Feeder HG: 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.
Feeder HG
Largest movements
- Financial fixed assets +€3.9m
up €3.9m (+126.7%), from €3.1m to €7.0m
- Cash +€155,200
up €155,200 (+81.8%), from €189,721 to €344,921
mainly Contributions, distributions and other (+€4.1m)
- Contributions +€4.1m
up €4.1m (+116.0%), from €3.5m to €7.5m
- Gross operating margin -€1,163
down €1,163 (-18.9%), from -€6,138 to -€7,301
- Other operating charges -€363
down €363 (-24.5%), from €1,481 to €1,118
- Financial charges -€113
down €113 (-71.4%), from €158 to €45
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 | €3,255,952 | €7,296,862 | +€4.0m | +124.1% |
| Fixed assets | 21/28 | €3,066,231 | €6,951,942 | +€3.9m | +126.7% |
| Financial fixed assets | 28 | €3,066,231 | €6,951,942 | +€3.9m | +126.7% |
| Current assets | 29/58 | €189,721 | €344,921 | +€155,200 | +81.8% |
| Cash at bank and in hand | 54/58 | €189,721 | €344,921 | +€155,200 | +81.8% |
| Total equity and liabilities | 10/49 | €3,255,952 | €7,296,862 | +€4.0m | +124.1% |
| Equity | 10/15 | €3,253,846 | €7,295,382 | +€4.0m | +124.2% |
| Contributions | 10/11 | €3,491,860 | €7,541,860 | +€4.1m | +116.0% |
| Profit (loss) carried forward | 14 | -€238,014 | -€246,478 | -€8,464 | -3.6% |
| Amounts payable | 17/49 | €2,106 | €1,481 | -€625 | -29.7% |
| Amounts payable within one year | 42/48 | €2,106 | €1,481 | -€625 | -29.7% |
| Trade debts | 44 | €2,106 | €1,481 | -€625 | -29.7% |
| Suppliers | 440/4 | €2,106 | €1,481 | -€625 | -29.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €1,481 | €1,118 | -€363 | -24.5% |
| Gross operating margin | 9900 | -€6,138 | -€7,301 | -€1,163 | -18.9% |
| Operating profit (loss) | 9901 | -€7,619 | -€8,419 | -€800 | -10.5% |
| Financial charges | 65/66B | €158 | €45 | -€113 | -71.4% |
| Recurring financial charges | 65 | €158 | €45 | -€113 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,777 | -€8,464 | -€687 | -8.8% |
| Profit (loss) for the period | 9904 | -€7,777 | -€8,464 | -€687 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,777 | -€8,464 | -€687 | -8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.