FELGROEN: what changed
FELGROEN
Largest movements
- Tangible fixed assets +€5,936
up €5,936 (+305%), from €1,944 to €7,880
of which Furniture and vehicles: +€6,297
- Cash -€800
no longer reported in 2025 (was €800)
mainly Investment in fixed assets (net) (-€7,600) and Trade debts (-€1,275)
- Receivables within one year -€226
down €226 (-58.2%), from €388 to €162
- Other debts +€7,242
up €7,242 (+26.8%), from €27,057 to €34,299
- Trade debts -€1,275
down €1,275 (-81.7%), from €1,561 to €286
- Tax, wage and social debts -€677
down €677 (-65.7%), from €1,030 to €354
- Profit (loss) carried forward -€381
down €381 (-1.3%), from -€29,069 to -€29,450
- Purchases and services -€5,909
down €5,909 (-21.2%), from €27,866 to €21,957
- Turnover -€3,373
down €3,373 (-11.8%), from €28,631 to €25,258
- Gross operating margin +€2,536
up €2,536 (+331%), from €765 to €3,301
- Depreciation -€1,820
down €1,820 (-52.2%), from €3,485 to €1,664
- Other operating charges +€769
up €769 (+276%), from €279 to €1,049
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,964 | €11,875 | +€4,910 | +70.5% |
| Fixed assets | 21/28 | €2,138 | €8,074 | +€5,936 | +278% |
| Tangible fixed assets | 22/27 | €1,944 | €7,880 | +€5,936 | +305% |
| Plant, machinery and equipment | 23 | €1,657 | €1,296 | -€361 | -21.8% |
| Furniture and vehicles | 24 | €287 | €6,584 | +€6,297 | +2,193% |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €4,827 | €3,801 | -€1,026 | -21.3% |
| Stocks and contracts in progress | 3 | €3,639 | €3,639 | = | 0.0% |
| Stocks | 30/36 | €3,639 | €3,639 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €388 | €162 | -€226 | -58.2% |
| Trade receivables | 40 | €388 | €162 | -€226 | -58.2% |
| Cash at bank and in hand | 54/58 | €800 | - | -€800 | |
| Total equity and liabilities | 10/49 | €6,964 | €11,875 | +€4,910 | +70.5% |
| Equity | 10/15 | -€22,683 | -€23,064 | -€381 | -1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186 | €186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186 | €186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €186 | €186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,069 | -€29,450 | -€381 | -1.3% |
| Amounts payable | 17/49 | €29,648 | €34,939 | +€5,291 | +17.8% |
| Amounts payable within one year | 42/48 | €29,648 | €34,939 | +€5,291 | +17.8% |
| Trade debts | 44 | €1,561 | €286 | -€1,275 | -81.7% |
| Suppliers | 440/4 | €1,561 | €286 | -€1,275 | -81.7% |
| Taxes, remuneration and social security | 45 | €1,030 | €354 | -€677 | -65.7% |
| Taxes | 450/3 | €1,030 | €354 | -€677 | -65.7% |
| Other amounts payable | 47/48 | €27,057 | €34,299 | +€7,242 | +26.8% |
| Turnover | 70 | €28,631 | €25,258 | -€3,373 | -11.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,866 | €21,957 | -€5,909 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,485 | €1,664 | -€1,820 | -52.2% |
| Other operating charges | 640/8 | €279 | €1,049 | +€769 | +276% |
| Gross operating margin | 9900 | €765 | €3,301 | +€2,536 | +331% |
| Operating profit (loss) | 9901 | -€2,999 | €588 | +€3,587 | |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €920 | €840 | -€80 | -8.7% |
| Recurring financial charges | 65 | €920 | €840 | -€80 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,900 | -€251 | +€3,649 | +93.6% |
| Income taxes | 67/77 | - | €130 | +€130 | |
| Profit (loss) for the period | 9904 | -€3,900 | -€381 | +€3,520 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,900 | -€381 | +€3,520 | +90.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.