FENG MENG: 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 MENG
Largest movements
- Cash +€13,174
up €13,174 (+41.2%), from €31,947 to €45,121
mainly Trade debts (+€13,571) and Net result for the year (+€6,337)
- Receivables within one year +€7,414
up €7,414 (+28.0%), from €26,447 to €33,861
of which Other amounts receivable: +€7,439
- Tangible fixed assets +€1,326
up €1,326 (+23.3%), from €5,687 to €7,013
of which Plant, machinery and equipment: +€1,528
- Trade debts +€13,571
up €13,571 (+607.0%), from €2,236 to €15,807
- Reserves +€6,337
up €6,337 (+11.6%), from €54,636 to €60,973
- Tax, wage and social debts +€1,360
up €1,360 (+22.3%), from €6,108 to €7,468
of which Remuneration and social security: +€1,300
- Gross operating margin -€26,327
down €26,327 (-51.7%), from €50,883 to €24,556
- Staff costs -€1,191
down €1,191 (-10.3%), from €11,588 to €10,397
- Depreciation +€600
up €600 (+35.2%), from €1,703 to €2,303
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 | €69,180 | €90,448 | +€21,268 | +30.7% |
| Fixed assets | 21/28 | €5,687 | €7,013 | +€1,326 | +23.3% |
| Tangible fixed assets | 22/27 | €5,687 | €7,013 | +€1,326 | +23.3% |
| Plant, machinery and equipment | 23 | €3,521 | €5,049 | +€1,528 | +43.4% |
| Furniture and vehicles | 24 | - | €533 | +€533 | |
| Other tangible fixed assets | 26 | €2,165 | €1,431 | -€735 | -33.9% |
| Current assets | 29/58 | €63,493 | €83,435 | +€19,942 | +31.4% |
| Stocks and contracts in progress | 3 | €4,641 | €3,915 | -€725 | -15.6% |
| Stocks | 30/36 | €4,641 | €3,915 | -€725 | -15.6% |
| Amounts receivable within one year | 40/41 | €26,447 | €33,861 | +€7,414 | +28.0% |
| Trade receivables | 40 | €1,330 | €1,304 | -€25 | -1.9% |
| Other amounts receivable | 41 | €25,117 | €32,557 | +€7,439 | +29.6% |
| Cash at bank and in hand | 54/58 | €31,947 | €45,121 | +€13,174 | +41.2% |
| Deferred charges and accrued income | 490/1 | €459 | €538 | +€79 | +17.2% |
| Total equity and liabilities | 10/49 | €69,180 | €90,448 | +€21,268 | +30.7% |
| Equity | 10/15 | €60,836 | €67,173 | +€6,337 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,636 | €60,973 | +€6,337 | +11.6% |
| Distributable reserves | 133 | €54,636 | €60,973 | +€6,337 | +11.6% |
| Amounts payable | 17/49 | €8,344 | €23,275 | +€14,931 | +179.0% |
| Amounts payable within one year | 42/48 | €8,344 | €23,275 | +€14,931 | +179.0% |
| Trade debts | 44 | €2,236 | €15,807 | +€13,571 | +607.0% |
| Suppliers | 440/4 | €2,236 | €15,807 | +€13,571 | +607.0% |
| Taxes, remuneration and social security | 45 | €6,108 | €7,468 | +€1,360 | +22.3% |
| Taxes | 450/3 | €2,868 | €2,928 | +€61 | +2.1% |
| Remuneration and social security | 454/9 | €3,240 | €4,540 | +€1,300 | +40.1% |
| Remuneration, social security and pensions | 62 | €11,588 | €10,397 | -€1,191 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,703 | €2,303 | +€600 | +35.2% |
| Other operating charges | 640/8 | €1,358 | €1,330 | -€28 | -2.1% |
| Non-recurring operating charges | 66A | €5,620 | - | -€5,620 | |
| Gross operating margin | 9900 | €50,883 | €24,556 | -€26,327 | -51.7% |
| Operating profit (loss) | 9901 | €30,614 | €10,526 | -€20,088 | -65.6% |
| Financial income | 75/76B | €17 | €3 | -€14 | -81.3% |
| Recurring financial income | 75 | €17 | €3 | -€14 | -81.3% |
| Financial charges | 65/66B | €1,205 | €1,264 | +€60 | +5.0% |
| Recurring financial charges | 65 | €1,205 | €1,264 | +€60 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €29,426 | €9,265 | -€20,161 | -68.5% |
| Income taxes | 67/77 | €2,955 | €2,928 | -€26 | -0.9% |
| Profit (loss) for the period | 9904 | €26,471 | €6,337 | -€20,135 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,471 | €6,337 | -€20,135 | -76.1% |
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 8 October 2026 via checked.be.