Femka: what changed
Two fiscal 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.
Femka
Largest movements
- Receivables within one year -€35,695
down €35,695 (-48.5%), from €73,532 to €37,837
of which Other amounts receivable: -€30,786
- Tangible fixed assets -€31,404
down €31,404 (-19.9%), from €157,994 to €126,590
of which Furniture and vehicles: -€16,885
- Cash +€16,429
up €16,429 (+30.5%), from €53,859 to €70,288
mainly Receivables within one year (+€35,695) and Depreciation (+€32,643)
- Financial fixed assets -€4,050
down €4,050 (-100.0%), from €4,050 to €0
- Reserves -€40,891
down €40,891 (-21.2%), from €193,157 to €152,266
- Debts after one year -€19,306
down €19,306 (-20.2%), from €95,535 to €76,229
of which Financial debts: -€13,606
- Tax, wage and social debts +€3,147
up €3,147 (+167.3%), from €1,880 to €5,027
- Gross operating margin -€4,086
down €4,086 (-9.2%), from €44,213 to €40,126
- Depreciation +€4,019
up €4,019 (+14.0%), from €28,624 to €32,643
- Staff costs -€1,872
down €1,872 (-100.0%), from €1,872 to €0
- Financial charges -€1,769
down €1,769 (-26.4%), from €6,690 to €4,921
- Other operating charges +€476
up €476 (+25.9%), from €1,837 to €2,312
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 | €295,184 | €237,479 | -€57,705 | -19.5% |
| Fixed assets | 21/28 | €162,044 | €126,590 | -€35,454 | -21.9% |
| Tangible fixed assets | 22/27 | €157,994 | €126,590 | -€31,404 | -19.9% |
| Land and buildings | 22 | €90,935 | €76,710 | -€14,226 | -15.6% |
| Plant, machinery and equipment | 23 | €14,762 | €13,445 | -€1,317 | -8.9% |
| Furniture and vehicles | 24 | €51,470 | €34,585 | -€16,885 | -32.8% |
| Other tangible fixed assets | 26 | €827 | €1,851 | +€1,024 | +123.7% |
| Financial fixed assets | 28 | €4,050 | €0 | -€4,050 | -100.0% |
| Current assets | 29/58 | €133,140 | €110,888 | -€22,251 | -16.7% |
| Amounts receivable after more than one year | 29 | €2,778 | €0 | -€2,778 | -100.0% |
| Other amounts receivable | 291 | €2,778 | €0 | -€2,778 | -100.0% |
| Amounts receivable within one year | 40/41 | €73,532 | €37,837 | -€35,695 | -48.5% |
| Trade receivables | 40 | €25,592 | €20,683 | -€4,909 | -19.2% |
| Other amounts receivable | 41 | €47,940 | €17,154 | -€30,786 | -64.2% |
| Cash at bank and in hand | 54/58 | €53,859 | €70,288 | +€16,429 | +30.5% |
| Deferred charges and accrued income | 490/1 | €2,971 | €2,764 | -€207 | -7.0% |
| Total equity and liabilities | 10/49 | €295,184 | €237,479 | -€57,705 | -19.5% |
| Equity | 10/15 | €182,303 | €141,456 | -€40,846 | -22.4% |
| Reserves | 13 | €193,157 | €152,266 | -€40,891 | -21.2% |
| Distributable reserves | 133 | €193,157 | €152,266 | -€40,891 | -21.2% |
| Profit (loss) carried forward | 14 | -€10,854 | -€10,810 | +€44 | +0.4% |
| Amounts payable | 17/49 | €112,881 | €96,022 | -€16,859 | -14.9% |
| Amounts payable after more than one year | 17 | €95,535 | €76,229 | -€19,306 | -20.2% |
| Financial debts | 170/4 | €89,835 | €76,229 | -€13,606 | -15.1% |
| Other amounts payable | 178/9 | €5,700 | €0 | -€5,700 | -100.0% |
| Amounts payable within one year | 42/48 | €17,346 | €19,793 | +€2,447 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €14,087 | €14,713 | +€627 | +4.4% |
| Trade debts | 44 | €1,379 | €53 | -€1,326 | -96.2% |
| Suppliers | 440/4 | €1,379 | €53 | -€1,326 | -96.2% |
| Taxes, remuneration and social security | 45 | €1,880 | €5,027 | +€3,147 | +167.3% |
| Taxes | 450/3 | €1,880 | €5,027 | +€3,147 | +167.3% |
| Remuneration, social security and pensions | 62 | €1,872 | €0 | -€1,872 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,624 | €32,643 | +€4,019 | +14.0% |
| Other operating charges | 640/8 | €1,837 | €2,312 | +€476 | +25.9% |
| Gross operating margin | 9900 | €44,213 | €40,126 | -€4,086 | -9.2% |
| Operating profit (loss) | 9901 | €11,880 | €5,171 | -€6,709 | -56.5% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €6,690 | €4,921 | -€1,769 | -26.4% |
| Recurring financial charges | 65 | €6,690 | €4,921 | -€1,769 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €5,190 | €270 | -€4,920 | -94.8% |
| Income taxes | 67/77 | €171 | €225 | +€54 | +31.5% |
| Profit (loss) for the period | 9904 | €5,018 | €44 | -€4,974 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,018 | €44 | -€4,974 | -99.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.