FENISOCO: 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.
FENISOCO
Largest movements
- Receivables within one year +€35,779
up €35,779 (+196.7%), from €18,187 to €53,966
of which Trade receivables: +€25,266
- Tangible fixed assets -€19,010
down €19,010 (-22.6%), from €84,150 to €65,141
of which Furniture and vehicles: -€16,827
- Cash +€8,328
up €8,328 (+20.4%), from €40,770 to €49,098
mainly Net result for the year (+€28,009) and Depreciation (+€25,475)
- Deferred charges and accrued income +€4,062
new in 2025: €4,062
- Intangible fixed assets +€3,495
new in 2025: €3,495
- Profit (loss) carried forward +€28,009
up €28,009 (+54.1%), from €51,790 to €79,798
- Accrued charges and deferred income +€15,488
new in 2025: €15,488
- Debts after one year -€11,057
down €11,057 (-34.1%), from €32,459 to €21,403
- Trade debts +€3,960
up €3,960 (+840.1%), from €471 to €4,432
- Other debts -€3,154
down €3,154 (-11.6%), from €27,142 to €23,988
- Gross operating margin -€20,554
down €20,554 (-24.4%), from €84,103 to €63,548
- Depreciation +€8,525
up €8,525 (+50.3%), from €16,950 to €25,475
- Taxes -€5,739
down €5,739 (-43.4%), from €13,227 to €7,488
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 | €143,618 | €176,272 | +€32,653 | +22.7% |
| Fixed assets | 21/28 | €84,150 | €68,636 | -€15,515 | -18.4% |
| Intangible fixed assets | 21 | - | €3,495 | +€3,495 | |
| Tangible fixed assets | 22/27 | €84,150 | €65,141 | -€19,010 | -22.6% |
| Land and buildings | 22 | €11,978 | €10,678 | -€1,300 | -10.9% |
| Plant, machinery and equipment | 23 | €6,893 | €6,010 | -€883 | -12.8% |
| Furniture and vehicles | 24 | €65,279 | €48,453 | -€16,827 | -25.8% |
| Current assets | 29/58 | €59,468 | €107,636 | +€48,168 | +81.0% |
| Stocks and contracts in progress | 3 | €511 | €511 | = | 0.0% |
| Stocks | 30/36 | €511 | €511 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,187 | €53,966 | +€35,779 | +196.7% |
| Trade receivables | 40 | €13,414 | €38,680 | +€25,266 | +188.4% |
| Other amounts receivable | 41 | €4,773 | €15,285 | +€10,512 | +220.2% |
| Cash at bank and in hand | 54/58 | €40,770 | €49,098 | +€8,328 | +20.4% |
| Deferred charges and accrued income | 490/1 | - | €4,062 | +€4,062 | |
| Total equity and liabilities | 10/49 | €143,618 | €176,272 | +€32,653 | +22.7% |
| Equity | 10/15 | €56,790 | €84,798 | +€28,009 | +49.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,790 | €79,798 | +€28,009 | +54.1% |
| Amounts payable | 17/49 | €86,828 | €91,473 | +€4,645 | +5.3% |
| Amounts payable after more than one year | 17 | €32,459 | €21,403 | -€11,057 | -34.1% |
| Financial debts | 170/4 | €32,459 | €21,403 | -€11,057 | -34.1% |
| Amounts payable within one year | 42/48 | €54,369 | €54,583 | +€214 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €10,642 | €11,057 | +€415 | +3.9% |
| Trade debts | 44 | €471 | €4,432 | +€3,960 | +840.1% |
| Suppliers | 440/4 | €471 | €4,432 | +€3,960 | +840.1% |
| Taxes, remuneration and social security | 45 | €16,114 | €15,106 | -€1,007 | -6.3% |
| Taxes | 450/3 | €13,114 | €15,106 | +€1,993 | +15.2% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts payable | 47/48 | €27,142 | €23,988 | -€3,154 | -11.6% |
| Accrued charges and deferred income | 492/3 | - | €15,488 | +€15,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,950 | €25,475 | +€8,525 | +50.3% |
| Other operating charges | 640/8 | €790 | €1,044 | +€254 | +32.1% |
| Gross operating margin | 9900 | €84,103 | €63,548 | -€20,554 | -24.4% |
| Operating profit (loss) | 9901 | €66,362 | €37,029 | -€29,333 | -44.2% |
| Financial income | 75/76B | €24 | €28 | +€4 | +14.5% |
| Recurring financial income | 75 | €24 | €28 | +€4 | +14.5% |
| Financial charges | 65/66B | €1,370 | €1,561 | +€191 | +14.0% |
| Recurring financial charges | 65 | €1,370 | €1,561 | +€191 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €65,017 | €35,496 | -€29,521 | -45.4% |
| Income taxes | 67/77 | €13,227 | €7,488 | -€5,739 | -43.4% |
| Profit (loss) for the period | 9904 | €51,790 | €28,009 | -€23,781 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,790 | €28,009 | -€23,781 | -45.9% |
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 11 October 2026 via checked.be.