FEXT: 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.
FEXT
Largest movements
- Cash +€57,827
up €57,827 (+42.3%), from €136,707 to €194,534
mainly Other debts (+€110,500) and Net result for the year (+€69,976)
- Intangible fixed assets +€15,169
up €15,169 (+870.4%), from €1,743 to €16,912
- Tangible fixed assets -€4,228
down €4,228 (-47.2%), from €8,962 to €4,733
of which Furniture and vehicles: -€4,143
- Other debts +€110,500
new in 2025: €110,500
- Reserves -€61,000
down €61,000 (-40.1%), from €152,090 to €91,090
- Tax, wage and social debts +€21,251
up €21,251 (+1059.2%), from €2,006 to €23,258
- Gross operating margin -€5,379
down €5,379 (-5.0%), from €107,817 to €102,438
- Depreciation +€4,652
up €4,652 (+113.6%), from €4,094 to €8,746
- Taxes +€4,308
up €4,308 (+20.1%), from €21,450 to €25,758
- Financial income +€3,000
new in 2025: €3,000
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 | €164,680 | €236,382 | +€71,702 | +43.5% |
| Fixed assets | 21/28 | €10,704 | €21,645 | +€10,941 | +102.2% |
| Intangible fixed assets | 21 | €1,743 | €16,912 | +€15,169 | +870.4% |
| Tangible fixed assets | 22/27 | €8,962 | €4,733 | -€4,228 | -47.2% |
| Plant, machinery and equipment | 23 | €124 | €39 | -€85 | -68.3% |
| Furniture and vehicles | 24 | €8,837 | €4,694 | -€4,143 | -46.9% |
| Current assets | 29/58 | €153,976 | €214,736 | +€60,760 | +39.5% |
| Amounts receivable within one year | 40/41 | €15,304 | €16,173 | +€869 | +5.7% |
| Trade receivables | 40 | €13,955 | €14,501 | +€545 | +3.9% |
| Other amounts receivable | 41 | €1,349 | €1,673 | +€324 | +24.0% |
| Cash at bank and in hand | 54/58 | €136,707 | €194,534 | +€57,827 | +42.3% |
| Deferred charges and accrued income | 490/1 | €1,965 | €4,030 | +€2,065 | +105.1% |
| Total equity and liabilities | 10/49 | €164,680 | €236,382 | +€71,702 | +43.5% |
| Equity | 10/15 | €157,090 | €97,066 | -€60,024 | -38.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €152,090 | €91,090 | -€61,000 | -40.1% |
| Distributable reserves | 133 | €152,090 | €91,090 | -€61,000 | -40.1% |
| Profit (loss) carried forward | 14 | - | €976 | +€976 | |
| Amounts payable | 17/49 | €7,590 | €139,316 | +€131,726 | +1735.5% |
| Amounts payable within one year | 42/48 | €7,590 | €139,316 | +€131,726 | +1735.5% |
| Trade debts | 44 | €5,584 | €5,559 | -€25 | -0.5% |
| Suppliers | 440/4 | €5,584 | €5,559 | -€25 | -0.5% |
| Taxes, remuneration and social security | 45 | €2,006 | €23,258 | +€21,251 | +1059.2% |
| Taxes | 450/3 | €2,006 | €23,258 | +€21,251 | +1059.2% |
| Other amounts payable | 47/48 | - | €110,500 | +€110,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,094 | €8,746 | +€4,652 | +113.6% |
| Other operating charges | 640/8 | €659 | €857 | +€198 | +30.1% |
| Gross operating margin | 9900 | €107,817 | €102,438 | -€5,379 | -5.0% |
| Operating profit (loss) | 9901 | €103,064 | €92,835 | -€10,229 | -9.9% |
| Financial income | 75/76B | - | €3,000 | +€3,000 | |
| Recurring financial income | 75 | - | €3,000 | +€3,000 | |
| Financial charges | 65/66B | €153 | €102 | -€51 | -33.1% |
| Recurring financial charges | 65 | €153 | €102 | -€51 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €102,911 | €95,733 | -€7,178 | -7.0% |
| Income taxes | 67/77 | €21,450 | €25,758 | +€4,308 | +20.1% |
| Profit (loss) for the period | 9904 | €81,461 | €69,976 | -€11,486 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,461 | €69,976 | -€11,486 | -14.1% |
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 6 October 2026 via checked.be.