FeZar: 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.
FeZar
Largest movements
- Tangible fixed assets -€21,496
down €21,496 (-3.2%), from €664,385 to €642,889
- Debts after one year -€24,378
down €24,378 (-4.4%), from €551,505 to €527,127
of which Financial debts: -€24,378
- Gross operating margin +€2,574
up €2,574 (+6.3%), from €40,615 to €43,189
- Financial charges -€775
down €775 (-4.0%), from €19,233 to €18,458
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 | €668,201 | €645,688 | -€22,513 | -3.4% |
| Fixed assets | 21/28 | €664,385 | €642,889 | -€21,496 | -3.2% |
| Tangible fixed assets | 22/27 | €664,385 | €642,889 | -€21,496 | -3.2% |
| Land and buildings | 22 | €664,385 | €642,889 | -€21,496 | -3.2% |
| Current assets | 29/58 | €3,816 | €2,799 | -€1,017 | -26.6% |
| Cash at bank and in hand | 54/58 | €3,816 | €2,799 | -€1,017 | -26.6% |
| Total equity and liabilities | 10/49 | €668,201 | €645,688 | -€22,513 | -3.4% |
| Equity | 10/15 | -€16,393 | -€16,818 | -€425 | -2.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,393 | -€19,818 | -€425 | -2.2% |
| Amounts payable | 17/49 | €684,593 | €662,505 | -€22,088 | -3.2% |
| Amounts payable after more than one year | 17 | €551,505 | €527,127 | -€24,378 | -4.4% |
| Financial debts | 170/4 | €546,505 | €522,127 | -€24,378 | -4.5% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €133,088 | €135,378 | +€2,290 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €23,588 | €24,378 | +€790 | +3.4% |
| Other amounts payable | 47/48 | €109,500 | €111,000 | +€1,500 | +1.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,496 | €21,496 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,549 | €3,659 | +€110 | +3.1% |
| Gross operating margin | 9900 | €40,615 | €43,189 | +€2,574 | +6.3% |
| Operating profit (loss) | 9901 | €15,570 | €18,033 | +€2,464 | +15.8% |
| Financial charges | 65/66B | €19,233 | €18,458 | -€775 | -4.0% |
| Recurring financial charges | 65 | €19,233 | €18,458 | -€775 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,664 | -€425 | +€3,239 | +88.4% |
| Profit (loss) for the period | 9904 | -€3,664 | -€425 | +€3,239 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,664 | -€425 | +€3,239 | +88.4% |
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 12 October 2026 via checked.be.