FieCo: 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.
FieCo
Largest movements
- Cash +€22,497
up €22,497 (+251.1%), from €8,961 to €31,458
mainly Tax, wage and social debts (+€17,697) and Net result for the year (+€14,857)
- Receivables within one year +€20,331
up €20,331 (+248.0%), from €8,198 to €28,528
of which Trade receivables: +€10,806
- Tangible fixed assets -€5,273
down €5,273 (-22.0%), from €23,922 to €18,650
- Deferred charges and accrued income +€1,014
up €1,014 (+78.1%), from €1,299 to €2,313
- Tax, wage and social debts +€17,697
up €17,697 (+246.1%), from €7,191 to €24,888
of which Remuneration and social security: +€15,207
- Reserves +€9,137
new in 2025: €9,137
- Trade debts +€6,015
up €6,015 (+19.5%), from €30,908 to €36,924
- Profit (loss) carried forward +€5,720
no longer reported in 2025 (was -€5,720)
- Gross operating margin +€136,614
up €136,614 (+428.6%), from €31,876 to €168,490
- Staff costs +€109,604
up €109,604 (+336.1%), from €32,608 to €142,212
- Taxes +€5,234
new in 2025: €5,234
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 | €42,380 | €80,949 | +€38,569 | +91.0% |
| Fixed assets | 21/28 | €23,922 | €18,650 | -€5,273 | -22.0% |
| Tangible fixed assets | 22/27 | €23,922 | €18,650 | -€5,273 | -22.0% |
| Furniture and vehicles | 24 | €23,922 | €18,650 | -€5,273 | -22.0% |
| Current assets | 29/58 | €18,457 | €62,299 | +€43,842 | +237.5% |
| Amounts receivable within one year | 40/41 | €8,198 | €28,528 | +€20,331 | +248.0% |
| Trade receivables | 40 | €8,198 | €19,004 | +€10,806 | +131.8% |
| Other amounts receivable | 41 | - | €9,525 | +€9,525 | |
| Cash at bank and in hand | 54/58 | €8,961 | €31,458 | +€22,497 | +251.1% |
| Deferred charges and accrued income | 490/1 | €1,299 | €2,313 | +€1,014 | +78.1% |
| Total equity and liabilities | 10/49 | €42,380 | €80,949 | +€38,569 | +91.0% |
| Equity | 10/15 | €4,280 | €19,137 | +€14,857 | +347.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €9,137 | +€9,137 | |
| Distributable reserves | 133 | - | €9,137 | +€9,137 | |
| Profit (loss) carried forward | 14 | -€5,720 | - | +€5,720 | |
| Amounts payable | 17/49 | €38,100 | €61,812 | +€23,712 | +62.2% |
| Amounts payable within one year | 42/48 | €38,100 | €61,812 | +€23,712 | +62.2% |
| Trade debts | 44 | €30,908 | €36,924 | +€6,015 | +19.5% |
| Suppliers | 440/4 | €30,908 | €36,924 | +€6,015 | +19.5% |
| Taxes, remuneration and social security | 45 | €7,191 | €24,888 | +€17,697 | +246.1% |
| Taxes | 450/3 | €2,744 | €5,234 | +€2,490 | +90.7% |
| Remuneration and social security | 454/9 | €4,447 | €19,654 | +€15,207 | +342.0% |
| Remuneration, social security and pensions | 62 | €32,608 | €142,212 | +€109,604 | +336.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,461 | €5,273 | +€812 | +18.2% |
| Other operating charges | 640/8 | €371 | €379 | +€8 | +2.2% |
| Gross operating margin | 9900 | €31,876 | €168,490 | +€136,614 | +428.6% |
| Operating profit (loss) | 9901 | -€5,564 | €20,626 | +€26,190 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €156 | €542 | +€386 | +246.8% |
| Recurring financial charges | 65 | €156 | €542 | +€386 | +246.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,720 | €20,091 | +€25,811 | |
| Income taxes | 67/77 | - | €5,234 | +€5,234 | |
| Profit (loss) for the period | 9904 | -€5,720 | €14,857 | +€20,577 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,720 | €14,857 | +€20,577 |
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 11 October 2026 via checked.be.