FENG LING: what changed
Two fiscal 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.
FENG LING
Largest movements
- Cash +€96,731
up €96,731 (+66.0%), from €146,631 to €243,362
mainly Net result for the year (+€71,390) and Depreciation (+€24,783)
- Stocks and contracts +€10,353
up €10,353 (+68.0%), from €15,228 to €25,581
- Tangible fixed assets -€5,536
down €5,536 (-6.0%), from €91,852 to €86,315
of which Furniture and vehicles: -€11,555
- Reserves +€71,390
up €71,390 (+63.9%), from €111,795 to €183,185
- Tax, wage and social debts +€14,980
up €14,980 (+43.2%), from €34,701 to €49,682
of which Taxes: +€11,897
- Trade debts +€14,284
up €14,284 (+345.4%), from €4,136 to €18,419
- Gross operating margin +€30,971
up €30,971 (+14.9%), from €208,015 to €238,986
- Depreciation +€15,710
up €15,710 (+173.1%), from €9,073 to €24,783
- Taxes +€11,852
up €11,852 (+69.6%), from €17,028 to €28,880
- Financial income -€5,766
down €5,766 (-99.4%), from €5,801 to €35
of which Non-recurring financial income: -€5,800
- Staff costs -€3,758
down €3,758 (-3.3%), from €114,868 to €111,111
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.
Cash bridge derived
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 | €263,896 | €362,804 | +€98,908 | +37.5% |
| Fixed assets | 21/28 | €92,922 | €87,385 | -€5,536 | -6.0% |
| Tangible fixed assets | 22/27 | €91,852 | €86,315 | -€5,536 | -6.0% |
| Plant, machinery and equipment | 23 | €1,891 | €15,699 | +€13,809 | +730.4% |
| Furniture and vehicles | 24 | €32,143 | €20,588 | -€11,555 | -36.0% |
| Other tangible fixed assets | 26 | €57,818 | €50,029 | -€7,789 | -13.5% |
| Financial fixed assets | 28 | €1,070 | €1,070 | = | 0.0% |
| Current assets | 29/58 | €170,974 | €275,419 | +€104,445 | +61.1% |
| Stocks and contracts in progress | 3 | €15,228 | €25,581 | +€10,353 | +68.0% |
| Stocks | 30/36 | €15,228 | €25,581 | +€10,353 | +68.0% |
| Amounts receivable within one year | 40/41 | €7,937 | €5,709 | -€2,228 | -28.1% |
| Trade receivables | 40 | €7,937 | - | -€7,937 | |
| Other amounts receivable | 41 | - | €5,709 | +€5,709 | |
| Cash at bank and in hand | 54/58 | €146,631 | €243,362 | +€96,731 | +66.0% |
| Deferred charges and accrued income | 490/1 | €1,177 | €767 | -€411 | -34.9% |
| Total equity and liabilities | 10/49 | €263,896 | €362,804 | +€98,908 | +37.5% |
| Equity | 10/15 | €222,145 | €293,535 | +€71,390 | +32.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €111,795 | €183,185 | +€71,390 | +63.9% |
| Distributable reserves | 133 | €111,795 | €183,185 | +€71,390 | +63.9% |
| Profit (loss) carried forward | 14 | €104,152 | €104,152 | = | 0.0% |
| Amounts payable | 17/49 | €41,751 | €69,269 | +€27,518 | +65.9% |
| Amounts payable within one year | 42/48 | €41,737 | €69,269 | +€27,532 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €519 | €517 | -€2 | -0.4% |
| Trade debts | 44 | €4,136 | €18,419 | +€14,284 | +345.4% |
| Suppliers | 440/4 | €4,136 | €18,419 | +€14,284 | +345.4% |
| Taxes, remuneration and social security | 45 | €34,701 | €49,682 | +€14,980 | +43.2% |
| Taxes | 450/3 | €15,488 | €27,384 | +€11,897 | +76.8% |
| Remuneration and social security | 454/9 | €19,214 | €22,297 | +€3,084 | +16.1% |
| Other amounts payable | 47/48 | €2,381 | €650 | -€1,730 | -72.7% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Remuneration, social security and pensions | 62 | €114,868 | €111,111 | -€3,758 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,073 | €24,783 | +€15,710 | +173.1% |
| Other operating charges | 640/8 | €1,005 | €1,385 | +€381 | +37.9% |
| Gross operating margin | 9900 | €208,015 | €238,986 | +€30,971 | +14.9% |
| Operating profit (loss) | 9901 | €83,069 | €101,708 | +€18,639 | +22.4% |
| Financial income | 75/76B | €5,801 | €35 | -€5,766 | -99.4% |
| Recurring financial income | 75 | €1 | €35 | +€34 | +3322.5% |
| Non-recurring financial income | 76B | €5,800 | - | -€5,800 | |
| Financial charges | 65/66B | €2,676 | €1,472 | -€1,203 | -45.0% |
| Recurring financial charges | 65 | €2,676 | €1,472 | -€1,203 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €86,194 | €100,270 | +€14,076 | +16.3% |
| Income taxes | 67/77 | €17,028 | €28,880 | +€11,852 | +69.6% |
| Profit (loss) for the period | 9904 | €69,167 | €71,390 | +€2,224 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,167 | €71,390 | +€2,224 | +3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.