FELGEN ENGINEERING: 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.
FELGEN ENGINEERING
Largest movements
- Cash +€169,575
up €169,575 (+86.6%), from €195,885 to €365,460
mainly Other debts (+€180,000) and Net result for the year (+€145,749)
- Receivables within one year -€43,724
down €43,724 (-16.3%), from €267,760 to €224,036
of which Other amounts receivable: -€53,720
- Current investments +€28,700
new in 2025: €28,700
- Other debts +€180,000
new in 2025: €180,000
- Profit (loss) carried forward -€62,951
down €62,951 (-18.9%), from €333,643 to €270,692
- Reserves +€28,700
up €28,700 (+1547.2%), from €1,855 to €30,555
- Tax, wage and social debts -€14,085
down €14,085 (-11.7%), from €120,785 to €106,700
of which Taxes: -€8,529
- Trade debts +€13,852
up €13,852 (+44.0%), from €31,478 to €45,329
- Gross operating margin +€193,557
up €193,557 (+45.5%), from €425,008 to €618,565
- Taxes +€48,252
up €48,252 (+1059.5%), from €4,554 to €52,807
- Write-downs -€19,457
down €19,457, from €9,729 to -€9,729
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 | €506,938 | €661,826 | +€154,887 | +30.6% |
| Fixed assets | 21/28 | €41,420 | €39,157 | -€2,264 | -5.5% |
| Tangible fixed assets | 22/27 | €37,313 | €35,050 | -€2,264 | -6.1% |
| Furniture and vehicles | 24 | €5,287 | €7,870 | +€2,583 | +48.8% |
| Other tangible fixed assets | 26 | €32,026 | €27,180 | -€4,847 | -15.1% |
| Financial fixed assets | 28 | €4,107 | €4,107 | = | 0.0% |
| Current assets | 29/58 | €465,518 | €622,669 | +€157,151 | +33.8% |
| Amounts receivable within one year | 40/41 | €267,760 | €224,036 | -€43,724 | -16.3% |
| Trade receivables | 40 | €191,174 | €201,169 | +€9,996 | +5.2% |
| Other amounts receivable | 41 | €76,586 | €22,866 | -€53,720 | -70.1% |
| Current investments | 50/53 | - | €28,700 | +€28,700 | |
| Cash at bank and in hand | 54/58 | €195,885 | €365,460 | +€169,575 | +86.6% |
| Deferred charges and accrued income | 490/1 | €1,873 | €4,473 | +€2,600 | +138.9% |
| Total equity and liabilities | 10/49 | €506,938 | €661,826 | +€154,887 | +30.6% |
| Equity | 10/15 | €354,048 | €319,797 | -€34,251 | -9.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €30,555 | +€28,700 | +1547.2% |
| Non-distributable reserves | 130/1 | €1,855 | €30,555 | +€28,700 | +1547.2% |
| Reserves not available under the articles | 1311 | €1,855 | €30,555 | +€28,700 | +1547.2% |
| Profit (loss) carried forward | 14 | €333,643 | €270,692 | -€62,951 | -18.9% |
| Amounts payable | 17/49 | €152,890 | €342,029 | +€189,138 | +123.7% |
| Amounts payable within one year | 42/48 | €152,262 | €332,029 | +€179,766 | +118.1% |
| Trade debts | 44 | €31,478 | €45,329 | +€13,852 | +44.0% |
| Suppliers | 440/4 | €31,478 | €45,329 | +€13,852 | +44.0% |
| Taxes, remuneration and social security | 45 | €120,785 | €106,700 | -€14,085 | -11.7% |
| Taxes | 450/3 | €52,942 | €44,414 | -€8,529 | -16.1% |
| Remuneration and social security | 454/9 | €67,842 | €62,286 | -€5,557 | -8.2% |
| Other amounts payable | 47/48 | - | €180,000 | +€180,000 | |
| Accrued charges and deferred income | 492/3 | €628 | €10,000 | +€9,372 | +1492.4% |
| Remuneration, social security and pensions | 62 | €416,249 | €420,068 | +€3,819 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,463 | €6,636 | -€1,827 | -21.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,729 | -€9,729 | -€19,457 | |
| Other operating charges | 640/8 | - | €4,065 | +€4,065 | |
| Gross operating margin | 9900 | €425,008 | €618,565 | +€193,557 | +45.5% |
| Operating profit (loss) | 9901 | -€9,432 | €197,525 | +€206,957 | |
| Financial income | 75/76B | €1,376 | €1,268 | -€108 | -7.8% |
| Recurring financial income | 75 | €1,376 | €1,268 | -€108 | -7.8% |
| Financial charges | 65/66B | €653 | €238 | -€414 | -63.5% |
| Recurring financial charges | 65 | €653 | €238 | -€414 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,709 | €198,555 | +€207,264 | |
| Income taxes | 67/77 | €4,554 | €52,807 | +€48,252 | +1059.5% |
| Profit (loss) for the period | 9904 | -€13,263 | €145,749 | +€159,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,263 | €145,749 | +€159,012 |
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 12 October 2026 via checked.be.