FEELImmo: 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.
FEELImmo
Largest movements
- Cash -€150,255
down €150,255 (-38.3%), from €392,548 to €242,292
mainly Contributions, distributions and other (-€373,901) and Investment in fixed assets (net) (-€3,510)
- Receivables within one year -€104,589
down €104,589 (-66.3%), from €157,800 to €53,211
of which Other amounts receivable: -€96,764
- Tangible fixed assets -€17,226
down €17,226 (-34.2%), from €50,354 to €33,128
of which Furniture and vehicles: -€14,681
- Deferred charges and accrued income -€12,613
no longer reported in 2025 (was €12,613)
- Reserves -€293,471
down €293,471 (-50.5%), from €581,486 to €288,016
- Tax, wage and social debts +€11,447
up €11,447 (+55.8%), from €20,513 to €31,960
of which Taxes: +€15,026
- Gross operating margin +€41,543
up €41,543 (+46.8%), from €88,858 to €130,402
- Taxes +€10,932
up €10,932 (+49.3%), from €22,160 to €33,093
- Financial income -€1,642
down €1,642 (-22.4%), from €7,325 to €5,683
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 | €613,314 | €328,631 | -€284,683 | -46.4% |
| Fixed assets | 21/28 | €50,354 | €33,128 | -€17,226 | -34.2% |
| Tangible fixed assets | 22/27 | €50,354 | €33,128 | -€17,226 | -34.2% |
| Plant, machinery and equipment | 23 | €2,609 | €3,966 | +€1,357 | +52.0% |
| Furniture and vehicles | 24 | €29,368 | €14,687 | -€14,681 | -50.0% |
| Other tangible fixed assets | 26 | €18,377 | €14,474 | -€3,903 | -21.2% |
| Current assets | 29/58 | €562,960 | €295,503 | -€267,457 | -47.5% |
| Amounts receivable within one year | 40/41 | €157,800 | €53,211 | -€104,589 | -66.3% |
| Trade receivables | 40 | €21,709 | €13,885 | -€7,825 | -36.0% |
| Other amounts receivable | 41 | €136,091 | €39,326 | -€96,764 | -71.1% |
| Cash at bank and in hand | 54/58 | €392,548 | €242,292 | -€150,255 | -38.3% |
| Deferred charges and accrued income | 490/1 | €12,613 | - | -€12,613 | |
| Total equity and liabilities | 10/49 | €613,314 | €328,631 | -€284,683 | -46.4% |
| Equity | 10/15 | €587,686 | €294,216 | -€293,471 | -49.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €581,486 | €288,016 | -€293,471 | -50.5% |
| Distributable reserves | 133 | €581,486 | €288,016 | -€293,471 | -50.5% |
| Amounts payable | 17/49 | €25,628 | €34,416 | +€8,788 | +34.3% |
| Amounts payable within one year | 42/48 | €25,628 | €34,416 | +€8,788 | +34.3% |
| Trade debts | 44 | €5,116 | €2,456 | -€2,660 | -52.0% |
| Suppliers | 440/4 | €5,116 | €2,456 | -€2,660 | -52.0% |
| Taxes, remuneration and social security | 45 | €20,513 | €31,960 | +€11,447 | +55.8% |
| Taxes | 450/3 | €16,934 | €31,960 | +€15,026 | +88.7% |
| Remuneration and social security | 454/9 | €3,579 | - | -€3,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,512 | €20,736 | -€775 | -3.6% |
| Other operating charges | 640/8 | €1,291 | €1,373 | +€82 | +6.4% |
| Gross operating margin | 9900 | €88,858 | €130,402 | +€41,543 | +46.8% |
| Operating profit (loss) | 9901 | €66,056 | €108,292 | +€42,236 | +63.9% |
| Financial income | 75/76B | €7,325 | €5,683 | -€1,642 | -22.4% |
| Recurring financial income | 75 | €7,325 | €5,683 | -€1,642 | -22.4% |
| Financial charges | 65/66B | €51 | €452 | +€402 | +790.0% |
| Recurring financial charges | 65 | €51 | €452 | +€402 | +790.0% |
| Profit (loss) for the period before taxes | 9903 | €73,330 | €113,523 | +€40,192 | +54.8% |
| Income taxes | 67/77 | €22,160 | €33,093 | +€10,932 | +49.3% |
| Profit (loss) for the period | 9904 | €51,170 | €80,430 | +€29,260 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,170 | €80,430 | +€29,260 | +57.2% |
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 9 October 2026 via checked.be.