FERACO: what changed
FERACO
Largest movements
- Receivables within one year +€15,264
up €15,264 (+102%), from €14,981 to €30,245
of which Trade receivables: +€14,587
- Cash +€9,064
up €9,064 (+12.8%), from €70,973 to €80,038
mainly Trade debts (+€17,972) and Net result for the year (+€3,198)
- Tangible fixed assets -€1,819
down €1,819 (-30.9%), from €5,895 to €4,076
of which Plant, machinery and equipment: -€1,685
- Trade debts +€17,972
up €17,972 (+1,595%), from €1,127 to €19,099
- Profit (loss) carried forward +€3,198
up €3,198 (+13.2%), from €24,291 to €27,489
- Other debts +€1,790
up €1,790 (+4.0%), from €44,426 to €46,216
- Gross operating margin -€11,200
down €11,200 (-61.6%), from €18,192 to €6,992
- Depreciation -€866
down €866 (-32.2%), from €2,685 to €1,819
- Taxes -€451
down €451 (-29.2%), from €1,546 to €1,095
- Financial charges +€345
up €345 (+588%), from €59 to €403
- Financial income +€327
up €327 (+272%), from €120 to €447
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,849 | €114,359 | +€22,510 | +24.5% |
| Fixed assets | 21/28 | €5,895 | €4,076 | -€1,819 | -30.9% |
| Tangible fixed assets | 22/27 | €5,895 | €4,076 | -€1,819 | -30.9% |
| Plant, machinery and equipment | 23 | €5,761 | €4,076 | -€1,685 | -29.2% |
| Furniture and vehicles | 24 | €134 | - | -€134 | |
| Current assets | 29/58 | €85,954 | €110,283 | +€24,329 | +28.3% |
| Amounts receivable within one year | 40/41 | €14,981 | €30,245 | +€15,264 | +102% |
| Trade receivables | 40 | €13,900 | €28,487 | +€14,587 | +105% |
| Other amounts receivable | 41 | €1,081 | €1,758 | +€678 | +62.7% |
| Cash at bank and in hand | 54/58 | €70,973 | €80,038 | +€9,064 | +12.8% |
| Total equity and liabilities | 10/49 | €91,849 | €114,359 | +€22,510 | +24.5% |
| Equity | 10/15 | €44,751 | €47,949 | +€3,198 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,291 | €27,489 | +€3,198 | +13.2% |
| Amounts payable | 17/49 | €47,098 | €66,410 | +€19,312 | +41.0% |
| Amounts payable within one year | 42/48 | €47,098 | €66,410 | +€19,312 | +41.0% |
| Trade debts | 44 | €1,127 | €19,099 | +€17,972 | +1,595% |
| Suppliers | 440/4 | €1,127 | €19,099 | +€17,972 | +1,595% |
| Taxes, remuneration and social security | 45 | €1,546 | €1,095 | -€451 | -29.2% |
| Taxes | 450/3 | €1,546 | €1,095 | -€451 | -29.2% |
| Other amounts payable | 47/48 | €44,426 | €46,216 | +€1,790 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,685 | €1,819 | -€866 | -32.2% |
| Other operating charges | 640/8 | €1,115 | €923 | -€192 | -17.2% |
| Gross operating margin | 9900 | €18,192 | €6,992 | -€11,200 | -61.6% |
| Operating profit (loss) | 9901 | €14,392 | €4,249 | -€10,143 | -70.5% |
| Financial income | 75/76B | €120 | €447 | +€327 | +272% |
| Recurring financial income | 75 | €120 | €447 | +€327 | +272% |
| Financial charges | 65/66B | €59 | €403 | +€345 | +588% |
| Recurring financial charges | 65 | €59 | €403 | +€345 | +588% |
| Profit (loss) for the period before taxes | 9903 | €14,453 | €4,293 | -€10,160 | -70.3% |
| Income taxes | 67/77 | €1,546 | €1,095 | -€451 | -29.2% |
| Profit (loss) for the period | 9904 | €12,908 | €3,198 | -€9,710 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,908 | €3,198 | -€9,710 | -75.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.