FELLIS: 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.
FELLIS
Largest movements
- Receivables within one year +€46,659
up €46,659 (+37.5%), from €124,396 to €171,056
of which Trade receivables: +€24,200
- Tangible fixed assets -€14,826
down €14,826 (-25.8%), from €57,359 to €42,534
- Cash -€2,416
down €2,416 (-34.6%), from €6,986 to €4,571
mainly Contributions, distributions and other (-€158,214) and Receivables within one year (-€46,659)
- Other debts +€153,214
up €153,214 (+1021.4%), from €15,000 to €168,214
- Profit (loss) carried forward -€111,177
down €111,177 (-100.0%), from €111,177 to €0
- Debts after one year -€11,107
down €11,107 (-33.0%), from €33,692 to €22,585
- Trade debts -€2,753
down €2,753 (-80.1%), from €3,439 to €686
- Gross operating margin +€13,100
up €13,100 (+18.9%), from €69,197 to €82,297
- Taxes +€6,440
up €6,440 (+59.4%), from €10,847 to €17,287
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 | €198,742 | €228,160 | +€29,418 | +14.8% |
| Fixed assets | 21/28 | €67,359 | €52,534 | -€14,826 | -22.0% |
| Tangible fixed assets | 22/27 | €57,359 | €42,534 | -€14,826 | -25.8% |
| Furniture and vehicles | 24 | €57,359 | €42,534 | -€14,826 | -25.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €131,383 | €175,626 | +€44,244 | +33.7% |
| Amounts receivable within one year | 40/41 | €124,396 | €171,056 | +€46,659 | +37.5% |
| Trade receivables | 40 | - | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €124,396 | €146,856 | +€22,459 | +18.1% |
| Cash at bank and in hand | 54/58 | €6,986 | €4,571 | -€2,416 | -34.6% |
| Total equity and liabilities | 10/49 | €198,742 | €228,160 | +€29,418 | +14.8% |
| Equity | 10/15 | €121,177 | €10,000 | -€111,177 | -91.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,177 | €0 | -€111,177 | -100.0% |
| Amounts payable | 17/49 | €77,565 | €218,160 | +€140,595 | +181.3% |
| Amounts payable after more than one year | 17 | €33,692 | €22,585 | -€11,107 | -33.0% |
| Financial debts | 170/4 | €33,692 | €22,585 | -€11,107 | -33.0% |
| Amounts payable within one year | 42/48 | €43,873 | €195,576 | +€151,702 | +345.8% |
| Current portion of amounts payable after more than one year | 42 | €10,668 | €11,107 | +€440 | +4.1% |
| Trade debts | 44 | €3,439 | €686 | -€2,753 | -80.1% |
| Suppliers | 440/4 | €3,439 | €686 | -€2,753 | -80.1% |
| Taxes, remuneration and social security | 45 | €14,767 | €15,569 | +€802 | +5.4% |
| Taxes | 450/3 | €14,767 | €13,569 | -€1,198 | -8.1% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €15,000 | €168,214 | +€153,214 | +1021.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,826 | €14,826 | = | 0.0% |
| Other operating charges | 640/8 | €289 | €1,089 | +€800 | +276.7% |
| Gross operating margin | 9900 | €69,197 | €82,297 | +€13,100 | +18.9% |
| Operating profit (loss) | 9901 | €54,083 | €66,383 | +€12,300 | +22.7% |
| Financial charges | 65/66B | €2,647 | €2,059 | -€588 | -22.2% |
| Recurring financial charges | 65 | €2,647 | €2,059 | -€588 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €51,436 | €64,324 | +€12,888 | +25.1% |
| Income taxes | 67/77 | €10,847 | €17,287 | +€6,440 | +59.4% |
| Profit (loss) for the period | 9904 | €40,588 | €47,037 | +€6,448 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,588 | €47,037 | +€6,448 | +15.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.