FEELINE: 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.
What changed
FEELINE
NACE 13.960, Manufacture of textiles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,812
2024 · €13,146+€4,666
Equity
€173,507
2024 · €155,695+€17,812
Cash
€30,163
2024 · €30,906-€743
Balance sheet total
€412,345
2024 · €394,664+€17,681
Largest movements
Assets
- Receivables within one year +€27,991
up €27,991 (+34.7%), from €80,725 to €108,717
of which Other amounts receivable: +€18,032
- Tangible fixed assets -€12,301
down €12,301 (-4.9%), from €250,927 to €238,625
of which Plant, machinery and equipment: -€23,797
- Stocks and contracts +€4,382
up €4,382 (+20.0%), from €21,937 to €26,319
Equity and liabilities
- Reserves +€17,812
up €17,812 (+25.9%), from €68,695 to €86,507
of which Distributable reserves: +€17,812
- Tax, wage and social debts -€5,260
down €5,260 (-10.7%), from €49,048 to €43,788
of which Taxes: -€6,590
- Current portion of long-term debt +€5,055
up €5,055 (+11.4%), from €44,350 to €49,405
- Short-term financial debts +€4,373
new in 2025: €4,373
Income statement
- Gross operating margin +€18,551
up €18,551 (+4.9%), from €380,682 to €399,233
- Staff costs +€12,977
up €12,977 (+4.4%), from €296,168 to €309,145
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.
Result 2024
€13,146
Gross operating margin
+€18,551
Staff costs
-€12,977
Depreciation
-€930
Other operating charges
-€261
Financial income
+€704
Financial charges
+€1,325
Taxes
-€1,746
Result 2025
€17,812
raises the resultlowers the result
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.
From operations
+€38,889
Investment
-€49,155
Financing
+€9,523
Cash 2024
€30,906
From operations (derived)
+€38,889
Net result for the year
+€17,812
Depreciation
+€61,757
Stocks and contracts
-€4,382
Receivables within one year
-€27,991
Deferred charges and accrued income
+€1,347
Trade debts
-€3,910
Tax, wage and social debts
-€5,260
Other debts
-€1,038
Accrued charges and deferred income
+€554
Investment (derived)
-€49,155
Investment in fixed assets (net)
-€49,188
Current investments
+€32
Financing
+€9,523
Debts after one year
+€95
Current portion of long-term debt
+€5,055
Short-term financial debts
+€4,373
Cash 2025
€30,163
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,664 | €412,345 | +€17,681 | +4.5% |
| Fixed assets | 21/28 | €256,349 | €243,780 | -€12,569 | -4.9% |
| Intangible fixed assets | 21 | €5,423 | €5,154 | -€268 | -4.9% |
| Tangible fixed assets | 22/27 | €250,927 | €238,625 | -€12,301 | -4.9% |
| Plant, machinery and equipment | 23 | €75,250 | €51,452 | -€23,797 | -31.6% |
| Furniture and vehicles | 24 | €103,886 | €123,782 | +€19,895 | +19.2% |
| Other tangible fixed assets | 26 | €71,791 | €63,391 | -€8,400 | -11.7% |
| Current assets | 29/58 | €138,314 | €168,565 | +€30,251 | +21.9% |
| Stocks and contracts in progress | 3 | €21,937 | €26,319 | +€4,382 | +20.0% |
| Stocks | 30/36 | €21,937 | €26,319 | +€4,382 | +20.0% |
| Amounts receivable within one year | 40/41 | €80,725 | €108,717 | +€27,991 | +34.7% |
| Trade receivables | 40 | €80,100 | €90,059 | +€9,959 | +12.4% |
| Other amounts receivable | 41 | €626 | €18,657 | +€18,032 | +2,882% |
| Current investments | 50/53 | €32 | €0 | -€32 | -100% |
| Cash at bank and in hand | 54/58 | €30,906 | €30,163 | -€743 | -2.4% |
| Deferred charges and accrued income | 490/1 | €4,713 | €3,366 | -€1,347 | -28.6% |
| Total equity and liabilities | 10/49 | €394,664 | €412,345 | +€17,681 | +4.5% |
| Equity | 10/15 | €155,695 | €173,507 | +€17,812 | +11.4% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €68,695 | €86,507 | +€17,812 | +25.9% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Distributable reserves | 133 | €59,995 | €77,807 | +€17,812 | +29.7% |
| Amounts payable | 17/49 | €238,969 | €238,838 | -€131 | -0.1% |
| Amounts payable after more than one year | 17 | €136,692 | €136,787 | +€95 | +0.1% |
| Financial debts | 170/4 | €136,692 | €136,787 | +€95 | +0.1% |
| Amounts payable within one year | 42/48 | €101,343 | €100,563 | -€780 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €44,350 | €49,405 | +€5,055 | +11.4% |
| Financial debts | 43 | - | €4,373 | +€4,373 | |
| Credit institutions | 430/8 | - | €4,373 | +€4,373 | |
| Trade debts | 44 | €6,820 | €2,909 | -€3,910 | -57.3% |
| Suppliers | 440/4 | €6,820 | €2,909 | -€3,910 | -57.3% |
| Taxes, remuneration and social security | 45 | €49,048 | €43,788 | -€5,260 | -10.7% |
| Taxes | 450/3 | €17,530 | €10,940 | -€6,590 | -37.6% |
| Remuneration and social security | 454/9 | €31,518 | €32,848 | +€1,330 | +4.2% |
| Other amounts payable | 47/48 | €1,125 | €87 | -€1,038 | -92.2% |
| Accrued charges and deferred income | 492/3 | €934 | €1,488 | +€554 | +59.3% |
| Non-recurring operating income | 76A | €14,646 | €0 | -€14,646 | -100% |
| Remuneration, social security and pensions | 62 | €296,168 | €309,145 | +€12,977 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,827 | €61,757 | +€930 | +1.5% |
| Other operating charges | 640/8 | €1,240 | €1,502 | +€261 | +21.1% |
| Gross operating margin | 9900 | €380,682 | €399,233 | +€18,551 | +4.9% |
| Operating profit (loss) | 9901 | €22,447 | €26,830 | +€4,383 | +19.5% |
| Financial income | 75/76B | €68 | €772 | +€704 | +1,028% |
| Recurring financial income | 75 | €68 | €772 | +€704 | +1,028% |
| Financial charges | 65/66B | €8,940 | €7,614 | -€1,325 | -14.8% |
| Recurring financial charges | 65 | €8,940 | €7,614 | -€1,325 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €13,575 | €19,988 | +€6,412 | +47.2% |
| Income taxes | 67/77 | €429 | €2,176 | +€1,746 | +407% |
| Profit (loss) for the period | 9904 | €13,146 | €17,812 | +€4,666 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,146 | €17,812 | +€4,666 | +35.5% |
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 14 October 2026 via checked.be.