FEITHESS: 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.
FEITHESS
Largest movements
- Financial fixed assets -€4.9m
down €4.9m (-97.8%), from €5.0m to €109,219
- Receivables within one year +€124,399
up €124,399 (+550.6%), from €22,592 to €146,990
of which Trade receivables: +€130,991
- Other debts -€2.4m
down €2.4m (-100.0%), from €2.4m to €0
- Profit (loss) carried forward -€2.3m
down €2.3m (-857.8%), from -€269,437 to -€2.6m
- Debts after one year -€94,610
down €94,610 (-9.5%), from €997,948 to €903,337
- Tax, wage and social debts +€88,923
up €88,923 (+299.2%), from €29,725 to €118,648
- Short-term financial debts +€65,103
up €65,103 (+29.6%), from €220,000 to €285,103
of which Other loans: +€95,103
- Financial charges +€2.4m
up €2.4m (+1583.2%), from €152,354 to €2.6m
of which Non-recurring financial charges: +€2.5m
- Gross operating margin +€373,642
up €373,642, from -€33,888 to €339,753
- Financial income +€20,129
up €20,129 (+40080.8%), from €50 to €20,179
of which Financial income: +€16,624
- Depreciation +€14,543
up €14,543 (+18.9%), from €76,927 to €91,471
- Other operating charges +€4,204
up €4,204 (+56.9%), from €7,390 to €11,594
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 | €5,902,088 | €1,286,378 | -€4.6m | -78.2% |
| Fixed assets | 21/28 | €5,867,656 | €1,054,284 | -€4.8m | -82.0% |
| Tangible fixed assets | 22/27 | €888,968 | €945,065 | +€56,097 | +6.3% |
| Land and buildings | 22 | €721,315 | €681,383 | -€39,933 | -5.5% |
| Plant, machinery and equipment | 23 | €52,796 | €62,592 | +€9,797 | +18.6% |
| Furniture and vehicles | 24 | €114,857 | €201,090 | +€86,233 | +75.1% |
| Financial fixed assets | 28 | €4,978,688 | €109,219 | -€4.9m | -97.8% |
| Current assets | 29/58 | €34,432 | €232,094 | +€197,663 | +574.1% |
| Amounts receivable within one year | 40/41 | €22,592 | €146,990 | +€124,399 | +550.6% |
| Trade receivables | 40 | €15,999 | €146,990 | +€130,991 | +818.7% |
| Other amounts receivable | 41 | €6,592 | €0 | -€6,592 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,558 | €53,880 | +€52,323 | +3359.2% |
| Deferred charges and accrued income | 490/1 | €10,282 | €31,224 | +€20,942 | +203.7% |
| Total equity and liabilities | 10/49 | €5,902,088 | €1,286,378 | -€4.6m | -78.2% |
| Equity | 10/15 | €2,152,665 | -€158,559 | -€2.3m | |
| Contributions | 10/11 | €2,107,605 | €2,107,605 | = | 0.0% |
| Reserves | 13 | €314,496 | €314,496 | = | 0.0% |
| Distributable reserves | 133 | €314,496 | €314,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€269,437 | -€2,580,660 | -€2.3m | -857.8% |
| Amounts payable | 17/49 | €3,749,423 | €1,444,937 | -€2.3m | -61.5% |
| Amounts payable after more than one year | 17 | €997,948 | €903,337 | -€94,610 | -9.5% |
| Financial debts | 170/4 | €997,948 | €903,337 | -€94,610 | -9.5% |
| Amounts payable within one year | 42/48 | €2,749,384 | €532,358 | -€2.2m | -80.6% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €89,533 | +€9,533 | +11.9% |
| Financial debts | 43 | €220,000 | €285,103 | +€65,103 | +29.6% |
| Credit institutions | 430/8 | €220,000 | €190,000 | -€30,000 | -13.6% |
| Other loans | 439 | - | €95,103 | +€95,103 | |
| Trade debts | 44 | €18,582 | €39,073 | +€20,492 | +110.3% |
| Suppliers | 440/4 | €18,582 | €39,073 | +€20,492 | +110.3% |
| Taxes, remuneration and social security | 45 | €29,725 | €118,648 | +€88,923 | +299.2% |
| Taxes | 450/3 | €29,725 | €118,648 | +€88,923 | +299.2% |
| Other amounts payable | 47/48 | €2,401,077 | €0 | -€2.4m | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,092 | €9,242 | +€7,150 | +341.8% |
| Non-recurring operating income | 76A | - | €39,450 | +€39,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,927 | €91,471 | +€14,543 | +18.9% |
| Other operating charges | 640/8 | €7,390 | €11,594 | +€4,204 | +56.9% |
| Gross operating margin | 9900 | -€33,888 | €339,753 | +€373,642 | |
| Operating profit (loss) | 9901 | -€118,206 | €236,688 | +€354,894 | |
| Financial income | 75/76B | €50 | €20,179 | +€20,129 | +40080.8% |
| Recurring financial income | 75 | €50 | €16,674 | +€16,624 | +33102.3% |
| Non-recurring financial income | 76B | - | €3,505 | +€3,505 | |
| Financial charges | 65/66B | €152,354 | €2,564,425 | +€2.4m | +1583.2% |
| Recurring financial charges | 65 | €147,592 | €70,549 | -€77,043 | -52.2% |
| Non-recurring financial charges | 66B | €4,762 | €2,493,876 | +€2.5m | +52271.5% |
| Profit (loss) for the period before taxes | 9903 | -€270,510 | -€2,307,558 | -€2.0m | -753.0% |
| Income taxes | 67/77 | €5,017 | €3,666 | -€1,351 | -26.9% |
| Profit (loss) for the period | 9904 | -€275,526 | -€2,311,223 | -€2.0m | -738.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€275,526 | -€2,311,223 | -€2.0m | -738.8% |
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 5 October 2026 via checked.be.