FEL AND CO: 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.
FEL AND CO
Largest movements
- Cash +€96,235
up €96,235 (+33.3%), from €289,109 to €385,344
mainly Trade debts (+€61,528) and Net result for the year (+€19,735)
- Trade debts +€61,528
up €61,528 (+45.5%), from €135,362 to €196,890
of which Suppliers: +€55,009
- Profit (loss) carried forward +€19,735
up €19,735 (+29.9%), from €65,963 to €85,698
- Other debts +€9,429
up €9,429 (+8.0%), from €117,832 to €127,261
- Provisions -€8,807
no longer reported in 2025 (was €8,807)
- Taxes +€7,032
up €7,032 (+148%), from €4,765 to €11,797
- Gross operating margin +€6,727
up €6,727 (+15.8%), from €42,581 to €49,308
- Other operating charges +€701
up €701 (+47.5%), from €1,475 to €2,176
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 | €328,182 | €421,318 | +€93,136 | +28.4% |
| Current assets | 29/58 | €328,182 | €421,318 | +€93,136 | +28.4% |
| Amounts receivable within one year | 40/41 | €39,025 | €35,974 | -€3,051 | -7.8% |
| Trade receivables | 40 | €39,025 | €35,974 | -€3,051 | -7.8% |
| Cash at bank and in hand | 54/58 | €289,109 | €385,344 | +€96,235 | +33.3% |
| Deferred charges and accrued income | 490/1 | €48 | - | -€48 | |
| Total equity and liabilities | 10/49 | €328,182 | €421,318 | +€93,136 | +28.4% |
| Equity | 10/15 | €66,963 | €86,698 | +€19,735 | +29.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,963 | €85,698 | +€19,735 | +29.9% |
| Amounts payable | 17/49 | €261,219 | €334,620 | +€73,401 | +28.1% |
| Amounts payable within one year | 42/48 | €261,219 | €334,620 | +€73,401 | +28.1% |
| Financial debts | 43 | - | €16 | +€16 | |
| Credit institutions | 430/8 | - | €16 | +€16 | |
| Trade debts | 44 | €135,362 | €196,890 | +€61,528 | +45.5% |
| Suppliers | 440/4 | €135,362 | €190,371 | +€55,009 | +40.6% |
| Bills of exchange payable | 441 | - | €6,519 | +€6,519 | |
| Taxes, remuneration and social security | 45 | €8,025 | €10,453 | +€2,428 | +30.3% |
| Taxes | 450/3 | €8,025 | €10,453 | +€2,428 | +30.3% |
| Other amounts payable | 47/48 | €117,832 | €127,261 | +€9,429 | +8.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,807 | - | -€8,807 | |
| Other operating charges | 640/8 | €1,475 | €2,176 | +€701 | +47.5% |
| Non-recurring operating charges | 66A | - | €14,552 | +€14,552 | |
| Gross operating margin | 9900 | €42,581 | €49,308 | +€6,727 | +15.8% |
| Operating profit (loss) | 9901 | €32,299 | €32,580 | +€281 | +0.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,119 | €1,051 | -€68 | -6.1% |
| Recurring financial charges | 65 | €1,119 | €1,051 | -€68 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €31,180 | €31,532 | +€352 | +1.1% |
| Income taxes | 67/77 | €4,765 | €11,797 | +€7,032 | +148% |
| Profit (loss) for the period | 9904 | €26,415 | €19,735 | -€6,680 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,415 | €19,735 | -€6,680 | -25.3% |
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 31 October 2026 via checked.be.