FE CONCEPT: 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.
FE CONCEPT
Largest movements
- Receivables within one year -€39,174
down €39,174 (-45.9%), from €85,307 to €46,133
of which Trade receivables: -€77,561
- Cash +€17,360
up €17,360 (+802.5%), from €2,163 to €19,523
mainly Receivables within one year (+€39,174) and Trade debts (+€1,139)
- Other debts -€18,051
down €18,051 (-14.5%), from €124,242 to €106,192
- Profit (loss) carried forward -€4,916
down €4,916 (-10.5%), from -€46,733 to -€51,649
- Trade debts +€1,139
up €1,139 (+30.3%), from €3,760 to €4,899
- Financial charges -€661
down €661 (-78.6%), from €840 to €180
- Gross operating margin +€425
up €425 (+8.5%), from -€4,978 to -€4,553
- Financial income +€213
up €213 (+5629.1%), from €4 to €217
- Other operating charges -€208
down €208 (-34.2%), from €607 to €400
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.
Cash bridge derived
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 | €87,470 | €65,655 | -€21,814 | -24.9% |
| Current assets | 29/58 | €87,470 | €65,655 | -€21,814 | -24.9% |
| Amounts receivable within one year | 40/41 | €85,307 | €46,133 | -€39,174 | -45.9% |
| Trade receivables | 40 | €84,687 | €7,126 | -€77,561 | -91.6% |
| Other amounts receivable | 41 | €620 | €39,007 | +€38,387 | +6189.4% |
| Cash at bank and in hand | 54/58 | €2,163 | €19,523 | +€17,360 | +802.5% |
| Total equity and liabilities | 10/49 | €87,470 | €65,655 | -€21,814 | -24.9% |
| Equity | 10/15 | -€40,533 | -€45,449 | -€4,916 | -12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,733 | -€51,649 | -€4,916 | -10.5% |
| Amounts payable | 17/49 | €128,003 | €111,105 | -€16,899 | -13.2% |
| Amounts payable within one year | 42/48 | €128,003 | €111,092 | -€16,912 | -13.2% |
| Trade debts | 44 | €3,760 | €4,899 | +€1,139 | +30.3% |
| Suppliers | 440/4 | €3,760 | €4,899 | +€1,139 | +30.3% |
| Taxes, remuneration and social security | 45 | €1 | €1 | = | 0.0% |
| Taxes | 450/3 | €1 | €1 | = | 0.0% |
| Other amounts payable | 47/48 | €124,242 | €106,192 | -€18,051 | -14.5% |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Other operating charges | 640/8 | €607 | €400 | -€208 | -34.2% |
| Gross operating margin | 9900 | -€4,978 | -€4,553 | +€425 | +8.5% |
| Operating profit (loss) | 9901 | -€5,585 | -€4,952 | +€632 | +11.3% |
| Financial income | 75/76B | €4 | €217 | +€213 | +5629.1% |
| Recurring financial income | 75 | €4 | €217 | +€213 | +5629.1% |
| Financial charges | 65/66B | €840 | €180 | -€661 | -78.6% |
| Recurring financial charges | 65 | €840 | €180 | -€661 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,422 | -€4,916 | +€1,506 | +23.5% |
| Profit (loss) for the period | 9904 | -€6,422 | -€4,916 | +€1,506 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,422 | -€4,916 | +€1,506 | +23.5% |
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 9 October 2026 via checked.be.