FERENTIS: 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.
FERENTIS
Largest movements
- Cash -€16,771
down €16,771 (-20.0%), from €83,952 to €67,180
mainly Contributions, distributions and other (-€59,644) and Investment in fixed assets (net) (-€5,053)
- Receivables within one year -€9,982
down €9,982 (-20.2%), from €49,472 to €39,490
of which Trade receivables: -€12,197
- Tangible fixed assets -€9,796
down €9,796 (-22.4%), from €43,700 to €33,903
of which Furniture and vehicles: -€10,747
- Reserves -€34,950
down €34,950 (-22.5%), from €155,668 to €120,718
- Current portion of long-term debt -€4,759
down €4,759 (-66.5%), from €7,159 to €2,399
- Tax, wage and social debts +€3,633
up €3,633 (+101%), from €3,605 to €7,238
- Debts after one year -€2,399
no longer reported in 2025 (was €2,399)
- Gross operating margin -€24,403
down €24,403 (-30.4%), from €80,193 to €55,790
- Taxes +€3,011
up €3,011 (+40.7%), from €7,396 to €10,408
- Financial charges +€1,357
up €1,357 (+79.6%), from €1,705 to €3,062
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 | €177,473 | €141,124 | -€36,350 | -20.5% |
| Fixed assets | 21/28 | €43,700 | €33,903 | -€9,796 | -22.4% |
| Tangible fixed assets | 22/27 | €43,700 | €33,903 | -€9,796 | -22.4% |
| Land and buildings | 22 | €16,258 | €15,626 | -€633 | -3.9% |
| Plant, machinery and equipment | 23 | €759 | €2,343 | +€1,584 | +209% |
| Furniture and vehicles | 24 | €26,682 | €15,935 | -€10,747 | -40.3% |
| Current assets | 29/58 | €133,774 | €107,220 | -€26,553 | -19.8% |
| Amounts receivable within one year | 40/41 | €49,472 | €39,490 | -€9,982 | -20.2% |
| Trade receivables | 40 | €30,492 | €18,295 | -€12,197 | -40.0% |
| Other amounts receivable | 41 | €18,980 | €21,195 | +€2,215 | +11.7% |
| Cash at bank and in hand | 54/58 | €83,952 | €67,180 | -€16,771 | -20.0% |
| Deferred charges and accrued income | 490/1 | €350 | €550 | +€200 | +57.1% |
| Total equity and liabilities | 10/49 | €177,473 | €141,124 | -€36,350 | -20.5% |
| Equity | 10/15 | €161,868 | €126,918 | -€34,950 | -21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €155,668 | €120,718 | -€34,950 | -22.5% |
| Distributable reserves | 133 | €155,668 | €120,718 | -€34,950 | -22.5% |
| Amounts payable | 17/49 | €15,605 | €14,206 | -€1,400 | -9.0% |
| Amounts payable after more than one year | 17 | €2,399 | - | -€2,399 | |
| Financial debts | 170/4 | €2,399 | - | -€2,399 | |
| Amounts payable within one year | 42/48 | €13,206 | €14,206 | +€999 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €7,159 | €2,399 | -€4,759 | -66.5% |
| Trade debts | 44 | €1,277 | €2,236 | +€960 | +75.2% |
| Suppliers | 440/4 | €1,277 | €2,236 | +€960 | +75.2% |
| Taxes, remuneration and social security | 45 | €3,605 | €7,238 | +€3,633 | +101% |
| Taxes | 450/3 | €3,605 | €7,238 | +€3,633 | +101% |
| Other amounts payable | 47/48 | €1,166 | €2,332 | +€1,166 | +100% |
| Remuneration, social security and pensions | 62 | €1,548 | €1,829 | +€280 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,906 | €14,849 | -€57 | -0.4% |
| Other operating charges | 640/8 | €2,051 | €1,819 | -€232 | -11.3% |
| Gross operating margin | 9900 | €80,193 | €55,790 | -€24,403 | -30.4% |
| Operating profit (loss) | 9901 | €61,687 | €37,293 | -€24,394 | -39.5% |
| Financial income | 75/76B | €955 | €871 | -€84 | -8.8% |
| Recurring financial income | 75 | €955 | €871 | -€84 | -8.8% |
| Financial charges | 65/66B | €1,705 | €3,062 | +€1,357 | +79.6% |
| Recurring financial charges | 65 | €1,705 | €3,062 | +€1,357 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €60,937 | €35,101 | -€25,836 | -42.4% |
| Income taxes | 67/77 | €7,396 | €10,408 | +€3,011 | +40.7% |
| Profit (loss) for the period | 9904 | €53,541 | €24,694 | -€28,847 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,541 | €24,694 | -€28,847 | -53.9% |
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 24 October 2026 via checked.be.