FEO TECHNICS: 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.
FEO TECHNICS
Largest movements
- Receivables within one year +€59,721
up €59,721 (+121%), from €49,288 to €109,008
of which Trade receivables: +€39,396
- Tangible fixed assets +€34,771
up €34,771 (+327%), from €10,643 to €45,414
of which Furniture and vehicles: +€34,088
- Cash -€7,807
down €7,807 (-60.2%), from €12,970 to €5,162
mainly Receivables within one year (-€59,721) and Investment in fixed assets (net) (-€40,591)
- Deferred charges and accrued income +€7,544
up €7,544 (+348%), from €2,166 to €9,711
- Trade debts +€53,940
up €53,940 (+1,107%), from €4,872 to €58,813
- Profit (loss) carried forward +€31,991
up €31,991 (+61.6%), from €51,954 to €83,944
- Tax, wage and social debts +€8,298
up €8,298 (+62.7%), from €13,241 to €21,539
- Gross operating margin -€21,218
down €21,218 (-26.8%), from €79,235 to €58,017
- Taxes -€4,943
down €4,943 (-37.3%), from €13,241 to €8,298
- Staff costs +€3,898
up €3,898 (+495%), from €787 to €4,685
- Financial charges -€1,642
down €1,642 (-23.1%), from €7,120 to €5,478
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 | €75,067 | €169,296 | +€94,229 | +126% |
| Fixed assets | 21/28 | €10,643 | €45,414 | +€34,771 | +327% |
| Tangible fixed assets | 22/27 | €10,643 | €45,414 | +€34,771 | +327% |
| Plant, machinery and equipment | 23 | €1,700 | €2,384 | +€684 | +40.2% |
| Furniture and vehicles | 24 | €8,943 | €43,030 | +€34,088 | +381% |
| Current assets | 29/58 | €64,424 | €123,881 | +€59,458 | +92.3% |
| Amounts receivable within one year | 40/41 | €49,288 | €109,008 | +€59,721 | +121% |
| Trade receivables | 40 | €36,601 | €75,997 | +€39,396 | +108% |
| Other amounts receivable | 41 | €12,686 | €33,011 | +€20,325 | +160% |
| Cash at bank and in hand | 54/58 | €12,970 | €5,162 | -€7,807 | -60.2% |
| Deferred charges and accrued income | 490/1 | €2,166 | €9,711 | +€7,544 | +348% |
| Total equity and liabilities | 10/49 | €75,067 | €169,296 | +€94,229 | +126% |
| Equity | 10/15 | €56,954 | €88,944 | +€31,991 | +56.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,954 | €83,944 | +€31,991 | +61.6% |
| Amounts payable | 17/49 | €18,113 | €80,351 | +€62,238 | +344% |
| Amounts payable within one year | 42/48 | €18,113 | €80,351 | +€62,238 | +344% |
| Trade debts | 44 | €4,872 | €58,813 | +€53,940 | +1,107% |
| Suppliers | 440/4 | €4,872 | €58,813 | +€53,940 | +1,107% |
| Taxes, remuneration and social security | 45 | €13,241 | €21,539 | +€8,298 | +62.7% |
| Taxes | 450/3 | €13,241 | €21,539 | +€8,298 | +62.7% |
| Remuneration, social security and pensions | 62 | €787 | €4,685 | +€3,898 | +495% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,077 | €5,819 | +€742 | +14.6% |
| Other operating charges | 640/8 | €1,056 | €1,746 | +€690 | +65.3% |
| Gross operating margin | 9900 | €79,235 | €58,017 | -€21,218 | -26.8% |
| Operating profit (loss) | 9901 | €72,315 | €45,767 | -€26,548 | -36.7% |
| Financial charges | 65/66B | €7,120 | €5,478 | -€1,642 | -23.1% |
| Recurring financial charges | 65 | €7,120 | €5,478 | -€1,642 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €65,195 | €40,288 | -€24,906 | -38.2% |
| Income taxes | 67/77 | €13,241 | €8,298 | -€4,943 | -37.3% |
| Profit (loss) for the period | 9904 | €51,954 | €31,991 | -€19,963 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,954 | €31,991 | -€19,963 | -38.4% |
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 14 October 2026 via checked.be.