Felix Ventures: 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 Ventures
Largest movements
- Cash -€5,718
down €5,718 (-70.2%), from €8,145 to €2,427
- Stocks and contracts -€140
down €140 (-4.6%), from €3,060 to €2,920
of which Stocks: -€1,350
- Other debts -€36,707
no longer reported in 2025 (was €36,707)
- Debts after one year +€31,766
new in 2025: €31,766
- Profit (loss) carried forward -€917
down €917 (-2.0%), from -€45,708 to -€46,625
- Turnover -€3,125
down €3,125 (-50.6%), from €6,172 to €3,047
- Purchases and services -€2,549
down €2,549 (-44.6%), from €5,715 to €3,166
- Gross operating margin -€575
down €575, from €457 to -€118
- Other operating charges -€248
no longer reported in 2025 (was €248)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,205 | €5,347 | -€5,858 | -52.3% |
| Current assets | 29/58 | €11,205 | €5,347 | -€5,858 | -52.3% |
| Stocks and contracts in progress | 3 | €3,060 | €2,920 | -€140 | -4.6% |
| Stocks | 30/36 | €3,060 | €1,710 | -€1,350 | -44.1% |
| Contracts in progress | 37 | - | €1,210 | +€1,210 | |
| Cash at bank and in hand | 54/58 | €8,145 | €2,427 | -€5,718 | -70.2% |
| Total equity and liabilities | 10/49 | €11,205 | €5,347 | -€5,858 | -52.3% |
| Equity | 10/15 | -€25,502 | -€26,419 | -€917 | -3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €206 | €206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €206 | €206 | = | 0.0% |
| Legal reserve | 130 | €206 | €206 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,708 | -€46,625 | -€917 | -2.0% |
| Amounts payable | 17/49 | €36,707 | €31,766 | -€4,941 | -13.5% |
| Amounts payable after more than one year | 17 | - | €31,766 | +€31,766 | |
| Other amounts payable | 178/9 | - | €31,766 | +€31,766 | |
| Amounts payable within one year | 42/48 | €36,707 | - | -€36,707 | |
| Other amounts payable | 47/48 | €36,707 | - | -€36,707 | |
| Turnover | 70 | €6,172 | €3,047 | -€3,125 | -50.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,715 | €3,166 | -€2,549 | -44.6% |
| Remuneration, social security and pensions | 62 | €384 | €400 | +€16 | +4.2% |
| Other operating charges | 640/8 | €248 | - | -€248 | |
| Gross operating margin | 9900 | €457 | -€118 | -€575 | |
| Operating profit (loss) | 9901 | -€175 | -€518 | -€343 | -196.0% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€220 | -€563 | -€343 | -155.9% |
| Profit (loss) for the period | 9904 | -€220 | -€563 | -€343 | -155.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€220 | -€563 | -€343 | -155.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.