FIËL: 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.
FIËL
Largest movements
- Receivables within one year +€22,654
up €22,654 (+13.2%), from €171,690 to €194,344
of which Trade receivables: +€24,277
- Cash +€11,976
up €11,976 (+25.4%), from €47,077 to €59,053
mainly Trade debts (+€26,716) and Net result for the year (+€12,006)
- Tangible fixed assets +€3,220
new in 2025: €3,220
of which Plant, machinery and equipment: +€1,970
- Trade debts +€26,716
up €26,716 (+292.8%), from €9,126 to €35,842
- Reserves +€12,006
up €12,006 (+109.3%), from €10,984 to €22,989
- Advances received -€3,396
down €3,396 (-1.9%), from €182,684 to €179,288
- Gross operating margin -€3,370
down €3,370 (-16.7%), from €20,211 to €16,841
- Taxes +€528
up €528 (+14.8%), from €3,562 to €4,089
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 | €218,767 | €256,617 | +€37,850 | +17.3% |
| Fixed assets | 21/28 | - | €3,220 | +€3,220 | |
| Tangible fixed assets | 22/27 | - | €3,220 | +€3,220 | |
| Plant, machinery and equipment | 23 | - | €1,970 | +€1,970 | |
| Furniture and vehicles | 24 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €218,767 | €253,398 | +€34,630 | +15.8% |
| Amounts receivable within one year | 40/41 | €171,690 | €194,344 | +€22,654 | +13.2% |
| Trade receivables | 40 | €164,972 | €189,249 | +€24,277 | +14.7% |
| Other amounts receivable | 41 | €6,718 | €5,095 | -€1,623 | -24.2% |
| Cash at bank and in hand | 54/58 | €47,077 | €59,053 | +€11,976 | +25.4% |
| Total equity and liabilities | 10/49 | €218,767 | €256,617 | +€37,850 | +17.3% |
| Equity | 10/15 | €14,984 | €26,989 | +€12,006 | +80.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,984 | €22,989 | +€12,006 | +109.3% |
| Distributable reserves | 133 | €10,984 | €22,989 | +€12,006 | +109.3% |
| Amounts payable | 17/49 | €203,784 | €229,628 | +€25,844 | +12.7% |
| Amounts payable within one year | 42/48 | €203,784 | €229,628 | +€25,844 | +12.7% |
| Financial debts | 43 | €5 | - | -€5 | |
| Credit institutions | 430/8 | €5 | - | -€5 | |
| Trade debts | 44 | €9,126 | €35,842 | +€26,716 | +292.8% |
| Suppliers | 440/4 | €9,126 | €35,842 | +€26,716 | +292.8% |
| Advances received on contracts in progress | 46 | €182,684 | €179,288 | -€3,396 | -1.9% |
| Taxes, remuneration and social security | 45 | €4,870 | €5,410 | +€541 | +11.1% |
| Taxes | 450/3 | €4,870 | €5,410 | +€541 | +11.1% |
| Other amounts payable | 47/48 | €7,099 | €9,087 | +€1,988 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €182 | +€182 | |
| Other operating charges | 640/8 | €118 | €170 | +€52 | +44.1% |
| Gross operating margin | 9900 | €20,211 | €16,841 | -€3,370 | -16.7% |
| Operating profit (loss) | 9901 | €20,093 | €16,489 | -€3,605 | -17.9% |
| Financial income | 75/76B | €17 | €9 | -€7 | -43.0% |
| Recurring financial income | 75 | €17 | €9 | -€7 | -43.0% |
| Financial charges | 65/66B | €407 | €403 | -€4 | -1.0% |
| Recurring financial charges | 65 | €407 | €403 | -€4 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €19,703 | €16,095 | -€3,607 | -18.3% |
| Income taxes | 67/77 | €3,562 | €4,089 | +€528 | +14.8% |
| Profit (loss) for the period | 9904 | €16,141 | €12,006 | -€4,135 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,141 | €12,006 | -€4,135 | -25.6% |
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 30 September 2026 via checked.be.