FERACON: 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.
FERACON
Largest movements
- Receivables within one year +€35,705
up €35,705 (+726%), from €4,916 to €40,621
of which Trade receivables: +€36,021
- Tangible fixed assets -€2,805
down €2,805 (-23.7%), from €11,818 to €9,013
- Profit (loss) carried forward +€27,361
up €27,361 (+97.5%), from €28,062 to €55,423
- Other debts +€6,109
up €6,109 (+75.9%), from €8,044 to €14,154
- Trade debts -€2,972
down €2,972 (-23.7%), from €12,539 to €9,567
- Advances received +€1,590
new in 2025: €1,590
- Gross operating margin +€4,844
up €4,844 (+16.9%), from €28,677 to €33,522
- Taxes -€4,222
no longer reported in 2025 (was €4,222)
- Staff costs -€2,388
down €2,388 (-91.2%), from €2,618 to €230
- Other operating charges -€1,932
down €1,932 (-51.9%), from €3,720 to €1,788
- Depreciation +€355
up €355 (+10.1%), from €3,525 to €3,880
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 | €54,866 | €87,807 | +€32,942 | +60.0% |
| Fixed assets | 21/28 | €11,818 | €9,013 | -€2,805 | -23.7% |
| Tangible fixed assets | 22/27 | €11,818 | €9,013 | -€2,805 | -23.7% |
| Furniture and vehicles | 24 | €11,818 | €9,013 | -€2,805 | -23.7% |
| Current assets | 29/58 | €43,048 | €78,795 | +€35,747 | +83.0% |
| Stocks and contracts in progress | 3 | €1,375 | €1,025 | -€350 | -25.5% |
| Stocks | 30/36 | €1,375 | €1,025 | -€350 | -25.5% |
| Amounts receivable within one year | 40/41 | €4,916 | €40,621 | +€35,705 | +726% |
| Trade receivables | 40 | €4,600 | €40,621 | +€36,021 | +783% |
| Other amounts receivable | 41 | €316 | - | -€316 | |
| Cash at bank and in hand | 54/58 | €36,272 | €36,725 | +€453 | +1.2% |
| Deferred charges and accrued income | 490/1 | €485 | €424 | -€61 | -12.6% |
| Total equity and liabilities | 10/49 | €54,866 | €87,807 | +€32,942 | +60.0% |
| Equity | 10/15 | €30,062 | €57,423 | +€27,361 | +91.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,062 | €55,423 | +€27,361 | +97.5% |
| Amounts payable | 17/49 | €24,804 | €30,384 | +€5,580 | +22.5% |
| Amounts payable within one year | 42/48 | €24,804 | €30,384 | +€5,580 | +22.5% |
| Trade debts | 44 | €12,539 | €9,567 | -€2,972 | -23.7% |
| Suppliers | 440/4 | €12,539 | €9,567 | -€2,972 | -23.7% |
| Advances received on contracts in progress | 46 | - | €1,590 | +€1,590 | |
| Taxes, remuneration and social security | 45 | €4,221 | €5,073 | +€853 | +20.2% |
| Taxes | 450/3 | €4,221 | €5,073 | +€853 | +20.2% |
| Other amounts payable | 47/48 | €8,044 | €14,154 | +€6,109 | +75.9% |
| Remuneration, social security and pensions | 62 | €2,618 | €230 | -€2,388 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,525 | €3,880 | +€355 | +10.1% |
| Other operating charges | 640/8 | €3,720 | €1,788 | -€1,932 | -51.9% |
| Gross operating margin | 9900 | €28,677 | €33,522 | +€4,844 | +16.9% |
| Operating profit (loss) | 9901 | €18,814 | €27,623 | +€8,809 | +46.8% |
| Financial income | 75/76B | €9 | €3 | -€5 | -60.1% |
| Recurring financial income | 75 | €9 | €3 | -€5 | -60.1% |
| Financial charges | 65/66B | €406 | €265 | -€140 | -34.6% |
| Recurring financial charges | 65 | €406 | €265 | -€140 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €18,417 | €27,361 | +€8,944 | +48.6% |
| Income taxes | 67/77 | €4,222 | - | -€4,222 | |
| Profit (loss) for the period | 9904 | €14,195 | €27,361 | +€13,166 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,195 | €27,361 | +€13,166 | +92.7% |
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 15 October 2026 via checked.be.