FILTEX: 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.
FILTEX
Largest movements
- Receivables within one year -€79,849
down €79,849 (-12.9%), from €618,437 to €538,588
of which Trade receivables: -€76,511
- Stocks and contracts -€33,478
down €33,478 (-28.4%), from €117,985 to €84,507
- Cash -€18,911
down €18,911 (-8.7%), from €217,573 to €198,662
mainly Trade debts (-€90,617) and Investment in fixed assets (net) (-€52,907)
- Trade debts -€90,617
down €90,617 (-18.8%), from €481,762 to €391,146
- Debts after one year -€40,517
down €40,517 (-24.3%), from €166,945 to €126,428
- Reserves +€19,047
up €19,047 (+3.0%), from €627,380 to €646,427
of which Distributable reserves: +€19,047
- Gross operating margin -€24,470
down €24,470 (-13.2%), from €185,066 to €160,596
- Staff costs +€12,410
up €12,410 (+100.0%), from €12,407 to €24,817
- Taxes -€11,025
down €11,025 (-32.2%), from €34,235 to €23,211
- Depreciation -€2,715
down €2,715 (-5.0%), from €54,732 to €52,017
- Financial income +€2,365
up €2,365 (+16.2%), from €14,611 to €16,976
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 | €1,421,454 | €1,292,707 | -€128,747 | -9.1% |
| Fixed assets | 21/28 | €454,168 | €455,059 | +€890 | +0.2% |
| Tangible fixed assets | 22/27 | €454,168 | €455,059 | +€890 | +0.2% |
| Land and buildings | 22 | €409,143 | €377,743 | -€31,400 | -7.7% |
| Plant, machinery and equipment | 23 | €24,618 | €19,053 | -€5,566 | -22.6% |
| Furniture and vehicles | 24 | €20,407 | €58,264 | +€37,857 | +185.5% |
| Current assets | 29/58 | €967,286 | €837,648 | -€129,637 | -13.4% |
| Stocks and contracts in progress | 3 | €117,985 | €84,507 | -€33,478 | -28.4% |
| Stocks | 30/36 | €117,985 | €84,507 | -€33,478 | -28.4% |
| Amounts receivable within one year | 40/41 | €618,437 | €538,588 | -€79,849 | -12.9% |
| Trade receivables | 40 | €585,829 | €509,318 | -€76,511 | -13.1% |
| Other amounts receivable | 41 | €32,608 | €29,270 | -€3,338 | -10.2% |
| Cash at bank and in hand | 54/58 | €217,573 | €198,662 | -€18,911 | -8.7% |
| Deferred charges and accrued income | 490/1 | €13,291 | €15,891 | +€2,601 | +19.6% |
| Total equity and liabilities | 10/49 | €1,421,454 | €1,292,707 | -€128,747 | -9.1% |
| Equity | 10/15 | €645,980 | €665,027 | +€19,047 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €627,380 | €646,427 | +€19,047 | +3.0% |
| Tax-exempt reserves | 132 | €394 | €394 | = | 0.0% |
| Distributable reserves | 133 | €626,986 | €646,032 | +€19,047 | +3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €775,474 | €627,680 | -€147,793 | -19.1% |
| Amounts payable after more than one year | 17 | €166,945 | €126,428 | -€40,517 | -24.3% |
| Financial debts | 170/4 | €166,945 | €126,428 | -€40,517 | -24.3% |
| Amounts payable within one year | 42/48 | €608,529 | €501,252 | -€107,277 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €43,711 | €40,517 | -€3,194 | -7.3% |
| Financial debts | 43 | - | €355 | +€355 | |
| Credit institutions | 430/8 | - | €355 | +€355 | |
| Trade debts | 44 | €481,762 | €391,146 | -€90,617 | -18.8% |
| Suppliers | 440/4 | €481,762 | €391,146 | -€90,617 | -18.8% |
| Taxes, remuneration and social security | 45 | €43,056 | €29,235 | -€13,821 | -32.1% |
| Taxes | 450/3 | €42,901 | €26,289 | -€16,613 | -38.7% |
| Remuneration and social security | 454/9 | €154 | €2,947 | +€2,792 | +1809.1% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €12,407 | €24,817 | +€12,410 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,732 | €52,017 | -€2,715 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€900 | €0 | +€900 | |
| Other operating charges | 640/8 | €7,579 | €9,463 | +€1,884 | +24.9% |
| Gross operating margin | 9900 | €185,066 | €160,596 | -€24,470 | -13.2% |
| Operating profit (loss) | 9901 | €111,248 | €74,300 | -€36,949 | -33.2% |
| Financial income | 75/76B | €14,611 | €16,976 | +€2,365 | +16.2% |
| Recurring financial income | 75 | €14,611 | €16,976 | +€2,365 | +16.2% |
| Financial charges | 65/66B | €7,476 | €9,018 | +€1,543 | +20.6% |
| Recurring financial charges | 65 | €7,476 | €9,018 | +€1,543 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €118,383 | €82,257 | -€36,126 | -30.5% |
| Income taxes | 67/77 | €34,235 | €23,211 | -€11,025 | -32.2% |
| Profit (loss) for the period | 9904 | €84,148 | €59,047 | -€25,101 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,148 | €59,047 | -€25,101 | -29.8% |
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 6 October 2026 via checked.be.