FILANTEX: 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.
FILANTEX
Largest movements
- Receivables within one year -€3.1m
down €3.1m (-88.3%), from €3.5m to €408,862
of which Other amounts receivable: -€3.0m
- Current investments +€2.6m
up €2.6m (+101.2%), from €2.6m to €5.2m
- Cash +€209,682
up €209,682 (+18.4%), from €1.1m to €1.3m
mainly Receivables within one year (+€3.1m) and Stocks and contracts (+€72,685)
- Profit (loss) carried forward -€156,338
down €156,338 (-150.7%), from -€103,726 to -€260,064
- Accrued charges and deferred income -€93,138
down €93,138 (-34.2%), from €272,542 to €179,404
- Gross operating margin -€347,201
down €347,201 (-58.6%), from €592,294 to €245,093
- Write-downs -€249,891
down €249,891, from €249,782 to -€109
- Financial charges -€98,323
down €98,323 (-34.2%), from €287,376 to €189,052
- Financial income -€46,683
down €46,683 (-23.6%), from €197,521 to €150,838
of which Financial income: -€45,422
- Staff costs -€30,727
down €30,727 (-11.4%), from €268,893 to €238,166
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 | €8,386,391 | €8,102,461 | -€283,929 | -3.4% |
| Fixed assets | 21/28 | €255,716 | €289,069 | +€33,353 | +13.0% |
| Intangible fixed assets | 21 | €1,434 | €573 | -€861 | -60.0% |
| Tangible fixed assets | 22/27 | €160,244 | €194,458 | +€34,214 | +21.4% |
| Plant, machinery and equipment | 23 | €13,645 | €8,216 | -€5,429 | -39.8% |
| Furniture and vehicles | 24 | €146,599 | €186,242 | +€39,644 | +27.0% |
| Financial fixed assets | 28 | €94,037 | €94,037 | = | 0.0% |
| Current assets | 29/58 | €8,130,675 | €7,813,393 | -€317,283 | -3.9% |
| Stocks and contracts in progress | 3 | €875,000 | €802,315 | -€72,685 | -8.3% |
| Stocks | 30/36 | €875,000 | €802,315 | -€72,685 | -8.3% |
| Amounts receivable within one year | 40/41 | €3,484,121 | €408,862 | -€3.1m | -88.3% |
| Trade receivables | 40 | €216,635 | €135,809 | -€80,826 | -37.3% |
| Other amounts receivable | 41 | €3,267,486 | €273,053 | -€3.0m | -91.6% |
| Current investments | 50/53 | €2,594,908 | €5,221,371 | +€2.6m | +101.2% |
| Cash at bank and in hand | 54/58 | €1,139,803 | €1,349,485 | +€209,682 | +18.4% |
| Deferred charges and accrued income | 490/1 | €36,843 | €31,359 | -€5,484 | -14.9% |
| Total equity and liabilities | 10/49 | €8,386,391 | €8,102,461 | -€283,929 | -3.4% |
| Equity | 10/15 | €3,816,237 | €3,659,899 | -€156,338 | -4.1% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Capital | 10 | €950,000 | €950,000 | = | 0.0% |
| Issued capital | 100 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €2,969,962 | €2,969,962 | = | 0.0% |
| Non-distributable reserves | 130/1 | €93,635 | €93,635 | = | 0.0% |
| Legal reserve | 130 | €93,635 | €93,635 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,741 | €39,741 | = | 0.0% |
| Distributable reserves | 133 | €2,836,587 | €2,836,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,726 | -€260,064 | -€156,338 | -150.7% |
| Amounts payable | 17/49 | €4,570,154 | €4,442,563 | -€127,591 | -2.8% |
| Amounts payable within one year | 42/48 | €4,297,612 | €4,263,159 | -€34,453 | -0.8% |
| Financial debts | 43 | €327 | €194 | -€134 | -40.8% |
| Credit institutions | 430/8 | €327 | €194 | -€134 | -40.8% |
| Trade debts | 44 | €90,757 | €71,782 | -€18,975 | -20.9% |
| Suppliers | 440/4 | €90,757 | €71,782 | -€18,975 | -20.9% |
| Taxes, remuneration and social security | 45 | €45,021 | €31,183 | -€13,838 | -30.7% |
| Taxes | 450/3 | €4,819 | €7,379 | +€2,560 | +53.1% |
| Remuneration and social security | 454/9 | €40,203 | €23,805 | -€16,398 | -40.8% |
| Other amounts payable | 47/48 | €4,161,507 | €4,160,000 | -€1,507 | 0.0% |
| Accrued charges and deferred income | 492/3 | €272,542 | €179,404 | -€93,138 | -34.2% |
| Non-recurring operating income | 76A | €56,610 | €24,813 | -€31,797 | -56.2% |
| Remuneration, social security and pensions | 62 | €268,893 | €238,166 | -€30,727 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,398 | €58,064 | +€23,666 | +68.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €249,782 | -€109 | -€249,891 | |
| Other operating charges | 640/8 | €51,732 | €44,088 | -€7,644 | -14.8% |
| Non-recurring operating charges | 66A | €1,360 | €3,804 | +€2,445 | +179.8% |
| Gross operating margin | 9900 | €592,294 | €245,093 | -€347,201 | -58.6% |
| Operating profit (loss) | 9901 | -€13,871 | -€98,921 | -€85,050 | -613.2% |
| Financial income | 75/76B | €197,521 | €150,838 | -€46,683 | -23.6% |
| Recurring financial income | 75 | €196,260 | €150,838 | -€45,422 | -23.1% |
| Non-recurring financial income | 76B | €1,261 | €0 | -€1,261 | -100.0% |
| Financial charges | 65/66B | €287,376 | €189,052 | -€98,323 | -34.2% |
| Recurring financial charges | 65 | €287,376 | €189,052 | -€98,323 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€103,726 | -€137,134 | -€33,409 | -32.2% |
| Income taxes | 67/77 | - | €19,204 | +€19,204 | |
| Profit (loss) for the period | 9904 | -€103,726 | -€156,338 | -€52,613 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€103,726 | -€156,338 | -€52,613 | -50.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.