FIEFAL: 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.
FIEFAL
Largest movements
- Tangible fixed assets -€4,132
down €4,132 (-20.3%), from €20,327 to €16,195
of which Furniture and vehicles: -€2,863
- Cash -€3,467
down €3,467 (-11.8%), from €29,332 to €25,865
mainly Investment in fixed assets (net) (-€6,385) and Trade debts (-€3,676)
- Receivables within one year +€3,446
up €3,446 (+110%), from €3,144 to €6,590
of which Trade receivables: +€2,382
- Stocks and contracts +€2,975
up €2,975 (+29.2%), from €10,175 to €13,150
- Trade debts -€3,676
down €3,676 (-22.7%), from €16,186 to €12,509
- Other debts +€2,425
up €2,425 (+158%), from €1,539 to €3,963
- Profit (loss) carried forward -€1,706
down €1,706 (-13.2%), from €12,951 to €11,245
- Tax, wage and social debts +€1,622
up €1,622 (+9.2%), from €17,607 to €19,229
of which Taxes: +€2,998
- Staff costs +€4,816
up €4,816 (+4.7%), from €102,667 to €107,483
- Gross operating margin +€4,282
up €4,282 (+3.7%), from €116,889 to €121,171
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.
Derived cash bridge
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 | €68,742 | €67,807 | -€935 | -1.4% |
| Fixed assets | 21/28 | €20,327 | €16,195 | -€4,132 | -20.3% |
| Tangible fixed assets | 22/27 | €20,327 | €16,195 | -€4,132 | -20.3% |
| Land and buildings | 22 | €2,885 | €1,584 | -€1,301 | -45.1% |
| Plant, machinery and equipment | 23 | €12,215 | €12,248 | +€33 | +0.3% |
| Furniture and vehicles | 24 | €5,227 | €2,364 | -€2,863 | -54.8% |
| Current assets | 29/58 | €48,415 | €51,612 | +€3,197 | +6.6% |
| Stocks and contracts in progress | 3 | €10,175 | €13,150 | +€2,975 | +29.2% |
| Stocks | 30/36 | €10,175 | €13,150 | +€2,975 | +29.2% |
| Amounts receivable within one year | 40/41 | €3,144 | €6,590 | +€3,446 | +110% |
| Trade receivables | 40 | €2,889 | €5,271 | +€2,382 | +82.5% |
| Other amounts receivable | 41 | €255 | €1,319 | +€1,064 | +416% |
| Cash at bank and in hand | 54/58 | €29,332 | €25,865 | -€3,467 | -11.8% |
| Deferred charges and accrued income | 490/1 | €5,764 | €6,006 | +€242 | +4.2% |
| Total equity and liabilities | 10/49 | €68,742 | €67,807 | -€935 | -1.4% |
| Equity | 10/15 | €33,411 | €31,705 | -€1,706 | -5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,951 | €11,245 | -€1,706 | -13.2% |
| Amounts payable | 17/49 | €35,331 | €36,102 | +€771 | +2.2% |
| Amounts payable within one year | 42/48 | €35,331 | €35,702 | +€371 | +1.0% |
| Trade debts | 44 | €16,186 | €12,509 | -€3,676 | -22.7% |
| Suppliers | 440/4 | €16,186 | €12,509 | -€3,676 | -22.7% |
| Taxes, remuneration and social security | 45 | €17,607 | €19,229 | +€1,622 | +9.2% |
| Taxes | 450/3 | €10,063 | €13,061 | +€2,998 | +29.8% |
| Remuneration and social security | 454/9 | €7,544 | €6,168 | -€1,376 | -18.2% |
| Other amounts payable | 47/48 | €1,539 | €3,963 | +€2,425 | +158% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €102,667 | €107,483 | +€4,816 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,138 | €10,517 | +€378 | +3.7% |
| Other operating charges | 640/8 | €776 | €534 | -€242 | -31.2% |
| Gross operating margin | 9900 | €116,889 | €121,171 | +€4,282 | +3.7% |
| Operating profit (loss) | 9901 | €3,308 | €2,638 | -€670 | -20.3% |
| Financial income | 75/76B | €16 | €48 | +€32 | +193% |
| Recurring financial income | 75 | €16 | €48 | +€32 | +193% |
| Financial charges | 65/66B | €3,183 | €2,456 | -€728 | -22.9% |
| Recurring financial charges | 65 | €3,183 | €2,456 | -€728 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €141 | €230 | +€89 | +63.5% |
| Income taxes | 67/77 | €1,836 | €1,936 | +€101 | +5.5% |
| Profit (loss) for the period | 9904 | -€1,695 | -€1,706 | -€11 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,695 | -€1,706 | -€11 | -0.7% |
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 22 October 2026 via checked.be.