FER A SOUDER: 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
FER A SOUDER
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,215
2024 · €34,018-€35,233
Equity
€230,472
2024 · €232,428-€1,956
Cash
€8,855
2024 · €7,525+€1,330
Balance sheet total
€526,225
2024 · €534,905-€8,680
Largest movements
Assets
- Tangible fixed assets -€28,299
down €28,299 (-5.4%), from €520,304 to €492,005
of which Land and buildings: -€24,501
- Receivables within one year +€18,969
up €18,969 (+351%), from €5,404 to €24,374
of which Trade receivables: +€9,496
Equity and liabilities
- Other debts +€23,100
up €23,100 (+148%), from €15,645 to €38,745
- Debts after one year -€21,106
down €21,106 (-9.3%), from €227,174 to €206,068
- Tax, wage and social debts -€8,403
down €8,403 (-33.4%), from €25,189 to €16,787
of which Taxes: -€7,355
Income statement
- Gross operating margin -€70,995
down €70,995 (-61.9%), from €114,775 to €43,780
- Taxes -€17,030
down €17,030 (-95.8%), from €17,769 to €739
- Staff costs -€11,981
down €11,981 (-80.9%), from €14,813 to €2,832
- Depreciation -€5,618
down €5,618 (-17.5%), from €32,048 to €26,430
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
€34,018
Gross operating margin
-€70,995
Staff costs
+€11,981
Depreciation
+€5,618
Other operating charges
+€313
Other operating items
+€41
Financial income
-€155
Financial charges
+€934
Taxes
+€17,030
Result 2025
-€1,215
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
+€18,248
Investment
+€1,869
Financing
-€18,787
Cash 2024
€7,525
From operations (derived)
+€18,248
Net result for the year
-€1,215
Depreciation
+€26,430
Receivables within one year
-€18,969
Deferred charges and accrued income
+€681
Trade debts
-€3,374
Tax, wage and social debts
-€8,403
Other debts
+€23,100
Accrued charges and deferred income
-€1
Investment (derived)
+€1,869
Investment in fixed assets (net)
+€1,869
Financing
-€18,787
Debts after one year
-€21,106
Current portion of long-term debt
+€529
Short-term financial debts
+€2,530
Contributions, distributions and other
-€741
Cash 2025
€8,855
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,905 | €526,225 | -€8,680 | -1.6% |
| Fixed assets | 21/28 | €520,374 | €492,075 | -€28,299 | -5.4% |
| Tangible fixed assets | 22/27 | €520,304 | €492,005 | -€28,299 | -5.4% |
| Land and buildings | 22 | €512,325 | €487,824 | -€24,501 | -4.8% |
| Plant, machinery and equipment | 23 | €3,419 | €3,386 | -€32 | -0.9% |
| Furniture and vehicles | 24 | €4,560 | €795 | -€3,766 | -82.6% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €14,531 | €34,150 | +€19,619 | +135% |
| Amounts receivable within one year | 40/41 | €5,404 | €24,374 | +€18,969 | +351% |
| Trade receivables | 40 | €2,065 | €11,560 | +€9,496 | +460% |
| Other amounts receivable | 41 | €3,340 | €12,814 | +€9,474 | +284% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,525 | €8,855 | +€1,330 | +17.7% |
| Deferred charges and accrued income | 490/1 | €1,601 | €921 | -€681 | -42.5% |
| Total equity and liabilities | 10/49 | €534,905 | €526,225 | -€8,680 | -1.6% |
| Equity | 10/15 | €232,428 | €230,472 | -€1,956 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,360 | €46,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,500 | €44,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,732 | €154,517 | -€1,215 | -0.8% |
| Investment grants | 15 | €24,136 | €23,395 | -€741 | -3.1% |
| Amounts payable | 17/49 | €302,477 | €295,753 | -€6,724 | -2.2% |
| Amounts payable after more than one year | 17 | €227,174 | €206,068 | -€21,106 | -9.3% |
| Financial debts | 170/4 | €227,174 | €206,068 | -€21,106 | -9.3% |
| Amounts payable within one year | 42/48 | €73,656 | €88,039 | +€14,383 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €20,577 | €21,106 | +€529 | +2.6% |
| Financial debts | 43 | - | €2,530 | +€2,530 | |
| Credit institutions | 430/8 | - | €2,530 | +€2,530 | |
| Trade debts | 44 | €12,246 | €8,871 | -€3,374 | -27.6% |
| Suppliers | 440/4 | €12,246 | €8,871 | -€3,374 | -27.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €25,189 | €16,787 | -€8,403 | -33.4% |
| Taxes | 450/3 | €24,142 | €16,787 | -€7,355 | -30.5% |
| Remuneration and social security | 454/9 | €1,047 | €0 | -€1,047 | -100% |
| Other amounts payable | 47/48 | €15,645 | €38,745 | +€23,100 | +148% |
| Accrued charges and deferred income | 492/3 | €1,647 | €1,646 | -€1 | -0.1% |
| Remuneration, social security and pensions | 62 | €14,813 | €2,832 | -€11,981 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,048 | €26,430 | -€5,618 | -17.5% |
| Other operating charges | 640/8 | €5,577 | €5,264 | -€313 | -5.6% |
| Non-recurring operating charges | 66A | €2,910 | €2,869 | -€41 | -1.4% |
| Gross operating margin | 9900 | €114,775 | €43,780 | -€70,995 | -61.9% |
| Operating profit (loss) | 9901 | €59,427 | €6,385 | -€53,042 | -89.3% |
| Financial income | 75/76B | €912 | €757 | -€155 | -17.0% |
| Recurring financial income | 75 | €912 | €757 | -€155 | -17.0% |
| Financial charges | 65/66B | €8,552 | €7,618 | -€934 | -10.9% |
| Recurring financial charges | 65 | €8,552 | €7,618 | -€934 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €51,787 | -€476 | -€52,263 | |
| Income taxes | 67/77 | €17,769 | €739 | -€17,030 | -95.8% |
| Profit (loss) for the period | 9904 | €34,018 | -€1,215 | -€35,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,018 | -€1,215 | -€35,233 |
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 27 October 2026 via checked.be.