FEMTE: 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.
FEMTE
Largest movements
- Current investments +€513,831
new in 2026: €513,831
- Financial fixed assets -€248,478
no longer reported in 2026 (was €248,478)
- Cash -€53,296
down €53,296 (-21.8%), from €244,307 to €191,011
mainly Current investments (-€513,831) and Receivables within one year (-€30,250)
- Receivables within one year +€30,250
new in 2026: €30,250
- Tangible fixed assets +€24,729
up €24,729 (+288.5%), from €8,571 to €33,300
- Reserves +€169,100
up €169,100 (+35.4%), from €477,347 to €646,446
- Tax, wage and social debts +€73,555
up €73,555 (+777.5%), from €9,460 to €83,015
- Short-term financial debts +€22,424
new in 2026: €22,424
- Gross operating margin -€12,043
down €12,043 (-4.5%), from €267,295 to €255,252
- Financial income +€4,756
up €4,756 (+38.8%), from €12,270 to €17,026
- Taxes -€2,674
down €2,674 (-3.1%), from €86,592 to €83,918
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.
Cash bridge derived
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 | €501,356 | €768,392 | +€267,036 | +53.3% |
| Fixed assets | 21/28 | €257,049 | €33,300 | -€223,749 | -87.0% |
| Tangible fixed assets | 22/27 | €8,571 | €33,300 | +€24,729 | +288.5% |
| Furniture and vehicles | 24 | €8,571 | €33,300 | +€24,729 | +288.5% |
| Financial fixed assets | 28 | €248,478 | - | -€248,478 | |
| Current assets | 29/58 | €244,307 | €735,092 | +€490,785 | +200.9% |
| Amounts receivable within one year | 40/41 | - | €30,250 | +€30,250 | |
| Trade receivables | 40 | - | €30,250 | +€30,250 | |
| Current investments | 50/53 | - | €513,831 | +€513,831 | |
| Cash at bank and in hand | 54/58 | €244,307 | €191,011 | -€53,296 | -21.8% |
| Total equity and liabilities | 10/49 | €501,356 | €768,392 | +€267,036 | +53.3% |
| Equity | 10/15 | €487,347 | €656,446 | +€169,100 | +34.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €477,347 | €646,446 | +€169,100 | +35.4% |
| Distributable reserves | 133 | €477,347 | €646,446 | +€169,100 | +35.4% |
| Amounts payable | 17/49 | €14,010 | €111,946 | +€97,936 | +699.1% |
| Amounts payable within one year | 42/48 | €14,010 | €111,946 | +€97,936 | +699.1% |
| Financial debts | 43 | - | €22,424 | +€22,424 | |
| Credit institutions | 430/8 | - | €22,424 | +€22,424 | |
| Trade debts | 44 | €363 | €2,376 | +€2,013 | +554.5% |
| Suppliers | 440/4 | €363 | €2,376 | +€2,013 | +554.5% |
| Taxes, remuneration and social security | 45 | €9,460 | €83,015 | +€73,555 | +777.5% |
| Taxes | 450/3 | €9,460 | €83,015 | +€73,555 | +777.5% |
| Other amounts payable | 47/48 | €4,186 | €4,131 | -€56 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,630 | €12,110 | +€480 | +4.1% |
| Other operating charges | 640/8 | €1,262 | €3,870 | +€2,608 | +206.7% |
| Gross operating margin | 9900 | €267,295 | €255,252 | -€12,043 | -4.5% |
| Operating profit (loss) | 9901 | €254,402 | €239,272 | -€15,131 | -5.9% |
| Financial income | 75/76B | €12,270 | €17,026 | +€4,756 | +38.8% |
| Recurring financial income | 75 | €12,270 | €17,026 | +€4,756 | +38.8% |
| Financial charges | 65/66B | €1,340 | €3,281 | +€1,941 | +144.9% |
| Recurring financial charges | 65 | €1,340 | €3,281 | +€1,941 | +144.9% |
| Profit (loss) for the period before taxes | 9903 | €265,333 | €253,017 | -€12,316 | -4.6% |
| Income taxes | 67/77 | €86,592 | €83,918 | -€2,674 | -3.1% |
| Profit (loss) for the period | 9904 | €178,742 | €169,100 | -€9,642 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €178,742 | €169,100 | -€9,642 | -5.4% |
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 9 October 2026 via checked.be.