Fevery-Dewitte: 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.
Fevery-Dewitte
Largest movements
- Receivables within one year +€175,616
up €175,616 (+233.9%), from €75,085 to €250,701
of which Other amounts receivable: +€106,214
- Current investments -€38,000
no longer reported in 2025 (was €38,000)
- Cash +€13,682
up €13,682 (+3.5%), from €393,731 to €407,413
mainly Debts after one year (+€125,000) and Net result for the year (+€124,456)
- Debts after one year +€125,000
new in 2025: €125,000
- Other debts +€50,000
up €50,000 (+46.5%), from €107,500 to €157,500
- Reserves -€25,000
down €25,000 (-6.4%), from €390,800 to €365,800
of which Distributable reserves: -€25,000
- Gross operating margin +€28,313
up €28,313 (+9.0%), from €316,005 to €344,318
- Staff costs +€10,409
up €10,409 (+6.3%), from €165,027 to €175,437
- Taxes +€5,172
up €5,172 (+25.6%), from €20,233 to €25,405
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.
Cash bridge derived
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 | €709,583 | €856,740 | +€147,157 | +20.7% |
| Fixed assets | 21/28 | €27,099 | €16,602 | -€10,497 | -38.7% |
| Intangible fixed assets | 21 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Tangible fixed assets | 22/27 | €14,599 | €6,602 | -€7,997 | -54.8% |
| Land and buildings | 22 | €3,437 | €929 | -€2,508 | -73.0% |
| Plant, machinery and equipment | 23 | €6,902 | €3,297 | -€3,605 | -52.2% |
| Furniture and vehicles | 24 | €4,260 | €2,376 | -€1,884 | -44.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €682,484 | €840,138 | +€157,654 | +23.1% |
| Stocks and contracts in progress | 3 | €164,205 | €168,967 | +€4,762 | +2.9% |
| Stocks | 30/36 | €164,205 | €168,967 | +€4,762 | +2.9% |
| Amounts receivable within one year | 40/41 | €75,085 | €250,701 | +€175,616 | +233.9% |
| Trade receivables | 40 | €70,329 | €139,731 | +€69,402 | +98.7% |
| Other amounts receivable | 41 | €4,756 | €110,970 | +€106,214 | +2233.3% |
| Current investments | 50/53 | €38,000 | - | -€38,000 | |
| Cash at bank and in hand | 54/58 | €393,731 | €407,413 | +€13,682 | +3.5% |
| Deferred charges and accrued income | 490/1 | €11,463 | €13,057 | +€1,593 | +13.9% |
| Total equity and liabilities | 10/49 | €709,583 | €856,740 | +€147,157 | +20.7% |
| Equity | 10/15 | €425,595 | €392,551 | -€33,044 | -7.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €390,800 | €365,800 | -€25,000 | -6.4% |
| Tax-exempt reserves | 132 | €53,300 | €53,300 | = | 0.0% |
| Distributable reserves | 133 | €337,500 | €312,500 | -€25,000 | -7.4% |
| Profit (loss) carried forward | 14 | €9,795 | €1,751 | -€8,044 | -82.1% |
| Amounts payable | 17/49 | €283,988 | €464,189 | +€180,201 | +63.5% |
| Amounts payable after more than one year | 17 | - | €125,000 | +€125,000 | |
| Financial debts | 170/4 | - | €125,000 | +€125,000 | |
| Amounts payable within one year | 42/48 | €279,446 | €332,439 | +€52,993 | +19.0% |
| Trade debts | 44 | €145,460 | €142,459 | -€3,001 | -2.1% |
| Suppliers | 440/4 | €145,460 | €142,459 | -€3,001 | -2.1% |
| Taxes, remuneration and social security | 45 | €26,486 | €32,481 | +€5,995 | +22.6% |
| Taxes | 450/3 | €2,250 | €519 | -€1,731 | -76.9% |
| Remuneration and social security | 454/9 | €24,236 | €31,962 | +€7,726 | +31.9% |
| Other amounts payable | 47/48 | €107,500 | €157,500 | +€50,000 | +46.5% |
| Accrued charges and deferred income | 492/3 | €4,542 | €6,750 | +€2,208 | +48.6% |
| Remuneration, social security and pensions | 62 | €165,027 | €175,437 | +€10,409 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,436 | €10,497 | -€1,939 | -15.6% |
| Other operating charges | 640/8 | €570 | €528 | -€43 | -7.5% |
| Gross operating margin | 9900 | €316,005 | €344,318 | +€28,313 | +9.0% |
| Operating profit (loss) | 9901 | €137,971 | €157,856 | +€19,886 | +14.4% |
| Financial income | 75/76B | €5,832 | €3,949 | -€1,883 | -32.3% |
| Recurring financial income | 75 | €5,832 | €3,949 | -€1,883 | -32.3% |
| Financial charges | 65/66B | €8,591 | €11,945 | +€3,354 | +39.0% |
| Recurring financial charges | 65 | €8,591 | €11,945 | +€3,354 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €135,212 | €149,860 | +€14,649 | +10.8% |
| Income taxes | 67/77 | €20,233 | €25,405 | +€5,172 | +25.6% |
| Profit (loss) for the period | 9904 | €114,979 | €124,456 | +€9,477 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,979 | €124,456 | +€9,477 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.