FERAGRI: 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.
FERAGRI
Largest movements
- Tangible fixed assets +€484,363
up €484,363 (+512.0%), from €94,594 to €578,957
- Cash -€66,858
down €66,858 (-67.2%), from €99,504 to €32,646
mainly Investment in fixed assets (net) (-€553,500) and Other debts (-€105,800)
- Receivables within one year +€24,962
up €24,962 (+13.7%), from €182,342 to €207,304
of which Trade receivables: +€105,565
- Debts after one year +€290,510
up €290,510 (+484.2%), from €60,000 to €350,510
- Reserves +€167,039
up €167,039 (+3213.0%), from €5,199 to €172,238
of which Distributable reserves: +€134,250
- Other debts -€105,800
down €105,800 (-67.9%), from €155,800 to €50,000
- Tax, wage and social debts +€47,092
up €47,092 (+85.2%), from €55,249 to €102,341
- Current portion of long-term debt +€42,157
up €42,157 (+120.4%), from €35,000 to €77,157
- Turnover -€406,791
no longer reported in 2025 (was €406,791)
- Purchases and services -€178,233
no longer reported in 2025 (was €178,233)
- Gross operating margin +€119,372
up €119,372 (+52.2%), from €228,558 to €347,930
- Depreciation +€45,708
up €45,708 (+195.1%), from €23,429 to €69,137
- Taxes -€8,157
down €8,157 (-14.8%), from €55,249 to €47,092
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 | €376,771 | €822,242 | +€445,471 | +118.2% |
| Fixed assets | 21/28 | €94,594 | €578,957 | +€484,363 | +512.0% |
| Tangible fixed assets | 22/27 | €94,594 | €578,957 | +€484,363 | +512.0% |
| Plant, machinery and equipment | 23 | €94,594 | €578,957 | +€484,363 | +512.0% |
| Current assets | 29/58 | €282,177 | €243,285 | -€38,892 | -13.8% |
| Amounts receivable within one year | 40/41 | €182,342 | €207,304 | +€24,962 | +13.7% |
| Trade receivables | 40 | €4,029 | €109,594 | +€105,565 | +2620.2% |
| Other amounts receivable | 41 | €178,313 | €97,710 | -€80,603 | -45.2% |
| Cash at bank and in hand | 54/58 | €99,504 | €32,646 | -€66,858 | -67.2% |
| Deferred charges and accrued income | 490/1 | €331 | €3,335 | +€3,004 | +906.8% |
| Total equity and liabilities | 10/49 | €376,771 | €822,242 | +€445,471 | +118.2% |
| Equity | 10/15 | €11,399 | €178,438 | +€167,039 | +1465.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,199 | €172,238 | +€167,039 | +3213.0% |
| Tax-exempt reserves | 132 | - | €32,788 | +€32,788 | |
| Distributable reserves | 133 | €5,199 | €139,449 | +€134,250 | +2582.3% |
| Provisions and deferred taxes | 16 | - | €10,929 | +€10,929 | |
| Deferred taxes | 168 | - | €10,929 | +€10,929 | |
| Amounts payable | 17/49 | €365,372 | €632,875 | +€267,503 | +73.2% |
| Amounts payable after more than one year | 17 | €60,000 | €350,510 | +€290,510 | +484.2% |
| Financial debts | 170/4 | €60,000 | €350,510 | +€290,510 | +484.2% |
| Amounts payable within one year | 42/48 | €305,372 | €282,365 | -€23,007 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €77,157 | +€42,157 | +120.4% |
| Trade debts | 44 | €59,323 | €52,867 | -€6,456 | -10.9% |
| Suppliers | 440/4 | €59,323 | €52,867 | -€6,456 | -10.9% |
| Taxes, remuneration and social security | 45 | €55,249 | €102,341 | +€47,092 | +85.2% |
| Taxes | 450/3 | €55,249 | €102,341 | +€47,092 | +85.2% |
| Other amounts payable | 47/48 | €155,800 | €50,000 | -€105,800 | -67.9% |
| Turnover | 70 | €406,791 | - | -€406,791 | |
| Goods, raw materials, services and sundry goods | 60/61 | €178,233 | - | -€178,233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,429 | €69,137 | +€45,708 | +195.1% |
| Gross operating margin | 9900 | €228,558 | €347,930 | +€119,372 | +52.2% |
| Operating profit (loss) | 9901 | €205,129 | €278,793 | +€73,664 | +35.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,471 | €3,732 | +€1,261 | +51.0% |
| Recurring financial charges | 65 | €2,471 | €3,732 | +€1,261 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €202,658 | €275,060 | +€72,402 | +35.7% |
| Transfer from deferred taxes | 780 | - | €321 | +€321 | |
| Transfer to deferred taxes | 680 | - | €11,250 | +€11,250 | |
| Income taxes | 67/77 | €55,249 | €47,092 | -€8,157 | -14.8% |
| Profit (loss) for the period | 9904 | €147,409 | €217,039 | +€69,630 | +47.2% |
| Transfer from tax-exempt reserves | 789 | - | €962 | +€962 | |
| Transfer to tax-exempt reserves | 689 | - | €33,750 | +€33,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,409 | €184,250 | +€36,841 | +25.0% |
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 8 October 2026 via checked.be.