FÉLICO: 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.
FÉLICO
Largest movements
- Cash +€6,550
up €6,550 (+13.9%), from €47,186 to €53,736
mainly Other debts (+€45,933) and Net result for the year (+€43,962)
- Receivables within one year +€6,049
up €6,049 (+15.1%), from €40,062 to €46,111
of which Trade receivables: +€21,049
- Profit (loss) carried forward -€51,038
down €51,038 (-77.7%), from €65,647 to €14,609
- Other debts +€45,933
new in 2025: €45,933
- Tax, wage and social debts +€18,545
up €18,545 (+89.3%), from €20,773 to €39,318
of which Remuneration and social security: +€39,318
- Gross operating margin +€15,010
up €15,010 (+29.9%), from €50,141 to €65,151
- Taxes +€9,665
up €9,665 (+101.3%), from €9,538 to €19,203
- Financial income +€937
new in 2025: €937
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 | €90,502 | €103,105 | +€12,603 | +13.9% |
| Fixed assets | 21/28 | €2,224 | €1,222 | -€1,002 | -45.1% |
| Tangible fixed assets | 22/27 | €2,224 | €1,222 | -€1,002 | -45.1% |
| Furniture and vehicles | 24 | €2,224 | €1,222 | -€1,002 | -45.1% |
| Current assets | 29/58 | €88,278 | €101,883 | +€13,605 | +15.4% |
| Amounts receivable within one year | 40/41 | €40,062 | €46,111 | +€6,049 | +15.1% |
| Trade receivables | 40 | €25,062 | €46,111 | +€21,049 | +84.0% |
| Other amounts receivable | 41 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €47,186 | €53,736 | +€6,550 | +13.9% |
| Deferred charges and accrued income | 490/1 | €1,030 | €2,036 | +€1,006 | +97.7% |
| Total equity and liabilities | 10/49 | €90,502 | €103,105 | +€12,603 | +13.9% |
| Equity | 10/15 | €66,647 | €15,609 | -€51,038 | -76.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,647 | €14,609 | -€51,038 | -77.7% |
| Amounts payable | 17/49 | €23,855 | €87,496 | +€63,641 | +266.8% |
| Amounts payable within one year | 42/48 | €23,855 | €87,496 | +€63,641 | +266.8% |
| Trade debts | 44 | €3,082 | €2,245 | -€837 | -27.2% |
| Suppliers | 440/4 | €3,082 | €2,245 | -€837 | -27.2% |
| Taxes, remuneration and social security | 45 | €20,773 | €39,318 | +€18,545 | +89.3% |
| Taxes | 450/3 | €20,773 | - | -€20,773 | |
| Remuneration and social security | 454/9 | - | €39,318 | +€39,318 | |
| Other amounts payable | 47/48 | - | €45,933 | +€45,933 | |
| Remuneration, social security and pensions | 62 | €1,658 | €1,658 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683 | €1,002 | +€319 | +46.7% |
| Other operating charges | 640/8 | - | €132 | +€132 | |
| Gross operating margin | 9900 | €50,141 | €65,151 | +€15,010 | +29.9% |
| Operating profit (loss) | 9901 | €47,800 | €62,359 | +€14,559 | +30.5% |
| Financial income | 75/76B | - | €937 | +€937 | |
| Recurring financial income | 75 | - | €937 | +€937 | |
| Financial charges | 65/66B | €109 | €131 | +€22 | +20.2% |
| Recurring financial charges | 65 | €109 | €131 | +€22 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €47,691 | €63,165 | +€15,474 | +32.4% |
| Income taxes | 67/77 | €9,538 | €19,203 | +€9,665 | +101.3% |
| Profit (loss) for the period | 9904 | €38,153 | €43,962 | +€5,809 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,153 | €43,962 | +€5,809 | +15.2% |
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.