Feles: 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.
Feles
Largest movements
- Cash -€4,530
down €4,530 (-70.5%), from €6,430 to €1,900
mainly Net result for the year (-€7,563) and Receivables within one year (-€4,128)
- Receivables within one year +€4,128
up €4,128 (+146.9%), from €2,810 to €6,939
of which Other amounts receivable: +€3,986
- Tangible fixed assets -€3,918
down €3,918 (-9.9%), from €39,518 to €35,600
of which Other tangible fixed assets: -€3,943
- Deferred charges and accrued income +€776
up €776 (+18.9%), from €4,118 to €4,894
- Profit (loss) carried forward -€7,563
down €7,563 (-68.2%), from €11,095 to €3,532
- Tax, wage and social debts +€3,128
up €3,128 (+111.0%), from €2,817 to €5,945
of which Remuneration and social security: +€2,600
- Trade debts +€1,405
up €1,405 (+270.7%), from €519 to €1,924
- Gross operating margin -€42,953
down €42,953, from €41,586 to -€1,367
- Taxes -€7,614
down €7,614 (-97.4%), from €7,817 to €204
- Depreciation -€779
down €779 (-12.1%), from €6,425 to €5,646
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 | €52,876 | €49,332 | -€3,544 | -6.7% |
| Fixed assets | 21/28 | €39,518 | €35,600 | -€3,918 | -9.9% |
| Tangible fixed assets | 22/27 | €39,518 | €35,600 | -€3,918 | -9.9% |
| Plant, machinery and equipment | 23 | €11,990 | €10,317 | -€1,673 | -14.0% |
| Furniture and vehicles | 24 | - | €1,698 | +€1,698 | |
| Other tangible fixed assets | 26 | €27,528 | €23,586 | -€3,943 | -14.3% |
| Current assets | 29/58 | €13,358 | €13,733 | +€374 | +2.8% |
| Amounts receivable within one year | 40/41 | €2,810 | €6,939 | +€4,128 | +146.9% |
| Trade receivables | 40 | - | €142 | +€142 | |
| Other amounts receivable | 41 | €2,810 | €6,797 | +€3,986 | +141.9% |
| Cash at bank and in hand | 54/58 | €6,430 | €1,900 | -€4,530 | -70.5% |
| Deferred charges and accrued income | 490/1 | €4,118 | €4,894 | +€776 | +18.9% |
| Total equity and liabilities | 10/49 | €52,876 | €49,332 | -€3,544 | -6.7% |
| Equity | 10/15 | €17,295 | €9,732 | -€7,563 | -43.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,095 | €3,532 | -€7,563 | -68.2% |
| Amounts payable | 17/49 | €35,581 | €39,600 | +€4,019 | +11.3% |
| Amounts payable after more than one year | 17 | €1,500 | €1,250 | -€250 | -16.7% |
| Other amounts payable | 178/9 | €1,500 | €1,250 | -€250 | -16.7% |
| Amounts payable within one year | 42/48 | €34,051 | €38,350 | +€4,299 | +12.6% |
| Trade debts | 44 | €519 | €1,924 | +€1,405 | +270.7% |
| Suppliers | 440/4 | €519 | €1,924 | +€1,405 | +270.7% |
| Taxes, remuneration and social security | 45 | €2,817 | €5,945 | +€3,128 | +111.0% |
| Taxes | 450/3 | €2,817 | €3,345 | +€528 | +18.7% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €30,714 | €30,481 | -€233 | -0.8% |
| Accrued charges and deferred income | 492/3 | €30 | €0 | -€30 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,425 | €5,646 | -€779 | -12.1% |
| Other operating charges | 640/8 | €499 | €265 | -€233 | -46.8% |
| Non-recurring operating charges | 66A | €314 | €0 | -€314 | -100.0% |
| Gross operating margin | 9900 | €41,586 | -€1,367 | -€42,953 | |
| Operating profit (loss) | 9901 | €34,348 | -€7,279 | -€41,626 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.6% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.6% |
| Financial charges | 65/66B | €133 | €81 | -€52 | -39.3% |
| Recurring financial charges | 65 | €133 | €81 | -€52 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €34,222 | -€7,359 | -€41,581 | |
| Income taxes | 67/77 | €7,817 | €204 | -€7,614 | -97.4% |
| Profit (loss) for the period | 9904 | €26,405 | -€7,563 | -€33,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,405 | -€7,563 | -€33,967 |
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 4 October 2026 via checked.be.