FERART: 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.
FERART
Largest movements
- Cash -€10,833
down €10,833 (-19.7%), from €55,089 to €44,256
mainly Receivables within one year (-€7,686) and Net result for the year (-€6,018)
- Tangible fixed assets -€8,956
down €8,956 (-22.2%), from €40,266 to €31,311
of which Furniture and vehicles: -€8,000
- Receivables within one year +€7,686
up €7,686 (+105%), from €7,289 to €14,974
of which Trade receivables: +€4,996
- Profit (loss) carried forward -€6,018
down €6,018, from €0 to -€6,018
- Trade debts -€5,783
down €5,783 (-76.0%), from €7,607 to €1,824
- Other debts +€2,234
up €2,234 (+8.7%), from €25,640 to €27,874
- Accrued charges and deferred income -€1,525
down €1,525 (-93.9%), from €1,624 to €99
- Tax, wage and social debts -€1,115
down €1,115 (-34.9%), from €3,198 to €2,083
- Gross operating margin -€43,156
down €43,156 (-81.6%), from €52,879 to €9,723
- Taxes -€10,652
down €10,652 (-97.8%), from €10,887 to €235
- Depreciation +€5,224
up €5,224 (+140%), from €3,732 to €8,956
- Financial charges -€1,381
down €1,381 (-26.7%), from €5,172 to €3,791
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 | €107,721 | €95,553 | -€12,167 | -11.3% |
| Fixed assets | 21/28 | €40,340 | €31,385 | -€8,956 | -22.2% |
| Tangible fixed assets | 22/27 | €40,266 | €31,311 | -€8,956 | -22.2% |
| Plant, machinery and equipment | 23 | €1,677 | €1,063 | -€614 | -36.6% |
| Furniture and vehicles | 24 | €37,224 | €29,224 | -€8,000 | -21.5% |
| Other tangible fixed assets | 26 | €1,366 | €1,024 | -€341 | -25.0% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €67,380 | €64,169 | -€3,212 | -4.8% |
| Stocks and contracts in progress | 3 | €3,324 | €3,086 | -€238 | -7.2% |
| Stocks | 30/36 | €3,324 | €3,086 | -€238 | -7.2% |
| Amounts receivable within one year | 40/41 | €7,289 | €14,974 | +€7,686 | +105% |
| Trade receivables | 40 | €3,168 | €8,164 | +€4,996 | +158% |
| Other amounts receivable | 41 | €4,121 | €6,811 | +€2,690 | +65.3% |
| Cash at bank and in hand | 54/58 | €55,089 | €44,256 | -€10,833 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,679 | €1,853 | +€174 | +10.4% |
| Total equity and liabilities | 10/49 | €107,721 | €95,553 | -€12,167 | -11.3% |
| Equity | 10/15 | €69,651 | €62,673 | -€6,978 | -10.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,059 | €50,099 | -€960 | -1.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,223 | €6,223 | = | 0.0% |
| Distributable reserves | 133 | €42,977 | €42,017 | -€960 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | -€6,018 | -€6,018 | |
| Amounts payable | 17/49 | €38,070 | €32,880 | -€5,189 | -13.6% |
| Amounts payable within one year | 42/48 | €36,445 | €32,781 | -€3,664 | -10.1% |
| Trade debts | 44 | €7,607 | €1,824 | -€5,783 | -76.0% |
| Suppliers | 440/4 | €7,607 | €1,824 | -€5,783 | -76.0% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €3,198 | €2,083 | -€1,115 | -34.9% |
| Taxes | 450/3 | €3,198 | €2,083 | -€1,115 | -34.9% |
| Other amounts payable | 47/48 | €25,640 | €27,874 | +€2,234 | +8.7% |
| Accrued charges and deferred income | 492/3 | €1,624 | €99 | -€1,525 | -93.9% |
| Non-recurring operating income | 76A | €26,000 | €0 | -€26,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,732 | €8,956 | +€5,224 | +140% |
| Other operating charges | 640/8 | €2,787 | €2,761 | -€26 | -0.9% |
| Gross operating margin | 9900 | €52,879 | €9,723 | -€43,156 | -81.6% |
| Operating profit (loss) | 9901 | €46,361 | -€1,993 | -€48,354 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +10,700% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +10,700% |
| Financial charges | 65/66B | €5,172 | €3,791 | -€1,381 | -26.7% |
| Recurring financial charges | 65 | €5,172 | €3,791 | -€1,381 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €41,188 | -€5,784 | -€46,972 | |
| Income taxes | 67/77 | €10,887 | €235 | -€10,652 | -97.8% |
| Profit (loss) for the period | 9904 | €30,302 | -€6,018 | -€36,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,302 | -€6,018 | -€36,320 |
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 14 October 2026 via checked.be.