FELINEA: 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.
FELINEA
Largest movements
- Financial fixed assets +€220,110
up €220,110 (+2201.1%), from €10,000 to €230,110
- Cash -€99,314
down €99,314 (-90.4%), from €109,917 to €10,603
mainly Investment in fixed assets (net) (-€220,110) and Trade debts (-€163)
- Receivables within one year -€13,336
down €13,336 (-31.8%), from €41,934 to €28,598
of which Other amounts receivable: -€15,494
- Other debts +€58,678
new in 2025: €58,678
- Profit (loss) carried forward +€33,731
up €33,731 (+38.4%), from €87,876 to €121,607
- Tax, wage and social debts +€8,589
up €8,589 (+101.3%), from €8,482 to €17,071
of which Taxes: +€8,863
- Gross operating margin +€38,727
up €38,727 (+456.4%), from €8,486 to €47,213
- Taxes +€10,958
up €10,958 (+512.4%), from €2,139 to €13,097
- Depreciation -€2,350
no longer reported in 2025 (was €2,350)
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 | €184,046 | €284,881 | +€100,835 | +54.8% |
| Fixed assets | 21/28 | €10,000 | €230,110 | +€220,110 | +2201.1% |
| Financial fixed assets | 28 | €10,000 | €230,110 | +€220,110 | +2201.1% |
| Current assets | 29/58 | €174,046 | €54,771 | -€119,275 | -68.5% |
| Amounts receivable after more than one year | 29 | €3,400 | €600 | -€2,800 | -82.4% |
| Other amounts receivable | 291 | €3,400 | €600 | -€2,800 | -82.4% |
| Amounts receivable within one year | 40/41 | €41,934 | €28,598 | -€13,336 | -31.8% |
| Trade receivables | 40 | €10,059 | €12,217 | +€2,158 | +21.4% |
| Other amounts receivable | 41 | €31,875 | €16,381 | -€15,494 | -48.6% |
| Current investments | 50/53 | €14,050 | €11,249 | -€2,801 | -19.9% |
| Cash at bank and in hand | 54/58 | €109,917 | €10,603 | -€99,314 | -90.4% |
| Deferred charges and accrued income | 490/1 | €4,745 | €3,721 | -€1,024 | -21.6% |
| Total equity and liabilities | 10/49 | €184,046 | €284,881 | +€100,835 | +54.8% |
| Equity | 10/15 | €174,076 | €207,807 | +€33,731 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,876 | €121,607 | +€33,731 | +38.4% |
| Amounts payable | 17/49 | €9,971 | €77,074 | +€67,103 | +673.0% |
| Amounts payable within one year | 42/48 | €9,971 | €77,074 | +€67,103 | +673.0% |
| Trade debts | 44 | €1,489 | €1,326 | -€163 | -10.9% |
| Suppliers | 440/4 | €1,489 | €1,326 | -€163 | -10.9% |
| Taxes, remuneration and social security | 45 | €8,482 | €17,071 | +€8,589 | +101.3% |
| Taxes | 450/3 | €5,132 | €13,995 | +€8,863 | +172.7% |
| Remuneration and social security | 454/9 | €3,350 | €3,076 | -€274 | -8.2% |
| Other amounts payable | 47/48 | - | €58,678 | +€58,678 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,350 | - | -€2,350 | |
| Other operating charges | 640/8 | €677 | €873 | +€196 | +29.0% |
| Gross operating margin | 9900 | €8,486 | €47,213 | +€38,727 | +456.4% |
| Operating profit (loss) | 9901 | €5,460 | €46,341 | +€40,881 | +748.8% |
| Financial income | 75/76B | €1,019 | €633 | -€386 | -37.9% |
| Recurring financial income | 75 | €1,019 | €633 | -€386 | -37.9% |
| Financial charges | 65/66B | €135 | €145 | +€10 | +7.7% |
| Recurring financial charges | 65 | €135 | €145 | +€10 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €6,343 | €46,828 | +€40,485 | +638.2% |
| Income taxes | 67/77 | €2,139 | €13,097 | +€10,958 | +512.4% |
| Profit (loss) for the period | 9904 | €4,205 | €33,731 | +€29,527 | +702.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,205 | €33,731 | +€29,527 | +702.3% |
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 30 September 2026 via checked.be.