FEED MANAGEMENT: 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.
FEED MANAGEMENT
Largest movements
- Current investments -€622,234
down €622,234 (-86.1%), from €722,753 to €100,519
- Cash +€344,290
up €344,290 (+327.4%), from €105,174 to €449,465
mainly Current investments (+€622,234) and Net result for the year (+€375,604)
- Tangible fixed assets +€326,164
up €326,164 (+1580.6%), from €20,635 to €346,799
- Receivables within one year +€186,271
up €186,271 (+205.7%), from €90,570 to €276,840
of which Other amounts receivable: +€191,836
- Reserves +€375,500
up €375,500 (+23.4%), from €1.6m to €2.0m
of which Distributable reserves: +€375,500
- Other debts -€112,681
down €112,681 (-54.7%), from €206,065 to €93,384
- Financial income +€237,959
up €237,959 (+2920.8%), from €8,147 to €246,106
- Depreciation +€19,029
up €19,029 (+303.7%), from €6,267 to €25,296
- Other operating charges +€5,828
up €5,828 (+504.8%), from €1,154 to €6,982
- Gross operating margin +€3,822
up €3,822 (+1.8%), from €209,966 to €213,787
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 | €1,889,662 | €2,127,872 | +€238,210 | +12.6% |
| Fixed assets | 21/28 | €971,165 | €1,297,329 | +€326,164 | +33.6% |
| Tangible fixed assets | 22/27 | €20,635 | €346,799 | +€326,164 | +1580.6% |
| Furniture and vehicles | 24 | €20,635 | €346,799 | +€326,164 | +1580.6% |
| Financial fixed assets | 28 | €950,530 | €950,530 | = | 0.0% |
| Current assets | 29/58 | €918,497 | €830,543 | -€87,954 | -9.6% |
| Amounts receivable within one year | 40/41 | €90,570 | €276,840 | +€186,271 | +205.7% |
| Trade receivables | 40 | €30,566 | €25,001 | -€5,565 | -18.2% |
| Other amounts receivable | 41 | €60,003 | €251,839 | +€191,836 | +319.7% |
| Current investments | 50/53 | €722,753 | €100,519 | -€622,234 | -86.1% |
| Cash at bank and in hand | 54/58 | €105,174 | €449,465 | +€344,290 | +327.4% |
| Deferred charges and accrued income | 490/1 | €0 | €3,719 | +€3,719 | |
| Total equity and liabilities | 10/49 | €1,889,662 | €2,127,872 | +€238,210 | +12.6% |
| Equity | 10/15 | €1,647,000 | €2,022,604 | +€375,604 | +22.8% |
| Contributions | 10/11 | €30,650 | €30,650 | = | 0.0% |
| Reserves | 13 | €1,607,925 | €1,983,425 | +€375,500 | +23.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,607,925 | €1,983,425 | +€375,500 | +23.4% |
| Profit (loss) carried forward | 14 | €8,425 | €8,529 | +€104 | +1.2% |
| Amounts payable | 17/49 | €242,662 | €105,269 | -€137,394 | -56.6% |
| Amounts payable within one year | 42/48 | €242,662 | €105,269 | -€137,394 | -56.6% |
| Trade debts | 44 | €19,296 | €11,385 | -€7,911 | -41.0% |
| Suppliers | 440/4 | €19,296 | €11,385 | -€7,911 | -41.0% |
| Taxes, remuneration and social security | 45 | €17,301 | €500 | -€16,801 | -97.1% |
| Taxes | 450/3 | €16,801 | €0 | -€16,801 | -100.0% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €206,065 | €93,384 | -€112,681 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,267 | €25,296 | +€19,029 | +303.7% |
| Other operating charges | 640/8 | €1,154 | €6,982 | +€5,828 | +504.8% |
| Gross operating margin | 9900 | €209,966 | €213,787 | +€3,822 | +1.8% |
| Operating profit (loss) | 9901 | €202,544 | €181,509 | -€21,035 | -10.4% |
| Financial income | 75/76B | €8,147 | €246,106 | +€237,959 | +2920.8% |
| Recurring financial income | 75 | €8,147 | €246,106 | +€237,959 | +2920.8% |
| Financial charges | 65/66B | €56 | €159 | +€103 | +185.9% |
| Recurring financial charges | 65 | €56 | €159 | +€103 | +185.9% |
| Profit (loss) for the period before taxes | 9903 | €210,636 | €427,456 | +€216,820 | +102.9% |
| Income taxes | 67/77 | €53,539 | €51,853 | -€1,686 | -3.1% |
| Profit (loss) for the period | 9904 | €157,097 | €375,604 | +€218,507 | +139.1% |
| Profit (loss) for the period to be appropriated | 9905 | €157,097 | €375,604 | +€218,507 | +139.1% |
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 2 October 2026 via checked.be.