FEYEN S.A.: 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.
FEYEN S.A.
Largest movements
- Cash +€422,061
up €422,061 (+139%), from €303,472 to €725,532
mainly Net result for the year (+€420,383) and Current investments (+€420,000)
- Current investments -€420,000
down €420,000 (-27.9%), from €1.5m to €1.1m
- Receivables within one year +€156,618
up €156,618 (+88.4%), from €177,077 to €333,695
of which Trade receivables: +€164,050
- Tangible fixed assets -€46,525
down €46,525 (-6.2%), from €754,554 to €708,029
of which Furniture and vehicles: -€35,179
- Reserves +€171,932
up €171,932 (+7.5%), from €2.3m to €2.5m
of which Distributable reserves: +€87,985
- Other debts -€146,400
down €146,400 (-36.6%), from €400,000 to €253,600
- Tax, wage and social debts +€31,620
up €31,620 (+55.3%), from €57,180 to €88,800
of which Taxes: +€17,736
- Gross operating margin +€70,146
up €70,146 (+6.9%), from €1.0m to €1.1m
- Depreciation -€47,479
down €47,479 (-29.7%), from €160,042 to €112,563
- Staff costs +€32,342
up €32,342 (+8.3%), from €390,164 to €422,506
- Financial income -€13,699
down €13,699 (-44.0%), from €31,117 to €17,418
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 | €2,891,409 | €3,008,552 | +€117,143 | +4.1% |
| Fixed assets | 21/28 | €904,554 | €858,029 | -€46,525 | -5.1% |
| Tangible fixed assets | 22/27 | €754,554 | €708,029 | -€46,525 | -6.2% |
| Land and buildings | 22 | €412,211 | €402,208 | -€10,002 | -2.4% |
| Plant, machinery and equipment | 23 | €61,584 | €60,240 | -€1,344 | -2.2% |
| Furniture and vehicles | 24 | €280,759 | €245,580 | -€35,179 | -12.5% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €1,986,855 | €2,150,523 | +€163,668 | +8.2% |
| Amounts receivable within one year | 40/41 | €177,077 | €333,695 | +€156,618 | +88.4% |
| Trade receivables | 40 | €162,876 | €326,926 | +€164,050 | +101% |
| Other amounts receivable | 41 | €14,201 | €6,769 | -€7,431 | -52.3% |
| Current investments | 50/53 | €1,504,000 | €1,084,000 | -€420,000 | -27.9% |
| Cash at bank and in hand | 54/58 | €303,472 | €725,532 | +€422,061 | +139% |
| Deferred charges and accrued income | 490/1 | €2,307 | €7,296 | +€4,989 | +216% |
| Total equity and liabilities | 10/49 | €2,891,409 | €3,008,552 | +€117,143 | +4.1% |
| Equity | 10/15 | €2,345,898 | €2,516,281 | +€170,383 | +7.3% |
| 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 | €2,282,350 | €2,454,281 | +€171,932 | +7.5% |
| Non-distributable reserves | 130/1 | €540,200 | €540,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €534,000 | €534,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €437,150 | €521,097 | +€83,947 | +19.2% |
| Distributable reserves | 133 | €1,305,000 | €1,392,985 | +€87,985 | +6.7% |
| Profit (loss) carried forward | 14 | €1,549 | - | -€1,549 | |
| Provisions and deferred taxes | 16 | - | €4,649 | +€4,649 | |
| Deferred taxes | 168 | - | €4,649 | +€4,649 | |
| Amounts payable | 17/49 | €545,511 | €487,621 | -€57,889 | -10.6% |
| Amounts payable within one year | 42/48 | €545,511 | €478,067 | -€67,444 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €2,750 | - | -€2,750 | |
| Trade debts | 44 | €41,037 | €62,132 | +€21,095 | +51.4% |
| Suppliers | 440/4 | €41,037 | €62,132 | +€21,095 | +51.4% |
| Advances received on contracts in progress | 46 | €44,544 | €73,535 | +€28,991 | +65.1% |
| Taxes, remuneration and social security | 45 | €57,180 | €88,800 | +€31,620 | +55.3% |
| Taxes | 450/3 | €8,282 | €26,018 | +€17,736 | +214% |
| Remuneration and social security | 454/9 | €48,898 | €62,782 | +€13,884 | +28.4% |
| Other amounts payable | 47/48 | €400,000 | €253,600 | -€146,400 | -36.6% |
| Accrued charges and deferred income | 492/3 | - | €9,555 | +€9,555 | |
| Non-recurring operating income | 76A | €4,913 | €90,643 | +€85,730 | +1,745% |
| Remuneration, social security and pensions | 62 | €390,164 | €422,506 | +€32,342 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,042 | €112,563 | -€47,479 | -29.7% |
| Other operating charges | 640/8 | €28,093 | €24,782 | -€3,311 | -11.8% |
| Non-recurring operating charges | 66A | - | €1,046 | +€1,046 | |
| Gross operating margin | 9900 | €1,009,553 | €1,079,699 | +€70,146 | +6.9% |
| Operating profit (loss) | 9901 | €431,254 | €518,803 | +€87,548 | +20.3% |
| Financial income | 75/76B | €31,117 | €17,418 | -€13,699 | -44.0% |
| Recurring financial income | 75 | €31,117 | €17,418 | -€13,699 | -44.0% |
| Financial charges | 65/66B | €2,190 | €1,400 | -€789 | -36.0% |
| Recurring financial charges | 65 | €2,190 | €1,400 | -€789 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €460,181 | €534,820 | +€74,639 | +16.2% |
| Transfer from deferred taxes | 780 | - | €512 | +€512 | |
| Transfer to deferred taxes | 680 | - | €5,161 | +€5,161 | |
| Income taxes | 67/77 | €111,491 | €109,788 | -€1,703 | -1.5% |
| Profit (loss) for the period | 9904 | €348,690 | €420,383 | +€71,693 | +20.6% |
| Transfer from tax-exempt reserves | 789 | - | €1,536 | +€1,536 | |
| Transfer to tax-exempt reserves | 689 | €4,913 | €85,482 | +€80,569 | +1,640% |
| Profit (loss) for the period to be appropriated | 9905 | €343,777 | €336,436 | -€7,341 | -2.1% |
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 18 October 2026 via checked.be.