Foederer Accountants: 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.
What changed
Foederer Accountants
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,584
2024 · €30,264+€320
Equity
€29,554
2024 · €28,970+€584
Cash
€323,224
2024 · €154,820+€168,404
Balance sheet total
€5.5m
2024 · €5.8m-€330,052
Largest movements
Assets
- Financial fixed assets -€468,509
down €468,509 (-20.0%), from €2.3m to €1.9m
of which Affiliated companies: -€468,909
- Cash +€168,404
up €168,404 (+109%), from €154,820 to €323,224
mainly Trade debts (+€627,332) and Investment in fixed assets (net) (+€468,509)
- Deferred charges and accrued income -€59,223
down €59,223 (-45.8%), from €129,198 to €69,976
Equity and liabilities
- Trade debts +€627,332
up €627,332 (+107%), from €585,839 to €1.2m
- Debts after one year -€499,915
down €499,915 (-66.1%), from €756,474 to €256,559
- Short-term financial debts -€350,000
down €350,000 (-36.8%), from €950,000 to €600,000
- Other debts -€63,589
down €63,589 (-2.2%), from €2.8m to €2.8m
Income statement
- Turnover +€497,048
up €497,048 (+5.7%), from €8.7m to €9.2m
- Services and other goods +€464,357
up €464,357 (+6.0%), from €7.8m to €8.3m
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
€30,264
Turnover
+€497,048
Other operating income
-€2,190
Goods and materials
-€44,216
Services and other goods
-€464,357
Depreciation
+€3,076
Write-downs
+€25,718
Other operating charges
-€11,489
Financial income
-€14,971
Financial charges
+€12,023
Taxes
-€321
Result 2025
€30,584
raises the resultlowers the result
Derived cash bridge
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
+€593,615
Investment
+€468,509
Financing
-€893,721
Cash 2024
€154,820
From operations (derived)
+€593,615
Net result for the year
+€30,584
Depreciation
+€26,016
Receivables within one year
-€55,292
Deferred charges and accrued income
+€59,223
Trade debts
+€627,332
Tax, wage and social debts
+€6,722
Other debts
-€63,589
Accrued charges and deferred income
-€37,380
Investment (derived)
+€468,509
Investment in fixed assets (net)
+€468,509
Financing
-€893,721
Debts after one year
-€499,915
Current portion of long-term debt
-€13,805
Short-term financial debts
-€350,000
Contributions, distributions and other
-€30,000
Cash 2025
€323,224
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,810,445 | €5,480,392 | -€330,052 | -5.7% |
| Fixed assets | 21/28 | €2,532,813 | €2,038,288 | -€494,525 | -19.5% |
| Intangible fixed assets | 21 | €1,554 | €0 | -€1,554 | -100% |
| Tangible fixed assets | 22/27 | €186,714 | €162,252 | -€24,462 | -13.1% |
| Other tangible fixed assets | 26 | €186,714 | €162,252 | -€24,462 | -13.1% |
| Financial fixed assets | 28 | €2,344,544 | €1,876,035 | -€468,509 | -20.0% |
| Affiliated companies | 280/1 | €2,344,544 | €1,875,635 | -€468,909 | -20.0% |
| Participating interests | 280 | €2,344,544 | €1,875,635 | -€468,909 | -20.0% |
| Other financial fixed assets | 284/8 | - | €400 | +€400 | |
| Amounts receivable and cash guarantees | 285/8 | - | €400 | +€400 | |
| Current assets | 29/58 | €3,277,632 | €3,442,104 | +€164,473 | +5.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,993,613 | €3,048,905 | +€55,292 | +1.8% |
| Trade receivables | 40 | €2,959,890 | €3,021,385 | +€61,495 | +2.1% |
| Other amounts receivable | 41 | €33,723 | €27,520 | -€6,203 | -18.4% |
| Cash at bank and in hand | 54/58 | €154,820 | €323,224 | +€168,404 | +109% |
