FEANARION: what changed
Two fiscal 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.
FEANARION
Largest movements
- Cash +€28,068
up €28,068 (+45.0%), from €62,364 to €90,432
mainly Other debts (+€67,083) and Net result for the year (+€45,341)
- Deferred charges and accrued income -€6,114
down €6,114 (-36.8%), from €16,628 to €10,514
- Tangible fixed assets -€3,758
down €3,758 (-25.4%), from €14,821 to €11,062
of which Other tangible fixed assets: -€1,939
- Receivables within one year -€1,804
down €1,804 (-10.2%), from €17,723 to €15,919
of which Other amounts receivable: -€1,379
- Other debts +€67,083
up €67,083 (+223.6%), from €30,000 to €97,083
- Profit (loss) carried forward -€51,742
no longer reported in 2025 (was €51,742)
- Tax, wage and social debts +€1,500
up €1,500 (+15.0%), from €9,989 to €11,489
- Gross operating margin +€3,782
up €3,782 (+6.2%), from €61,258 to €65,041
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 | €113,835 | €130,226 | +€16,392 | +14.4% |
| Fixed assets | 21/28 | €17,121 | €13,362 | -€3,758 | -22.0% |
| Tangible fixed assets | 22/27 | €14,821 | €11,062 | -€3,758 | -25.4% |
| Furniture and vehicles | 24 | €6,768 | €4,949 | -€1,819 | -26.9% |
| Other tangible fixed assets | 26 | €8,052 | €6,113 | -€1,939 | -24.1% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €96,714 | €116,864 | +€20,150 | +20.8% |
| Amounts receivable within one year | 40/41 | €17,723 | €15,919 | -€1,804 | -10.2% |
| Trade receivables | 40 | €12,750 | €12,325 | -€425 | -3.3% |
| Other amounts receivable | 41 | €4,973 | €3,594 | -€1,379 | -27.7% |
| Cash at bank and in hand | 54/58 | €62,364 | €90,432 | +€28,068 | +45.0% |
| Deferred charges and accrued income | 490/1 | €16,628 | €10,514 | -€6,114 | -36.8% |
| Total equity and liabilities | 10/49 | €113,835 | €130,226 | +€16,392 | +14.4% |
| Equity | 10/15 | €72,202 | €20,460 | -€51,742 | -71.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,742 | - | -€51,742 | |
| Amounts payable | 17/49 | €41,633 | €109,766 | +€68,134 | +163.7% |
| Amounts payable within one year | 42/48 | €41,633 | €109,664 | +€68,031 | +163.4% |
| Financial debts | 43 | €234 | €474 | +€240 | +102.6% |
| Credit institutions | 430/8 | €234 | €474 | +€240 | +102.6% |
| Trade debts | 44 | €1,410 | €618 | -€792 | -56.2% |
| Suppliers | 440/4 | €1,410 | €618 | -€792 | -56.2% |
| Taxes, remuneration and social security | 45 | €9,989 | €11,489 | +€1,500 | +15.0% |
| Taxes | 450/3 | €9,989 | €11,489 | +€1,500 | +15.0% |
| Other amounts payable | 47/48 | €30,000 | €97,083 | +€67,083 | +223.6% |
| Accrued charges and deferred income | 492/3 | - | €103 | +€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,538 | €4,758 | +€220 | +4.8% |
| Other operating charges | 640/8 | €469 | €915 | +€445 | +94.9% |
| Gross operating margin | 9900 | €61,258 | €65,041 | +€3,782 | +6.2% |
| Operating profit (loss) | 9901 | €56,251 | €59,368 | +€3,117 | +5.5% |
| Financial income | 75/76B | €349 | €171 | -€178 | -50.9% |
| Recurring financial income | 75 | €349 | €171 | -€178 | -50.9% |
| Financial charges | 65/66B | €1,175 | €808 | -€368 | -31.3% |
| Recurring financial charges | 65 | €1,175 | €808 | -€368 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €55,425 | €58,732 | +€3,307 | +6.0% |
| Income taxes | 67/77 | €12,760 | €13,391 | +€631 | +4.9% |
| Profit (loss) for the period | 9904 | €42,665 | €45,341 | +€2,676 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,665 | €45,341 | +€2,676 | +6.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.