FEIDA: 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.
FEIDA
Largest movements
- Cash +€138,193
up €138,193 (+51.7%), from €267,486 to €405,679
mainly Net result for the year (+€93,444) and Receivables within one year (+€18,115)
- Receivables within one year -€18,115
down €18,115 (-22.1%), from €82,109 to €63,994
of which Other amounts receivable: -€15,175
- Tangible fixed assets -€8,490
down €8,490 (-28.7%), from €29,597 to €21,107
of which Furniture and vehicles: -€8,086
- Reserves +€93,444
up €93,444 (+47.1%), from €198,200 to €291,645
of which Distributable reserves: +€93,444
- Trade debts +€13,486
up €13,486 (+58.3%), from €23,134 to €36,619
- Tax, wage and social debts +€6,356
up €6,356 (+13.3%), from €47,865 to €54,220
of which Taxes: +€4,677
- Staff costs +€17,451
up €17,451 (+15.7%), from €110,835 to €128,286
- Other operating charges +€8,168
up €8,168 (+63.9%), from €12,775 to €20,943
- Taxes -€7,993
down €7,993 (-14.8%), from €53,827 to €45,834
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 | €440,135 | €548,021 | +€107,886 | +24.5% |
| Fixed assets | 21/28 | €71,791 | €63,301 | -€8,490 | -11.8% |
| Tangible fixed assets | 22/27 | €29,597 | €21,107 | -€8,490 | -28.7% |
| Plant, machinery and equipment | 23 | €3,880 | €3,476 | -€404 | -10.4% |
| Furniture and vehicles | 24 | €25,717 | €17,631 | -€8,086 | -31.4% |
| Financial fixed assets | 28 | €42,194 | €42,194 | = | 0.0% |
| Current assets | 29/58 | €368,344 | €484,721 | +€116,377 | +31.6% |
| Stocks and contracts in progress | 3 | €13,486 | €9,935 | -€3,551 | -26.3% |
| Stocks | 30/36 | €13,486 | €9,935 | -€3,551 | -26.3% |
| Amounts receivable within one year | 40/41 | €82,109 | €63,994 | -€18,115 | -22.1% |
| Trade receivables | 40 | €4,690 | €1,750 | -€2,940 | -62.7% |
| Other amounts receivable | 41 | €77,419 | €62,244 | -€15,175 | -19.6% |
| Cash at bank and in hand | 54/58 | €267,486 | €405,679 | +€138,193 | +51.7% |
| Deferred charges and accrued income | 490/1 | €5,263 | €5,112 | -€151 | -2.9% |
| Total equity and liabilities | 10/49 | €440,135 | €548,021 | +€107,886 | +24.5% |
| Equity | 10/15 | €355,185 | €448,629 | +€93,444 | +26.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €198,200 | €291,645 | +€93,444 | +47.1% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €195,200 | €288,645 | +€93,444 | +47.9% |
| Profit (loss) carried forward | 14 | €126,985 | €126,985 | = | 0.0% |
| Amounts payable | 17/49 | €84,950 | €99,392 | +€14,442 | +17.0% |
| Amounts payable within one year | 42/48 | €84,950 | €99,392 | +€14,442 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €5,400 | - | -€5,400 | |
| Trade debts | 44 | €23,134 | €36,619 | +€13,486 | +58.3% |
| Suppliers | 440/4 | €23,134 | €36,619 | +€13,486 | +58.3% |
| Taxes, remuneration and social security | 45 | €47,865 | €54,220 | +€6,356 | +13.3% |
| Taxes | 450/3 | €33,255 | €37,932 | +€4,677 | +14.1% |
| Remuneration and social security | 454/9 | €14,610 | €16,289 | +€1,679 | +11.5% |
| Other amounts payable | 47/48 | €8,552 | €8,552 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €110,835 | €128,286 | +€17,451 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,105 | €9,864 | -€241 | -2.4% |
| Other operating charges | 640/8 | €12,775 | €20,943 | +€8,168 | +63.9% |
| Gross operating margin | 9900 | €302,870 | €303,331 | +€461 | +0.2% |
| Operating profit (loss) | 9901 | €169,154 | €144,238 | -€24,916 | -14.7% |
| Financial income | 75/76B | €618 | €601 | -€18 | -2.9% |
| Recurring financial income | 75 | €618 | €601 | -€18 | -2.9% |
| Financial charges | 65/66B | €7,339 | €5,560 | -€1,779 | -24.2% |
| Recurring financial charges | 65 | €7,339 | €5,560 | -€1,779 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €162,434 | €139,279 | -€23,155 | -14.3% |
| Income taxes | 67/77 | €53,827 | €45,834 | -€7,993 | -14.8% |
| Profit (loss) for the period | 9904 | €108,607 | €93,444 | -€15,163 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,607 | €93,444 | -€15,163 | -14.0% |
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.