FELIZ: 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.
FELIZ
Largest movements
- Cash -€16,550
down €16,550 (-35.3%), from €46,950 to €30,400
mainly Other debts (-€20,487) and Investment in fixed assets (net) (-€9,748)
- Receivables within one year +€4,616
up €4,616 (+524.2%), from €881 to €5,497
- Tangible fixed assets +€1,587
up €1,587 (+10.7%), from €14,841 to €16,427
- Other debts -€20,487
down €20,487 (-24.1%), from €85,145 to €64,658
- Profit (loss) carried forward +€9,970
up €9,970 (+24.1%), from -€41,418 to -€31,448
- Gross operating margin -€24,954
down €24,954 (-51.7%), from €48,293 to €23,339
- Taxes -€3,024
down €3,024 (-42.5%), from €7,120 to €4,096
- Depreciation +€1,531
up €1,531 (+23.1%), from €6,631 to €8,162
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 | €63,953 | €53,263 | -€10,690 | -16.7% |
| Fixed assets | 21/28 | €14,841 | €16,427 | +€1,587 | +10.7% |
| Tangible fixed assets | 22/27 | €14,841 | €16,427 | +€1,587 | +10.7% |
| Furniture and vehicles | 24 | €14,841 | €16,427 | +€1,587 | +10.7% |
| Current assets | 29/58 | €49,112 | €36,836 | -€12,276 | -25.0% |
| Amounts receivable within one year | 40/41 | €881 | €5,497 | +€4,616 | +524.2% |
| Other amounts receivable | 41 | €881 | €5,497 | +€4,616 | +524.2% |
| Cash at bank and in hand | 54/58 | €46,950 | €30,400 | -€16,550 | -35.3% |
| Deferred charges and accrued income | 490/1 | €1,282 | €939 | -€343 | -26.7% |
| Total equity and liabilities | 10/49 | €63,953 | €53,263 | -€10,690 | -16.7% |
| Equity | 10/15 | -€22,818 | -€12,848 | +€9,970 | +43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,418 | -€31,448 | +€9,970 | +24.1% |
| Amounts payable | 17/49 | €86,771 | €66,111 | -€20,660 | -23.8% |
| Amounts payable within one year | 42/48 | €86,771 | €66,111 | -€20,660 | -23.8% |
| Trade debts | 44 | €721 | €1,007 | +€286 | +39.6% |
| Suppliers | 440/4 | €721 | €1,007 | +€286 | +39.6% |
| Taxes, remuneration and social security | 45 | €905 | €447 | -€458 | -50.6% |
| Taxes | 450/3 | €905 | €447 | -€458 | -50.6% |
| Other amounts payable | 47/48 | €85,145 | €64,658 | -€20,487 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,631 | €8,162 | +€1,531 | +23.1% |
| Other operating charges | 640/8 | €980 | €1,013 | +€33 | +3.4% |
| Gross operating margin | 9900 | €48,293 | €23,339 | -€24,954 | -51.7% |
| Operating profit (loss) | 9901 | €40,682 | €14,164 | -€26,518 | -65.2% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €112 | €99 | -€14 | -12.2% |
| Recurring financial charges | 65 | €112 | €99 | -€14 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €40,572 | €14,065 | -€26,507 | -65.3% |
| Income taxes | 67/77 | €7,120 | €4,096 | -€3,024 | -42.5% |
| Profit (loss) for the period | 9904 | €33,452 | €9,970 | -€23,483 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,452 | €9,970 | -€23,483 | -70.2% |
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 12 October 2026 via checked.be.