FELO: 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.
FELO
Largest movements
- Cash +€4,130
up €4,130 (+14.8%), from €27,849 to €31,979
mainly Net result for the year (+€4,130)
- Profit (loss) carried forward +€4,130
up €4,130 (+26.3%), from -€15,719 to -€11,590
- Gross operating margin +€203
up €203 (+4.0%), from €5,080 to €5,283
- Other operating charges +€151
up €151 (+17.5%), from €863 to €1,013
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 | €33,349 | €37,479 | +€4,130 | +12.4% |
| Fixed assets | 21/28 | €5,500 | €5,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,500 | €5,500 | = | 0.0% |
| Land and buildings | 22 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €27,849 | €31,979 | +€4,130 | +14.8% |
| Cash at bank and in hand | 54/58 | €27,849 | €31,979 | +€4,130 | +14.8% |
| Total equity and liabilities | 10/49 | €33,349 | €37,479 | +€4,130 | +12.4% |
| Equity | 10/15 | €14,281 | €18,410 | +€4,130 | +28.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,719 | -€11,590 | +€4,130 | +26.3% |
| Amounts payable | 17/49 | €19,069 | €19,069 | = | 0.0% |
| Amounts payable after more than one year | 17 | €19,000 | €19,000 | = | 0.0% |
| Financial debts | 170/4 | €19,000 | €19,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69 | €69 | = | 0.0% |
| Other amounts payable | 47/48 | €69 | €69 | = | 0.0% |
| Other operating charges | 640/8 | €863 | €1,013 | +€151 | +17.5% |
| Gross operating margin | 9900 | €5,080 | €5,283 | +€203 | +4.0% |
| Operating profit (loss) | 9901 | €4,217 | €4,270 | +€53 | +1.2% |
| Financial charges | 65/66B | €160 | €140 | -€20 | -12.5% |
| Recurring financial charges | 65 | €160 | €140 | -€20 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €4,057 | €4,130 | +€73 | +1.8% |
| Profit (loss) for the period | 9904 | €4,057 | €4,130 | +€73 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,057 | €4,130 | +€73 | +1.8% |
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 9 October 2026 via checked.be.