FEEL DOG: 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.
FEEL DOG
Largest movements
- Cash +€12,371
up €12,371 (+111%), from €11,148 to €23,519
mainly Net result for the year (+€7,993) and Trade debts (+€5,582)
- Receivables after one year -€3,999
down €3,999 (-84.0%), from €4,763 to €764
- Receivables within one year +€3,182
up €3,182 (+11.1%), from €28,786 to €31,969
of which Trade receivables: +€1,644
- Stocks and contracts +€2,276
up €2,276 (+13.1%), from €17,309 to €19,585
- Reserves +€7,993
up €7,993 (+98.9%), from €8,086 to €16,078
- Trade debts +€5,582
up €5,582 (+355%), from €1,574 to €7,156
- Debts after one year -€3,999
down €3,999 (-69.4%), from €5,763 to €1,764
- Advances received +€2,640
new in 2025: €2,640
- Tax, wage and social debts +€1,773
up €1,773 (+8.9%), from €19,926 to €21,698
of which Taxes: +€4,638
- Gross operating margin -€30,829
down €30,829 (-45.4%), from €67,958 to €37,129
- Staff costs -€8,580
down €8,580 (-28.3%), from €30,292 to €21,712
- Taxes -€3,017
down €3,017 (-31.1%), from €9,686 to €6,670
- Financial charges -€737
down €737 (-50.3%), from €1,464 to €727
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 | €66,745 | €80,977 | +€14,231 | +21.3% |
| Fixed assets | 21/28 | €4,267 | €4,936 | +€669 | +15.7% |
| Tangible fixed assets | 22/27 | €1,972 | €2,641 | +€669 | +33.9% |
| Plant, machinery and equipment | 23 | €323 | €1,294 | +€972 | +301% |
| Furniture and vehicles | 24 | €803 | €666 | -€137 | -17.0% |
| Other tangible fixed assets | 26 | €847 | €681 | -€166 | -19.6% |
| Financial fixed assets | 28 | €2,295 | €2,295 | = | 0.0% |
| Current assets | 29/58 | €62,478 | €76,040 | +€13,562 | +21.7% |
| Amounts receivable after more than one year | 29 | €4,763 | €764 | -€3,999 | -84.0% |
| Other amounts receivable | 291 | €4,763 | €764 | -€3,999 | -84.0% |
| Stocks and contracts in progress | 3 | €17,309 | €19,585 | +€2,276 | +13.1% |
| Stocks | 30/36 | €17,309 | €19,585 | +€2,276 | +13.1% |
| Amounts receivable within one year | 40/41 | €28,786 | €31,969 | +€3,182 | +11.1% |
| Trade receivables | 40 | €3,600 | €5,244 | +€1,644 | +45.7% |
| Other amounts receivable | 41 | €25,187 | €26,725 | +€1,538 | +6.1% |
| Cash at bank and in hand | 54/58 | €11,148 | €23,519 | +€12,371 | +111% |
| Deferred charges and accrued income | 490/1 | €471 | €203 | -€268 | -56.9% |
| Total equity and liabilities | 10/49 | €66,745 | €80,977 | +€14,231 | +21.3% |
| Equity | 10/15 | €35,727 | €43,719 | +€7,993 | +22.4% |
| Contributions | 10/11 | €1,650 | €1,650 | = | 0.0% |
| Reserves | 13 | €8,086 | €16,078 | +€7,993 | +98.9% |
| Distributable reserves | 133 | €8,086 | €16,078 | +€7,993 | +98.9% |
| Profit (loss) carried forward | 14 | €25,991 | €25,991 | = | 0.0% |
| Amounts payable | 17/49 | €31,018 | €37,257 | +€6,239 | +20.1% |
| Amounts payable after more than one year | 17 | €5,763 | €1,764 | -€3,999 | -69.4% |
| Financial debts | 170/4 | €5,763 | €1,764 | -€3,999 | -69.4% |
| Amounts payable within one year | 42/48 | €25,187 | €35,493 | +€10,306 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €3,687 | €3,999 | +€312 | +8.4% |
| Trade debts | 44 | €1,574 | €7,156 | +€5,582 | +355% |
| Suppliers | 440/4 | €1,574 | €7,156 | +€5,582 | +355% |
| Advances received on contracts in progress | 46 | - | €2,640 | +€2,640 | |
| Taxes, remuneration and social security | 45 | €19,926 | €21,698 | +€1,773 | +8.9% |
| Taxes | 450/3 | €14,660 | €19,298 | +€4,638 | +31.6% |
| Remuneration and social security | 454/9 | €5,265 | €2,400 | -€2,865 | -54.4% |
| Accrued charges and deferred income | 492/3 | €68 | - | -€68 | |
| Remuneration, social security and pensions | 62 | €30,292 | €21,712 | -€8,580 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,341 | €1,062 | -€280 | -20.9% |
| Other operating charges | 640/8 | €287 | €639 | +€352 | +122% |
| Non-recurring operating charges | 66A | €417 | €127 | -€290 | -69.6% |
| Gross operating margin | 9900 | €67,958 | €37,129 | -€30,829 | -45.4% |
| Operating profit (loss) | 9901 | €35,621 | €13,590 | -€22,032 | -61.8% |
| Financial income | 75/76B | €1,523 | €1,800 | +€277 | +18.2% |
| Recurring financial income | 75 | €1,523 | €1,800 | +€277 | +18.2% |
| Financial charges | 65/66B | €1,464 | €727 | -€737 | -50.3% |
| Recurring financial charges | 65 | €1,464 | €727 | -€737 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €35,680 | €14,662 | -€21,018 | -58.9% |
| Income taxes | 67/77 | €9,686 | €6,670 | -€3,017 | -31.1% |
| Profit (loss) for the period | 9904 | €25,993 | €7,993 | -€18,001 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,993 | €7,993 | -€18,001 | -69.3% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.