FEYAERTS: 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.
FEYAERTS
Largest movements
- Cash -€48,967
down €48,967 (-46.3%), from €105,754 to €56,787
mainly Contributions, distributions and other (-€126,889) and Net result for the year (-€19,925)
- Tangible fixed assets -€16,095
down €16,095 (-13.4%), from €119,754 to €103,659
of which Land and buildings: -€10,899
- Receivables within one year -€12,730
no longer reported in 2025 (was €12,730)
of which Other amounts receivable: -€10,000
- Reserves -€126,889
down €126,889 (-90.2%), from €140,715 to €13,826
- Other debts +€73,079
up €73,079 (+172560.2%), from €42 to €73,122
- Profit (loss) carried forward -€19,925
down €19,925 (-129.6%), from -€15,379 to -€35,304
- Debts after one year -€6,086
down €6,086 (-7.6%), from €79,790 to €73,704
- Tax, wage and social debts +€3,688
up €3,688 (+253.6%), from €1,454 to €5,142
- Gross operating margin -€4,616
down €4,616 (-27.9%), from €16,531 to €11,915
- Depreciation -€2,441
down €2,441 (-13.2%), from €18,536 to €16,095
- Taxes +€698
up €698 (+613.4%), from €114 to €812
- Other operating charges -€447
down €447 (-3.5%), from €12,697 to €12,249
- Financial charges -€358
down €358 (-11.8%), from €3,041 to €2,684
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 | €241,090 | €162,130 | -€78,961 | -32.8% |
| Fixed assets | 21/28 | €119,754 | €103,659 | -€16,095 | -13.4% |
| Tangible fixed assets | 22/27 | €119,754 | €103,659 | -€16,095 | -13.4% |
| Land and buildings | 22 | €114,068 | €103,169 | -€10,899 | -9.6% |
| Furniture and vehicles | 24 | €1,545 | - | -€1,545 | |
| Leasing and similar rights | 25 | €4,140 | €490 | -€3,650 | -88.2% |
| Current assets | 29/58 | €121,337 | €58,471 | -€62,866 | -51.8% |
| Amounts receivable within one year | 40/41 | €12,730 | - | -€12,730 | |
| Trade receivables | 40 | €2,730 | - | -€2,730 | |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €105,754 | €56,787 | -€48,967 | -46.3% |
| Deferred charges and accrued income | 490/1 | €2,853 | €1,684 | -€1,169 | -41.0% |
| Total equity and liabilities | 10/49 | €241,090 | €162,130 | -€78,961 | -32.8% |
| Equity | 10/15 | €150,127 | €3,312 | -€146,815 | -97.8% |
| Contributions | 10/11 | €24,790 | €24,790 | = | 0.0% |
| Reserves | 13 | €140,715 | €13,826 | -€126,889 | -90.2% |
| Distributable reserves | 133 | €140,715 | €13,826 | -€126,889 | -90.2% |
| Profit (loss) carried forward | 14 | -€15,379 | -€35,304 | -€19,925 | -129.6% |
| Amounts payable | 17/49 | €90,964 | €158,818 | +€67,854 | +74.6% |
| Amounts payable after more than one year | 17 | €79,790 | €73,704 | -€6,086 | -7.6% |
| Financial debts | 170/4 | €79,790 | €73,704 | -€6,086 | -7.6% |
| Amounts payable within one year | 42/48 | €11,173 | €85,114 | +€73,940 | +661.7% |
| Current portion of amounts payable after more than one year | 42 | €9,677 | €6,086 | -€3,591 | -37.1% |
| Trade debts | 44 | - | €764 | +€764 | |
| Suppliers | 440/4 | - | €764 | +€764 | |
| Taxes, remuneration and social security | 45 | €1,454 | €5,142 | +€3,688 | +253.6% |
| Taxes | 450/3 | €1,454 | €5,142 | +€3,688 | +253.6% |
| Other amounts payable | 47/48 | €42 | €73,122 | +€73,079 | +172560.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,536 | €16,095 | -€2,441 | -13.2% |
| Other operating charges | 640/8 | €12,697 | €12,249 | -€447 | -3.5% |
| Gross operating margin | 9900 | €16,531 | €11,915 | -€4,616 | -27.9% |
| Operating profit (loss) | 9901 | -€14,702 | -€16,429 | -€1,727 | -11.7% |
| Financial charges | 65/66B | €3,041 | €2,684 | -€358 | -11.8% |
| Recurring financial charges | 65 | €3,041 | €2,684 | -€358 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,744 | -€19,113 | -€1,369 | -7.7% |
| Income taxes | 67/77 | €114 | €812 | +€698 | +613.4% |
| Profit (loss) for the period | 9904 | -€17,857 | -€19,925 | -€2,068 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,857 | -€19,925 | -€2,068 | -11.6% |
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 8 October 2026 via checked.be.