FEKA: 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.
What changed
FEKA
NACE 28.120, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€110,438
2024 · -€15,343+€125,781
Equity
€1.2m
2024 · €1.1m+€89,433
Cash
€106,989
2024 · €82,963+€24,026
Balance sheet total
€3.3m
2024 · €3.4m-€88,159
Largest movements
Assets
- Tangible fixed assets -€180,750
down €180,750 (-22.1%), from €816,344 to €635,593
- Stocks and contracts +€112,383
up €112,383 (+5.8%), from €1.9m to €2.0m
- Receivables within one year -€48,885
down €48,885 (-10.0%), from €488,127 to €439,242
of which Trade receivables: -€41,137
Equity and liabilities
- Trade debts -€106,751
down €106,751 (-24.4%), from €437,263 to €330,512
- Profit (loss) carried forward +€90,438
up €90,438 (+13.5%), from €671,205 to €761,643
- Other debts -€69,414
down €69,414 (-58.6%), from €118,480 to €49,066
- Debts after one year -€54,547
down €54,547 (-15.5%), from €352,817 to €298,270
- Advances received +€41,076
new in 2025: €41,076
Income statement
- Gross operating margin +€155,670
up €155,670 (+13.9%), from €1.1m to €1.3m
- Staff costs +€41,032
up €41,032 (+5.6%), from €726,594 to €767,626
- Taxes +€34,534
up €34,534 (+4,195%), from €823 to €35,358
- Depreciation -€24,893
down €24,893 (-8.6%), from €289,769 to €264,876
- Financial charges -€18,884
down €18,884 (-18.6%), from €101,526 to €82,642
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.
Result 2024
-€15,343
Gross operating margin
+€155,670
Staff costs
-€41,032
Depreciation
+€24,893
Other operating charges
+€3,527
Financial income
-€373
Financial charges
+€18,884
Taxes
-€34,534
Deferred taxes and other
-€1,253
Result 2025
€110,438
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€210,546
Investment
-€84,126
Financing
-€102,394
Cash 2024
€82,963
From operations (derived)
+€210,546
Net result for the year
+€110,438
Depreciation
+€264,876
Stocks and contracts
-€112,383
Receivables within one year
+€48,885
Deferred charges and accrued income
-€5,068
Provisions
-€1,714
Trade debts
-€106,751
Tax, wage and social debts
+€21,360
Advances received
+€41,076
Other debts
-€69,414
Accrued charges and deferred income
+€19,240
Investment (derived)
-€84,126
Investment in fixed assets (net)
-€84,126
Financing
-€102,394
Debts after one year
-€54,547
Current portion of long-term debt
-€11,842
Short-term financial debts
-€15,000
Contributions, distributions and other
-€21,005
Cash 2025
€106,989
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,378,631 | €3,290,472 | -€88,159 | -2.6% |
| Fixed assets | 21/28 | €855,208 | €674,458 | -€180,750 | -21.1% |
| Tangible fixed assets | 22/27 | €816,344 | €635,593 | -€180,750 | -22.1% |
| Land and buildings | 22 | €350,076 | €270,351 | -€79,725 | -22.8% |
| Plant, machinery and equipment | 23 | €195,497 | €168,625 | -€26,872 | -13.7% |
| Furniture and vehicles | 24 | €73,377 | €56,998 | -€16,380 | -22.3% |
| Leasing and similar rights | 25 | €197,393 | €139,619 | -€57,774 | -29.3% |
| Financial fixed assets | 28 | €38,864 | €38,864 | = | 0.0% |
| Current assets | 29/58 | €2,523,423 | €2,616,015 | +€92,592 | +3.7% |
| Stocks and contracts in progress | 3 | €1,927,389 | €2,039,772 | +€112,383 | +5.8% |
| Stocks | 30/36 | €1,927,389 | €2,039,772 | +€112,383 | +5.8% |
| Amounts receivable within one year | 40/41 | €488,127 | €439,242 | -€48,885 | -10.0% |
| Trade receivables | 40 | €450,732 | €409,595 | -€41,137 | -9.1% |
