FENEXX: 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.
FENEXX
Largest movements
- Cash +€37,848
up €37,848 (+322%), from €11,768 to €49,616
mainly Net result for the year (+€27,428) and Receivables within one year (+€8,154)
- Receivables within one year -€8,154
down €8,154 (-44.5%), from €18,333 to €10,179
- Reserves +€27,428
up €27,428 (+176%), from €15,579 to €43,007
- Tax, wage and social debts +€1,574
up €1,574 (+28.8%), from €5,475 to €7,049
- Trade debts +€1,354
up €1,354 (+70.1%), from €1,933 to €3,287
- Gross operating margin +€14,037
up €14,037 (+62.0%), from €22,631 to €36,669
- Taxes +€1,574
up €1,574 (+28.8%), from €5,475 to €7,049
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 | €76,041 | €106,085 | +€30,044 | +39.5% |
| Fixed assets | 21/28 | €44,233 | €44,087 | -€146 | -0.3% |
| Tangible fixed assets | 22/27 | €3,733 | €3,587 | -€146 | -3.9% |
| Plant, machinery and equipment | 23 | €3,733 | €3,030 | -€703 | -18.8% |
| Furniture and vehicles | 24 | - | €557 | +€557 | |
| Financial fixed assets | 28 | €40,500 | €40,500 | = | 0.0% |
| Current assets | 29/58 | €31,808 | €61,998 | +€30,191 | +94.9% |
| Amounts receivable within one year | 40/41 | €18,333 | €10,179 | -€8,154 | -44.5% |
| Trade receivables | 40 | €18,333 | €10,179 | -€8,154 | -44.5% |
| Cash at bank and in hand | 54/58 | €11,768 | €49,616 | +€37,848 | +322% |
| Deferred charges and accrued income | 490/1 | €1,706 | €2,203 | +€497 | +29.1% |
| Total equity and liabilities | 10/49 | €76,041 | €106,085 | +€30,044 | +39.5% |
| Equity | 10/15 | €60,579 | €88,007 | +€27,428 | +45.3% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €15,579 | €43,007 | +€27,428 | +176% |
| Distributable reserves | 133 | €15,579 | €43,007 | +€27,428 | +176% |
| Amounts payable | 17/49 | €15,462 | €18,078 | +€2,616 | +16.9% |
| Amounts payable within one year | 42/48 | €14,645 | €17,491 | +€2,846 | +19.4% |
| Trade debts | 44 | €1,933 | €3,287 | +€1,354 | +70.1% |
| Suppliers | 440/4 | €1,933 | €3,287 | +€1,354 | +70.1% |
| Taxes, remuneration and social security | 45 | €5,475 | €7,049 | +€1,574 | +28.8% |
| Taxes | 450/3 | €5,475 | €7,049 | +€1,574 | +28.8% |
| Other amounts payable | 47/48 | €7,238 | €7,155 | -€82 | -1.1% |
| Accrued charges and deferred income | 492/3 | €817 | €587 | -€229 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642 | €946 | +€305 | +47.5% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Non-recurring operating charges | 66A | - | €457 | +€457 | |
| Gross operating margin | 9900 | €22,631 | €36,669 | +€14,037 | +62.0% |
| Operating profit (loss) | 9901 | €21,990 | €35,200 | +€13,210 | +60.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.0% |
| Financial charges | 65/66B | €938 | €723 | -€215 | -22.9% |
| Recurring financial charges | 65 | €938 | €723 | -€215 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €21,054 | €34,477 | +€13,423 | +63.8% |
| Income taxes | 67/77 | €5,475 | €7,049 | +€1,574 | +28.8% |
| Profit (loss) for the period | 9904 | €15,579 | €27,428 | +€11,848 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,579 | €27,428 | +€11,848 | +76.1% |
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 13 October 2026 via checked.be.