FIEGE: 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.
What changed
FIEGE
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.8m
2024 · -€4.1m+€2.3m
Equity
-€5.5m
2024 · -€3.7m-€1.8m
Cash
€678,585
2024 · €719,364-€40,779
Balance sheet total
€11.7m
2024 · €10.3m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+19.7%), from €6.4m to €7.6m
of which Trade receivables: +€1.1m
- Deferred charges and accrued income +€259,216
up €259,216 (+115.6%), from €224,246 to €483,462
Equity and liabilities
- Debts after one year +€6.1m
up €6.1m (+199.9%), from €3.0m to €9.1m
- Trade debts -€2.5m
down €2.5m (-39.7%), from €6.3m to €3.8m
- Profit (loss) carried forward -€1.8m
down €1.8m (-39.1%), from -€4.7m to -€6.5m
- Short-term financial debts -€529,937
down €529,937 (-22.5%), from €2.4m to €1.8m
- Tax, wage and social debts +€235,398
up €235,398 (+16.0%), from €1.5m to €1.7m
of which Remuneration and social security: +€203,758
Income statement
- Turnover +€9.0m
up €9.0m (+44.7%), from €20.0m to €29.0m
- Services and other goods +€4.0m
up €4.0m (+25.8%), from €15.5m to €19.5m
- Staff costs +€2.0m
up €2.0m (+23.9%), from €8.3m to €10.2m
- Other operating charges +€572,877
up €572,877 (+39.6%), from €1.4m to €2.0m
- Other operating income +€417,683
up €417,683 (+24.2%), from €1.7m to €2.1m
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.
Result 2024
-€4.1m
Turnover
+€9.0m
Other operating income
+€417,683
Goods and materials
+€16,628
Services and other goods
-€4.0m
Staff costs
-€2.0m
Depreciation
-€277,444
Provisions
+€42,368
Other operating charges
-€572,877
Financial income
+€7,849
Financial charges
-€313,489
Taxes
-€7,608
Result 2025
-€1.8m
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.
From operations
-€5.0m
Investment
-€555,946
Financing
+€5.6m
Cash 2024
€719,364
From operations (derived)
-€5.0m
Net result for the year
-€1.8m
Depreciation
+€644,915
Smaller working-capital items
-€13,169
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€259,216
Provisions
+€56,915
Trade debts
-€2.5m
Tax, wage and social debts
+€235,398
Accrued charges and deferred income
-€107,515
Investment (derived)
-€555,946
Investment in fixed assets (net)
-€555,946
Financing
+€5.6m
Debts after one year
+€6.1m
Current portion of long-term debt
+€33,956
Short-term financial debts
-€529,937
Contributions, distributions and other
-€1
Cash 2025
€678,585
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,255,585 | €11,656,949 | +€1.4m | +13.7% |
| Fixed assets | 21/28 | €2,861,813 | €2,772,844 | -€88,969 | -3.1% |
| Intangible fixed assets | 21 | €135,315 | €108,206 | -€27,108 | -20.0% |
| Tangible fixed assets | 22/27 | €2,726,498 | €2,664,638 | -€61,861 | -2.3% |
| Plant, machinery and equipment | 23 | €21,206 | €42,901 | +€21,695 | +102.3% |
| Furniture and vehicles | 24 | €962,155 | €941,920 | -€20,236 | -2.1% |
| Leasing and similar rights | 25 | €1,743,137 | €1,679,817 | -€63,320 | -3.6% |
| Current assets | 29/58 | €7,393,771 | €8,884,105 | +€1.5m | +20.2% |
| Amounts receivable after more than one year | 29 | - | €6,841 | +€6,841 | |
| Other amounts receivable | 291 | - | €6,841 | +€6,841 | |
| Stocks and contracts in progress | 3 | €59,948 | €66,277 | +€6,328 | +10.6% |
| Stocks | 30/36 | €59,948 | €66,277 | +€6,328 | +10.6% |
| Goods purchased for resale | 34 | €59,948 | €66,277 | +€6,328 | +10.6% |
| Amounts receivable within one year | 40/41 | €6,390,213 | €7,648,940 | +€1.3m | +19.7% |
| Trade receivables | 40 | €6,344,804 | €7,442,365 | +€1.1m | +17.3% |
| Other amounts receivable | 41 | €45,409 | €206,575 | +€161,166 | +354.9% |
| Cash at bank and in hand | 54/58 | €719,364 | €678,585 | -€40,779 | -5.7% |
| Deferred charges and accrued income | 490/1 | €224,246 | €483,462 | +€259,216 | +115.6% |
| Total equity and liabilities | 10/49 | €10,255,585 | €11,656,949 | +€1.4m | +13.7% |
