FERALIS: what changed
FERALIS
Largest movements
- Tangible fixed assets -€8,555
down €8,555 (-10.5%), from €81,127 to €72,573
of which Other tangible fixed assets: -€6,085
- Cash +€6,622
up €6,622 (+93.6%), from €7,074 to €13,697
mainly Other debts (+€28,977) and Depreciation (+€8,555)
- Financial fixed assets +€4,843
new in 2025: €4,843
- Receivables within one year +€2,344
up €2,344 (+86.3%), from €2,716 to €5,060
of which Trade receivables: +€2,109
- Other debts +€28,977
up €28,977 (+93.3%), from €31,064 to €60,042
- Tax, wage and social debts -€13,337
down €13,337 (-63.1%), from €21,131 to €7,794
of which Taxes: -€9,385
- Debts after one year -€11,184
down €11,184 (-16.2%), from €68,942 to €57,758
- Profit (loss) carried forward -€9,820
down €9,820 (-17.5%), from -€56,160 to -€65,980
- Current portion of long-term debt +€6,462
up €6,462 (+60.3%), from €10,722 to €17,184
- Gross operating margin +€51,801
up €51,801, from -€36,074 to €15,726
- Depreciation +€6,380
up €6,380 (+293%), from €2,174 to €8,555
- Staff costs -€3,390
down €3,390 (-32.6%), from €10,407 to €7,017
- Other operating charges +€1,142
up €1,142 (+75.2%), from €1,519 to €2,662
- Financial charges +€762
up €762 (+12.1%), from €6,288 to €7,050
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 | €101,016 | €106,994 | +€5,978 | +5.9% |
| Fixed assets | 21/28 | €81,127 | €77,415 | -€3,712 | -4.6% |
| Tangible fixed assets | 22/27 | €81,127 | €72,573 | -€8,555 | -10.5% |
| Plant, machinery and equipment | 23 | €19,954 | €17,933 | -€2,021 | -10.1% |
| Furniture and vehicles | 24 | €2,019 | €1,570 | -€449 | -22.2% |
| Other tangible fixed assets | 26 | €59,154 | €53,070 | -€6,085 | -10.3% |
| Financial fixed assets | 28 | - | €4,843 | +€4,843 | |
| Current assets | 29/58 | €19,889 | €29,579 | +€9,691 | +48.7% |
| Stocks and contracts in progress | 3 | €8,900 | €9,831 | +€931 | +10.5% |
| Stocks | 30/36 | €8,900 | €9,831 | +€931 | +10.5% |
| Amounts receivable within one year | 40/41 | €2,716 | €5,060 | +€2,344 | +86.3% |
| Trade receivables | 40 | €2,716 | €4,825 | +€2,109 | +77.6% |
| Other amounts receivable | 41 | - | €236 | +€236 | |
| Cash at bank and in hand | 54/58 | €7,074 | €13,697 | +€6,622 | +93.6% |
| Deferred charges and accrued income | 490/1 | €1,198 | €991 | -€207 | -17.3% |
| Total equity and liabilities | 10/49 | €101,016 | €106,994 | +€5,978 | +5.9% |
| Equity | 10/15 | -€33,697 | -€43,517 | -€9,820 | -29.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,463 | €17,463 | = | 0.0% |
| Distributable reserves | 133 | €17,463 | €17,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,160 | -€65,980 | -€9,820 | -17.5% |
| Amounts payable | 17/49 | €134,713 | €150,511 | +€15,798 | +11.7% |
| Amounts payable after more than one year | 17 | €68,942 | €57,758 | -€11,184 | -16.2% |
| Financial debts | 170/4 | €68,942 | €57,758 | -€11,184 | -16.2% |
| Amounts payable within one year | 42/48 | €65,771 | €92,754 | +€26,983 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €10,722 | €17,184 | +€6,462 | +60.3% |
| Trade debts | 44 | €2,853 | €7,733 | +€4,880 | +171% |
| Suppliers | 440/4 | €2,853 | €7,733 | +€4,880 | +171% |
| Taxes, remuneration and social security | 45 | €21,131 | €7,794 | -€13,337 | -63.1% |
| Taxes | 450/3 | €16,650 | €7,265 | -€9,385 | -56.4% |
| Remuneration and social security | 454/9 | €4,481 | €530 | -€3,951 | -88.2% |
| Other amounts payable | 47/48 | €31,064 | €60,042 | +€28,977 | +93.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €10,407 | €7,017 | -€3,390 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,174 | €8,555 | +€6,380 | +293% |
| Other operating charges | 640/8 | €1,519 | €2,662 | +€1,142 | +75.2% |
| Gross operating margin | 9900 | -€36,074 | €15,726 | +€51,801 | |
| Operating profit (loss) | 9901 | -€50,175 | -€2,507 | +€47,668 | +95.0% |
| Financial income | 75/76B | €538 | €19 | -€519 | -96.4% |
| Recurring financial income | 75 | €538 | €19 | -€519 | -96.4% |
| Financial charges | 65/66B | €6,288 | €7,050 | +€762 | +12.1% |
| Recurring financial charges | 65 | €6,288 | €7,050 | +€762 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,925 | -€9,538 | +€46,386 | +82.9% |
| Income taxes | 67/77 | €236 | €282 | +€46 | +19.5% |
| Profit (loss) for the period | 9904 | -€56,160 | -€9,820 | +€46,340 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,160 | -€9,820 | +€46,340 | +82.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.