| Other amounts receivable | 41 | €37,395 | €29,647 | -€7,748 | -20.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €82,963 | €106,989 | +€24,026 | +29.0% |
| Deferred charges and accrued income | 490/1 | €24,944 | €30,012 | +€5,068 | +20.3% |
| Total equity and liabilities | 10/49 | €3,378,631 | €3,290,472 | -€88,159 | -2.6% |
| Equity | 10/15 | €1,120,189 | €1,209,622 | +€89,433 | +8.0% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €201,683 | €206,683 | +€5,000 | +2.5% |
| Non-distributable reserves | 130/1 | €22,000 | €0 | -€22,000 | -100% |
| Reserves not available under the articles | 1311 | €22,000 | €0 | -€22,000 | -100% |
| Tax-exempt reserves | 132 | €69 | €69 | = | 0.0% |
| Distributable reserves | 133 | €179,614 | €206,614 | +€27,000 | +15.0% |
| Profit (loss) carried forward | 14 | €671,205 | €761,643 | +€90,438 | +13.5% |
| Investment grants | 15 | €27,302 | €21,296 | -€6,005 | -22.0% |
| Provisions and deferred taxes | 16 | €7,804 | €6,090 | -€1,714 | -22.0% |
| Deferred taxes | 168 | €7,804 | €6,090 | -€1,714 | -22.0% |
| Amounts payable | 17/49 | €2,250,638 | €2,074,761 | -€175,878 | -7.8% |
| Amounts payable after more than one year | 17 | €352,817 | €298,270 | -€54,547 | -15.5% |
| Financial debts | 170/4 | €352,817 | €298,270 | -€54,547 | -15.5% |
| Amounts payable within one year | 42/48 | €1,882,537 | €1,741,966 | -€140,571 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €225,642 | €213,800 | -€11,842 | -5.2% |
| Financial debts | 43 | €980,000 | €965,000 | -€15,000 | -1.5% |
| Credit institutions | 430/8 | €980,000 | €965,000 | -€15,000 | -1.5% |
| Trade debts | 44 | €437,263 | €330,512 | -€106,751 | -24.4% |
| Suppliers | 440/4 | €437,263 | €330,512 | -€106,751 | -24.4% |
| Advances received on contracts in progress | 46 | - | €41,076 | +€41,076 | |
| Taxes, remuneration and social security | 45 | €121,152 | €142,512 | +€21,360 | +17.6% |
| Taxes | 450/3 | €33,988 | €40,397 | +€6,409 | +18.9% |
| Remuneration and social security | 454/9 | €87,163 | €102,115 | +€14,951 | +17.2% |
| Other amounts payable | 47/48 | €118,480 | €49,066 | -€69,414 | -58.6% |
| Accrued charges and deferred income | 492/3 | €15,285 | €34,525 | +€19,240 | +126% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | €6,994 | €20,164 | +€13,169 | +188% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €726,594 | €767,626 | +€41,032 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289,769 | €264,876 | -€24,893 | -8.6% |
| Other operating charges | 640/8 | €35,073 | €31,546 | -€3,527 | -10.1% |
| Gross operating margin | 9900 | €1,123,861 | €1,279,531 | +€155,670 | +13.9% |
| Operating profit (loss) | 9901 | €72,425 | €215,483 | +€143,058 | +198% |
| Financial income | 75/76B | €11,615 | €11,241 | -€373 | -3.2% |
| Recurring financial income | 75 | €11,615 | €11,241 | -€373 | -3.2% |
| Financial charges | 65/66B | €101,526 | €82,642 | -€18,884 | -18.6% |
| Recurring financial charges | 65 | €101,526 | €82,642 | -€18,884 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,487 | €144,082 | +€161,569 | |
| Transfer from deferred taxes | 780 | €2,967 | €1,714 | -€1,253 | -42.2% |
| Income taxes | 67/77 | €823 | €35,358 | +€34,534 | +4,195% |
| Profit (loss) for the period | 9904 | -€15,343 | €110,438 | +€125,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,343 | €110,438 | +€125,781 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.