FEVAL: 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.
FEVAL
Largest movements
- Tangible fixed assets -€53,508
down €53,508 (-6.6%), from €810,928 to €757,420
of which Furniture and vehicles: -€53,079
- Cash -€14,972
down €14,972 (-16.6%), from €90,212 to €75,239
mainly Debts after one year (-€191,280) and Investment in fixed assets (net) (-€129,795)
- Receivables within one year +€14,279
up €14,279 (+27.2%), from €52,576 to €66,855
of which Other amounts receivable: +€19,718
- Trade debts +€326,374
up €326,374 (+2,573%), from €12,686 to €339,059
- Debts after one year -€191,280
down €191,280 (-37.5%), from €510,406 to €319,126
- Advances received -€83,662
no longer reported in 2024 (was €83,662)
- Profit (loss) carried forward -€68,774
down €68,774 (-37.0%), from €185,634 to €116,859
- Tax, wage and social debts -€32,550
down €32,550 (-33.3%), from €97,876 to €65,326
of which Taxes: -€25,109
- Purchases and services +€442,058
up €442,058 (+21.5%), from €2.1m to €2.5m
- Gross operating margin -€175,270
down €175,270 (-40.0%), from €438,250 to €262,979
- Turnover +€127,397
up €127,397 (+5.1%), from €2.5m to €2.6m
- Taxes -€35,380
down €35,380 (-76.9%), from €46,015 to €10,635
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 | €1,096,384 | €1,031,852 | -€64,532 | -5.9% |
| Fixed assets | 21/28 | €811,056 | €757,548 | -€53,508 | -6.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €810,928 | €757,420 | -€53,508 | -6.6% |
| Plant, machinery and equipment | 23 | €11,138 | €10,898 | -€241 | -2.2% |
| Furniture and vehicles | 24 | €326,083 | €273,005 | -€53,079 | -16.3% |
| Other tangible fixed assets | 26 | €473,706 | €473,517 | -€189 | 0.0% |
| Financial fixed assets | 28 | €128 | €128 | = | 0.0% |
| Current assets | 29/58 | €285,328 | €274,304 | -€11,025 | -3.9% |
| Stocks and contracts in progress | 3 | €136,386 | €126,055 | -€10,331 | -7.6% |
| Stocks | 30/36 | €136,386 | €126,055 | -€10,331 | -7.6% |
| Amounts receivable within one year | 40/41 | €52,576 | €66,855 | +€14,279 | +27.2% |
| Trade receivables | 40 | €44,612 | €39,173 | -€5,439 | -12.2% |
| Other amounts receivable | 41 | €7,964 | €27,682 | +€19,718 | +248% |
| Cash at bank and in hand | 54/58 | €90,212 | €75,239 | -€14,972 | -16.6% |
| Deferred charges and accrued income | 490/1 | €6,155 | €6,155 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,096,384 | €1,031,852 | -€64,532 | -5.9% |
| Equity | 10/15 | €228,679 | €159,905 | -€68,774 | -30.1% |
| Contributions | 10/11 | €17,200 | €17,200 | = | 0.0% |
| Capital | 10 | €17,200 | - | -€17,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €1,400 | - | -€1,400 | |
| Reserves | 13 | €25,845 | €25,845 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Tax-exempt reserves | 132 | €23,762 | €23,762 | = | 0.0% |
| Distributable reserves | 133 | €2,083 | €2,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,634 | €116,859 | -€68,774 | -37.0% |
| Provisions and deferred taxes | 16 | €12,238 | €12,238 | = | 0.0% |
| Deferred taxes | 168 | €12,238 | €12,238 | = | 0.0% |
| Amounts payable | 17/49 | €855,467 | €859,709 | +€4,242 | +0.5% |
| Amounts payable after more than one year | 17 | €510,406 | €319,126 | -€191,280 | -37.5% |
| Financial debts | 170/4 | €510,406 | €319,126 | -€191,280 | -37.5% |
| Amounts payable within one year | 42/48 | €345,061 | €540,583 | +€195,522 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | €128,188 | €124,884 | -€3,304 | -2.6% |
| Trade debts | 44 | €12,686 | €339,059 | +€326,374 | +2,573% |
| Suppliers | 440/4 | €12,686 | €339,059 | +€326,374 | +2,573% |
| Advances received on contracts in progress | 46 | €83,662 | - | -€83,662 | |
| Taxes, remuneration and social security | 45 | €97,876 | €65,326 | -€32,550 | -33.3% |
| Taxes | 450/3 | €69,697 | €44,588 | -€25,109 | -36.0% |
| Remuneration and social security | 454/9 | €28,179 | €20,738 | -€7,441 | -26.4% |
| Other amounts payable | 47/48 | €22,649 | €11,313 | -€11,336 | -50.1% |
| Turnover | 70 | €2,493,464 | €2,620,861 | +€127,397 | +5.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,055,214 | €2,497,272 | +€442,058 | +21.5% |
| Remuneration, social security and pensions | 62 | €112,011 | €101,550 | -€10,461 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,630 | €183,303 | +€20,674 | +12.7% |
| Other operating charges | 640/8 | €31,999 | €16,563 | -€15,436 | -48.2% |
| Non-recurring operating charges | 66A | €37,902 | - | -€37,902 | |
| Gross operating margin | 9900 | €438,250 | €262,979 | -€175,270 | -40.0% |
| Operating profit (loss) | 9901 | €93,708 | -€38,437 | -€132,145 | |
| Financial income | 75/76B | €199 | €5,737 | +€5,538 | +2,781% |
| Recurring financial income | 75 | €199 | €5,737 | +€5,538 | +2,781% |
| Financial charges | 65/66B | €25,807 | €25,439 | -€368 | -1.4% |
| Recurring financial charges | 65 | €25,807 | €25,439 | -€368 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €68,100 | -€58,139 | -€126,239 | |
| Income taxes | 67/77 | €46,015 | €10,635 | -€35,380 | -76.9% |
| Profit (loss) for the period | 9904 | €22,085 | -€68,774 | -€90,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,085 | -€68,774 | -€90,859 |
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 20 October 2026 via checked.be.