FEMPAC: 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.
FEMPAC
Largest movements
- Cash +€19,204
up €19,204 (+2,279%), from €843 to €20,047
- Receivables within one year +€15,323
up €15,323 (+44.6%), from €34,364 to €49,687
of which Trade receivables: +€13,958
- Tangible fixed assets -€7,610
down €7,610 (-83.3%), from €9,139 to €1,529
of which Furniture and vehicles: -€6,666
- Deferred charges and accrued income -€3,590
down €3,590 (-91.3%), from €3,931 to €341
- Stocks and contracts +€2,797
up €2,797 (+122%), from €2,288 to €5,085
- Other debts +€55,861
up €55,861 (+440%), from €12,694 to €68,555
- Profit (loss) carried forward -€20,837
down €20,837 (-183%), from -€11,371 to -€32,207
- Debts after one year -€4,522
no longer reported in 2024 (was €4,522)
- Trade debts -€3,710
down €3,710 (-29.6%), from €12,526 to €8,816
- Tax, wage and social debts -€2,252
down €2,252 (-40.8%), from €5,518 to €3,266
- Gross operating margin -€13,534
down €13,534 (-38.2%), from €35,399 to €21,865
- Depreciation -€1,855
down €1,855 (-32.8%), from €5,660 to €3,805
- Taxes -€1,002
down €1,002 (-28.3%), from €3,536 to €2,534
- Other operating charges -€993
down €993 (-50.4%), from €1,970 to €977
From the 2022 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,566 | €76,689 | +€26,124 | +51.7% |
| Fixed assets | 21/28 | €9,139 | €1,529 | -€7,610 | -83.3% |
| Tangible fixed assets | 22/27 | €9,139 | €1,529 | -€7,610 | -83.3% |
| Plant, machinery and equipment | 23 | €1,796 | €852 | -€944 | -52.5% |
| Furniture and vehicles | 24 | €7,343 | €677 | -€6,666 | -90.8% |
| Current assets | 29/58 | €41,427 | €75,160 | +€33,734 | +81.4% |
| Stocks and contracts in progress | 3 | €2,288 | €5,085 | +€2,797 | +122% |
| Stocks | 30/36 | €2,288 | €5,085 | +€2,797 | +122% |
| Amounts receivable within one year | 40/41 | €34,364 | €49,687 | +€15,323 | +44.6% |
| Trade receivables | 40 | €34,107 | €48,065 | +€13,958 | +40.9% |
| Other amounts receivable | 41 | €257 | €1,622 | +€1,365 | +530% |
| Cash at bank and in hand | 54/58 | €843 | €20,047 | +€19,204 | +2,279% |
| Deferred charges and accrued income | 490/1 | €3,931 | €341 | -€3,590 | -91.3% |
| Total equity and liabilities | 10/49 | €50,566 | €76,689 | +€26,124 | +51.7% |
| Equity | 10/15 | €8,629 | -€12,207 | -€20,837 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,371 | -€32,207 | -€20,837 | -183% |
| Amounts payable | 17/49 | €41,936 | €88,897 | +€46,960 | +112% |
| Amounts payable after more than one year | 17 | €4,522 | - | -€4,522 | |
| Financial debts | 170/4 | €4,522 | - | -€4,522 | |
| Amounts payable within one year | 42/48 | €37,415 | €88,383 | +€50,968 | +136% |
| Current portion of amounts payable after more than one year | 42 | €6,676 | €5,746 | -€931 | -13.9% |
| Trade debts | 44 | €12,526 | €8,816 | -€3,710 | -29.6% |
| Suppliers | 440/4 | €12,526 | €8,816 | -€3,710 | -29.6% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €5,518 | €3,266 | -€2,252 | -40.8% |
| Taxes | 450/3 | €5,518 | €3,266 | -€2,252 | -40.8% |
| Other amounts payable | 47/48 | €12,694 | €68,555 | +€55,861 | +440% |
| Accrued charges and deferred income | 492/3 | - | €514 | +€514 | |
| Non-recurring operating income | 76A | €6,000 | €1,308 | -€4,692 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,660 | €3,805 | -€1,855 | -32.8% |
| Other operating charges | 640/8 | €1,970 | €977 | -€993 | -50.4% |
| Gross operating margin | 9900 | €35,399 | €21,865 | -€13,534 | -38.2% |
| Operating profit (loss) | 9901 | €27,770 | €17,084 | -€10,686 | -38.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +544% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +544% |
| Financial charges | 65/66B | €1,454 | €1,236 | -€218 | -15.0% |
| Recurring financial charges | 65 | €1,454 | €1,236 | -€218 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €26,316 | €15,849 | -€10,467 | -39.8% |
| Income taxes | 67/77 | €3,536 | €2,534 | -€1,002 | -28.3% |
| Profit (loss) for the period | 9904 | €22,781 | €13,315 | -€9,466 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,781 | €13,315 | -€9,466 | -41.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.