La Feuilletine: what changed
Two financial 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.
La Feuilletine
Largest movements
- Receivables within one year -€635,737
down €635,737 (-55.7%), from €1.1m to €506,245
of which Other amounts receivable: -€443,528
- Financial fixed assets +€380,000
up €380,000 (+79.8%), from €475,950 to €855,950
- Tangible fixed assets -€270,558
down €270,558 (-21.4%), from €1.3m to €995,253
of which Plant, machinery and equipment: -€140,699
- Stocks and contracts +€90,126
up €90,126 (+60.1%), from €149,885 to €240,012
- Cash +€37,347
up €37,347 (+39.0%), from €95,734 to €133,081
mainly Receivables within one year (+€635,737) and Depreciation (+€361,752)
- Debts after one year -€262,215
down €262,215 (-39.9%), from €656,683 to €394,467
- Tax, wage and social debts -€101,790
down €101,790 (-24.1%), from €421,674 to €319,884
of which Remuneration and social security: -€96,471
- Current portion of long-term debt -€78,685
down €78,685 (-25.5%), from €308,963 to €230,278
- Trade debts +€37,667
up €37,667 (+7.4%), from €512,252 to €549,920
- Staff costs +€63,427
up €63,427 (+2.2%), from €2.9m to €2.9m
- Depreciation -€44,804
down €44,804 (-11.0%), from €406,556 to €361,752
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.
Derived cash bridge
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 | €3,408,107 | €2,994,827 | -€413,279 | -12.1% |
| Fixed assets | 21/28 | €1,982,618 | €2,059,243 | +€76,625 | +3.9% |
| Intangible fixed assets | 21 | €240,856 | €208,040 | -€32,816 | -13.6% |
| Tangible fixed assets | 22/27 | €1,265,811 | €995,253 | -€270,558 | -21.4% |
| Land and buildings | 22 | €275,040 | €261,600 | -€13,440 | -4.9% |
| Plant, machinery and equipment | 23 | €631,966 | €491,267 | -€140,699 | -22.3% |
| Furniture and vehicles | 24 | €125,150 | €107,653 | -€17,497 | -14.0% |
| Leasing and similar rights | 25 | €161,509 | €70,076 | -€91,433 | -56.6% |
| Other tangible fixed assets | 26 | €72,147 | €64,658 | -€7,489 | -10.4% |
| Financial fixed assets | 28 | €475,950 | €855,950 | +€380,000 | +79.8% |
| Current assets | 29/58 | €1,425,489 | €935,584 | -€489,904 | -34.4% |
| Stocks and contracts in progress | 3 | €149,885 | €240,012 | +€90,126 | +60.1% |
| Stocks | 30/36 | €149,885 | €240,012 | +€90,126 | +60.1% |
| Amounts receivable within one year | 40/41 | €1,141,982 | €506,245 | -€635,737 | -55.7% |
| Trade receivables | 40 | €533,208 | €340,999 | -€192,209 | -36.0% |
| Other amounts receivable | 41 | €608,774 | €165,246 | -€443,528 | -72.9% |
| Cash at bank and in hand | 54/58 | €95,734 | €133,081 | +€37,347 | +39.0% |
| Deferred charges and accrued income | 490/1 | €37,888 | €56,247 | +€18,359 | +48.5% |
| Total equity and liabilities | 10/49 | €3,408,107 | €2,994,827 | -€413,279 | -12.1% |
| Equity | 10/15 | €1,356,471 | €1,361,715 | +€5,244 | +0.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €1,436,229 | €1,436,229 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,417,479 | €1,417,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,547 | -€99,304 | +€5,244 | +5.0% |
| Amounts payable | 17/49 | €2,051,635 | €1,633,113 | -€418,523 | -20.4% |
| Amounts payable after more than one year | 17 | €656,683 | €394,467 | -€262,215 | -39.9% |
| Financial debts | 170/4 | €656,683 | €394,467 | -€262,215 | -39.9% |
| Amounts payable within one year | 42/48 | €1,394,953 | €1,238,646 | -€156,307 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €308,963 | €230,278 | -€78,685 | -25.5% |
| Financial debts | 43 | €151,264 | €137,764 | -€13,500 | -8.9% |
| Credit institutions | 430/8 | €151,264 | €137,764 | -€13,500 | -8.9% |
| Trade debts | 44 | €512,252 | €549,920 | +€37,667 | +7.4% |
| Suppliers | 440/4 | €512,252 | €549,920 | +€37,667 | +7.4% |
| Taxes, remuneration and social security | 45 | €421,674 | €319,884 | -€101,790 | -24.1% |
| Taxes | 450/3 | €67,876 | €62,558 | -€5,319 | -7.8% |
| Remuneration and social security | 454/9 | €353,798 | €257,326 | -€96,471 | -27.3% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Non-recurring operating income | 76A | €87,346 | €4,423 | -€82,923 | -94.9% |
| Remuneration, social security and pensions | 62 | €2,868,919 | €2,932,347 | +€63,427 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406,556 | €361,752 | -€44,804 | -11.0% |
| Other operating charges | 640/8 | €23,986 | €36,618 | +€12,632 | +52.7% |
| Non-recurring operating charges | 66A | €147,317 | €21,488 | -€125,830 | -85.4% |
| Gross operating margin | 9900 | €3,385,437 | €3,405,631 | +€20,194 | +0.6% |
| Operating profit (loss) | 9901 | -€61,342 | €53,426 | +€114,768 | |
| Financial income | 75/76B | €18,733 | €20,469 | +€1,736 | +9.3% |
| Recurring financial income | 75 | €18,733 | €20,469 | +€1,736 | +9.3% |
| Financial charges | 65/66B | €62,791 | €68,651 | +€5,860 | +9.3% |
| Recurring financial charges | 65 | €61,096 | €64,759 | +€3,663 | +6.0% |
| Non-recurring financial charges | 66B | €1,695 | €3,892 | +€2,198 | +130% |
| Profit (loss) for the period before taxes | 9903 | -€105,400 | €5,244 | +€110,644 | |
| Income taxes | 67/77 | €498 | - | -€498 | |
| Profit (loss) for the period | 9904 | -€105,898 | €5,244 | +€111,142 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,898 | €5,244 | +€111,142 |
Source: filed annual accounts (NBB), financial years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.