FELKAT: 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.
FELKAT
Largest movements
- Tangible fixed assets -€27,359
down €27,359 (-10.5%), from €259,793 to €232,434
of which Land and buildings: -€22,414
- Cash -€3,944
down €3,944 (-84.1%), from €4,693 to €748
mainly Net result for the year (-€34,749) and Current portion of long-term debt (-€4,182)
- Profit (loss) carried forward -€34,749
down €34,749 (-16.9%), from -€205,147 to -€239,896
- Other debts +€9,036
up €9,036 (+3.6%), from €253,497 to €262,533
- Current portion of long-term debt -€4,182
no longer reported in 2025 (was €4,182)
- Gross operating margin +€7,118
up €7,118 (+67.6%), from -€10,534 to -€3,416
- Financial charges -€817
down €817 (-91.2%), from €896 to €79
- Other operating charges +€615
up €615 (+18.8%), from €3,280 to €3,895
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 | €267,449 | €237,526 | -€29,923 | -11.2% |
| Fixed assets | 21/28 | €260,443 | €233,084 | -€27,359 | -10.5% |
| Tangible fixed assets | 22/27 | €259,793 | €232,434 | -€27,359 | -10.5% |
| Land and buildings | 22 | €246,133 | €223,718 | -€22,414 | -9.1% |
| Furniture and vehicles | 24 | €13,660 | €8,715 | -€4,945 | -36.2% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €7,006 | €4,442 | -€2,564 | -36.6% |
| Amounts receivable within one year | 40/41 | €2,210 | €3,624 | +€1,415 | +64.0% |
| Trade receivables | 40 | - | €1,284 | +€1,284 | |
| Other amounts receivable | 41 | €2,210 | €2,340 | +€130 | +5.9% |
| Cash at bank and in hand | 54/58 | €4,693 | €748 | -€3,944 | -84.1% |
| Deferred charges and accrued income | 490/1 | €104 | €70 | -€34 | -33.0% |
| Total equity and liabilities | 10/49 | €267,449 | €237,526 | -€29,923 | -11.2% |
| Equity | 10/15 | -€197,087 | -€231,836 | -€34,749 | -17.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,147 | -€239,896 | -€34,749 | -16.9% |
| Amounts payable | 17/49 | €464,536 | €469,361 | +€4,826 | +1.0% |
| Amounts payable after more than one year | 17 | €206,768 | €206,768 | = | 0.0% |
| Financial debts | 170/4 | €206,768 | €206,768 | = | 0.0% |
| Amounts payable within one year | 42/48 | €257,767 | €262,593 | +€4,826 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €4,182 | - | -€4,182 | |
| Trade debts | 44 | €88 | €60 | -€29 | -32.3% |
| Suppliers | 440/4 | €88 | €60 | -€29 | -32.3% |
| Other amounts payable | 47/48 | €253,497 | €262,533 | +€9,036 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,359 | €27,359 | = | 0.0% |
| Other operating charges | 640/8 | €3,280 | €3,895 | +€615 | +18.8% |
| Gross operating margin | 9900 | -€10,534 | -€3,416 | +€7,118 | +67.6% |
| Operating profit (loss) | 9901 | -€41,173 | -€34,671 | +€6,503 | +15.8% |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.9% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.9% |
| Financial charges | 65/66B | €896 | €79 | -€817 | -91.2% |
| Recurring financial charges | 65 | €896 | €79 | -€817 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,061 | -€34,749 | +€7,312 | +17.4% |
| Profit (loss) for the period | 9904 | -€42,061 | -€34,749 | +€7,312 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,061 | -€34,749 | +€7,312 | +17.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.