FEYSINGER: 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.
FEYSINGER
Largest movements
- Stocks and contracts +€28,084
up €28,084 (+336.0%), from €8,358 to €36,442
- Cash +€25,315
up €25,315 (+644.4%), from €3,929 to €29,244
mainly Net result for the year (+€37,970) and Depreciation (+€22,169)
- Tangible fixed assets -€17,761
down €17,761 (-5.8%), from €305,409 to €287,648
of which Land and buildings: -€9,818
- Receivables within one year +€6,468
up €6,468 (+10.1%), from €64,199 to €70,667
of which Other amounts receivable: +€5,926
- Reserves +€37,970
up €37,970 (+36.5%), from €104,070 to €142,040
- Tax, wage and social debts +€18,595
up €18,595 (+192.3%), from €9,670 to €28,264
of which Taxes: +€15,286
- Debts after one year -€13,612
down €13,612 (-5.5%), from €245,693 to €232,081
- Turnover +€187,586
new in 2025: €187,586
- Purchases and services +€109,578
new in 2025: €109,578
- Gross operating margin +€52,049
up €52,049 (+143.4%), from €36,297 to €88,346
- Other operating charges -€29,147
down €29,147 (-96.5%), from €30,219 to €1,072
- Taxes +€15,313
up €15,313 (+3840.7%), from €399 to €15,712
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 | €382,602 | €424,707 | +€42,105 | +11.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €305,409 | €287,648 | -€17,761 | -5.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €305,409 | €287,648 | -€17,761 | -5.8% |
| Land and buildings | 22 | €271,840 | €262,021 | -€9,818 | -3.6% |
| Plant, machinery and equipment | 23 | €27,471 | €19,897 | -€7,574 | -27.6% |
| Furniture and vehicles | 24 | €6,099 | €5,730 | -€369 | -6.0% |
| Current assets | 29/58 | €77,193 | €137,059 | +€59,866 | +77.6% |
| Stocks and contracts in progress | 3 | €8,358 | €36,442 | +€28,084 | +336.0% |
| Stocks | 30/36 | €8,358 | €36,442 | +€28,084 | +336.0% |
| Amounts receivable within one year | 40/41 | €64,199 | €70,667 | +€6,468 | +10.1% |
| Trade receivables | 40 | €21,200 | €21,741 | +€541 | +2.6% |
| Other amounts receivable | 41 | €42,999 | €48,926 | +€5,926 | +13.8% |
| Cash at bank and in hand | 54/58 | €3,929 | €29,244 | +€25,315 | +644.4% |
| Deferred charges and accrued income | 490/1 | €707 | €707 | = | 0.0% |
| Total equity and liabilities | 10/49 | €382,602 | €424,707 | +€42,105 | +11.0% |
| Equity | 10/15 | €102,563 | €140,533 | +€37,970 | +37.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €104,070 | €142,040 | +€37,970 | +36.5% |
| Distributable reserves | 133 | €104,070 | €142,040 | +€37,970 | +36.5% |
| Profit (loss) carried forward | 14 | -€2,507 | -€2,507 | = | 0.0% |
| Amounts payable | 17/49 | €280,039 | €284,174 | +€4,135 | +1.5% |
| Amounts payable after more than one year | 17 | €245,693 | €232,081 | -€13,612 | -5.5% |
| Financial debts | 170/4 | €245,693 | €232,081 | -€13,612 | -5.5% |
| Amounts payable within one year | 42/48 | €34,345 | €52,093 | +€17,747 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €13,024 | €13,612 | +€588 | +4.5% |
| Trade debts | 44 | €11,652 | €10,216 | -€1,436 | -12.3% |
| Suppliers | 440/4 | €11,652 | €10,216 | -€1,436 | -12.3% |
| Taxes, remuneration and social security | 45 | €9,670 | €28,264 | +€18,595 | +192.3% |
| Taxes | 450/3 | €9,670 | €24,956 | +€15,286 | +158.1% |
| Remuneration and social security | 454/9 | - | €3,309 | +€3,309 | |
| Turnover | 70 | - | €187,586 | +€187,586 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €109,578 | +€109,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,078 | €22,169 | +€9,090 | +69.5% |
| Other operating charges | 640/8 | €30,219 | €1,072 | -€29,147 | -96.5% |
| Non-recurring operating charges | 66A | €9,035 | €0 | -€9,035 | -100.0% |
| Gross operating margin | 9900 | €36,297 | €88,346 | +€52,049 | +143.4% |
| Operating profit (loss) | 9901 | -€16,035 | €65,105 | +€81,140 | |
| Financial income | 75/76B | €2 | €183 | +€181 | +8059.4% |
| Recurring financial income | 75 | €2 | €183 | +€181 | +8059.4% |
| Financial charges | 65/66B | €8,770 | €11,606 | +€2,836 | +32.3% |
| Recurring financial charges | 65 | €8,770 | €11,606 | +€2,836 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,803 | €53,682 | +€78,485 | |
| Income taxes | 67/77 | €399 | €15,712 | +€15,313 | +3840.7% |
| Profit (loss) for the period | 9904 | -€25,202 | €37,970 | +€63,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,202 | €37,970 | +€63,172 |
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.