FELKCO: 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.
FELKCO
Largest movements
- Cash +€750
up €750 (+13.7%), from €5,493 to €6,243
mainly Net result for the year (+€1,772)
- Receivables within one year +€656
up €656 (+11.6%), from €5,641 to €6,297
of which Trade receivables: +€2,957
- Profit (loss) carried forward +€1,772
up €1,772 (+6.9%), from -€25,839 to -€24,068
- Tax, wage and social debts -€255
no longer reported in 2025 (was €255)
- Gross operating margin +€17,402
up €17,402, from -€14,977 to €2,425
- Taxes -€759
down €759 (-79.0%), from €960 to €201
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 | €11,134 | €12,583 | +€1,449 | +13.0% |
| Current assets | 29/58 | €11,134 | €12,583 | +€1,449 | +13.0% |
| Amounts receivable within one year | 40/41 | €5,641 | €6,297 | +€656 | +11.6% |
| Trade receivables | 40 | - | €2,957 | +€2,957 | |
| Other amounts receivable | 41 | €5,641 | €3,340 | -€2,301 | -40.8% |
| Cash at bank and in hand | 54/58 | €5,493 | €6,243 | +€750 | +13.7% |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €11,134 | €12,583 | +€1,449 | +13.0% |
| Equity | 10/15 | €10,721 | €12,492 | +€1,772 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,360 | €30,360 | = | 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% |
| Distributable reserves | 133 | €28,500 | €28,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,839 | -€24,068 | +€1,772 | +6.9% |
| Amounts payable | 17/49 | €413 | €90 | -€322 | -78.1% |
| Amounts payable within one year | 42/48 | €413 | €90 | -€322 | -78.1% |
| Trade debts | 44 | €158 | €90 | -€67 | -42.7% |
| Suppliers | 440/4 | €158 | €90 | -€67 | -42.7% |
| Taxes, remuneration and social security | 45 | €255 | - | -€255 | |
| Taxes | 450/3 | €255 | - | -€255 | |
| Other operating charges | 640/8 | €568 | €520 | -€49 | -8.6% |
| Gross operating margin | 9900 | -€14,977 | €2,425 | +€17,402 | |
| Operating profit (loss) | 9901 | -€15,545 | €1,905 | +€17,450 | |
| Financial income | 75/76B | €121 | €127 | +€6 | +5.4% |
| Recurring financial income | 75 | €121 | €127 | +€6 | +5.4% |
| Financial charges | 65/66B | €108 | €60 | -€48 | -44.6% |
| Recurring financial charges | 65 | €108 | €60 | -€48 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,533 | €1,973 | +€17,505 | |
| Income taxes | 67/77 | €960 | €201 | -€759 | -79.0% |
| Profit (loss) for the period | 9904 | -€16,492 | €1,772 | +€18,264 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,492 | €1,772 | +€18,264 |
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 11 October 2026 via checked.be.