FEYCON: 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.
FEYCON
Largest movements
- Tangible fixed assets +€41,584
up €41,584 (+1,605%), from €2,591 to €44,175
- Cash +€15,538
up €15,538 (+35.3%), from €43,994 to €59,532
mainly Other debts (+€81,210) and Net result for the year (+€47,443)
- Receivables within one year -€1,895
down €1,895 (-5.7%), from €33,445 to €31,550
of which Other amounts receivable: -€1,000
- Other debts +€81,210
up €81,210 (+10,531%), from €771 to €81,981
- Reserves -€62,557
down €62,557 (-92.8%), from €67,377 to €4,821
- Debts after one year +€26,921
new in 2025: €26,921
- Current portion of long-term debt +€11,436
new in 2025: €11,436
- Tax, wage and social debts -€1,939
down €1,939 (-19.0%), from €10,184 to €8,246
- Gross operating margin +€1,525
up €1,525 (+2.1%), from €71,372 to €72,898
- Depreciation -€1,405
down €1,405 (-12.3%), from €11,454 to €10,050
- Financial charges +€1,012
up €1,012 (+158%), from €643 to €1,655
- Taxes +€876
up €876 (+7.1%), from €12,412 to €13,288
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 | €84,008 | €139,263 | +€55,255 | +65.8% |
| Fixed assets | 21/28 | €2,591 | €44,175 | +€41,584 | +1,605% |
| Tangible fixed assets | 22/27 | €2,591 | €44,175 | +€41,584 | +1,605% |
| Furniture and vehicles | 24 | €2,591 | €44,175 | +€41,584 | +1,605% |
| Current assets | 29/58 | €81,417 | €95,088 | +€13,671 | +16.8% |
| Stocks and contracts in progress | 3 | €1,698 | €427 | -€1,270 | -74.8% |
| Stocks | 30/36 | €1,698 | €427 | -€1,270 | -74.8% |
| Amounts receivable within one year | 40/41 | €33,445 | €31,550 | -€1,895 | -5.7% |
| Trade receivables | 40 | €30,445 | €29,550 | -€895 | -2.9% |
| Other amounts receivable | 41 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €43,994 | €59,532 | +€15,538 | +35.3% |
| Deferred charges and accrued income | 490/1 | €2,280 | €3,579 | +€1,299 | +57.0% |
| Total equity and liabilities | 10/49 | €84,008 | €139,263 | +€55,255 | +65.8% |
| Equity | 10/15 | €72,377 | €9,821 | -€62,557 | -86.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,377 | €4,821 | -€62,557 | -92.8% |
| Distributable reserves | 133 | €67,377 | €4,821 | -€62,557 | -92.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,631 | €129,442 | +€117,812 | +1,013% |
| Amounts payable after more than one year | 17 | - | €26,921 | +€26,921 | |
| Financial debts | 170/4 | - | €26,921 | +€26,921 | |
| Amounts payable within one year | 42/48 | €11,631 | €102,456 | +€90,825 | +781% |
| Current portion of amounts payable after more than one year | 42 | - | €11,436 | +€11,436 | |
| Trade debts | 44 | €675 | €794 | +€118 | +17.5% |
| Suppliers | 440/4 | €675 | €794 | +€118 | +17.5% |
| Taxes, remuneration and social security | 45 | €10,184 | €8,246 | -€1,939 | -19.0% |
| Taxes | 450/3 | €10,184 | €8,246 | -€1,939 | -19.0% |
| Other amounts payable | 47/48 | €771 | €81,981 | +€81,210 | +10,531% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,454 | €10,050 | -€1,405 | -12.3% |
| Other operating charges | 640/8 | €633 | €717 | +€84 | +13.2% |
| Gross operating margin | 9900 | €71,372 | €72,898 | +€1,525 | +2.1% |
| Operating profit (loss) | 9901 | €59,285 | €62,131 | +€2,846 | +4.8% |
| Financial income | 75/76B | €7 | €255 | +€248 | +3,373% |
| Recurring financial income | 75 | €7 | €255 | +€248 | +3,373% |
| Financial charges | 65/66B | €643 | €1,655 | +€1,012 | +158% |
| Recurring financial charges | 65 | €643 | €1,655 | +€1,012 | +158% |
| Profit (loss) for the period before taxes | 9903 | €58,649 | €60,731 | +€2,082 | +3.5% |
| Income taxes | 67/77 | €12,412 | €13,288 | +€876 | +7.1% |
| Profit (loss) for the period | 9904 | €46,238 | €47,443 | +€1,206 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,238 | €47,443 | +€1,206 | +2.6% |
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 15 October 2026 via checked.be.