assets (net)
-€164,072
Financing
+€115,661
Debts after one year
+€68,969
Current portion of long-term debt
+€51,593
Short-term financial debts
+€15,000
Contributions, distributions and other
-€19,900
Cash 2024
€82,963
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,451,548 | €3,378,631 | -€72,917 | -2.1% |
| Fixed assets | 21/28 | €980,905 | €855,208 | -€125,697 | -12.8% |
| Tangible fixed assets | 22/27 | €942,041 | €816,344 | -€125,697 | -13.3% |
| Land and buildings | 22 | €465,737 | €350,076 | -€115,662 | -24.8% |
| Plant, machinery and equipment | 23 | €194,124 | €195,497 | +€1,374 | +0.7% |
| Furniture and vehicles | 24 | €68,025 | €73,377 | +€5,353 | +7.9% |
| Leasing and similar rights | 25 | €214,155 | €197,393 | -€16,762 | -7.8% |
| Financial fixed assets | 28 | €38,864 | €38,864 | = | 0.0% |
| Current assets | 29/58 | €2,470,643 | €2,523,423 | +€52,780 | +2.1% |
| Stocks and contracts in progress | 3 | €1,941,661 | €1,927,389 | -€14,272 | -0.7% |
| Stocks | 30/36 | €1,941,661 | €1,927,389 | -€14,272 | -0.7% |
| Amounts receivable within one year | 40/41 | €416,807 | €488,127 | +€71,320 | +17.1% |
| Trade receivables | 40 | €414,188 | €450,732 | +€36,544 | +8.8% |
| Other amounts receivable | 41 | €2,619 | €37,395 | +€34,776 | +1328.1% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €103,632 | €82,963 | -€20,669 | -19.9% |
| Deferred charges and accrued income | 490/1 | €8,542 | €24,944 | +€16,401 | +192.0% |
| Total equity and liabilities | 10/49 | €3,451,548 | €3,378,631 | -€72,917 | -2.1% |
| Equity | 10/15 | €1,155,432 | €1,120,189 | -€35,243 | -3.1% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €201,683 | €201,683 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,000 | €22,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €69 | €69 | = | 0.0% |
| Distributable reserves | 133 | €179,614 | €179,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | €696,548 | €671,205 | -€25,343 | -3.6% |
| Investment grants | 15 | €37,202 | €27,302 | -€9,900 | -26.6% |
| Provisions and deferred taxes | 16 | €10,771 | €7,804 | -€2,967 | -27.5% |
| Deferred taxes | 168 | €10,771 | €7,804 | -€2,967 | -27.5% |
| Amounts payable | 17/49 | €2,285,345 | €2,250,638 | -€34,706 | -1.5% |
| Amounts payable after more than one year | 17 | €283,848 | €352,817 | +€68,969 | +24.3% |
| Financial debts | 170/4 | €283,848 | €352,817 | +€68,969 | +24.3% |
| Amounts payable within one year | 42/48 | €1,987,996 | €1,882,537 | -€105,459 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €174,049 | €225,642 | +€51,593 | +29.6% |
| Financial debts | 43 | €965,000 | €980,000 | +€15,000 | +1.6% |
| Credit institutions | 430/8 | €965,000 | €980,000 | +€15,000 | +1.6% |
| Trade debts | 44 | €445,511 | €437,263 | -€8,248 | -1.9% |
| Suppliers | 440/4 | €445,511 | €437,263 | -€8,248 | -1.9% |
| Taxes, remuneration and social security | 45 | €130,690 | €121,152 | -€9,539 | -7.3% |
| Taxes | 450/3 | €28,756 | €33,988 | +€5,232 | +18.2% |
| Remuneration and social security | 454/9 | €101,934 | €87,163 | -€14,771 | -14.5% |
| Other amounts payable | 47/48 | €272,745 | €118,480 | -€154,265 | -56.6% |
| Accrued charges and deferred income | 492/3 | €13,501 | €15,285 | +€1,784 | +13.2% |
| Non-recurring operating income | 76A | €19,503 | €6,994 | -€12,509 | -64.1% |
| Remuneration, social security and pensions | 62 | €698,060 | €726,594 | +€28,534 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,214 | €289,769 | +€29,555 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,596 | - | -€2,596 | |
| Other operating charges | 640/8 | €30,750 | €35,073 | +€4,323 | +14.1% |
| Gross operating margin | 9900 | €1,243,638 | €1,123,861 | -€119,777 | -9.6% |
| Operating profit (loss) | 9901 | €252,017 | €72,425 | -€179,593 | -71.3% |
| Financial income | 75/76B | €4,403 | €11,615 | +€7,212 | +163.8% |
| Recurring financial income | 75 | €4,403 | €11,615 | +€7,212 | +163.8% |
| Financial charges | 65/66B | €93,064 | €101,526 | +€8,462 | +9.1% |
| Recurring financial charges | 65 | €93,064 | €101,526 | +€8,462 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €163,356 | -€17,487 | -€180,843 | |
| Transfer from deferred taxes | 780 | €2,967 | €2,967 | = | 0.0% |
| Income taxes | 67/77 | €43,813 | €823 | -€42,990 | -98.1% |
| Profit (loss) for the period | 9904 | €122,510 | -€15,343 | -€137,853 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,510 | -€15,343 | -€137,853 |
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.