FELYX: 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.
FELYX
Largest movements
- Receivables within one year +€154,049
up €154,049 (+181.6%), from €84,840 to €238,889
of which Trade receivables: +€136,336
- Cash +€89,185
up €89,185 (+1123.5%), from €7,938 to €97,124
mainly Debts after one year (+€89,828) and Short-term financial debts (+€75,000)
- Tangible fixed assets +€23,121
up €23,121 (+22.4%), from €103,053 to €126,174
of which Plant, machinery and equipment: +€12,518
- Debts after one year +€89,828
new in 2025: €89,828
- Short-term financial debts +€75,000
new in 2025: €75,000
- Trade debts +€60,092
up €60,092 (+84.3%), from €71,250 to €131,342
- Other debts +€24,746
up €24,746 (+34.0%), from €72,754 to €97,500
- Tax, wage and social debts +€13,473
up €13,473 (+89.6%), from €15,040 to €28,513
of which Remuneration and social security: +€28,345
- Staff costs +€117,508
up €117,508 (+94.3%), from €124,673 to €242,181
- Gross operating margin +€105,633
up €105,633 (+59.0%), from €179,115 to €284,747
- Depreciation +€9,340
up €9,340 (+51.6%), from €18,096 to €27,435
- Taxes -€5,571
down €5,571 (-77.1%), from €7,222 to €1,650
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 | €201,297 | €466,687 | +€265,390 | +131.8% |
| Fixed assets | 21/28 | €103,053 | €126,174 | +€23,121 | +22.4% |
| Tangible fixed assets | 22/27 | €103,053 | €126,174 | +€23,121 | +22.4% |
| Plant, machinery and equipment | 23 | €26,965 | €39,483 | +€12,518 | +46.4% |
| Furniture and vehicles | 24 | €76,088 | €84,331 | +€8,243 | +10.8% |
| Other tangible fixed assets | 26 | - | €2,360 | +€2,360 | |
| Current assets | 29/58 | €98,245 | €340,513 | +€242,268 | +246.6% |
| Amounts receivable within one year | 40/41 | €84,840 | €238,889 | +€154,049 | +181.6% |
| Trade receivables | 40 | €74,543 | €210,879 | +€136,336 | +182.9% |
| Other amounts receivable | 41 | €10,297 | €28,010 | +€17,713 | +172.0% |
| Cash at bank and in hand | 54/58 | €7,938 | €97,124 | +€89,185 | +1123.5% |
| Deferred charges and accrued income | 490/1 | €5,467 | €4,500 | -€966 | -17.7% |
| Total equity and liabilities | 10/49 | €201,297 | €466,687 | +€265,390 | +131.8% |
| Equity | 10/15 | €30,163 | €32,734 | +€2,571 | +8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,163 | €27,734 | +€2,571 | +10.2% |
| Distributable reserves | 133 | €25,163 | €27,734 | +€2,571 | +10.2% |
| Amounts payable | 17/49 | €171,134 | €433,953 | +€262,818 | +153.6% |
| Amounts payable after more than one year | 17 | - | €89,828 | +€89,828 | |
| Financial debts | 170/4 | - | €89,828 | +€89,828 | |
| Amounts payable within one year | 42/48 | €170,734 | €344,125 | +€173,391 | +101.6% |
| Current portion of amounts payable after more than one year | 42 | €11,691 | €11,770 | +€80 | +0.7% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €71,250 | €131,342 | +€60,092 | +84.3% |
| Suppliers | 440/4 | €71,250 | €131,342 | +€60,092 | +84.3% |
| Taxes, remuneration and social security | 45 | €15,040 | €28,513 | +€13,473 | +89.6% |
| Taxes | 450/3 | €15,040 | €168 | -€14,872 | -98.9% |
| Remuneration and social security | 454/9 | - | €28,345 | +€28,345 | |
| Other amounts payable | 47/48 | €72,754 | €97,500 | +€24,746 | +34.0% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Remuneration, social security and pensions | 62 | €124,673 | €242,181 | +€117,508 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,096 | €27,435 | +€9,340 | +51.6% |
| Other operating charges | 640/8 | €2,708 | €2,682 | -€26 | -1.0% |
| Non-recurring operating charges | 66A | - | €6,600 | +€6,600 | |
| Gross operating margin | 9900 | €179,115 | €284,747 | +€105,633 | +59.0% |
| Operating profit (loss) | 9901 | €33,638 | €5,849 | -€27,789 | -82.6% |
| Financial income | 75/76B | - | €1,044 | +€1,044 | |
| Recurring financial income | 75 | - | €1,044 | +€1,044 | |
| Financial charges | 65/66B | €1,253 | €2,671 | +€1,418 | +113.2% |
| Recurring financial charges | 65 | €1,253 | €2,671 | +€1,418 | +113.2% |
| Profit (loss) for the period before taxes | 9903 | €32,385 | €4,222 | -€28,163 | -87.0% |
| Income taxes | 67/77 | €7,222 | €1,650 | -€5,571 | -77.1% |
| Profit (loss) for the period | 9904 | €25,163 | €2,571 | -€22,592 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,163 | €2,571 | -€22,592 | -89.8% |
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.