FELIST CONSTRUCT: 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.
FELIST CONSTRUCT
Largest movements
- Tangible fixed assets -€34,996
down €34,996 (-3.1%), from €1.1m to €1.1m
- Debts after one year -€49,660
down €49,660 (-32.3%), from €153,740 to €104,079
- Other debts +€20,739
up €20,739 (+2.4%), from €878,308 to €899,047
- Other operating charges -€7,158
down €7,158 (-48.0%), from €14,925 to €7,767
- Gross operating margin -€4,581
down €4,581 (-9.3%), from €49,452 to €44,871
- Financial charges -€773
down €773 (-33.5%), from €2,309 to €1,537
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 | €1,302,470 | €1,271,332 | -€31,138 | -2.4% |
| Formation expenses | 20 | €950 | €950 | = | 0.0% |
| Fixed assets | 21/28 | €1,289,633 | €1,254,637 | -€34,996 | -2.7% |
| Tangible fixed assets | 22/27 | €1,119,633 | €1,084,637 | -€34,996 | -3.1% |
| Land and buildings | 22 | €1,119,633 | €1,084,637 | -€34,996 | -3.1% |
| Financial fixed assets | 28 | €170,000 | €170,000 | = | 0.0% |
| Current assets | 29/58 | €11,887 | €15,745 | +€3,858 | +32.5% |
| Amounts receivable within one year | 40/41 | €10,877 | €12,140 | +€1,264 | +11.6% |
| Other amounts receivable | 41 | €10,877 | €12,140 | +€1,264 | +11.6% |
| Cash at bank and in hand | 54/58 | €1,010 | €3,605 | +€2,594 | +256.7% |
| Total equity and liabilities | 10/49 | €1,302,470 | €1,271,332 | -€31,138 | -2.4% |
| Equity | 10/15 | €212,870 | €213,441 | +€570 | +0.3% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,130 | -€76,559 | +€570 | +0.7% |
| Amounts payable | 17/49 | €1,089,600 | €1,057,891 | -€31,709 | -2.9% |
| Amounts payable after more than one year | 17 | €153,740 | €104,079 | -€49,660 | -32.3% |
| Financial debts | 170/4 | €153,740 | €104,079 | -€49,660 | -32.3% |
| Amounts payable within one year | 42/48 | €935,860 | €953,812 | +€17,952 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €52,000 | €52,000 | = | 0.0% |
| Trade debts | 44 | €5,552 | €2,765 | -€2,787 | -50.2% |
| Suppliers | 440/4 | €5,552 | €2,765 | -€2,787 | -50.2% |
| Other amounts payable | 47/48 | €878,308 | €899,047 | +€20,739 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,996 | €34,996 | = | 0.0% |
| Other operating charges | 640/8 | €14,925 | €7,767 | -€7,158 | -48.0% |
| Gross operating margin | 9900 | €49,452 | €44,871 | -€4,581 | -9.3% |
| Operating profit (loss) | 9901 | -€469 | €2,107 | +€2,576 | |
| Financial charges | 65/66B | €2,309 | €1,537 | -€773 | -33.5% |
| Recurring financial charges | 65 | €2,309 | €1,537 | -€773 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,779 | €570 | +€3,349 | |
| Profit (loss) for the period | 9904 | -€2,779 | €570 | +€3,349 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,779 | €570 | +€3,349 |
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 9 October 2026 via checked.be.