FEM-Cor: 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-Cor
Largest movements
- Tangible fixed assets +€72,763
up €72,763 (+571%), from €12,753 to €85,516
of which Furniture and vehicles: +€73,671
- Cash -€16,115
down €16,115 (-25.3%), from €63,697 to €47,582
mainly Investment in fixed assets (net) (-€82,809) and Contributions, distributions and other (-€42,818)
- Receivables within one year -€13,399
down €13,399 (-35.5%), from €37,765 to €24,365
- Intangible fixed assets -€3,500
down €3,500 (-15.3%), from €22,889 to €19,389
- Deferred charges and accrued income +€2,624
up €2,624 (+751%), from €349 to €2,973
- Profit (loss) carried forward -€42,818
down €42,818 (-58.8%), from €72,818 to €30,000
- Debts after one year +€31,749
new in 2025: €31,749
- Reserves +€30,469
up €30,469 (+265%), from €11,506 to €41,976
- Other debts +€17,152
up €17,152 (+1,030%), from €1,666 to €18,818
- Current portion of long-term debt +€11,668
new in 2025: €11,668
- Gross operating margin +€22,257
up €22,257 (+63.0%), from €35,341 to €57,598
- Taxes +€3,654
up €3,654 (+33.8%), from €10,828 to €14,482
- Financial income +€677
up €677 (+51.0%), from €1,326 to €2,003
- Financial charges +€587
up €587 (+304%), from €193 to €780
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 | €137,453 | €179,826 | +€42,372 | +30.8% |
| Fixed assets | 21/28 | €35,642 | €104,905 | +€69,263 | +194% |
| Intangible fixed assets | 21 | €22,889 | €19,389 | -€3,500 | -15.3% |
| Tangible fixed assets | 22/27 | €12,753 | €85,516 | +€72,763 | +571% |
| Plant, machinery and equipment | 23 | €6,470 | €5,562 | -€909 | -14.0% |
| Furniture and vehicles | 24 | €6,283 | €79,954 | +€73,671 | +1,173% |
| Current assets | 29/58 | €101,811 | €74,921 | -€26,890 | -26.4% |
| Amounts receivable within one year | 40/41 | €37,765 | €24,365 | -€13,399 | -35.5% |
| Other amounts receivable | 41 | €37,765 | €24,365 | -€13,399 | -35.5% |
| Cash at bank and in hand | 54/58 | €63,697 | €47,582 | -€16,115 | -25.3% |
| Deferred charges and accrued income | 490/1 | €349 | €2,973 | +€2,624 | +751% |
| Total equity and liabilities | 10/49 | €137,453 | €179,826 | +€42,372 | +30.8% |
| Equity | 10/15 | €124,324 | €111,976 | -€12,349 | -9.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €11,506 | €41,976 | +€30,469 | +265% |
| Distributable reserves | 133 | €11,506 | €41,976 | +€30,469 | +265% |
| Profit (loss) carried forward | 14 | €72,818 | €30,000 | -€42,818 | -58.8% |
| Amounts payable | 17/49 | €13,129 | €67,850 | +€54,721 | +417% |
| Amounts payable after more than one year | 17 | - | €31,749 | +€31,749 | |
| Financial debts | 170/4 | - | €31,749 | +€31,749 | |
| Amounts payable within one year | 42/48 | €13,129 | €35,555 | +€22,426 | +171% |
| Current portion of amounts payable after more than one year | 42 | - | €11,668 | +€11,668 | |
| Trade debts | 44 | €732 | €1,727 | +€995 | +136% |
| Suppliers | 440/4 | €732 | €1,727 | +€995 | +136% |
| Taxes, remuneration and social security | 45 | €10,731 | €3,342 | -€7,389 | -68.9% |
| Taxes | 450/3 | €10,731 | €2,482 | -€8,249 | -76.9% |
| Remuneration and social security | 454/9 | - | €859 | +€859 | |
| Other amounts payable | 47/48 | €1,666 | €18,818 | +€17,152 | +1,030% |
| Accrued charges and deferred income | 492/3 | - | €546 | +€546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,498 | €13,547 | +€48 | +0.4% |
| Other operating charges | 640/8 | €642 | €323 | -€319 | -49.6% |
| Gross operating margin | 9900 | €35,341 | €57,598 | +€22,257 | +63.0% |
| Operating profit (loss) | 9901 | €21,201 | €43,728 | +€22,527 | +106% |
| Financial income | 75/76B | €1,326 | €2,003 | +€677 | +51.0% |
| Recurring financial income | 75 | €1,326 | €2,003 | +€677 | +51.0% |
| Financial charges | 65/66B | €193 | €780 | +€587 | +304% |
| Recurring financial charges | 65 | €193 | €780 | +€587 | +304% |
| Profit (loss) for the period before taxes | 9903 | €22,334 | €44,951 | +€22,617 | +101% |
| Income taxes | 67/77 | €10,828 | €14,482 | +€3,654 | +33.8% |
| Profit (loss) for the period | 9904 | €11,506 | €30,469 | +€18,963 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €11,506 | €30,469 | +€18,963 | +165% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.