FEREMANS SRL: 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.
FEREMANS SRL
Largest movements
- Tangible fixed assets -€106,642
down €106,642 (-33.9%), from €314,325 to €207,683
of which Leasing and similar rights: -€69,595
- Receivables within one year +€29,619
up €29,619 (+14.1%), from €210,014 to €239,633
of which Trade receivables: +€26,848
- Cash -€14,817
down €14,817 (-30.4%), from €48,759 to €33,942
mainly Debts after one year (-€111,744) and Receivables within one year (-€29,619)
- Debts after one year -€111,744
down €111,744 (-53.9%), from €207,277 to €95,533
- Reserves +€22,886
up €22,886 (+32.9%), from €69,620 to €92,506
- Current portion of long-term debt +€19,116
up €19,116 (+17.3%), from €110,717 to €129,833
- Trade debts -€15,267
down €15,267 (-26.9%), from €56,763 to €41,496
- Other operating charges -€50,625
down €50,625 (-86.9%), from €58,265 to €7,640
- Gross operating margin -€48,946
down €48,946 (-5.7%), from €853,997 to €805,051
- Depreciation -€23,898
down €23,898 (-18.1%), from €132,200 to €108,302
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.
Derived cash bridge
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 | €609,484 | €523,199 | -€86,285 | -14.2% |
| Fixed assets | 21/28 | €343,734 | €243,028 | -€100,706 | -29.3% |
| Tangible fixed assets | 22/27 | €314,325 | €207,683 | -€106,642 | -33.9% |
| Plant, machinery and equipment | 23 | €4,217 | €3,377 | -€840 | -19.9% |
| Furniture and vehicles | 24 | €64,922 | €28,715 | -€36,207 | -55.8% |
| Leasing and similar rights | 25 | €245,185 | €175,590 | -€69,595 | -28.4% |
| Financial fixed assets | 28 | €29,410 | €35,346 | +€5,936 | +20.2% |
| Current assets | 29/58 | €265,749 | €280,170 | +€14,421 | +5.4% |
| Amounts receivable within one year | 40/41 | €210,014 | €239,633 | +€29,619 | +14.1% |
| Trade receivables | 40 | €201,556 | €228,404 | +€26,848 | +13.3% |
| Other amounts receivable | 41 | €8,458 | €11,229 | +€2,771 | +32.8% |
| Cash at bank and in hand | 54/58 | €48,759 | €33,942 | -€14,817 | -30.4% |
| Deferred charges and accrued income | 490/1 | €6,977 | €6,596 | -€381 | -5.5% |
| Total equity and liabilities | 10/49 | €609,484 | €523,199 | -€86,285 | -14.2% |
| Equity | 10/15 | €79,620 | €102,506 | +€22,886 | +28.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €69,620 | €92,506 | +€22,886 | +32.9% |
| Distributable reserves | 133 | €69,620 | €92,506 | +€22,886 | +32.9% |
| Amounts payable | 17/49 | €529,864 | €420,693 | -€109,171 | -20.6% |
| Amounts payable after more than one year | 17 | €207,277 | €95,533 | -€111,744 | -53.9% |
| Financial debts | 170/4 | €207,277 | €95,533 | -€111,744 | -53.9% |
| Amounts payable within one year | 42/48 | €322,588 | €325,160 | +€2,572 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €110,717 | €129,833 | +€19,116 | +17.3% |
| Trade debts | 44 | €56,763 | €41,496 | -€15,267 | -26.9% |
| Suppliers | 440/4 | €56,763 | €41,496 | -€15,267 | -26.9% |
| Advances received on contracts in progress | 46 | €2,450 | - | -€2,450 | |
| Taxes, remuneration and social security | 45 | €100,876 | €102,000 | +€1,124 | +1.1% |
| Taxes | 450/3 | €31,177 | €24,476 | -€6,701 | -21.5% |
| Remuneration and social security | 454/9 | €69,699 | €77,524 | +€7,825 | +11.2% |
| Other amounts payable | 47/48 | €51,781 | €51,831 | +€49 | +0.1% |
| Remuneration, social security and pensions | 62 | €638,610 | €637,927 | -€682 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,200 | €108,302 | -€23,898 | -18.1% |
| Other operating charges | 640/8 | €58,265 | €7,640 | -€50,625 | -86.9% |
| Gross operating margin | 9900 | €853,997 | €805,051 | -€48,946 | -5.7% |
| Operating profit (loss) | 9901 | €24,922 | €51,183 | +€26,260 | +105% |
| Financial income | 75/76B | €305 | €0 | -€305 | -99.9% |
| Recurring financial income | 75 | €305 | €0 | -€305 | -99.9% |
| Financial charges | 65/66B | €21,000 | €13,843 | -€7,157 | -34.1% |
| Recurring financial charges | 65 | €21,000 | €13,843 | -€7,157 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €4,227 | €37,340 | +€33,113 | +783% |
| Income taxes | 67/77 | €6,931 | €14,454 | +€7,522 | +109% |
| Profit (loss) for the period | 9904 | -€2,704 | €22,886 | +€25,590 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,704 | €22,886 | +€25,590 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.