FEK Investments: what changed
FEK Investments
Largest movements
- Receivables within one year -€18,777
down €18,777 (-58.9%), from €31,897 to €13,120
of which Trade receivables: -€18,180
- Deferred charges and accrued income -€4,640
down €4,640 (-100%), from €4,640 to €0
- Formation expenses -€460
down €460 (-29.3%), from €1,571 to €1,111
- Profit (loss) carried forward -€34,101
down €34,101 (-243%), from -€14,054 to -€48,155
- Other debts +€28,820
up €28,820 (+1,386%), from €2,080 to €30,900
- Tax, wage and social debts -€20,062
down €20,062 (-70.0%), from €28,643 to €8,581
of which Remuneration and social security: -€22,762
- Trade debts +€1,639
up €1,639 (+8.1%), from €20,307 to €21,945
- Gross operating margin -€17,617
down €17,617 (-138%), from -€12,740 to -€30,356
- Other operating charges +€2,410
up €2,410 (+1,066%), from €226 to €2,636
- Financial charges +€346
up €346 (+417%), from €83 to €430
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,176 | €14,272 | -€23,904 | -62.6% |
| Formation expenses | 20 | €1,571 | €1,111 | -€460 | -29.3% |
| Current assets | 29/58 | €36,605 | €13,161 | -€23,444 | -64.0% |
| Amounts receivable within one year | 40/41 | €31,897 | €13,120 | -€18,777 | -58.9% |
| Trade receivables | 40 | €31,300 | €13,120 | -€18,180 | -58.1% |
| Other amounts receivable | 41 | €597 | €0 | -€597 | -100% |
| Cash at bank and in hand | 54/58 | €68 | €41 | -€28 | -40.3% |
| Deferred charges and accrued income | 490/1 | €4,640 | €0 | -€4,640 | -100% |
| Total equity and liabilities | 10/49 | €38,176 | €14,272 | -€23,904 | -62.6% |
| Equity | 10/15 | -€13,054 | -€47,155 | -€34,101 | -261% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,054 | -€48,155 | -€34,101 | -243% |
| Amounts payable | 17/49 | €51,230 | €61,426 | +€10,197 | +19.9% |
| Amounts payable within one year | 42/48 | €51,030 | €61,426 | +€10,397 | +20.4% |
| Trade debts | 44 | €20,307 | €21,945 | +€1,639 | +8.1% |
| Suppliers | 440/4 | €20,307 | €21,945 | +€1,639 | +8.1% |
| Taxes, remuneration and social security | 45 | €28,643 | €8,581 | -€20,062 | -70.0% |
| Taxes | 450/3 | €5,881 | €8,581 | +€2,701 | +45.9% |
| Remuneration and social security | 454/9 | €22,762 | €0 | -€22,762 | -100% |
| Other amounts payable | 47/48 | €2,080 | €30,900 | +€28,820 | +1,386% |
| Accrued charges and deferred income | 492/3 | €200 | €0 | -€200 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €728 | €460 | -€268 | -36.9% |
| Other operating charges | 640/8 | €226 | €2,636 | +€2,410 | +1,066% |
| Gross operating margin | 9900 | -€12,740 | -€30,356 | -€17,617 | -138% |
| Operating profit (loss) | 9901 | -€13,694 | -€33,452 | -€19,758 | -144% |
| Financial charges | 65/66B | €83 | €430 | +€346 | +417% |
| Recurring financial charges | 65 | €83 | €430 | +€346 | +417% |
| Profit (loss) for the period before taxes | 9903 | -€13,777 | -€33,882 | -€20,105 | -146% |
| Income taxes | 67/77 | €277 | €219 | -€58 | -20.9% |
| Profit (loss) for the period | 9904 | -€14,054 | -€34,101 | -€20,047 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,054 | -€34,101 | -€20,047 | -143% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.