Fodec Management: 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.
Fodec Management
Largest movements
- Tangible fixed assets -€42,317
down €42,317 (-20.8%), from €203,453 to €161,136
- Receivables within one year -€16,633
down €16,633 (-4.8%), from €348,609 to €331,975
of which Trade receivables: -€89,947
- Deferred charges and accrued income -€7,739
down €7,739 (-36.6%), from €21,127 to €13,388
- Reserves -€54,495
down €54,495 (-100.0%), from €54,500 to €5
- Other debts +€45,467
up €45,467 (+8.8%), from €515,533 to €561,000
- Trade debts -€34,895
down €34,895 (-67.3%), from €51,824 to €16,929
- Tax, wage and social debts -€28,275
down €28,275 (-24.8%), from €113,918 to €85,644
- Gross operating margin +€47,352
up €47,352 (+5.1%), from €937,112 to €984,464
- Staff costs +€39,871
up €39,871 (+136.4%), from €29,225 to €69,095
- Taxes -€24,052
down €24,052 (-10.4%), from €230,748 to €206,696
- Depreciation +€22,642
up €22,642 (+93.1%), from €24,330 to €46,972
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 | €740,276 | €668,582 | -€71,693 | -9.7% |
| Fixed assets | 21/28 | €203,453 | €161,136 | -€42,317 | -20.8% |
| Tangible fixed assets | 22/27 | €203,453 | €161,136 | -€42,317 | -20.8% |
| Furniture and vehicles | 24 | €203,453 | €161,136 | -€42,317 | -20.8% |
| Current assets | 29/58 | €536,823 | €507,446 | -€29,377 | -5.5% |
| Amounts receivable within one year | 40/41 | €348,609 | €331,975 | -€16,633 | -4.8% |
| Trade receivables | 40 | €348,609 | €258,662 | -€89,947 | -25.8% |
| Other amounts receivable | 41 | - | €73,313 | +€73,313 | |
| Cash at bank and in hand | 54/58 | €167,087 | €162,083 | -€5,004 | -3.0% |
| Deferred charges and accrued income | 490/1 | €21,127 | €13,388 | -€7,739 | -36.6% |
| Total equity and liabilities | 10/49 | €740,276 | €668,582 | -€71,693 | -9.7% |
| Equity | 10/15 | €59,000 | €4,505 | -€54,495 | -92.4% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €54,500 | €5 | -€54,495 | -100.0% |
| Distributable reserves | 133 | €54,500 | €5 | -€54,495 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €681,276 | €664,077 | -€17,199 | -2.5% |
| Amounts payable within one year | 42/48 | €681,276 | €663,573 | -€17,703 | -2.6% |
| Trade debts | 44 | €51,824 | €16,929 | -€34,895 | -67.3% |
| Suppliers | 440/4 | €51,824 | €16,929 | -€34,895 | -67.3% |
| Taxes, remuneration and social security | 45 | €113,918 | €85,644 | -€28,275 | -24.8% |
| Taxes | 450/3 | €113,918 | €85,644 | -€28,275 | -24.8% |
| Other amounts payable | 47/48 | €515,533 | €561,000 | +€45,467 | +8.8% |
| Accrued charges and deferred income | 492/3 | - | €504 | +€504 | |
| Non-recurring operating income | 76A | - | €58,574 | +€58,574 | |
| Remuneration, social security and pensions | 62 | €29,225 | €69,095 | +€39,871 | +136.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,330 | €46,972 | +€22,642 | +93.1% |
| Other operating charges | 640/8 | €1,091 | €1,150 | +€59 | +5.4% |
| Gross operating margin | 9900 | €937,112 | €984,464 | +€47,352 | +5.1% |
| Operating profit (loss) | 9901 | €882,466 | €867,247 | -€15,219 | -1.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €5,585 | €545 | -€5,039 | -90.2% |
| Recurring financial charges | 65 | €5,585 | €545 | -€5,039 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €876,881 | €866,702 | -€10,180 | -1.2% |
| Income taxes | 67/77 | €230,748 | €206,696 | -€24,052 | -10.4% |
| Profit (loss) for the period | 9904 | €646,133 | €660,005 | +€13,872 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €646,133 | €660,005 | +€13,872 | +2.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.