FEMOBEL: 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.
FEMOBEL
Largest movements
- Current investments +€600,000
new in 2025: €600,000
- Tangible fixed assets -€28,992
down €28,992 (-35.5%), from €81,692 to €52,701
of which Land and buildings: -€25,719
- Cash +€18,323
up €18,323 (+61.6%), from €29,738 to €48,062
mainly Net result for the year (+€594,336) and Investment in fixed assets (net) (+€28,992)
- Reserves +€546,930
up €546,930 (+887%), from €61,634 to €608,564
of which Distributable reserves: +€546,930
- Profit (loss) carried forward +€47,406
no longer reported in 2025 (was -€47,406)
- Short-term financial debts -€21,071
no longer reported in 2025 (was €21,071)
- Tax, wage and social debts +€19,508
new in 2025: €19,508
- Gross operating margin +€832,451
up €832,451 (+10,123%), from €8,223 to €840,675
- Taxes +€240,377
new in 2025: €240,377
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 | €111,431 | €702,271 | +€590,841 | +530% |
| Fixed assets | 21/28 | €81,692 | €52,701 | -€28,992 | -35.5% |
| Tangible fixed assets | 22/27 | €81,692 | €52,701 | -€28,992 | -35.5% |
| Land and buildings | 22 | €78,420 | €52,701 | -€25,719 | -32.8% |
| Plant, machinery and equipment | 23 | €3,273 | - | -€3,273 | |
| Current assets | 29/58 | €29,738 | €649,571 | +€619,832 | +2,084% |
| Amounts receivable within one year | 40/41 | - | €1,509 | +€1,509 | |
| Trade receivables | 40 | - | €1,509 | +€1,509 | |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €29,738 | €48,062 | +€18,323 | +61.6% |
| Total equity and liabilities | 10/49 | €111,431 | €702,271 | +€590,841 | +530% |
| Equity | 10/15 | €88,427 | €682,764 | +€594,336 | +672% |
| Contributions | 10/11 | €74,200 | €74,200 | = | 0.0% |
| Capital | 10 | €74,200 | €74,200 | = | 0.0% |
| Issued capital | 100 | €74,200 | €74,200 | = | 0.0% |
| Reserves | 13 | €61,634 | €608,564 | +€546,930 | +887% |
| Non-distributable reserves | 130/1 | €13,500 | €13,500 | = | 0.0% |
| Legal reserve | 130 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €48,134 | €595,064 | +€546,930 | +1,136% |
| Profit (loss) carried forward | 14 | -€47,406 | - | +€47,406 | |
| Amounts payable | 17/49 | €23,003 | €19,508 | -€3,496 | -15.2% |
| Amounts payable within one year | 42/48 | €21,318 | €19,508 | -€1,810 | -8.5% |
| Financial debts | 43 | €21,071 | - | -€21,071 | |
| Other loans | 439 | €21,071 | - | -€21,071 | |
| Trade debts | 44 | €247 | - | -€247 | |
| Suppliers | 440/4 | €247 | - | -€247 | |
| Taxes, remuneration and social security | 45 | - | €19,508 | +€19,508 | |
| Taxes | 450/3 | - | €19,508 | +€19,508 | |
| Accrued charges and deferred income | 492/3 | €1,686 | - | -€1,686 | |
| Non-recurring operating income | 76A | - | €861,859 | +€861,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,481 | - | -€1,481 | |
| Other operating charges | 640/8 | €6,946 | €7,964 | +€1,018 | +14.7% |
| Gross operating margin | 9900 | €8,223 | €840,675 | +€832,451 | +10,123% |
| Operating profit (loss) | 9901 | -€204 | €832,710 | +€832,915 | |
| Financial income | 75/76B | €11 | €2,910 | +€2,899 | +25,316% |
| Recurring financial income | 75 | €11 | €2,910 | +€2,899 | +25,316% |
| Financial charges | 65/66B | €1,748 | €907 | -€841 | -48.1% |
| Recurring financial charges | 65 | €1,748 | €907 | -€841 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,941 | €834,713 | +€836,654 | |
| Income taxes | 67/77 | - | €240,377 | +€240,377 | |
| Profit (loss) for the period | 9904 | -€1,941 | €594,336 | +€596,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,941 | €594,336 | +€596,277 |
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.