FELDEN: 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.
FELDEN
Largest movements
- Tangible fixed assets -€16,884
down €16,884 (-3.5%), from €486,403 to €469,519
of which Furniture and vehicles: -€9,332
- Cash +€10,135
up €10,135 (+112.9%), from €8,979 to €19,114
mainly Depreciation (+€16,884) and Other debts (+€16,595)
- Accrued charges and deferred income -€24,235
down €24,235 (-39.7%), from €61,091 to €36,855
- Other debts +€16,595
up €16,595 (+2.4%), from €685,779 to €702,374
- Profit (loss) carried forward +€12,395
up €12,395 (+4.0%), from -€310,078 to -€297,683
- Gross operating margin +€43,233
up €43,233 (+107.3%), from €40,290 to €83,523
- Depreciation -€19,824
down €19,824 (-54.0%), from €36,709 to €16,884
- Financial charges -€19,433
down €19,433 (-34.3%), from €56,682 to €37,248
of which Financial charges: -€17,976
- Financial income -€3,881
down €3,881 (-71.6%), from €5,418 to €1,537
of which Non-recurring financial income: -€3,877
- Other operating charges -€859
down €859 (-4.5%), from €19,014 to €18,155
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 | €509,168 | €510,697 | +€1,529 | +0.3% |
| Fixed assets | 21/28 | €498,171 | €482,823 | -€15,347 | -3.1% |
| Tangible fixed assets | 22/27 | €486,403 | €469,519 | -€16,884 | -3.5% |
| Land and buildings | 22 | €467,991 | €460,439 | -€7,552 | -1.6% |
| Furniture and vehicles | 24 | €18,412 | €9,080 | -€9,332 | -50.7% |
| Financial fixed assets | 28 | €11,767 | €13,305 | +€1,537 | +13.1% |
| Current assets | 29/58 | €10,998 | €27,874 | +€16,876 | +153.5% |
| Amounts receivable within one year | 40/41 | €162 | €5,000 | +€4,838 | +2989.5% |
| Trade receivables | 40 | €0 | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €162 | €0 | -€162 | -100.0% |
| Current investments | 50/53 | €2 | €1 | -€0 | -9.6% |
| Cash at bank and in hand | 54/58 | €8,979 | €19,114 | +€10,135 | +112.9% |
| Deferred charges and accrued income | 490/1 | €1,855 | €3,758 | +€1,903 | +102.6% |
| Total equity and liabilities | 10/49 | €509,168 | €510,697 | +€1,529 | +0.3% |
| Equity | 10/15 | -€242,428 | -€230,033 | +€12,395 | +5.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,078 | -€297,683 | +€12,395 | +4.0% |
| Amounts payable | 17/49 | €751,596 | €740,730 | -€10,866 | -1.4% |
| Amounts payable within one year | 42/48 | €690,506 | €703,875 | +€13,369 | +1.9% |
| Trade debts | 44 | €4,727 | €1,123 | -€3,604 | -76.2% |
| Suppliers | 440/4 | €4,727 | €1,123 | -€3,604 | -76.2% |
| Taxes, remuneration and social security | 45 | €0 | €378 | +€378 | |
| Taxes | 450/3 | €0 | €378 | +€378 | |
| Other amounts payable | 47/48 | €685,779 | €702,374 | +€16,595 | +2.4% |
| Accrued charges and deferred income | 492/3 | €61,091 | €36,855 | -€24,235 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,709 | €16,884 | -€19,824 | -54.0% |
| Other operating charges | 640/8 | €19,014 | €18,155 | -€859 | -4.5% |
| Gross operating margin | 9900 | €40,290 | €83,523 | +€43,233 | +107.3% |
| Operating profit (loss) | 9901 | -€15,433 | €48,484 | +€63,917 | |
| Financial income | 75/76B | €5,418 | €1,537 | -€3,881 | -71.6% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -90.4% |
| Non-recurring financial income | 76B | €5,414 | €1,537 | -€3,877 | -71.6% |
| Financial charges | 65/66B | €56,682 | €37,248 | -€19,433 | -34.3% |
| Recurring financial charges | 65 | €55,224 | €37,248 | -€17,976 | -32.6% |
| Non-recurring financial charges | 66B | €1,458 | €0 | -€1,458 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€66,697 | €12,773 | +€79,470 | |
| Income taxes | 67/77 | €351 | €378 | +€27 | +7.5% |
| Profit (loss) for the period | 9904 | -€67,048 | €12,395 | +€79,443 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,048 | €12,395 | +€79,443 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.