FEEL: 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.
FEEL
Largest movements
- Receivables within one year +€14,378
up €14,378 (+16.1%), from €89,264 to €103,642
of which Other amounts receivable: +€25,858
- Tangible fixed assets -€6,173
down €6,173 (-21.6%), from €28,567 to €22,394
of which Plant, machinery and equipment: -€4,979
- Cash -€1,587
down €1,587 (-99.8%), from €1,590 to €3
mainly Receivables within one year (-€14,378) and Accrued charges and deferred income (-€8,324)
- Tax, wage and social debts +€9,289
up €9,289 (+43.9%), from €21,159 to €30,448
of which Remuneration and social security: +€7,780
- Accrued charges and deferred income -€8,324
no longer reported in 2025 (was €8,324)
- Profit (loss) carried forward +€3,490
up €3,490 (+10.5%), from €33,090 to €36,580
- Trade debts +€2,135
up €2,135 (+7.6%), from €28,075 to €30,211
- Gross operating margin -€43,605
down €43,605 (-51.4%), from €84,801 to €41,196
- Staff costs -€14,247
down €14,247 (-45.3%), from €31,460 to €17,213
- Taxes -€3,167
down €3,167 (-28.8%), from €10,991 to €7,824
- Financial charges -€1,402
down €1,402 (-59.0%), from €2,377 to €975
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 | €119,449 | €126,039 | +€6,590 | +5.5% |
| Fixed assets | 21/28 | €28,567 | €22,394 | -€6,173 | -21.6% |
| Tangible fixed assets | 22/27 | €28,567 | €22,394 | -€6,173 | -21.6% |
| Land and buildings | 22 | €1,763 | €831 | -€932 | -52.8% |
| Plant, machinery and equipment | 23 | €20,679 | €15,701 | -€4,979 | -24.1% |
| Furniture and vehicles | 24 | €6,124 | €5,862 | -€263 | -4.3% |
| Current assets | 29/58 | €90,882 | €103,645 | +€12,763 | +14.0% |
| Amounts receivable within one year | 40/41 | €89,264 | €103,642 | +€14,378 | +16.1% |
| Trade receivables | 40 | €48,111 | €36,632 | -€11,480 | -23.9% |
| Other amounts receivable | 41 | €41,152 | €67,010 | +€25,858 | +62.8% |
| Cash at bank and in hand | 54/58 | €1,590 | €3 | -€1,587 | -99.8% |
| Deferred charges and accrued income | 490/1 | €29 | - | -€29 | |
| Total equity and liabilities | 10/49 | €119,449 | €126,039 | +€6,590 | +5.5% |
| Equity | 10/15 | €36,090 | €39,580 | +€3,490 | +9.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,090 | €36,580 | +€3,490 | +10.5% |
| Amounts payable | 17/49 | €83,359 | €86,459 | +€3,100 | +3.7% |
| Amounts payable within one year | 42/48 | €75,035 | €86,459 | +€11,424 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €23,830 | €23,830 | = | 0.0% |
| Trade debts | 44 | €28,075 | €30,211 | +€2,135 | +7.6% |
| Suppliers | 440/4 | €28,075 | €30,211 | +€2,135 | +7.6% |
| Taxes, remuneration and social security | 45 | €21,159 | €30,448 | +€9,289 | +43.9% |
| Taxes | 450/3 | €18,187 | €19,696 | +€1,509 | +8.3% |
| Remuneration and social security | 454/9 | €2,972 | €10,752 | +€7,780 | +261.8% |
| Other amounts payable | 47/48 | €1,970 | €1,970 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,324 | - | -€8,324 | |
| Remuneration, social security and pensions | 62 | €31,460 | €17,213 | -€14,247 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,951 | €9,458 | -€493 | -5.0% |
| Other operating charges | 640/8 | €4,176 | €4,570 | +€393 | +9.4% |
| Gross operating margin | 9900 | €84,801 | €41,196 | -€43,605 | -51.4% |
| Operating profit (loss) | 9901 | €39,214 | €9,956 | -€29,259 | -74.6% |
| Financial income | 75/76B | €2,083 | €2,332 | +€249 | +12.0% |
| Recurring financial income | 75 | €2,083 | €2,332 | +€249 | +12.0% |
| Financial charges | 65/66B | €2,377 | €975 | -€1,402 | -59.0% |
| Recurring financial charges | 65 | €2,377 | €975 | -€1,402 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €38,920 | €11,313 | -€27,607 | -70.9% |
| Income taxes | 67/77 | €10,991 | €7,824 | -€3,167 | -28.8% |
| Profit (loss) for the period | 9904 | €27,930 | €3,490 | -€24,440 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,930 | €3,490 | -€24,440 | -87.5% |
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 30 September 2026 via checked.be.