FERASS: 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.
FERASS
Largest movements
- Receivables within one year +€11,757
up €11,757 (+21.3%), from €55,272 to €67,028
of which Trade receivables: +€19,165
- Cash -€6,848
down €6,848 (-94.6%), from €7,237 to €389
mainly Net result for the year (-€19,959) and Receivables within one year (-€11,757)
- Tangible fixed assets +€2,501
up €2,501 (+306.9%), from €815 to €3,316
- Deferred charges and accrued income -€1,279
no longer reported in 2025 (was €1,279)
- Profit (loss) carried forward -€19,959
down €19,959, from €5,299 to -€14,660
- Trade debts +€17,277
up €17,277 (+41.9%), from €41,229 to €58,506
- Other debts +€6,613
up €6,613 (+77.8%), from €8,500 to €15,113
- Tax, wage and social debts +€2,199
new in 2025: €2,199
- Gross operating margin -€9,517
down €9,517 (-389.1%), from -€2,446 to -€11,963
- Depreciation +€1,092
up €1,092 (+267.9%), from €407 to €1,499
- Other operating charges +€1,016
up €1,016 (+20.7%), from €4,906 to €5,922
- Staff costs +€410
new in 2025: €410
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 | €73,892 | €80,023 | +€6,131 | +8.3% |
| Fixed assets | 21/28 | €10,105 | €12,606 | +€2,501 | +24.7% |
| Tangible fixed assets | 22/27 | €815 | €3,316 | +€2,501 | +306.9% |
| Furniture and vehicles | 24 | €815 | €3,316 | +€2,501 | +306.9% |
| Financial fixed assets | 28 | €9,290 | €9,290 | = | 0.0% |
| Current assets | 29/58 | €63,787 | €67,417 | +€3,630 | +5.7% |
| Amounts receivable within one year | 40/41 | €55,272 | €67,028 | +€11,757 | +21.3% |
| Trade receivables | 40 | €47,864 | €67,028 | +€19,165 | +40.0% |
| Other amounts receivable | 41 | €7,408 | - | -€7,408 | |
| Cash at bank and in hand | 54/58 | €7,237 | €389 | -€6,848 | -94.6% |
| Deferred charges and accrued income | 490/1 | €1,279 | - | -€1,279 | |
| Total equity and liabilities | 10/49 | €73,892 | €80,023 | +€6,131 | +8.3% |
| Equity | 10/15 | €24,163 | €4,204 | -€19,959 | -82.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264 | €264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €264 | €264 | = | 0.0% |
| Reserves not available under the articles | 1311 | €264 | €264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,299 | -€14,660 | -€19,959 | |
| Amounts payable | 17/49 | €49,729 | €75,819 | +€26,090 | +52.5% |
| Amounts payable within one year | 42/48 | €49,729 | €75,819 | +€26,090 | +52.5% |
| Trade debts | 44 | €41,229 | €58,506 | +€17,277 | +41.9% |
| Suppliers | 440/4 | €41,229 | €58,506 | +€17,277 | +41.9% |
| Taxes, remuneration and social security | 45 | - | €2,199 | +€2,199 | |
| Taxes | 450/3 | - | €2,199 | +€2,199 | |
| Other amounts payable | 47/48 | €8,500 | €15,113 | +€6,613 | +77.8% |
| Remuneration, social security and pensions | 62 | - | €410 | +€410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €1,499 | +€1,092 | +267.9% |
| Other operating charges | 640/8 | €4,906 | €5,922 | +€1,016 | +20.7% |
| Gross operating margin | 9900 | -€2,446 | -€11,963 | -€9,517 | -389.1% |
| Operating profit (loss) | 9901 | -€7,760 | -€19,794 | -€12,035 | -155.1% |
| Financial charges | 65/66B | €132 | €165 | +€32 | +24.4% |
| Recurring financial charges | 65 | €132 | €165 | +€32 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,892 | -€19,959 | -€12,067 | -152.9% |
| Profit (loss) for the period | 9904 | -€7,892 | -€19,959 | -€12,067 | -152.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,892 | -€19,959 | -€12,067 | -152.9% |
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 29 September 2026 via checked.be.