FEAXE: 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.
FEAXE
Largest movements
- Tangible fixed assets -€3,262
down €3,262 (-24.8%), from €13,175 to €9,912
of which Plant, machinery and equipment: -€2,641
- Cash -€3,081
down €3,081 (-34.2%), from €9,017 to €5,936
mainly Trade debts (-€6,971) and Debts after one year (-€2,144)
- Receivables within one year +€1,545
new in 2025: €1,545
of which Other amounts receivable: +€1,474
- Deferred charges and accrued income -€805
down €805 (-27.2%), from €2,960 to €2,155
- Stocks and contracts +€670
up €670 (+8.0%), from €8,352 to €9,022
- Trade debts -€6,971
down €6,971 (-49.6%), from €14,063 to €7,092
- Other debts +€2,469
up €2,469 (+121.4%), from €2,033 to €4,502
- Debts after one year -€2,144
down €2,144 (-27.4%), from €7,836 to €5,692
- Current portion of long-term debt +€2,114
up €2,114 (+104.1%), from €2,030 to €4,144
- Tax, wage and social debts +€1,539
up €1,539 (+32.4%), from €4,744 to €6,283
- Financial charges +€4,247
up €4,247 (+664.7%), from €639 to €4,886
- Gross operating margin +€3,023
up €3,023 (+53.9%), from €5,605 to €8,628
- Other operating charges -€981
down €981 (-58.1%), from €1,689 to €707
- Staff costs -€960
no longer reported in 2025 (was €960)
- Depreciation +€621
up €621 (+23.5%), from €2,642 to €3,262
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 | €33,503 | €28,570 | -€4,933 | -14.7% |
| Fixed assets | 21/28 | €13,175 | €9,912 | -€3,262 | -24.8% |
| Tangible fixed assets | 22/27 | €13,175 | €9,912 | -€3,262 | -24.8% |
| Plant, machinery and equipment | 23 | €11,184 | €8,543 | -€2,641 | -23.6% |
| Furniture and vehicles | 24 | €277 | €218 | -€59 | -21.1% |
| Other tangible fixed assets | 26 | €1,713 | €1,150 | -€563 | -32.9% |
| Current assets | 29/58 | €20,329 | €18,658 | -€1,671 | -8.2% |
| Stocks and contracts in progress | 3 | €8,352 | €9,022 | +€670 | +8.0% |
| Stocks | 30/36 | €8,352 | €9,022 | +€670 | +8.0% |
| Amounts receivable within one year | 40/41 | - | €1,545 | +€1,545 | |
| Trade receivables | 40 | - | €71 | +€71 | |
| Other amounts receivable | 41 | - | €1,474 | +€1,474 | |
| Cash at bank and in hand | 54/58 | €9,017 | €5,936 | -€3,081 | -34.2% |
| Deferred charges and accrued income | 490/1 | €2,960 | €2,155 | -€805 | -27.2% |
| Total equity and liabilities | 10/49 | €33,503 | €28,570 | -€4,933 | -14.7% |
| Equity | 10/15 | €1,362 | €610 | -€752 | -55.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€638 | -€1,390 | -€752 | -118.0% |
| Amounts payable | 17/49 | €32,141 | €27,960 | -€4,181 | -13.0% |
| Amounts payable after more than one year | 17 | €7,836 | €5,692 | -€2,144 | -27.4% |
| Financial debts | 170/4 | €7,836 | €5,692 | -€2,144 | -27.4% |
| Amounts payable within one year | 42/48 | €22,870 | €22,021 | -€849 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €2,030 | €4,144 | +€2,114 | +104.1% |
| Trade debts | 44 | €14,063 | €7,092 | -€6,971 | -49.6% |
| Suppliers | 440/4 | €14,063 | €7,092 | -€6,971 | -49.6% |
| Taxes, remuneration and social security | 45 | €4,744 | €6,283 | +€1,539 | +32.4% |
| Taxes | 450/3 | €4,744 | €6,283 | +€1,539 | +32.4% |
| Other amounts payable | 47/48 | €2,033 | €4,502 | +€2,469 | +121.4% |
| Accrued charges and deferred income | 492/3 | €1,435 | €247 | -€1,188 | -82.8% |
| Remuneration, social security and pensions | 62 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,642 | €3,262 | +€621 | +23.5% |
| Other operating charges | 640/8 | €1,689 | €707 | -€981 | -58.1% |
| Gross operating margin | 9900 | €5,605 | €8,628 | +€3,023 | +53.9% |
| Operating profit (loss) | 9901 | €315 | €4,659 | +€4,343 | +1377.0% |
| Financial income | 75/76B | €47 | €1 | -€46 | -98.3% |
| Recurring financial income | 75 | €47 | €1 | -€46 | -98.3% |
| Financial charges | 65/66B | €639 | €4,886 | +€4,247 | +664.7% |
| Recurring financial charges | 65 | €639 | €4,886 | +€4,247 | +664.7% |
| Profit (loss) for the period before taxes | 9903 | -€277 | -€226 | +€50 | +18.2% |
| Income taxes | 67/77 | €361 | €526 | +€165 | +45.8% |
| Profit (loss) for the period | 9904 | -€638 | -€752 | -€115 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€638 | -€752 | -€115 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.