FEA INTERNATIONAL: 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.
FEA INTERNATIONAL
Largest movements
- Tangible fixed assets +€89,746
up €89,746 (+657%), from €13,661 to €103,407
of which Land and buildings: +€96,846
- Stocks and contracts -€9,535
down €9,535 (-16.0%), from €59,515 to €49,980
- Receivables within one year -€3,789
down €3,789 (-4.0%), from €93,547 to €89,758
of which Other amounts receivable: -€17,448
- Debts after one year +€67,435
up €67,435 (+1,090%), from €6,184 to €73,619
- Reserves +€6,663
up €6,663 (+19.3%), from €34,451 to €41,113
- Trade debts -€6,379
down €6,379 (-14.8%), from €42,960 to €36,581
- Tax, wage and social debts +€3,336
up €3,336 (+60.7%), from €5,494 to €8,830
of which Taxes: +€2,341
- Current portion of long-term debt +€3,115
up €3,115 (+45.5%), from €6,849 to €9,964
- Gross operating margin +€17,835
up €17,835 (+94.3%), from €18,912 to €36,747
- Staff costs +€10,108
up €10,108 (+1,704%), from €593 to €10,701
- Financial charges +€2,362
up €2,362 (+25.7%), from €9,176 to €11,538
- Financial income +€815
up €815 (+143%), from €569 to €1,384
- Taxes -€447
down €447 (-24.5%), from €1,828 to €1,380
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 | €177,138 | €251,308 | +€74,170 | +41.9% |
| Fixed assets | 21/28 | €14,141 | €103,887 | +€89,746 | +635% |
| Tangible fixed assets | 22/27 | €13,661 | €103,407 | +€89,746 | +657% |
| Land and buildings | 22 | - | €96,846 | +€96,846 | |
| Plant, machinery and equipment | 23 | €10,933 | €4,717 | -€6,216 | -56.9% |
| Furniture and vehicles | 24 | €860 | €277 | -€583 | -67.8% |
| Other tangible fixed assets | 26 | €1,868 | €1,568 | -€300 | -16.1% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €162,997 | €147,421 | -€15,576 | -9.6% |
| Stocks and contracts in progress | 3 | €59,515 | €49,980 | -€9,535 | -16.0% |
| Stocks | 30/36 | €59,515 | €49,980 | -€9,535 | -16.0% |
| Amounts receivable within one year | 40/41 | €93,547 | €89,758 | -€3,789 | -4.0% |
| Trade receivables | 40 | €32,526 | €46,186 | +€13,659 | +42.0% |
| Other amounts receivable | 41 | €61,021 | €43,573 | -€17,448 | -28.6% |
| Cash at bank and in hand | 54/58 | €6,365 | €4,109 | -€2,257 | -35.5% |
| Deferred charges and accrued income | 490/1 | €3,570 | €3,574 | +€4 | +0.1% |
| Total equity and liabilities | 10/49 | €177,138 | €251,308 | +€74,170 | +41.9% |
| Equity | 10/15 | €40,651 | €47,313 | +€6,663 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,451 | €41,113 | +€6,663 | +19.3% |
| Distributable reserves | 133 | €34,451 | €41,113 | +€6,663 | +19.3% |
| Amounts payable | 17/49 | €136,488 | €203,995 | +€67,507 | +49.5% |
| Amounts payable after more than one year | 17 | €6,184 | €73,619 | +€67,435 | +1,090% |
| Financial debts | 170/4 | €6,184 | €73,619 | +€67,435 | +1,090% |
| Amounts payable within one year | 42/48 | €130,303 | €130,376 | +€72 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €6,849 | €9,964 | +€3,115 | +45.5% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €42,960 | €36,581 | -€6,379 | -14.8% |
| Suppliers | 440/4 | €42,960 | €36,581 | -€6,379 | -14.8% |
| Taxes, remuneration and social security | 45 | €5,494 | €8,830 | +€3,336 | +60.7% |
| Taxes | 450/3 | €5,494 | €7,836 | +€2,341 | +42.6% |
| Remuneration and social security | 454/9 | - | €995 | +€995 | |
| Remuneration, social security and pensions | 62 | €593 | €10,701 | +€10,108 | +1,704% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,995 | €7,100 | +€105 | +1.5% |
| Other operating charges | 640/8 | €565 | €749 | +€184 | +32.6% |
| Gross operating margin | 9900 | €18,912 | €36,747 | +€17,835 | +94.3% |
| Operating profit (loss) | 9901 | €10,759 | €18,197 | +€7,438 | +69.1% |
| Financial income | 75/76B | €569 | €1,384 | +€815 | +143% |
| Recurring financial income | 75 | €569 | €1,384 | +€815 | +143% |
| Financial charges | 65/66B | €9,176 | €11,538 | +€2,362 | +25.7% |
| Recurring financial charges | 65 | €9,176 | €11,538 | +€2,362 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €2,152 | €8,043 | +€5,891 | +274% |
| Income taxes | 67/77 | €1,828 | €1,380 | -€447 | -24.5% |
| Profit (loss) for the period | 9904 | €324 | €6,663 | +€6,338 | +1,954% |
| Profit (loss) for the period to be appropriated | 9905 | €324 | €6,663 | +€6,338 | +1,954% |
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 30 October 2026 via checked.be.