FETIKO: what changed
Two fiscal 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.
FETIKO
Largest movements
- Receivables within one year +€6,867
up €6,867 (+75.7%), from €9,075 to €15,942
of which Trade receivables: +€4,677
- Cash +€4,171
up €4,171 (+33.3%), from €12,544 to €16,715
mainly Net result for the year (+€22,339) and Tax, wage and social debts (+€2,627)
- Reserves +€20,407
new in 2025: €20,407
- Profit (loss) carried forward -€14,567
no longer reported in 2025 (was €14,567)
- Tax, wage and social debts +€2,627
up €2,627 (+56.7%), from €4,634 to €7,260
- Trade debts +€2,199
up €2,199 (+269.4%), from €816 to €3,015
- Gross operating margin +€3,708
up €3,708 (+13.3%), from €27,822 to €31,530
- Taxes +€1,553
up €1,553 (+31.9%), from €4,861 to €6,414
- Financial charges +€725
up €725 (+50.3%), from €1,442 to €2,167
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 | €22,517 | €33,182 | +€10,664 | +47.4% |
| Fixed assets | 21/28 | €457 | €216 | -€241 | -52.7% |
| Tangible fixed assets | 22/27 | €457 | €216 | -€241 | -52.7% |
| Plant, machinery and equipment | 23 | €457 | €216 | -€241 | -52.7% |
| Current assets | 29/58 | €22,060 | €32,965 | +€10,905 | +49.4% |
| Amounts receivable within one year | 40/41 | €9,075 | €15,942 | +€6,867 | +75.7% |
| Trade receivables | 40 | €9,075 | €13,752 | +€4,677 | +51.5% |
| Other amounts receivable | 41 | - | €2,190 | +€2,190 | |
| Cash at bank and in hand | 54/58 | €12,544 | €16,715 | +€4,171 | +33.3% |
| Deferred charges and accrued income | 490/1 | €441 | €308 | -€133 | -30.1% |
| Total equity and liabilities | 10/49 | €22,517 | €33,182 | +€10,664 | +47.4% |
| Equity | 10/15 | €17,067 | €22,907 | +€5,839 | +34.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €20,407 | +€20,407 | |
| Distributable reserves | 133 | - | €20,407 | +€20,407 | |
| Profit (loss) carried forward | 14 | €14,567 | - | -€14,567 | |
| Amounts payable | 17/49 | €5,450 | €10,275 | +€4,825 | +88.5% |
| Amounts payable within one year | 42/48 | €5,450 | €10,275 | +€4,825 | +88.5% |
| Trade debts | 44 | €816 | €3,015 | +€2,199 | +269.4% |
| Suppliers | 440/4 | €816 | €3,015 | +€2,199 | +269.4% |
| Taxes, remuneration and social security | 45 | €4,634 | €7,260 | +€2,627 | +56.7% |
| Taxes | 450/3 | €4,634 | €7,260 | +€2,627 | +56.7% |
| Remuneration, social security and pensions | 62 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241 | €241 | = | 0.0% |
| Other operating charges | 640/8 | €281 | €339 | +€59 | +20.9% |
| Gross operating margin | 9900 | €27,822 | €31,530 | +€3,708 | +13.3% |
| Operating profit (loss) | 9901 | €27,301 | €30,920 | +€3,619 | +13.3% |
| Financial income | 75/76B | €87 | - | -€87 | |
| Recurring financial income | 75 | €87 | - | -€87 | |
| Financial charges | 65/66B | €1,442 | €2,167 | +€725 | +50.3% |
| Recurring financial charges | 65 | €1,442 | €2,167 | +€725 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €25,946 | €28,753 | +€2,807 | +10.8% |
| Income taxes | 67/77 | €4,861 | €6,414 | +€1,553 | +31.9% |
| Profit (loss) for the period | 9904 | €21,085 | €22,339 | +€1,254 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,085 | €22,339 | +€1,254 | +5.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.