FENIRAM: 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.
What changed
FENIRAM
NACE 73.300, Public relations and communication consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€403,566
2024 · €31,621+€371,945
Equity
€896,673
2024 · €509,225+€387,448
Cash
€4,968
2024 · €6,388-€1,420
Balance sheet total
€1.2m
2024 · €727,995+€472,160
Largest movements
Assets
- Receivables after one year +€220,000
new in 2025: €220,000
- Tangible fixed assets +€143,088
up €143,088 (+21.6%), from €662,409 to €805,497
of which Land and buildings: +€152,644
- Receivables within one year +€100,992
up €100,992 (+242.3%), from €41,687 to €142,679
of which Trade receivables: +€87,514
Equity and liabilities
- Reserves +€387,448
up €387,448 (+77.0%), from €503,025 to €890,473
of which Tax-exempt reserves: +€225,683
- Trade debts +€101,759
up €101,759 (+436.4%), from €23,316 to €125,075
- Provisions +€75,228
new in 2025: €75,228
- Other debts -€67,120
down €67,120 (-80.6%), from €83,238 to €16,118
- Debts after one year -€33,954
down €33,954 (-48.3%), from €70,289 to €36,335
Income statement
- Gross operating margin +€483,701
up €483,701 (+510.7%), from €94,705 to €578,407
- Taxes +€50,429
up €50,429 (+426.0%), from €11,837 to €62,266
- Depreciation -€8,805
down €8,805 (-20.3%), from €43,404 to €34,598
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.
Result 2024
€31,621
Gross operating margin
+€483,701
Depreciation
+€8,805
Other operating charges
+€397
Financial income
+€3,967
Financial charges
+€732
Taxes
-€50,429
Deferred taxes and other
-€75,228
Result 2025
€403,566
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.
From operations
+€226,239
Investment
-€177,686
Financing
-€49,973
Cash 2024
€6,388
From operations (derived)
+€226,239
Net result for the year
+€403,566
Depreciation
+€34,598
Receivables after one year
-€220,000
Stocks and contracts
-€6,000
Receivables within one year
-€100,992
Deferred charges and accrued income
-€3,500
Provisions
+€75,228
Trade debts
+€101,759
Tax, wage and social debts
+€8,700
Other debts
-€67,120
Investment (derived)
-€177,686
Investment in fixed assets (net)
-€177,686
Financing
-€49,973
Debts after one year
-€33,954
Current portion of long-term debt
+€99
Contributions, distributions and other
-€16,118
Cash 2025
€4,968
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,995 | €1,200,155 | +€472,160 | +64.9% |
| Fixed assets | 21/28 | €662,544 | €805,632 | +€143,088 | +21.6% |
| Tangible fixed assets | 22/27 | €662,409 | €805,497 | +€143,088 | +21.6% |
| Land and buildings | 22 | €624,827 | €777,471 | +€152,644 | +24.4% |
| Plant, machinery and equipment | 23 | €9,161 | €10,396 | +€1,235 | +13.5% |
| Furniture and vehicles | 24 | €28,421 | €17,630 | -€10,791 | -38.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €65,451 | €394,523 | +€329,072 | +502.8% |
| Amounts receivable after more than one year | 29 | - | €220,000 | +€220,000 | |
| Other amounts receivable | 291 | - | €220,000 | +€220,000 | |
| Stocks and contracts in progress | 3 | €14,982 | €20,982 | +€6,000 | +40.0% |
| Stocks | 30/36 | €14,982 | €20,982 | +€6,000 | +40.0% |
| Amounts receivable within one year | 40/41 | €41,687 | €142,679 | +€100,992 | +242.3% |
| Trade receivables | 40 | €38,078 | €125,592 | +€87,514 | +229.8% |
| Other amounts receivable | 41 | €3,609 | €17,087 | +€13,478 | +373.4% |
| Cash at bank and in hand | 54/58 | €6,388 | €4,968 | -€1,420 | -22.2% |
| Deferred charges and accrued income | 490/1 | €2,393 | €5,893 | +€3,500 | +146.3% |
| Total equity and liabilities | 10/49 | €727,995 | €1,200,155 | +€472,160 | +64.9% |
| Equity | 10/15 | €509,225 | €896,673 | +€387,448 | +76.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €503,025 | €890,473 | +€387,448 | +77.0% |
| Tax-exempt reserves | 132 | - | €225,683 | +€225,683 | |
| Distributable reserves | 133 | €503,025 | €664,791 | +€161,765 | +32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €75,228 | +€75,228 | |
| Deferred taxes | 168 | - | €75,228 | +€75,228 | |
| Amounts payable | 17/49 | €218,769 | €228,254 | +€9,484 | +4.3% |
| Amounts payable after more than one year | 17 | €70,289 | €36,335 | -€33,954 | -48.3% |
| Financial debts | 170/4 | €70,289 | €36,335 | -€33,954 | -48.3% |
| Amounts payable within one year | 42/48 | €148,480 | €191,919 | +€43,438 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €33,855 | €33,954 | +€99 | +0.3% |
| Trade debts | 44 | €23,316 | €125,075 | +€101,759 | +436.4% |
| Suppliers | 440/4 | €23,316 | €125,075 | +€101,759 | +436.4% |
| Taxes, remuneration and social security | 45 | €8,071 | €16,771 | +€8,700 | +107.8% |
| Taxes | 450/3 | €8,071 | €16,771 | +€8,700 | +107.8% |
| Other amounts payable | 47/48 | €83,238 | €16,118 | -€67,120 | -80.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,000 | €516,381 | +€514,381 | +25719.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,404 | €34,598 | -€8,805 | -20.3% |
| Other operating charges | 640/8 | €5,568 | €5,171 | -€397 | -7.1% |
| Gross operating margin | 9900 | €94,705 | €578,407 | +€483,701 | +510.7% |
| Operating profit (loss) | 9901 | €45,734 | €538,638 | +€492,903 | +1077.8% |
| Financial income | 75/76B | €73 | €4,040 | +€3,967 | +5439.2% |
| Recurring financial income | 75 | €73 | €4,040 | +€3,967 | +5439.2% |
| Financial charges | 65/66B | €2,350 | €1,617 | -€732 | -31.2% |
| Recurring financial charges | 65 | €2,350 | €1,617 | -€732 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €43,458 | €541,060 | +€497,602 | +1145.0% |
| Transfer from deferred taxes | 780 | - | €1,041 | +€1,041 | |
| Transfer to deferred taxes | 680 | - | €76,268 | +€76,268 | |
| Income taxes | 67/77 | €11,837 | €62,266 | +€50,429 | +426.0% |
| Profit (loss) for the period | 9904 | €31,621 | €403,566 | +€371,945 | +1176.3% |
| Transfer from tax-exempt reserves | 789 | - | €3,122 | +€3,122 | |
| Transfer to tax-exempt reserves | 689 | - | €228,805 | +€228,805 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,621 | €177,884 | +€146,262 | +462.5% |
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 6 October 2026 via checked.be.