Fehamali: 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.
Fehamali
Largest movements
- Tangible fixed assets -€27,139
down €27,139 (-23.4%), from €116,047 to €88,908
of which Furniture and vehicles: -€26,001
- Receivables within one year -€21,587
down €21,587 (-32.4%), from €66,625 to €45,038
of which Other amounts receivable: -€25,397
- Receivables after one year -€19,756
no longer reported in 2025 (was €19,756)
- Cash +€17,211
up €17,211 (+10.8%), from €159,686 to €176,896
mainly Net result for the year (+€99,210) and Depreciation (+€29,288)
- Other debts -€48,301
down €48,301 (-32.2%), from €150,000 to €101,699
- Tax, wage and social debts -€5,165
down €5,165 (-22.8%), from €22,621 to €17,456
- Gross operating margin -€79,980
down €79,980 (-33.7%), from €236,983 to €157,003
- Taxes -€21,187
down €21,187 (-43.0%), from €49,313 to €28,126
- Depreciation +€6,253
up €6,253 (+27.1%), from €23,036 to €29,288
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 | €365,116 | €313,926 | -€51,191 | -14.0% |
| Fixed assets | 21/28 | €116,047 | €88,908 | -€27,139 | -23.4% |
| Tangible fixed assets | 22/27 | €116,047 | €88,908 | -€27,139 | -23.4% |
| Plant, machinery and equipment | 23 | €5,228 | €4,091 | -€1,138 | -21.8% |
| Furniture and vehicles | 24 | €110,818 | €84,817 | -€26,001 | -23.5% |
| Current assets | 29/58 | €249,070 | €225,018 | -€24,052 | -9.7% |
| Amounts receivable after more than one year | 29 | €19,756 | - | -€19,756 | |
| Other amounts receivable | 291 | €19,756 | - | -€19,756 | |
| Amounts receivable within one year | 40/41 | €66,625 | €45,038 | -€21,587 | -32.4% |
| Trade receivables | 40 | €41,228 | €45,038 | +€3,810 | +9.2% |
| Other amounts receivable | 41 | €25,397 | - | -€25,397 | |
| Cash at bank and in hand | 54/58 | €159,686 | €176,896 | +€17,211 | +10.8% |
| Deferred charges and accrued income | 490/1 | €3,003 | €3,083 | +€80 | +2.7% |
| Total equity and liabilities | 10/49 | €365,116 | €313,926 | -€51,191 | -14.0% |
| Equity | 10/15 | €183,526 | €183,526 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €180,526 | €180,526 | = | 0.0% |
| Distributable reserves | 133 | €180,526 | €180,526 | = | 0.0% |
| Amounts payable | 17/49 | €181,590 | €130,400 | -€51,191 | -28.2% |
| Amounts payable within one year | 42/48 | €181,590 | €130,400 | -€51,191 | -28.2% |
| Trade debts | 44 | €8,970 | €11,245 | +€2,276 | +25.4% |
| Suppliers | 440/4 | €8,970 | €11,245 | +€2,276 | +25.4% |
| Taxes, remuneration and social security | 45 | €22,621 | €17,456 | -€5,165 | -22.8% |
| Taxes | 450/3 | €22,621 | €17,456 | -€5,165 | -22.8% |
| Other amounts payable | 47/48 | €150,000 | €101,699 | -€48,301 | -32.2% |
| Remuneration, social security and pensions | 62 | - | €72 | +€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,036 | €29,288 | +€6,253 | +27.1% |
| Other operating charges | 640/8 | €714 | €720 | +€5 | +0.8% |
| Gross operating margin | 9900 | €236,983 | €157,003 | -€79,980 | -33.7% |
| Operating profit (loss) | 9901 | €213,233 | €126,923 | -€86,310 | -40.5% |
| Financial income | 75/76B | €1,103 | €692 | -€411 | -37.2% |
| Recurring financial income | 75 | €595 | €128 | -€467 | -78.6% |
| Non-recurring financial income | 76B | €508 | €565 | +€57 | +11.2% |
| Financial charges | 65/66B | €311 | €279 | -€33 | -10.6% |
| Recurring financial charges | 65 | €311 | €279 | -€33 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €214,025 | €127,336 | -€86,688 | -40.5% |
| Income taxes | 67/77 | €49,313 | €28,126 | -€21,187 | -43.0% |
| Profit (loss) for the period | 9904 | €164,712 | €99,210 | -€65,501 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €164,712 | €99,210 | -€65,501 | -39.8% |
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 6 October 2026 via checked.be.