FENOLIA: 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.
FENOLIA
Largest movements
- Cash +€10,801
up €10,801 (+26.1%), from €41,448 to €52,249
mainly Depreciation (+€12,346) and Net result for the year (+€10,133)
- Tangible fixed assets -€9,282
down €9,282 (-5.1%), from €183,144 to €173,862
of which Land and buildings: -€10,047
- Receivables within one year +€2,711
up €2,711 (+22.1%), from €12,289 to €15,000
- Debts after one year -€11,820
down €11,820 (-9.6%), from €123,388 to €111,568
- Reserves +€10,100
up €10,100 (+14.1%), from €71,760 to €81,860
of which Distributable reserves: +€10,100
- Tax, wage and social debts +€3,672
up €3,672 (+164%), from €2,242 to €5,914
of which Taxes: +€3,672
- Gross operating margin -€3,541
down €3,541 (-9.7%), from €36,581 to €33,040
- Taxes -€1,009
down €1,009 (-15.9%), from €6,339 to €5,329
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 | €244,986 | €249,216 | +€4,230 | +1.7% |
| Fixed assets | 21/28 | €191,249 | €181,967 | -€9,282 | -4.9% |
| Tangible fixed assets | 22/27 | €183,144 | €173,862 | -€9,282 | -5.1% |
| Land and buildings | 22 | €178,908 | €168,862 | -€10,047 | -5.6% |
| Furniture and vehicles | 24 | €4,236 | €5,000 | +€765 | +18.1% |
| Financial fixed assets | 28 | €8,105 | €8,105 | = | 0.0% |
| Current assets | 29/58 | €53,737 | €67,249 | +€13,512 | +25.1% |
| Amounts receivable within one year | 40/41 | €12,289 | €15,000 | +€2,711 | +22.1% |
| Trade receivables | 40 | €12,289 | €15,000 | +€2,711 | +22.1% |
| Cash at bank and in hand | 54/58 | €41,448 | €52,249 | +€10,801 | +26.1% |
| Total equity and liabilities | 10/49 | €244,986 | €249,216 | +€4,230 | +1.7% |
| Equity | 10/15 | €107,164 | €117,297 | +€10,133 | +9.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,760 | €81,860 | +€10,100 | +14.1% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,550 | €3,550 | = | 0.0% |
| Distributable reserves | 133 | €68,200 | €78,300 | +€10,100 | +14.8% |
| Profit (loss) carried forward | 14 | €33,404 | €33,436 | +€33 | +0.1% |
| Amounts payable | 17/49 | €137,822 | €131,919 | -€5,903 | -4.3% |
| Amounts payable after more than one year | 17 | €123,388 | €111,568 | -€11,820 | -9.6% |
| Financial debts | 170/4 | €123,388 | €111,568 | -€11,820 | -9.6% |
| Amounts payable within one year | 42/48 | €14,434 | €20,351 | +€5,917 | +41.0% |
| Financial debts | 43 | €11,663 | €12,936 | +€1,274 | +10.9% |
| Credit institutions | 430/8 | €11,663 | €12,936 | +€1,274 | +10.9% |
| Trade debts | 44 | €529 | €0 | -€529 | -100% |
| Suppliers | 440/4 | €529 | €0 | -€529 | -100% |
| Taxes, remuneration and social security | 45 | €2,242 | €5,914 | +€3,672 | +164% |
| Taxes | 450/3 | €2,242 | €5,914 | +€3,672 | +164% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,250 | €12,346 | +€96 | +0.8% |
| Other operating charges | 640/8 | €2,711 | €2,721 | +€11 | +0.4% |
| Gross operating margin | 9900 | €36,581 | €33,040 | -€3,541 | -9.7% |
| Operating profit (loss) | 9901 | €21,621 | €17,972 | -€3,648 | -16.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,548 | €2,510 | -€38 | -1.5% |
| Recurring financial charges | 65 | €2,548 | €2,510 | -€38 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €19,072 | €15,462 | -€3,610 | -18.9% |
| Income taxes | 67/77 | €6,339 | €5,329 | -€1,009 | -15.9% |
| Profit (loss) for the period | 9904 | €12,733 | €10,133 | -€2,601 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,733 | €10,133 | -€2,601 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.