FEPSOD: 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.
FEPSOD
Largest movements
- Cash +€28,136
up €28,136 (+267.3%), from €10,525 to €38,661
mainly Net result for the year (+€35,451) and Depreciation (+€5,369)
- Tangible fixed assets +€4,151
up €4,151 (+69.2%), from €5,995 to €10,147
- Receivables within one year -€882
down €882 (-51.4%), from €1,715 to €833
- Profit (loss) carried forward +€35,451
up €35,451, from -€5,590 to €29,861
- Trade debts -€2,812
down €2,812 (-27.3%), from €10,316 to €7,504
- Tax, wage and social debts -€1,733
down €1,733 (-23.7%), from €7,317 to €5,584
of which Remuneration and social security: -€5,916
- Staff costs -€48,340
down €48,340 (-85.5%), from €56,565 to €8,224
- Purchases and services +€30,264
up €30,264 (+157.7%), from €19,194 to €49,458
- Turnover +€24,496
up €24,496 (+27.6%), from €88,604 to €113,100
- Taxes +€13,874
up €13,874 (+4604.5%), from €301 to €14,175
- Gross operating margin -€5,768
down €5,768 (-8.3%), from €69,410 to €63,642
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,102 | €51,009 | +€30,906 | +153.7% |
| Formation expenses | 20 | €7 | - | -€7 | |
| Fixed assets | 21/28 | €6,175 | €10,147 | +€3,971 | +64.3% |
| Tangible fixed assets | 22/27 | €5,995 | €10,147 | +€4,151 | +69.2% |
| Furniture and vehicles | 24 | €5,995 | €10,147 | +€4,151 | +69.2% |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €13,920 | €40,862 | +€26,942 | +193.5% |
| Amounts receivable within one year | 40/41 | €1,715 | €833 | -€882 | -51.4% |
| Other amounts receivable | 41 | €1,715 | €833 | -€882 | -51.4% |
| Cash at bank and in hand | 54/58 | €10,525 | €38,661 | +€28,136 | +267.3% |
| Deferred charges and accrued income | 490/1 | €1,680 | €1,368 | -€312 | -18.6% |
| Total equity and liabilities | 10/49 | €20,102 | €51,009 | +€30,906 | +153.7% |
| Equity | 10/15 | €2,470 | €37,921 | +€35,451 | +1435.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,590 | €29,861 | +€35,451 | |
| Amounts payable | 17/49 | €17,632 | €13,088 | -€4,545 | -25.8% |
| Amounts payable within one year | 42/48 | €17,632 | €13,088 | -€4,545 | -25.8% |
| Trade debts | 44 | €10,316 | €7,504 | -€2,812 | -27.3% |
| Suppliers | 440/4 | €10,316 | €7,504 | -€2,812 | -27.3% |
| Taxes, remuneration and social security | 45 | €7,317 | €5,584 | -€1,733 | -23.7% |
| Taxes | 450/3 | €301 | €4,484 | +€4,183 | +1388.2% |
| Remuneration and social security | 454/9 | €7,016 | €1,100 | -€5,916 | -84.3% |
| Turnover | 70 | €88,604 | €113,100 | +€24,496 | +27.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,194 | €49,458 | +€30,264 | +157.7% |
| Remuneration, social security and pensions | 62 | €56,565 | €8,224 | -€48,340 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,230 | €5,369 | +€2,140 | +66.3% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €69,410 | €63,642 | -€5,768 | -8.3% |
| Operating profit (loss) | 9901 | €9,231 | €49,661 | +€40,430 | +438.0% |
| Financial income | 75/76B | €45 | €25 | -€20 | -44.3% |
| Recurring financial income | 75 | €45 | €25 | -€20 | -44.3% |
| Financial charges | 65/66B | €72 | €60 | -€12 | -16.7% |
| Recurring financial charges | 65 | €72 | €60 | -€12 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €9,205 | €49,626 | +€40,422 | +439.1% |
| Income taxes | 67/77 | €301 | €14,175 | +€13,874 | +4604.5% |
| Profit (loss) for the period | 9904 | €8,903 | €35,451 | +€26,548 | +298.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,903 | €35,451 | +€26,548 | +298.2% |
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 5 October 2026 via checked.be.