Felino: 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.
Felino
Largest movements
- Cash -€335,681
down €335,681 (-48.3%), from €694,852 to €359,171
mainly Other debts (-€213,254) and Tax, wage and social debts (-€61,928)
- Tangible fixed assets -€19,155
down €19,155 (-27.2%), from €70,522 to €51,367
of which Furniture and vehicles: -€19,155
- Receivables within one year -€15,914
down €15,914 (-46.4%), from €34,302 to €18,389
of which Other amounts receivable: -€8,965
- Other debts -€213,254
down €213,254 (-64.0%), from €333,432 to €120,178
- Tax, wage and social debts -€61,928
down €61,928 (-92.0%), from €67,321 to €5,392
- Profit (loss) carried forward -€41,764
down €41,764, from €0 to -€41,764
- Debts after one year -€39,599
down €39,599 (-16.5%), from €239,599 to €200,000
- Current portion of long-term debt -€14,638
down €14,638 (-100%), from €14,638 to €0
- Financial income -€270,002
down €270,002 (-100%), from €270,002 to €0
- Gross operating margin -€167,825
down €167,825, from €159,764 to -€8,061
- Taxes -€25,748
down €25,748 (-98.9%), from €26,035 to €286
- Financial charges -€7,891
down €7,891 (-41.3%), from €19,089 to €11,197
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €801,584 | €430,945 | -€370,639 | -46.2% |
| Fixed assets | 21/28 | €70,522 | €51,367 | -€19,155 | -27.2% |
| Tangible fixed assets | 22/27 | €70,522 | €51,367 | -€19,155 | -27.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €70,522 | €51,367 | -€19,155 | -27.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €731,062 | €379,579 | -€351,484 | -48.1% |
| Amounts receivable within one year | 40/41 | €34,302 | €18,389 | -€15,914 | -46.4% |
| Trade receivables | 40 | €25,337 | €18,389 | -€6,949 | -27.4% |
| Other amounts receivable | 41 | €8,965 | €0 | -€8,965 | -100% |
| Cash at bank and in hand | 54/58 | €694,852 | €359,171 | -€335,681 | -48.3% |
| Deferred charges and accrued income | 490/1 | €1,908 | €2,019 | +€111 | +5.8% |
| Total equity and liabilities | 10/49 | €801,584 | €430,945 | -€370,639 | -46.2% |
| Equity | 10/15 | €140,740 | €98,976 | -€41,764 | -29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,140 | €122,140 | = | 0.0% |
| Distributable reserves | 133 | €122,140 | €122,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€41,764 | -€41,764 | |
| Amounts payable | 17/49 | €660,844 | €331,969 | -€328,874 | -49.8% |
| Amounts payable after more than one year | 17 | €239,599 | €200,000 | -€39,599 | -16.5% |
| Financial debts | 170/4 | €239,599 | €200,000 | -€39,599 | -16.5% |
| Amounts payable within one year | 42/48 | €416,136 | €126,019 | -€290,116 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €14,638 | €0 | -€14,638 | -100% |
| Trade debts | 44 | €745 | €449 | -€296 | -39.8% |
| Suppliers | 440/4 | €745 | €449 | -€296 | -39.8% |
| Taxes, remuneration and social security | 45 | €67,321 | €5,392 | -€61,928 | -92.0% |
| Taxes | 450/3 | €67,321 | €5,392 | -€61,928 | -92.0% |
| Other amounts payable | 47/48 | €333,432 | €120,178 | -€213,254 | -64.0% |
| Accrued charges and deferred income | 492/3 | €5,109 | €5,950 | +€841 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,109 | €21,233 | +€123 | +0.6% |
| Other operating charges | 640/8 | €1,145 | €986 | -€159 | -13.9% |
| Gross operating margin | 9900 | €159,764 | -€8,061 | -€167,825 | |
| Operating profit (loss) | 9901 | €137,510 | -€30,280 | -€167,790 | |
| Financial income | 75/76B | €270,002 | €0 | -€270,002 | -100% |
| Recurring financial income | 75 | €270,002 | €0 | -€270,002 | -100% |
| Financial charges | 65/66B | €19,089 | €11,197 | -€7,891 | -41.3% |
| Recurring financial charges | 65 | €19,089 | €11,197 | -€7,891 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €388,422 | -€41,478 | -€429,900 | |
| Income taxes | 67/77 | €26,035 | €286 | -€25,748 | -98.9% |
| Profit (loss) for the period | 9904 | €362,388 | -€41,764 | -€404,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €362,388 | -€41,764 | -€404,152 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.