Feitsma: 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.
Feitsma
Largest movements
- Cash -€8,129
down €8,129 (-32.5%), from €24,990 to €16,860
mainly Trade debts (-€6,834) and Tax, wage and social debts (-€5,901)
- Receivables within one year -€4,373
down €4,373 (-48.8%), from €8,952 to €4,579
of which Trade receivables: -€8,014
- Tangible fixed assets +€1,176
up €1,176 (+82.6%), from €1,424 to €2,600
- Trade debts -€6,834
down €6,834 (-100%), from €6,834 to €0
- Tax, wage and social debts -€5,901
down €5,901 (-62.2%), from €9,490 to €3,589
- Profit (loss) carried forward +€1,315
new in 2025: €1,315
- Gross operating margin -€22,684
down €22,684 (-84.3%), from €26,893 to €4,210
- Taxes -€7,481
down €7,481 (-82.5%), from €9,066 to €1,585
- Depreciation +€760
up €760 (+1,209%), from €63 to €823
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.
Derived cash bridge
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 | €35,503 | €24,039 | -€11,464 | -32.3% |
| Fixed assets | 21/28 | €1,424 | €2,600 | +€1,176 | +82.6% |
| Tangible fixed assets | 22/27 | €1,424 | €2,600 | +€1,176 | +82.6% |
| Furniture and vehicles | 24 | €1,424 | €2,600 | +€1,176 | +82.6% |
| Current assets | 29/58 | €34,079 | €21,440 | -€12,640 | -37.1% |
| Amounts receivable within one year | 40/41 | €8,952 | €4,579 | -€4,373 | -48.8% |
| Trade receivables | 40 | €8,952 | €938 | -€8,014 | -89.5% |
| Other amounts receivable | 41 | - | €3,641 | +€3,641 | |
| Cash at bank and in hand | 54/58 | €24,990 | €16,860 | -€8,129 | -32.5% |
| Deferred charges and accrued income | 490/1 | €138 | €0 | -€138 | -100% |
| Total equity and liabilities | 10/49 | €35,503 | €24,039 | -€11,464 | -32.3% |
| Equity | 10/15 | €19,135 | €20,450 | +€1,315 | +6.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,135 | €17,135 | = | 0.0% |
| Distributable reserves | 133 | €17,135 | €17,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,315 | +€1,315 | |
| Amounts payable | 17/49 | €16,369 | €3,589 | -€12,779 | -78.1% |
| Amounts payable within one year | 42/48 | €16,369 | €3,589 | -€12,779 | -78.1% |
| Trade debts | 44 | €6,834 | €0 | -€6,834 | -100% |
| Suppliers | 440/4 | €6,834 | €0 | -€6,834 | -100% |
| Taxes, remuneration and social security | 45 | €9,490 | €3,589 | -€5,901 | -62.2% |
| Taxes | 450/3 | €9,490 | €3,589 | -€5,901 | -62.2% |
| Other amounts payable | 47/48 | €44 | €0 | -€44 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €823 | +€760 | +1,209% |
| Other operating charges | 640/8 | €535 | €491 | -€44 | -8.2% |
| Gross operating margin | 9900 | €26,893 | €4,210 | -€22,684 | -84.3% |
| Operating profit (loss) | 9901 | €26,295 | €2,895 | -€23,400 | -89.0% |
| Financial income | 75/76B | €1 | €90 | +€88 | +7,970% |
| Recurring financial income | 75 | €1 | €90 | +€88 | +7,970% |
| Financial charges | 65/66B | €95 | €84 | -€11 | -12.0% |
| Recurring financial charges | 65 | €95 | €84 | -€11 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €26,201 | €2,901 | -€23,300 | -88.9% |
| Income taxes | 67/77 | €9,066 | €1,585 | -€7,481 | -82.5% |
| Profit (loss) for the period | 9904 | €17,135 | €1,315 | -€15,819 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,135 | €1,315 | -€15,819 | -92.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.