FELCON: 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.
FELCON
Largest movements
- Receivables within one year -€30,626
down €30,626 (-49.9%), from €61,393 to €30,767
of which Trade receivables: -€30,864
- Cash +€28,426
up €28,426 (+53231.4%), from €53 to €28,479
mainly Net result for the year (+€37,074) and Receivables within one year (+€30,626)
- Tangible fixed assets +€15,940
up €15,940 (+4.0%), from €397,722 to €413,662
of which Leasing and similar rights: +€32,719
- Profit (loss) carried forward +€37,074
up €37,074 (+10.9%), from -€340,237 to -€303,164
- Other debts -€11,679
down €11,679 (-17.2%), from €67,852 to €56,173
- Current portion of long-term debt -€10,185
down €10,185 (-29.4%), from €34,589 to €24,404
- Debts after one year +€7,818
up €7,818 (+23.3%), from €33,573 to €41,392
- Gross operating margin +€13,805
up €13,805 (+23.7%), from €58,209 to €72,013
- Other operating charges +€3,877
up €3,877 (+110.3%), from €3,516 to €7,393
- Depreciation +€3,056
up €3,056 (+15.0%), from €20,322 to €23,377
- Financial charges -€1,384
down €1,384 (-26.9%), from €5,152 to €3,768
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 | €465,246 | €479,537 | +€14,290 | +3.1% |
| Fixed assets | 21/28 | €397,722 | €413,662 | +€15,940 | +4.0% |
| Tangible fixed assets | 22/27 | €397,722 | €413,662 | +€15,940 | +4.0% |
| Land and buildings | 22 | €389,322 | €371,835 | -€17,487 | -4.5% |
| Plant, machinery and equipment | 23 | €1,254 | €3,986 | +€2,732 | +217.8% |
| Furniture and vehicles | 24 | €1,699 | €633 | -€1,066 | -62.7% |
| Leasing and similar rights | 25 | - | €32,719 | +€32,719 | |
| Other tangible fixed assets | 26 | €5,447 | €4,490 | -€957 | -17.6% |
| Current assets | 29/58 | €67,525 | €65,874 | -€1,650 | -2.4% |
| Amounts receivable within one year | 40/41 | €61,393 | €30,767 | -€30,626 | -49.9% |
| Trade receivables | 40 | €61,393 | €30,529 | -€30,864 | -50.3% |
| Other amounts receivable | 41 | - | €238 | +€238 | |
| Cash at bank and in hand | 54/58 | €53 | €28,479 | +€28,426 | +53231.4% |
| Deferred charges and accrued income | 490/1 | €6,078 | €6,628 | +€550 | +9.0% |
| Total equity and liabilities | 10/49 | €465,246 | €479,537 | +€14,290 | +3.1% |
| Equity | 10/15 | €285,123 | €322,196 | +€37,074 | +13.0% |
| Contributions | 10/11 | €69,200 | €69,200 | = | 0.0% |
| Reserves | 13 | €556,160 | €556,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,160 | €8,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,160 | €8,160 | = | 0.0% |
| Distributable reserves | 133 | €548,000 | €548,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,237 | -€303,164 | +€37,074 | +10.9% |
| Amounts payable | 17/49 | €180,124 | €157,340 | -€22,784 | -12.6% |
| Amounts payable after more than one year | 17 | €33,573 | €41,392 | +€7,818 | +23.3% |
| Financial debts | 170/4 | €33,573 | €41,392 | +€7,818 | +23.3% |
| Amounts payable within one year | 42/48 | €138,550 | €110,949 | -€27,602 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €34,589 | €24,404 | -€10,185 | -29.4% |
| Financial debts | 43 | €3,064 | €0 | -€3,064 | -100.0% |
| Credit institutions | 430/8 | €3,064 | €0 | -€3,064 | -100.0% |
| Trade debts | 44 | €18,228 | €18,910 | +€682 | +3.7% |
| Suppliers | 440/4 | €18,228 | €18,910 | +€682 | +3.7% |
| Taxes, remuneration and social security | 45 | €14,818 | €11,462 | -€3,355 | -22.6% |
| Taxes | 450/3 | €11,918 | €8,562 | -€3,355 | -28.2% |
| Remuneration and social security | 454/9 | €2,900 | €2,900 | = | 0.0% |
| Other amounts payable | 47/48 | €67,852 | €56,173 | -€11,679 | -17.2% |
| Accrued charges and deferred income | 492/3 | €8,000 | €5,000 | -€3,000 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,322 | €23,377 | +€3,056 | +15.0% |
| Other operating charges | 640/8 | €3,516 | €7,393 | +€3,877 | +110.3% |
| Gross operating margin | 9900 | €58,209 | €72,013 | +€13,805 | +23.7% |
| Operating profit (loss) | 9901 | €34,371 | €41,243 | +€6,872 | +20.0% |
| Financial income | 75/76B | €38 | €123 | +€85 | +226.1% |
| Recurring financial income | 75 | €38 | €123 | +€85 | +226.1% |
| Financial charges | 65/66B | €5,152 | €3,768 | -€1,384 | -26.9% |
| Recurring financial charges | 65 | €5,152 | €3,768 | -€1,384 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €29,256 | €37,597 | +€8,341 | +28.5% |
| Income taxes | 67/77 | €400 | €524 | +€124 | +30.9% |
| Profit (loss) for the period | 9904 | €28,857 | €37,074 | +€8,217 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,857 | €37,074 | +€8,217 | +28.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.