FELIN: 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.
FELIN
Largest movements
- Receivables within one year +€72,170
up €72,170 (+76.0%), from €94,952 to €167,121
of which Other amounts receivable: +€53,383
- Cash +€19,426
up €19,426 (+59.2%), from €32,803 to €52,229
mainly Trade debts (+€72,106) and Depreciation (+€14,595)
- Tangible fixed assets -€10,940
down €10,940 (-23.7%), from €46,096 to €35,156
of which Plant, machinery and equipment: -€10,130
- Trade debts +€72,106
up €72,106 (+32.8%), from €220,050 to €292,156
- Tax, wage and social debts +€7,976
up €7,976 (+139.5%), from €5,718 to €13,695
- Gross operating margin +€10,902
up €10,902 (+208.1%), from €5,239 to €16,142
- Other operating charges -€2,988
down €2,988 (-79.2%), from €3,773 to €785
- Financial income +€1,393
up €1,393 (+7804.7%), from €18 to €1,411
- Taxes +€388
up €388 (+27.1%), from €1,432 to €1,820
- Depreciation -€271
down €271 (-1.8%), from €14,867 to €14,595
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.
Cash bridge derived
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 | €364,488 | €445,145 | +€80,657 | +22.1% |
| Fixed assets | 21/28 | €66,391 | €55,451 | -€10,940 | -16.5% |
| Tangible fixed assets | 22/27 | €46,096 | €35,156 | -€10,940 | -23.7% |
| Plant, machinery and equipment | 23 | €45,286 | €35,156 | -€10,130 | -22.4% |
| Furniture and vehicles | 24 | €810 | - | -€810 | |
| Financial fixed assets | 28 | €20,295 | €20,295 | = | 0.0% |
| Current assets | 29/58 | €298,097 | €389,693 | +€91,596 | +30.7% |
| Amounts receivable after more than one year | 29 | €170,343 | €170,343 | = | 0.0% |
| Other amounts receivable | 291 | €170,343 | €170,343 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,952 | €167,121 | +€72,170 | +76.0% |
| Trade receivables | 40 | €71,132 | €89,919 | +€18,787 | +26.4% |
| Other amounts receivable | 41 | €23,820 | €77,203 | +€53,383 | +224.1% |
| Cash at bank and in hand | 54/58 | €32,803 | €52,229 | +€19,426 | +59.2% |
| Total equity and liabilities | 10/49 | €364,488 | €445,145 | +€80,657 | +22.1% |
| Equity | 10/15 | €125,037 | €124,480 | -€557 | -0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €139,650 | €139,650 | = | 0.0% |
| Distributable reserves | 133 | €139,650 | €139,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,613 | -€35,170 | -€557 | -1.6% |
| Amounts payable | 17/49 | €239,452 | €320,665 | +€81,213 | +33.9% |
| Amounts payable within one year | 42/48 | €239,452 | €320,665 | +€81,213 | +33.9% |
| Trade debts | 44 | €220,050 | €292,156 | +€72,106 | +32.8% |
| Suppliers | 440/4 | €220,050 | €292,156 | +€72,106 | +32.8% |
| Taxes, remuneration and social security | 45 | €5,718 | €13,695 | +€7,976 | +139.5% |
| Taxes | 450/3 | €5,718 | €13,695 | +€7,976 | +139.5% |
| Other amounts payable | 47/48 | €13,683 | €14,814 | +€1,131 | +8.3% |
| Non-recurring operating income | 76A | €1,216 | - | -€1,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,867 | €14,595 | -€271 | -1.8% |
| Other operating charges | 640/8 | €3,773 | €785 | -€2,988 | -79.2% |
| Gross operating margin | 9900 | €5,239 | €16,142 | +€10,902 | +208.1% |
| Operating profit (loss) | 9901 | -€13,401 | €761 | +€14,161 | |
| Financial income | 75/76B | €18 | €1,411 | +€1,393 | +7804.7% |
| Recurring financial income | 75 | €18 | €1,411 | +€1,393 | +7804.7% |
| Financial charges | 65/66B | €843 | €909 | +€65 | +7.7% |
| Recurring financial charges | 65 | €843 | €909 | +€65 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,226 | €1,263 | +€15,489 | |
| Income taxes | 67/77 | €1,432 | €1,820 | +€388 | +27.1% |
| Profit (loss) for the period | 9904 | -€15,658 | -€557 | +€15,101 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,658 | -€557 | +€15,101 | +96.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.