FELYX BELGIUM: 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 BELGIUM
Largest movements
- Cash -€66,755
down €66,755 (-85.5%), from €78,037 to €11,282
mainly Debts after one year (-€590,000) and Contributions, distributions and other (-€12,589)
- Tangible fixed assets -€59,982
down €59,982 (-93.6%), from €64,062 to €4,080
of which Furniture and vehicles: -€58,636
- Receivables within one year -€9,894
down €9,894 (-36.6%), from €27,053 to €17,160
of which Trade receivables: -€9,894
- Stocks and contracts -€3,771
down €3,771 (-18.5%), from €20,376 to €16,605
- Debts after one year -€590,000
down €590,000 (-100%), from €590,000 to €0
- Current portion of long-term debt +€240,000
new in 2024: €240,000
- Other debts +€81,943
up €81,943 (+4.7%), from €1.7m to €1.8m
- Trade debts +€60,149
up €60,149 (+569%), from €10,567 to €70,716
- Profit (loss) carried forward +€44,378
up €44,378 (+2.0%), from -€2.3m to -€2.2m
- Financial income +€289,125
up €289,125 (+1,022%), from €28,281 to €317,406
of which Non-recurring financial income: +€304,816
- Depreciation -€95,519
down €95,519 (-81.3%), from €117,422 to €21,903
- Financial charges -€57,433
down €57,433 (-48.1%), from €119,350 to €61,917
- Staff costs -€41,000
down €41,000 (-32.0%), from €128,033 to €87,033
- Gross operating margin -€27,900
down €27,900 (-44.2%), from €63,066 to €35,166
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,216 | €59,279 | -€141,937 | -70.5% |
| Fixed assets | 21/28 | €70,724 | €10,742 | -€59,982 | -84.8% |
| Tangible fixed assets | 22/27 | €64,062 | €4,080 | -€59,982 | -93.6% |
| Plant, machinery and equipment | 23 | €1,346 | €0 | -€1,346 | -100% |
| Furniture and vehicles | 24 | €62,716 | €4,080 | -€58,636 | -93.5% |
| Financial fixed assets | 28 | €6,662 | €6,662 | = | 0.0% |
| Current assets | 29/58 | €130,492 | €48,537 | -€81,955 | -62.8% |
| Stocks and contracts in progress | 3 | €20,376 | €16,605 | -€3,771 | -18.5% |
| Stocks | 30/36 | €20,376 | €16,605 | -€3,771 | -18.5% |
| Amounts receivable within one year | 40/41 | €27,053 | €17,160 | -€9,894 | -36.6% |
| Trade receivables | 40 | €27,053 | €17,160 | -€9,894 | -36.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €78,037 | €11,282 | -€66,755 | -85.5% |
| Deferred charges and accrued income | 490/1 | €5,025 | €3,490 | -€1,536 | -30.6% |
| Total equity and liabilities | 10/49 | €201,216 | €59,279 | -€141,937 | -70.5% |
| Equity | 10/15 | -€2,241,550 | -€2,209,763 | +€31,788 | +1.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,272,690 | -€2,228,313 | +€44,378 | +2.0% |
| Investment grants | 15 | €12,590 | €0 | -€12,590 | -100.0% |
| Amounts payable | 17/49 | €2,442,766 | €2,269,041 | -€173,725 | -7.1% |
| Amounts payable after more than one year | 17 | €590,000 | €0 | -€590,000 | -100% |
| Financial debts | 170/4 | €590,000 | €0 | -€590,000 | -100% |
| Amounts payable within one year | 42/48 | €1,772,949 | €2,151,273 | +€378,324 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | - | €240,000 | +€240,000 | |
| Trade debts | 44 | €10,567 | €70,716 | +€60,149 | +569% |
| Suppliers | 440/4 | €10,567 | €70,716 | +€60,149 | +569% |
| Taxes, remuneration and social security | 45 | €14,490 | €10,722 | -€3,768 | -26.0% |
| Taxes | 450/3 | €12,934 | €6,459 | -€6,475 | -50.1% |
| Remuneration and social security | 454/9 | €1,556 | €4,262 | +€2,707 | +174% |
| Other amounts payable | 47/48 | €1,747,892 | €1,829,836 | +€81,943 | +4.7% |
| Accrued charges and deferred income | 492/3 | €79,817 | €117,768 | +€37,951 | +47.5% |
| Remuneration, social security and pensions | 62 | €128,033 | €87,033 | -€41,000 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,422 | €21,903 | -€95,519 | -81.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €83,606 | €106,911 | +€23,305 | +27.9% |
| Other operating charges | 640/8 | €2,233 | €29,805 | +€27,572 | +1,235% |
| Non-recurring operating charges | 66A | €39,093 | €627 | -€38,467 | -98.4% |
| Gross operating margin | 9900 | €63,066 | €35,166 | -€27,900 | -44.2% |
| Operating profit (loss) | 9901 | -€307,320 | -€211,112 | +€96,208 | +31.3% |
| Financial income | 75/76B | €28,281 | €317,406 | +€289,125 | +1,022% |
| Recurring financial income | 75 | €28,281 | €12,590 | -€15,691 | -55.5% |
| Non-recurring financial income | 76B | €0 | €304,816 | +€304,816 | |
| Financial charges | 65/66B | €119,350 | €61,917 | -€57,433 | -48.1% |
| Recurring financial charges | 65 | €119,350 | €61,917 | -€57,433 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€398,390 | €44,377 | +€442,766 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€398,390 | €44,377 | +€442,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€398,390 | €44,377 | +€442,766 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.