Feniks Kaster: what changed
Feniks Kaster
Largest movements
- Cash +€13,984
up €13,984 (+3,809%), from €367 to €14,351
mainly Net result for the year (+€14,538) and Tax, wage and social debts (+€3,634)
- Receivables within one year +€5,938
up €5,938 (+264%), from €2,251 to €8,189
of which Trade receivables: +€5,813
- Reserves +€14,538
up €14,538 (+2,079%), from €699 to €15,237
- Tax, wage and social debts +€3,634
up €3,634 (+1,386%), from €262 to €3,897
- Trade debts +€1,966
new in 2025: €1,966
- Accrued charges and deferred income -€387
no longer reported in 2025 (was €387)
- Gross operating margin +€17,220
up €17,220 (+913%), from €1,887 to €19,107
- Taxes +€3,372
up €3,372 (+1,286%), from €262 to €3,634
- Other operating charges -€240
down €240 (-31.2%), from €768 to €528
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,349 | €23,100 | +€19,751 | +590% |
| Formation expenses | 20 | €731 | €559 | -€172 | -23.5% |
| Current assets | 29/58 | €2,618 | €22,541 | +€19,922 | +761% |
| Amounts receivable within one year | 40/41 | €2,251 | €8,189 | +€5,938 | +264% |
| Trade receivables | 40 | €2,000 | €7,813 | +€5,813 | +291% |
| Other amounts receivable | 41 | €251 | €376 | +€125 | +49.7% |
| Cash at bank and in hand | 54/58 | €367 | €14,351 | +€13,984 | +3,809% |
| Total equity and liabilities | 10/49 | €3,349 | €23,100 | +€19,751 | +590% |
| Equity | 10/15 | €2,699 | €17,237 | +€14,538 | +539% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €699 | €15,237 | +€14,538 | +2,079% |
| Distributable reserves | 133 | €699 | €15,237 | +€14,538 | +2,079% |
| Amounts payable | 17/49 | €650 | €5,863 | +€5,213 | +803% |
| Amounts payable within one year | 42/48 | €262 | €5,863 | +€5,600 | +2,136% |
| Trade debts | 44 | - | €1,966 | +€1,966 | |
| Suppliers | 440/4 | - | €1,966 | +€1,966 | |
| Taxes, remuneration and social security | 45 | €262 | €3,897 | +€3,634 | +1,386% |
| Taxes | 450/3 | €262 | €3,897 | +€3,634 | +1,386% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128 | €172 | +€44 | +34.1% |
| Other operating charges | 640/8 | €768 | €528 | -€240 | -31.2% |
| Non-recurring operating charges | 66A | - | €221 | +€221 | |
| Gross operating margin | 9900 | €1,887 | €19,107 | +€17,220 | +913% |
| Operating profit (loss) | 9901 | €992 | €18,187 | +€17,195 | +1,734% |
| Financial charges | 65/66B | €30 | €15 | -€15 | -51.2% |
| Recurring financial charges | 65 | €30 | €15 | -€15 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €962 | €18,172 | +€17,211 | +1,790% |
| Income taxes | 67/77 | €262 | €3,634 | +€3,372 | +1,286% |
| Profit (loss) for the period | 9904 | €699 | €14,538 | +€13,838 | +1,979% |
| Profit (loss) for the period to be appropriated | 9905 | €699 | €14,538 | +€13,838 | +1,979% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.