FEMESTATE: 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.
FEMESTATE
Largest movements
- Cash +€19,906
up €19,906 (+119%), from €16,719 to €36,624
mainly Net result for the year (+€17,811) and Tax, wage and social debts (+€2,680)
- Tangible fixed assets -€2,607
down €2,607 (-38.6%), from €6,756 to €4,149
of which Furniture and vehicles: -€1,857
- Receivables within one year +€1,953
up €1,953 (+4.8%), from €40,970 to €42,923
of which Trade receivables: +€1,058
- Profit (loss) carried forward +€15,091
up €15,091, from -€15,091 to €0
- Other debts -€4,269
down €4,269 (-31.1%), from €13,721 to €9,453
- Reserves +€2,720
up €2,720 (+224%), from €1,216 to €3,936
of which Distributable reserves: +€2,720
- Tax, wage and social debts +€2,680
up €2,680 (+79.7%), from €3,362 to €6,042
- Trade debts +€2,274
up €2,274 (+337%), from €675 to €2,949
- Depreciation -€7,847
down €7,847 (-75.1%), from €10,454 to €2,607
- Gross operating margin -€5,303
down €5,303 (-16.5%), from €32,053 to €26,750
- Taxes +€1,892
up €1,892 (+46.1%), from €4,102 to €5,995
- Financial charges -€361
down €361 (-65.3%), from €553 to €192
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 | €65,383 | €83,880 | +€18,496 | +28.3% |
| Fixed assets | 21/28 | €6,756 | €4,149 | -€2,607 | -38.6% |
| Tangible fixed assets | 22/27 | €6,756 | €4,149 | -€2,607 | -38.6% |
| Plant, machinery and equipment | 23 | €1,812 | €1,062 | -€750 | -41.4% |
| Furniture and vehicles | 24 | €4,944 | €3,087 | -€1,857 | -37.6% |
| Current assets | 29/58 | €58,627 | €79,731 | +€21,104 | +36.0% |
| Amounts receivable within one year | 40/41 | €40,970 | €42,923 | +€1,953 | +4.8% |
| Trade receivables | 40 | €13,433 | €14,491 | +€1,058 | +7.9% |
| Other amounts receivable | 41 | €27,537 | €28,433 | +€895 | +3.3% |
| Cash at bank and in hand | 54/58 | €16,719 | €36,624 | +€19,906 | +119% |
| Deferred charges and accrued income | 490/1 | €939 | €184 | -€756 | -80.5% |
| Total equity and liabilities | 10/49 | €65,383 | €83,880 | +€18,496 | +28.3% |
| Equity | 10/15 | €47,624 | €65,436 | +€17,811 | +37.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,216 | €3,936 | +€2,720 | +224% |
| Non-distributable reserves | 130/1 | €1,216 | €1,216 | = | 0.0% |
| Legal reserve | 130 | €1,216 | €1,216 | = | 0.0% |
| Distributable reserves | 133 | - | €2,720 | +€2,720 | |
| Profit (loss) carried forward | 14 | -€15,091 | €0 | +€15,091 | |
| Amounts payable | 17/49 | €17,759 | €18,444 | +€685 | +3.9% |
| Amounts payable within one year | 42/48 | €17,759 | €18,444 | +€685 | +3.9% |
| Trade debts | 44 | €675 | €2,949 | +€2,274 | +337% |
| Suppliers | 440/4 | €675 | €2,949 | +€2,274 | +337% |
| Taxes, remuneration and social security | 45 | €3,362 | €6,042 | +€2,680 | +79.7% |
| Taxes | 450/3 | €3,362 | €6,042 | +€2,680 | +79.7% |
| Other amounts payable | 47/48 | €13,721 | €9,453 | -€4,269 | -31.1% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,454 | €2,607 | -€7,847 | -75.1% |
| Other operating charges | 640/8 | €929 | €1,071 | +€142 | +15.3% |
| Gross operating margin | 9900 | €32,053 | €26,750 | -€5,303 | -16.5% |
| Operating profit (loss) | 9901 | €20,670 | €23,071 | +€2,401 | +11.6% |
| Financial income | 75/76B | €928 | €927 | -€1 | -0.1% |
| Recurring financial income | 75 | €928 | €927 | -€1 | -0.1% |
| Financial charges | 65/66B | €553 | €192 | -€361 | -65.3% |
| Recurring financial charges | 65 | €553 | €192 | -€361 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €21,044 | €23,806 | +€2,761 | +13.1% |
| Income taxes | 67/77 | €4,102 | €5,995 | +€1,892 | +46.1% |
| Profit (loss) for the period | 9904 | €16,942 | €17,811 | +€869 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,942 | €17,811 | +€869 | +5.1% |
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 20 October 2026 via checked.be.