Ferga: 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.
Ferga
Largest movements
- Cash -€28,937
down €28,937 (-62.6%), from €46,247 to €17,310
mainly Stocks and contracts (-€25,214) and Trade debts (-€24,513)
- Stocks and contracts +€25,214
up €25,214 (+551%), from €4,577 to €29,791
- Deferred charges and accrued income -€1,891
down €1,891 (-49.5%), from €3,818 to €1,927
- Trade debts -€24,513
down €24,513 (-68.8%), from €35,644 to €11,131
- Reserves +€20,000
up €20,000 (+154%), from €13,000 to €33,000
- Advances received -€9,000
no longer reported in 2025 (was €9,000)
- Tax, wage and social debts +€5,922
new in 2025: €5,922
- Gross operating margin +€11,896
up €11,896 (+30.7%), from €38,699 to €50,595
- Taxes +€5,214
up €5,214 (+146%), from €3,572 to €8,786
- Other operating charges -€784
down €784 (-14.6%), from €5,368 to €4,584
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 | €172,968 | €166,561 | -€6,407 | -3.7% |
| Fixed assets | 21/28 | €111,621 | €110,226 | -€1,395 | -1.2% |
| Tangible fixed assets | 22/27 | €111,525 | €110,058 | -€1,467 | -1.3% |
| Plant, machinery and equipment | 23 | €108,809 | €105,531 | -€3,278 | -3.0% |
| Furniture and vehicles | 24 | €2,716 | €4,527 | +€1,811 | +66.7% |
| Financial fixed assets | 28 | €96 | €168 | +€72 | +75.0% |
| Current assets | 29/58 | €61,347 | €56,335 | -€5,012 | -8.2% |
| Stocks and contracts in progress | 3 | €4,577 | €29,791 | +€25,214 | +551% |
| Stocks | 30/36 | €4,577 | €29,791 | +€25,214 | +551% |
| Amounts receivable within one year | 40/41 | €6,705 | €7,307 | +€602 | +9.0% |
| Trade receivables | 40 | €4,529 | €7,185 | +€2,656 | +58.6% |
| Other amounts receivable | 41 | €2,176 | €122 | -€2,054 | -94.4% |
| Cash at bank and in hand | 54/58 | €46,247 | €17,310 | -€28,937 | -62.6% |
| Deferred charges and accrued income | 490/1 | €3,818 | €1,927 | -€1,891 | -49.5% |
| Total equity and liabilities | 10/49 | €172,968 | €166,561 | -€6,407 | -3.7% |
| Equity | 10/15 | €122,809 | €143,012 | +€20,203 | +16.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €33,000 | +€20,000 | +154% |
| Distributable reserves | 133 | €13,000 | €33,000 | +€20,000 | +154% |
| Profit (loss) carried forward | 14 | €9,809 | €10,012 | +€203 | +2.1% |
| Amounts payable | 17/49 | €50,159 | €23,549 | -€26,610 | -53.1% |
| Amounts payable within one year | 42/48 | €50,159 | €23,549 | -€26,610 | -53.1% |
| Trade debts | 44 | €35,644 | €11,131 | -€24,513 | -68.8% |
| Suppliers | 440/4 | €35,644 | €11,131 | -€24,513 | -68.8% |
| Advances received on contracts in progress | 46 | €9,000 | - | -€9,000 | |
| Taxes, remuneration and social security | 45 | - | €5,922 | +€5,922 | |
| Taxes | 450/3 | - | €5,922 | +€5,922 | |
| Other amounts payable | 47/48 | €5,515 | €6,496 | +€981 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,496 | €16,155 | -€341 | -2.1% |
| Other operating charges | 640/8 | €5,368 | €4,584 | -€784 | -14.6% |
| Gross operating margin | 9900 | €38,699 | €50,595 | +€11,896 | +30.7% |
| Operating profit (loss) | 9901 | €16,835 | €29,856 | +€13,021 | +77.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €176 | €217 | +€41 | +23.3% |
| Recurring financial charges | 65 | €176 | €217 | +€41 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €16,660 | €29,639 | +€12,979 | +77.9% |
| Income taxes | 67/77 | €3,572 | €8,786 | +€5,214 | +146% |
| Profit (loss) for the period | 9904 | €13,088 | €20,853 | +€7,765 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,088 | €20,853 | +€7,765 | +59.3% |
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 14 October 2026 via checked.be.