FEL TECHNICS: 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.
FEL TECHNICS
Largest movements
- Current investments -€31,349
down €31,349 (-75.5%), from €41,497 to €10,148
- Cash -€14,692
down €14,692 (-36.4%), from €40,362 to €25,669
mainly Contributions, distributions and other (-€40,000) and Trade debts (-€20,481)
- Tangible fixed assets -€12,377
down €12,377 (-26.5%), from €46,618 to €34,241
of which Furniture and vehicles: -€11,888
- Stocks and contracts -€9,691
no longer reported in 2025 (was €9,691)
- Deferred charges and accrued income -€2,211
no longer reported in 2025 (was €2,211)
- Profit (loss) carried forward -€33,897
down €33,897 (-47.1%), from €71,951 to €38,055
- Trade debts -€20,481
down €20,481 (-97.7%), from €20,953 to €472
- Debts after one year -€10,439
down €10,439 (-33.9%), from €30,778 to €20,339
- Tax, wage and social debts -€5,873
down €5,873 (-41.5%), from €14,157 to €8,284
- Gross operating margin -€10,343
down €10,343 (-31.1%), from €33,256 to €22,912
- Taxes -€2,749
down €2,749 (-51.5%), from €5,337 to €2,587
- Financial charges -€390
down €390 (-18.5%), from €2,108 to €1,718
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 | €156,172 | €86,661 | -€69,511 | -44.5% |
| Fixed assets | 21/28 | €46,618 | €34,241 | -€12,377 | -26.5% |
| Tangible fixed assets | 22/27 | €46,618 | €34,241 | -€12,377 | -26.5% |
| Plant, machinery and equipment | 23 | €1,386 | €897 | -€489 | -35.3% |
| Furniture and vehicles | 24 | €45,232 | €33,344 | -€11,888 | -26.3% |
| Current assets | 29/58 | €109,554 | €52,420 | -€57,134 | -52.2% |
| Stocks and contracts in progress | 3 | €9,691 | - | -€9,691 | |
| Stocks | 30/36 | €9,691 | - | -€9,691 | |
| Amounts receivable within one year | 40/41 | €15,794 | €16,602 | +€809 | +5.1% |
| Trade receivables | 40 | €15,660 | €14,443 | -€1,217 | -7.8% |
| Other amounts receivable | 41 | €133 | €2,159 | +€2,026 | +1519.3% |
| Current investments | 50/53 | €41,497 | €10,148 | -€31,349 | -75.5% |
| Cash at bank and in hand | 54/58 | €40,362 | €25,669 | -€14,692 | -36.4% |
| Deferred charges and accrued income | 490/1 | €2,211 | - | -€2,211 | |
| Total equity and liabilities | 10/49 | €156,172 | €86,661 | -€69,511 | -44.5% |
| Equity | 10/15 | €77,951 | €44,055 | -€33,897 | -43.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,951 | €38,055 | -€33,897 | -47.1% |
| Amounts payable | 17/49 | €78,221 | €42,606 | -€35,615 | -45.5% |
| Amounts payable after more than one year | 17 | €30,778 | €20,339 | -€10,439 | -33.9% |
| Financial debts | 170/4 | €30,778 | €20,339 | -€10,439 | -33.9% |
| Amounts payable within one year | 42/48 | €47,443 | €22,267 | -€25,175 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €10,002 | €10,439 | +€437 | +4.4% |
| Trade debts | 44 | €20,953 | €472 | -€20,481 | -97.7% |
| Suppliers | 440/4 | €20,953 | €472 | -€20,481 | -97.7% |
| Advances received on contracts in progress | 46 | - | €800 | +€800 | |
| Taxes, remuneration and social security | 45 | €14,157 | €8,284 | -€5,873 | -41.5% |
| Taxes | 450/3 | €14,157 | €8,284 | -€5,873 | -41.5% |
| Other amounts payable | 47/48 | €2,331 | €2,272 | -€59 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,306 | €12,377 | +€71 | +0.6% |
| Other operating charges | 640/8 | €769 | €468 | -€300 | -39.1% |
| Gross operating margin | 9900 | €33,256 | €22,912 | -€10,343 | -31.1% |
| Operating profit (loss) | 9901 | €20,181 | €10,067 | -€10,114 | -50.1% |
| Financial income | 75/76B | €515 | €341 | -€174 | -33.7% |
| Recurring financial income | 75 | €515 | €341 | -€174 | -33.7% |
| Financial charges | 65/66B | €2,108 | €1,718 | -€390 | -18.5% |
| Recurring financial charges | 65 | €2,108 | €1,718 | -€390 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €18,588 | €8,691 | -€9,897 | -53.2% |
| Income taxes | 67/77 | €5,337 | €2,587 | -€2,749 | -51.5% |
| Profit (loss) for the period | 9904 | €13,251 | €6,103 | -€7,148 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,251 | €6,103 | -€7,148 | -53.9% |
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 30 September 2026 via checked.be.