FEMACO: what changed
Two financial 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
FEMACO
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€206,057
2024 · -€131,711-€74,346
Equity
-€1.1m
2024 · -€896,548-€206,057
Cash
€575
2024 · €664-€89
Balance sheet total
€2.5m
2024 · €2.9m-€382,190
Largest movements
Assets
- Tangible fixed assets -€256,282
down €256,282 (-23.1%), from €1.1m to €853,845
of which Plant, machinery and equipment: -€253,245
- Stocks and contracts -€58,970
down €58,970 (-3.6%), from €1.7m to €1.6m
- Receivables within one year -€41,401
down €41,401 (-76.8%), from €53,916 to €12,514
of which Trade receivables: -€31,327
Equity and liabilities
- Debts after one year -€447,851
down €447,851 (-30.6%), from €1.5m to €1.0m
- Other debts +€361,494
up €361,494 (+26.9%), from €1.3m to €1.7m
- Profit (loss) carried forward -€206,057
down €206,057 (-12.5%), from -€1.6m to -€1.9m
- Current portion of long-term debt -€77,202
down €77,202 (-13.8%), from €560,856 to €483,654
Income statement
- Services and other goods +€286,104
up €286,104 (+121%), from €235,986 to €522,090
- Depreciation -€192,756
down €192,756 (-32.3%), from €596,267 to €403,511
- Goods and materials -€173,132
down €173,132 (-11.0%), from €1.6m to €1.4m
of which Purchases: -€235,557
- Turnover -€111,063
down €111,063 (-4.3%), from €2.6m to €2.5m
- Other operating income -€68,936
down €68,936 (-48.7%), from €141,511 to €72,575
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.
Result 2024
-€131,711
Turnover
-€111,063
Other operating income
-€68,936
Goods and materials
+€173,132
Services and other goods
-€286,104
Staff costs
+€65,431
Depreciation
+€192,756
Other operating charges
-€34
Financial income
+€0
Financial charges
-€39,527
Result 2025
-€206,057
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€647,080
Investment
-€122,115
Financing
-€525,053
Cash 2024
€664
From operations (derived)
+€647,080
Net result for the year
-€206,057
Depreciation
+€403,511
Stocks and contracts
+€58,970
Receivables within one year
+€41,401
Deferred charges and accrued income
+€335
Trade debts
+€9,732
Tax, wage and social debts
-€13,096
Advances received
+€1,825
Other debts
+€361,494
Accrued charges and deferred income
-€11,036
Investment (derived)
-€122,115
Investment in fixed assets (net)
-€122,115
Financing
-€525,053
Debts after one year
-€447,851
Current portion of long-term debt
-€77,202
Cash 2025
€575
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,906,413 | €2,524,222 | -€382,190 | -13.1% |
| Fixed assets | 21/28 | €1,190,450 | €909,055 | -€281,396 | -23.6% |
| Intangible fixed assets | 21 | €80,323 | €55,210 | -€25,114 | -31.3% |
| Tangible fixed assets | 22/27 | €1,110,127 | €853,845 | -€256,282 | -23.1% |
| Land and buildings | 22 | €5,005 | €4,042 | -€963 | -19.2% |
| Plant, machinery and equipment | 23 | €1,102,136 | €848,891 | -€253,245 | -23.0% |
| Furniture and vehicles | 24 | €2,986 | €912 | -€2,074 | -69.5% |
| Current assets | 29/58 | €1,715,962 | €1,615,167 | -€100,795 | -5.9% |
| Stocks and contracts in progress | 3 | €1,661,047 | €1,602,078 | -€58,970 | -3.6% |
| Stocks | 30/36 | €1,661,047 | €1,602,078 | -€58,970 | -3.6% |
| Raw materials and consumables | 30/31 | €1,376,831 | €1,363,359 | -€13,473 | -1.0% |
| Work in progress | 32 | €108,359 | €83,592 | -€24,767 | -22.9% |
