FELLER CONCASSAGES: 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.
FELLER CONCASSAGES
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Cash -€215,797
down €215,797 (-36.4%), from €592,418 to €376,621
mainly Current investments (-€1.0m) and Tax, wage and social debts (-€17,766)
- Stocks and contracts -€194,889
down €194,889 (-45.1%), from €431,919 to €237,030
- Receivables within one year -€164,226
down €164,226 (-10.0%), from €1.6m to €1.5m
of which Trade receivables: -€167,498
- Tangible fixed assets -€55,840
down €55,840 (-58.5%), from €95,454 to €39,614
of which Plant, machinery and equipment: -€29,624
- Trade debts +€126,605
up €126,605 (+12.0%), from €1.1m to €1.2m
- Reserves +€105,250
up €105,250 (+5,634%), from €1,868 to €107,118
of which Tax-exempt reserves: +€105,250
- Provisions +€86,162
new in 2025: €86,162
- Profit (loss) carried forward +€69,369
up €69,369 (+4.6%), from €1.5m to €1.6m
- Provisions +€86,162
new in 2025: €86,162
- Staff costs +€55,523
up €55,523 (+7.0%), from €792,323 to €847,847
- Gross operating margin +€50,540
up €50,540 (+4.1%), from €1.2m to €1.3m
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.
Derived cash bridge
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 | €2,779,688 | €3,149,307 | +€369,619 | +13.3% |
| Fixed assets | 21/28 | €101,987 | €44,147 | -€57,840 | -56.7% |
| Intangible fixed assets | 21 | €6,533 | €4,533 | -€2,000 | -30.6% |
| Tangible fixed assets | 22/27 | €95,454 | €39,614 | -€55,840 | -58.5% |
| Plant, machinery and equipment | 23 | €47,736 | €18,112 | -€29,624 | -62.1% |
| Furniture and vehicles | 24 | €47,718 | €21,502 | -€26,216 | -54.9% |
| Current assets | 29/58 | €2,677,700 | €3,105,160 | +€427,459 | +16.0% |
| Stocks and contracts in progress | 3 | €431,919 | €237,030 | -€194,889 | -45.1% |
| Stocks | 30/36 | €431,919 | €237,030 | -€194,889 | -45.1% |
| Amounts receivable within one year | 40/41 | €1,647,980 | €1,483,754 | -€164,226 | -10.0% |
| Trade receivables | 40 | €1,624,596 | €1,457,098 | -€167,498 | -10.3% |
| Other amounts receivable | 41 | €23,384 | €26,656 | +€3,272 | +14.0% |
| Current investments | 50/53 | - | €1,000,913 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €592,418 | €376,621 | -€215,797 | -36.4% |
| Deferred charges and accrued income | 490/1 | €5,383 | €6,842 | +€1,459 | +27.1% |
| Total equity and liabilities | 10/49 | €2,779,688 | €3,149,307 | +€369,619 | +13.3% |
| Equity | 10/15 | €1,521,731 | €1,696,349 | +€174,619 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,868 | €107,118 | +€105,250 | +5,634% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €1,868 | €1,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,513,663 | €1,583,031 | +€69,369 | +4.6% |
| Provisions and deferred taxes | 16 | - | €86,162 | +€86,162 | |
| Provisions for liabilities and charges | 160/5 | - | €86,162 | +€86,162 | |
| Other liabilities and charges | 164/5 | - | €86,162 | +€86,162 | |
| Amounts payable | 17/49 | €1,257,957 | €1,366,796 | +€108,839 | +8.7% |
| Amounts payable within one year | 42/48 | €1,257,957 | €1,366,796 | +€108,839 | +8.7% |
| Trade debts | 44 | €1,052,936 | €1,179,541 | +€126,605 | +12.0% |
| Suppliers | 440/4 | €1,052,936 | €1,179,541 | +€126,605 | +12.0% |
| Taxes, remuneration and social security | 45 | €205,021 | €187,254 | -€17,766 | -8.7% |
| Taxes | 450/3 | €142,153 | €135,653 | -€6,500 | -4.6% |
| Remuneration and social security | 454/9 | €62,868 | €51,602 | -€11,266 | -17.9% |
| Non-recurring operating income | 76A | - | €5,921 | +€5,921 | |
| Remuneration, social security and pensions | 62 | €792,323 | €847,847 | +€55,523 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,073 | €47,996 | -€11,077 | -18.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €86,162 | +€86,162 | |
| Other operating charges | 640/8 | €4,379 | €2,431 | -€1,948 | -44.5% |
| Gross operating margin | 9900 | €1,222,030 | €1,272,570 | +€50,540 | +4.1% |
| Operating profit (loss) | 9901 | €366,254 | €288,134 | -€78,120 | -21.3% |
| Financial income | 75/76B | €4,023 | €5,459 | +€1,437 | +35.7% |
| Recurring financial income | 75 | €4,023 | €5,459 | +€1,437 | +35.7% |
| Financial charges | 65/66B | €13,752 | €16,855 | +€3,104 | +22.6% |
| Recurring financial charges | 65 | €13,752 | €16,855 | +€3,104 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €356,525 | €276,738 | -€79,787 | -22.4% |
| Income taxes | 67/77 | €96,628 | €102,119 | +€5,491 | +5.7% |
| Profit (loss) for the period | 9904 | €259,897 | €174,619 | -€85,278 | -32.8% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €259,897 | €69,369 | -€190,528 | -73.3% |
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 29 October 2026 via checked.be.