CABINET PIERRE-FREDERIC FERON: 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.
CABINET PIERRE-FREDERIC FERON
Largest movements
- Cash +€25,787
up €25,787 (+51.2%), from €50,359 to €76,146
mainly Net result for the year (+€17,849) and Depreciation (+€7,458)
- Receivables within one year -€3,325
down €3,325 (-97.7%), from €3,405 to €80
of which Trade receivables: -€3,337
- Tangible fixed assets -€2,522
down €2,522 (-33.1%), from €7,622 to €5,100
of which Furniture and vehicles: -€3,299
- Reserves +€17,000
up €17,000 (+53.4%), from €31,860 to €48,860
- Tax, wage and social debts +€1,317
up €1,317 (+65.9%), from €2,000 to €3,317
of which Taxes: +€1,317
- Other debts +€1,150
up €1,150 (+230%), from €501 to €1,651
- Gross operating margin +€13,089
up €13,089 (+61.8%), from €21,167 to €34,256
- Taxes +€1,712
up €1,712 (+30.4%), from €5,632 to €7,344
- Depreciation +€714
up €714 (+10.6%), from €6,744 to €7,458
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 | €65,409 | €85,543 | +€20,134 | +30.8% |
| Fixed assets | 21/28 | €7,622 | €5,100 | -€2,522 | -33.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,622 | €5,100 | -€2,522 | -33.1% |
| Plant, machinery and equipment | 23 | €1,614 | €2,391 | +€777 | +48.2% |
| Furniture and vehicles | 24 | €6,008 | €2,709 | -€3,299 | -54.9% |
| Current assets | 29/58 | €57,787 | €80,443 | +€22,656 | +39.2% |
| Amounts receivable within one year | 40/41 | €3,405 | €80 | -€3,325 | -97.7% |
| Trade receivables | 40 | €3,337 | €0 | -€3,337 | -100% |
| Other amounts receivable | 41 | €68 | €80 | +€12 | +18.0% |
| Cash at bank and in hand | 54/58 | €50,359 | €76,146 | +€25,787 | +51.2% |
| Deferred charges and accrued income | 490/1 | €4,023 | €4,217 | +€194 | +4.8% |
| Total equity and liabilities | 10/49 | €65,409 | €85,543 | +€20,134 | +30.8% |
| Equity | 10/15 | €61,255 | €79,104 | +€17,849 | +29.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,860 | €48,860 | +€17,000 | +53.4% |
| Distributable reserves | 133 | €31,860 | €48,860 | +€17,000 | +53.4% |
| Profit (loss) carried forward | 14 | €16,995 | €17,844 | +€849 | +5.0% |
| Amounts payable | 17/49 | €4,154 | €6,439 | +€2,285 | +55.0% |
| Amounts payable within one year | 42/48 | €4,154 | €6,439 | +€2,285 | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €1,653 | €1,472 | -€182 | -11.0% |
| Suppliers | 440/4 | €1,653 | €1,472 | -€182 | -11.0% |
| Taxes, remuneration and social security | 45 | €2,000 | €3,317 | +€1,317 | +65.9% |
| Taxes | 450/3 | €2,000 | €3,317 | +€1,317 | +65.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €501 | €1,651 | +€1,150 | +230% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,744 | €7,458 | +€714 | +10.6% |
| Other operating charges | 640/8 | €981 | €1,114 | +€134 | +13.6% |
| Gross operating margin | 9900 | €21,167 | €34,256 | +€13,089 | +61.8% |
| Operating profit (loss) | 9901 | €13,442 | €25,684 | +€12,242 | +91.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €439 | €491 | +€52 | +11.8% |
| Recurring financial charges | 65 | €439 | €491 | +€52 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €13,003 | €25,193 | +€12,190 | +93.7% |
| Income taxes | 67/77 | €5,632 | €7,344 | +€1,712 | +30.4% |
| Profit (loss) for the period | 9904 | €7,371 | €17,849 | +€10,478 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €7,371 | €17,849 | +€10,478 | +142% |
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 28 October 2026 via checked.be.