FELIO: 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.
What changed
FELIO
NACE 73.300, Public relations and communication consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€12,469
2024 · -€23,688+€11,219
Equity
€3.6m
2024 · -€131,805+€3.8m
Cash
€965
2024 · €2,086-€1,121
Balance sheet total
€3.9m
2024 · €72,041+€3.8m
Largest movements
Assets
- Financial fixed assets +€3.8m
new in 2025: €3.8m
Equity and liabilities
- Contributions +€3.8m
up €3.8m (+20275.1%), from €18,600 to €3.8m
- Other debts +€56,473
up €56,473 (+27.8%), from €203,498 to €259,971
Income statement
- Gross operating margin +€10,827
up €10,827 (+49.3%), from -€21,948 to -€11,121
- Taxes -€330
down €330 (-100.0%), from €330 to €0
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.
Result 2024
-€23,688
Gross operating margin
+€10,827
Other operating charges
-€127
Financial charges
+€189
Taxes
+€330
Result 2025
-€12,469
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.
From operations
+€56,866
Investment
-€3.8m
Financing
+€3.8m
Cash 2024
€2,086
From operations (derived)
+€56,866
Net result for the year
-€12,469
Receivables within one year
+€12,332
Smaller working-capital items
+€531
Other debts
+€56,473
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€3.8m
Short-term financial debts
+€3
Contributions, distributions and other
+€3.8m
Cash 2025
€965
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,041 | €3,887,777 | +€3.8m | +5296.6% |
| Fixed assets | 21/28 | €0 | €3,829,164 | +€3.8m | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €3,829,164 | +€3.8m | |
| Current assets | 29/58 | €72,041 | €58,613 | -€13,428 | -18.6% |
| Amounts receivable within one year | 40/41 | €69,499 | €57,167 | -€12,332 | -17.7% |
| Trade receivables | 40 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 41 | €59,499 | €57,167 | -€2,332 | -3.9% |
| Cash at bank and in hand | 54/58 | €2,086 | €965 | -€1,121 | -53.7% |
| Deferred charges and accrued income | 490/1 | €455 | €480 | +€25 | +5.5% |
| Total equity and liabilities | 10/49 | €72,041 | €3,887,777 | +€3.8m | +5296.6% |
| Equity | 10/15 | -€131,805 | €3,626,900 | +€3.8m | |
| Contributions | 10/11 | €18,600 | €3,789,774 | +€3.8m | +20275.1% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Other | 1319 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€152,265 | -€164,734 | -€12,469 | -8.2% |
| Amounts payable | 17/49 | €203,846 | €260,878 | +€57,032 | +28.0% |
| Amounts payable within one year | 42/48 | €203,846 | €260,878 | +€57,032 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €18 | €21 | +€3 | +16.7% |
| Credit institutions | 430/8 | €18 | €21 | +€3 | +16.7% |
| Trade debts | 44 | €0 | €556 | +€556 | |
| Suppliers | 440/4 | €0 | €556 | +€556 | |
| Taxes, remuneration and social security | 45 | €330 | €330 | = | 0.0% |
| Taxes | 450/3 | €330 | €330 | = | 0.0% |
| Other amounts payable | 47/48 | €203,498 | €259,971 | +€56,473 | +27.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €931 | €1,059 | +€127 | +13.7% |
| Gross operating margin | 9900 | -€21,948 | -€11,121 | +€10,827 | +49.3% |
| Operating profit (loss) | 9901 | -€22,879 | -€12,180 | +€10,700 | +46.8% |
| Financial charges | 65/66B | €479 | €290 | -€189 | -39.5% |
| Recurring financial charges | 65 | €479 | €290 | -€189 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,358 | -€12,469 | +€10,889 | +46.6% |
| Income taxes | 67/77 | €330 | €0 | -€330 | -100.0% |
| Profit (loss) for the period | 9904 | -€23,688 | -€12,469 | +€11,219 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,688 | -€12,469 | +€11,219 | +47.4% |
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 3 October 2026 via checked.be.