FEATHERLINE: 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.
FEATHERLINE
Largest movements
- Cash +€26,463
up €26,463 (+36.2%), from €73,075 to €99,538
mainly Net result for the year (+€26,440) and Depreciation (+€17,248)
- Receivables within one year +€12,819
up €12,819 (+837.0%), from €1,532 to €14,351
- Tangible fixed assets -€6,795
down €6,795 (-4.2%), from €163,405 to €156,610
of which Land and buildings: -€7,430
- Profit (loss) carried forward +€26,440
up €26,440 (+16.4%), from €160,791 to €187,231
- Other debts +€9,935
up €9,935 (+53.2%), from €18,689 to €28,624
- Tax, wage and social debts -€3,113
down €3,113 (-8.9%), from €34,928 to €31,816
- Turnover -€146,800
no longer reported in 2025 (was €146,800)
- Purchases and services -€85,775
no longer reported in 2025 (was €85,775)
- Depreciation +€8,545
up €8,545 (+98.2%), from €8,702 to €17,248
- Taxes -€3,238
down €3,238 (-20.6%), from €15,692 to €12,454
- Gross operating margin -€2,286
down €2,286 (-3.7%), from €61,025 to €58,739
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 | €240,239 | €272,382 | +€32,143 | +13.4% |
| Fixed assets | 21/28 | €163,405 | €156,610 | -€6,795 | -4.2% |
| Tangible fixed assets | 22/27 | €163,405 | €156,610 | -€6,795 | -4.2% |
| Land and buildings | 22 | €139,278 | €131,848 | -€7,430 | -5.3% |
| Plant, machinery and equipment | 23 | €361 | €207 | -€154 | -42.6% |
| Furniture and vehicles | 24 | €23,766 | €24,554 | +€788 | +3.3% |
| Current assets | 29/58 | €76,834 | €115,772 | +€38,938 | +50.7% |
| Amounts receivable within one year | 40/41 | €1,532 | €14,351 | +€12,819 | +837.0% |
| Trade receivables | 40 | €1,532 | €14,351 | +€12,819 | +837.0% |
| Cash at bank and in hand | 54/58 | €73,075 | €99,538 | +€26,463 | +36.2% |
| Deferred charges and accrued income | 490/1 | €2,228 | €1,883 | -€344 | -15.4% |
| Total equity and liabilities | 10/49 | €240,239 | €272,382 | +€32,143 | +13.4% |
| Equity | 10/15 | €184,375 | €210,815 | +€26,440 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,384 | €17,384 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,524 | €15,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,791 | €187,231 | +€26,440 | +16.4% |
| Amounts payable | 17/49 | €55,864 | €61,567 | +€5,703 | +10.2% |
| Amounts payable within one year | 42/48 | €55,864 | €61,567 | +€5,703 | +10.2% |
| Trade debts | 44 | €2,247 | €1,127 | -€1,119 | -49.8% |
| Suppliers | 440/4 | €2,247 | €1,127 | -€1,119 | -49.8% |
| Taxes, remuneration and social security | 45 | €34,928 | €31,816 | -€3,113 | -8.9% |
| Taxes | 450/3 | €34,928 | €31,816 | -€3,113 | -8.9% |
| Other amounts payable | 47/48 | €18,689 | €28,624 | +€9,935 | +53.2% |
| Turnover | 70 | €146,800 | - | -€146,800 | |
| Goods, raw materials, services and sundry goods | 60/61 | €85,775 | - | -€85,775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,702 | €17,248 | +€8,545 | +98.2% |
| Other operating charges | 640/8 | €2,882 | €2,561 | -€321 | -11.1% |
| Gross operating margin | 9900 | €61,025 | €58,739 | -€2,286 | -3.7% |
| Operating profit (loss) | 9901 | €49,441 | €38,930 | -€10,511 | -21.3% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €293 | €103 | -€190 | -64.9% |
| Recurring financial charges | 65 | €293 | €103 | -€190 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €49,148 | €38,894 | -€10,254 | -20.9% |
| Income taxes | 67/77 | €15,692 | €12,454 | -€3,238 | -20.6% |
| Profit (loss) for the period | 9904 | €33,456 | €26,440 | -€7,015 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,456 | €26,440 | -€7,015 | -21.0% |
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 11 October 2026 via checked.be.