FEELSAFE: what changed
FEELSAFE
Largest movements
- Receivables within one year +€260,336
up €260,336 (+1,701%), from €15,303 to €275,639
of which Trade receivables: +€150,477
- Cash +€16,966
up €16,966 (+87.5%), from €19,383 to €36,349
mainly Trade debts (+€117,028) and Net result for the year (+€100,422)
- Tangible fixed assets -€4,998
down €4,998 (-21.3%), from €23,447 to €18,449
- Trade debts +€117,028
new in 2025: €117,028
- Reserves +€95,000
new in 2025: €95,000
- Tax, wage and social debts +€57,265
new in 2025: €57,265
- Profit (loss) carried forward +€5,422
up €5,422 (+11.9%), from €45,706 to €51,128
- Gross operating margin +€86,721
up €86,721 (+141%), from €61,466 to €148,187
- Taxes +€27,363
up €27,363 (+193%), from €14,146 to €41,509
- Depreciation +€3,455
up €3,455 (+224%), from €1,543 to €4,998
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,133 | €330,437 | +€272,304 | +468% |
| Fixed assets | 21/28 | €23,447 | €18,449 | -€4,998 | -21.3% |
| Tangible fixed assets | 22/27 | €23,447 | €18,449 | -€4,998 | -21.3% |
| Furniture and vehicles | 24 | €23,447 | €18,449 | -€4,998 | -21.3% |
| Current assets | 29/58 | €34,686 | €311,988 | +€277,302 | +799% |
| Amounts receivable within one year | 40/41 | €15,303 | €275,639 | +€260,336 | +1,701% |
| Trade receivables | 40 | €9,524 | €160,002 | +€150,477 | +1,580% |
| Other amounts receivable | 41 | €5,779 | €115,638 | +€109,859 | +1,901% |
| Cash at bank and in hand | 54/58 | €19,383 | €36,349 | +€16,966 | +87.5% |
| Total equity and liabilities | 10/49 | €58,133 | €330,437 | +€272,304 | +468% |
| Equity | 10/15 | €50,706 | €151,128 | +€100,422 | +198% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €95,000 | +€95,000 | |
| Distributable reserves | 133 | - | €95,000 | +€95,000 | |
| Profit (loss) carried forward | 14 | €45,706 | €51,128 | +€5,422 | +11.9% |
| Amounts payable | 17/49 | €7,427 | €179,309 | +€171,881 | +2,314% |
| Amounts payable within one year | 42/48 | €2,412 | €174,294 | +€171,881 | +7,125% |
| Trade debts | 44 | - | €117,028 | +€117,028 | |
| Suppliers | 440/4 | - | €117,028 | +€117,028 | |
| Taxes, remuneration and social security | 45 | - | €57,265 | +€57,265 | |
| Taxes | 450/3 | - | €57,265 | +€57,265 | |
| Other amounts payable | 47/48 | €2,412 | - | -€2,412 | |
| Accrued charges and deferred income | 492/3 | €5,015 | €5,015 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,543 | €4,998 | +€3,455 | +224% |
| Other operating charges | 640/8 | €39 | €1,188 | +€1,149 | +2,919% |
| Gross operating margin | 9900 | €61,466 | €148,187 | +€86,721 | +141% |
| Operating profit (loss) | 9901 | €59,884 | €142,000 | +€82,117 | +137% |
| Financial charges | 65/66B | €32 | €69 | +€37 | +114% |
| Recurring financial charges | 65 | €32 | €69 | +€37 | +114% |
| Profit (loss) for the period before taxes | 9903 | €59,852 | €141,931 | +€82,080 | +137% |
| Income taxes | 67/77 | €14,146 | €41,509 | +€27,363 | +193% |
| Profit (loss) for the period | 9904 | €45,706 | €100,422 | +€54,717 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €45,706 | €100,422 | +€54,717 | +120% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.