Fenx: 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.
Fenx
Largest movements
- Receivables within one year -€18,147
down €18,147 (-33.4%), from €54,397 to €36,250
of which Other amounts receivable: -€26,677
- Tangible fixed assets -€11,715
down €11,715 (-19.8%), from €59,029 to €47,313
of which Other tangible fixed assets: -€8,596
- Cash +€9,205
new in 2025: €9,205
mainly Depreciation (+€19,757) and Receivables within one year (+€18,147)
- Intangible fixed assets +€7,459
new in 2025: €7,459
- Deferred charges and accrued income +€3,149
up €3,149 (+13.1%), from €24,033 to €27,182
- Debts after one year -€14,687
down €14,687 (-33.5%), from €43,903 to €29,216
- Tax, wage and social debts -€11,396
down €11,396 (-59.1%), from €19,294 to €7,898
- Trade debts +€11,030
up €11,030 (+80.5%), from €13,695 to €24,725
- Other debts +€10,015
up €10,015 (+572.6%), from €1,749 to €11,763
- Short-term financial debts -€9,159
down €9,159 (-37.9%), from €24,151 to €14,992
- Gross operating margin +€7,442
up €7,442 (+22.9%), from €32,537 to €39,980
- Financial charges -€4,047
down €4,047 (-38.7%), from €10,445 to €6,398
- Taxes +€2,441
up €2,441 (+107.1%), from €2,278 to €4,719
- Depreciation +€1,494
up €1,494 (+8.2%), from €18,263 to €19,757
- Financial income -€1,346
down €1,346 (-100.0%), from €1,346 to €0
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 | €140,459 | €130,408 | -€10,050 | -7.2% |
| Fixed assets | 21/28 | €59,029 | €54,772 | -€4,257 | -7.2% |
| Intangible fixed assets | 21 | - | €7,459 | +€7,459 | |
| Tangible fixed assets | 22/27 | €59,029 | €47,313 | -€11,715 | -19.8% |
| Plant, machinery and equipment | 23 | €3,235 | €952 | -€2,283 | -70.6% |
| Furniture and vehicles | 24 | €8,508 | €7,672 | -€836 | -9.8% |
| Other tangible fixed assets | 26 | €47,286 | €38,689 | -€8,596 | -18.2% |
| Current assets | 29/58 | €81,430 | €75,636 | -€5,794 | -7.1% |
| Amounts receivable within one year | 40/41 | €54,397 | €36,250 | -€18,147 | -33.4% |
| Trade receivables | 40 | €18,157 | €26,687 | +€8,530 | +47.0% |
| Other amounts receivable | 41 | €36,240 | €9,563 | -€26,677 | -73.6% |
| Current investments | 50/53 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €9,205 | +€9,205 | |
| Deferred charges and accrued income | 490/1 | €24,033 | €27,182 | +€3,149 | +13.1% |
| Total equity and liabilities | 10/49 | €140,459 | €130,408 | -€10,050 | -7.2% |
| Equity | 10/15 | €22,000 | €28,929 | +€6,929 | +31.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €6,929 | +€6,929 | |
| Amounts payable | 17/49 | €118,459 | €101,480 | -€16,979 | -14.3% |
| Amounts payable after more than one year | 17 | €43,903 | €29,216 | -€14,687 | -33.5% |
| Financial debts | 170/4 | €43,903 | €29,216 | -€14,687 | -33.5% |
| Amounts payable within one year | 42/48 | €74,421 | €72,263 | -€2,157 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €15,532 | €12,885 | -€2,647 | -17.0% |
| Financial debts | 43 | €24,151 | €14,992 | -€9,159 | -37.9% |
| Credit institutions | 430/8 | €24,151 | €14,992 | -€9,159 | -37.9% |
| Trade debts | 44 | €13,695 | €24,725 | +€11,030 | +80.5% |
| Suppliers | 440/4 | €13,695 | €24,725 | +€11,030 | +80.5% |
| Taxes, remuneration and social security | 45 | €19,294 | €7,898 | -€11,396 | -59.1% |
| Taxes | 450/3 | €19,294 | €7,898 | -€11,396 | -59.1% |
| Other amounts payable | 47/48 | €1,749 | €11,763 | +€10,015 | +572.6% |
| Accrued charges and deferred income | 492/3 | €135 | €0 | -€135 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,263 | €19,757 | +€1,494 | +8.2% |
| Other operating charges | 640/8 | €1,147 | €2,176 | +€1,029 | +89.6% |
| Gross operating margin | 9900 | €32,537 | €39,980 | +€7,442 | +22.9% |
| Operating profit (loss) | 9901 | €13,127 | €18,046 | +€4,920 | +37.5% |
| Financial income | 75/76B | €1,346 | €0 | -€1,346 | -100.0% |
| Recurring financial income | 75 | €1,346 | €0 | -€1,346 | -100.0% |
| Financial charges | 65/66B | €10,445 | €6,398 | -€4,047 | -38.7% |
| Recurring financial charges | 65 | €10,445 | €6,398 | -€4,047 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €4,027 | €11,648 | +€7,621 | +189.2% |
| Income taxes | 67/77 | €2,278 | €4,719 | +€2,441 | +107.1% |
| Profit (loss) for the period | 9904 | €1,749 | €6,929 | +€5,180 | +296.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,749 | €6,929 | +€5,180 | +296.2% |
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 12 October 2026 via checked.be.