@ FEE DU PC: 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 DU PC
Largest movements
- Receivables within one year -€103,713
down €103,713 (-16.6%), from €624,870 to €521,157
of which Trade receivables: -€111,855
- Deferred charges and accrued income +€31,218
up €31,218 (+624.6%), from €4,998 to €36,216
- Cash -€12,945
down €12,945 (-31.6%), from €40,961 to €28,016
mainly Trade debts (-€97,845) and Deferred charges and accrued income (-€31,218)
- Tangible fixed assets +€10,500
up €10,500 (+77.2%), from €13,603 to €24,103
of which Leasing and similar rights: +€9,891
- Trade debts -€97,845
down €97,845 (-49.0%), from €199,537 to €101,692
- Profit (loss) carried forward +€36,731
up €36,731 (+41.9%), from €87,717 to €124,448
- Other debts -€20,455
down €20,455 (-21.2%), from €96,446 to €75,991
- Reserves +€10,000
up €10,000 (+59.3%), from €16,860 to €26,860
- Staff costs +€112,338
up €112,338 (+14.8%), from €758,855 to €871,193
- Gross operating margin +€75,334
up €75,334 (+8.1%), from €927,988 to €1.0m
- Taxes -€20,210
down €20,210 (-57.3%), from €35,290 to €15,080
- Financial charges +€14,022
up €14,022 (+55.3%), from €25,348 to €39,370
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 | €694,659 | €623,490 | -€71,169 | -10.2% |
| Fixed assets | 21/28 | €23,717 | €37,987 | +€14,270 | +60.2% |
| Tangible fixed assets | 22/27 | €13,603 | €24,103 | +€10,500 | +77.2% |
| Furniture and vehicles | 24 | €1,104 | €1,713 | +€609 | +55.2% |
| Leasing and similar rights | 25 | €12,499 | €22,390 | +€9,891 | +79.1% |
| Financial fixed assets | 28 | €10,114 | €13,884 | +€3,770 | +37.3% |
| Current assets | 29/58 | €670,942 | €585,503 | -€85,439 | -12.7% |
| Amounts receivable within one year | 40/41 | €624,870 | €521,157 | -€103,713 | -16.6% |
| Trade receivables | 40 | €565,282 | €453,427 | -€111,855 | -19.8% |
| Other amounts receivable | 41 | €59,588 | €67,730 | +€8,142 | +13.7% |
| Current investments | 50/53 | €113 | €114 | +€1 | +0.9% |
| Cash at bank and in hand | 54/58 | €40,961 | €28,016 | -€12,945 | -31.6% |
| Deferred charges and accrued income | 490/1 | €4,998 | €36,216 | +€31,218 | +624.6% |
| Total equity and liabilities | 10/49 | €694,659 | €623,490 | -€71,169 | -10.2% |
| Equity | 10/15 | €110,777 | €157,508 | +€46,731 | +42.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €26,860 | +€10,000 | +59.3% |
| Distributable reserves | 133 | €16,860 | €26,860 | +€10,000 | +59.3% |
| Profit (loss) carried forward | 14 | €87,717 | €124,448 | +€36,731 | +41.9% |
| Amounts payable | 17/49 | €583,882 | €465,982 | -€117,900 | -20.2% |
| Amounts payable within one year | 42/48 | €580,006 | €465,982 | -€114,024 | -19.7% |
| Trade debts | 44 | €199,537 | €101,692 | -€97,845 | -49.0% |
| Suppliers | 440/4 | €199,537 | €101,692 | -€97,845 | -49.0% |
| Taxes, remuneration and social security | 45 | €284,023 | €288,299 | +€4,276 | +1.5% |
| Taxes | 450/3 | €56,691 | €27,131 | -€29,560 | -52.1% |
| Remuneration and social security | 454/9 | €227,332 | €261,168 | +€33,836 | +14.9% |
| Other amounts payable | 47/48 | €96,446 | €75,991 | -€20,455 | -21.2% |
| Accrued charges and deferred income | 492/3 | €3,876 | - | -€3,876 | |
| Remuneration, social security and pensions | 62 | €758,855 | €871,193 | +€112,338 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,293 | €10,038 | +€2,745 | +37.6% |
| Other operating charges | 640/8 | €30,214 | €32,568 | +€2,354 | +7.8% |
| Gross operating margin | 9900 | €927,988 | €1,003,322 | +€75,334 | +8.1% |
| Operating profit (loss) | 9901 | €131,626 | €89,523 | -€42,103 | -32.0% |
| Financial income | 75/76B | €680 | - | -€680 | |
| Recurring financial income | 75 | €680 | - | -€680 | |
| Financial charges | 65/66B | €25,348 | €39,370 | +€14,022 | +55.3% |
| Recurring financial charges | 65 | €25,348 | €39,370 | +€14,022 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €106,958 | €50,153 | -€56,805 | -53.1% |
| Income taxes | 67/77 | €35,290 | €15,080 | -€20,210 | -57.3% |
| Profit (loss) for the period | 9904 | €71,668 | €35,073 | -€36,595 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,668 | €35,073 | -€36,595 | -51.1% |
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 12 October 2026 via checked.be.