Da Fellini: 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.
Da Fellini
Largest movements
- Receivables after one year -€62,000
down €62,000 (-88.6%), from €70,000 to €8,000
- Receivables within one year +€58,337
up €58,337 (+88.9%), from €65,591 to €123,929
of which Other amounts receivable: +€58,872
- Tangible fixed assets -€24,274
down €24,274 (-17.2%), from €140,932 to €116,658
of which Furniture and vehicles: -€13,013
- Cash -€5,626
down €5,626 (-12.6%), from €44,529 to €38,904
mainly Receivables within one year (-€58,337) and Tax, wage and social debts (-€50,701)
- Tax, wage and social debts -€50,701
down €50,701 (-33.9%), from €149,536 to €98,835
of which Remuneration and social security: -€31,999
- Other debts +€31,450
up €31,450 (+1,233%), from €2,550 to €34,000
- Provisions +€29,454
new in 2025: €29,454
- Reserves -€23,392
down €23,392 (-33.7%), from €69,512 to €46,120
of which Distributable reserves: -€23,392
- Debts after one year -€11,180
down €11,180 (-21.0%), from €53,276 to €42,097
- Staff costs +€71,058
up €71,058 (+10.1%), from €705,245 to €776,304
- Provisions +€29,454
new in 2025: €29,454
- Taxes -€17,858
down €17,858 (-76.9%), from €23,223 to €5,365
- Financial income +€17,156
up €17,156 (+538%), from €3,190 to €20,347
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €391,075 | €360,745 | -€30,330 | -7.8% |
| Fixed assets | 21/28 | €146,932 | €122,658 | -€24,274 | -16.5% |
| Tangible fixed assets | 22/27 | €140,932 | €116,658 | -€24,274 | -17.2% |
| Land and buildings | 22 | €43,639 | €37,142 | -€6,497 | -14.9% |
| Plant, machinery and equipment | 23 | €64,853 | €60,090 | -€4,763 | -7.3% |
| Furniture and vehicles | 24 | €32,439 | €19,426 | -€13,013 | -40.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €244,144 | €238,087 | -€6,057 | -2.5% |
| Amounts receivable after more than one year | 29 | €70,000 | €8,000 | -€62,000 | -88.6% |
| Other amounts receivable | 291 | €70,000 | €8,000 | -€62,000 | -88.6% |
| Stocks and contracts in progress | 3 | €58,173 | €58,769 | +€596 | +1.0% |
| Stocks | 30/36 | €58,173 | €58,769 | +€596 | +1.0% |
| Amounts receivable within one year | 40/41 | €65,591 | €123,929 | +€58,337 | +88.9% |
| Trade receivables | 40 | €535 | - | -€535 | |
| Other amounts receivable | 41 | €65,057 | €123,929 | +€58,872 | +90.5% |
| Cash at bank and in hand | 54/58 | €44,529 | €38,904 | -€5,626 | -12.6% |
| Deferred charges and accrued income | 490/1 | €5,850 | €8,486 | +€2,636 | +45.1% |
| Total equity and liabilities | 10/49 | €391,075 | €360,745 | -€30,330 | -7.8% |
| Equity | 10/15 | €88,212 | €64,820 | -€23,392 | -26.5% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Contributions outside capital | 11 | €18,700 | €18,700 | = | 0.0% |
| Other | 1109/19 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €69,512 | €46,120 | -€23,392 | -33.7% |
| Non-distributable reserves | 130/1 | €1,870 | €1,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,870 | €1,870 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €25,542 | €2,150 | -€23,392 | -91.6% |
| Provisions and deferred taxes | 16 | - | €29,454 | +€29,454 | |
| Provisions for liabilities and charges | 160/5 | - | €29,454 | +€29,454 | |
| Other liabilities and charges | 164/5 | - | €29,454 | +€29,454 | |
| Amounts payable | 17/49 | €302,863 | €266,471 | -€36,392 | -12.0% |
| Amounts payable after more than one year | 17 | €53,276 | €42,097 | -€11,180 | -21.0% |
| Financial debts | 170/4 | €53,276 | €42,097 | -€11,180 | -21.0% |
| Amounts payable within one year | 42/48 | €246,332 | €221,375 | -€24,956 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €10,702 | €11,180 | +€478 | +4.5% |
| Trade debts | 44 | €75,400 | €71,157 | -€4,242 | -5.6% |
| Suppliers | 440/4 | €75,400 | €71,157 | -€4,242 | -5.6% |
| Advances received on contracts in progress | 46 | €8,144 | €6,203 | -€1,941 | -23.8% |
| Taxes, remuneration and social security | 45 | €149,536 | €98,835 | -€50,701 | -33.9% |
| Taxes | 450/3 | €61,362 | €42,661 | -€18,701 | -30.5% |
| Remuneration and social security | 454/9 | €88,174 | €56,174 | -€31,999 | -36.3% |
| Other amounts payable | 47/48 | €2,550 | €34,000 | +€31,450 | +1,233% |
| Accrued charges and deferred income | 492/3 | €3,255 | €2,999 | -€256 | -7.9% |
| Remuneration, social security and pensions | 62 | €705,245 | €776,304 | +€71,058 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,521 | €43,800 | +€6,279 | +16.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €29,454 | +€29,454 | |
| Other operating charges | 640/8 | €10,731 | €4,433 | -€6,298 | -58.7% |
| Gross operating margin | 9900 | €866,123 | €871,002 | +€4,878 | +0.6% |
| Operating profit (loss) | 9901 | €112,626 | €17,011 | -€95,615 | -84.9% |
| Financial income | 75/76B | €3,190 | €20,347 | +€17,156 | +538% |
| Recurring financial income | 75 | €3,190 | €20,347 | +€17,156 | +538% |
| Financial charges | 65/66B | €22,103 | €15,384 | -€6,719 | -30.4% |
| Recurring financial charges | 65 | €22,103 | €15,384 | -€6,719 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €93,713 | €21,973 | -€71,741 | -76.6% |
| Income taxes | 67/77 | €23,223 | €5,365 | -€17,858 | -76.9% |
| Profit (loss) for the period | 9904 | €70,490 | €16,608 | -€53,882 | -76.4% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,390 | €16,608 | -€11,782 | -41.5% |
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 14 October 2026 via checked.be.