FEBWAY: 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.
FEBWAY
Largest movements
- Receivables after one year -€118,301
no longer reported in 2025 (was €118,301)
- Receivables within one year -€13,194
down €13,194 (-47.2%), from €27,944 to €14,749
of which Trade receivables: -€14,095
- Cash +€7,455
up €7,455 (+26.5%), from €28,134 to €35,589
mainly Receivables after one year (+€118,301) and Net result for the year (+€57,761)
- Deferred charges and accrued income +€5,123
up €5,123 (+3358.5%), from €153 to €5,276
- Profit (loss) carried forward -€119,239
down €119,239 (-94.3%), from €126,481 to €7,242
- Other debts +€5,558
up €5,558 (+101.2%), from €5,492 to €11,050
- Tax, wage and social debts -€4,924
down €4,924 (-11.7%), from €42,147 to €37,223
of which Taxes: -€3,679
- Gross operating margin -€24,635
down €24,635 (-25.4%), from €96,914 to €72,279
- Taxes -€4,563
down €4,563 (-22.9%), from €19,934 to €15,371
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 | €176,865 | €57,744 | -€119,120 | -67.4% |
| Fixed assets | 21/28 | €2,334 | €2,131 | -€203 | -8.7% |
| Tangible fixed assets | 22/27 | €2,334 | €2,131 | -€203 | -8.7% |
| Other tangible fixed assets | 26 | €2,334 | €2,131 | -€203 | -8.7% |
| Current assets | 29/58 | €174,531 | €55,613 | -€118,917 | -68.1% |
| Amounts receivable after more than one year | 29 | €118,301 | - | -€118,301 | |
| Trade receivables | 290 | €118,301 | - | -€118,301 | |
| Amounts receivable within one year | 40/41 | €27,944 | €14,749 | -€13,194 | -47.2% |
| Trade receivables | 40 | €27,944 | €13,848 | -€14,095 | -50.4% |
| Other amounts receivable | 41 | - | €901 | +€901 | |
| Cash at bank and in hand | 54/58 | €28,134 | €35,589 | +€7,455 | +26.5% |
| Deferred charges and accrued income | 490/1 | €153 | €5,276 | +€5,123 | +3358.5% |
| Total equity and liabilities | 10/49 | €176,865 | €57,744 | -€119,120 | -67.4% |
| Equity | 10/15 | €127,781 | €8,542 | -€119,239 | -93.3% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,481 | €7,242 | -€119,239 | -94.3% |
| Amounts payable | 17/49 | €49,083 | €49,202 | +€119 | +0.2% |
| Amounts payable within one year | 42/48 | €48,843 | €49,202 | +€359 | +0.7% |
| Trade debts | 44 | €1,204 | €929 | -€275 | -22.9% |
| Suppliers | 440/4 | €1,204 | €929 | -€275 | -22.9% |
| Taxes, remuneration and social security | 45 | €42,147 | €37,223 | -€4,924 | -11.7% |
| Taxes | 450/3 | €40,237 | €36,559 | -€3,679 | -9.1% |
| Remuneration and social security | 454/9 | €1,909 | €665 | -€1,245 | -65.2% |
| Other amounts payable | 47/48 | €5,492 | €11,050 | +€5,558 | +101.2% |
| Accrued charges and deferred income | 492/3 | €241 | - | -€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €203 | -€68 | -25.0% |
| Other operating charges | 640/8 | €231 | €573 | +€342 | +148.1% |
| Gross operating margin | 9900 | €96,914 | €72,279 | -€24,635 | -25.4% |
| Operating profit (loss) | 9901 | €96,412 | €71,503 | -€24,909 | -25.8% |
| Financial income | 75/76B | €2,555 | €3,114 | +€559 | +21.9% |
| Recurring financial income | 75 | €2,555 | €3,114 | +€559 | +21.9% |
| Financial charges | 65/66B | €1,629 | €1,485 | -€144 | -8.8% |
| Recurring financial charges | 65 | €1,629 | €1,485 | -€144 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €97,338 | €73,132 | -€24,206 | -24.9% |
| Income taxes | 67/77 | €19,934 | €15,371 | -€4,563 | -22.9% |
| Profit (loss) for the period | 9904 | €77,404 | €57,761 | -€19,643 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,404 | €57,761 | -€19,643 | -25.4% |
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 6 October 2026 via checked.be.