FELIX: 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.
FELIX
Largest movements
- Cash +€68,009
up €68,009 (+711.6%), from €9,557 to €77,566
mainly Net result for the year (+€48,469) and Current portion of long-term debt (+€10,909)
- Tangible fixed assets +€3,955
new in 2025: €3,955
- Reserves +€48,469
up €48,469 (+295.0%), from €16,432 to €64,901
- Current portion of long-term debt +€10,909
new in 2025: €10,909
- Tax, wage and social debts +€8,419
new in 2025: €8,419
- Other debts +€2,417
up €2,417 (+195.1%), from €1,239 to €3,655
- Trade debts +€1,950
up €1,950 (+314.7%), from €620 to €2,570
- Gross operating margin +€49,138
up €49,138 (+201.6%), from €24,372 to €73,509
- Taxes +€15,530
up €15,530 (+196.8%), from €7,890 to €23,419
- Other operating charges +€807
new in 2025: €807
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 | €21,667 | €94,021 | +€72,354 | +333.9% |
| Fixed assets | 21/28 | - | €3,955 | +€3,955 | |
| Tangible fixed assets | 22/27 | - | €3,955 | +€3,955 | |
| Furniture and vehicles | 24 | - | €3,955 | +€3,955 | |
| Current assets | 29/58 | €21,667 | €90,066 | +€68,399 | +315.7% |
| Amounts receivable within one year | 40/41 | €12,110 | €12,500 | +€390 | +3.2% |
| Trade receivables | 40 | €5,000 | €12,500 | +€7,500 | +150.0% |
| Other amounts receivable | 41 | €7,110 | €0 | -€7,110 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,557 | €77,566 | +€68,009 | +711.6% |
| Total equity and liabilities | 10/49 | €21,667 | €94,021 | +€72,354 | +333.9% |
| Equity | 10/15 | €19,432 | €67,901 | +€48,469 | +249.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,432 | €64,901 | +€48,469 | +295.0% |
| Distributable reserves | 133 | €16,432 | €64,901 | +€48,469 | +295.0% |
| Amounts payable | 17/49 | €2,235 | €26,120 | +€23,885 | +1068.8% |
| Amounts payable within one year | 42/48 | €1,858 | €26,120 | +€24,262 | +1305.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,909 | +€10,909 | |
| Financial debts | 43 | - | €566 | +€566 | |
| Credit institutions | 430/8 | - | €566 | +€566 | |
| Trade debts | 44 | €620 | €2,570 | +€1,950 | +314.7% |
| Suppliers | 440/4 | €620 | €2,570 | +€1,950 | +314.7% |
| Taxes, remuneration and social security | 45 | - | €8,419 | +€8,419 | |
| Taxes | 450/3 | - | €8,419 | +€8,419 | |
| Other amounts payable | 47/48 | €1,239 | €3,655 | +€2,417 | +195.1% |
| Accrued charges and deferred income | 492/3 | €377 | - | -€377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €261 | +€261 | |
| Other operating charges | 640/8 | - | €807 | +€807 | |
| Gross operating margin | 9900 | €24,372 | €73,509 | +€49,138 | +201.6% |
| Operating profit (loss) | 9901 | €24,372 | €72,442 | +€48,070 | +197.2% |
| Financial charges | 65/66B | €50 | €553 | +€503 | +1009.2% |
| Recurring financial charges | 65 | €50 | €553 | +€503 | +1009.2% |
| Profit (loss) for the period before taxes | 9903 | €24,322 | €71,888 | +€47,567 | +195.6% |
| Income taxes | 67/77 | €7,890 | €23,419 | +€15,530 | +196.8% |
| Profit (loss) for the period | 9904 | €16,432 | €48,469 | +€32,037 | +195.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,432 | €48,469 | +€32,037 | +195.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.