FELLO MULTI-SERVICES: 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.
FELLO MULTI-SERVICES
Largest movements
- Receivables within one year +€20,782
up €20,782 (+385%), from €5,392 to €26,174
of which Trade receivables: +€15,156
- Cash +€16,373
up €16,373 (+107%), from €15,371 to €31,744
mainly Net result for the year (+€18,360) and Trade debts (+€8,739)
- Tangible fixed assets -€4,714
down €4,714 (-19.1%), from €24,679 to €19,965
- Deferred charges and accrued income +€870
up €870 (+857%), from €101 to €971
- Profit (loss) carried forward +€18,360
up €18,360 (+193%), from €9,496 to €27,856
- Trade debts +€8,739
up €8,739 (+703%), from €1,243 to €9,982
- Tax, wage and social debts +€6,212
up €6,212 (+177%), from €3,506 to €9,718
- Turnover +€25,844
up €25,844 (+77.8%), from €33,222 to €59,066
- Purchases and services +€13,512
up €13,512 (+91.7%), from €14,730 to €28,242
- Gross operating margin +€12,332
up €12,332 (+66.7%), from €18,492 to €30,824
- Taxes +€2,773
up €2,773 (+82.8%), from €3,347 to €6,120
- Depreciation +€987
up €987 (+20.0%), from €4,936 to €5,923
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 | €45,544 | €78,855 | +€33,311 | +73.1% |
| Fixed assets | 21/28 | €24,679 | €19,965 | -€4,714 | -19.1% |
| Tangible fixed assets | 22/27 | €24,679 | €19,965 | -€4,714 | -19.1% |
| Furniture and vehicles | 24 | €24,679 | €19,965 | -€4,714 | -19.1% |
| Current assets | 29/58 | €20,864 | €58,889 | +€38,025 | +182% |
| Amounts receivable within one year | 40/41 | €5,392 | €26,174 | +€20,782 | +385% |
| Trade receivables | 40 | €5,392 | €20,548 | +€15,156 | +281% |
| Other amounts receivable | 41 | - | €5,626 | +€5,626 | |
| Cash at bank and in hand | 54/58 | €15,371 | €31,744 | +€16,373 | +107% |
| Deferred charges and accrued income | 490/1 | €101 | €971 | +€870 | +857% |
| Total equity and liabilities | 10/49 | €45,544 | €78,855 | +€33,311 | +73.1% |
| Equity | 10/15 | €10,996 | €29,356 | +€18,360 | +167% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,496 | €27,856 | +€18,360 | +193% |
| Amounts payable | 17/49 | €34,547 | €49,498 | +€14,951 | +43.3% |
| Amounts payable within one year | 42/48 | €34,547 | €49,498 | +€14,951 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €4,794 | €4,794 | = | 0.0% |
| Trade debts | 44 | €1,243 | €9,982 | +€8,739 | +703% |
| Suppliers | 440/4 | €1,243 | €9,982 | +€8,739 | +703% |
| Taxes, remuneration and social security | 45 | €3,506 | €9,718 | +€6,212 | +177% |
| Taxes | 450/3 | €3,506 | €9,718 | +€6,212 | +177% |
| Other amounts payable | 47/48 | €25,005 | €25,005 | = | 0.0% |
| Turnover | 70 | €33,222 | €59,066 | +€25,844 | +77.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,730 | €28,242 | +€13,512 | +91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,936 | €5,923 | +€987 | +20.0% |
| Other operating charges | 640/8 | €692 | €357 | -€334 | -48.3% |
| Gross operating margin | 9900 | €18,492 | €30,824 | +€12,332 | +66.7% |
| Operating profit (loss) | 9901 | €12,864 | €24,544 | +€11,679 | +90.8% |
| Financial charges | 65/66B | €21 | €64 | +€43 | +208% |
| Recurring financial charges | 65 | €21 | €64 | +€43 | +208% |
| Profit (loss) for the period before taxes | 9903 | €12,844 | €24,480 | +€11,636 | +90.6% |
| Income taxes | 67/77 | €3,347 | €6,120 | +€2,773 | +82.8% |
| Profit (loss) for the period | 9904 | €9,496 | €18,360 | +€8,864 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,496 | €18,360 | +€8,864 | +93.3% |
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 13 October 2026 via checked.be.