FEEL-LIPPO: 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-LIPPO
Largest movements
- Tangible fixed assets -€11,481
down €11,481 (-6.1%), from €188,919 to €177,437
of which Land and buildings: -€10,573
- Receivables within one year -€9,717
down €9,717 (-99.8%), from €9,733 to €16
of which Trade receivables: -€9,733
- Other debts -€21,717
down €21,717 (-66.9%), from €32,464 to €10,747
- Current portion of long-term debt -€6,667
down €6,667 (-40.5%), from €16,456 to €9,789
- Debts after one year -€6,079
down €6,079 (-9.7%), from €62,903 to €56,824
- Profit (loss) carried forward +€4,166
up €4,166 (+11.2%), from €37,291 to €41,457
- Trade debts +€3,349
up €3,349 (+42.1%), from €7,959 to €11,309
- Gross operating margin -€12,351
down €12,351 (-30.0%), from €41,174 to €28,823
- Taxes +€3,600
new in 2025: €3,600
- Financial charges -€2,378
down €2,378 (-28.5%), from €8,356 to €5,978
- Depreciation -€851
down €851 (-6.9%), from €12,332 to €11,481
- Other operating charges -€598
down €598 (-14.3%), from €4,196 to €3,598
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 | €203,832 | €183,321 | -€20,511 | -10.1% |
| Fixed assets | 21/28 | €188,920 | €177,439 | -€11,481 | -6.1% |
| Tangible fixed assets | 22/27 | €188,919 | €177,437 | -€11,481 | -6.1% |
| Land and buildings | 22 | €186,742 | €176,170 | -€10,573 | -5.7% |
| Plant, machinery and equipment | 23 | €892 | €637 | -€255 | -28.6% |
| Furniture and vehicles | 24 | €1,284 | €630 | -€654 | -50.9% |
| Financial fixed assets | 28 | €2 | €2 | = | 0.0% |
| Current assets | 29/58 | €14,912 | €5,882 | -€9,030 | -60.6% |
| Stocks and contracts in progress | 3 | €2,250 | €2,250 | = | 0.0% |
| Stocks | 30/36 | €2,250 | €2,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,733 | €16 | -€9,717 | -99.8% |
| Trade receivables | 40 | €9,733 | - | -€9,733 | |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €2,075 | €2,613 | +€538 | +25.9% |
| Deferred charges and accrued income | 490/1 | €855 | €1,003 | +€149 | +17.4% |
| Total equity and liabilities | 10/49 | €203,832 | €183,321 | -€20,511 | -10.1% |
| Equity | 10/15 | €57,751 | €61,917 | +€4,166 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,291 | €41,457 | +€4,166 | +11.2% |
| Amounts payable | 17/49 | €146,081 | €121,404 | -€24,677 | -16.9% |
| Amounts payable after more than one year | 17 | €62,903 | €56,824 | -€6,079 | -9.7% |
| Financial debts | 170/4 | €62,903 | €56,824 | -€6,079 | -9.7% |
| Amounts payable within one year | 42/48 | €83,178 | €64,580 | -€18,598 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €16,456 | €9,789 | -€6,667 | -40.5% |
| Financial debts | 43 | €22,858 | €25,208 | +€2,350 | +10.3% |
| Credit institutions | 430/8 | €22,858 | €25,208 | +€2,350 | +10.3% |
| Trade debts | 44 | €7,959 | €11,309 | +€3,349 | +42.1% |
| Suppliers | 440/4 | €7,959 | €11,309 | +€3,349 | +42.1% |
| Advances received on contracts in progress | 46 | - | €3,343 | +€3,343 | |
| Taxes, remuneration and social security | 45 | €3,441 | €4,184 | +€744 | +21.6% |
| Taxes | 450/3 | €3,441 | €4,080 | +€640 | +18.6% |
| Remuneration and social security | 454/9 | - | €104 | +€104 | |
| Other amounts payable | 47/48 | €32,464 | €10,747 | -€21,717 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,332 | €11,481 | -€851 | -6.9% |
| Other operating charges | 640/8 | €4,196 | €3,598 | -€598 | -14.3% |
| Gross operating margin | 9900 | €41,174 | €28,823 | -€12,351 | -30.0% |
| Operating profit (loss) | 9901 | €24,646 | €13,744 | -€10,902 | -44.2% |
| Financial income | 75/76B | €294 | - | -€294 | |
| Recurring financial income | 75 | €294 | - | -€294 | |
| Financial charges | 65/66B | €8,356 | €5,978 | -€2,378 | -28.5% |
| Recurring financial charges | 65 | €8,356 | €5,978 | -€2,378 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €16,584 | €7,766 | -€8,818 | -53.2% |
| Income taxes | 67/77 | - | €3,600 | +€3,600 | |
| Profit (loss) for the period | 9904 | €16,584 | €4,166 | -€12,418 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,584 | €4,166 | -€12,418 | -74.9% |
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 28 October 2026 via checked.be.