Fey Consult: 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.
Fey Consult
Largest movements
- Cash -€13,335
down €13,335 (-19.3%), from €69,137 to €55,802
mainly Contributions, distributions and other (-€64,706) and Receivables within one year (-€5,532)
- Receivables within one year +€5,532
up €5,532 (+45.3%), from €12,223 to €17,755
of which Trade receivables: +€8,289
- Profit (loss) carried forward -€11,759
down €11,759 (-18.3%), from €64,153 to €52,395
- Tax, wage and social debts +€4,060
up €4,060 (+28.0%), from €14,525 to €18,585
- Other debts -€2,152
no longer reported in 2025 (was €2,152)
- Trade debts +€1,479
up €1,479 (+378.6%), from €391 to €1,870
- Gross operating margin +€51,844
up €51,844 (+243.3%), from €21,311 to €73,155
- Taxes +€11,601
up €11,601 (+229.2%), from €5,061 to €16,662
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 | €84,221 | €75,850 | -€8,371 | -9.9% |
| Fixed assets | 21/28 | €2,861 | €2,293 | -€568 | -19.9% |
| Tangible fixed assets | 22/27 | €2,861 | €2,293 | -€568 | -19.9% |
| Furniture and vehicles | 24 | €2,861 | €2,293 | -€568 | -19.9% |
| Current assets | 29/58 | €81,360 | €73,557 | -€7,803 | -9.6% |
| Amounts receivable within one year | 40/41 | €12,223 | €17,755 | +€5,532 | +45.3% |
| Trade receivables | 40 | €3,676 | €11,965 | +€8,289 | +225.5% |
| Other amounts receivable | 41 | €8,547 | €5,790 | -€2,757 | -32.3% |
| Cash at bank and in hand | 54/58 | €69,137 | €55,802 | -€13,335 | -19.3% |
| Total equity and liabilities | 10/49 | €84,221 | €75,850 | -€8,371 | -9.9% |
| Equity | 10/15 | €67,153 | €55,395 | -€11,759 | -17.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,153 | €52,395 | -€11,759 | -18.3% |
| Amounts payable | 17/49 | €17,068 | €20,455 | +€3,387 | +19.8% |
| Amounts payable within one year | 42/48 | €17,068 | €20,455 | +€3,387 | +19.8% |
| Trade debts | 44 | €391 | €1,870 | +€1,479 | +378.6% |
| Suppliers | 440/4 | €391 | €1,870 | +€1,479 | +378.6% |
| Taxes, remuneration and social security | 45 | €14,525 | €18,585 | +€4,060 | +28.0% |
| Taxes | 450/3 | €14,525 | €18,585 | +€4,060 | +28.0% |
| Other amounts payable | 47/48 | €2,152 | - | -€2,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,243 | €1,455 | +€212 | +17.1% |
| Other operating charges | 640/8 | €664 | €682 | +€18 | +2.7% |
| Gross operating margin | 9900 | €21,311 | €73,155 | +€51,844 | +243.3% |
| Operating profit (loss) | 9901 | €19,404 | €71,018 | +€51,614 | +266.0% |
| Financial income | 75/76B | €0 | €3 | +€3 | +1400.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1400.0% |
| Financial charges | 65/66B | €1,302 | €1,412 | +€109 | +8.4% |
| Recurring financial charges | 65 | €1,302 | €1,412 | +€109 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €18,102 | €69,609 | +€51,507 | +284.5% |
| Income taxes | 67/77 | €5,061 | €16,662 | +€11,601 | +229.2% |
| Profit (loss) for the period | 9904 | €13,041 | €52,947 | +€39,906 | +306.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,041 | €52,947 | +€39,906 | +306.0% |
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 10 October 2026 via checked.be.