FELA Consulting: 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.
FELA Consulting
Largest movements
- Receivables within one year -€28,706
down €28,706 (-79.5%), from €36,121 to €7,415
of which Trade receivables: -€29,068
- Tangible fixed assets -€13,968
down €13,968 (-2.2%), from €623,784 to €609,815
of which Land and buildings: -€9,402
- Trade debts -€32,419
down €32,419 (-87.4%), from €37,100 to €4,681
- Debts after one year -€18,439
down €18,439 (-3.8%), from €483,727 to €465,287
- Other debts -€9,229
down €9,229 (-5.3%), from €175,094 to €165,865
- Other operating charges -€14,174
down €14,174 (-83.3%), from €17,012 to €2,838
- Gross operating margin -€7,247
down €7,247 (-12.6%), from €57,319 to €50,072
- Depreciation +€770
up €770 (+5.4%), from €14,355 to €15,124
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 | €684,596 | €637,545 | -€47,051 | -6.9% |
| Fixed assets | 21/28 | €624,184 | €609,815 | -€14,368 | -2.3% |
| Tangible fixed assets | 22/27 | €623,784 | €609,815 | -€13,968 | -2.2% |
| Land and buildings | 22 | €604,183 | €594,780 | -€9,402 | -1.6% |
| Furniture and vehicles | 24 | €19,601 | €15,035 | -€4,566 | -23.3% |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100% |
| Current assets | 29/58 | €60,412 | €27,730 | -€32,683 | -54.1% |
| Amounts receivable within one year | 40/41 | €36,121 | €7,415 | -€28,706 | -79.5% |
| Trade receivables | 40 | €36,011 | €6,944 | -€29,068 | -80.7% |
| Other amounts receivable | 41 | €110 | €471 | +€362 | +329% |
| Cash at bank and in hand | 54/58 | €21,705 | €17,823 | -€3,881 | -17.9% |
| Deferred charges and accrued income | 490/1 | €2,587 | €2,491 | -€95 | -3.7% |
| Total equity and liabilities | 10/49 | €684,596 | €637,545 | -€47,051 | -6.9% |
| Equity | 10/15 | -€41,625 | -€35,098 | +€6,527 | +15.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,125 | -€37,598 | +€6,527 | +14.8% |
| Amounts payable | 17/49 | €726,222 | €672,643 | -€53,578 | -7.4% |
| Amounts payable after more than one year | 17 | €483,727 | €465,287 | -€18,439 | -3.8% |
| Financial debts | 170/4 | €483,727 | €465,287 | -€18,439 | -3.8% |
| Amounts payable within one year | 42/48 | €239,105 | €201,968 | -€37,137 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €17,626 | €18,439 | +€813 | +4.6% |
| Trade debts | 44 | €37,100 | €4,681 | -€32,419 | -87.4% |
| Suppliers | 440/4 | €37,100 | €4,681 | -€32,419 | -87.4% |
| Taxes, remuneration and social security | 45 | €9,285 | €12,984 | +€3,698 | +39.8% |
| Taxes | 450/3 | €4,974 | €8,675 | +€3,700 | +74.4% |
| Remuneration and social security | 454/9 | €4,311 | €4,309 | -€2 | 0.0% |
| Other amounts payable | 47/48 | €175,094 | €165,865 | -€9,229 | -5.3% |
| Accrued charges and deferred income | 492/3 | €3,390 | €5,388 | +€1,998 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,355 | €15,124 | +€770 | +5.4% |
| Other operating charges | 640/8 | €17,012 | €2,838 | -€14,174 | -83.3% |
| Gross operating margin | 9900 | €57,319 | €50,072 | -€7,247 | -12.6% |
| Operating profit (loss) | 9901 | €25,952 | €32,109 | +€6,157 | +23.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €25,704 | €25,296 | -€408 | -1.6% |
| Recurring financial charges | 65 | €25,704 | €25,296 | -€408 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €251 | €6,814 | +€6,563 | +2,616% |
| Income taxes | 67/77 | €145 | €286 | +€141 | +97.1% |
| Profit (loss) for the period | 9904 | €106 | €6,527 | +€6,422 | +6,084% |
| Profit (loss) for the period to be appropriated | 9905 | €106 | €6,527 | +€6,422 | +6,084% |
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 23 October 2026 via checked.be.