FEAT FINANCE: 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.
FEAT FINANCE
Largest movements
- Cash -€78,952
down €78,952 (-46.8%), from €168,611 to €89,659
mainly Contributions, distributions and other (-€90,000) and Trade debts (-€35,282)
- Tangible fixed assets -€60,947
down €60,947 (-24.6%), from €247,436 to €186,489
- Receivables within one year +€18,477
up €18,477 (+10.0%), from €183,947 to €202,423
of which Other amounts receivable: +€33,902
- Deferred charges and accrued income +€9,928
new in 2025: €9,928
- Reserves -€85,973
down €85,973 (-22.8%), from €377,835 to €291,862
- Trade debts -€35,282
down €35,282 (-22.3%), from €158,307 to €123,025
- Tax, wage and social debts +€9,761
up €9,761 (+16.9%), from €57,844 to €67,606
of which Remuneration and social security: +€9,761
- Staff costs +€110,980
up €110,980 (+22.1%), from €503,087 to €614,067
- Taxes -€33,536
down €33,536 (-67.7%), from €49,528 to €15,992
- Gross operating margin -€24,831
down €24,831 (-3.4%), from €721,831 to €697,000
- Depreciation +€21,944
up €21,944 (+56.3%), from €39,003 to €60,947
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 | €600,154 | €488,660 | -€111,494 | -18.6% |
| Fixed assets | 21/28 | €247,596 | €186,649 | -€60,947 | -24.6% |
| Tangible fixed assets | 22/27 | €247,436 | €186,489 | -€60,947 | -24.6% |
| Furniture and vehicles | 24 | €247,436 | €186,489 | -€60,947 | -24.6% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €352,558 | €302,011 | -€50,547 | -14.3% |
| Amounts receivable within one year | 40/41 | €183,947 | €202,423 | +€18,477 | +10.0% |
| Trade receivables | 40 | €183,841 | €168,415 | -€15,426 | -8.4% |
| Other amounts receivable | 41 | €106 | €34,008 | +€33,902 | +32,135% |
| Cash at bank and in hand | 54/58 | €168,611 | €89,659 | -€78,952 | -46.8% |
| Deferred charges and accrued income | 490/1 | - | €9,928 | +€9,928 | |
| Total equity and liabilities | 10/49 | €600,154 | €488,660 | -€111,494 | -18.6% |
| Equity | 10/15 | €383,835 | €297,862 | -€85,973 | -22.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Other | 1109/19 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €377,835 | €291,862 | -€85,973 | -22.8% |
| Distributable reserves | 133 | €377,835 | €291,862 | -€85,973 | -22.8% |
| Amounts payable | 17/49 | €216,319 | €190,798 | -€25,521 | -11.8% |
| Amounts payable after more than one year | 17 | €167 | €167 | = | 0.0% |
| Other amounts payable | 178/9 | €167 | €167 | = | 0.0% |
| Amounts payable within one year | 42/48 | €216,152 | €190,631 | -€25,521 | -11.8% |
| Trade debts | 44 | €158,307 | €123,025 | -€35,282 | -22.3% |
| Suppliers | 440/4 | €158,307 | €123,025 | -€35,282 | -22.3% |
| Taxes, remuneration and social security | 45 | €57,844 | €67,606 | +€9,761 | +16.9% |
| Taxes | 450/3 | €4,528 | €4,528 | = | 0.0% |
| Remuneration and social security | 454/9 | €53,317 | €63,078 | +€9,761 | +18.3% |
| Remuneration, social security and pensions | 62 | €503,087 | €614,067 | +€110,980 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,003 | €60,947 | +€21,944 | +56.3% |
| Other operating charges | 640/8 | €7,034 | €2,070 | -€4,964 | -70.6% |
| Gross operating margin | 9900 | €721,831 | €697,000 | -€24,831 | -3.4% |
| Operating profit (loss) | 9901 | €172,706 | €19,916 | -€152,791 | -88.5% |
| Financial income | 75/76B | €2,685 | €539 | -€2,146 | -79.9% |
| Recurring financial income | 75 | €2,685 | €539 | -€2,146 | -79.9% |
| Financial charges | 65/66B | €192 | €436 | +€244 | +127% |
| Recurring financial charges | 65 | €192 | €436 | +€244 | +127% |
| Profit (loss) for the period before taxes | 9903 | €175,199 | €20,019 | -€155,180 | -88.6% |
| Income taxes | 67/77 | €49,528 | €15,992 | -€33,536 | -67.7% |
| Profit (loss) for the period | 9904 | €125,671 | €4,027 | -€121,645 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €125,671 | €4,027 | -€121,645 | -96.8% |
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 28 October 2026 via checked.be.