FENICS: 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.
FENICS
Largest movements
- Cash +€30,240
up €30,240 (+29.3%), from €103,228 to €133,468
mainly Net result for the year (+€29,493) and Tax, wage and social debts (+€7,689)
- Reserves +€29,493
up €29,493 (+16.8%), from €175,936 to €205,429
- Tax, wage and social debts +€7,689
up €7,689 (+284.3%), from €2,704 to €10,393
- Trade debts -€4,101
down €4,101 (-75.3%), from €5,443 to €1,342
- Gross operating margin +€21,166
up €21,166 (+77.0%), from €27,502 to €48,668
- Taxes +€6,480
up €6,480 (+64.3%), from €10,079 to €16,559
- Other operating charges -€1,581
down €1,581 (-55.9%), from €2,827 to €1,245
- Financial income +€861
up €861 (+85.6%), from €1,006 to €1,867
- Depreciation -€567
down €567 (-15.6%), from €3,624 to €3,057
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 | €198,990 | €229,563 | +€30,573 | +15.4% |
| Fixed assets | 21/28 | €41,051 | €42,494 | +€1,443 | +3.5% |
| Tangible fixed assets | 22/27 | €41,051 | €42,494 | +€1,443 | +3.5% |
| Land and buildings | 22 | €20,344 | €18,129 | -€2,214 | -10.9% |
| Furniture and vehicles | 24 | €3,148 | €2,305 | -€843 | -26.8% |
| Other tangible fixed assets | 26 | €17,560 | €22,060 | +€4,500 | +25.6% |
| Current assets | 29/58 | €157,939 | €187,069 | +€29,130 | +18.4% |
| Amounts receivable within one year | 40/41 | €45,225 | €45,019 | -€207 | -0.5% |
| Trade receivables | 40 | €16,096 | €15,502 | -€594 | -3.7% |
| Other amounts receivable | 41 | €29,129 | €29,517 | +€388 | +1.3% |
| Current investments | 50/53 | €7,000 | €7,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,228 | €133,468 | +€30,240 | +29.3% |
| Deferred charges and accrued income | 490/1 | €2,485 | €1,582 | -€903 | -36.3% |
| Total equity and liabilities | 10/49 | €198,990 | €229,563 | +€30,573 | +15.4% |
| Equity | 10/15 | €188,336 | €217,829 | +€29,493 | +15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €175,936 | €205,429 | +€29,493 | +16.8% |
| Distributable reserves | 133 | €175,936 | €205,429 | +€29,493 | +16.8% |
| Amounts payable | 17/49 | €10,654 | €11,734 | +€1,080 | +10.1% |
| Amounts payable within one year | 42/48 | €9,154 | €11,734 | +€2,580 | +28.2% |
| Trade debts | 44 | €5,443 | €1,342 | -€4,101 | -75.3% |
| Suppliers | 440/4 | €5,443 | €1,342 | -€4,101 | -75.3% |
| Taxes, remuneration and social security | 45 | €2,704 | €10,393 | +€7,689 | +284.3% |
| Taxes | 450/3 | €2,704 | €10,393 | +€7,689 | +284.3% |
| Other amounts payable | 47/48 | €1,007 | - | -€1,007 | |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Non-recurring operating income | 76A | €219 | - | -€219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,624 | €3,057 | -€567 | -15.6% |
| Other operating charges | 640/8 | €2,827 | €1,245 | -€1,581 | -55.9% |
| Gross operating margin | 9900 | €27,502 | €48,668 | +€21,166 | +77.0% |
| Operating profit (loss) | 9901 | €21,051 | €44,365 | +€23,314 | +110.7% |
| Financial income | 75/76B | €1,006 | €1,867 | +€861 | +85.6% |
| Recurring financial income | 75 | €1,006 | €1,867 | +€861 | +85.6% |
| Financial charges | 65/66B | €87 | €181 | +€94 | +108.3% |
| Recurring financial charges | 65 | €87 | €181 | +€94 | +108.3% |
| Profit (loss) for the period before taxes | 9903 | €21,970 | €46,051 | +€24,081 | +109.6% |
| Income taxes | 67/77 | €10,079 | €16,559 | +€6,480 | +64.3% |
| Profit (loss) for the period | 9904 | €11,891 | €29,493 | +€17,601 | +148.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,891 | €29,493 | +€17,601 | +148.0% |
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 3 October 2026 via checked.be.