Dr. Feys Christian: what changed
What changed
Dr. Feys Christian
filed annual accounts (NBB)
Net result for the year
€628,395
2024 · €793,290-€164,894
Equity
€6.7m
2024 · €6.0m+€628,395
Cash
€828,584
2024 · €1.3m-€434,579
Balance sheet total
€8.0m
2024 · €7.3m+€730,046
Largest movements
Assets
- Current investments +€1.1m
up €1.1m (+22.1%), from €5.0m to €6.1m
- Cash -€434,579
down €434,579 (-34.4%), from €1.3m to €828,584
mainly Current investments (-€1.1m) and Receivables within one year (-€73,705)
Equity and liabilities
- Reserves +€628,395
up €628,395 (+10.5%), from €6.0m to €6.6m
of which Distributable reserves: +€628,395
Income statement
- Financial income -€260,135
down €260,135 (-68.1%), from €381,898 to €121,763
- Gross operating margin +€140,725
up €140,725 (+17.8%), from €788,784 to €929,510
- Financial charges +€41,969
up €41,969 (+51.9%), from €80,832 to €122,801
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€793,290
Gross operating margin
+€140,725
Depreciation
+€95
Other operating charges
-€1,610
Financial income
-€260,135
Financial charges
-€41,969
Taxes
-€2,000
Result 2025
€628,395
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€678,429
Investment
-€1.1m
Financing
€0
Cash 2024
€1.3m
From operations (derived)
+€678,429
Net result for the year
+€628,395
Depreciation
+€44,793
Receivables within one year
-€73,705
Deferred charges and accrued income
-€22,705
Trade debts
-€2,283
Tax, wage and social debts
-€11,218
Other debts
+€55,248
Accrued charges and deferred income
+€59,904
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€6,553
Current investments
-€1.1m
Cash 2025
€828,584
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,269,046 | €7,999,093 | +€730,046 | +10.0% |
| Fixed assets | 21/28 | €660,866 | €622,626 | -€38,240 | -5.8% |
| Tangible fixed assets | 22/27 | €660,816 | €622,576 | -€38,240 | -5.8% |
| Land and buildings | 22 | €612,368 | €585,953 | -€26,415 | -4.3% |
| Plant, machinery and equipment | 23 | €44,192 | €34,081 | -€10,111 | -22.9% |
| Furniture and vehicles | 24 | €4,257 | €2,542 | -€1,715 | -40.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €6,608,180 | €7,376,467 | +€768,287 | +11.6% |
| Amounts receivable within one year | 40/41 | €3,629 | €77,334 | +€73,705 | +2,031% |
| Other amounts receivable | 41 | €3,629 | €77,334 | +€73,705 | +2,031% |
| Current investments | 50/53 | €5,015,391 | €6,121,846 | +€1.1m | +22.1% |
| Cash at bank and in hand | 54/58 | €1,263,164 | €828,584 | -€434,579 | -34.4% |
| Deferred charges and accrued income | 490/1 | €325,997 | €348,702 | +€22,705 | +7.0% |
| Total equity and liabilities | 10/49 | €7,269,046 | €7,999,093 | +€730,046 | +10.0% |
| Equity | 10/15 | €6,023,491 | €6,651,886 | +€628,395 | +10.4% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €5,986,291 | €6,614,686 | +€628,395 | +10.5% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €5,982,571 | €6,610,966 | +€628,395 | +10.5% |
| Amounts payable | 17/49 | €1,245,555 | €1,347,206 | +€101,651 | +8.2% |
| Amounts payable within one year | 42/48 | €1,094,073 | €1,135,820 | +€41,747 | +3.8% |
| Trade debts | 44 | €74,100 | €71,817 | -€2,283 | -3.1% |
| Suppliers | 440/4 | €74,100 | €71,817 | -€2,283 | -3.1% |
| Taxes, remuneration and social security | 45 | €15,946 | €4,728 | -€11,218 | -70.3% |
| Taxes | 450/3 | €9,553 | €4,728 | -€4,824 | -50.5% |
| Remuneration and social security | 454/9 | €6,394 | €0 | -€6,394 | -100% |
| Other amounts payable | 47/48 | €1,004,027 | €1,059,275 | +€55,248 | +5.5% |
| Accrued charges and deferred income | 492/3 | €151,482 | €211,386 | +€59,904 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,888 | €44,793 | -€95 | -0.2% |
| Other operating charges | 640/8 | €2,723 | €4,333 | +€1,610 | +59.1% |
| Gross operating margin | 9900 | €788,784 | €929,510 | +€140,725 | +17.8% |
| Operating profit (loss) | 9901 | €741,173 | €880,384 | +€139,210 | +18.8% |
| Financial income | 75/76B | €381,898 | €121,763 | -€260,135 | -68.1% |
| Recurring financial income | 75 | €381,898 | €121,763 | -€260,135 | -68.1% |
| Financial charges | 65/66B | €80,832 | €122,801 | +€41,969 | +51.9% |
| Recurring financial charges | 65 | €80,832 | €122,801 | +€41,969 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €1,042,239 | €879,345 | -€162,894 | -15.6% |
| Income taxes | 67/77 | €248,950 | €250,950 | +€2,000 | +0.8% |
| Profit (loss) for the period | 9904 | €793,290 | €628,395 | -€164,894 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €793,290 | €628,395 | -€164,894 | -20.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.