FEERIES: what changed
Two fiscal 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.
FEERIES
Largest movements
- Cash +€28,067
up €28,067 (+18.7%), from €149,999 to €178,066
mainly Net result for the year (+€17,071) and Other debts (+€7,901)
- Tangible fixed assets -€4,768
down €4,768 (-39.1%), from €12,208 to €7,440
- Profit (loss) carried forward +€17,071
up €17,071 (+13.1%), from €130,498 to €147,568
- Other debts +€7,901
up €7,901 (+25.6%), from €30,885 to €38,786
- Tax, wage and social debts -€3,922
down €3,922 (-40.4%), from €9,696 to €5,774
of which Remuneration and social security: -€7,380
- Trade debts +€3,529
up €3,529 (+310.5%), from €1,137 to €4,666
- Gross operating margin -€5,826
down €5,826 (-14.9%), from €39,037 to €33,211
- Taxes +€3,120
up €3,120 (+40.7%), from €7,659 to €10,780
- Depreciation -€1,465
down €1,465 (-23.5%), from €6,233 to €4,768
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 | €175,352 | €199,931 | +€24,579 | +14.0% |
| Fixed assets | 21/28 | €12,630 | €7,862 | -€4,768 | -37.8% |
| Tangible fixed assets | 22/27 | €12,208 | €7,440 | -€4,768 | -39.1% |
| Plant, machinery and equipment | 23 | €12,208 | €7,440 | -€4,768 | -39.1% |
| Financial fixed assets | 28 | €422 | €422 | = | 0.0% |
| Current assets | 29/58 | €162,722 | €192,069 | +€29,347 | +18.0% |
| Stocks and contracts in progress | 3 | €9,397 | €10,117 | +€720 | +7.7% |
| Stocks | 30/36 | €9,397 | €10,117 | +€720 | +7.7% |
| Amounts receivable within one year | 40/41 | €3,326 | €3,886 | +€560 | +16.9% |
| Trade receivables | 40 | €2,343 | €2,696 | +€353 | +15.0% |
| Other amounts receivable | 41 | €983 | €1,191 | +€208 | +21.2% |
| Cash at bank and in hand | 54/58 | €149,999 | €178,066 | +€28,067 | +18.7% |
| Total equity and liabilities | 10/49 | €175,352 | €199,931 | +€24,579 | +14.0% |
| Equity | 10/15 | €133,635 | €150,706 | +€17,071 | +12.8% |
| Reserves | 13 | €3,137 | €3,137 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,137 | €3,137 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,137 | €3,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,498 | €147,568 | +€17,071 | +13.1% |
| Amounts payable | 17/49 | €41,717 | €49,226 | +€7,509 | +18.0% |
| Amounts payable within one year | 42/48 | €41,717 | €49,226 | +€7,509 | +18.0% |
| Trade debts | 44 | €1,137 | €4,666 | +€3,529 | +310.5% |
| Suppliers | 440/4 | €1,137 | €4,666 | +€3,529 | +310.5% |
| Taxes, remuneration and social security | 45 | €9,696 | €5,774 | -€3,922 | -40.4% |
| Taxes | 450/3 | €2,064 | €5,523 | +€3,459 | +167.6% |
| Remuneration and social security | 454/9 | €7,631 | €251 | -€7,380 | -96.7% |
| Other amounts payable | 47/48 | €30,885 | €38,786 | +€7,901 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,233 | €4,768 | -€1,465 | -23.5% |
| Other operating charges | 640/8 | €402 | €295 | -€107 | -26.6% |
| Gross operating margin | 9900 | €39,037 | €33,211 | -€5,826 | -14.9% |
| Operating profit (loss) | 9901 | €32,402 | €28,148 | -€4,254 | -13.1% |
| Financial charges | 65/66B | €205 | €298 | +€92 | +45.0% |
| Recurring financial charges | 65 | €205 | €298 | +€92 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €32,197 | €27,850 | -€4,346 | -13.5% |
| Income taxes | 67/77 | €7,659 | €10,780 | +€3,120 | +40.7% |
| Profit (loss) for the period | 9904 | €24,537 | €17,071 | -€7,467 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,537 | €17,071 | -€7,467 | -30.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.