FELAS: 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.
FELAS
Largest movements
- Receivables within one year +€14,034
up €14,034 (+59.2%), from €23,720 to €37,754
of which Other amounts receivable: +€18,419
- Cash -€13,670
down €13,670 (-60.2%), from €22,721 to €9,052
mainly Receivables within one year (-€14,034) and Tax, wage and social debts (-€4,641)
- Tangible fixed assets -€1,105
down €1,105 (-45.5%), from €2,429 to €1,324
of which Furniture and vehicles: -€978
- Profit (loss) carried forward +€7,918
up €7,918 (+26.8%), from €29,547 to €37,465
- Tax, wage and social debts -€4,641
down €4,641 (-48.5%), from €9,559 to €4,919
- Trade debts -€4,018
down €4,018 (-84.3%), from €4,765 to €747
- Gross operating margin -€5,094
down €5,094 (-28.6%), from €17,805 to €12,712
- Financial charges -€882
down €882 (-47.9%), from €1,840 to €958
- Taxes -€797
down €797 (-27.4%), from €2,911 to €2,114
- Other operating charges -€405
down €405 (-75.8%), from €534 to €129
- Depreciation +€338
up €338 (+26.7%), from €1,266 to €1,604
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,871 | €48,130 | -€740 | -1.5% |
| Fixed assets | 21/28 | €2,429 | €1,324 | -€1,105 | -45.5% |
| Tangible fixed assets | 22/27 | €2,429 | €1,324 | -€1,105 | -45.5% |
| Plant, machinery and equipment | 23 | €805 | €679 | -€126 | -15.7% |
| Furniture and vehicles | 24 | €1,624 | €646 | -€978 | -60.2% |
| Current assets | 29/58 | €46,442 | €46,806 | +€364 | +0.8% |
| Amounts receivable within one year | 40/41 | €23,720 | €37,754 | +€14,034 | +59.2% |
| Trade receivables | 40 | €23,720 | €19,335 | -€4,385 | -18.5% |
| Other amounts receivable | 41 | - | €18,419 | +€18,419 | |
| Cash at bank and in hand | 54/58 | €22,721 | €9,052 | -€13,670 | -60.2% |
| Total equity and liabilities | 10/49 | €48,871 | €48,130 | -€740 | -1.5% |
| Equity | 10/15 | €34,547 | €42,465 | +€7,918 | +22.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,547 | €37,465 | +€7,918 | +26.8% |
| Amounts payable | 17/49 | €14,324 | €5,665 | -€8,659 | -60.4% |
| Amounts payable within one year | 42/48 | €14,324 | €5,665 | -€8,659 | -60.4% |
| Trade debts | 44 | €4,765 | €747 | -€4,018 | -84.3% |
| Suppliers | 440/4 | €4,765 | €747 | -€4,018 | -84.3% |
| Taxes, remuneration and social security | 45 | €9,559 | €4,919 | -€4,641 | -48.5% |
| Taxes | 450/3 | €9,559 | €4,919 | -€4,641 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,266 | €1,604 | +€338 | +26.7% |
| Other operating charges | 640/8 | €534 | €129 | -€405 | -75.8% |
| Gross operating margin | 9900 | €17,805 | €12,712 | -€5,094 | -28.6% |
| Operating profit (loss) | 9901 | €16,005 | €10,978 | -€5,027 | -31.4% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €1,840 | €958 | -€882 | -47.9% |
| Recurring financial charges | 65 | €1,840 | €958 | -€882 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €14,165 | €10,032 | -€4,132 | -29.2% |
| Income taxes | 67/77 | €2,911 | €2,114 | -€797 | -27.4% |
| Profit (loss) for the period | 9904 | €11,254 | €7,918 | -€3,335 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,254 | €7,918 | -€3,335 | -29.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.