FELIFEN: 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.
FELIFEN
Largest movements
- Stocks and contracts -€20,091
down €20,091 (-9.1%), from €221,155 to €201,064
- Receivables within one year +€18,786
up €18,786 (+35.4%), from €53,097 to €71,883
of which Other amounts receivable: +€10,363
- Tangible fixed assets -€12,172
down €12,172 (-24.3%), from €50,102 to €37,930
of which Furniture and vehicles: -€7,107
- Intangible fixed assets -€8,000
down €8,000 (-30.0%), from €26,667 to €18,667
- Cash +€6,181
up €6,181 (+55.3%), from €11,180 to €17,361
mainly Current portion of long-term debt (+€42,960) and Depreciation (+€21,373)
- Current portion of long-term debt +€42,960
up €42,960 (+67.6%), from €63,516 to €106,476
- Debts after one year -€28,096
down €28,096 (-21.5%), from €130,658 to €102,562
- Profit (loss) carried forward -€19,987
down €19,987 (-88.6%), from -€22,567 to -€42,554
- Short-term financial debts -€19,700
down €19,700 (-66.3%), from €29,700 to €10,000
- Tax, wage and social debts +€10,964
up €10,964 (+71.0%), from €15,447 to €26,411
of which Remuneration and social security: +€6,116
- Gross operating margin -€27,073
down €27,073 (-47.1%), from €57,443 to €30,370
- Write-downs -€25,690
down €25,690, from €4,037 to -€21,653
- Staff costs +€9,153
up €9,153 (+27.9%), from €32,766 to €41,920
- Financial charges +€3,968
up €3,968 (+91.9%), from €4,316 to €8,285
- Financial income -€2,127
down €2,127 (-66.1%), from €3,216 to €1,089
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,517 | €351,568 | -€16,949 | -4.6% |
| Fixed assets | 21/28 | €79,203 | €59,065 | -€20,137 | -25.4% |
| Intangible fixed assets | 21 | €26,667 | €18,667 | -€8,000 | -30.0% |
| Tangible fixed assets | 22/27 | €50,102 | €37,930 | -€12,172 | -24.3% |
| Plant, machinery and equipment | 23 | €2,533 | €533 | -€2,000 | -78.9% |
| Furniture and vehicles | 24 | €25,207 | €18,100 | -€7,107 | -28.2% |
| Other tangible fixed assets | 26 | €22,362 | €19,297 | -€3,065 | -13.7% |
| Financial fixed assets | 28 | €2,433 | €2,468 | +€35 | +1.4% |
| Current assets | 29/58 | €289,314 | €292,503 | +€3,188 | +1.1% |
| Stocks and contracts in progress | 3 | €221,155 | €201,064 | -€20,091 | -9.1% |
| Stocks | 30/36 | €221,155 | €201,064 | -€20,091 | -9.1% |
| Amounts receivable within one year | 40/41 | €53,097 | €71,883 | +€18,786 | +35.4% |
| Trade receivables | 40 | €17,060 | €25,483 | +€8,423 | +49.4% |
| Other amounts receivable | 41 | €36,037 | €46,400 | +€10,363 | +28.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,180 | €17,361 | +€6,181 | +55.3% |
| Deferred charges and accrued income | 490/1 | €3,883 | €2,195 | -€1,688 | -43.5% |
| Total equity and liabilities | 10/49 | €368,517 | €351,568 | -€16,949 | -4.6% |
| Equity | 10/15 | €47,481 | €27,494 | -€19,987 | -42.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,048 | €50,048 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €50,048 | €50,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,567 | -€42,554 | -€19,987 | -88.6% |
| Amounts payable | 17/49 | €321,036 | €324,074 | +€3,038 | +0.9% |
| Amounts payable after more than one year | 17 | €130,658 | €102,562 | -€28,096 | -21.5% |
| Financial debts | 170/4 | €130,658 | €102,562 | -€28,096 | -21.5% |
| Amounts payable within one year | 42/48 | €180,019 | €208,458 | +€28,439 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €63,516 | €106,476 | +€42,960 | +67.6% |
| Financial debts | 43 | €29,700 | €10,000 | -€19,700 | -66.3% |
| Credit institutions | 430/8 | €29,700 | €10,000 | -€19,700 | -66.3% |
| Trade debts | 44 | €66,563 | €62,019 | -€4,544 | -6.8% |
| Suppliers | 440/4 | €66,563 | €62,019 | -€4,544 | -6.8% |
| Advances received on contracts in progress | 46 | €2,140 | €2,140 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,447 | €26,411 | +€10,964 | +71.0% |
| Taxes | 450/3 | €9,257 | €14,104 | +€4,847 | +52.4% |
| Remuneration and social security | 454/9 | €6,190 | €12,307 | +€6,116 | +98.8% |
| Other amounts payable | 47/48 | €2,653 | €1,413 | -€1,240 | -46.8% |
| Accrued charges and deferred income | 492/3 | €10,359 | €13,054 | +€2,694 | +26.0% |
| Remuneration, social security and pensions | 62 | €32,766 | €41,920 | +€9,153 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,236 | €21,373 | -€863 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,037 | -€21,653 | -€25,690 | |
| Other operating charges | 640/8 | €1,520 | €1,281 | -€239 | -15.7% |
| Gross operating margin | 9900 | €57,443 | €30,370 | -€27,073 | -47.1% |
| Operating profit (loss) | 9901 | -€3,116 | -€12,551 | -€9,435 | -303% |
| Financial income | 75/76B | €3,216 | €1,089 | -€2,127 | -66.1% |
| Recurring financial income | 75 | €3,216 | €1,089 | -€2,127 | -66.1% |
| Financial charges | 65/66B | €4,316 | €8,285 | +€3,968 | +91.9% |
| Recurring financial charges | 65 | €4,316 | €8,285 | +€3,968 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,217 | -€19,747 | -€15,530 | -368% |
| Income taxes | 67/77 | €244 | €240 | -€4 | -1.6% |
| Profit (loss) for the period | 9904 | -€4,460 | -€19,987 | -€15,527 | -348% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,460 | -€19,987 | -€15,527 | -348% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.