FEE: 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.
FEE
Largest movements
- Stocks and contracts +€75,960
up €75,960 (+9.0%), from €844,242 to €920,202
- Other debts +€54,897
up €54,897 (+11.2%), from €492,284 to €547,181
- Financial charges -€36,820
down €36,820 (-99.9%), from €36,863 to €44
- Financial income -€20,531
down €20,531 (-60.3%), from €34,031 to €13,500
of which Non-recurring financial income: -€20,531
- Gross operating margin -€14,058
down €14,058 (-37.3%), from €37,683 to €23,626
- Other operating charges +€5,552
up €5,552 (+45.2%), from €12,271 to €17,822
- Depreciation -€1,450
down €1,450 (-10.7%), from €13,588 to €12,138
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 | €1,736,933 | €1,777,542 | +€40,609 | +2.3% |
| Fixed assets | 21/28 | €714,228 | €702,090 | -€12,138 | -1.7% |
| Tangible fixed assets | 22/27 | €673,128 | €660,990 | -€12,138 | -1.8% |
| Land and buildings | 22 | €477,028 | €464,890 | -€12,138 | -2.5% |
| Assets under construction and advance payments | 27 | €196,100 | €196,100 | = | 0.0% |
| Financial fixed assets | 28 | €41,100 | €41,100 | = | 0.0% |
| Current assets | 29/58 | €1,022,705 | €1,075,452 | +€52,747 | +5.2% |
| Stocks and contracts in progress | 3 | €844,242 | €920,202 | +€75,960 | +9.0% |
| Stocks | 30/36 | €844,242 | €920,202 | +€75,960 | +9.0% |
| Amounts receivable within one year | 40/41 | €157,540 | €151,931 | -€5,609 | -3.6% |
| Other amounts receivable | 41 | €157,540 | €151,931 | -€5,609 | -3.6% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,673 | €3,068 | -€17,604 | -85.2% |
| Total equity and liabilities | 10/49 | €1,736,933 | €1,777,542 | +€40,609 | +2.3% |
| Equity | 10/15 | €655,139 | €662,261 | +€7,122 | +1.1% |
| Contributions | 10/11 | €219,473 | €219,473 | = | 0.0% |
| Capital | 10 | €219,473 | €219,473 | = | 0.0% |
| Issued capital | 100 | €219,473 | €219,473 | = | 0.0% |
| Reserves | 13 | €435,665 | €442,787 | +€7,122 | +1.6% |
| Non-distributable reserves | 130/1 | €21,947 | €21,947 | = | 0.0% |
| Legal reserve | 130 | €21,947 | €21,947 | = | 0.0% |
| Distributable reserves | 133 | €413,718 | €420,840 | +€7,122 | +1.7% |
| Amounts payable | 17/49 | €1,081,794 | €1,115,281 | +€33,487 | +3.1% |
| Amounts payable after more than one year | 17 | €577,616 | €564,116 | -€13,500 | -2.3% |
| Other amounts payable | 178/9 | €577,616 | €564,116 | -€13,500 | -2.3% |
| Amounts payable within one year | 42/48 | €504,179 | €551,166 | +€46,987 | +9.3% |
| Trade debts | 44 | €3,024 | €3,594 | +€570 | +18.8% |
| Suppliers | 440/4 | €3,024 | €3,594 | +€570 | +18.8% |
| Taxes, remuneration and social security | 45 | €8,871 | €391 | -€8,480 | -95.6% |
| Taxes | 450/3 | €8,871 | €391 | -€8,480 | -95.6% |
| Other amounts payable | 47/48 | €492,284 | €547,181 | +€54,897 | +11.2% |
| Remuneration, social security and pensions | 62 | -€106 | - | +€106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,588 | €12,138 | -€1,450 | -10.7% |
| Other operating charges | 640/8 | €12,271 | €17,822 | +€5,552 | +45.2% |
| Gross operating margin | 9900 | €37,683 | €23,626 | -€14,058 | -37.3% |
| Operating profit (loss) | 9901 | €11,930 | -€6,335 | -€18,265 | |
| Financial income | 75/76B | €34,031 | €13,500 | -€20,531 | -60.3% |
| Recurring financial income | 75 | €0 | €13,500 | +€13,500 | +5,869,465% |
| Non-recurring financial income | 76B | €34,031 | €13,500 | -€20,531 | -60.3% |
| Financial charges | 65/66B | €36,863 | €44 | -€36,820 | -99.9% |
| Recurring financial charges | 65 | €36,863 | €44 | -€36,820 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €9,099 | €7,122 | -€1,977 | -21.7% |
| Profit (loss) for the period | 9904 | €9,099 | €7,122 | -€1,977 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,099 | €7,122 | -€1,977 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.