FETON: 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.
FETON
Largest movements
- Cash -€126,148
down €126,148 (-75.6%), from €166,921 to €40,773
mainly Current investments (-€109,900) and Receivables within one year (-€16,086)
- Current investments +€109,900
up €109,900 (+27.5%), from €400,000 to €509,900
- Receivables within one year +€16,086
up €16,086 (+8.0%), from €202,090 to €218,176
of which Other amounts receivable: +€24,186
- Tangible fixed assets -€12,085
down €12,085 (-24.7%), from €48,985 to €36,899
of which Land and buildings: -€7,922
- Trade debts -€11,586
down €11,586 (-68.3%), from €16,959 to €5,373
- Financial income +€12,985
up €12,985 (+125.4%), from €10,351 to €23,336
- Gross operating margin -€1,489
down €1,489 (-22.7%), from -€6,553 to -€8,043
- Depreciation -€674
down €674 (-5.3%), from €12,759 to €12,085
- Staff costs +€573
new in 2025: €573
- Other operating charges -€513
down €513 (-14.0%), from €3,667 to €3,154
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 | €818,329 | €806,088 | -€12,241 | -1.5% |
| Fixed assets | 21/28 | €48,985 | €36,899 | -€12,085 | -24.7% |
| Tangible fixed assets | 22/27 | €48,985 | €36,899 | -€12,085 | -24.7% |
| Land and buildings | 22 | €44,456 | €36,534 | -€7,922 | -17.8% |
| Plant, machinery and equipment | 23 | €4,528 | €365 | -€4,163 | -91.9% |
| Current assets | 29/58 | €769,344 | €769,188 | -€156 | 0.0% |
| Amounts receivable within one year | 40/41 | €202,090 | €218,176 | +€16,086 | +8.0% |
| Trade receivables | 40 | €8,229 | €129 | -€8,100 | -98.4% |
| Other amounts receivable | 41 | €193,862 | €218,047 | +€24,186 | +12.5% |
| Current investments | 50/53 | €400,000 | €509,900 | +€109,900 | +27.5% |
| Cash at bank and in hand | 54/58 | €166,921 | €40,773 | -€126,148 | -75.6% |
| Deferred charges and accrued income | 490/1 | €332 | €339 | +€7 | +2.1% |
| Total equity and liabilities | 10/49 | €818,329 | €806,088 | -€12,241 | -1.5% |
| Equity | 10/15 | €795,822 | €795,166 | -€655 | -0.1% |
| Contributions | 10/11 | €171,600 | €171,600 | = | 0.0% |
| Reserves | 13 | €705,433 | €705,433 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €686,683 | €686,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,211 | -€81,866 | -€655 | -0.8% |
| Amounts payable | 17/49 | €22,507 | €10,921 | -€11,586 | -51.5% |
| Amounts payable within one year | 42/48 | €22,507 | €10,921 | -€11,586 | -51.5% |
| Trade debts | 44 | €16,959 | €5,373 | -€11,586 | -68.3% |
| Suppliers | 440/4 | €16,959 | €5,373 | -€11,586 | -68.3% |
| Other amounts payable | 47/48 | €5,548 | €5,548 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €573 | +€573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,759 | €12,085 | -€674 | -5.3% |
| Other operating charges | 640/8 | €3,667 | €3,154 | -€513 | -14.0% |
| Gross operating margin | 9900 | -€6,553 | -€8,043 | -€1,489 | -22.7% |
| Operating profit (loss) | 9901 | -€22,980 | -€23,854 | -€875 | -3.8% |
| Financial income | 75/76B | €10,351 | €23,336 | +€12,985 | +125.4% |
| Recurring financial income | 75 | €10,351 | €23,336 | +€12,985 | +125.4% |
| Financial charges | 65/66B | €123 | €136 | +€14 | +11.2% |
| Recurring financial charges | 65 | €123 | €136 | +€14 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,751 | -€655 | +€12,096 | +94.9% |
| Profit (loss) for the period | 9904 | -€12,751 | -€655 | +€12,096 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,751 | -€655 | +€12,096 | +94.9% |
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.