Felaudart: what changed
What changed
Felaudart
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€62,351
2024 · €45,235+€17,116
Equity
€282,475
2024 · €221,790+€60,685
Cash
€16,503
2024 · €12,166+€4,337
Balance sheet total
€1.8m
2024 · €1.8m-€26,988
Largest movements
Assets
- Receivables within one year -€66,600
down €66,600 (-72.4%), from €91,991 to €25,391
of which Trade receivables: -€66,589
- Tangible fixed assets +€36,679
up €36,679 (+5.5%), from €663,282 to €699,961
of which Other tangible fixed assets: +€64,207
Equity and liabilities
- Reserves +€62,351
up €62,351 (+40.6%), from €153,417 to €215,768
- Debts after one year -€62,186
down €62,186 (-5.1%), from €1.2m to €1.1m
of which Financial debts: -€62,186
- Trade debts -€29,647
down €29,647 (-88.5%), from €33,503 to €3,855
Income statement
- Financial income +€30,000
new in 2025: €30,000
- Depreciation +€10,802
up €10,802 (+26.2%), from €41,184 to €51,986
- Financial charges +€5,288
up €5,288 (+22.0%), from €24,056 to €29,344
- Gross operating margin +€3,153
up €3,153 (+2.4%), from €131,405 to €134,558
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,235
Gross operating margin
+€3,153
Depreciation
-€10,802
Other operating charges
-€1,072
Financial income
+€30,000
Financial charges
-€5,288
Taxes
+€1,124
Result 2025
€62,351
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€155,733
Investment
-€88,665
Financing
-€62,731
Cash 2024
€12,166
From operations (derived)
+€155,733
Net result for the year
+€62,351
Depreciation
+€51,986
Receivables within one year
+€66,600
Deferred charges and accrued income
+€1,404
Trade debts
-€29,647
Tax, wage and social debts
-€1,100
Other debts
+€400
Accrued charges and deferred income
+€3,739
Investment (derived)
-€88,665
Investment in fixed assets (net)
-€88,665
Financing
-€62,731
Debts after one year
-€62,186
Current portion of long-term debt
+€1,142
Short-term financial debts
-€21
Contributions, distributions and other
-€1,666
Cash 2025
€16,503
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,779,154 | €1,752,166 | -€26,988 | -1.5% |
| Fixed assets | 21/28 | €1,673,593 | €1,710,272 | +€36,679 | +2.2% |
| Tangible fixed assets | 22/27 | €663,282 | €699,961 | +€36,679 | +5.5% |
| Land and buildings | 22 | €389,351 | €361,823 | -€27,528 | -7.1% |
| Other tangible fixed assets | 26 | €273,932 | €338,138 | +€64,207 | +23.4% |
| Financial fixed assets | 28 | €1,010,311 | €1,010,311 | = | 0.0% |
| Current assets | 29/58 | €105,561 | €41,894 | -€63,667 | -60.3% |
| Amounts receivable within one year | 40/41 | €91,991 | €25,391 | -€66,600 | -72.4% |
| Trade receivables | 40 | €91,980 | €25,391 | -€66,589 | -72.4% |
| Other amounts receivable | 41 | €11 | - | -€11 | |
| Cash at bank and in hand | 54/58 | €12,166 | €16,503 | +€4,337 | +35.6% |
| Deferred charges and accrued income | 490/1 | €1,404 | - | -€1,404 | |
| Total equity and liabilities | 10/49 | €1,779,154 | €1,752,166 | -€26,988 | -1.5% |
| Equity | 10/15 | €221,790 | €282,475 | +€60,685 | +27.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €153,417 | €215,768 | +€62,351 | +40.6% |
| Distributable reserves | 133 | €153,417 | €215,768 | +€62,351 | +40.6% |
| Profit (loss) carried forward | 14 | €48,372 | €46,706 | -€1,666 | -3.4% |
| Amounts payable | 17/49 | €1,557,364 | €1,469,691 | -€87,673 | -5.6% |
| Amounts payable after more than one year | 17 | €1,211,071 | €1,148,885 | -€62,186 | -5.1% |
| Financial debts | 170/4 | €949,184 | €886,997 | -€62,186 | -6.6% |
| Other amounts payable | 178/9 | €261,887 | €261,887 | = | 0.0% |
| Amounts payable within one year | 42/48 | €332,852 | €303,626 | -€29,226 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €87,044 | €88,186 | +€1,142 | +1.3% |
| Financial debts | 43 | €5,081 | €5,061 | -€21 | -0.4% |
| Credit institutions | 430/8 | €5,081 | €5,061 | -€21 | -0.4% |
| Trade debts | 44 | €33,503 | €3,855 | -€29,647 | -88.5% |
| Suppliers | 440/4 | €33,503 | €3,855 | -€29,647 | -88.5% |
| Taxes, remuneration and social security | 45 | €2,000 | €900 | -€1,100 | -55.0% |
| Taxes | 450/3 | €2,000 | €900 | -€1,100 | -55.0% |
| Other amounts payable | 47/48 | €205,224 | €205,624 | +€400 | +0.2% |
| Accrued charges and deferred income | 492/3 | €13,441 | €17,181 | +€3,739 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,184 | €51,986 | +€10,802 | +26.2% |
| Other operating charges | 640/8 | €3,936 | €5,008 | +€1,072 | +27.2% |
| Gross operating margin | 9900 | €131,405 | €134,558 | +€3,153 | +2.4% |
| Operating profit (loss) | 9901 | €86,285 | €77,565 | -€8,720 | -10.1% |
| Financial income | 75/76B | - | €30,000 | +€30,000 | |
| Recurring financial income | 75 | - | €30,000 | +€30,000 | |
| Financial charges | 65/66B | €24,056 | €29,344 | +€5,288 | +22.0% |
| Recurring financial charges | 65 | €24,056 | €29,344 | +€5,288 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €62,228 | €78,220 | +€15,992 | +25.7% |
| Income taxes | 67/77 | €16,994 | €15,869 | -€1,124 | -6.6% |
| Profit (loss) for the period | 9904 | €45,235 | €62,351 | +€17,116 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,235 | €62,351 | +€17,116 | +37.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.