Fesial: 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.
Fesial
Largest movements
- Cash -€90,306
down €90,306 (-57.9%), from €155,930 to €65,624
mainly Receivables within one year (-€61,411) and Net result for the year (-€28,947)
- Receivables within one year +€61,411
up €61,411 (+190.7%), from €32,202 to €93,613
of which Trade receivables: +€54,049
- Tangible fixed assets +€10,416
up €10,416 (+27.4%), from €37,970 to €48,386
of which Land and buildings: +€17,174
- Stocks and contracts +€3,545
up €3,545 (+7.9%), from €44,867 to €48,412
- Profit (loss) carried forward -€28,947
down €28,947 (-11.4%), from -€254,412 to -€283,359
- Tax, wage and social debts +€17,967
up €17,967 (+186.3%), from €9,645 to €27,612
- Trade debts -€7,888
down €7,888 (-12.3%), from €63,991 to €56,103
- Debts after one year +€3,934
up €3,934 (+75.0%), from €5,245 to €9,179
- Gross operating margin -€74,563
down €74,563 (-32.8%), from €227,599 to €153,036
- Staff costs -€13,437
down €13,437 (-7.7%), from €174,973 to €161,536
- Other operating charges +€8,445
up €8,445 (+179.1%), from €4,715 to €13,160
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 | €270,969 | €256,035 | -€14,934 | -5.5% |
| Fixed assets | 21/28 | €37,970 | €48,386 | +€10,416 | +27.4% |
| Tangible fixed assets | 22/27 | €37,970 | €48,386 | +€10,416 | +27.4% |
| Land and buildings | 22 | €27,439 | €44,613 | +€17,174 | +62.6% |
| Plant, machinery and equipment | 23 | €3,226 | €2,601 | -€625 | -19.4% |
| Furniture and vehicles | 24 | €7,305 | €1,172 | -€6,133 | -84.0% |
| Current assets | 29/58 | €232,999 | €207,649 | -€25,350 | -10.9% |
| Stocks and contracts in progress | 3 | €44,867 | €48,412 | +€3,545 | +7.9% |
| Stocks | 30/36 | €44,867 | €48,412 | +€3,545 | +7.9% |
| Amounts receivable within one year | 40/41 | €32,202 | €93,613 | +€61,411 | +190.7% |
| Trade receivables | 40 | €32,202 | €86,251 | +€54,049 | +167.8% |
| Other amounts receivable | 41 | - | €7,362 | +€7,362 | |
| Cash at bank and in hand | 54/58 | €155,930 | €65,624 | -€90,306 | -57.9% |
| Total equity and liabilities | 10/49 | €270,969 | €256,035 | -€14,934 | -5.5% |
| Equity | 10/15 | €113,088 | €84,141 | -€28,947 | -25.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Contributions outside capital | 11 | €75,000 | €75,000 | = | 0.0% |
| Share premium | 1100/10 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €292,500 | €292,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €198,975 | €198,975 | = | 0.0% |
| Legal reserve | 130 | €7,487 | €7,487 | = | 0.0% |
| Other | 1319 | €191,488 | €191,488 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,525 | €93,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,412 | -€283,359 | -€28,947 | -11.4% |
| Amounts payable | 17/49 | €157,881 | €171,894 | +€14,013 | +8.9% |
| Amounts payable after more than one year | 17 | €5,245 | €9,179 | +€3,934 | +75.0% |
| Financial debts | 170/4 | €5,245 | €9,179 | +€3,934 | +75.0% |
| Amounts payable within one year | 42/48 | €152,636 | €162,715 | +€10,079 | +6.6% |
| Trade debts | 44 | €63,991 | €56,103 | -€7,888 | -12.3% |
| Suppliers | 440/4 | €63,991 | €56,103 | -€7,888 | -12.3% |
| Taxes, remuneration and social security | 45 | €9,645 | €27,612 | +€17,967 | +186.3% |
| Remuneration and social security | 454/9 | €9,645 | €27,612 | +€17,967 | +186.3% |
| Other amounts payable | 47/48 | €79,000 | €79,000 | = | 0.0% |
| Non-recurring operating income | 76A | €206 | - | -€206 | |
| Remuneration, social security and pensions | 62 | €174,973 | €161,536 | -€13,437 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,374 | €7,584 | +€210 | +2.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €998 | - | -€998 | |
| Other operating charges | 640/8 | €4,715 | €13,160 | +€8,445 | +179.1% |
| Gross operating margin | 9900 | €227,599 | €153,036 | -€74,563 | -32.8% |
| Operating profit (loss) | 9901 | €39,539 | -€29,244 | -€68,783 | |
| Financial income | 75/76B | - | €605 | +€605 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Non-recurring financial income | 76B | - | €584 | +€584 | |
| Financial charges | 65/66B | €312 | €308 | -€4 | -1.3% |
| Recurring financial charges | 65 | €312 | €308 | -€4 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €39,227 | -€28,947 | -€68,174 | |
| Profit (loss) for the period | 9904 | €39,227 | -€28,947 | -€68,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,227 | -€28,947 | -€68,174 |
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.