FELIZ: 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.
FELIZ
Largest movements
- Stocks and contracts +€2,890
up €2,890 (+20.1%), from €14,356 to €17,246
- Receivables within one year +€2,793
new in 2025: €2,793
- Tangible fixed assets +€1,409
up €1,409 (+90.4%), from €1,559 to €2,968
- Cash +€836
up €836 (+21.6%), from €3,877 to €4,713
mainly Net result for the year (+€11,546) and Other debts (+€2,433)
- Reserves +€11,546
up €11,546 (+321.8%), from €3,588 to €15,134
- Tax, wage and social debts -€5,846
down €5,846 (-80.1%), from €7,297 to €1,451
- Other debts +€2,433
up €2,433 (+1798.6%), from €135 to €2,568
- Gross operating margin +€11,142
up €11,142 (+149.5%), from €7,455 to €18,597
- Taxes +€2,979
up €2,979 (+110.1%), from €2,705 to €5,684
- Depreciation +€511
up €511 (+300.4%), from €170 to €682
- Financial income +€268
up €268 (+80.8%), from €332 to €600
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 | €20,188 | €28,310 | +€8,122 | +40.2% |
| Fixed assets | 21/28 | €1,559 | €2,968 | +€1,409 | +90.4% |
| Tangible fixed assets | 22/27 | €1,559 | €2,968 | +€1,409 | +90.4% |
| Plant, machinery and equipment | 23 | €1,559 | €2,968 | +€1,409 | +90.4% |
| Current assets | 29/58 | €18,629 | €25,342 | +€6,713 | +36.0% |
| Stocks and contracts in progress | 3 | €14,356 | €17,246 | +€2,890 | +20.1% |
| Stocks | 30/36 | €14,356 | €17,246 | +€2,890 | +20.1% |
| Amounts receivable within one year | 40/41 | - | €2,793 | +€2,793 | |
| Other amounts receivable | 41 | - | €2,793 | +€2,793 | |
| Cash at bank and in hand | 54/58 | €3,877 | €4,713 | +€836 | +21.6% |
| Deferred charges and accrued income | 490/1 | €396 | €589 | +€193 | +48.9% |
| Total equity and liabilities | 10/49 | €20,188 | €28,310 | +€8,122 | +40.2% |
| Equity | 10/15 | €5,588 | €17,134 | +€11,546 | +206.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,588 | €15,134 | +€11,546 | +321.8% |
| Distributable reserves | 133 | €3,588 | €15,134 | +€11,546 | +321.8% |
| Amounts payable | 17/49 | €14,600 | €11,176 | -€3,424 | -23.5% |
| Amounts payable within one year | 42/48 | €14,600 | €11,176 | -€3,424 | -23.5% |
| Trade debts | 44 | €7,167 | €7,157 | -€11 | -0.1% |
| Suppliers | 440/4 | €7,167 | €7,157 | -€11 | -0.1% |
| Taxes, remuneration and social security | 45 | €7,297 | €1,451 | -€5,846 | -80.1% |
| Taxes | 450/3 | €7,297 | €1,451 | -€5,846 | -80.1% |
| Other amounts payable | 47/48 | €135 | €2,568 | +€2,433 | +1798.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €682 | +€511 | +300.4% |
| Other operating charges | 640/8 | €730 | €600 | -€130 | -17.8% |
| Gross operating margin | 9900 | €7,455 | €18,597 | +€11,142 | +149.5% |
| Operating profit (loss) | 9901 | €6,554 | €17,315 | +€10,761 | +164.2% |
| Financial income | 75/76B | €332 | €600 | +€268 | +80.8% |
| Recurring financial income | 75 | €332 | €600 | +€268 | +80.8% |
| Financial charges | 65/66B | €593 | €686 | +€92 | +15.6% |
| Recurring financial charges | 65 | €593 | €686 | +€92 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €6,293 | €17,230 | +€10,937 | +173.8% |
| Income taxes | 67/77 | €2,705 | €5,684 | +€2,979 | +110.1% |
| Profit (loss) for the period | 9904 | €3,588 | €11,546 | +€7,958 | +221.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,588 | €11,546 | +€7,958 | +221.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.