FER-DE-LANCE: what changed
Two fiscal 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-DE-LANCE
Largest movements
- Cash -€19,938
down €19,938 (-59.4%), from €33,565 to €13,627
mainly Contributions, distributions and other (-€40,000) and Investment in fixed assets (net) (-€10,582)
- Tangible fixed assets -€10,555
down €10,555 (-12.6%), from €83,460 to €72,904
- Receivables within one year +€9,955
up €9,955 (+48.5%), from €20,547 to €30,502
of which Other amounts receivable: +€7,645
- Reserves -€24,985
down €24,985 (-37.7%), from €66,211 to €41,226
- Other debts +€24,144
up €24,144 (+194.0%), from €12,444 to €36,588
- Debts after one year -€9,036
down €9,036 (-40.5%), from €22,314 to €13,277
- Current portion of long-term debt -€8,884
down €8,884 (-49.6%), from €17,920 to €9,036
- Tax, wage and social debts -€2,102
down €2,102 (-30.9%), from €6,810 to €4,708
- Gross operating margin -€7,276
down €7,276 (-13.2%), from €55,092 to €47,815
- Depreciation +€2,299
up €2,299 (+12.2%), from €18,838 to €21,137
- Taxes -€1,452
down €1,452 (-20.3%), from €7,164 to €5,711
- Other operating charges +€574
up €574 (+42.1%), from €1,361 to €1,935
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 | €137,792 | €117,267 | -€20,525 | -14.9% |
| Fixed assets | 21/28 | €83,460 | €72,904 | -€10,555 | -12.6% |
| Tangible fixed assets | 22/27 | €83,460 | €72,904 | -€10,555 | -12.6% |
| Furniture and vehicles | 24 | €83,460 | €72,904 | -€10,555 | -12.6% |
| Current assets | 29/58 | €54,333 | €44,363 | -€9,970 | -18.3% |
| Amounts receivable within one year | 40/41 | €20,547 | €30,502 | +€9,955 | +48.5% |
| Trade receivables | 40 | €11,000 | €13,310 | +€2,310 | +21.0% |
| Other amounts receivable | 41 | €9,547 | €17,192 | +€7,645 | +80.1% |
| Cash at bank and in hand | 54/58 | €33,565 | €13,627 | -€19,938 | -59.4% |
| Deferred charges and accrued income | 490/1 | €221 | €234 | +€13 | +5.9% |
| Total equity and liabilities | 10/49 | €137,792 | €117,267 | -€20,525 | -14.9% |
| Equity | 10/15 | €68,711 | €43,726 | -€24,985 | -36.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €66,211 | €41,226 | -€24,985 | -37.7% |
| Distributable reserves | 133 | €66,211 | €41,226 | -€24,985 | -37.7% |
| Amounts payable | 17/49 | €69,082 | €73,542 | +€4,460 | +6.5% |
| Amounts payable after more than one year | 17 | €22,314 | €13,277 | -€9,036 | -40.5% |
| Financial debts | 170/4 | €22,314 | €13,277 | -€9,036 | -40.5% |
| Amounts payable within one year | 42/48 | €46,768 | €60,265 | +€13,497 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €17,920 | €9,036 | -€8,884 | -49.6% |
| Financial debts | 43 | €8,845 | €8,808 | -€37 | -0.4% |
| Credit institutions | 430/8 | €8,845 | €8,808 | -€37 | -0.4% |
| Trade debts | 44 | €749 | €1,123 | +€375 | +50.1% |
| Suppliers | 440/4 | €749 | €1,123 | +€375 | +50.1% |
| Taxes, remuneration and social security | 45 | €6,810 | €4,708 | -€2,102 | -30.9% |
| Taxes | 450/3 | €6,810 | €4,708 | -€2,102 | -30.9% |
| Other amounts payable | 47/48 | €12,444 | €36,588 | +€24,144 | +194.0% |
| Remuneration, social security and pensions | 62 | €2,615 | €2,508 | -€107 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,838 | €21,137 | +€2,299 | +12.2% |
| Other operating charges | 640/8 | €1,361 | €1,935 | +€574 | +42.1% |
| Non-recurring operating charges | 66A | €2,515 | - | -€2,515 | |
| Gross operating margin | 9900 | €55,092 | €47,815 | -€7,276 | -13.2% |
| Operating profit (loss) | 9901 | €29,762 | €22,235 | -€7,527 | -25.3% |
| Financial income | 75/76B | €68 | €127 | +€59 | +87.3% |
| Recurring financial income | 75 | €68 | €127 | +€59 | +87.3% |
| Financial charges | 65/66B | €2,003 | €1,636 | -€367 | -18.3% |
| Recurring financial charges | 65 | €2,003 | €1,636 | -€367 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €27,827 | €20,726 | -€7,101 | -25.5% |
| Income taxes | 67/77 | €7,164 | €5,711 | -€1,452 | -20.3% |
| Profit (loss) for the period | 9904 | €20,663 | €15,015 | -€5,648 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,663 | €15,015 | -€5,648 | -27.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.