FEMICS: 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.
FEMICS
Largest movements
- Receivables within one year +€71,039
up €71,039 (+77.2%), from €92,054 to €163,093
of which Other amounts receivable: +€73,327
- Cash -€37,993
down €37,993 (-80.7%), from €47,060 to €9,067
mainly Receivables within one year (-€71,039) and Net result for the year (-€4,110)
- Tax, wage and social debts +€18,831
up €18,831 (+39.5%), from €47,627 to €66,458
- Trade debts +€17,989
up €17,989 (+54.6%), from €32,943 to €50,932
- Profit (loss) carried forward -€4,110
down €4,110 (-16.4%), from €25,033 to €20,923
- Gross operating margin +€12,491
up €12,491, from -€5,668 to €6,823
- Financial charges +€5,403
up €5,403 (+242%), from €2,236 to €7,639
- Financial income -€4,060
down €4,060 (-47.8%), from €8,493 to €4,432
- Other operating charges -€512
down €512 (-47.8%), from €1,073 to €560
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 | €139,449 | €172,159 | +€32,710 | +23.5% |
| Fixed assets | 21/28 | €336 | - | -€336 | |
| Tangible fixed assets | 22/27 | €336 | - | -€336 | |
| Furniture and vehicles | 24 | €336 | - | -€336 | |
| Current assets | 29/58 | €139,114 | €172,159 | +€33,046 | +23.8% |
| Amounts receivable within one year | 40/41 | €92,054 | €163,093 | +€71,039 | +77.2% |
| Trade receivables | 40 | €12,979 | €10,691 | -€2,288 | -17.6% |
| Other amounts receivable | 41 | €79,074 | €152,402 | +€73,327 | +92.7% |
| Cash at bank and in hand | 54/58 | €47,060 | €9,067 | -€37,993 | -80.7% |
| Total equity and liabilities | 10/49 | €139,449 | €172,159 | +€32,710 | +23.5% |
| Equity | 10/15 | €58,880 | €54,770 | -€4,110 | -7.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,255 | €15,255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €13,396 | €13,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,033 | €20,923 | -€4,110 | -16.4% |
| Amounts payable | 17/49 | €80,570 | €117,390 | +€36,820 | +45.7% |
| Amounts payable within one year | 42/48 | €80,570 | €117,390 | +€36,820 | +45.7% |
| Trade debts | 44 | €32,943 | €50,932 | +€17,989 | +54.6% |
| Suppliers | 440/4 | €32,943 | €50,932 | +€17,989 | +54.6% |
| Taxes, remuneration and social security | 45 | €47,627 | €66,458 | +€18,831 | +39.5% |
| Taxes | 450/3 | €47,627 | €66,458 | +€18,831 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335 | €336 | +€1 | +0.3% |
| Other operating charges | 640/8 | €1,073 | €560 | -€512 | -47.8% |
| Non-recurring operating charges | 66A | €150 | €4,424 | +€4,274 | +2,849% |
| Gross operating margin | 9900 | -€5,668 | €6,823 | +€12,491 | |
| Operating profit (loss) | 9901 | -€7,225 | €1,504 | +€8,729 | |
| Financial income | 75/76B | €8,493 | €4,432 | -€4,060 | -47.8% |
| Recurring financial income | 75 | €8,493 | €4,432 | -€4,060 | -47.8% |
| Financial charges | 65/66B | €2,236 | €7,639 | +€5,403 | +242% |
| Recurring financial charges | 65 | €2,236 | €7,639 | +€5,403 | +242% |
| Profit (loss) for the period before taxes | 9903 | -€968 | -€1,703 | -€735 | -75.9% |
| Income taxes | 67/77 | €2,461 | €2,407 | -€53 | -2.2% |
| Profit (loss) for the period | 9904 | -€3,429 | -€4,110 | -€681 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,429 | -€4,110 | -€681 | -19.9% |
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 17 October 2026 via checked.be.