FENIFIKS: 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.
FENIFIKS
Largest movements
- Cash +€44,795
up €44,795 (+30.9%), from €145,068 to €189,862
mainly Net result for the year (+€32,460) and Depreciation (+€15,557)
- Receivables within one year -€15,182
down €15,182 (-48.2%), from €31,489 to €16,307
of which Trade receivables: -€11,255
- Tangible fixed assets +€5,755
up €5,755 (+51.3%), from €11,213 to €16,968
of which Furniture and vehicles: +€5,962
- Reserves +€32,460
up €32,460 (+21.0%), from €154,700 to €187,160
- Trade debts -€3,800
down €3,800 (-50.1%), from €7,581 to €3,781
- Other debts +€3,774
up €3,774 (+647%), from €583 to €4,357
- Tax, wage and social debts +€3,143
up €3,143 (+56.1%), from €5,606 to €8,749
- Gross operating margin +€19,949
up €19,949 (+46.4%), from €43,009 to €62,957
- Depreciation +€5,674
up €5,674 (+57.4%), from €9,884 to €15,557
- Taxes +€4,185
up €4,185 (+42.9%), from €9,748 to €13,933
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 | €189,070 | €224,647 | +€35,576 | +18.8% |
| Fixed assets | 21/28 | €11,213 | €16,968 | +€5,755 | +51.3% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €11,213 | €16,968 | +€5,755 | +51.3% |
| Plant, machinery and equipment | 23 | €296 | €89 | -€207 | -69.8% |
| Furniture and vehicles | 24 | €10,917 | €16,878 | +€5,962 | +54.6% |
| Current assets | 29/58 | €177,857 | €207,679 | +€29,822 | +16.8% |
| Amounts receivable within one year | 40/41 | €31,489 | €16,307 | -€15,182 | -48.2% |
| Trade receivables | 40 | €27,562 | €16,307 | -€11,255 | -40.8% |
| Other amounts receivable | 41 | €3,927 | - | -€3,927 | |
| Cash at bank and in hand | 54/58 | €145,068 | €189,862 | +€44,795 | +30.9% |
| Deferred charges and accrued income | 490/1 | €1,301 | €1,509 | +€209 | +16.1% |
| Total equity and liabilities | 10/49 | €189,070 | €224,647 | +€35,576 | +18.8% |
| Equity | 10/15 | €175,300 | €207,760 | +€32,460 | +18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,700 | €187,160 | +€32,460 | +21.0% |
| Distributable reserves | 133 | €154,700 | €187,160 | +€32,460 | +21.0% |
| Profit (loss) carried forward | 14 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €13,770 | €16,887 | +€3,117 | +22.6% |
| Amounts payable within one year | 42/48 | €13,770 | €16,887 | +€3,117 | +22.6% |
| Trade debts | 44 | €7,581 | €3,781 | -€3,800 | -50.1% |
| Suppliers | 440/4 | €7,581 | €3,781 | -€3,800 | -50.1% |
| Taxes, remuneration and social security | 45 | €5,606 | €8,749 | +€3,143 | +56.1% |
| Taxes | 450/3 | €5,606 | €8,749 | +€3,143 | +56.1% |
| Other amounts payable | 47/48 | €583 | €4,357 | +€3,774 | +647% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,884 | €15,557 | +€5,674 | +57.4% |
| Other operating charges | 640/8 | €848 | €863 | +€15 | +1.8% |
| Gross operating margin | 9900 | €43,009 | €62,957 | +€19,949 | +46.4% |
| Operating profit (loss) | 9901 | €32,277 | €46,537 | +€14,260 | +44.2% |
| Financial income | 75/76B | €509 | €36 | -€473 | -92.9% |
| Recurring financial income | 75 | €509 | €36 | -€473 | -92.9% |
| Financial charges | 65/66B | €271 | €180 | -€91 | -33.5% |
| Recurring financial charges | 65 | €271 | €180 | -€91 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €32,514 | €46,393 | +€13,878 | +42.7% |
| Income taxes | 67/77 | €9,748 | €13,933 | +€4,185 | +42.9% |
| Profit (loss) for the period | 9904 | €22,767 | €32,460 | +€9,693 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,767 | €32,460 | +€9,693 | +42.6% |
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 23 October 2026 via checked.be.