FELDENAM: 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.
FELDENAM
Largest movements
- Receivables within one year -€7,926
down €7,926 (-26.3%), from €30,083 to €22,158
of which Trade receivables: -€4,572
- Cash -€5,457
down €5,457 (-88.3%), from €6,181 to €724
mainly Debts after one year (-€32,895) and Tax, wage and social debts (-€2,784)
- Tangible fixed assets -€995
down €995 (-42.2%), from €2,357 to €1,362
- Stocks and contracts -€825
down €825 (-41.3%), from €2,000 to €1,175
- Debts after one year -€32,895
down €32,895 (-23.3%), from €141,331 to €108,436
- Other debts +€11,085
up €11,085 (+137%), from €8,106 to €19,191
- Profit (loss) carried forward +€9,375
up €9,375 (+5.1%), from -€184,546 to -€175,171
- Tax, wage and social debts -€2,784
down €2,784 (-15.8%), from €17,647 to €14,862
- Trade debts -€2,518
down €2,518 (-10.7%), from €23,446 to €20,929
- Depreciation -€400,586
down €400,586 (-99.9%), from €401,178 to €592
- Gross operating margin -€32,686
down €32,686 (-46.2%), from €70,692 to €38,005
- Staff costs -€25,374
no longer reported in 2025 (was €25,374)
- Other operating charges -€13,205
down €13,205 (-47.5%), from €27,824 to €14,619
- Write-downs +€2,763
new in 2025: €2,763
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.
Derived cash bridge
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 | €46,455 | €30,924 | -€15,530 | -33.4% |
| Fixed assets | 21/28 | €7,752 | €6,757 | -€995 | -12.8% |
| Tangible fixed assets | 22/27 | €2,357 | €1,362 | -€995 | -42.2% |
| Plant, machinery and equipment | 23 | €2,357 | €1,362 | -€995 | -42.2% |
| Financial fixed assets | 28 | €5,395 | €5,395 | = | 0.0% |
| Current assets | 29/58 | €38,703 | €24,168 | -€14,535 | -37.6% |
| Stocks and contracts in progress | 3 | €2,000 | €1,175 | -€825 | -41.3% |
| Stocks | 30/36 | €2,000 | €1,175 | -€825 | -41.3% |
| Amounts receivable within one year | 40/41 | €30,083 | €22,158 | -€7,926 | -26.3% |
| Trade receivables | 40 | €26,729 | €22,158 | -€4,572 | -17.1% |
| Other amounts receivable | 41 | €3,354 | - | -€3,354 | |
| Cash at bank and in hand | 54/58 | €6,181 | €724 | -€5,457 | -88.3% |
| Deferred charges and accrued income | 490/1 | €439 | €112 | -€327 | -74.6% |
| Total equity and liabilities | 10/49 | €46,455 | €30,924 | -€15,530 | -33.4% |
| Equity | 10/15 | -€181,546 | -€172,171 | +€9,375 | +5.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,546 | -€175,171 | +€9,375 | +5.1% |
| Amounts payable | 17/49 | €228,001 | €203,095 | -€24,906 | -10.9% |
| Amounts payable after more than one year | 17 | €141,331 | €108,436 | -€32,895 | -23.3% |
| Financial debts | 170/4 | €141,331 | €108,436 | -€32,895 | -23.3% |
| Amounts payable within one year | 42/48 | €86,382 | €94,592 | +€8,210 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €35,232 | €35,835 | +€603 | +1.7% |
| Financial debts | 43 | €1,952 | €3,776 | +€1,824 | +93.4% |
| Credit institutions | 430/8 | €1,952 | €3,776 | +€1,824 | +93.4% |
| Trade debts | 44 | €23,446 | €20,929 | -€2,518 | -10.7% |
| Suppliers | 440/4 | €23,446 | €20,929 | -€2,518 | -10.7% |
| Taxes, remuneration and social security | 45 | €17,647 | €14,862 | -€2,784 | -15.8% |
| Taxes | 450/3 | €17,647 | €14,862 | -€2,784 | -15.8% |
| Other amounts payable | 47/48 | €8,106 | €19,191 | +€11,085 | +137% |
| Accrued charges and deferred income | 492/3 | €288 | €67 | -€221 | -76.7% |
| Remuneration, social security and pensions | 62 | €25,374 | - | -€25,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401,178 | €592 | -€400,586 | -99.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,763 | +€2,763 | |
| Other operating charges | 640/8 | €27,824 | €14,619 | -€13,205 | -47.5% |
| Gross operating margin | 9900 | €70,692 | €38,005 | -€32,686 | -46.2% |
| Operating profit (loss) | 9901 | -€383,684 | €20,031 | +€403,715 | |
| Financial income | 75/76B | €24 | €13 | -€11 | -45.9% |
| Recurring financial income | 75 | €24 | €13 | -€11 | -45.9% |
| Financial charges | 65/66B | €10,200 | €7,802 | -€2,398 | -23.5% |
| Recurring financial charges | 65 | €10,200 | €7,802 | -€2,398 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€393,860 | €12,242 | +€406,102 | |
| Income taxes | 67/77 | €1,708 | €2,866 | +€1,158 | +67.8% |
| Profit (loss) for the period | 9904 | -€395,568 | €9,375 | +€404,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€395,568 | €9,375 | +€404,944 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.