Feja's: 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.
Feja's
Largest movements
- Tangible fixed assets +€26,674
up €26,674 (+82.7%), from €32,246 to €58,920
of which Other tangible fixed assets: +€26,544
- Receivables within one year +€10,720
up €10,720 (+302.6%), from €3,543 to €14,263
of which Trade receivables: +€7,841
- Financial fixed assets +€4,500
new in 2025: €4,500
- Intangible fixed assets -€4,000
down €4,000 (-10.6%), from €37,655 to €33,655
- Formation expenses -€1,239
down €1,239 (-100.0%), from €1,239 to €0
- Other debts +€21,936
up €21,936 (+39.4%), from €55,726 to €77,662
- Profit (loss) carried forward +€13,796
up €13,796 (+70.5%), from -€19,556 to -€5,760
- Debts after one year -€6,720
down €6,720 (-23.5%), from €28,539 to €21,819
- Trade debts +€6,562
up €6,562 (+235.4%), from €2,788 to €9,350
- Gross operating margin +€38,624
up €38,624, from -€12,707 to €25,917
- Depreciation +€4,605
up €4,605 (+90.3%), from €5,100 to €9,705
- Other operating charges +€800
new in 2025: €800
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 | €74,958 | €111,339 | +€36,382 | +48.5% |
| Formation expenses | 20 | €1,239 | €0 | -€1,239 | -100.0% |
| Fixed assets | 21/28 | €69,901 | €97,075 | +€27,174 | +38.9% |
| Intangible fixed assets | 21 | €37,655 | €33,655 | -€4,000 | -10.6% |
| Tangible fixed assets | 22/27 | €32,246 | €58,920 | +€26,674 | +82.7% |
| Furniture and vehicles | 24 | €3,361 | €3,490 | +€129 | +3.8% |
| Other tangible fixed assets | 26 | €28,886 | €55,430 | +€26,544 | +91.9% |
| Financial fixed assets | 28 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €3,817 | €14,264 | +€10,447 | +273.7% |
| Amounts receivable within one year | 40/41 | €3,543 | €14,263 | +€10,720 | +302.6% |
| Trade receivables | 40 | €1,422 | €9,263 | +€7,841 | +551.4% |
| Other amounts receivable | 41 | €2,121 | €5,000 | +€2,879 | +135.8% |
| Cash at bank and in hand | 54/58 | €274 | €1 | -€273 | -99.5% |
| Total equity and liabilities | 10/49 | €74,958 | €111,339 | +€36,382 | +48.5% |
| Equity | 10/15 | -€18,556 | -€4,760 | +€13,796 | +74.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,556 | -€5,760 | +€13,796 | +70.5% |
| Amounts payable | 17/49 | €93,514 | €116,099 | +€22,585 | +24.2% |
| Amounts payable after more than one year | 17 | €28,539 | €21,819 | -€6,720 | -23.5% |
| Financial debts | 170/4 | €28,539 | €21,819 | -€6,720 | -23.5% |
| Amounts payable within one year | 42/48 | €64,975 | €94,281 | +€29,305 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €6,461 | €7,268 | +€807 | +12.5% |
| Trade debts | 44 | €2,788 | €9,350 | +€6,562 | +235.4% |
| Suppliers | 440/4 | €2,788 | €9,350 | +€6,562 | +235.4% |
| Other amounts payable | 47/48 | €55,726 | €77,662 | +€21,936 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,100 | €9,705 | +€4,605 | +90.3% |
| Other operating charges | 640/8 | - | €800 | +€800 | |
| Gross operating margin | 9900 | -€12,707 | €25,917 | +€38,624 | |
| Operating profit (loss) | 9901 | -€17,807 | €15,412 | +€33,219 | |
| Financial charges | 65/66B | €1,749 | €1,616 | -€133 | -7.6% |
| Recurring financial charges | 65 | €1,749 | €1,616 | -€133 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,556 | €13,796 | +€33,352 | |
| Profit (loss) for the period | 9904 | -€19,556 | €13,796 | +€33,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,556 | €13,796 | +€33,352 |
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 4 October 2026 via checked.be.