| Equity | 10/15 | -€3,692,678 | -€5,516,593 | -€1.8m | -49.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €217,400 | €217,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €142,400 | €142,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,660,078 | -€6,483,993 | -€1.8m | -39.1% |
| Provisions and deferred taxes | 16 | €188,443 | €245,358 | +€56,915 | +30.2% |
| Provisions for liabilities and charges | 160/5 | €188,443 | €245,358 | +€56,915 | +30.2% |
| Other liabilities and charges | 164/5 | €188,443 | €245,358 | +€56,915 | +30.2% |
| Amounts payable | 17/49 | €13,759,820 | €16,928,184 | +€3.2m | +23.0% |
| Amounts payable after more than one year | 17 | €3,028,699 | €9,082,147 | +€6.1m | +199.9% |
| Financial debts | 170/4 | €3,028,699 | €9,082,147 | +€6.1m | +199.9% |
| Leasing and similar obligations | 172 | €573,019 | €499,490 | -€73,529 | -12.8% |
| Credit institutions | 173 | €255,680 | €332,658 | +€76,978 | +30.1% |
| Other loans | 174 | €2,200,000 | €8,250,000 | +€6.1m | +275.0% |
| Amounts payable within one year | 42/48 | €10,617,167 | €7,839,598 | -€2.8m | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €441,199 | €475,155 | +€33,956 | +7.7% |
| Financial debts | 43 | €2,360,495 | €1,830,558 | -€529,937 | -22.5% |
| Credit institutions | 430/8 | €2,360,495 | €1,830,558 | -€529,937 | -22.5% |
| Trade debts | 44 | €6,347,695 | €3,830,710 | -€2.5m | -39.7% |
| Suppliers | 440/4 | €6,347,695 | €3,830,710 | -€2.5m | -39.7% |
| Taxes, remuneration and social security | 45 | €1,467,778 | €1,703,176 | +€235,398 | +16.0% |
| Taxes | 450/3 | €84,404 | €116,044 | +€31,640 | +37.5% |
| Remuneration and social security | 454/9 | €1,383,374 | €1,587,132 | +€203,758 | +14.7% |
| Accrued charges and deferred income | 492/3 | €113,954 | €6,438 | -€107,515 | -94.3% |
| Operating income | 70/76A | €21,775,954 | €31,155,726 | +€9.4m | +43.1% |
| Turnover | 70 | €20,047,846 | €29,009,936 | +€9.0m | +44.7% |
| Other operating income | 74 | €1,728,107 | €2,145,790 | +€417,683 | +24.2% |
| Operating charges | 60/66A | €25,667,342 | €32,425,660 | +€6.8m | +26.3% |
| Goods for resale, raw materials and consumables | 60 | €10,300 | -€6,328 | -€16,628 | |
| Change in stocks: decrease (increase) | 609 | €10,300 | -€6,328 | -€16,628 | |
| Services and other goods | 61 | €15,485,048 | €19,477,047 | +€4.0m | +25.8% |
| Remuneration, social security and pensions | 62 | €8,257,885 | €10,232,878 | +€2.0m | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367,470 | €644,915 | +€277,444 | +75.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €99,283 | €56,915 | -€42,368 | -42.7% |
| Other operating charges | 640/8 | €1,447,357 | €2,020,234 | +€572,877 | +39.6% |
| Operating profit (loss) | 9901 | -€3,891,388 | -€1,269,934 | +€2.6m | +67.4% |
| Financial income | 75/76B | €1 | €7,849 | +€7,849 | +1427030.9% |
| Recurring financial income | 75 | €1 | €7,849 | +€7,849 | +1427030.9% |
| Other financial income | 752/9 | €1 | €7,849 | +€7,849 | +1427030.9% |
| Financial charges | 65/66B | €218,829 | €532,318 | +€313,489 | +143.3% |
| Recurring financial charges | 65 | €217,688 | €532,318 | +€314,630 | +144.5% |
| Debt charges | 650 | €211,681 | €521,114 | +€309,433 | +146.2% |
| Other financial charges | 652/9 | €6,007 | €11,205 | +€5,198 | +86.5% |
| Non-recurring financial charges | 66B | €1,141 | €0 | -€1,141 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,110,216 | -€1,794,403 | +€2.3m | +56.3% |
| Income taxes | 67/77 | €21,903 | €29,511 | +€7,608 | +34.7% |
| Taxes | 670/3 | €21,903 | €29,511 | +€7,608 | +34.7% |
| Profit (loss) for the period | 9904 | -€4,132,119 | -€1,823,914 | +€2.3m | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,132,119 | -€1,823,914 | +€2.3m | +55.9% |
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.