FNEKO: 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.
FNEKO
Largest movements
- Current investments +€63,850
up €63,850 (+29.1%), from €219,155 to €283,004
- Tangible fixed assets -€13,218
down €13,218 (-24.2%), from €54,686 to €41,468
of which Furniture and vehicles: -€11,365
- Reserves +€47,281
up €47,281 (+17.6%), from €269,025 to €316,306
- Other debts -€5,297
down €5,297 (-10.2%), from €51,743 to €46,446
- Gross operating margin -€1,394
down €1,394 (-1.6%), from €85,000 to €83,606
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 | €339,820 | €386,252 | +€46,432 | +13.7% |
| Fixed assets | 21/28 | €54,686 | €41,468 | -€13,218 | -24.2% |
| Tangible fixed assets | 22/27 | €54,686 | €41,468 | -€13,218 | -24.2% |
| Land and buildings | 22 | €9,902 | €8,050 | -€1,852 | -18.7% |
| Furniture and vehicles | 24 | €44,783 | €33,418 | -€11,365 | -25.4% |
| Current assets | 29/58 | €285,134 | €344,784 | +€59,650 | +20.9% |
| Amounts receivable within one year | 40/41 | €18,458 | €17,763 | -€694 | -3.8% |
| Trade receivables | 40 | €17,015 | €17,763 | +€748 | +4.4% |
| Other amounts receivable | 41 | €1,442 | - | -€1,442 | |
| Current investments | 50/53 | €219,155 | €283,004 | +€63,850 | +29.1% |
| Cash at bank and in hand | 54/58 | €44,418 | €40,557 | -€3,862 | -8.7% |
| Deferred charges and accrued income | 490/1 | €3,104 | €3,460 | +€356 | +11.5% |
| Total equity and liabilities | 10/49 | €339,820 | €386,252 | +€46,432 | +13.7% |
| Equity | 10/15 | €275,225 | €322,506 | +€47,281 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €269,025 | €316,306 | +€47,281 | +17.6% |
| Distributable reserves | 133 | €269,025 | €316,306 | +€47,281 | +17.6% |
| Amounts payable | 17/49 | €64,595 | €63,746 | -€849 | -1.3% |
| Amounts payable within one year | 42/48 | €64,399 | €63,746 | -€653 | -1.0% |
| Trade debts | 44 | €4,360 | €5,252 | +€891 | +20.4% |
| Suppliers | 440/4 | €4,360 | €5,252 | +€891 | +20.4% |
| Taxes, remuneration and social security | 45 | €8,296 | €12,048 | +€3,752 | +45.2% |
| Taxes | 450/3 | €8,296 | €12,048 | +€3,752 | +45.2% |
| Other amounts payable | 47/48 | €51,743 | €46,446 | -€5,297 | -10.2% |
| Accrued charges and deferred income | 492/3 | €196 | €0 | -€196 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,417 | €14,397 | -€19 | -0.1% |
| Other operating charges | 640/8 | €961 | €969 | +€8 | +0.9% |
| Gross operating margin | 9900 | €85,000 | €83,606 | -€1,394 | -1.6% |
| Operating profit (loss) | 9901 | €69,622 | €68,239 | -€1,383 | -2.0% |
| Financial income | 75/76B | €1,981 | €1,386 | -€595 | -30.0% |
| Recurring financial income | 75 | €1,981 | €1,386 | -€595 | -30.0% |
| Financial charges | 65/66B | €240 | €171 | -€69 | -28.8% |
| Recurring financial charges | 65 | €240 | €171 | -€69 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €71,363 | €69,454 | -€1,909 | -2.7% |
| Income taxes | 67/77 | €20,273 | €20,507 | +€235 | +1.2% |
| Profit (loss) for the period | 9904 | €51,091 | €48,947 | -€2,144 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,091 | €48,947 | -€2,144 | -4.2% |
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 5 October 2026 via checked.be.