FEYS: 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.
What changed
FEYS
NACE 71.122, Land surveying
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.0m+€41,219
Equity
€1.4m
2024 · €1.4m+€1,402
Cash
€675,103
2024 · €403,695+€271,408
Balance sheet total
€3.2m
2024 · €4.0m-€842,488
Largest movements
Assets
- Receivables within one year -€980,295
down €980,295 (-38.8%), from €2.5m to €1.5m
of which Other amounts receivable: -€937,055
- Cash +€271,408
up €271,408 (+67.2%), from €403,695 to €675,103
mainly Net result for the year (+€1.1m) and Receivables within one year (+€980,295)
- Tangible fixed assets -€114,091
down €114,091 (-11.5%), from €990,585 to €876,494
Equity and liabilities
- Other debts -€950,000
down €950,000 (-47.5%), from €2.0m to €1.1m
- Trade debts +€100,518
up €100,518 (+97.1%), from €103,555 to €204,073
Income statement
- Gross operating margin +€354,954
up €354,954 (+9.5%), from €3.8m to €4.1m
- Staff costs +€259,955
up €259,955 (+11.6%), from €2.2m to €2.5m
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.
Result 2024
€1.0m
Gross operating margin
+€354,954
Staff costs
-€259,955
Depreciation
-€38,489
Other operating charges
-€5,751
Financial income
+€961
Financial charges
-€691
Taxes
-€9,811
Result 2025
€1.1m
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
-€81,617
Financing
-€1.1m
Cash 2024
€403,695
From operations (derived)
+€1.4m
Net result for the year
+€1.1m
Depreciation
+€205,618
Receivables within one year
+€980,295
Deferred charges and accrued income
+€9,601
Trade debts
+€100,518
Tax, wage and social debts
+€5,592
Other debts
-€950,000
Investment (derived)
-€81,617
Investment in fixed assets (net)
-€84,564
Current investments
+€2,947
Financing
-€1.1m
Contributions, distributions and other
-€1.1m
Cash 2025
€675,103
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,015,006 | €3,172,518 | -€842,488 | -21.0% |
| Fixed assets | 21/28 | €1,024,235 | €903,181 | -€121,054 | -11.8% |
| Intangible fixed assets | 21 | €27,800 | €20,838 | -€6,963 | -25.0% |
| Tangible fixed assets | 22/27 | €990,585 | €876,494 | -€114,091 | -11.5% |
| Land and buildings | 22 | €520,815 | €480,753 | -€40,063 | -7.7% |
| Plant, machinery and equipment | 23 | €169,985 | €128,828 | -€41,157 | -24.2% |
| Furniture and vehicles | 24 | €299,784 | €266,913 | -€32,871 | -11.0% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €2,990,771 | €2,269,337 | -€721,434 | -24.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,524,637 | €1,544,343 | -€980,295 | -38.8% |
| Trade receivables | 40 | €663,918 | €620,679 | -€43,240 | -6.5% |
| Other amounts receivable | 41 | €1,860,719 | €923,664 | -€937,055 | -50.4% |
| Current investments | 50/53 | €2,947 | €0 | -€2,947 | -100% |
| Cash at bank and in hand | 54/58 | €403,695 | €675,103 | +€271,408 | +67.2% |
| Deferred charges and accrued income | 490/1 | €59,491 | €49,891 | -€9,601 | -16.1% |
| Total equity and liabilities | 10/49 | €4,015,006 | €3,172,518 | -€842,488 | -21.0% |
| Equity | 10/15 | €1,387,788 | €1,389,190 | +€1,402 | +0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €107,344 | €109,078 | +€1,734 | +1.6% |
| Tax-exempt reserves | 132 | €1,635 | €1,635 | = | 0.0% |
| Distributable reserves | 133 | €105,709 | €107,443 | +€1,734 | +1.6% |
| Profit (loss) carried forward | 14 | €1,256,123 | €1,256,123 | = | 0.0% |
| Investment grants | 15 | €4,321 | €3,989 | -€332 | -7.7% |
| Amounts payable | 17/49 | €2,627,218 | €1,783,328 | -€843,890 | -32.1% |
| Amounts payable within one year | 42/48 | €2,627,218 | €1,783,328 | -€843,890 | -32.1% |
| Trade debts | 44 | €103,555 | €204,073 | +€100,518 | +97.1% |
| Suppliers | 440/4 | €103,555 | €204,073 | +€100,518 | +97.1% |
| Advances received on contracts in progress | 46 | €581 | €581 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €523,082 | €528,675 | +€5,592 | +1.1% |
| Taxes | 450/3 | €125,568 | €166,236 | +€40,668 | +32.4% |
| Remuneration and social security | 454/9 | €397,514 | €362,439 | -€35,075 | -8.8% |
| Other amounts payable | 47/48 | €2,000,000 | €1,050,000 | -€950,000 | -47.5% |
| Non-recurring operating income | 76A | €29,277 | €21,720 | -€7,557 | -25.8% |
| Remuneration, social security and pensions | 62 | €2,243,102 | €2,503,057 | +€259,955 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,129 | €205,618 | +€38,489 | +23.0% |
| Other operating charges | 640/8 | €10,631 | €16,382 | +€5,751 | +54.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,754,119 | €4,109,073 | +€354,954 | +9.5% |
| Operating profit (loss) | 9901 | €1,333,257 | €1,384,017 | +€50,760 | +3.8% |
| Financial income | 75/76B | €43,322 | €44,283 | +€961 | +2.2% |
| Recurring financial income | 75 | €43,322 | €44,283 | +€961 | +2.2% |
| Financial charges | 65/66B | €6,129 | €6,820 | +€691 | +11.3% |
| Recurring financial charges | 65 | €6,129 | €6,820 | +€691 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €1,370,449 | €1,421,480 | +€51,030 | +3.7% |
| Income taxes | 67/77 | €359,934 | €369,745 | +€9,811 | +2.7% |
| Profit (loss) for the period | 9904 | €1,010,515 | €1,051,734 | +€41,219 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,010,515 | €1,051,734 | +€41,219 | +4.1% |
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 14 October 2026 via checked.be.