FIEDEC: 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.
FIEDEC
Largest movements
- Tangible fixed assets -€60,943
down €60,943 (-18.0%), from €339,064 to €278,121
of which Land and buildings: -€51,548
- Cash +€24,644
up €24,644 (+24.9%), from €98,832 to €123,476
mainly Depreciation (+€60,943) and Accrued charges and deferred income (+€30,313)
- Profit (loss) carried forward -€34,127
down €34,127, from €17,372 to -€16,755
- Accrued charges and deferred income +€30,313
new in 2024: €30,313
- Debts after one year -€16,332
down €16,332 (-7.3%), from €224,449 to €208,117
of which Other amounts payable: -€8,960
- Reserves -€11,273
down €11,273 (-10.0%), from €112,555 to €101,282
of which Tax-exempt reserves: -€11,273
- Financial income -€44,127
down €44,127 (-98.9%), from €44,625 to €498
- Depreciation +€34,948
up €34,948 (+134%), from €25,995 to €60,943
- Financial charges +€31,365
up €31,365 (+4,538%), from €691 to €32,056
- Write-downs +€4,201
new in 2024: €4,201
- Taxes -€3,484
down €3,484 (-95.6%), from €3,645 to €161
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.
Derived cash bridge
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 | €441,120 | €405,372 | -€35,747 | -8.1% |
| Fixed assets | 21/28 | €339,064 | €278,121 | -€60,943 | -18.0% |
| Tangible fixed assets | 22/27 | €339,064 | €278,121 | -€60,943 | -18.0% |
| Land and buildings | 22 | €293,118 | €241,571 | -€51,548 | -17.6% |
| Furniture and vehicles | 24 | €45,945 | €36,550 | -€9,395 | -20.4% |
| Current assets | 29/58 | €102,056 | €127,251 | +€25,195 | +24.7% |
| Amounts receivable within one year | 40/41 | €680 | €19 | -€661 | -97.3% |
| Trade receivables | 40 | €661 | €0 | -€661 | -100% |
| Other amounts receivable | 41 | €19 | €19 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,832 | €123,476 | +€24,644 | +24.9% |
| Deferred charges and accrued income | 490/1 | €2,544 | €3,757 | +€1,213 | +47.7% |
| Total equity and liabilities | 10/49 | €441,120 | €405,372 | -€35,747 | -8.1% |
| Equity | 10/15 | €191,927 | €146,527 | -€45,400 | -23.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €112,555 | €101,282 | -€11,273 | -10.0% |
| Non-distributable reserves | 130/1 | €10,500 | €10,500 | = | 0.0% |
| Legal reserve | 130 | €10,500 | €10,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,200 | €29,927 | -€11,273 | -27.4% |
| Distributable reserves | 133 | €60,855 | €60,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,372 | -€16,755 | -€34,127 | |
| Provisions and deferred taxes | 16 | €13,733 | €9,972 | -€3,761 | -27.4% |
| Deferred taxes | 168 | €13,733 | €9,972 | -€3,761 | -27.4% |
| Amounts payable | 17/49 | €235,459 | €248,872 | +€13,413 | +5.7% |
| Amounts payable after more than one year | 17 | €224,449 | €208,117 | -€16,332 | -7.3% |
| Financial debts | 170/4 | €30,881 | €23,509 | -€7,372 | -23.9% |
| Other amounts payable | 178/9 | €193,568 | €184,608 | -€8,960 | -4.6% |
| Amounts payable within one year | 42/48 | €11,010 | €10,443 | -€567 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €7,046 | €7,372 | +€326 | +4.6% |
| Trade debts | 44 | €199 | €899 | +€699 | +351% |
| Suppliers | 440/4 | €199 | €899 | +€699 | +351% |
| Taxes, remuneration and social security | 45 | €3,765 | €2,172 | -€1,593 | -42.3% |
| Taxes | 450/3 | €3,765 | €2,172 | -€1,593 | -42.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €30,313 | +€30,313 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,995 | €60,943 | +€34,948 | +134% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,201 | +€4,201 | |
| Other operating charges | 640/8 | €8,817 | €9,389 | +€572 | +6.5% |
| Gross operating margin | 9900 | €54,398 | €57,092 | +€2,694 | +5.0% |
| Operating profit (loss) | 9901 | €19,586 | -€17,442 | -€37,028 | |
| Financial income | 75/76B | €44,625 | €498 | -€44,127 | -98.9% |
| Recurring financial income | 75 | €44,625 | €498 | -€44,127 | -98.9% |
| Financial charges | 65/66B | €691 | €32,056 | +€31,365 | +4,538% |
| Recurring financial charges | 65 | €691 | €32,056 | +€31,365 | +4,538% |
| Profit (loss) for the period before taxes | 9903 | €63,520 | -€49,000 | -€112,520 | |
| Transfer from deferred taxes | 780 | - | €3,761 | +€3,761 | |
| Income taxes | 67/77 | €3,645 | €161 | -€3,484 | -95.6% |
| Profit (loss) for the period | 9904 | €59,875 | -€45,400 | -€105,275 | |
| Transfer from tax-exempt reserves | 789 | - | €11,273 | +€11,273 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,875 | -€34,127 | -€94,002 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.