FERNANDEL: 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.
FERNANDEL
Largest movements
- Cash -€12,755
down €12,755 (-69.1%), from €18,449 to €5,694
mainly Trade debts (-€43,529) and Tax, wage and social debts (-€4,014)
- Receivables within one year -€11,236
down €11,236 (-26.3%), from €42,645 to €31,409
of which Other amounts receivable: -€13,062
- Intangible fixed assets -€6,000
down €6,000 (-33.3%), from €18,000 to €12,000
- Stocks and contracts -€4,601
no longer reported in 2024 (was €4,601)
- Trade debts -€43,529
no longer reported in 2024 (was €43,529)
of which Suppliers: -€32,177
- Profit (loss) carried forward +€14,958
up €14,958 (+129.0%), from €11,599 to €26,557
- Tax, wage and social debts -€4,014
down €4,014 (-36.6%), from €10,971 to €6,957
of which Remuneration and social security: -€2,556
- Short-term financial debts -€2,813
no longer reported in 2024 (was €2,813)
- Purchases and services -€52,462
down €52,462 (-59.5%), from €88,127 to €35,665
- Turnover -€37,180
down €37,180 (-40.4%), from €91,977 to €54,797
- Gross operating margin +€15,160
up €15,160 (+261.5%), from €5,798 to €20,958
- Depreciation -€3,068
down €3,068 (-33.8%), from €9,068 to €6,000
- Financial charges -€2,712
no longer reported in 2024 (was €2,712)
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 | €89,372 | €53,974 | -€35,398 | -39.6% |
| Fixed assets | 21/28 | €23,677 | €16,871 | -€6,806 | -28.7% |
| Intangible fixed assets | 21 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Financial fixed assets | 28 | €5,677 | €4,871 | -€806 | -14.2% |
| Current assets | 29/58 | €65,695 | €37,103 | -€28,592 | -43.5% |
| Stocks and contracts in progress | 3 | €4,601 | - | -€4,601 | |
| Stocks | 30/36 | €4,601 | - | -€4,601 | |
| Amounts receivable within one year | 40/41 | €42,645 | €31,409 | -€11,236 | -26.3% |
| Trade receivables | 40 | €1,949 | €3,775 | +€1,826 | +93.7% |
| Other amounts receivable | 41 | €40,696 | €27,634 | -€13,062 | -32.1% |
| Cash at bank and in hand | 54/58 | €18,449 | €5,694 | -€12,755 | -69.1% |
| Total equity and liabilities | 10/49 | €89,372 | €53,974 | -€35,398 | -39.6% |
| Equity | 10/15 | €32,059 | €47,017 | +€14,958 | +46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €11,599 | €26,557 | +€14,958 | +129.0% |
| Amounts payable | 17/49 | €57,313 | €6,957 | -€50,356 | -87.9% |
| Amounts payable within one year | 42/48 | €57,313 | €6,957 | -€50,356 | -87.9% |
| Financial debts | 43 | €2,813 | - | -€2,813 | |
| Credit institutions | 430/8 | €2,813 | - | -€2,813 | |
| Trade debts | 44 | €43,529 | - | -€43,529 | |
| Suppliers | 440/4 | €32,177 | - | -€32,177 | |
| Bills of exchange payable | 441 | €11,352 | - | -€11,352 | |
| Taxes, remuneration and social security | 45 | €10,971 | €6,957 | -€4,014 | -36.6% |
| Taxes | 450/3 | €8,415 | €6,957 | -€1,458 | -17.3% |
| Remuneration and social security | 454/9 | €2,556 | - | -€2,556 | |
| Turnover | 70 | €91,977 | €54,797 | -€37,180 | -40.4% |
| Non-recurring operating income | 76A | €1,948 | €1,826 | -€122 | -6.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €88,127 | €35,665 | -€52,462 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,068 | €6,000 | -€3,068 | -33.8% |
| Other operating charges | 640/8 | €45 | - | -€45 | |
| Gross operating margin | 9900 | €5,798 | €20,958 | +€15,160 | +261.5% |
| Operating profit (loss) | 9901 | -€3,315 | €14,958 | +€18,273 | |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €2,712 | - | -€2,712 | |
| Recurring financial charges | 65 | €2,712 | - | -€2,712 | |
| Profit (loss) for the period before taxes | 9903 | -€6,006 | €14,958 | +€20,964 | |
| Profit (loss) for the period | 9904 | -€6,006 | €14,958 | +€20,964 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,006 | €14,958 | +€20,964 |
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 29 September 2026 via checked.be.