FÉLOU: 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.
FÉLOU
Largest movements
- Cash -€111,126
down €111,126 (-39.5%), from €281,186 to €170,060
mainly Other debts (-€189,952) and Receivables within one year (-€99,240)
- Receivables within one year +€99,240
up €99,240 (+71.6%), from €138,659 to €237,899
of which Other amounts receivable: +€73,710
- Tangible fixed assets -€34,655
down €34,655 (-23.9%), from €145,113 to €110,458
of which Furniture and vehicles: -€21,068
- Reserves +€226,361
up €226,361 (+423%), from €53,478 to €279,839
- Other debts -€189,952
no longer reported in 2025 (was €189,952)
- Accrued charges and deferred income -€43,548
down €43,548 (-46.5%), from €93,588 to €50,040
- Trade debts -€20,402
down €20,402 (-31.8%), from €64,170 to €43,768
- Current portion of long-term debt -€12,597
down €12,597 (-73.1%), from €17,224 to €4,627
- Gross operating margin +€195,964
up €195,964 (+30.4%), from €644,414 to €840,378
- Staff costs +€152,111
up €152,111 (+44.6%), from €340,695 to €492,806
- Financial charges +€11,710
up €11,710 (+292%), from €4,008 to €15,718
of which Non-recurring financial charges: +€7,697
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 | €578,867 | €534,801 | -€44,066 | -7.6% |
| Fixed assets | 21/28 | €150,925 | €118,188 | -€32,738 | -21.7% |
| Intangible fixed assets | 21 | €5,813 | €7,730 | +€1,917 | +33.0% |
| Tangible fixed assets | 22/27 | €145,113 | €110,458 | -€34,655 | -23.9% |
| Plant, machinery and equipment | 23 | €4,710 | €2,744 | -€1,967 | -41.8% |
| Furniture and vehicles | 24 | €58,035 | €36,967 | -€21,068 | -36.3% |
| Other tangible fixed assets | 26 | €82,367 | €70,747 | -€11,620 | -14.1% |
| Current assets | 29/58 | €427,941 | €416,613 | -€11,328 | -2.6% |
| Amounts receivable within one year | 40/41 | €138,659 | €237,899 | +€99,240 | +71.6% |
| Trade receivables | 40 | €138,037 | €163,567 | +€25,530 | +18.5% |
| Other amounts receivable | 41 | €621 | €74,331 | +€73,710 | +11,863% |
| Cash at bank and in hand | 54/58 | €281,186 | €170,060 | -€111,126 | -39.5% |
| Deferred charges and accrued income | 490/1 | €8,096 | €8,654 | +€558 | +6.9% |
| Total equity and liabilities | 10/49 | €578,867 | €534,801 | -€44,066 | -7.6% |
| Equity | 10/15 | €72,078 | €298,439 | +€226,361 | +314% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,478 | €279,839 | +€226,361 | +423% |
| Distributable reserves | 133 | €53,478 | €279,839 | +€226,361 | +423% |
| Amounts payable | 17/49 | €506,788 | €236,362 | -€270,427 | -53.4% |
| Amounts payable after more than one year | 17 | €4,627 | - | -€4,627 | |
| Financial debts | 170/4 | €4,627 | - | -€4,627 | |
| Amounts payable within one year | 42/48 | €408,573 | €186,322 | -€222,252 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €17,224 | €4,627 | -€12,597 | -73.1% |
| Trade debts | 44 | €64,170 | €43,768 | -€20,402 | -31.8% |
| Suppliers | 440/4 | €64,170 | €43,768 | -€20,402 | -31.8% |
| Advances received on contracts in progress | 46 | - | €670 | +€670 | |
| Taxes, remuneration and social security | 45 | €137,228 | €137,256 | +€28 | 0.0% |
| Taxes | 450/3 | €91,100 | €78,883 | -€12,217 | -13.4% |
| Remuneration and social security | 454/9 | €46,128 | €58,374 | +€12,246 | +26.5% |
| Other amounts payable | 47/48 | €189,952 | - | -€189,952 | |
| Accrued charges and deferred income | 492/3 | €93,588 | €50,040 | -€43,548 | -46.5% |
| Remuneration, social security and pensions | 62 | €340,695 | €492,806 | +€152,111 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,523 | €37,942 | +€419 | +1.1% |
| Other operating charges | 640/8 | €3,437 | €2,427 | -€1,010 | -29.4% |
| Gross operating margin | 9900 | €644,414 | €840,378 | +€195,964 | +30.4% |
| Operating profit (loss) | 9901 | €262,759 | €307,203 | +€44,445 | +16.9% |
| Financial income | 75/76B | €8,620 | €6,861 | -€1,759 | -20.4% |
| Recurring financial income | 75 | €6,380 | €661 | -€5,720 | -89.6% |
| Non-recurring financial income | 76B | €2,239 | €6,200 | +€3,961 | +177% |
| Financial charges | 65/66B | €4,008 | €15,718 | +€11,710 | +292% |
| Recurring financial charges | 65 | €4,008 | €8,021 | +€4,013 | +100% |
| Non-recurring financial charges | 66B | - | €7,697 | +€7,697 | |
| Profit (loss) for the period before taxes | 9903 | €267,371 | €298,347 | +€30,976 | +11.6% |
| Income taxes | 67/77 | €65,017 | €71,986 | +€6,969 | +10.7% |
| Profit (loss) for the period | 9904 | €202,353 | €226,361 | +€24,007 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €202,353 | €226,361 | +€24,007 | +11.9% |
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 18 October 2026 via checked.be.