FEETZ: 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.
FEETZ
Largest movements
- Cash +€291,038
up €291,038 (+229.6%), from €126,761 to €417,800
mainly Current portion of long-term debt (+€190,183) and Net result for the year (+€188,619)
- Receivables within one year +€111,107
up €111,107 (+108.3%), from €102,558 to €213,665
of which Trade receivables: +€111,956
- Current portion of long-term debt +€190,183
new in 2025: €190,183
- Reserves +€188,619
up €188,619 (+408.8%), from €46,137 to €234,756
- Tax, wage and social debts +€97,418
up €97,418 (+245.5%), from €39,682 to €137,100
- Trade debts -€79,669
down €79,669 (-79.5%), from €100,170 to €20,501
- Other debts +€7,152
up €7,152 (+14.3%), from €50,143 to €57,296
- Gross operating margin +€240,173
up €240,173 (+483.5%), from €49,672 to €289,844
- Taxes +€80,131
up €80,131 (+554.5%), from €14,450 to €94,581
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 | €242,632 | €646,335 | +€403,703 | +166.4% |
| Fixed assets | 21/28 | €13,312 | €11,621 | -€1,692 | -12.7% |
| Intangible fixed assets | 21 | €7,901 | €5,901 | -€2,000 | -25.3% |
| Tangible fixed assets | 22/27 | €5,411 | €5,719 | +€308 | +5.7% |
| Plant, machinery and equipment | 23 | €583 | €387 | -€197 | -33.7% |
| Furniture and vehicles | 24 | €4,827 | €5,333 | +€505 | +10.5% |
| Current assets | 29/58 | €229,320 | €634,714 | +€405,395 | +176.8% |
| Stocks and contracts in progress | 3 | €0 | €3,250 | +€3,250 | |
| Stocks | 30/36 | €0 | €3,250 | +€3,250 | |
| Amounts receivable within one year | 40/41 | €102,558 | €213,665 | +€111,107 | +108.3% |
| Trade receivables | 40 | €101,064 | €213,021 | +€111,956 | +110.8% |
| Other amounts receivable | 41 | €1,494 | €644 | -€850 | -56.9% |
| Cash at bank and in hand | 54/58 | €126,761 | €417,800 | +€291,038 | +229.6% |
| Total equity and liabilities | 10/49 | €242,632 | €646,335 | +€403,703 | +166.4% |
| Equity | 10/15 | €52,637 | €241,256 | +€188,619 | +358.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €46,137 | €234,756 | +€188,619 | +408.8% |
| Distributable reserves | 133 | €46,137 | €234,756 | +€188,619 | +408.8% |
| Amounts payable | 17/49 | €189,995 | €405,080 | +€215,085 | +113.2% |
| Amounts payable within one year | 42/48 | €189,995 | €405,080 | +€215,085 | +113.2% |
| Current portion of amounts payable after more than one year | 42 | - | €190,183 | +€190,183 | |
| Trade debts | 44 | €100,170 | €20,501 | -€79,669 | -79.5% |
| Suppliers | 440/4 | €100,170 | €20,501 | -€79,669 | -79.5% |
| Taxes, remuneration and social security | 45 | €39,682 | €137,100 | +€97,418 | +245.5% |
| Taxes | 450/3 | €39,682 | €137,100 | +€97,418 | +245.5% |
| Other amounts payable | 47/48 | €50,143 | €57,296 | +€7,152 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,022 | €4,419 | +€1,397 | +46.2% |
| Other operating charges | 640/8 | €818 | €2,606 | +€1,788 | +218.5% |
| Gross operating margin | 9900 | €49,672 | €289,844 | +€240,173 | +483.5% |
| Operating profit (loss) | 9901 | €45,831 | €282,819 | +€236,988 | +517.1% |
| Financial income | 75/76B | €344 | €3,019 | +€2,675 | +776.9% |
| Recurring financial income | 75 | €344 | €3,019 | +€2,675 | +776.9% |
| Financial charges | 65/66B | €980 | €2,638 | +€1,658 | +169.2% |
| Recurring financial charges | 65 | €980 | €2,638 | +€1,658 | +169.2% |
| Profit (loss) for the period before taxes | 9903 | €45,195 | €283,200 | +€238,005 | +526.6% |
| Income taxes | 67/77 | €14,450 | €94,581 | +€80,131 | +554.5% |
| Profit (loss) for the period | 9904 | €30,745 | €188,619 | +€157,874 | +513.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,745 | €188,619 | +€157,874 | +513.5% |
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 10 October 2026 via checked.be.