FEELSAFE: 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.
FEELSAFE
Largest movements
- Receivables within one year +€260,336
up €260,336 (+1,701%), from €15,303 to €275,639
of which Trade receivables: +€150,477
- Cash +€16,966
up €16,966 (+87.5%), from €19,383 to €36,349
mainly Trade debts (+€117,028) and Net result for the year (+€100,422)
- Tangible fixed assets -€4,998
down €4,998 (-21.3%), from €23,447 to €18,449
- Trade debts +€117,028
new in 2025: €117,028
- Reserves +€95,000
new in 2025: €95,000
- Tax, wage and social debts +€57,265
new in 2025: €57,265
- Profit (loss) carried forward +€5,422
up €5,422 (+11.9%), from €45,706 to €51,128
- Gross operating margin +€86,721
up €86,721 (+141%), from €61,466 to €148,187
- Taxes +€27,363
up €27,363 (+193%), from €14,146 to €41,509
- Depreciation +€3,455
up €3,455 (+224%), from €1,543 to €4,998
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 | €58,133 | €330,437 | +€272,304 | +468% |
| Fixed assets | 21/28 | €23,447 | €18,449 | -€4,998 | -21.3% |
| Tangible fixed assets | 22/27 | €23,447 | €18,449 | -€4,998 | -21.3% |
| Furniture and vehicles | 24 | €23,447 | €18,449 | -€4,998 | -21.3% |
| Current assets | 29/58 | €34,686 | €311,988 | +€277,302 | +799% |
| Amounts receivable within one year | 40/41 | €15,303 | €275,639 | +€260,336 | +1,701% |
| Trade receivables | 40 | €9,524 | €160,002 | +€150,477 | +1,580% |
| Other amounts receivable | 41 | €5,779 | €115,638 | +€109,859 | +1,901% |
| Cash at bank and in hand | 54/58 | €19,383 | €36,349 | +€16,966 | +87.5% |
| Total equity and liabilities | 10/49 | €58,133 | €330,437 | +€272,304 | +468% |
| Equity | 10/15 | €50,706 | €151,128 | +€100,422 | +198% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €95,000 | +€95,000 | |
| Distributable reserves | 133 | - | €95,000 | +€95,000 | |
| Profit (loss) carried forward | 14 | €45,706 | €51,128 | +€5,422 | +11.9% |
| Amounts payable | 17/49 | €7,427 | €179,309 | +€171,881 | +2,314% |
| Amounts payable within one year | 42/48 | €2,412 | €174,294 | +€171,881 | +7,125% |
| Trade debts | 44 | - | €117,028 | +€117,028 | |
| Suppliers | 440/4 | - | €117,028 | +€117,028 | |
| Taxes, remuneration and social security | 45 | - | €57,265 | +€57,265 | |
| Taxes | 450/3 | - | €57,265 | +€57,265 | |
| Other amounts payable | 47/48 | €2,412 | - | -€2,412 | |
| Accrued charges and deferred income | 492/3 | €5,015 | €5,015 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,543 | €4,998 | +€3,455 | +224% |
| Other operating charges | 640/8 | €39 | €1,188 | +€1,149 | +2,919% |
| Gross operating margin | 9900 | €61,466 | €148,187 | +€86,721 | +141% |
| Operating profit (loss) | 9901 | €59,884 | €142,000 | +€82,117 | +137% |
| Financial charges | 65/66B | €32 | €69 | +€37 | +114% |
| Recurring financial charges | 65 | €32 | €69 | +€37 | +114% |
| Profit (loss) for the period before taxes | 9903 | €59,852 | €141,931 | +€82,080 | +137% |
| Income taxes | 67/77 | €14,146 | €41,509 | +€27,363 | +193% |
| Profit (loss) for the period | 9904 | €45,706 | €100,422 | +€54,717 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €45,706 | €100,422 | +€54,717 | +120% |
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 15 October 2026 via checked.be.