Fer-Bo: 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.
Fer-Bo
Largest movements
- Cash -€5,376
down €5,376 (-13.9%), from €38,553 to €33,177
mainly Receivables within one year (-€4,480) and Tax, wage and social debts (-€3,519)
- Receivables within one year +€4,480
up €4,480 (+22.8%), from €19,623 to €24,102
of which Trade receivables: +€4,633
- Tax, wage and social debts -€3,519
down €3,519 (-17.0%), from €20,664 to €17,145
of which Remuneration and social security: -€2,430
- Reserves +€3,388
up €3,388 (+13.5%), from €25,165 to €28,553
- Trade debts -€776
down €776 (-100.0%), from €776 to €0
- Gross operating margin -€32,776
down €32,776 (-22.8%), from €143,671 to €110,895
- Staff costs -€26,346
down €26,346 (-19.9%), from €132,376 to €106,030
- Taxes -€1,761
down €1,761 (-58.8%), from €2,995 to €1,233
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.
Cash bridge derived
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 | €59,005 | €58,098 | -€908 | -1.5% |
| Current assets | 29/58 | €59,005 | €58,098 | -€908 | -1.5% |
| Amounts receivable within one year | 40/41 | €19,623 | €24,102 | +€4,480 | +22.8% |
| Trade receivables | 40 | €19,448 | €24,081 | +€4,633 | +23.8% |
| Other amounts receivable | 41 | €174 | €21 | -€153 | -88.0% |
| Cash at bank and in hand | 54/58 | €38,553 | €33,177 | -€5,376 | -13.9% |
| Deferred charges and accrued income | 490/1 | €830 | €818 | -€12 | -1.4% |
| Total equity and liabilities | 10/49 | €59,005 | €58,098 | -€908 | -1.5% |
| Equity | 10/15 | €37,565 | €40,953 | +€3,388 | +9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,165 | €28,553 | +€3,388 | +13.5% |
| Distributable reserves | 133 | €25,165 | €28,553 | +€3,388 | +13.5% |
| Amounts payable | 17/49 | €21,440 | €17,145 | -€4,295 | -20.0% |
| Amounts payable within one year | 42/48 | €21,440 | €17,145 | -€4,295 | -20.0% |
| Trade debts | 44 | €776 | €0 | -€776 | -100.0% |
| Suppliers | 440/4 | €776 | €0 | -€776 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,664 | €17,145 | -€3,519 | -17.0% |
| Taxes | 450/3 | €9,996 | €8,907 | -€1,089 | -10.9% |
| Remuneration and social security | 454/9 | €10,668 | €8,238 | -€2,430 | -22.8% |
| Remuneration, social security and pensions | 62 | €132,376 | €106,030 | -€26,346 | -19.9% |
| Other operating charges | 640/8 | €211 | €216 | +€5 | +2.2% |
| Gross operating margin | 9900 | €143,671 | €110,895 | -€32,776 | -22.8% |
| Operating profit (loss) | 9901 | €11,085 | €4,650 | -€6,435 | -58.1% |
| Financial income | 75/76B | €32 | €21 | -€11 | -35.3% |
| Recurring financial income | 75 | €32 | €21 | -€11 | -35.3% |
| Financial charges | 65/66B | €128 | €50 | -€78 | -61.2% |
| Recurring financial charges | 65 | €128 | €50 | -€78 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €10,989 | €4,621 | -€6,368 | -58.0% |
| Income taxes | 67/77 | €2,995 | €1,233 | -€1,761 | -58.8% |
| Profit (loss) for the period | 9904 | €7,995 | €3,388 | -€4,607 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,995 | €3,388 | -€4,607 | -57.6% |
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 11 October 2026 via checked.be.