F.E.M.I. TAX: 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.
F.E.M.I. TAX
Largest movements
- Receivables within one year +€529,582
up €529,582 (+822%), from €64,446 to €594,028
of which Trade receivables: +€526,374
- Cash +€123,148
up €123,148 (+7,346%), from €1,676 to €124,825
mainly Advances received (+€373,000) and Other debts (+€206,545)
- Tangible fixed assets +€17,111
up €17,111 (+349%), from €4,903 to €22,014
- Advances received +€373,000
new in 2025: €373,000
- Other debts +€206,545
up €206,545 (+686%), from €30,130 to €236,675
- Profit (loss) carried forward +€69,733
up €69,733 (+3,292%), from €2,118 to €71,851
- Trade debts +€14,351
up €14,351 (+94.9%), from €15,128 to €29,479
- Turnover -€143,928
no longer reported in 2025 (was €143,928)
- Purchases and services -€129,610
no longer reported in 2025 (was €129,610)
- Gross operating margin +€84,531
up €84,531 (+590%), from €14,318 to €98,849
- Other operating charges +€13,119
up €13,119 (+1,909%), from €687 to €13,806
- Staff costs -€9,988
down €9,988 (-43.5%), from €22,949 to €12,960
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 | €71,226 | €741,088 | +€669,862 | +940% |
| Fixed assets | 21/28 | €5,103 | €22,014 | +€16,911 | +331% |
| Tangible fixed assets | 22/27 | €4,903 | €22,014 | +€17,111 | +349% |
| Furniture and vehicles | 24 | €4,903 | €22,014 | +€17,111 | +349% |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €66,123 | €719,074 | +€652,952 | +987% |
| Amounts receivable within one year | 40/41 | €64,446 | €594,028 | +€529,582 | +822% |
| Trade receivables | 40 | - | €526,374 | +€526,374 | |
| Other amounts receivable | 41 | €64,446 | €67,654 | +€3,208 | +5.0% |
| Cash at bank and in hand | 54/58 | €1,676 | €124,825 | +€123,148 | +7,346% |
| Deferred charges and accrued income | 490/1 | - | €222 | +€222 | |
| Total equity and liabilities | 10/49 | €71,226 | €741,088 | +€669,862 | +940% |
| Equity | 10/15 | €22,570 | €92,302 | +€69,733 | +309% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,118 | €71,851 | +€69,733 | +3,292% |
| Amounts payable | 17/49 | €48,656 | €648,786 | +€600,129 | +1,233% |
| Amounts payable within one year | 42/48 | €48,656 | €648,786 | +€600,129 | +1,233% |
| Trade debts | 44 | €15,128 | €29,479 | +€14,351 | +94.9% |
| Suppliers | 440/4 | €15,128 | €29,479 | +€14,351 | +94.9% |
| Advances received on contracts in progress | 46 | - | €373,000 | +€373,000 | |
| Taxes, remuneration and social security | 45 | €3,398 | €9,631 | +€6,233 | +183% |
| Taxes | 450/3 | - | €5,567 | +€5,567 | |
| Remuneration and social security | 454/9 | €3,398 | €4,064 | +€666 | +19.6% |
| Other amounts payable | 47/48 | €30,130 | €236,675 | +€206,545 | +686% |
| Turnover | 70 | €143,928 | - | -€143,928 | |
| Goods, raw materials, services and sundry goods | 60/61 | €129,610 | - | -€129,610 | |
| Remuneration, social security and pensions | 62 | €22,949 | €12,960 | -€9,988 | -43.5% |
| Other operating charges | 640/8 | €687 | €13,806 | +€13,119 | +1,909% |
| Gross operating margin | 9900 | €14,318 | €98,849 | +€84,531 | +590% |
| Operating profit (loss) | 9901 | -€9,318 | €72,083 | +€81,401 | |
| Financial income | 75/76B | €756 | €300 | -€456 | -60.3% |
| Recurring financial income | 75 | €756 | €300 | -€456 | -60.3% |
| Financial charges | 65/66B | €280 | €288 | +€7 | +2.5% |
| Recurring financial charges | 65 | €280 | €288 | +€7 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,843 | €72,096 | +€80,938 | |
| Income taxes | 67/77 | - | €2,363 | +€2,363 | |
| Profit (loss) for the period | 9904 | -€8,843 | €69,733 | +€78,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,843 | €69,733 | +€78,575 |
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 23 October 2026 via checked.be.