FEREMANS & PARTNERS: what changed
What changed
FEREMANS & PARTNERS
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€15,504
2024 · €20,117-€4,613
Equity
€64,063
2024 · €62,961+€1,101
Cash
€74,164
2024 · €63,292+€10,872
Balance sheet total
€123,751
2024 · €123,806-€55
Largest movements
Assets
- Cash +€10,872
up €10,872 (+17.2%), from €63,292 to €74,164
mainly Net result for the year (+€15,504) and Trade debts (+€13,097)
- Receivables within one year -€6,953
down €6,953 (-18.3%), from €37,964 to €31,011
of which Other amounts receivable: -€10,818
- Deferred charges and accrued income -€2,511
down €2,511 (-32.2%), from €7,799 to €5,288
Equity and liabilities
- Tax, wage and social debts -€13,975
down €13,975 (-95.3%), from €14,660 to €685
of which Taxes: -€13,975
- Trade debts +€13,097
up €13,097 (+109%), from €11,996 to €25,093
Income statement
- Gross operating margin -€6,266
down €6,266 (-16.3%), from €38,384 to €32,118
- Other operating charges +€2,837
up €2,837 (+2,336%), from €121 to €2,958
- Financial charges -€2,135
down €2,135 (-67.6%), from €3,158 to €1,023
- Taxes -€1,826
down €1,826 (-18.9%), from €9,657 to €7,831
- Depreciation +€840
up €840 (+18.5%), from €4,549 to €5,389
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,117
Gross operating margin
-€6,266
Depreciation
-€840
Other operating charges
-€2,837
Other operating items
+€2,052
Financial income
-€684
Financial charges
+€2,135
Taxes
+€1,826
Result 2025
€15,504
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,198
Investment
-€3,926
Financing
-€15,401
Cash 2024
€63,292
From operations (derived)
+€30,198
Net result for the year
+€15,504
Depreciation
+€5,389
Receivables within one year
+€6,953
Deferred charges and accrued income
+€2,511
Trade debts
+€13,097
Tax, wage and social debts
-€13,975
Other debts
+€720
Investment (derived)
-€3,926
Investment in fixed assets (net)
-€3,926
Financing
-€15,401
Current portion of long-term debt
-€999
Contributions, distributions and other
-€14,402
Cash 2025
€74,164
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,806 | €123,751 | -€55 | 0.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,751 | €13,288 | -€1,463 | -9.9% |
| Tangible fixed assets | 22/27 | €10,751 | €10,188 | -€563 | -5.2% |
| Land and buildings | 22 | €3,527 | €2,478 | -€1,049 | -29.7% |
| Plant, machinery and equipment | 23 | €172 | €90 | -€82 | -47.8% |
| Furniture and vehicles | 24 | €7,051 | €7,620 | +€569 | +8.1% |
| Financial fixed assets | 28 | €4,000 | €3,100 | -€900 | -22.5% |
| Current assets | 29/58 | €109,055 | €110,463 | +€1,407 | +1.3% |
| Amounts receivable within one year | 40/41 | €37,964 | €31,011 | -€6,953 | -18.3% |
| Trade receivables | 40 | €18,625 | €22,490 | +€3,865 | +20.8% |
| Other amounts receivable | 41 | €19,339 | €8,521 | -€10,818 | -55.9% |
| Cash at bank and in hand | 54/58 | €63,292 | €74,164 | +€10,872 | +17.2% |
| Deferred charges and accrued income | 490/1 | €7,799 | €5,288 | -€2,511 | -32.2% |
| Total equity and liabilities | 10/49 | €123,806 | €123,751 | -€55 | 0.0% |
| Equity | 10/15 | €62,961 | €64,063 | +€1,101 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,454 | €43,555 | +€1,101 | +2.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,935 | €11,935 | = | 0.0% |
| Distributable reserves | 133 | €28,519 | €29,621 | +€1,101 | +3.9% |
| Profit (loss) carried forward | 14 | €507 | €507 | = | 0.0% |
| Amounts payable | 17/49 | €60,845 | €59,688 | -€1,157 | -1.9% |
| Amounts payable after more than one year | 17 | €28,191 | €28,191 | = | 0.0% |
| Financial debts | 170/4 | €28,191 | €28,191 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,654 | €31,498 | -€1,157 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €5,999 | €5,000 | -€999 | -16.6% |
| Trade debts | 44 | €11,996 | €25,093 | +€13,097 | +109% |
| Suppliers | 440/4 | €11,996 | €25,093 | +€13,097 | +109% |
| Taxes, remuneration and social security | 45 | €14,660 | €685 | -€13,975 | -95.3% |
| Taxes | 450/3 | €14,660 | €685 | -€13,975 | -95.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | - | €720 | +€720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,549 | €5,389 | +€840 | +18.5% |
| Other operating charges | 640/8 | €121 | €2,958 | +€2,837 | +2,336% |
| Non-recurring operating charges | 66A | €2,052 | - | -€2,052 | |
| Gross operating margin | 9900 | €38,384 | €32,118 | -€6,266 | -16.3% |
| Operating profit (loss) | 9901 | €31,662 | €23,771 | -€7,891 | -24.9% |
| Financial income | 75/76B | €1,270 | €586 | -€684 | -53.9% |
| Recurring financial income | 75 | €1,270 | €586 | -€684 | -53.9% |
| Financial charges | 65/66B | €3,158 | €1,023 | -€2,135 | -67.6% |
| Recurring financial charges | 65 | €3,158 | €1,023 | -€2,135 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €29,774 | €23,334 | -€6,440 | -21.6% |
| Income taxes | 67/77 | €9,657 | €7,831 | -€1,826 | -18.9% |
| Profit (loss) for the period | 9904 | €20,117 | €15,504 | -€4,613 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,117 | €15,504 | -€4,613 | -22.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.