FELART: 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.
FELART
Largest movements
- Receivables within one year -€5,598
no longer reported in 2025 (was €5,598)
- Cash -€4,837
down €4,837 (-15.8%), from €30,586 to €25,749
mainly Tax, wage and social debts (-€9,889) and Other debts (-€867)
- Tax, wage and social debts -€9,889
no longer reported in 2025 (was €9,889)
- Accrued charges and deferred income +€1,758
up €1,758 (+663.1%), from €265 to €2,023
- Reserves -€1,286
down €1,286 (-6.5%), from €19,784 to €18,498
- Other debts -€867
down €867 (-28.0%), from €3,096 to €2,229
- Gross operating margin -€33,005
down €33,005 (-98.6%), from €33,476 to €471
- Taxes -€9,689
no longer reported in 2025 (was €9,689)
- Depreciation -€1,063
no longer reported in 2025 (was €1,063)
- Financial charges -€357
down €357 (-71.8%), from €497 to €140
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 | €36,184 | €25,749 | -€10,434 | -28.8% |
| Current assets | 29/58 | €36,184 | €25,749 | -€10,434 | -28.8% |
| Amounts receivable within one year | 40/41 | €5,598 | - | -€5,598 | |
| Trade receivables | 40 | €5,598 | - | -€5,598 | |
| Cash at bank and in hand | 54/58 | €30,586 | €25,749 | -€4,837 | -15.8% |
| Total equity and liabilities | 10/49 | €36,184 | €25,749 | -€10,434 | -28.8% |
| Equity | 10/15 | €22,784 | €21,498 | -€1,286 | -5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,784 | €18,498 | -€1,286 | -6.5% |
| Distributable reserves | 133 | €19,784 | €18,498 | -€1,286 | -6.5% |
| Amounts payable | 17/49 | €13,400 | €4,252 | -€9,148 | -68.3% |
| Amounts payable within one year | 42/48 | €13,135 | €2,229 | -€10,906 | -83.0% |
| Trade debts | 44 | €150 | - | -€150 | |
| Suppliers | 440/4 | €150 | - | -€150 | |
| Taxes, remuneration and social security | 45 | €9,889 | - | -€9,889 | |
| Taxes | 450/3 | €9,889 | - | -€9,889 | |
| Other amounts payable | 47/48 | €3,096 | €2,229 | -€867 | -28.0% |
| Accrued charges and deferred income | 492/3 | €265 | €2,023 | +€1,758 | +663.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063 | - | -€1,063 | |
| Other operating charges | 640/8 | €778 | €784 | +€6 | +0.8% |
| Gross operating margin | 9900 | €33,476 | €471 | -€33,005 | -98.6% |
| Operating profit (loss) | 9901 | €31,636 | -€313 | -€31,949 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €497 | €140 | -€357 | -71.8% |
| Recurring financial charges | 65 | €497 | €140 | -€357 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €31,139 | -€453 | -€31,592 | |
| Income taxes | 67/77 | €9,689 | - | -€9,689 | |
| Profit (loss) for the period | 9904 | €21,450 | -€453 | -€21,903 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,450 | -€453 | -€21,903 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.