FELIMAX: 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.
FELIMAX
Largest movements
- Tangible fixed assets +€18,163
up €18,163 (+53.3%), from €34,102 to €52,264
of which Furniture and vehicles: +€17,828
- Cash +€7,576
up €7,576 (+28.5%), from €26,566 to €34,142
mainly Depreciation (+€16,283) and Net result for the year (+€11,586)
- Receivables within one year +€4,702
up €4,702 (+105%), from €4,490 to €9,193
of which Other amounts receivable: +€4,702
- Intangible fixed assets -€4,000
down €4,000 (-46.2%), from €8,667 to €4,667
- Financial fixed assets -€1,738
down €1,738 (-100%), from €1,738 to €0
- Reserves +€11,586
up €11,586 (+30.8%), from €37,620 to €49,206
of which Distributable reserves: +€12,728
- Current portion of long-term debt +€6,389
up €6,389 (+83.1%), from €7,693 to €14,081
- Debts after one year +€3,967
up €3,967 (+19.3%), from €20,570 to €24,537
- Trade debts +€1,366
new in 2025: €1,366
- Tax, wage and social debts +€1,252
up €1,252 (+35.5%), from €3,525 to €4,777
- Gross operating margin -€3,966
down €3,966 (-9.0%), from €44,224 to €40,259
- Taxes -€3,185
down €3,185 (-36.8%), from €8,659 to €5,475
- Depreciation +€2,805
up €2,805 (+20.8%), from €13,477 to €16,283
- Financial charges +€1,216
up €1,216 (+32.4%), from €3,751 to €4,966
- Financial income +€500
new in 2025: €500
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 | €75,705 | €100,265 | +€24,560 | +32.4% |
| Fixed assets | 21/28 | €44,506 | €56,931 | +€12,425 | +27.9% |
| Intangible fixed assets | 21 | €8,667 | €4,667 | -€4,000 | -46.2% |
| Tangible fixed assets | 22/27 | €34,102 | €52,264 | +€18,163 | +53.3% |
| Land and buildings | 22 | €4,111 | €2,809 | -€1,302 | -31.7% |
| Plant, machinery and equipment | 23 | €405 | €304 | -€101 | -25.0% |
| Furniture and vehicles | 24 | €29,586 | €47,414 | +€17,828 | +60.3% |
| Other tangible fixed assets | 26 | - | €1,738 | +€1,738 | |
| Financial fixed assets | 28 | €1,738 | €0 | -€1,738 | -100% |
| Current assets | 29/58 | €31,199 | €43,334 | +€12,135 | +38.9% |
| Amounts receivable within one year | 40/41 | €4,490 | €9,193 | +€4,702 | +105% |
| Trade receivables | 40 | €2,904 | €2,904 | = | 0.0% |
| Other amounts receivable | 41 | €1,586 | €6,289 | +€4,702 | +296% |
| Cash at bank and in hand | 54/58 | €26,566 | €34,142 | +€7,576 | +28.5% |
| Deferred charges and accrued income | 490/1 | €143 | €0 | -€143 | -100% |
| Total equity and liabilities | 10/49 | €75,705 | €100,265 | +€24,560 | +32.4% |
| Equity | 10/15 | €43,918 | €55,504 | +€11,586 | +26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,620 | €49,206 | +€11,586 | +30.8% |
| Non-distributable reserves | 130/1 | €1,142 | €0 | -€1,142 | -100% |
| Reserves not available under the articles | 1311 | €1,142 | €0 | -€1,142 | -100% |
| Distributable reserves | 133 | €36,477 | €49,206 | +€12,728 | +34.9% |
| Profit (loss) carried forward | 14 | €98 | €98 | = | 0.0% |
| Amounts payable | 17/49 | €31,787 | €44,761 | +€12,974 | +40.8% |
| Amounts payable after more than one year | 17 | €20,570 | €24,537 | +€3,967 | +19.3% |
| Financial debts | 170/4 | €20,570 | €24,537 | +€3,967 | +19.3% |
| Amounts payable within one year | 42/48 | €11,217 | €20,224 | +€9,007 | +80.3% |
| Current portion of amounts payable after more than one year | 42 | €7,693 | €14,081 | +€6,389 | +83.1% |
| Trade debts | 44 | - | €1,366 | +€1,366 | |
| Suppliers | 440/4 | - | €1,366 | +€1,366 | |
| Taxes, remuneration and social security | 45 | €3,525 | €4,777 | +€1,252 | +35.5% |
| Taxes | 450/3 | €3,525 | €4,777 | +€1,252 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,477 | €16,283 | +€2,805 | +20.8% |
| Other operating charges | 640/8 | €1,742 | €1,450 | -€292 | -16.8% |
| Non-recurring operating charges | 66A | - | €999 | +€999 | |
| Gross operating margin | 9900 | €44,224 | €40,259 | -€3,966 | -9.0% |
| Operating profit (loss) | 9901 | €29,005 | €21,527 | -€7,478 | -25.8% |
| Financial income | 75/76B | - | €500 | +€500 | |
| Recurring financial income | 75 | - | €500 | +€500 | |
| Financial charges | 65/66B | €3,751 | €4,966 | +€1,216 | +32.4% |
| Recurring financial charges | 65 | €3,751 | €4,966 | +€1,216 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €25,254 | €17,061 | -€8,193 | -32.4% |
| Income taxes | 67/77 | €8,659 | €5,475 | -€3,185 | -36.8% |
| Profit (loss) for the period | 9904 | €16,594 | €11,586 | -€5,008 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,594 | €11,586 | -€5,008 | -30.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.