FEMADIS: 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.
FEMADIS
Largest movements
- Receivables within one year +€37,952
up €37,952 (+6,828%), from €556 to €38,508
of which Trade receivables: +€36,718
- Cash -€11,984
down €11,984 (-9.5%), from €126,056 to €114,072
mainly Contributions, distributions and other (-€102,523) and Receivables within one year (-€37,952)
- Receivables after one year -€6,000
down €6,000 (-18.2%), from €32,974 to €26,974
- Tangible fixed assets -€3,478
down €3,478 (-4.7%), from €73,934 to €70,456
of which Land and buildings: -€7,659
- Other debts +€53,634
up €53,634 (+110%), from €48,890 to €102,523
- Reserves -€26,728
down €26,728 (-18.3%), from €146,169 to €119,441
- Trade debts -€7,399
down €7,399 (-50.4%), from €14,670 to €7,271
- Tax, wage and social debts -€2,619
down €2,619 (-41.9%), from €6,243 to €3,624
of which Remuneration and social security: -€1,764
- Gross operating margin +€22,375
up €22,375 (+21.9%), from €101,962 to €124,337
- Taxes +€9,725
up €9,725 (+40.6%), from €23,944 to €33,669
- Financial charges +€1,584
up €1,584 (+155%), from €1,023 to €2,607
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,543 | €258,431 | +€16,888 | +7.0% |
| Fixed assets | 21/28 | €74,934 | €71,456 | -€3,478 | -4.6% |
| Tangible fixed assets | 22/27 | €73,934 | €70,456 | -€3,478 | -4.7% |
| Land and buildings | 22 | €65,231 | €57,573 | -€7,659 | -11.7% |
| Plant, machinery and equipment | 23 | €6,042 | €5,543 | -€499 | -8.3% |
| Furniture and vehicles | 24 | €2,661 | €7,340 | +€4,679 | +176% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €166,609 | €186,975 | +€20,367 | +12.2% |
| Amounts receivable after more than one year | 29 | €32,974 | €26,974 | -€6,000 | -18.2% |
| Trade receivables | 290 | €32,974 | €26,974 | -€6,000 | -18.2% |
| Amounts receivable within one year | 40/41 | €556 | €38,508 | +€37,952 | +6,828% |
| Trade receivables | 40 | - | €36,718 | +€36,718 | |
| Other amounts receivable | 41 | €556 | €1,790 | +€1,234 | +222% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €126,056 | €114,072 | -€11,984 | -9.5% |
| Deferred charges and accrued income | 490/1 | €2,023 | €2,422 | +€398 | +19.7% |
| Total equity and liabilities | 10/49 | €241,543 | €258,431 | +€16,888 | +7.0% |
| Equity | 10/15 | €171,741 | €145,013 | -€26,728 | -15.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €146,169 | €119,441 | -€26,728 | -18.3% |
| Distributable reserves | 133 | €146,169 | €119,441 | -€26,728 | -18.3% |
| Profit (loss) carried forward | 14 | €19,372 | €19,372 | = | 0.0% |
| Amounts payable | 17/49 | €69,802 | €113,418 | +€43,616 | +62.5% |
| Amounts payable within one year | 42/48 | €69,802 | €113,418 | +€43,616 | +62.5% |
| Trade debts | 44 | €14,670 | €7,271 | -€7,399 | -50.4% |
| Suppliers | 440/4 | €14,670 | €7,271 | -€7,399 | -50.4% |
| Taxes, remuneration and social security | 45 | €6,243 | €3,624 | -€2,619 | -41.9% |
| Taxes | 450/3 | €4,479 | €3,624 | -€855 | -19.1% |
| Remuneration and social security | 454/9 | €1,764 | - | -€1,764 | |
| Other amounts payable | 47/48 | €48,890 | €102,523 | +€53,634 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,062 | €12,011 | +€950 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €940 | €912 | -€28 | -3.0% |
| Gross operating margin | 9900 | €101,962 | €124,337 | +€22,375 | +21.9% |
| Operating profit (loss) | 9901 | €89,960 | €111,414 | +€21,453 | +23.8% |
| Financial income | 75/76B | €614 | €658 | +€44 | +7.1% |
| Recurring financial income | 75 | €614 | €658 | +€44 | +7.1% |
| Financial charges | 65/66B | €1,023 | €2,607 | +€1,584 | +155% |
| Recurring financial charges | 65 | €1,023 | €2,607 | +€1,584 | +155% |
| Profit (loss) for the period before taxes | 9903 | €89,551 | €109,464 | +€19,914 | +22.2% |
| Income taxes | 67/77 | €23,944 | €33,669 | +€9,725 | +40.6% |
| Profit (loss) for the period | 9904 | €65,607 | €75,795 | +€10,189 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,607 | €75,795 | +€10,189 | +15.5% |
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 23 October 2026 via checked.be.