FETTAOGLU HACI: 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.
FETTAOGLU HACI
Largest movements
- Cash -€12,393
down €12,393 (-73.6%), from €16,833 to €4,440
mainly Net result for the year (-€14,797)
- Stocks and contracts -€395
down €395 (-14.6%), from €2,704 to €2,309
- Tangible fixed assets -€333
no longer reported in 2025 (was €333)
- Profit (loss) carried forward -€14,797
down €14,797 (-16.3%), from -€90,826 to -€105,622
- Other debts +€1,164
up €1,164 (+1.5%), from €78,953 to €80,117
- Tax, wage and social debts +€417
up €417 (+30.7%), from €1,361 to €1,778
- Gross operating margin -€27,035
down €27,035, from €14,859 to -€12,176
- Other operating charges -€1,015
down €1,015 (-32.6%), from €3,111 to €2,096
- Depreciation -€887
down €887 (-72.7%), from €1,220 to €333
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 | €19,870 | €6,749 | -€13,121 | -66.0% |
| Fixed assets | 21/28 | €333 | - | -€333 | |
| Tangible fixed assets | 22/27 | €333 | - | -€333 | |
| Land and buildings | 22 | €333 | - | -€333 | |
| Current assets | 29/58 | €19,536 | €6,749 | -€12,788 | -65.5% |
| Stocks and contracts in progress | 3 | €2,704 | €2,309 | -€395 | -14.6% |
| Stocks | 30/36 | €2,704 | €2,309 | -€395 | -14.6% |
| Cash at bank and in hand | 54/58 | €16,833 | €4,440 | -€12,393 | -73.6% |
| Total equity and liabilities | 10/49 | €19,870 | €6,749 | -€13,121 | -66.0% |
| Equity | 10/15 | -€61,849 | -€76,646 | -€14,797 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,376 | €10,376 | = | 0.0% |
| Distributable reserves | 133 | €10,376 | €10,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,826 | -€105,622 | -€14,797 | -16.3% |
| Amounts payable | 17/49 | €81,719 | €83,395 | +€1,676 | +2.1% |
| Amounts payable within one year | 42/48 | €81,719 | €83,395 | +€1,676 | +2.1% |
| Trade debts | 44 | €1,405 | €1,500 | +€95 | +6.8% |
| Suppliers | 440/4 | €1,405 | €1,500 | +€95 | +6.8% |
| Taxes, remuneration and social security | 45 | €1,361 | €1,778 | +€417 | +30.7% |
| Taxes | 450/3 | €1,361 | €1,778 | +€417 | +30.7% |
| Other amounts payable | 47/48 | €78,953 | €80,117 | +€1,164 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €333 | -€887 | -72.7% |
| Other operating charges | 640/8 | €3,111 | €2,096 | -€1,015 | -32.6% |
| Gross operating margin | 9900 | €14,859 | -€12,176 | -€27,035 | |
| Operating profit (loss) | 9901 | €10,529 | -€14,605 | -€25,134 | |
| Financial charges | 65/66B | €152 | €192 | +€39 | +25.9% |
| Recurring financial charges | 65 | €152 | €192 | +€39 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €10,376 | -€14,797 | -€25,173 | |
| Profit (loss) for the period | 9904 | €10,376 | -€14,797 | -€25,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,376 | -€14,797 | -€25,173 |
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 4 October 2026 via checked.be.