Fetima: 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.
Fetima
Largest movements
- Financial fixed assets +€7,527
up €7,527 (+2.5%), from €303,596 to €311,124
- Current investments +€7,000
new in 2026: €7,000
- Deferred charges and accrued income -€5,528
down €5,528 (-52.5%), from €10,536 to €5,007
- Tangible fixed assets -€4,752
down €4,752 (-17.5%), from €27,127 to €22,375
of which Other tangible fixed assets: -€2,870
- Other debts +€88,027
up €88,027 (+110.0%), from €80,000 to €168,027
- Reserves -€68,245
down €68,245 (-25.6%), from €266,426 to €198,182
- Debts after one year -€16,823
down €16,823 (-100.0%), from €16,823 to €0
- Financial income +€36,164
up €36,164 (+45.7%), from €79,101 to €115,265
- Gross operating margin -€2,952
down €2,952 (-8.0%), from €36,894 to €33,942
- Taxes +€2,218
up €2,218 (+27.7%), from €8,017 to €10,235
- Financial charges -€681
down €681 (-27.6%), from €2,465 to €1,784
- Depreciation +€566
up €566 (+13.5%), from €4,186 to €4,752
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.
Cash bridge derived
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 | €405,622 | €407,251 | +€1,629 | +0.4% |
| Fixed assets | 21/28 | €330,723 | €333,499 | +€2,775 | +0.8% |
| Tangible fixed assets | 22/27 | €27,127 | €22,375 | -€4,752 | -17.5% |
| Furniture and vehicles | 24 | €9,057 | €7,175 | -€1,882 | -20.8% |
| Other tangible fixed assets | 26 | €18,070 | €15,200 | -€2,870 | -15.9% |
| Financial fixed assets | 28 | €303,596 | €311,124 | +€7,527 | +2.5% |
| Current assets | 29/58 | €74,898 | €73,752 | -€1,146 | -1.5% |
| Amounts receivable within one year | 40/41 | €1,285 | €0 | -€1,285 | -100.0% |
| Other amounts receivable | 41 | €1,285 | €0 | -€1,285 | -100.0% |
| Current investments | 50/53 | - | €7,000 | +€7,000 | |
| Cash at bank and in hand | 54/58 | €63,078 | €61,745 | -€1,333 | -2.1% |
| Deferred charges and accrued income | 490/1 | €10,536 | €5,007 | -€5,528 | -52.5% |
| Total equity and liabilities | 10/49 | €405,622 | €407,251 | +€1,629 | +0.4% |
| Equity | 10/15 | €285,026 | €216,782 | -€68,245 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,426 | €198,182 | -€68,245 | -25.6% |
| Distributable reserves | 133 | €266,426 | €198,182 | -€68,245 | -25.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €120,595 | €190,469 | +€69,874 | +57.9% |
| Amounts payable after more than one year | 17 | €16,823 | €0 | -€16,823 | -100.0% |
| Financial debts | 170/4 | €16,823 | €0 | -€16,823 | -100.0% |
| Amounts payable within one year | 42/48 | €103,660 | €190,387 | +€86,727 | +83.7% |
| Current portion of amounts payable after more than one year | 42 | €20,105 | €16,823 | -€3,281 | -16.3% |
| Trade debts | 44 | €3,555 | €3,302 | -€253 | -7.1% |
| Suppliers | 440/4 | €3,555 | €3,302 | -€253 | -7.1% |
| Taxes, remuneration and social security | 45 | €0 | €2,235 | +€2,235 | |
| Taxes | 450/3 | €0 | €2,235 | +€2,235 | |
| Other amounts payable | 47/48 | €80,000 | €168,027 | +€88,027 | +110.0% |
| Accrued charges and deferred income | 492/3 | €112 | €82 | -€30 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,186 | €4,752 | +€566 | +13.5% |
| Other operating charges | 640/8 | €589 | €681 | +€92 | +15.6% |
| Gross operating margin | 9900 | €36,894 | €33,942 | -€2,952 | -8.0% |
| Operating profit (loss) | 9901 | €32,119 | €28,509 | -€3,610 | -11.2% |
| Financial income | 75/76B | €79,101 | €115,265 | +€36,164 | +45.7% |
| Recurring financial income | 75 | €79,101 | €115,265 | +€36,164 | +45.7% |
| Financial charges | 65/66B | €2,465 | €1,784 | -€681 | -27.6% |
| Recurring financial charges | 65 | €2,465 | €1,784 | -€681 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €108,755 | €141,990 | +€33,235 | +30.6% |
| Income taxes | 67/77 | €8,017 | €10,235 | +€2,218 | +27.7% |
| Profit (loss) for the period | 9904 | €100,738 | €131,755 | +€31,017 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €100,738 | €131,755 | +€31,017 | +30.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.