FEREFIN: 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.
FEREFIN
Largest movements
- Current investments +€1.2m
up €1.2m (+27.1%), from €4.4m to €5.6m
- Cash -€957,767
down €957,767 (-91.6%), from €1.0m to €87,347
mainly Current investments (-€1.2m) and Investment in fixed assets (net) (-€51,516)
- Profit (loss) carried forward +€256,487
up €256,487 (+3.6%), from €7.1m to €7.3m
- Financial income -€223,670
down €223,670 (-35.6%), from €629,112 to €405,442
- Gross operating margin -€26,748
down €26,748 (-89.1%), from €30,007 to €3,259
- Depreciation +€8,403
up €8,403 (+30.4%), from €27,656 to €36,059
- Taxes -€7,500
down €7,500 (-50.0%), from €15,000 to €7,500
- Financial charges +€5,072
up €5,072 (+22.1%), from €22,952 to €28,024
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 | €13,485,410 | €13,716,157 | +€230,747 | +1.7% |
| Fixed assets | 21/28 | €7,957,837 | €7,973,293 | +€15,457 | +0.2% |
| Tangible fixed assets | 22/27 | €1,186,661 | €1,202,118 | +€15,457 | +1.3% |
| Land and buildings | 22 | €1,186,661 | €1,202,118 | +€15,457 | +1.3% |
| Financial fixed assets | 28 | €6,771,176 | €6,771,176 | = | 0.0% |
| Current assets | 29/58 | €5,527,574 | €5,742,864 | +€215,290 | +3.9% |
| Amounts receivable within one year | 40/41 | €47,408 | €17,002 | -€30,406 | -64.1% |
| Trade receivables | 40 | €4,257 | - | -€4,257 | |
| Other amounts receivable | 41 | €43,150 | €17,002 | -€26,148 | -60.6% |
| Current investments | 50/53 | €4,435,052 | €5,638,515 | +€1.2m | +27.1% |
| Cash at bank and in hand | 54/58 | €1,045,114 | €87,347 | -€957,767 | -91.6% |
| Total equity and liabilities | 10/49 | €13,485,410 | €13,716,157 | +€230,747 | +1.7% |
| Equity | 10/15 | €13,369,920 | €13,651,407 | +€281,487 | +2.1% |
| Contributions | 10/11 | €6,044,183 | €6,044,183 | = | 0.0% |
| Reserves | 13 | €274,172 | €299,172 | +€25,000 | +9.1% |
| Distributable reserves | 133 | €274,172 | €299,172 | +€25,000 | +9.1% |
| Profit (loss) carried forward | 14 | €7,051,565 | €7,308,052 | +€256,487 | +3.6% |
| Amounts payable | 17/49 | €115,490 | €64,750 | -€50,740 | -43.9% |
| Amounts payable within one year | 42/48 | €115,490 | €64,750 | -€50,740 | -43.9% |
| Trade debts | 44 | €20,490 | €6,809 | -€13,681 | -66.8% |
| Suppliers | 440/4 | €20,490 | €6,809 | -€13,681 | -66.8% |
| Taxes, remuneration and social security | 45 | €15,000 | €7,500 | -€7,500 | -50.0% |
| Taxes | 450/3 | €15,000 | €7,500 | -€7,500 | -50.0% |
| Other amounts payable | 47/48 | €80,000 | €50,441 | -€29,559 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,656 | €36,059 | +€8,403 | +30.4% |
| Other operating charges | 640/8 | €5,410 | €5,631 | +€221 | +4.1% |
| Gross operating margin | 9900 | €30,007 | €3,259 | -€26,748 | -89.1% |
| Operating profit (loss) | 9901 | -€3,059 | -€38,431 | -€35,372 | -1156.4% |
| Financial income | 75/76B | €629,112 | €405,442 | -€223,670 | -35.6% |
| Recurring financial income | 75 | €629,112 | €405,442 | -€223,670 | -35.6% |
| Financial charges | 65/66B | €22,952 | €28,024 | +€5,072 | +22.1% |
| Recurring financial charges | 65 | €22,952 | €28,024 | +€5,072 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €603,102 | €338,987 | -€264,114 | -43.8% |
| Income taxes | 67/77 | €15,000 | €7,500 | -€7,500 | -50.0% |
| Profit (loss) for the period | 9904 | €588,102 | €331,487 | -€256,614 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €588,102 | €331,487 | -€256,614 | -43.6% |
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.