Feeling Vremde: 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.
Feeling Vremde
Largest movements
- Cash -€93,764
down €93,764 (-79.0%), from €118,625 to €24,862
mainly Investment in fixed assets (net) (-€83,020) and Trade debts (-€49,043)
- Tangible fixed assets +€65,210
up €65,210 (+70.3%), from €92,794 to €158,004
of which Plant, machinery and equipment: +€39,699
- Receivables within one year -€3,461
down €3,461 (-48.2%), from €7,175 to €3,714
of which Other amounts receivable: -€1,927
- Deferred charges and accrued income +€2,356
up €2,356, from €0 to €2,356
- Trade debts -€49,043
down €49,043 (-95.2%), from €51,510 to €2,467
- Debts after one year +€13,049
up €13,049 (+11.2%), from €116,911 to €129,960
- Current portion of long-term debt +€5,750
up €5,750 (+42.4%), from €13,575 to €19,324
- Reserves +€5,665
up €5,665 (+41.7%), from €13,596 to €19,260
- Other debts -€3,722
down €3,722 (-14.2%), from €26,231 to €22,508
- Gross operating margin +€12,582
up €12,582 (+66.8%), from €18,834 to €31,415
- Depreciation +€10,999
up €10,999 (+136.9%), from €8,036 to €19,035
- Financial charges +€2,536
up €2,536 (+82.4%), from €3,078 to €5,614
- Taxes -€1,097
down €1,097 (-81.2%), from €1,350 to €253
- Other operating charges -€531
down €531 (-38.5%), from €1,380 to €849
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 | €229,446 | €198,442 | -€31,005 | -13.5% |
| Fixed assets | 21/28 | €96,365 | €160,350 | +€63,985 | +66.4% |
| Intangible fixed assets | 21 | €3,571 | €2,346 | -€1,225 | -34.3% |
| Tangible fixed assets | 22/27 | €92,794 | €158,004 | +€65,210 | +70.3% |
| Land and buildings | 22 | €58,776 | €84,911 | +€26,135 | +44.5% |
| Plant, machinery and equipment | 23 | €32,458 | €72,157 | +€39,699 | +122.3% |
| Furniture and vehicles | 24 | €1,560 | €936 | -€624 | -40.0% |
| Current assets | 29/58 | €133,081 | €38,092 | -€94,989 | -71.4% |
| Stocks and contracts in progress | 3 | €7,281 | €7,161 | -€120 | -1.7% |
| Stocks | 30/36 | €7,281 | €7,161 | -€120 | -1.7% |
| Amounts receivable within one year | 40/41 | €7,175 | €3,714 | -€3,461 | -48.2% |
| Trade receivables | 40 | €3,101 | €1,567 | -€1,534 | -49.5% |
| Other amounts receivable | 41 | €4,074 | €2,147 | -€1,927 | -47.3% |
| Cash at bank and in hand | 54/58 | €118,625 | €24,862 | -€93,764 | -79.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,356 | +€2,356 | |
| Total equity and liabilities | 10/49 | €229,446 | €198,442 | -€31,005 | -13.5% |
| Equity | 10/15 | €16,096 | €21,760 | +€5,665 | +35.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,596 | €19,260 | +€5,665 | +41.7% |
| Distributable reserves | 133 | €13,596 | €19,260 | +€5,665 | +41.7% |
| Amounts payable | 17/49 | €213,350 | €176,681 | -€36,669 | -17.2% |
| Amounts payable after more than one year | 17 | €116,911 | €129,960 | +€13,049 | +11.2% |
| Financial debts | 170/4 | €116,911 | €129,960 | +€13,049 | +11.2% |
| Amounts payable within one year | 42/48 | €93,356 | €46,721 | -€46,635 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €13,575 | €19,324 | +€5,750 | +42.4% |
| Trade debts | 44 | €51,510 | €2,467 | -€49,043 | -95.2% |
| Suppliers | 440/4 | €51,510 | €2,467 | -€49,043 | -95.2% |
| Taxes, remuneration and social security | 45 | €2,041 | €2,421 | +€381 | +18.7% |
| Taxes | 450/3 | €141 | €521 | +€381 | +271.0% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €26,231 | €22,508 | -€3,722 | -14.2% |
| Accrued charges and deferred income | 492/3 | €3,083 | €0 | -€3,083 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,036 | €19,035 | +€10,999 | +136.9% |
| Other operating charges | 640/8 | €1,380 | €849 | -€531 | -38.5% |
| Gross operating margin | 9900 | €18,834 | €31,415 | +€12,582 | +66.8% |
| Operating profit (loss) | 9901 | €9,418 | €11,531 | +€2,113 | +22.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,078 | €5,614 | +€2,536 | +82.4% |
| Recurring financial charges | 65 | €3,078 | €5,614 | +€2,536 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | €6,340 | €5,918 | -€422 | -6.6% |
| Income taxes | 67/77 | €1,350 | €253 | -€1,097 | -81.2% |
| Profit (loss) for the period | 9904 | €4,989 | €5,665 | +€675 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,989 | €5,665 | +€675 | +13.5% |
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 9 October 2026 via checked.be.