FEMAG: 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.
FEMAG
Largest movements
- Cash -€10,574
down €10,574 (-4.9%), from €216,084 to €205,510
mainly Net result for the year (-€14,624) and Investment in fixed assets (net) (-€1,524)
- Profit (loss) carried forward -€14,624
down €14,624, from €4,941 to -€9,683
- Trade debts +€3,198
up €3,198 (+68.0%), from €4,706 to €7,904
- Gross operating margin +€5,728
up €5,728 (+29.6%), from -€19,357 to -€13,629
- Financial income -€5,250
no longer reported in 2025 (was €5,250)
- Depreciation -€272
down €272 (-39.2%), from €694 to €422
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 | €229,647 | €218,221 | -€11,426 | -5.0% |
| Fixed assets | 21/28 | €1,795 | €2,897 | +€1,102 | +61.4% |
| Tangible fixed assets | 22/27 | €523 | €1,625 | +€1,102 | +210.4% |
| Furniture and vehicles | 24 | €523 | €1,625 | +€1,102 | +210.4% |
| Financial fixed assets | 28 | €1,271 | €1,271 | = | 0.0% |
| Current assets | 29/58 | €227,852 | €215,325 | -€12,527 | -5.5% |
| Amounts receivable within one year | 40/41 | €11,727 | €9,450 | -€2,277 | -19.4% |
| Trade receivables | 40 | - | €10 | +€10 | |
| Other amounts receivable | 41 | €11,727 | €9,440 | -€2,287 | -19.5% |
| Cash at bank and in hand | 54/58 | €216,084 | €205,510 | -€10,574 | -4.9% |
| Deferred charges and accrued income | 490/1 | €41 | €364 | +€323 | +782.6% |
| Total equity and liabilities | 10/49 | €229,647 | €218,221 | -€11,426 | -5.0% |
| Equity | 10/15 | €224,941 | €210,317 | -€14,624 | -6.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,941 | -€9,683 | -€14,624 | |
| Amounts payable | 17/49 | €4,706 | €7,904 | +€3,198 | +68.0% |
| Amounts payable within one year | 42/48 | €4,706 | €7,904 | +€3,198 | +68.0% |
| Trade debts | 44 | €4,706 | €7,904 | +€3,198 | +68.0% |
| Suppliers | 440/4 | €4,706 | €7,904 | +€3,198 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €422 | -€272 | -39.2% |
| Other operating charges | 640/8 | €457 | €470 | +€12 | +2.7% |
| Gross operating margin | 9900 | -€19,357 | -€13,629 | +€5,728 | +29.6% |
| Operating profit (loss) | 9901 | -€20,509 | -€14,521 | +€5,988 | +29.2% |
| Financial income | 75/76B | €5,250 | - | -€5,250 | |
| Recurring financial income | 75 | €5,250 | - | -€5,250 | |
| Financial charges | 65/66B | €92 | €103 | +€11 | +12.6% |
| Recurring financial charges | 65 | €92 | €103 | +€11 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,350 | -€14,624 | +€726 | +4.7% |
| Profit (loss) for the period | 9904 | -€15,350 | -€14,624 | +€726 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,350 | -€14,624 | +€726 | +4.7% |
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 10 October 2026 via checked.be.