FELIN AUTOMATION: 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.
FELIN AUTOMATION
Largest movements
- Tangible fixed assets +€95,034
new in 2025: €95,034
- Receivables within one year -€90,095
down €90,095 (-33.8%), from €266,265 to €176,170
of which Trade receivables: -€89,517
- Cash -€17,283
down €17,283 (-90.7%), from €19,057 to €1,773
mainly Investment in fixed assets (net) (-€96,802) and Trade debts (-€60,466)
- Debts after one year +€69,960
new in 2025: €69,960
- Trade debts -€60,466
down €60,466 (-60.6%), from €99,760 to €39,294
- Tax, wage and social debts -€35,615
down €35,615 (-100.0%), from €35,625 to €10
- Current portion of long-term debt +€20,576
new in 2025: €20,576
- Profit (loss) carried forward -€6,800
new in 2025: -€6,800
- Gross operating margin -€97,198
down €97,198, from €93,771 to -€3,426
- Taxes -€31,968
down €31,968 (-100.0%), from €31,978 to €10
- Depreciation +€1,768
new in 2025: €1,768
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 | €285,322 | €272,977 | -€12,345 | -4.3% |
| Fixed assets | 21/28 | - | €95,034 | +€95,034 | |
| Tangible fixed assets | 22/27 | - | €95,034 | +€95,034 | |
| Furniture and vehicles | 24 | - | €95,034 | +€95,034 | |
| Current assets | 29/58 | €285,322 | €177,944 | -€107,379 | -37.6% |
| Amounts receivable within one year | 40/41 | €266,265 | €176,170 | -€90,095 | -33.8% |
| Trade receivables | 40 | €234,801 | €145,284 | -€89,517 | -38.1% |
| Other amounts receivable | 41 | €31,464 | €30,887 | -€578 | -1.8% |
| Cash at bank and in hand | 54/58 | €19,057 | €1,773 | -€17,283 | -90.7% |
| Total equity and liabilities | 10/49 | €285,322 | €272,977 | -€12,345 | -4.3% |
| Equity | 10/15 | €149,937 | €143,137 | -€6,800 | -4.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €88,437 | €88,437 | = | 0.0% |
| Distributable reserves | 133 | €88,437 | €88,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,800 | -€6,800 | |
| Amounts payable | 17/49 | €135,385 | €129,840 | -€5,545 | -4.1% |
| Amounts payable after more than one year | 17 | - | €69,960 | +€69,960 | |
| Financial debts | 170/4 | - | €69,960 | +€69,960 | |
| Amounts payable within one year | 42/48 | €135,385 | €59,880 | -€75,505 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | - | €20,576 | +€20,576 | |
| Trade debts | 44 | €99,760 | €39,294 | -€60,466 | -60.6% |
| Suppliers | 440/4 | €99,760 | €39,294 | -€60,466 | -60.6% |
| Taxes, remuneration and social security | 45 | €35,625 | €10 | -€35,615 | -100.0% |
| Taxes | 450/3 | €35,625 | €10 | -€35,615 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,768 | +€1,768 | |
| Other operating charges | 640/8 | €831 | €955 | +€123 | +14.8% |
| Gross operating margin | 9900 | €93,771 | -€3,426 | -€97,198 | |
| Operating profit (loss) | 9901 | €92,940 | -€6,149 | -€99,089 | |
| Financial charges | 65/66B | €479 | €641 | +€162 | +33.8% |
| Recurring financial charges | 65 | €479 | €641 | +€162 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €92,461 | -€6,790 | -€99,251 | |
| Income taxes | 67/77 | €31,978 | €10 | -€31,968 | -100.0% |
| Profit (loss) for the period | 9904 | €60,483 | -€6,800 | -€67,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,483 | -€6,800 | -€67,283 |
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 20 October 2026 via checked.be.