FEREX.be: 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.
FEREX.be
Largest movements
- Cash -€160,107
down €160,107 (-24.3%), from €658,286 to €498,179
mainly Net result for the year (-€87,878) and Tax, wage and social debts (-€39,554)
- Profit (loss) carried forward -€87,878
down €87,878 (-72.5%), from €121,200 to €33,321
- Tax, wage and social debts -€39,554
down €39,554 (-47.3%), from €83,663 to €44,110
- Trade debts -€33,608
down €33,608 (-98.7%), from €34,042 to €434
- Gross operating margin -€414,772
down €414,772, from €357,861 to -€56,911
- Taxes -€105,372
down €105,372 (-99.5%), from €105,919 to €546
- Staff costs -€15,764
down €15,764 (-93.0%), from €16,949 to €1,185
- Financial charges +€12,684
up €12,684 (+130%), from €9,757 to €22,440
- Depreciation +€3,784
up €3,784 (+72.2%), from €5,243 to €9,026
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.
Derived cash bridge
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 | €869,022 | €707,982 | -€161,039 | -18.5% |
| Fixed assets | 21/28 | €44,640 | €42,367 | -€2,273 | -5.1% |
| Tangible fixed assets | 22/27 | €41,055 | €38,782 | -€2,273 | -5.5% |
| Plant, machinery and equipment | 23 | €20,483 | €18,135 | -€2,348 | -11.5% |
| Furniture and vehicles | 24 | €8,295 | €8,755 | +€460 | +5.5% |
| Other tangible fixed assets | 26 | €12,277 | €11,892 | -€385 | -3.1% |
| Financial fixed assets | 28 | €3,585 | €3,585 | = | 0.0% |
| Current assets | 29/58 | €824,381 | €665,615 | -€158,766 | -19.3% |
| Amounts receivable after more than one year | 29 | €51,195 | €51,195 | = | 0.0% |
| Trade receivables | 290 | €51,195 | €51,195 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,238 | €112,302 | -€935 | -0.8% |
| Trade receivables | 40 | €58,171 | - | -€58,171 | |
| Other amounts receivable | 41 | €55,067 | €112,302 | +€57,235 | +104% |
| Cash at bank and in hand | 54/58 | €658,286 | €498,179 | -€160,107 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,662 | €3,938 | +€2,276 | +137% |
| Total equity and liabilities | 10/49 | €869,022 | €707,982 | -€161,039 | -18.5% |
| Equity | 10/15 | €751,316 | €663,438 | -€87,878 | -11.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €568,143 | €568,143 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,520 | €6,520 | = | 0.0% |
| Legal reserve | 130 | €6,520 | €6,520 | = | 0.0% |
| Distributable reserves | 133 | €561,623 | €561,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,200 | €33,321 | -€87,878 | -72.5% |
| Amounts payable | 17/49 | €117,705 | €44,544 | -€73,161 | -62.2% |
| Amounts payable within one year | 42/48 | €117,705 | €44,544 | -€73,161 | -62.2% |
| Trade debts | 44 | €34,042 | €434 | -€33,608 | -98.7% |
| Suppliers | 440/4 | €34,042 | €434 | -€33,608 | -98.7% |
| Taxes, remuneration and social security | 45 | €83,663 | €44,110 | -€39,554 | -47.3% |
| Taxes | 450/3 | €83,663 | €44,110 | -€39,554 | -47.3% |
| Non-recurring operating income | 76A | - | €16,250 | +€16,250 | |
| Remuneration, social security and pensions | 62 | €16,949 | €1,185 | -€15,764 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,243 | €9,026 | +€3,784 | +72.2% |
| Other operating charges | 640/8 | €778 | €1,021 | +€243 | +31.3% |
| Gross operating margin | 9900 | €357,861 | -€56,911 | -€414,772 | |
| Operating profit (loss) | 9901 | €334,892 | -€68,143 | -€403,035 | |
| Financial income | 75/76B | €1,691 | €3,251 | +€1,560 | +92.3% |
| Recurring financial income | 75 | €1,691 | €3,251 | +€1,560 | +92.3% |
| Financial charges | 65/66B | €9,757 | €22,440 | +€12,684 | +130% |
| Recurring financial charges | 65 | €9,757 | €22,440 | +€12,684 | +130% |
| Profit (loss) for the period before taxes | 9903 | €326,826 | -€87,332 | -€414,158 | |
| Income taxes | 67/77 | €105,919 | €546 | -€105,372 | -99.5% |
| Profit (loss) for the period | 9904 | €220,907 | -€87,878 | -€308,786 | |
| Profit (loss) for the period to be appropriated | 9905 | €220,907 | -€87,878 | -€308,786 |
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 17 October 2026 via checked.be.