Fello 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 Services
Largest movements
- Cash +€26,769
up €26,769 (+98.1%), from €27,274 to €54,043
mainly Other debts (+€197,630) and Net result for the year (+€53,466)
- Receivables within one year -€17,655
down €17,655 (-9.0%), from €197,122 to €179,467
of which Other amounts receivable: -€14,473
- Receivables after one year +€17,520
up €17,520 (+8.0%), from €218,394 to €235,914
- Other debts +€197,630
up €197,630 (+70.3%), from €281,053 to €478,682
- Reserves -€175,121
down €175,121 (-100%), from €175,121 to €0
- Gross operating margin +€48,159
up €48,159 (+51.3%), from €93,813 to €141,972
- Taxes +€15,124
up €15,124 (+2,868%), from €527 to €15,651
- Financial charges -€4,341
down €4,341 (-22.6%), from €19,228 to €14,887
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 | €471,615 | €499,944 | +€28,330 | +6.0% |
| Fixed assets | 21/28 | €27,949 | €27,124 | -€825 | -3.0% |
| Tangible fixed assets | 22/27 | €3,604 | €2,779 | -€825 | -22.9% |
| Plant, machinery and equipment | 23 | €1,196 | €393 | -€803 | -67.2% |
| Furniture and vehicles | 24 | €2,408 | €2,386 | -€22 | -0.9% |
| Financial fixed assets | 28 | €24,345 | €24,345 | = | 0.0% |
| Current assets | 29/58 | €443,665 | €472,821 | +€29,155 | +6.6% |
| Amounts receivable after more than one year | 29 | €218,394 | €235,914 | +€17,520 | +8.0% |
| Other amounts receivable | 291 | €218,394 | €235,914 | +€17,520 | +8.0% |
| Amounts receivable within one year | 40/41 | €197,122 | €179,467 | -€17,655 | -9.0% |
| Trade receivables | 40 | €182,649 | €179,467 | -€3,182 | -1.7% |
| Other amounts receivable | 41 | €14,473 | €0 | -€14,473 | -100% |
| Cash at bank and in hand | 54/58 | €27,274 | €54,043 | +€26,769 | +98.1% |
| Deferred charges and accrued income | 490/1 | €875 | €3,396 | +€2,521 | +288% |
| Total equity and liabilities | 10/49 | €471,615 | €499,944 | +€28,330 | +6.0% |
| Equity | 10/15 | €178,121 | €3,000 | -€175,121 | -98.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €175,121 | €0 | -€175,121 | -100% |
| Distributable reserves | 133 | €175,121 | €0 | -€175,121 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €293,494 | €496,944 | +€203,450 | +69.3% |
| Amounts payable within one year | 42/48 | €293,494 | €496,944 | +€203,450 | +69.3% |
| Trade debts | 44 | €2,275 | €4,338 | +€2,062 | +90.6% |
| Suppliers | 440/4 | €2,275 | €4,338 | +€2,062 | +90.6% |
| Taxes, remuneration and social security | 45 | €10,166 | €13,924 | +€3,758 | +37.0% |
| Taxes | 450/3 | €6,047 | €2,121 | -€3,926 | -64.9% |
| Remuneration and social security | 454/9 | €4,119 | €11,803 | +€7,684 | +187% |
| Other amounts payable | 47/48 | €281,053 | €478,682 | +€197,630 | +70.3% |
| Non-recurring operating income | 76A | - | €42,704 | +€42,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,764 | €2,314 | -€450 | -16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €451 | €691 | +€239 | +53.1% |
| Non-recurring operating charges | 66A | €63,932 | €55,000 | -€8,932 | -14.0% |
| Gross operating margin | 9900 | €93,813 | €141,972 | +€48,159 | +51.3% |
| Operating profit (loss) | 9901 | €26,666 | €83,967 | +€57,301 | +215% |
| Financial income | 75/76B | €0 | €37 | +€37 | |
| Recurring financial income | 75 | €0 | €37 | +€37 | |
| Financial charges | 65/66B | €19,228 | €14,887 | -€4,341 | -22.6% |
| Recurring financial charges | 65 | €19,228 | €14,887 | -€4,341 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €7,438 | €69,117 | +€61,679 | +829% |
| Income taxes | 67/77 | €527 | €15,651 | +€15,124 | +2,868% |
| Profit (loss) for the period | 9904 | €6,911 | €53,466 | +€46,556 | +674% |
| Profit (loss) for the period to be appropriated | 9905 | €6,911 | €53,466 | +€46,556 | +674% |
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 16 October 2026 via checked.be.