FéMax: 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.
FéMax
Largest movements
- Cash +€38,450
up €38,450 (+181.7%), from €21,166 to €59,616
mainly Net result for the year (+€61,539) and Tax, wage and social debts (+€3,878)
- Profit (loss) carried forward +€61,539
up €61,539 (+1507.5%), from €4,082 to €65,621
- Other debts -€25,902
down €25,902 (-98.1%), from €26,412 to €510
- Tax, wage and social debts +€3,878
up €3,878 (+75.0%), from €5,167 to €9,045
of which Remuneration and social security: +€2,640
- Trade debts -€1,312
down €1,312 (-86.2%), from €1,522 to €210
- Gross operating margin +€73,776
up €73,776 (+885.6%), from €8,330 to €82,106
- Taxes +€15,362
up €15,362 (+1014.7%), from €1,514 to €16,876
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 | €40,684 | €78,886 | +€38,202 | +93.9% |
| Formation expenses | 20 | €474 | €0 | -€474 | -100.0% |
| Fixed assets | 21/28 | €2,614 | €2,745 | +€131 | +5.0% |
| Tangible fixed assets | 22/27 | €2,614 | €2,745 | +€131 | +5.0% |
| Plant, machinery and equipment | 23 | €2,614 | €1,646 | -€968 | -37.0% |
| Furniture and vehicles | 24 | - | €1,099 | +€1,099 | |
| Current assets | 29/58 | €37,597 | €76,141 | +€38,544 | +102.5% |
| Amounts receivable within one year | 40/41 | €16,431 | €16,525 | +€95 | +0.6% |
| Trade receivables | 40 | €16,431 | €16,525 | +€95 | +0.6% |
| Cash at bank and in hand | 54/58 | €21,166 | €59,616 | +€38,450 | +181.7% |
| Total equity and liabilities | 10/49 | €40,684 | €78,886 | +€38,202 | +93.9% |
| Equity | 10/15 | €7,582 | €69,121 | +€61,539 | +811.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,082 | €65,621 | +€61,539 | +1507.5% |
| Amounts payable | 17/49 | €33,102 | €9,765 | -€23,337 | -70.5% |
| Amounts payable within one year | 42/48 | €33,102 | €9,765 | -€23,337 | -70.5% |
| Trade debts | 44 | €1,522 | €210 | -€1,312 | -86.2% |
| Suppliers | 440/4 | €1,522 | €210 | -€1,312 | -86.2% |
| Taxes, remuneration and social security | 45 | €5,167 | €9,045 | +€3,878 | +75.0% |
| Taxes | 450/3 | €5,167 | €6,405 | +€1,238 | +24.0% |
| Remuneration and social security | 454/9 | - | €2,640 | +€2,640 | |
| Other amounts payable | 47/48 | €26,412 | €510 | -€25,902 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,305 | €1,830 | +€525 | +40.2% |
| Other operating charges | 640/8 | €106 | €66 | -€40 | -37.7% |
| Gross operating margin | 9900 | €8,330 | €82,106 | +€73,776 | +885.6% |
| Operating profit (loss) | 9901 | €6,919 | €80,210 | +€73,291 | +1059.2% |
| Financial charges | 65/66B | €1,323 | €1,795 | +€472 | +35.7% |
| Recurring financial charges | 65 | €1,323 | €1,795 | +€472 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €5,596 | €78,415 | +€72,818 | +1301.2% |
| Income taxes | 67/77 | €1,514 | €16,876 | +€15,362 | +1014.7% |
| Profit (loss) for the period | 9904 | €4,082 | €61,539 | +€57,457 | +1407.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,082 | €61,539 | +€57,457 | +1407.5% |
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 9 October 2026 via checked.be.