FELIX Gérard: 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 Gérard
Largest movements
- Tangible fixed assets -€8,250
down €8,250 (-9.8%), from €83,866 to €75,616
of which Furniture and vehicles: -€5,447
- Receivables within one year -€5,686
down €5,686 (-73.6%), from €7,722 to €2,036
of which Other amounts receivable: -€5,599
- Cash -€5,321
down €5,321 (-33.7%), from €15,812 to €10,491
mainly Net result for the year (-€13,210) and Investment in fixed assets (net) (-€5,357)
- Profit (loss) carried forward -€13,210
down €13,210, from €6,619 to -€6,591
- Debts after one year -€4,566
down €4,566 (-12.3%), from €37,165 to €32,599
- Trade debts -€1,791
down €1,791 (-33.5%), from €5,338 to €3,547
- Other debts +€1,358
new in 2025: €1,358
- Gross operating margin -€27,134
down €27,134 (-80.8%), from €33,569 to €6,435
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 | €108,791 | €90,884 | -€17,908 | -16.5% |
| Fixed assets | 21/28 | €83,866 | €75,616 | -€8,250 | -9.8% |
| Tangible fixed assets | 22/27 | €83,866 | €75,616 | -€8,250 | -9.8% |
| Land and buildings | 22 | €48,690 | €44,526 | -€4,164 | -8.6% |
| Plant, machinery and equipment | 23 | €16,231 | €17,593 | +€1,362 | +8.4% |
| Furniture and vehicles | 24 | €18,944 | €13,497 | -€5,447 | -28.8% |
| Current assets | 29/58 | €24,925 | €15,268 | -€9,658 | -38.7% |
| Stocks and contracts in progress | 3 | €1,111 | €2,151 | +€1,040 | +93.6% |
| Stocks | 30/36 | €1,111 | €2,151 | +€1,040 | +93.6% |
| Amounts receivable within one year | 40/41 | €7,722 | €2,036 | -€5,686 | -73.6% |
| Trade receivables | 40 | €1,452 | €1,365 | -€87 | -6.0% |
| Other amounts receivable | 41 | €6,270 | €671 | -€5,599 | -89.3% |
| Cash at bank and in hand | 54/58 | €15,812 | €10,491 | -€5,321 | -33.7% |
| Deferred charges and accrued income | 490/1 | €280 | €589 | +€309 | +110% |
| Total equity and liabilities | 10/49 | €108,791 | €90,884 | -€17,908 | -16.5% |
| Equity | 10/15 | €61,619 | €48,409 | -€13,210 | -21.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,619 | -€6,591 | -€13,210 | |
| Amounts payable | 17/49 | €47,172 | €42,474 | -€4,698 | -10.0% |
| Amounts payable after more than one year | 17 | €37,165 | €32,599 | -€4,566 | -12.3% |
| Financial debts | 170/4 | €37,165 | €32,599 | -€4,566 | -12.3% |
| Amounts payable within one year | 42/48 | €9,995 | €9,866 | -€129 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €4,310 | €4,566 | +€256 | +6.0% |
| Trade debts | 44 | €5,338 | €3,547 | -€1,791 | -33.5% |
| Suppliers | 440/4 | €5,338 | €3,547 | -€1,791 | -33.5% |
| Taxes, remuneration and social security | 45 | €347 | €395 | +€47 | +13.7% |
| Taxes | 450/3 | €347 | €395 | +€47 | +13.7% |
| Other amounts payable | 47/48 | - | €1,358 | +€1,358 | |
| Accrued charges and deferred income | 492/3 | €12 | €9 | -€3 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,497 | €13,607 | +€110 | +0.8% |
| Other operating charges | 640/8 | €2,624 | €2,464 | -€160 | -6.1% |
| Gross operating margin | 9900 | €33,569 | €6,435 | -€27,134 | -80.8% |
| Operating profit (loss) | 9901 | €17,448 | -€9,636 | -€27,084 | |
| Financial income | 75/76B | €182 | €1 | -€181 | -99.7% |
| Recurring financial income | 75 | €182 | €1 | -€181 | -99.7% |
| Financial charges | 65/66B | €3,201 | €3,381 | +€180 | +5.6% |
| Recurring financial charges | 65 | €3,201 | €3,381 | +€180 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €14,429 | -€13,016 | -€27,445 | |
| Income taxes | 67/77 | €201 | €194 | -€7 | -3.7% |
| Profit (loss) for the period | 9904 | €14,228 | -€13,210 | -€27,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,228 | -€13,210 | -€27,438 |
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 22 October 2026 via checked.be.