FESQFOR: 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.
FESQFOR
Largest movements
- Cash +€15,814
up €15,814 (+38.1%), from €41,469 to €57,283
mainly Net result for the year (+€97,438) and Tax, wage and social debts (+€19,536)
- Tangible fixed assets -€4,166
down €4,166 (-51.4%), from €8,102 to €3,936
- Receivables within one year +€3,720
up €3,720 (+14.9%), from €24,924 to €28,643
of which Trade receivables: +€5,198
- Reserves +€24,578
up €24,578 (+33.7%), from €72,969 to €97,547
of which Distributable reserves: +€26,438
- Other debts -€23,388
down €23,388 (-90.3%), from €25,907 to €2,519
- Tax, wage and social debts +€19,536
up €19,536 (+3,389%), from €576 to €20,112
- Trade debts -€3,179
down €3,179 (-86.1%), from €3,691 to €513
- Accrued charges and deferred income -€3,157
down €3,157 (-85.7%), from €3,684 to €527
- Gross operating margin +€30,817
up €30,817 (+30.5%), from €100,989 to €131,806
- Taxes +€9,165
up €9,165 (+46.7%), from €19,627 to €28,792
- Financial charges -€3,165
down €3,165 (-97.4%), from €3,249 to €84
- Depreciation -€1,880
down €1,880 (-31.1%), from €6,046 to €4,166
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,428 | €139,818 | +€14,390 | +11.5% |
| Fixed assets | 21/28 | €8,102 | €3,936 | -€4,166 | -51.4% |
| Tangible fixed assets | 22/27 | €8,102 | €3,936 | -€4,166 | -51.4% |
| Furniture and vehicles | 24 | €8,102 | €3,936 | -€4,166 | -51.4% |
| Current assets | 29/58 | €117,326 | €135,883 | +€18,556 | +15.8% |
| Amounts receivable within one year | 40/41 | €24,924 | €28,643 | +€3,720 | +14.9% |
| Trade receivables | 40 | €23,445 | €28,643 | +€5,198 | +22.2% |
| Other amounts receivable | 41 | €1,478 | - | -€1,478 | |
| Current investments | 50/53 | €49,235 | €49,235 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,469 | €57,283 | +€15,814 | +38.1% |
| Deferred charges and accrued income | 490/1 | €1,698 | €721 | -€977 | -57.5% |
| Total equity and liabilities | 10/49 | €125,428 | €139,818 | +€14,390 | +11.5% |
| Equity | 10/15 | €91,569 | €116,147 | +€24,578 | +26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,969 | €97,547 | +€24,578 | +33.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €71,109 | €97,547 | +€26,438 | +37.2% |
| Amounts payable | 17/49 | €33,859 | €23,671 | -€10,188 | -30.1% |
| Amounts payable within one year | 42/48 | €30,175 | €23,144 | -€7,031 | -23.3% |
| Trade debts | 44 | €3,691 | €513 | -€3,179 | -86.1% |
| Suppliers | 440/4 | €3,691 | €513 | -€3,179 | -86.1% |
| Taxes, remuneration and social security | 45 | €576 | €20,112 | +€19,536 | +3,389% |
| Taxes | 450/3 | €576 | €20,112 | +€19,536 | +3,389% |
| Other amounts payable | 47/48 | €25,907 | €2,519 | -€23,388 | -90.3% |
| Accrued charges and deferred income | 492/3 | €3,684 | €527 | -€3,157 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,046 | €4,166 | -€1,880 | -31.1% |
| Other operating charges | 640/8 | €1,474 | €1,337 | -€137 | -9.3% |
| Gross operating margin | 9900 | €100,989 | €131,806 | +€30,817 | +30.5% |
| Operating profit (loss) | 9901 | €93,469 | €126,302 | +€32,833 | +35.1% |
| Financial income | 75/76B | €331 | €12 | -€319 | -96.3% |
| Recurring financial income | 75 | €31 | €12 | -€19 | -60.2% |
| Non-recurring financial income | 76B | €300 | - | -€300 | |
| Financial charges | 65/66B | €3,249 | €84 | -€3,165 | -97.4% |
| Recurring financial charges | 65 | €3,249 | €84 | -€3,165 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €90,551 | €126,231 | +€35,680 | +39.4% |
| Income taxes | 67/77 | €19,627 | €28,792 | +€9,165 | +46.7% |
| Profit (loss) for the period | 9904 | €70,923 | €97,438 | +€26,515 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,923 | €97,438 | +€26,515 | +37.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.