FERBOS: 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.
FERBOS
Largest movements
- Tangible fixed assets -€20,241
down €20,241 (-10.8%), from €186,777 to €166,536
- Cash -€13,544
down €13,544 (-14.7%), from €92,159 to €78,615
mainly Net result for the year (-€23,698) and Contributions, distributions and other (-€10,691)
- Receivables within one year +€5,471
up €5,471 (+30.8%), from €17,754 to €23,225
of which Trade receivables: +€6,681
- Reserves -€34,388
down €34,388 (-12.3%), from €278,529 to €244,141
- Tax, wage and social debts +€5,910
up €5,910, from €0 to €5,910
- Gross operating margin -€8,625
down €8,625 (-61.0%), from €14,135 to €5,510
- Other operating charges +€6,519
up €6,519 (+264.9%), from €2,461 to €8,980
- Financial charges -€149
down €149, from €139 to -€10
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 | €298,658 | €269,185 | -€29,473 | -9.9% |
| Fixed assets | 21/28 | €186,777 | €166,536 | -€20,241 | -10.8% |
| Tangible fixed assets | 22/27 | €186,777 | €166,536 | -€20,241 | -10.8% |
| Land and buildings | 22 | €158,738 | €149,192 | -€9,546 | -6.0% |
| Plant, machinery and equipment | 23 | €8,817 | €5,643 | -€3,174 | -36.0% |
| Furniture and vehicles | 24 | €19,222 | €11,701 | -€7,521 | -39.1% |
| Current assets | 29/58 | €111,881 | €102,649 | -€9,232 | -8.3% |
| Amounts receivable within one year | 40/41 | €17,754 | €23,225 | +€5,471 | +30.8% |
| Trade receivables | 40 | €11,543 | €18,225 | +€6,681 | +57.9% |
| Other amounts receivable | 41 | €6,211 | €5,000 | -€1,211 | -19.5% |
| Cash at bank and in hand | 54/58 | €92,159 | €78,615 | -€13,544 | -14.7% |
| Deferred charges and accrued income | 490/1 | €1,968 | €810 | -€1,158 | -58.9% |
| Total equity and liabilities | 10/49 | €298,658 | €269,185 | -€29,473 | -9.9% |
| Equity | 10/15 | €297,129 | €262,741 | -€34,388 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,529 | €244,141 | -€34,388 | -12.3% |
| Distributable reserves | 133 | €278,529 | €244,141 | -€34,388 | -12.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,529 | €6,444 | +€4,916 | +321.6% |
| Amounts payable within one year | 42/48 | €829 | €6,444 | +€5,616 | +677.7% |
| Trade debts | 44 | €708 | €413 | -€294 | -41.6% |
| Suppliers | 440/4 | €708 | €413 | -€294 | -41.6% |
| Taxes, remuneration and social security | 45 | €0 | €5,910 | +€5,910 | |
| Taxes | 450/3 | €0 | €5,910 | +€5,910 | |
| Other amounts payable | 47/48 | €121 | €121 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €700 | €0 | -€700 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,197 | €20,241 | +€44 | +0.2% |
| Other operating charges | 640/8 | €2,461 | €8,980 | +€6,519 | +264.9% |
| Gross operating margin | 9900 | €14,135 | €5,510 | -€8,625 | -61.0% |
| Operating profit (loss) | 9901 | -€8,522 | -€23,711 | -€15,188 | -178.2% |
| Financial income | 75/76B | €24 | €3 | -€22 | -89.4% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -56.7% |
| Non-recurring financial income | 76B | €18 | €0 | -€18 | -100.0% |
| Financial charges | 65/66B | €139 | -€10 | -€149 | |
| Recurring financial charges | 65 | €139 | -€10 | -€149 | |
| Profit (loss) for the period before taxes | 9903 | -€8,637 | -€23,698 | -€15,061 | -174.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,637 | -€23,698 | -€15,061 | -174.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,637 | -€23,698 | -€15,061 | -174.4% |
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 28 September 2026 via checked.be.