FERCEN: 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.
FERCEN
Largest movements
- Cash -€34,038
down €34,038 (-34.3%), from €99,169 to €65,131
mainly Trade debts (-€43,447) and Debts after one year (-€11,351)
- Receivables within one year -€13,508
down €13,508 (-25.0%), from €54,126 to €40,617
of which Other amounts receivable: -€14,713
- Tangible fixed assets -€6,884
down €6,884 (-30.0%), from €22,962 to €16,078
of which Furniture and vehicles: -€4,165
- Trade debts -€43,447
down €43,447 (-74.3%), from €58,502 to €15,055
- Debts after one year -€11,351
down €11,351 (-56.8%), from €20,000 to €8,649
- Tax, wage and social debts -€3,987
down €3,987 (-18.5%), from €21,494 to €17,507
of which Remuneration and social security: -€2,154
- Current portion of long-term debt +€3,439
up €3,439 (+25.9%), from €13,277 to €16,716
- Gross operating margin -€13,328
down €13,328 (-56.4%), from €23,644 to €10,316
- Taxes -€5,054
down €5,054 (-94.6%), from €5,342 to €288
- Other operating charges -€1,750
down €1,750 (-80.7%), from €2,168 to €417
- Financial income -€694
no longer reported in 2024 (was €694)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,457 | €122,726 | -€54,731 | -30.8% |
| Fixed assets | 21/28 | €24,162 | €16,978 | -€7,184 | -29.7% |
| Intangible fixed assets | 21 | €1,200 | €900 | -€300 | -25.0% |
| Tangible fixed assets | 22/27 | €22,962 | €16,078 | -€6,884 | -30.0% |
| Plant, machinery and equipment | 23 | €6,963 | €5,730 | -€1,234 | -17.7% |
| Furniture and vehicles | 24 | €4,165 | - | -€4,165 | |
| Other tangible fixed assets | 26 | €11,834 | €10,349 | -€1,485 | -12.6% |
| Current assets | 29/58 | €153,295 | €105,748 | -€47,547 | -31.0% |
| Amounts receivable within one year | 40/41 | €54,126 | €40,617 | -€13,508 | -25.0% |
| Trade receivables | 40 | €30,637 | €31,842 | +€1,205 | +3.9% |
| Other amounts receivable | 41 | €23,489 | €8,776 | -€14,713 | -62.6% |
| Cash at bank and in hand | 54/58 | €99,169 | €65,131 | -€34,038 | -34.3% |
| Total equity and liabilities | 10/49 | €177,457 | €122,726 | -€54,731 | -30.8% |
| Equity | 10/15 | €60,754 | €61,369 | +€615 | +1.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €4,264 | €4,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,404 | €2,404 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,740 | €38,356 | +€615 | +1.6% |
| Amounts payable | 17/49 | €116,703 | €61,357 | -€55,346 | -47.4% |
| Amounts payable after more than one year | 17 | €20,000 | €8,649 | -€11,351 | -56.8% |
| Financial debts | 170/4 | €20,000 | €8,649 | -€11,351 | -56.8% |
| Amounts payable within one year | 42/48 | €96,703 | €52,708 | -€43,995 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €13,277 | €16,716 | +€3,439 | +25.9% |
| Trade debts | 44 | €58,502 | €15,055 | -€43,447 | -74.3% |
| Suppliers | 440/4 | €58,502 | €15,055 | -€43,447 | -74.3% |
| Advances received on contracts in progress | 46 | €3,431 | €3,431 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,494 | €17,507 | -€3,987 | -18.5% |
| Taxes | 450/3 | €16,887 | €15,054 | -€1,833 | -10.9% |
| Remuneration and social security | 454/9 | €4,607 | €2,453 | -€2,154 | -46.7% |
| Remuneration, social security and pensions | 62 | €1,833 | €1,719 | -€114 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,177 | €3,019 | -€158 | -5.0% |
| Other operating charges | 640/8 | €2,168 | €417 | -€1,750 | -80.7% |
| Non-recurring operating charges | 66A | - | €1,479 | +€1,479 | |
| Gross operating margin | 9900 | €23,644 | €10,316 | -€13,328 | -56.4% |
| Operating profit (loss) | 9901 | €16,467 | €3,682 | -€12,785 | -77.6% |
| Financial income | 75/76B | €694 | - | -€694 | |
| Recurring financial income | 75 | €694 | - | -€694 | |
| Financial charges | 65/66B | €2,758 | €2,779 | +€22 | +0.8% |
| Recurring financial charges | 65 | €2,758 | €2,779 | +€22 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €14,403 | €903 | -€13,500 | -93.7% |
| Income taxes | 67/77 | €5,342 | €288 | -€5,054 | -94.6% |
| Profit (loss) for the period | 9904 | €9,061 | €615 | -€8,446 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,061 | €615 | -€8,446 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.