FEYMAN: 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.
FEYMAN
Largest movements
- Receivables within one year +€78,140
up €78,140 (+16.2%), from €480,862 to €559,002
- Cash -€9,411
down €9,411 (-59.7%), from €15,761 to €6,350
mainly Receivables within one year (-€78,140) and Net result for the year (-€5,501)
- Tangible fixed assets -€8,460
down €8,460 (-20.0%), from €42,297 to €33,836
of which Furniture and vehicles: -€8,889
- Tax, wage and social debts +€39,900
up €39,900 (+34.3%), from €116,408 to €156,308
of which Taxes: +€49,400
- Trade debts +€29,239
up €29,239 (+8.5%), from €345,032 to €374,270
- Gross operating margin -€61,617
down €61,617 (-18.9%), from €325,625 to €264,008
- Taxes -€23,772
no longer reported in 2025 (was €23,772)
- Financial charges -€20,196
down €20,196 (-61.1%), from €33,037 to €12,840
of which Financial charges: -€13,282
- Staff costs +€14,289
up €14,289 (+6.2%), from €229,406 to €243,695
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 | €546,923 | €610,112 | +€63,189 | +11.6% |
| Fixed assets | 21/28 | €47,160 | €38,700 | -€8,460 | -17.9% |
| Tangible fixed assets | 22/27 | €42,297 | €33,836 | -€8,460 | -20.0% |
| Plant, machinery and equipment | 23 | €2,546 | €5,771 | +€3,225 | +126.7% |
| Furniture and vehicles | 24 | €22,501 | €13,612 | -€8,889 | -39.5% |
| Other tangible fixed assets | 26 | €17,249 | €14,453 | -€2,796 | -16.2% |
| Financial fixed assets | 28 | €4,863 | €4,863 | = | 0.0% |
| Current assets | 29/58 | €499,763 | €571,412 | +€71,649 | +14.3% |
| Stocks and contracts in progress | 3 | €3,141 | €6,061 | +€2,920 | +93.0% |
| Stocks | 30/36 | €3,141 | €6,061 | +€2,920 | +93.0% |
| Amounts receivable within one year | 40/41 | €480,862 | €559,002 | +€78,140 | +16.2% |
| Other amounts receivable | 41 | €480,862 | €559,002 | +€78,140 | +16.2% |
| Cash at bank and in hand | 54/58 | €15,761 | €6,350 | -€9,411 | -59.7% |
| Total equity and liabilities | 10/49 | €546,923 | €610,112 | +€63,189 | +11.6% |
| Equity | 10/15 | €82,906 | €77,405 | -€5,501 | -6.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €169 | €169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €169 | €169 | = | 0.0% |
| Reserves not available under the articles | 1311 | €169 | €169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,146 | €58,645 | -€5,501 | -8.6% |
| Amounts payable | 17/49 | €464,017 | €532,706 | +€68,690 | +14.8% |
| Amounts payable within one year | 42/48 | €464,017 | €532,706 | +€68,690 | +14.8% |
| Financial debts | 43 | €2,577 | €2,129 | -€449 | -17.4% |
| Credit institutions | 430/8 | €2,577 | €2,129 | -€449 | -17.4% |
| Trade debts | 44 | €345,032 | €374,270 | +€29,239 | +8.5% |
| Suppliers | 440/4 | €345,032 | €374,270 | +€29,239 | +8.5% |
| Taxes, remuneration and social security | 45 | €116,408 | €156,308 | +€39,900 | +34.3% |
| Taxes | 450/3 | €73,650 | €123,050 | +€49,400 | +67.1% |
| Remuneration and social security | 454/9 | €42,758 | €33,258 | -€9,500 | -22.2% |
| Remuneration, social security and pensions | 62 | €229,406 | €243,695 | +€14,289 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,693 | €12,760 | +€1,067 | +9.1% |
| Other operating charges | 640/8 | €1,773 | €213 | -€1,560 | -88.0% |
| Non-recurring operating charges | 66A | €3,255 | - | -€3,255 | |
| Gross operating margin | 9900 | €325,625 | €264,008 | -€61,617 | -18.9% |
| Operating profit (loss) | 9901 | €79,498 | €7,339 | -€72,159 | -90.8% |
| Financial income | 75/76B | €0 | €1 | +€0 | +410.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +410.0% |
| Financial charges | 65/66B | €33,037 | €12,840 | -€20,196 | -61.1% |
| Recurring financial charges | 65 | €26,123 | €12,840 | -€13,282 | -50.8% |
| Non-recurring financial charges | 66B | €6,914 | - | -€6,914 | |
| Profit (loss) for the period before taxes | 9903 | €46,461 | -€5,501 | -€51,962 | |
| Income taxes | 67/77 | €23,772 | - | -€23,772 | |
| Profit (loss) for the period | 9904 | €22,689 | -€5,501 | -€28,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,689 | -€5,501 | -€28,190 |
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 2 October 2026 via checked.be.