Fenki: 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.
Fenki
Largest movements
- Cash +€35,798
up €35,798 (+15.9%), from €225,798 to €261,596
mainly Net result for the year (+€99,971) and Tax, wage and social debts (+€10,161)
- Reserves +€74,971
up €74,971 (+49.3%), from €151,975 to €226,946
of which Distributable reserves: +€76,401
- Other debts -€49,957
down €49,957 (-91.8%), from €54,400 to €4,442
- Tax, wage and social debts +€10,161
up €10,161 (+19.2%), from €52,905 to €63,066
of which Taxes: +€28,407
- Gross operating margin +€33,673
up €33,673 (+16.7%), from €201,903 to €235,576
- Staff costs +€26,624
up €26,624 (+39.8%), from €66,855 to €93,480
- Taxes +€24,555
up €24,555 (+378.2%), from €6,493 to €31,048
- Depreciation +€3,023
up €3,023 (+100.6%), from €3,005 to €6,028
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 | €294,843 | €329,510 | +€34,667 | +11.8% |
| Fixed assets | 21/28 | €25,668 | €25,012 | -€656 | -2.6% |
| Tangible fixed assets | 22/27 | €24,768 | €24,112 | -€656 | -2.6% |
| Plant, machinery and equipment | 23 | €24,768 | €24,112 | -€656 | -2.6% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €269,175 | €304,498 | +€35,323 | +13.1% |
| Stocks and contracts in progress | 3 | €684 | €972 | +€287 | +42.0% |
| Stocks | 30/36 | €684 | €972 | +€287 | +42.0% |
| Amounts receivable within one year | 40/41 | €37,673 | €40,030 | +€2,357 | +6.3% |
| Trade receivables | 40 | €32,063 | €39,781 | +€7,718 | +24.1% |
| Other amounts receivable | 41 | €5,610 | €249 | -€5,361 | -95.6% |
| Cash at bank and in hand | 54/58 | €225,798 | €261,596 | +€35,798 | +15.9% |
| Deferred charges and accrued income | 490/1 | €5,020 | €1,900 | -€3,120 | -62.1% |
| Total equity and liabilities | 10/49 | €294,843 | €329,510 | +€34,667 | +11.8% |
| Equity | 10/15 | €171,975 | €246,946 | +€74,971 | +43.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €151,975 | €226,946 | +€74,971 | +49.3% |
| Tax-exempt reserves | 132 | €46,599 | €45,169 | -€1,430 | -3.1% |
| Distributable reserves | 133 | €105,376 | €181,777 | +€76,401 | +72.5% |
| Provisions and deferred taxes | 16 | €15,533 | €15,056 | -€477 | -3.1% |
| Deferred taxes | 168 | €15,533 | €15,056 | -€477 | -3.1% |
| Amounts payable | 17/49 | €107,335 | €67,508 | -€39,827 | -37.1% |
| Amounts payable within one year | 42/48 | €107,335 | €67,508 | -€39,827 | -37.1% |
| Trade debts | 44 | €31 | - | -€31 | |
| Suppliers | 440/4 | €31 | - | -€31 | |
| Taxes, remuneration and social security | 45 | €52,905 | €63,066 | +€10,161 | +19.2% |
| Taxes | 450/3 | €8,203 | €36,611 | +€28,407 | +346.3% |
| Remuneration and social security | 454/9 | €44,701 | €26,455 | -€18,246 | -40.8% |
| Other amounts payable | 47/48 | €54,400 | €4,442 | -€49,957 | -91.8% |
| Non-recurring operating income | 76A | €62,374 | - | -€62,374 | |
| Remuneration, social security and pensions | 62 | €66,855 | €93,480 | +€26,624 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,005 | €6,028 | +€3,023 | +100.6% |
| Other operating charges | 640/8 | €3,260 | €2,275 | -€985 | -30.2% |
| Non-recurring operating charges | 66A | €509 | - | -€509 | |
| Gross operating margin | 9900 | €201,903 | €235,576 | +€33,673 | +16.7% |
| Operating profit (loss) | 9901 | €128,273 | €133,793 | +€5,520 | +4.3% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €3,288 | €3,251 | -€37 | -1.1% |
| Recurring financial charges | 65 | €3,288 | €3,251 | -€37 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €124,986 | €130,543 | +€5,557 | +4.4% |
| Transfer from deferred taxes | 780 | €84 | €477 | +€392 | +466.0% |
| Transfer to deferred taxes | 680 | €15,617 | - | -€15,617 | |
| Income taxes | 67/77 | €6,493 | €31,048 | +€24,555 | +378.2% |
| Profit (loss) for the period | 9904 | €102,960 | €99,971 | -€2,989 | -2.9% |
| Transfer from tax-exempt reserves | 789 | €253 | €1,430 | +€1,177 | +466.0% |
| Transfer to tax-exempt reserves | 689 | €46,852 | - | -€46,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,361 | €101,401 | +€45,040 | +79.9% |
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 7 October 2026 via checked.be.