FenX Belgium: 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 Belgium
Largest movements
- Cash +€35,163
up €35,163 (+261%), from €13,491 to €48,655
mainly Depreciation (+€18,695) and Net result for the year (+€16,910)
- Tangible fixed assets -€27,307
down €27,307 (-43.7%), from €62,513 to €35,205
of which Furniture and vehicles: -€28,415
- Receivables within one year -€2,065
down €2,065 (-35.0%), from €5,902 to €3,837
- Deferred charges and accrued income +€1,410
up €1,410 (+130%), from €1,082 to €2,492
- Profit (loss) carried forward +€16,910
up €16,910 (+76.7%), from €22,050 to €38,960
- Tax, wage and social debts -€3,625
down €3,625 (-73.6%), from €4,923 to €1,298
- Trade debts -€2,121
down €2,121 (-93.9%), from €2,260 to €139
- Other debts -€2,081
down €2,081 (-5.1%), from €41,062 to €38,982
- Debts after one year -€1,944
down €1,944 (-24.9%), from €7,812 to €5,868
- Gross operating margin +€12,803
up €12,803 (+42.6%), from €30,046 to €42,849
- Depreciation +€4,615
up €4,615 (+32.8%), from €14,080 to €18,695
- Taxes +€2,624
up €2,624 (+85.1%), from €3,082 to €5,706
- Staff costs -€1,757
no longer reported in 2025 (was €1,757)
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 | €82,988 | €90,189 | +€7,202 | +8.7% |
| Fixed assets | 21/28 | €62,513 | €35,205 | -€27,307 | -43.7% |
| Tangible fixed assets | 22/27 | €62,513 | €35,205 | -€27,307 | -43.7% |
| Plant, machinery and equipment | 23 | €11,701 | €12,808 | +€1,107 | +9.5% |
| Furniture and vehicles | 24 | €50,812 | €22,397 | -€28,415 | -55.9% |
| Current assets | 29/58 | €20,475 | €54,984 | +€34,509 | +169% |
| Amounts receivable within one year | 40/41 | €5,902 | €3,837 | -€2,065 | -35.0% |
| Trade receivables | 40 | €5,902 | €3,837 | -€2,065 | -35.0% |
| Cash at bank and in hand | 54/58 | €13,491 | €48,655 | +€35,163 | +261% |
| Deferred charges and accrued income | 490/1 | €1,082 | €2,492 | +€1,410 | +130% |
| Total equity and liabilities | 10/49 | €82,988 | €90,189 | +€7,202 | +8.7% |
| Equity | 10/15 | €25,050 | €41,960 | +€16,910 | +67.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,050 | €38,960 | +€16,910 | +76.7% |
| Amounts payable | 17/49 | €57,938 | €48,230 | -€9,708 | -16.8% |
| Amounts payable after more than one year | 17 | €7,812 | €5,868 | -€1,944 | -24.9% |
| Financial debts | 170/4 | €7,812 | €5,868 | -€1,944 | -24.9% |
| Amounts payable within one year | 42/48 | €50,126 | €42,362 | -€7,764 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €1,881 | €1,944 | +€63 | +3.3% |
| Trade debts | 44 | €2,260 | €139 | -€2,121 | -93.9% |
| Suppliers | 440/4 | €2,260 | €139 | -€2,121 | -93.9% |
| Taxes, remuneration and social security | 45 | €4,923 | €1,298 | -€3,625 | -73.6% |
| Taxes | 450/3 | €4,923 | €1,298 | -€3,625 | -73.6% |
| Other amounts payable | 47/48 | €41,062 | €38,982 | -€2,081 | -5.1% |
| Remuneration, social security and pensions | 62 | €1,757 | - | -€1,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,080 | €18,695 | +€4,615 | +32.8% |
| Other operating charges | 640/8 | €1,149 | €924 | -€225 | -19.6% |
| Non-recurring operating charges | 66A | €263 | - | -€263 | |
| Gross operating margin | 9900 | €30,046 | €42,849 | +€12,803 | +42.6% |
| Operating profit (loss) | 9901 | €12,797 | €23,230 | +€10,434 | +81.5% |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €235 | €615 | +€380 | +161% |
| Recurring financial charges | 65 | €235 | €615 | +€380 | +161% |
| Profit (loss) for the period before taxes | 9903 | €12,627 | €22,615 | +€9,988 | +79.1% |
| Income taxes | 67/77 | €3,082 | €5,706 | +€2,624 | +85.1% |
| Profit (loss) for the period | 9904 | €9,545 | €16,910 | +€7,365 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,545 | €16,910 | +€7,365 | +77.2% |
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 16 October 2026 via checked.be.