Felicity Consult: 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.
Felicity Consult
Largest movements
- Current investments +€250,000
up €250,000 (+100%), from €250,000 to €500,000
- Receivables within one year -€29,888
down €29,888 (-45.3%), from €66,025 to €36,137
- Tangible fixed assets -€24,938
down €24,938 (-31.3%), from €79,698 to €54,760
of which Furniture and vehicles: -€22,442
- Cash -€24,864
down €24,864 (-38.9%), from €63,851 to €38,988
mainly Current investments (-€250,000) and Tax, wage and social debts (-€17,370)
- Reserves +€187,037
up €187,037 (+45.7%), from €408,906 to €595,942
- Tax, wage and social debts -€17,370
down €17,370 (-48.9%), from €35,520 to €18,150
- Gross operating margin -€4,808
down €4,808 (-1.6%), from €293,030 to €288,222
- Financial income +€4,332
up €4,332 (+156%), from €2,784 to €7,116
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 | €460,817 | €631,068 | +€170,251 | +36.9% |
| Fixed assets | 21/28 | €79,698 | €54,760 | -€24,938 | -31.3% |
| Tangible fixed assets | 22/27 | €79,698 | €54,760 | -€24,938 | -31.3% |
| Plant, machinery and equipment | 23 | €7,185 | €4,689 | -€2,496 | -34.7% |
| Furniture and vehicles | 24 | €72,513 | €50,071 | -€22,442 | -30.9% |
| Current assets | 29/58 | €381,119 | €576,309 | +€195,189 | +51.2% |
| Amounts receivable within one year | 40/41 | €66,025 | €36,137 | -€29,888 | -45.3% |
| Trade receivables | 40 | €66,025 | €36,137 | -€29,888 | -45.3% |
| Current investments | 50/53 | €250,000 | €500,000 | +€250,000 | +100% |
| Cash at bank and in hand | 54/58 | €63,851 | €38,988 | -€24,864 | -38.9% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,184 | -€59 | -4.7% |
| Total equity and liabilities | 10/49 | €460,817 | €631,068 | +€170,251 | +36.9% |
| Equity | 10/15 | €423,906 | €610,942 | +€187,037 | +44.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €408,906 | €595,942 | +€187,037 | +45.7% |
| Distributable reserves | 133 | €408,906 | €595,942 | +€187,037 | +45.7% |
| Amounts payable | 17/49 | €36,912 | €20,126 | -€16,785 | -45.5% |
| Amounts payable within one year | 42/48 | €35,540 | €19,078 | -€16,462 | -46.3% |
| Trade debts | 44 | €0 | €525 | +€525 | |
| Suppliers | 440/4 | €0 | €525 | +€525 | |
| Taxes, remuneration and social security | 45 | €35,520 | €18,150 | -€17,370 | -48.9% |
| Taxes | 450/3 | €35,520 | €18,150 | -€17,370 | -48.9% |
| Other amounts payable | 47/48 | €20 | €403 | +€383 | +1,916% |
| Accrued charges and deferred income | 492/3 | €1,372 | €1,048 | -€324 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,785 | €24,938 | +€153 | +0.6% |
| Other operating charges | 640/8 | €536 | €599 | +€63 | +11.7% |
| Gross operating margin | 9900 | €293,030 | €288,222 | -€4,808 | -1.6% |
| Operating profit (loss) | 9901 | €267,709 | €262,685 | -€5,024 | -1.9% |
| Financial income | 75/76B | €2,784 | €7,116 | +€4,332 | +156% |
| Recurring financial income | 75 | €2,784 | €7,116 | +€4,332 | +156% |
| Financial charges | 65/66B | €44 | €125 | +€81 | +183% |
| Recurring financial charges | 65 | €44 | €125 | +€81 | +183% |
| Profit (loss) for the period before taxes | 9903 | €270,449 | €269,676 | -€773 | -0.3% |
| Income taxes | 67/77 | €82,799 | €82,639 | -€160 | -0.2% |
| Profit (loss) for the period | 9904 | €187,650 | €187,037 | -€613 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €187,650 | €187,037 | -€613 | -0.3% |
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 13 October 2026 via checked.be.