Feyaerts Bouw: 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.
Feyaerts Bouw
Largest movements
- Cash +€61,008
up €61,008 (+375%), from €16,290 to €77,298
mainly Debts after one year (+€118,501) and Depreciation (+€72,221)
- Tangible fixed assets +€50,043
up €50,043 (+11.4%), from €438,054 to €488,098
of which Plant, machinery and equipment: +€102,959
- Debts after one year +€118,501
up €118,501 (+55.1%), from €214,877 to €333,378
of which Financial debts: +€118,501
- Reserves -€14,825
down €14,825 (-9.4%), from €157,965 to €143,139
of which Distributable reserves: -€14,825
- Depreciation +€25,537
up €25,537 (+54.7%), from €46,684 to €72,221
- Gross operating margin +€18,728
up €18,728 (+9.2%), from €204,269 to €222,996
- Staff costs -€11,801
down €11,801 (-7.2%), from €164,395 to €152,594
- Taxes +€8,868
no longer reported in 2025 (was -€8,868)
- Financial charges +€3,416
up €3,416 (+34.7%), from €9,850 to €13,266
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.
Derived cash bridge
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 | €493,428 | €600,099 | +€106,671 | +21.6% |
| Fixed assets | 21/28 | €438,054 | €488,098 | +€50,043 | +11.4% |
| Tangible fixed assets | 22/27 | €438,054 | €488,098 | +€50,043 | +11.4% |
| Land and buildings | 22 | €428,478 | €381,947 | -€46,531 | -10.9% |
| Plant, machinery and equipment | 23 | - | €102,959 | +€102,959 | |
| Furniture and vehicles | 24 | €9,576 | €3,192 | -€6,384 | -66.7% |
| Current assets | 29/58 | €55,374 | €112,001 | +€56,627 | +102% |
| Amounts receivable within one year | 40/41 | €39,084 | €34,703 | -€4,381 | -11.2% |
| Trade receivables | 40 | €36,084 | €34,551 | -€1,533 | -4.2% |
| Other amounts receivable | 41 | €3,000 | €152 | -€2,848 | -94.9% |
| Cash at bank and in hand | 54/58 | €16,290 | €77,298 | +€61,008 | +375% |
| Total equity and liabilities | 10/49 | €493,428 | €600,099 | +€106,671 | +21.6% |
| Equity | 10/15 | €219,965 | €205,139 | -€14,825 | -6.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €157,965 | €143,139 | -€14,825 | -9.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €151,765 | €136,939 | -€14,825 | -9.8% |
| Amounts payable | 17/49 | €273,463 | €394,959 | +€121,496 | +44.4% |
| Amounts payable after more than one year | 17 | €214,877 | €333,378 | +€118,501 | +55.1% |
| Financial debts | 170/4 | €214,127 | €332,628 | +€118,501 | +55.3% |
| Other amounts payable | 178/9 | €750 | €750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,586 | €61,581 | +€2,995 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €49,456 | €50,643 | +€1,187 | +2.4% |
| Trade debts | 44 | - | €2,097 | +€2,097 | |
| Suppliers | 440/4 | - | €2,097 | +€2,097 | |
| Taxes, remuneration and social security | 45 | €9,131 | €8,842 | -€289 | -3.2% |
| Taxes | 450/3 | €4,348 | €2,849 | -€1,499 | -34.5% |
| Remuneration and social security | 454/9 | €4,783 | €5,993 | +€1,211 | +25.3% |
| Remuneration, social security and pensions | 62 | €164,395 | €152,594 | -€11,801 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,684 | €72,221 | +€25,537 | +54.7% |
| Gross operating margin | 9900 | €204,269 | €222,996 | +€18,728 | +9.2% |
| Operating profit (loss) | 9901 | -€6,810 | -€1,819 | +€4,991 | +73.3% |
| Financial income | 75/76B | €12 | €260 | +€248 | +2,141% |
| Recurring financial income | 75 | €12 | €260 | +€248 | +2,141% |
| Financial charges | 65/66B | €9,850 | €13,266 | +€3,416 | +34.7% |
| Recurring financial charges | 65 | €9,850 | €13,266 | +€3,416 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,649 | -€14,825 | +€1,823 | +11.0% |
| Income taxes | 67/77 | -€8,868 | - | +€8,868 | |
| Profit (loss) for the period | 9904 | -€7,780 | -€14,825 | -€7,045 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,780 | -€14,825 | -€7,045 | -90.5% |
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 26 October 2026 via checked.be.