FEM CONSULT: what changed
Two fiscal 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 CONSULT
Largest movements
- Receivables after one year +€31,542
new in 2025: €31,542
- Cash +€8,670
up €8,670 (+28.9%), from €29,986 to €38,656
mainly Net result for the year (+€26,834) and Tax, wage and social debts (+€7,914)
- Receivables within one year -€2,947
down €2,947 (-13.6%), from €21,687 to €18,740
of which Other amounts receivable: -€15,048
- Tangible fixed assets +€1,798
up €1,798 (+57.1%), from €3,149 to €4,948
of which Furniture and vehicles: +€1,333
- Profit (loss) carried forward +€26,834
up €26,834 (+68.2%), from €39,374 to €66,208
- Tax, wage and social debts +€7,914
up €7,914 (+78.8%), from €10,041 to €17,955
- Trade debts +€3,805
up €3,805 (+68.8%), from €5,533 to €9,339
- Gross operating margin +€8,498
up €8,498 (+25.5%), from €33,377 to €41,875
- Other operating charges -€5,020
down €5,020 (-77.3%), from €6,494 to €1,475
- Taxes +€2,347
up €2,347 (+36.9%), from €6,357 to €8,705
- Depreciation +€762
up €762 (+161.1%), from €473 to €1,236
- Financial charges +€495
up €495 (+15.7%), from €3,157 to €3,652
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 | €55,947 | €94,501 | +€38,553 | +68.9% |
| Fixed assets | 21/28 | €3,149 | €4,948 | +€1,798 | +57.1% |
| Tangible fixed assets | 22/27 | €3,149 | €4,948 | +€1,798 | +57.1% |
| Plant, machinery and equipment | 23 | €2,038 | €2,503 | +€466 | +22.9% |
| Furniture and vehicles | 24 | €1,112 | €2,444 | +€1,333 | +119.8% |
| Current assets | 29/58 | €52,798 | €89,553 | +€36,755 | +69.6% |
| Amounts receivable after more than one year | 29 | - | €31,542 | +€31,542 | |
| Other amounts receivable | 291 | - | €31,542 | +€31,542 | |
| Amounts receivable within one year | 40/41 | €21,687 | €18,740 | -€2,947 | -13.6% |
| Trade receivables | 40 | €6,640 | €18,740 | +€12,100 | +182.2% |
| Other amounts receivable | 41 | €15,048 | - | -€15,048 | |
| Cash at bank and in hand | 54/58 | €29,986 | €38,656 | +€8,670 | +28.9% |
| Deferred charges and accrued income | 490/1 | €1,125 | €615 | -€509 | -45.3% |
| Total equity and liabilities | 10/49 | €55,947 | €94,501 | +€38,553 | +68.9% |
| Equity | 10/15 | €40,374 | €67,208 | +€26,834 | +66.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,374 | €66,208 | +€26,834 | +68.2% |
| Amounts payable | 17/49 | €15,574 | €27,293 | +€11,719 | +75.3% |
| Amounts payable within one year | 42/48 | €15,574 | €27,293 | +€11,719 | +75.3% |
| Trade debts | 44 | €5,533 | €9,339 | +€3,805 | +68.8% |
| Suppliers | 440/4 | €5,533 | €9,339 | +€3,805 | +68.8% |
| Taxes, remuneration and social security | 45 | €10,041 | €17,955 | +€7,914 | +78.8% |
| Taxes | 450/3 | €10,041 | €17,955 | +€7,914 | +78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €1,236 | +€762 | +161.1% |
| Other operating charges | 640/8 | €6,494 | €1,475 | -€5,020 | -77.3% |
| Gross operating margin | 9900 | €33,377 | €41,875 | +€8,498 | +25.5% |
| Operating profit (loss) | 9901 | €26,409 | €39,165 | +€12,756 | +48.3% |
| Financial income | 75/76B | €15 | €26 | +€11 | +70.1% |
| Recurring financial income | 75 | €15 | €26 | +€11 | +70.1% |
| Financial charges | 65/66B | €3,157 | €3,652 | +€495 | +15.7% |
| Recurring financial charges | 65 | €3,157 | €3,652 | +€495 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €23,267 | €35,539 | +€12,271 | +52.7% |
| Income taxes | 67/77 | €6,357 | €8,705 | +€2,347 | +36.9% |
| Profit (loss) for the period | 9904 | €16,910 | €26,834 | +€9,924 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,910 | €26,834 | +€9,924 | +58.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.