FIEMA HOLDING: what changed
FIEMA HOLDING
Largest movements
- Stocks and contracts -€271,662
down €271,662 (-99.6%), from €272,751 to €1,089
- Receivables after one year +€170,520
new in 2025: €170,520
- Cash +€53,984
up €53,984 (+1,237%), from €4,364 to €58,349
mainly Stocks and contracts (+€271,662) and Trade debts (+€127,821)
- Receivables within one year +€9,456
up €9,456 (+4.9%), from €191,097 to €200,554
of which Trade receivables: +€145,200
- Debts after one year -€155,000
down €155,000 (-36.9%), from €419,500 to €264,500
- Trade debts +€127,821
up €127,821 (+825%), from €15,503 to €143,324
- Accrued charges and deferred income -€25,927
down €25,927 (-35.4%), from €73,291 to €47,364
- Profit (loss) carried forward +€13,392
up €13,392 (+28.3%), from €47,336 to €60,728
- Gross operating margin +€227,875
up €227,875 (+397%), from €57,447 to €285,322
- Write-downs +€132,219
new in 2025: €132,219
- Financial charges +€80,992
up €80,992 (+210%), from €38,574 to €119,566
- Other operating charges +€15,340
up €15,340 (+1,312%), from €1,169 to €16,509
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €587,430 | €549,834 | -€37,596 | -6.4% |
| Fixed assets | 21/28 | €104,422 | €104,422 | = | 0.0% |
| Financial fixed assets | 28 | €104,422 | €104,422 | = | 0.0% |
| Current assets | 29/58 | €483,008 | €445,412 | -€37,596 | -7.8% |
| Amounts receivable after more than one year | 29 | - | €170,520 | +€170,520 | |
| Other amounts receivable | 291 | - | €170,520 | +€170,520 | |
| Stocks and contracts in progress | 3 | €272,751 | €1,089 | -€271,662 | -99.6% |
| Stocks | 30/36 | €272,751 | €1,089 | -€271,662 | -99.6% |
| Amounts receivable within one year | 40/41 | €191,097 | €200,554 | +€9,456 | +4.9% |
| Trade receivables | 40 | €0 | €145,200 | +€145,200 | |
| Other amounts receivable | 41 | €191,097 | €55,354 | -€135,744 | -71.0% |
| Cash at bank and in hand | 54/58 | €4,364 | €58,349 | +€53,984 | +1,237% |
| Deferred charges and accrued income | 490/1 | €14,795 | €14,901 | +€106 | +0.7% |
| Total equity and liabilities | 10/49 | €587,430 | €549,834 | -€37,596 | -6.4% |
| Equity | 10/15 | €73,578 | €86,971 | +€13,392 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,642 | €7,642 | = | 0.0% |
| Distributable reserves | 133 | €7,642 | €7,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,336 | €60,728 | +€13,392 | +28.3% |
| Amounts payable | 17/49 | €513,852 | €462,863 | -€50,988 | -9.9% |
| Amounts payable after more than one year | 17 | €419,500 | €264,500 | -€155,000 | -36.9% |
| Other amounts payable | 178/9 | €419,500 | €264,500 | -€155,000 | -36.9% |
| Amounts payable within one year | 42/48 | €21,060 | €151,000 | +€129,939 | +617% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €15,503 | €143,324 | +€127,821 | +825% |
| Suppliers | 440/4 | €15,503 | €143,324 | +€127,821 | +825% |
| Taxes, remuneration and social security | 45 | €5,558 | €7,676 | +€2,118 | +38.1% |
| Taxes | 450/3 | €5,558 | €7,676 | +€2,118 | +38.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €73,291 | €47,364 | -€25,927 | -35.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €132,219 | +€132,219 | |
| Other operating charges | 640/8 | €1,169 | €16,509 | +€15,340 | +1,312% |
| Gross operating margin | 9900 | €57,447 | €285,322 | +€227,875 | +397% |
| Operating profit (loss) | 9901 | €56,278 | €136,595 | +€80,316 | +143% |
| Financial income | 75/76B | €625 | €2,011 | +€1,386 | +222% |
| Recurring financial income | 75 | €625 | €2,011 | +€1,386 | +222% |
| Financial charges | 65/66B | €38,574 | €119,566 | +€80,992 | +210% |
| Recurring financial charges | 65 | €38,574 | €119,566 | +€80,992 | +210% |
| Profit (loss) for the period before taxes | 9903 | €18,330 | €19,040 | +€710 | +3.9% |
| Income taxes | 67/77 | €5,558 | €5,648 | +€90 | +1.6% |
| Profit (loss) for the period | 9904 | €12,773 | €13,392 | +€620 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,773 | €13,392 | +€620 | +4.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.