FENEXEWA: 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.
FENEXEWA
Largest movements
- Cash -€136,964
down €136,964 (-88.0%), from €155,657 to €18,693
mainly Contributions, distributions and other (-€148,343) and Other debts (-€92,927)
- Current investments +€50,000
new in 2025: €50,000
- Other debts -€92,927
down €92,927 (-64.4%), from €144,219 to €51,291
- Tax, wage and social debts +€3,503
up €3,503 (+26.5%), from €13,215 to €16,717
- Depreciation -€13,216
down €13,216 (-100%), from €13,216 to €0
- Gross operating margin -€6,093
down €6,093 (-3.1%), from €198,667 to €192,574
- Financial income -€2,815
down €2,815 (-58.8%), from €4,783 to €1,969
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 | €162,651 | €73,315 | -€89,336 | -54.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €162,651 | €73,315 | -€89,336 | -54.9% |
| Amounts receivable within one year | 40/41 | €1,214 | €0 | -€1,214 | -100% |
| Other amounts receivable | 41 | €1,214 | €0 | -€1,214 | -100% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €155,657 | €18,693 | -€136,964 | -88.0% |
| Deferred charges and accrued income | 490/1 | €5,780 | €4,622 | -€1,158 | -20.0% |
| Total equity and liabilities | 10/49 | €162,651 | €73,315 | -€89,336 | -54.9% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €157,651 | €68,315 | -€89,336 | -56.7% |
| Amounts payable within one year | 42/48 | €157,651 | €68,315 | -€89,336 | -56.7% |
| Trade debts | 44 | €217 | €306 | +€89 | +41.1% |
| Suppliers | 440/4 | €217 | €306 | +€89 | +41.1% |
| Taxes, remuneration and social security | 45 | €13,215 | €16,717 | +€3,503 | +26.5% |
| Taxes | 450/3 | €13,215 | €16,717 | +€3,503 | +26.5% |
| Other amounts payable | 47/48 | €144,219 | €51,291 | -€92,927 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,216 | €0 | -€13,216 | -100% |
| Other operating charges | 640/8 | €1,320 | €1,550 | +€229 | +17.4% |
| Gross operating margin | 9900 | €198,667 | €192,574 | -€6,093 | -3.1% |
| Operating profit (loss) | 9901 | €184,131 | €191,024 | +€6,893 | +3.7% |
| Financial income | 75/76B | €4,783 | €1,969 | -€2,815 | -58.8% |
| Recurring financial income | 75 | €4,783 | €1,969 | -€2,815 | -58.8% |
| Financial charges | 65/66B | €66 | €66 | = | 0.0% |
| Recurring financial charges | 65 | €66 | €66 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €188,848 | €192,927 | +€4,079 | +2.2% |
| Income taxes | 67/77 | €45,224 | €44,584 | -€639 | -1.4% |
| Profit (loss) for the period | 9904 | €143,624 | €148,343 | +€4,718 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €143,624 | €148,343 | +€4,718 | +3.3% |
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 18 October 2026 via checked.be.