FEHRAZMED: 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.
FEHRAZMED
Largest movements
- Cash -€22,833
down €22,833 (-40.0%), from €57,102 to €34,269
mainly Contributions, distributions and other (-€53,500) and Other debts (-€39,496)
- Tangible fixed assets -€10,696
down €10,696 (-7.7%), from €139,520 to €128,824
of which Land and buildings: -€11,880
- Receivables within one year -€4,263
no longer reported in 2025 (was €4,263)
- Other debts -€39,496
down €39,496 (-100.0%), from €39,502 to €6
- Debts after one year -€21,378
down €21,378 (-23.8%), from €89,709 to €68,331
- Current portion of long-term debt +€8,628
up €8,628 (+67.7%), from €12,751 to €21,378
- Trade debts +€8,627
up €8,627 (+66,467%), from €13 to €8,640
- Profit (loss) carried forward +€6,076
up €6,076 (+14.1%), from €43,169 to €49,245
- Gross operating margin +€20,049
up €20,049 (+14.3%), from €140,301 to €160,351
- Taxes +€19,264
up €19,264 (+161%), from €11,941 to €31,205
- Other operating charges -€5,706
down €5,706 (-90.1%), from €6,330 to €624
- Depreciation +€2,243
up €2,243 (+15.0%), from €14,905 to €17,148
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 | €243,486 | €203,680 | -€39,806 | -16.3% |
| Fixed assets | 21/28 | €139,520 | €129,016 | -€10,504 | -7.5% |
| Tangible fixed assets | 22/27 | €139,520 | €128,824 | -€10,696 | -7.7% |
| Land and buildings | 22 | €126,686 | €114,806 | -€11,880 | -9.4% |
| Plant, machinery and equipment | 23 | €11,956 | €10,767 | -€1,189 | -9.9% |
| Furniture and vehicles | 24 | - | €2,658 | +€2,658 | |
| Other tangible fixed assets | 26 | €878 | €593 | -€285 | -32.4% |
| Financial fixed assets | 28 | - | €192 | +€192 | |
| Current assets | 29/58 | €103,966 | €74,664 | -€29,302 | -28.2% |
| Amounts receivable within one year | 40/41 | €4,263 | - | -€4,263 | |
| Other amounts receivable | 41 | €4,263 | - | -€4,263 | |
| Current investments | 50/53 | €36,201 | €36,201 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,102 | €34,269 | -€22,833 | -40.0% |
| Deferred charges and accrued income | 490/1 | €6,401 | €4,194 | -€2,207 | -34.5% |
| Total equity and liabilities | 10/49 | €243,486 | €203,680 | -€39,806 | -16.3% |
| Equity | 10/15 | €63,629 | €69,705 | +€6,076 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,169 | €49,245 | +€6,076 | +14.1% |
| Amounts payable | 17/49 | €179,858 | €133,975 | -€45,882 | -25.5% |
| Amounts payable after more than one year | 17 | €89,709 | €68,331 | -€21,378 | -23.8% |
| Financial debts | 170/4 | €89,709 | €68,331 | -€21,378 | -23.8% |
| Amounts payable within one year | 42/48 | €90,148 | €65,644 | -€24,504 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €12,751 | €21,378 | +€8,628 | +67.7% |
| Trade debts | 44 | €13 | €8,640 | +€8,627 | +66,467% |
| Suppliers | 440/4 | €13 | €8,640 | +€8,627 | +66,467% |
| Taxes, remuneration and social security | 45 | €37,883 | €35,620 | -€2,263 | -6.0% |
| Taxes | 450/3 | €27,493 | €27,175 | -€319 | -1.2% |
| Remuneration and social security | 454/9 | €10,390 | €8,445 | -€1,945 | -18.7% |
| Other amounts payable | 47/48 | €39,502 | €6 | -€39,496 | -100.0% |
| Remuneration, social security and pensions | 62 | €38,146 | €38,929 | +€783 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,905 | €17,148 | +€2,243 | +15.0% |
| Other operating charges | 640/8 | €6,330 | €624 | -€5,706 | -90.1% |
| Non-recurring operating charges | 66A | - | €8,391 | +€8,391 | |
| Gross operating margin | 9900 | €140,301 | €160,351 | +€20,049 | +14.3% |
| Operating profit (loss) | 9901 | €80,920 | €95,258 | +€14,338 | +17.7% |
| Financial income | 75/76B | €429 | €1,015 | +€585 | +136% |
| Recurring financial income | 75 | €429 | €1,015 | +€585 | +136% |
| Financial charges | 65/66B | €6,539 | €5,491 | -€1,047 | -16.0% |
| Recurring financial charges | 65 | €6,539 | €5,491 | -€1,047 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €74,811 | €90,782 | +€15,971 | +21.3% |
| Income taxes | 67/77 | €11,941 | €31,205 | +€19,264 | +161% |
| Profit (loss) for the period | 9904 | €62,870 | €59,576 | -€3,294 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,870 | €59,576 | -€3,294 | -5.2% |
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 23 October 2026 via checked.be.