FEM: 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.
FEM
Largest movements
- Cash +€104,232
up €104,232 (+168.7%), from €61,799 to €166,032
mainly Net result for the year (+€167,951) and Tax, wage and social debts (+€40,407)
- Receivables after one year +€70,000
new in 2025: €70,000
- Deferred charges and accrued income +€33,771
up €33,771 (+10353.7%), from €326 to €34,097
- Profit (loss) carried forward +€167,951
up €167,951 (+467.1%), from €35,956 to €203,907
- Tax, wage and social debts +€40,407
up €40,407 (+199.7%), from €20,234 to €60,641
- Gross operating margin +€173,494
up €173,494 (+380.5%), from €45,591 to €219,085
- Taxes +€40,520
up €40,520 (+449.4%), from €9,017 to €49,537
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 | €62,126 | €270,128 | +€208,003 | +334.8% |
| Current assets | 29/58 | €62,126 | €270,128 | +€208,003 | +334.8% |
| Amounts receivable after more than one year | 29 | - | €70,000 | +€70,000 | |
| Other amounts receivable | 291 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €61,799 | €166,032 | +€104,232 | +168.7% |
| Deferred charges and accrued income | 490/1 | €326 | €34,097 | +€33,771 | +10353.7% |
| Total equity and liabilities | 10/49 | €62,126 | €270,128 | +€208,003 | +334.8% |
| Equity | 10/15 | €39,956 | €207,907 | +€167,951 | +420.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,956 | €203,907 | +€167,951 | +467.1% |
| Amounts payable | 17/49 | €22,170 | €62,222 | +€40,052 | +180.7% |
| Amounts payable within one year | 42/48 | €22,170 | €62,222 | +€40,052 | +180.7% |
| Trade debts | 44 | €380 | €29 | -€351 | -92.4% |
| Suppliers | 440/4 | €380 | €29 | -€351 | -92.4% |
| Taxes, remuneration and social security | 45 | €20,234 | €60,641 | +€40,407 | +199.7% |
| Taxes | 450/3 | €20,234 | €60,641 | +€40,407 | +199.7% |
| Other amounts payable | 47/48 | €1,555 | €1,552 | -€3 | -0.2% |
| Gross operating margin | 9900 | €45,591 | €219,085 | +€173,494 | +380.5% |
| Operating profit (loss) | 9901 | €45,591 | €219,085 | +€173,494 | +380.5% |
| Financial income | 75/76B | - | €797 | +€797 | |
| Recurring financial income | 75 | - | €797 | +€797 | |
| Financial charges | 65/66B | €618 | €2,394 | +€1,776 | +287.3% |
| Recurring financial charges | 65 | €618 | €2,394 | +€1,776 | +287.3% |
| Profit (loss) for the period before taxes | 9903 | €44,973 | €217,487 | +€172,514 | +383.6% |
| Income taxes | 67/77 | €9,017 | €49,537 | +€40,520 | +449.4% |
| Profit (loss) for the period | 9904 | €35,956 | €167,951 | +€131,995 | +367.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,956 | €167,951 | +€131,995 | +367.1% |
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 11 October 2026 via checked.be.