FETIKO: what changed
FETIKO
Largest movements
- Cash +€157,360
up €157,360 (+84.7%), from €185,689 to €343,049
mainly Receivables within one year (+€145,654) and Investment in fixed assets (net) (+€108,653)
- Financial fixed assets -€155,200
down €155,200 (-14.9%), from €1.0m to €884,458
- Receivables within one year -€145,654
down €145,654 (-52.0%), from €279,848 to €134,194
of which Other amounts receivable: -€102,094
- Tangible fixed assets +€25,953
up €25,953 (+10.1%), from €256,099 to €282,052
of which Furniture and vehicles: +€38,450
- Profit (loss) carried forward -€111,976
down €111,976 (-76.5%), from -€146,310 to -€258,286
- Financial charges +€108,848
up €108,848 (+95,758%), from €114 to €108,962
- Depreciation +€7,793
up €7,793 (+60.9%), from €12,801 to €20,594
- Gross operating margin +€7,348
up €7,348 (+81.5%), from €9,016 to €16,364
- Financial income -€4,751
down €4,751 (-38.4%), from €12,363 to €7,612
- Other operating charges +€1,326
up €1,326 (+29.1%), from €4,558 to €5,884
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,764,111 | €1,648,607 | -€115,503 | -6.5% |
| Fixed assets | 21/28 | €1,295,757 | €1,166,510 | -€129,247 | -10.0% |
| Tangible fixed assets | 22/27 | €256,099 | €282,052 | +€25,953 | +10.1% |
| Land and buildings | 22 | €255,885 | €243,514 | -€12,372 | -4.8% |
| Plant, machinery and equipment | 23 | €125 | €0 | -€125 | -100% |
| Furniture and vehicles | 24 | €89 | €38,538 | +€38,450 | +43,328% |
| Financial fixed assets | 28 | €1,039,658 | €884,458 | -€155,200 | -14.9% |
| Current assets | 29/58 | €468,354 | €482,098 | +€13,744 | +2.9% |
| Amounts receivable within one year | 40/41 | €279,848 | €134,194 | -€145,654 | -52.0% |
| Trade receivables | 40 | €43,560 | €0 | -€43,560 | -100% |
| Other amounts receivable | 41 | €236,288 | €134,194 | -€102,094 | -43.2% |
| Cash at bank and in hand | 54/58 | €185,689 | €343,049 | +€157,360 | +84.7% |
| Deferred charges and accrued income | 490/1 | €2,817 | €4,855 | +€2,038 | +72.3% |
| Total equity and liabilities | 10/49 | €1,764,111 | €1,648,607 | -€115,503 | -6.5% |
| Equity | 10/15 | €1,759,174 | €1,647,199 | -€111,976 | -6.4% |
| Contributions | 10/11 | €1,763,600 | €1,763,600 | = | 0.0% |
| Reserves | 13 | €141,885 | €141,885 | = | 0.0% |
| Distributable reserves | 133 | €141,885 | €141,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,310 | -€258,286 | -€111,976 | -76.5% |
| Amounts payable | 17/49 | €4,936 | €1,409 | -€3,528 | -71.5% |
| Amounts payable within one year | 42/48 | €4,936 | €1,409 | -€3,528 | -71.5% |
| Trade debts | 44 | €890 | €1,279 | +€389 | +43.7% |
| Suppliers | 440/4 | €890 | €1,279 | +€389 | +43.7% |
| Taxes, remuneration and social security | 45 | €4,047 | €130 | -€3,917 | -96.8% |
| Taxes | 450/3 | €4,047 | €130 | -€3,917 | -96.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,801 | €20,594 | +€7,793 | +60.9% |
| Other operating charges | 640/8 | €4,558 | €5,884 | +€1,326 | +29.1% |
| Gross operating margin | 9900 | €9,016 | €16,364 | +€7,348 | +81.5% |
| Operating profit (loss) | 9901 | -€8,343 | -€10,114 | -€1,771 | -21.2% |
| Financial income | 75/76B | €12,363 | €7,612 | -€4,751 | -38.4% |
| Recurring financial income | 75 | €12,363 | €7,612 | -€4,751 | -38.4% |
| Financial charges | 65/66B | €114 | €108,962 | +€108,848 | +95,758% |
| Recurring financial charges | 65 | €114 | €108,962 | +€108,848 | +95,758% |
| Profit (loss) for the period before taxes | 9903 | €3,907 | -€111,464 | -€115,370 | |
| Income taxes | 67/77 | €231 | €512 | +€281 | +122% |
| Profit (loss) for the period | 9904 | €3,676 | -€111,976 | -€115,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,676 | -€111,976 | -€115,651 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.