FELIX CONSULTING: 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.
FELIX CONSULTING
Largest movements
- Current investments -€78,903
down €78,903 (-10.8%), from €729,114 to €650,211
- Cash -€34,107
down €34,107 (-20.5%), from €166,151 to €132,044
mainly Contributions, distributions and other (-€231,069) and Investment in fixed assets (net) (-€1,502)
- Contributions -€228,400
no longer reported in 2025 (was €228,400)
- Reserves +€90,327
up €90,327 (+10.4%), from €871,510 to €961,836
of which Distributable reserves: +€199,677
- Tax, wage and social debts +€17,145
up €17,145 (+400%), from €4,284 to €21,430
- Financial income +€20,658
up €20,658 (+951%), from €2,173 to €22,830
- Taxes +€16,857
up €16,857 (+52.6%), from €32,026 to €48,883
- Gross operating margin +€4,198
up €4,198 (+3.2%), from €130,013 to €134,212
- Financial charges +€3,629
up €3,629 (+570%), from €637 to €4,266
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.
Derived cash bridge
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 | €1,119,529 | €997,605 | -€121,923 | -10.9% |
| Fixed assets | 21/28 | €174,323 | €167,647 | -€6,676 | -3.8% |
| Tangible fixed assets | 22/27 | €174,323 | €167,647 | -€6,676 | -3.8% |
| Land and buildings | 22 | €170,521 | €162,557 | -€7,964 | -4.7% |
| Furniture and vehicles | 24 | €138 | - | -€138 | |
| Other tangible fixed assets | 26 | €3,665 | €5,091 | +€1,426 | +38.9% |
| Current assets | 29/58 | €945,206 | €829,958 | -€115,248 | -12.2% |
| Amounts receivable within one year | 40/41 | €42,028 | €39,664 | -€2,364 | -5.6% |
| Trade receivables | 40 | €39,622 | €39,664 | +€42 | +0.1% |
| Other amounts receivable | 41 | €2,406 | - | -€2,406 | |
| Current investments | 50/53 | €729,114 | €650,211 | -€78,903 | -10.8% |
| Cash at bank and in hand | 54/58 | €166,151 | €132,044 | -€34,107 | -20.5% |
| Deferred charges and accrued income | 490/1 | €7,912 | €8,038 | +€126 | +1.6% |
| Total equity and liabilities | 10/49 | €1,119,529 | €997,605 | -€121,923 | -10.9% |
| Equity | 10/15 | €1,099,910 | €961,836 | -€138,073 | -12.6% |
| Contributions | 10/11 | €228,400 | - | -€228,400 | |
| Reserves | 13 | €871,510 | €961,836 | +€90,327 | +10.4% |
| Non-distributable reserves | 130/1 | €6,111 | €6,111 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,111 | €6,111 | = | 0.0% |
| Tax-exempt reserves | 132 | €220,915 | €111,565 | -€109,350 | -49.5% |
| Distributable reserves | 133 | €644,484 | €844,160 | +€199,677 | +31.0% |
| Amounts payable | 17/49 | €19,619 | €35,769 | +€16,150 | +82.3% |
| Amounts payable within one year | 42/48 | €19,619 | €35,669 | +€16,050 | +81.8% |
| Trade debts | 44 | €1,267 | €177 | -€1,089 | -86.0% |
| Suppliers | 440/4 | €1,267 | €177 | -€1,089 | -86.0% |
| Taxes, remuneration and social security | 45 | €4,284 | €21,430 | +€17,145 | +400% |
| Taxes | 450/3 | €4,284 | €21,430 | +€17,145 | +400% |
| Other amounts payable | 47/48 | €14,068 | €14,062 | -€6 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Non-recurring operating income | 76A | €693 | - | -€693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,276 | €8,178 | -€98 | -1.2% |
| Other operating charges | 640/8 | €2,165 | €2,719 | +€554 | +25.6% |
| Gross operating margin | 9900 | €130,013 | €134,212 | +€4,198 | +3.2% |
| Operating profit (loss) | 9901 | €119,572 | €123,315 | +€3,742 | +3.1% |
| Financial income | 75/76B | €2,173 | €22,830 | +€20,658 | +951% |
| Recurring financial income | 75 | €2,173 | €22,830 | +€20,658 | +951% |
| Financial charges | 65/66B | €637 | €4,266 | +€3,629 | +570% |
| Recurring financial charges | 65 | €637 | €4,266 | +€3,629 | +570% |
| Profit (loss) for the period before taxes | 9903 | €121,108 | €141,879 | +€20,771 | +17.2% |
| Income taxes | 67/77 | €32,026 | €48,883 | +€16,857 | +52.6% |
| Profit (loss) for the period | 9904 | €89,082 | €92,996 | +€3,914 | +4.4% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €147,240 | +€111,640 | +314% |
| Transfer to tax-exempt reserves | 689 | €37,890 | €37,890 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,792 | €202,346 | +€115,554 | +133% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.