FEYTRAY: 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.
FEYTRAY
Largest movements
- Receivables within one year -€1.0m
down €1.0m (-68.3%), from €1.5m to €480,431
of which Trade receivables: -€852,804
- Stocks and contracts +€761,485
up €761,485 (+65.0%), from €1.2m to €1.9m
of which Stocks: +€685,876
- Cash +€115,664
up €115,664 (+82.2%), from €140,777 to €256,441
mainly Receivables within one year (+€1.0m) and Other debts (+€305,314)
- Tangible fixed assets +€32,939
up €32,939 (+45.9%), from €71,784 to €104,724
of which Land and buildings: +€25,564
- Other debts +€305,314
up €305,314 (+349.5%), from €87,357 to €392,671
- Short-term financial debts -€221,561
down €221,561 (-34.1%), from €650,581 to €429,020
- Trade debts -€174,643
down €174,643 (-31.8%), from €549,742 to €375,099
- Advances received -€151,900
down €151,900 (-100.0%), from €151,900 to €0
- Debts after one year +€104,833
up €104,833 (+117.0%), from €89,583 to €194,417
- Gross operating margin +€153,315
up €153,315 (+18.5%), from €827,967 to €981,282
- Staff costs +€124,236
up €124,236 (+17.2%), from €722,006 to €846,242
- Financial charges +€12,561
up €12,561 (+48.3%), from €26,013 to €38,574
- Write-downs +€11,288
new in 2025: €11,288
- Depreciation +€10,053
up €10,053 (+68.0%), from €14,790 to €24,843
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 | €2,918,974 | €2,801,893 | -€117,081 | -4.0% |
| Fixed assets | 21/28 | €72,454 | €109,023 | +€36,569 | +50.5% |
| Tangible fixed assets | 22/27 | €71,784 | €104,724 | +€32,939 | +45.9% |
| Land and buildings | 22 | - | €25,564 | +€25,564 | |
| Plant, machinery and equipment | 23 | €46,901 | €55,570 | +€8,669 | +18.5% |
| Furniture and vehicles | 24 | €24,884 | €23,590 | -€1,294 | -5.2% |
| Financial fixed assets | 28 | €669 | €4,299 | +€3,630 | +542.2% |
| Current assets | 29/58 | €2,846,520 | €2,692,870 | -€153,651 | -5.4% |
| Stocks and contracts in progress | 3 | €1,171,358 | €1,932,843 | +€761,485 | +65.0% |
| Stocks | 30/36 | €1,004,661 | €1,690,538 | +€685,876 | +68.3% |
| Contracts in progress | 37 | €166,697 | €242,305 | +€75,609 | +45.4% |
| Amounts receivable within one year | 40/41 | €1,516,215 | €480,431 | -€1.0m | -68.3% |
| Trade receivables | 40 | €1,245,767 | €392,964 | -€852,804 | -68.5% |
| Other amounts receivable | 41 | €270,448 | €87,467 | -€182,981 | -67.7% |
| Cash at bank and in hand | 54/58 | €140,777 | €256,441 | +€115,664 | +82.2% |
| Deferred charges and accrued income | 490/1 | €18,171 | €23,155 | +€4,985 | +27.4% |
| Total equity and liabilities | 10/49 | €2,918,974 | €2,801,893 | -€117,081 | -4.0% |
| Equity | 10/15 | €1,203,820 | €1,233,529 | +€29,710 | +2.5% |
| Contributions | 10/11 | €229,654 | €229,654 | = | 0.0% |
| Capital | 10 | €229,654 | €229,654 | = | 0.0% |
| Issued capital | 100 | €229,654 | €229,654 | = | 0.0% |
| Reserves | 13 | €974,166 | €1,003,876 | +€29,710 | +3.0% |
| Non-distributable reserves | 130/1 | €22,965 | €22,965 | = | 0.0% |
| Legal reserve | 130 | €22,965 | €22,965 | = | 0.0% |
| Distributable reserves | 133 | €951,201 | €980,910 | +€29,710 | +3.1% |
| Amounts payable | 17/49 | €1,715,155 | €1,568,364 | -€146,791 | -8.6% |
| Amounts payable after more than one year | 17 | €89,583 | €194,417 | +€104,833 | +117.0% |
| Financial debts | 170/4 | €89,583 | €194,417 | +€104,833 | +117.0% |
| Amounts payable within one year | 42/48 | €1,625,571 | €1,373,947 | -€251,624 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €63,000 | +€38,000 | +152.0% |
| Financial debts | 43 | €650,581 | €429,020 | -€221,561 | -34.1% |
| Credit institutions | 430/8 | €650,581 | €429,020 | -€221,561 | -34.1% |
| Trade debts | 44 | €549,742 | €375,099 | -€174,643 | -31.8% |
| Suppliers | 440/4 | €549,742 | €375,099 | -€174,643 | -31.8% |
| Advances received on contracts in progress | 46 | €151,900 | €0 | -€151,900 | -100.0% |
| Taxes, remuneration and social security | 45 | €160,991 | €114,157 | -€46,834 | -29.1% |
| Taxes | 450/3 | €85,749 | €35,803 | -€49,946 | -58.2% |
| Remuneration and social security | 454/9 | €75,242 | €78,353 | +€3,112 | +4.1% |
| Other amounts payable | 47/48 | €87,357 | €392,671 | +€305,314 | +349.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €722,006 | €846,242 | +€124,236 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,790 | €24,843 | +€10,053 | +68.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,288 | +€11,288 | |
| Other operating charges | 640/8 | €7,093 | €15,786 | +€8,693 | +122.6% |
| Gross operating margin | 9900 | €827,967 | €981,282 | +€153,315 | +18.5% |
| Operating profit (loss) | 9901 | €84,078 | €83,124 | -€953 | -1.1% |
| Financial income | 75/76B | €8,494 | €3,819 | -€4,674 | -55.0% |
| Recurring financial income | 75 | €8,494 | €3,819 | -€4,674 | -55.0% |
| Financial charges | 65/66B | €26,013 | €38,574 | +€12,561 | +48.3% |
| Recurring financial charges | 65 | €26,013 | €38,574 | +€12,561 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €66,558 | €48,369 | -€18,189 | -27.3% |
| Income taxes | 67/77 | €22,714 | €18,660 | -€4,054 | -17.8% |
| Profit (loss) for the period | 9904 | €43,845 | €29,710 | -€14,135 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,845 | €29,710 | -€14,135 | -32.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.