Feys: 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.
Feys
Largest movements
- Cash +€36,721
up €36,721 (+93.7%), from €39,197 to €75,917
mainly Net result for the year (+€94,307) and Tax, wage and social debts (+€69,152)
- Receivables within one year -€24,754
down €24,754 (-56.6%), from €43,769 to €19,015
of which Trade receivables: -€31,099
- Stocks and contracts +€24,161
up €24,161 (+3.9%), from €622,757 to €646,918
- Profit (loss) carried forward +€94,307
up €94,307 (+42.2%), from €223,595 to €317,902
- Tax, wage and social debts +€69,152
up €69,152 (+109.0%), from €63,441 to €132,594
of which Taxes: +€65,235
- Debts after one year -€68,540
down €68,540 (-7.7%), from €894,968 to €826,428
- Current portion of long-term debt -€27,839
down €27,839 (-9.1%), from €304,278 to €276,438
- Other debts -€20,214
down €20,214 (-10.9%), from €185,710 to €165,496
- Gross operating margin +€144,270
up €144,270 (+64.7%), from €222,847 to €367,116
- Staff costs +€58,136
up €58,136 (+86.5%), from €67,235 to €125,371
- Taxes +€20,190
up €20,190 (+148.3%), from €13,615 to €33,805
- Depreciation +€18,590
up €18,590 (+45.1%), from €41,252 to €59,842
- Financial charges +€11,463
up €11,463 (+31.9%), from €35,913 to €47,376
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 | €1,858,047 | €1,902,046 | +€43,999 | +2.4% |
| Fixed assets | 21/28 | €1,150,705 | €1,157,180 | +€6,475 | +0.6% |
| Tangible fixed assets | 22/27 | €1,150,705 | €1,157,180 | +€6,475 | +0.6% |
| Land and buildings | 22 | €1,106,510 | €1,112,119 | +€5,608 | +0.5% |
| Plant, machinery and equipment | 23 | €10,523 | €10,730 | +€207 | +2.0% |
| Furniture and vehicles | 24 | €33,671 | €34,331 | +€660 | +2.0% |
| Current assets | 29/58 | €707,342 | €744,867 | +€37,525 | +5.3% |
| Stocks and contracts in progress | 3 | €622,757 | €646,918 | +€24,161 | +3.9% |
| Stocks | 30/36 | €622,757 | €646,918 | +€24,161 | +3.9% |
| Amounts receivable within one year | 40/41 | €43,769 | €19,015 | -€24,754 | -56.6% |
| Trade receivables | 40 | €41,792 | €10,693 | -€31,099 | -74.4% |
| Other amounts receivable | 41 | €1,978 | €8,323 | +€6,345 | +320.8% |
| Cash at bank and in hand | 54/58 | €39,197 | €75,917 | +€36,721 | +93.7% |
| Deferred charges and accrued income | 490/1 | €1,619 | €3,016 | +€1,397 | +86.3% |
| Total equity and liabilities | 10/49 | €1,858,047 | €1,902,046 | +€43,999 | +2.4% |
| Equity | 10/15 | €242,195 | €336,502 | +€94,307 | +38.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,595 | €317,902 | +€94,307 | +42.2% |
| Amounts payable | 17/49 | €1,615,852 | €1,565,544 | -€50,308 | -3.1% |
| Amounts payable after more than one year | 17 | €894,968 | €826,428 | -€68,540 | -7.7% |
| Financial debts | 170/4 | €894,968 | €826,428 | -€68,540 | -7.7% |
| Amounts payable within one year | 42/48 | €719,684 | €739,116 | +€19,432 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €304,278 | €276,438 | -€27,839 | -9.1% |
| Financial debts | 43 | - | €8,923 | +€8,923 | |
| Credit institutions | 430/8 | - | €8,923 | +€8,923 | |
| Trade debts | 44 | €166,255 | €155,666 | -€10,589 | -6.4% |
| Suppliers | 440/4 | €166,255 | €155,666 | -€10,589 | -6.4% |
| Taxes, remuneration and social security | 45 | €63,441 | €132,594 | +€69,152 | +109.0% |
| Taxes | 450/3 | €54,030 | €119,265 | +€65,235 | +120.7% |
| Remuneration and social security | 454/9 | €9,411 | €13,329 | +€3,917 | +41.6% |
| Other amounts payable | 47/48 | €185,710 | €165,496 | -€20,214 | -10.9% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Remuneration, social security and pensions | 62 | €67,235 | €125,371 | +€58,136 | +86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,252 | €59,842 | +€18,590 | +45.1% |
| Other operating charges | 640/8 | €9,503 | €13,316 | +€3,814 | +40.1% |
| Non-recurring operating charges | 66A | €18,012 | €2,561 | -€15,451 | -85.8% |
| Gross operating margin | 9900 | €222,847 | €367,116 | +€144,270 | +64.7% |
| Operating profit (loss) | 9901 | €86,844 | €166,026 | +€79,182 | +91.2% |
| Financial income | 75/76B | €7,585 | €9,463 | +€1,878 | +24.8% |
| Recurring financial income | 75 | €7,585 | €9,463 | +€1,878 | +24.8% |
| Financial charges | 65/66B | €35,913 | €47,376 | +€11,463 | +31.9% |
| Recurring financial charges | 65 | €35,913 | €47,376 | +€11,463 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €58,516 | €128,113 | +€69,596 | +118.9% |
| Income taxes | 67/77 | €13,615 | €33,805 | +€20,190 | +148.3% |
| Profit (loss) for the period | 9904 | €44,901 | €94,307 | +€49,406 | +110.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,901 | €94,307 | +€49,406 | +110.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.