J.L. FEYS: 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.
J.L. FEYS
Largest movements
- Receivables within one year +€46,831
up €46,831 (+41.4%), from €113,124 to €159,955
of which Other amounts receivable: +€47,916
- Tangible fixed assets -€46,675
down €46,675 (-15.4%), from €303,568 to €256,893
of which Land and buildings: -€28,965
- Deferred charges and accrued income -€36,232
down €36,232 (-62.9%), from €57,572 to €21,340
- Financial fixed assets +€35,999
up €35,999 (+80.0%), from €45,026 to €81,025
- Cash +€33,294
up €33,294 (+44.5%), from €74,891 to €108,185
mainly Net result for the year (+€126,874) and Depreciation (+€47,624)
- Reserves +€40,663
up €40,663 (+9.3%), from €436,787 to €477,450
- Tax, wage and social debts +€22,021
up €22,021 (+338.4%), from €6,507 to €28,528
- Debts after one year -€19,955
down €19,955 (-15.0%), from €133,163 to €113,208
- Current portion of long-term debt -€7,635
down €7,635 (-20.3%), from €37,590 to €29,955
- Gross operating margin +€32,378
up €32,378 (+16.2%), from €200,360 to €232,738
- Taxes +€11,990
up €11,990 (+25.8%), from €46,538 to €58,528
- Financial income +€2,666
up €2,666 (+41.7%), from €6,398 to €9,064
- Depreciation +€2,571
up €2,571 (+5.7%), from €45,054 to €47,624
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 | €676,297 | €709,513 | +€33,217 | +4.9% |
| Fixed assets | 21/28 | €348,594 | €337,918 | -€10,676 | -3.1% |
| Tangible fixed assets | 22/27 | €303,568 | €256,893 | -€46,675 | -15.4% |
| Land and buildings | 22 | €202,757 | €173,791 | -€28,965 | -14.3% |
| Furniture and vehicles | 24 | €19,046 | €10,925 | -€8,121 | -42.6% |
| Other tangible fixed assets | 26 | €81,765 | €72,176 | -€9,589 | -11.7% |
| Financial fixed assets | 28 | €45,026 | €81,025 | +€35,999 | +80.0% |
| Current assets | 29/58 | €327,702 | €371,595 | +€43,893 | +13.4% |
| Amounts receivable within one year | 40/41 | €113,124 | €159,955 | +€46,831 | +41.4% |
| Trade receivables | 40 | €1,085 | - | -€1,085 | |
| Other amounts receivable | 41 | €112,039 | €159,955 | +€47,916 | +42.8% |
| Current investments | 50/53 | €82,115 | €82,115 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,891 | €108,185 | +€33,294 | +44.5% |
| Deferred charges and accrued income | 490/1 | €57,572 | €21,340 | -€36,232 | -62.9% |
| Total equity and liabilities | 10/49 | €676,297 | €709,513 | +€33,217 | +4.9% |
| Equity | 10/15 | €474,336 | €515,023 | +€40,687 | +8.6% |
| Contributions | 10/11 | €14,880 | €14,880 | = | 0.0% |
| Reserves | 13 | €436,787 | €477,450 | +€40,663 | +9.3% |
| Non-distributable reserves | 130/1 | €436,787 | €477,450 | +€40,663 | +9.3% |
| Reserves not available under the articles | 1311 | €436,787 | €477,450 | +€40,663 | +9.3% |
| Profit (loss) carried forward | 14 | €22,669 | €22,693 | +€24 | +0.1% |
| Amounts payable | 17/49 | €201,961 | €194,490 | -€7,470 | -3.7% |
| Amounts payable after more than one year | 17 | €133,163 | €113,208 | -€19,955 | -15.0% |
| Financial debts | 170/4 | €133,163 | €113,208 | -€19,955 | -15.0% |
| Amounts payable within one year | 42/48 | €68,797 | €81,282 | +€12,485 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €37,590 | €29,955 | -€7,635 | -20.3% |
| Trade debts | 44 | €24,700 | €22,799 | -€1,902 | -7.7% |
| Suppliers | 440/4 | €24,700 | €22,799 | -€1,902 | -7.7% |
| Taxes, remuneration and social security | 45 | €6,507 | €28,528 | +€22,021 | +338.4% |
| Taxes | 450/3 | €6,507 | €28,528 | +€22,021 | +338.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,054 | €47,624 | +€2,571 | +5.7% |
| Other operating charges | 640/8 | €1,135 | €1,248 | +€113 | +10.0% |
| Gross operating margin | 9900 | €200,360 | €232,738 | +€32,378 | +16.2% |
| Operating profit (loss) | 9901 | €154,172 | €183,866 | +€29,694 | +19.3% |
| Financial income | 75/76B | €6,398 | €9,064 | +€2,666 | +41.7% |
| Recurring financial income | 75 | €6,398 | €9,064 | +€2,666 | +41.7% |
| Financial charges | 65/66B | €8,426 | €7,528 | -€899 | -10.7% |
| Recurring financial charges | 65 | €8,426 | €7,528 | -€899 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €152,144 | €185,402 | +€33,259 | +21.9% |
| Income taxes | 67/77 | €46,538 | €58,528 | +€11,990 | +25.8% |
| Profit (loss) for the period | 9904 | €105,605 | €126,874 | +€21,269 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,605 | €126,874 | +€21,269 | +20.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.