FELICITAS: 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.
FELICITAS
Largest movements
- Cash +€58,915
up €58,915 (+206.8%), from €28,494 to €87,409
mainly Net result for the year (+€90,448) and Other debts (+€43,083)
- Receivables within one year -€3,812
down €3,812 (-5.6%), from €68,147 to €64,334
- Deferred charges and accrued income +€2,144
new in 2025: €2,144
- Other debts +€43,083
up €43,083 (+79.9%), from €53,929 to €97,012
- Tax, wage and social debts +€8,952
up €8,952 (+39.8%), from €22,514 to €31,466
- Current portion of long-term debt +€6,000
new in 2025: €6,000
- Taxes +€5,738
up €5,738 (+24.4%), from €23,544 to €29,283
- Gross operating margin +€1,342
up €1,342 (+1.1%), from €119,797 to €121,139
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 | €96,729 | €153,887 | +€57,158 | +59.1% |
| Fixed assets | 21/28 | €89 | €0 | -€89 | -100.0% |
| Tangible fixed assets | 22/27 | €89 | €0 | -€89 | -100.0% |
| Furniture and vehicles | 24 | €36 | €0 | -€36 | -100.0% |
| Other tangible fixed assets | 26 | €53 | €0 | -€53 | -100.0% |
| Current assets | 29/58 | €96,641 | €153,887 | +€57,246 | +59.2% |
| Amounts receivable within one year | 40/41 | €68,147 | €64,334 | -€3,812 | -5.6% |
| Trade receivables | 40 | €68,147 | €64,334 | -€3,812 | -5.6% |
| Cash at bank and in hand | 54/58 | €28,494 | €87,409 | +€58,915 | +206.8% |
| Deferred charges and accrued income | 490/1 | - | €2,144 | +€2,144 | |
| Total equity and liabilities | 10/49 | €96,729 | €153,887 | +€57,158 | +59.1% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Amounts payable | 17/49 | €78,179 | €135,337 | +€57,158 | +73.1% |
| Amounts payable within one year | 42/48 | €77,382 | €135,337 | +€57,955 | +74.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €939 | €859 | -€80 | -8.5% |
| Suppliers | 440/4 | €939 | €859 | -€80 | -8.5% |
| Taxes, remuneration and social security | 45 | €22,514 | €31,466 | +€8,952 | +39.8% |
| Taxes | 450/3 | €22,514 | €31,466 | +€8,952 | +39.8% |
| Other amounts payable | 47/48 | €53,929 | €97,012 | +€43,083 | +79.9% |
| Accrued charges and deferred income | 492/3 | €798 | - | -€798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268 | €89 | -€179 | -66.9% |
| Other operating charges | 640/8 | €1,232 | €1,177 | -€55 | -4.4% |
| Gross operating margin | 9900 | €119,797 | €121,139 | +€1,342 | +1.1% |
| Operating profit (loss) | 9901 | €118,297 | €119,874 | +€1,576 | +1.3% |
| Financial income | 75/76B | €671 | €601 | -€69 | -10.3% |
| Recurring financial income | 75 | €671 | €601 | -€69 | -10.3% |
| Financial charges | 65/66B | €601 | €745 | +€143 | +23.9% |
| Recurring financial charges | 65 | €601 | €745 | +€143 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €118,367 | €119,730 | +€1,363 | +1.2% |
| Income taxes | 67/77 | €23,544 | €29,283 | +€5,738 | +24.4% |
| Profit (loss) for the period | 9904 | €94,823 | €90,448 | -€4,375 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,823 | €90,448 | -€4,375 | -4.6% |
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 3 October 2026 via checked.be.