| Finished goods | 33 | €175,858 | €155,127 | -€20,730 | -11.8% |
| Amounts receivable within one year | 40/41 | €53,916 | €12,514 | -€41,401 | -76.8% |
| Trade receivables | 40 | €41,186 | €9,859 | -€31,327 | -76.1% |
| Other amounts receivable | 41 | €12,730 | €2,655 | -€10,075 | -79.1% |
| Cash at bank and in hand | 54/58 | €664 | €575 | -€89 | -13.3% |
| Deferred charges and accrued income | 490/1 | €335 | - | -€335 | |
| Total equity and liabilities | 10/49 | €2,906,413 | €2,524,222 | -€382,190 | -13.1% |
| Equity | 10/15 | -€896,548 | -€1,102,605 | -€206,057 | -23.0% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,646,548 | -€1,852,605 | -€206,057 | -12.5% |
| Amounts payable | 17/49 | €3,802,961 | €3,626,827 | -€176,134 | -4.6% |
| Amounts payable after more than one year | 17 | €1,462,033 | €1,014,182 | -€447,851 | -30.6% |
| Financial debts | 170/4 | €1,462,033 | €1,014,182 | -€447,851 | -30.6% |
| Credit institutions | 173 | €1,462,033 | €1,014,182 | -€447,851 | -30.6% |
| Amounts payable within one year | 42/48 | €2,328,744 | €2,611,497 | +€282,753 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €560,856 | €483,654 | -€77,202 | -13.8% |
| Trade debts | 44 | €350,870 | €360,601 | +€9,732 | +2.8% |
| Suppliers | 440/4 | €350,870 | €360,601 | +€9,732 | +2.8% |
| Advances received on contracts in progress | 46 | - | €1,825 | +€1,825 | |
| Taxes, remuneration and social security | 45 | €75,509 | €62,414 | -€13,096 | -17.3% |
| Taxes | 450/3 | €15,317 | €17,597 | +€2,280 | +14.9% |
| Remuneration and social security | 454/9 | €60,193 | €44,817 | -€15,376 | -25.5% |
| Other amounts payable | 47/48 | €1,341,509 | €1,703,003 | +€361,494 | +26.9% |
| Accrued charges and deferred income | 492/3 | €12,183 | €1,148 | -€11,036 | -90.6% |
| Operating income | 70/76A | €2,741,577 | €2,561,578 | -€180,000 | -6.6% |
| Turnover | 70 | €2,600,066 | €2,489,003 | -€111,063 | -4.3% |
| Other operating income | 74 | €141,511 | €72,575 | -€68,936 | -48.7% |
| Operating charges | 60/66A | €2,810,167 | €2,664,986 | -€145,181 | -5.2% |
| Goods for resale, raw materials and consumables | 60 | €1,567,381 | €1,394,250 | -€173,132 | -11.0% |
| Purchases | 600/8 | €1,570,837 | €1,335,280 | -€235,557 | -15.0% |
| Change in stocks: decrease (increase) | 609 | -€3,455 | €58,970 | +€62,425 | |
| Services and other goods | 61 | €235,986 | €522,090 | +€286,104 | +121% |
| Remuneration, social security and pensions | 62 | €409,419 | €343,988 | -€65,431 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596,267 | €403,511 | -€192,756 | -32.3% |
| Other operating charges | 640/8 | €1,115 | €1,148 | +€34 | +3.0% |
| Operating profit (loss) | 9901 | -€68,590 | -€103,408 | -€34,818 | -50.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €63,121 | €102,648 | +€39,527 | +62.6% |
| Recurring financial charges | 65 | €63,121 | €102,648 | +€39,527 | +62.6% |
| Debt charges | 650 | €63,115 | €102,648 | +€39,533 | +62.6% |
| Other financial charges | 652/9 | €6 | - | -€6 | |
| Profit (loss) for the period before taxes | 9903 | -€131,711 | -€206,057 | -€74,346 | -56.4% |
| Profit (loss) for the period | 9904 | -€131,711 | -€206,057 | -€74,346 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€131,711 | -€206,057 | -€74,346 | -56.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.