FELICE MANAGEMENT: 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.
FELICE MANAGEMENT
Largest movements
- Cash +€34,653
up €34,653 (+64.6%), from €53,671 to €88,324
mainly Other debts (+€52,176) and Deferred charges and accrued income (+€2,377)
- Receivables within one year +€9,609
up €9,609 (+59.5%), from €16,160 to €25,769
of which Other amounts receivable: +€8,209
- Deferred charges and accrued income -€2,377
down €2,377 (-42.2%), from €5,629 to €3,252
- Other debts +€52,176
up €52,176 (+455%), from €11,475 to €63,651
- Profit (loss) carried forward -€8,071
down €8,071, from €73 to -€7,998
- Trade debts -€2,178
down €2,178 (-21.0%), from €10,352 to €8,174
- Financial charges +€51,055
up €51,055 (+2,476%), from €2,062 to €53,117
- Taxes -€11,767
down €11,767 (-95.3%), from €12,353 to €585
- Gross operating margin +€4,504
up €4,504 (+10.3%), from €43,660 to €48,164
- Financial income +€629
up €629 (+1,708%), from €37 to €666
- Other operating charges +€514
up €514 (+150%), from €342 to €856
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 | €81,043 | €123,850 | +€42,807 | +52.8% |
| Fixed assets | 21/28 | €5,583 | €6,506 | +€922 | +16.5% |
| Tangible fixed assets | 22/27 | €4,983 | €5,906 | +€922 | +18.5% |
| Furniture and vehicles | 24 | €4,496 | €5,537 | +€1,041 | +23.1% |
| Other tangible fixed assets | 26 | €487 | €369 | -€118 | -24.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €75,460 | €117,344 | +€41,885 | +55.5% |
| Amounts receivable within one year | 40/41 | €16,160 | €25,769 | +€9,609 | +59.5% |
| Trade receivables | 40 | €14,493 | €15,893 | +€1,400 | +9.7% |
| Other amounts receivable | 41 | €1,667 | €9,876 | +€8,209 | +493% |
| Cash at bank and in hand | 54/58 | €53,671 | €88,324 | +€34,653 | +64.6% |
| Deferred charges and accrued income | 490/1 | €5,629 | €3,252 | -€2,377 | -42.2% |
| Total equity and liabilities | 10/49 | €81,043 | €123,850 | +€42,807 | +52.8% |
| Equity | 10/15 | €49,173 | €41,102 | -€8,071 | -16.4% |
| Contributions | 10/11 | €10,100 | €10,100 | = | 0.0% |
| Reserves | 13 | €39,000 | €39,000 | = | 0.0% |
| Distributable reserves | 133 | €39,000 | €39,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73 | -€7,998 | -€8,071 | |
| Amounts payable | 17/49 | €31,869 | €82,748 | +€50,879 | +160% |
| Amounts payable within one year | 42/48 | €31,781 | €82,748 | +€50,967 | +160% |
| Trade debts | 44 | €10,352 | €8,174 | -€2,178 | -21.0% |
| Suppliers | 440/4 | €10,352 | €8,174 | -€2,178 | -21.0% |
| Taxes, remuneration and social security | 45 | €9,954 | €10,923 | +€969 | +9.7% |
| Taxes | 450/3 | €9,954 | €10,771 | +€817 | +8.2% |
| Remuneration and social security | 454/9 | - | €152 | +€152 | |
| Other amounts payable | 47/48 | €11,475 | €63,651 | +€52,176 | +455% |
| Accrued charges and deferred income | 492/3 | €89 | €0 | -€89 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,028 | €2,343 | +€316 | +15.6% |
| Other operating charges | 640/8 | €342 | €856 | +€514 | +150% |
| Gross operating margin | 9900 | €43,660 | €48,164 | +€4,504 | +10.3% |
| Operating profit (loss) | 9901 | €41,290 | €44,965 | +€3,675 | +8.9% |
| Financial income | 75/76B | €37 | €666 | +€629 | +1,708% |
| Recurring financial income | 75 | €37 | €666 | +€629 | +1,708% |
| Financial charges | 65/66B | €2,062 | €53,117 | +€51,055 | +2,476% |
| Recurring financial charges | 65 | €2,062 | €53,117 | +€51,055 | +2,476% |
| Profit (loss) for the period before taxes | 9903 | €39,265 | -€7,486 | -€46,751 | |
| Income taxes | 67/77 | €12,353 | €585 | -€11,767 | -95.3% |
| Profit (loss) for the period | 9904 | €26,912 | -€8,071 | -€34,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,912 | -€8,071 | -€34,984 |
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 20 October 2026 via checked.be.