FELEX: 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.
FELEX
Largest movements
- Receivables within one year +€92,659
up €92,659 (+107.5%), from €86,187 to €178,847
of which Trade receivables: +€141,817
- Tangible fixed assets +€79,932
up €79,932 (+1107.9%), from €7,214 to €87,147
- Financial fixed assets +€32,616
new in 2024: €32,616
- Deferred charges and accrued income -€7,537
down €7,537 (-48.2%), from €15,630 to €8,093
- Cash +€6,855
up €6,855 (+6.1%), from €112,967 to €119,822
mainly Net result for the year (+€296,263) and Other debts (+€174,684)
- Other debts +€174,684
up €174,684 (+109.3%), from €159,815 to €334,498
- Debts after one year +€31,372
new in 2024: €31,372
- Current portion of long-term debt +€13,172
new in 2024: €13,172
- Accrued charges and deferred income -€9,489
down €9,489 (-98.7%), from €9,615 to €126
- Gross operating margin +€200,623
up €200,623 (+95.2%), from €210,798 to €411,421
- Taxes +€45,156
up €45,156 (+90.3%), from €49,999 to €95,155
- Depreciation +€14,827
up €14,827 (+523.0%), from €2,835 to €17,662
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,999 | €426,524 | +€204,525 | +92.1% |
| Fixed assets | 21/28 | €7,214 | €119,762 | +€112,548 | +1560.0% |
| Tangible fixed assets | 22/27 | €7,214 | €87,147 | +€79,932 | +1107.9% |
| Furniture and vehicles | 24 | €7,214 | €87,147 | +€79,932 | +1107.9% |
| Financial fixed assets | 28 | - | €32,616 | +€32,616 | |
| Current assets | 29/58 | €214,785 | €306,762 | +€91,977 | +42.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €86,187 | €178,847 | +€92,659 | +107.5% |
| Trade receivables | 40 | €32,029 | €173,847 | +€141,817 | +442.8% |
| Other amounts receivable | 41 | €54,158 | €5,000 | -€49,158 | -90.8% |
| Cash at bank and in hand | 54/58 | €112,967 | €119,822 | +€6,855 | +6.1% |
| Deferred charges and accrued income | 490/1 | €15,630 | €8,093 | -€7,537 | -48.2% |
| Total equity and liabilities | 10/49 | €221,999 | €426,524 | +€204,525 | +92.1% |
| Equity | 10/15 | €20,650 | €18,600 | -€2,050 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,050 | €0 | -€2,050 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,050 | €0 | -€2,050 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €201,349 | €407,924 | +€206,575 | +102.6% |
| Amounts payable after more than one year | 17 | - | €31,372 | +€31,372 | |
| Financial debts | 170/4 | - | €31,372 | +€31,372 | |
| Amounts payable within one year | 42/48 | €191,734 | €376,427 | +€184,692 | +96.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,172 | +€13,172 | |
| Financial debts | 43 | - | €144 | +€144 | |
| Credit institutions | 430/8 | - | €144 | +€144 | |
| Trade debts | 44 | €9,856 | €7,699 | -€2,157 | -21.9% |
| Suppliers | 440/4 | €9,856 | €7,699 | -€2,157 | -21.9% |
| Taxes, remuneration and social security | 45 | €22,064 | €20,914 | -€1,150 | -5.2% |
| Taxes | 450/3 | €22,064 | €20,914 | -€1,150 | -5.2% |
| Other amounts payable | 47/48 | €159,815 | €334,498 | +€174,684 | +109.3% |
| Accrued charges and deferred income | 492/3 | €9,615 | €126 | -€9,489 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,835 | €17,662 | +€14,827 | +523.0% |
| Other operating charges | 640/8 | €562 | €1,206 | +€645 | +114.8% |
| Gross operating margin | 9900 | €210,798 | €411,421 | +€200,623 | +95.2% |
| Operating profit (loss) | 9901 | €207,402 | €392,554 | +€185,152 | +89.3% |
| Financial income | 75/76B | €2,772 | €1,376 | -€1,396 | -50.4% |
| Recurring financial income | 75 | €2,772 | €1,376 | -€1,396 | -50.4% |
| Financial charges | 65/66B | €360 | €2,512 | +€2,151 | +597.4% |
| Recurring financial charges | 65 | €360 | €2,512 | +€2,151 | +597.4% |
| Profit (loss) for the period before taxes | 9903 | €209,814 | €391,418 | +€181,604 | +86.6% |
| Income taxes | 67/77 | €49,999 | €95,155 | +€45,156 | +90.3% |
| Profit (loss) for the period | 9904 | €159,815 | €296,263 | +€136,449 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €159,815 | €296,263 | +€136,449 | +85.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.