FEMOVA: 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.
FEMOVA
Largest movements
- Cash +€105,222
up €105,222 (+1,662%), from €6,332 to €111,553
mainly Net result for the year (+€167,393) and Accrued charges and deferred income (+€12,823)
- Tangible fixed assets -€7,881
down €7,881 (-17.7%), from €44,471 to €36,590
of which Furniture and vehicles: -€7,390
- Reserves +€81,727
up €81,727 (+35.9%), from €227,659 to €309,386
- Accrued charges and deferred income +€12,823
up €12,823 (+135%), from €9,473 to €22,296
- Financial income +€45,978
up €45,978 (+27.9%), from €164,646 to €210,625
- Financial charges +€16,252
up €16,252 (+165%), from €9,880 to €26,132
- Gross operating margin -€6,915
down €6,915, from €6,882 to -€33
- Taxes +€6,826
up €6,826 (+507%), from €1,347 to €8,173
- Other operating charges -€1,906
down €1,906 (-65.3%), from €2,919 to €1,013
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €555,249 | €648,171 | +€92,922 | +16.7% |
| Fixed assets | 21/28 | €49,063 | €41,182 | -€7,881 | -16.1% |
| Tangible fixed assets | 22/27 | €44,471 | €36,590 | -€7,881 | -17.7% |
| Furniture and vehicles | 24 | €29,742 | €22,352 | -€7,390 | -24.8% |
| Other tangible fixed assets | 26 | €14,728 | €14,238 | -€491 | -3.3% |
| Financial fixed assets | 28 | €4,592 | €4,592 | = | 0.0% |
| Current assets | 29/58 | €506,186 | €606,989 | +€100,803 | +19.9% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,761 | €6,900 | +€1,139 | +19.8% |
| Trade receivables | 40 | €4,900 | €6,900 | +€2,000 | +40.8% |
| Other amounts receivable | 41 | €861 | - | -€861 | |
| Current investments | 50/53 | €190,000 | €184,451 | -€5,549 | -2.9% |
| Cash at bank and in hand | 54/58 | €6,332 | €111,553 | +€105,222 | +1,662% |
| Deferred charges and accrued income | 490/1 | €4,094 | €4,085 | -€9 | -0.2% |
| Total equity and liabilities | 10/49 | €555,249 | €648,171 | +€92,922 | +16.7% |
| Equity | 10/15 | €228,659 | €310,386 | +€81,727 | +35.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €227,659 | €309,386 | +€81,727 | +35.9% |
| Distributable reserves | 133 | €227,659 | €309,386 | +€81,727 | +35.9% |
| Amounts payable | 17/49 | €326,590 | €337,785 | +€11,195 | +3.4% |
| Amounts payable after more than one year | 17 | €315,000 | €309,031 | -€5,969 | -1.9% |
| Other amounts payable | 178/9 | €315,000 | €309,031 | -€5,969 | -1.9% |
| Amounts payable within one year | 42/48 | €2,117 | €6,458 | +€4,341 | +205% |
| Trade debts | 44 | €399 | €120 | -€279 | -69.9% |
| Suppliers | 440/4 | €399 | €120 | -€279 | -69.9% |
| Taxes, remuneration and social security | 45 | - | €4,672 | +€4,672 | |
| Taxes | 450/3 | - | €4,672 | +€4,672 | |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Accrued charges and deferred income | 492/3 | €9,473 | €22,296 | +€12,823 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,215 | €7,881 | +€666 | +9.2% |
| Other operating charges | 640/8 | €2,919 | €1,013 | -€1,906 | -65.3% |
| Gross operating margin | 9900 | €6,882 | -€33 | -€6,915 | |
| Operating profit (loss) | 9901 | -€3,252 | -€8,927 | -€5,675 | -175% |
| Financial income | 75/76B | €164,646 | €210,625 | +€45,978 | +27.9% |
| Recurring financial income | 75 | €164,646 | €210,625 | +€45,978 | +27.9% |
| Financial charges | 65/66B | €9,880 | €26,132 | +€16,252 | +165% |
| Recurring financial charges | 65 | €9,880 | €26,132 | +€16,252 | +165% |
| Profit (loss) for the period before taxes | 9903 | €151,515 | €175,565 | +€24,051 | +15.9% |
| Income taxes | 67/77 | €1,347 | €8,173 | +€6,826 | +507% |
| Profit (loss) for the period | 9904 | €150,168 | €167,393 | +€17,225 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €150,168 | €167,393 | +€17,225 | +11.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.