| Deferred charges and accrued income | 490/1 | €129,198 | €69,976 | -€59,223 | -45.8% |
| Total equity and liabilities | 10/49 | €5,810,445 | €5,480,392 | -€330,052 | -5.7% |
| Equity | 10/15 | €28,970 | €29,554 | +€584 | +2.0% |
| Contributions | 10/11 | €19,722 | €19,722 | = | 0.0% |
| Reserves | 13 | €1,972 | €1,972 | = | 0.0% |
| Distributable reserves | 133 | €1,972 | €1,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,275 | €7,859 | +€584 | +8.0% |
| Amounts payable | 17/49 | €5,781,475 | €5,450,839 | -€330,636 | -5.7% |
| Amounts payable after more than one year | 17 | €756,474 | €256,559 | -€499,915 | -66.1% |
| Financial debts | 170/4 | €756,474 | €256,559 | -€499,915 | -66.1% |
| Subordinated loans | 170 | €0 | - | = | |
| Credit institutions | 173 | €656,474 | €156,559 | -€499,915 | -76.2% |
| Other loans | 174 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,908,944 | €5,115,603 | +€206,659 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €513,721 | €499,915 | -€13,805 | -2.7% |
| Financial debts | 43 | €950,000 | €600,000 | -€350,000 | -36.8% |
| Credit institutions | 430/8 | €950,000 | €600,000 | -€350,000 | -36.8% |
| Trade debts | 44 | €585,839 | €1,213,170 | +€627,332 | +107% |
| Suppliers | 440/4 | €585,839 | €1,213,170 | +€627,332 | +107% |
| Taxes, remuneration and social security | 45 | €11,954 | €18,676 | +€6,722 | +56.2% |
| Taxes | 450/3 | €11,954 | €18,676 | +€6,722 | +56.2% |
| Other amounts payable | 47/48 | €2,847,431 | €2,783,841 | -€63,589 | -2.2% |
| Accrued charges and deferred income | 492/3 | €116,056 | €78,677 | -€37,380 | -32.2% |
| Operating income | 70/76A | €8,677,310 | €9,172,169 | +€494,858 | +5.7% |
| Turnover | 70 | €8,675,120 | €9,172,169 | +€497,048 | +5.7% |
| Other operating income | 74 | €2,190 | €0 | -€2,190 | -100% |
| Operating charges | 60/66A | €7,972,777 | €8,464,046 | +€491,269 | +6.2% |
| Goods for resale, raw materials and consumables | 60 | €144,868 | €189,084 | +€44,216 | +30.5% |
| Purchases | 600/8 | €144,868 | €189,084 | +€44,216 | +30.5% |
| Services and other goods | 61 | €7,797,757 | €8,262,114 | +€464,357 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,092 | €26,016 | -€3,076 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,551 | -€28,268 | -€25,718 | -1,008% |
| Other operating charges | 640/8 | €3,611 | €15,100 | +€11,489 | +318% |
| Operating profit (loss) | 9901 | €704,534 | €708,123 | +€3,589 | +0.5% |
| Financial income | 75/76B | €21,912 | €6,941 | -€14,971 | -68.3% |
| Recurring financial income | 75 | €21,912 | €6,941 | -€14,971 | -68.3% |
| Other financial income | 752/9 | €21,912 | €6,941 | -€14,971 | -68.3% |
| Financial charges | 65/66B | €529,774 | €517,751 | -€12,023 | -2.3% |
| Recurring financial charges | 65 | €60,865 | €48,843 | -€12,023 | -19.8% |
| Debt charges | 650 | €58,769 | €43,885 | -€14,884 | -25.3% |
| Other financial charges | 652/9 | €2,096 | €4,958 | +€2,862 | +137% |
| Non-recurring financial charges | 66B | €468,909 | €468,909 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €196,672 | €197,313 | +€641 | +0.3% |
| Income taxes | 67/77 | €166,408 | €166,729 | +€321 | +0.2% |
| Taxes | 670/3 | €166,408 | €166,729 | +€321 | +0.2% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €30,264 | €30,584 | +€320 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,264 | €30,584 | +€320 | +1.1% |
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 30 October 2026 via checked.be.