FeluyMed: 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.
FeluyMed
Largest movements
- Cash +€13,503
up €13,503 (+99.4%), from €13,585 to €27,088
mainly Net result for the year (+€38,426) and Depreciation (+€32,397)
- Tangible fixed assets -€9,401
down €9,401 (-1.3%), from €745,327 to €735,926
of which Assets under construction and advance payments: -€5,415
- Debts after one year -€39,141
down €39,141 (-8.1%), from €480,540 to €441,398
- Profit (loss) carried forward +€38,426
up €38,426 (+73.8%), from €52,101 to €90,527
- Gross operating margin +€18,354
up €18,354 (+17.1%), from €107,345 to €125,700
- Taxes +€7,647
up €7,647 (+155%), from €4,939 to €12,586
- Staff costs +€1,916
up €1,916 (+6.6%), from €29,204 to €31,119
- Depreciation +€1,624
up €1,624 (+5.3%), from €30,773 to €32,397
- Financial charges -€1,323
down €1,323 (-14.7%), from €8,990 to €7,668
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 | €771,460 | €778,037 | +€6,578 | +0.9% |
| Fixed assets | 21/28 | €745,327 | €735,926 | -€9,401 | -1.3% |
| Tangible fixed assets | 22/27 | €745,327 | €735,926 | -€9,401 | -1.3% |
| Land and buildings | 22 | €713,962 | €714,737 | +€775 | +0.1% |
| Plant, machinery and equipment | 23 | €25,053 | €20,989 | -€4,064 | -16.2% |
| Furniture and vehicles | 24 | €898 | €201 | -€698 | -77.7% |
| Assets under construction and advance payments | 27 | €5,415 | - | -€5,415 | |
| Current assets | 29/58 | €26,132 | €42,112 | +€15,979 | +61.1% |
| Amounts receivable within one year | 40/41 | €11,750 | €13,854 | +€2,104 | +17.9% |
| Trade receivables | 40 | €11,750 | €13,854 | +€2,104 | +17.9% |
| Cash at bank and in hand | 54/58 | €13,585 | €27,088 | +€13,503 | +99.4% |
| Deferred charges and accrued income | 490/1 | €797 | €1,170 | +€373 | +46.8% |
| Total equity and liabilities | 10/49 | €771,460 | €778,037 | +€6,578 | +0.9% |
| Equity | 10/15 | €102,101 | €140,527 | +€38,426 | +37.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,101 | €90,527 | +€38,426 | +73.8% |
| Amounts payable | 17/49 | €669,359 | €637,511 | -€31,848 | -4.8% |
| Amounts payable after more than one year | 17 | €480,540 | €441,398 | -€39,141 | -8.1% |
| Financial debts | 170/4 | €480,540 | €441,398 | -€39,141 | -8.1% |
| Amounts payable within one year | 42/48 | €187,762 | €194,722 | +€6,960 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €41,718 | €42,376 | +€657 | +1.6% |
| Trade debts | 44 | €3,635 | €2,606 | -€1,030 | -28.3% |
| Suppliers | 440/4 | €3,635 | €2,606 | -€1,030 | -28.3% |
| Taxes, remuneration and social security | 45 | €13,257 | €13,767 | +€510 | +3.8% |
| Taxes | 450/3 | €5,513 | €8,350 | +€2,837 | +51.5% |
| Remuneration and social security | 454/9 | €7,744 | €5,417 | -€2,327 | -30.1% |
| Other amounts payable | 47/48 | €129,152 | €135,974 | +€6,822 | +5.3% |
| Accrued charges and deferred income | 492/3 | €1,057 | €1,390 | +€333 | +31.6% |
| Remuneration, social security and pensions | 62 | €29,204 | €31,119 | +€1,916 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,773 | €32,397 | +€1,624 | +5.3% |
| Other operating charges | 640/8 | €3,091 | €3,507 | +€416 | +13.4% |
| Gross operating margin | 9900 | €107,345 | €125,700 | +€18,354 | +17.1% |
| Operating profit (loss) | 9901 | €44,277 | €58,676 | +€14,399 | +32.5% |
| Financial income | 75/76B | €0 | €4 | +€3 | +808% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +808% |
| Financial charges | 65/66B | €8,990 | €7,668 | -€1,323 | -14.7% |
| Recurring financial charges | 65 | €8,990 | €7,668 | -€1,323 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €35,287 | €51,012 | +€15,725 | +44.6% |
| Income taxes | 67/77 | €4,939 | €12,586 | +€7,647 | +155% |
| Profit (loss) for the period | 9904 | €30,348 | €38,426 | +€8,078 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,348 | €38,426 | +€8,078 | +26.6% |
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 15 October 2026 via checked.be.