Fergeo: what changed
Two fiscal 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.
Fergeo
Largest movements
- Receivables within one year +€86,153
up €86,153 (+155.2%), from €55,515 to €141,668
- Tangible fixed assets +€12,991
new in 2025: €12,991
- Reserves +€82,913
up €82,913 (+48.9%), from €169,543 to €252,456
- Other debts -€60,707
down €60,707 (-47.6%), from €127,469 to €66,763
- Tax, wage and social debts +€39,850
up €39,850 (+55.7%), from €71,587 to €111,438
- Trade debts +€20,621
up €20,621 (+859.4%), from €2,399 to €23,020
- Current portion of long-term debt +€7,869
up €7,869 (+13.8%), from €57,097 to €64,966
- Taxes +€13,424
up €13,424 (+38.6%), from €34,801 to €48,225
- Gross operating margin -€5,497
down €5,497 (-2.7%), from €202,607 to €197,111
- Financial charges -€4,622
down €4,622 (-23.5%), from €19,637 to €15,015
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.
Cash bridge derived
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 | €658,674 | €750,988 | +€92,314 | +14.0% |
| Fixed assets | 21/28 | €544,000 | €556,991 | +€12,991 | +2.4% |
| Tangible fixed assets | 22/27 | - | €12,991 | +€12,991 | |
| Furniture and vehicles | 24 | - | €12,991 | +€12,991 | |
| Financial fixed assets | 28 | €544,000 | €544,000 | = | 0.0% |
| Current assets | 29/58 | €114,674 | €193,997 | +€79,323 | +69.2% |
| Amounts receivable after more than one year | 29 | €20,000 | €19,250 | -€750 | -3.8% |
| Other amounts receivable | 291 | €20,000 | €19,250 | -€750 | -3.8% |
| Amounts receivable within one year | 40/41 | €55,515 | €141,668 | +€86,153 | +155.2% |
| Trade receivables | 40 | €55,515 | €141,668 | +€86,153 | +155.2% |
| Cash at bank and in hand | 54/58 | €26,046 | €24,882 | -€1,164 | -4.5% |
| Deferred charges and accrued income | 490/1 | €13,113 | €8,197 | -€4,916 | -37.5% |
| Total equity and liabilities | 10/49 | €658,674 | €750,988 | +€92,314 | +14.0% |
| Equity | 10/15 | €174,543 | €257,456 | +€82,913 | +47.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €169,543 | €252,456 | +€82,913 | +48.9% |
| Distributable reserves | 133 | €169,543 | €252,456 | +€82,913 | +48.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €484,131 | €493,532 | +€9,401 | +1.9% |
| Amounts payable after more than one year | 17 | €213,947 | €213,582 | -€366 | -0.2% |
| Financial debts | 170/4 | €213,947 | €213,582 | -€366 | -0.2% |
| Amounts payable within one year | 42/48 | €258,553 | €266,186 | +€7,633 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €57,097 | €64,966 | +€7,869 | +13.8% |
| Trade debts | 44 | €2,399 | €23,020 | +€20,621 | +859.4% |
| Suppliers | 440/4 | €2,399 | €23,020 | +€20,621 | +859.4% |
| Taxes, remuneration and social security | 45 | €71,587 | €111,438 | +€39,850 | +55.7% |
| Taxes | 450/3 | €71,587 | €111,438 | +€39,850 | +55.7% |
| Other amounts payable | 47/48 | €127,469 | €66,763 | -€60,707 | -47.6% |
| Accrued charges and deferred income | 492/3 | €11,631 | €13,764 | +€2,133 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €874 | +€874 | |
| Other operating charges | 640/8 | €1,730 | €884 | -€845 | -48.9% |
| Gross operating margin | 9900 | €202,607 | €197,111 | -€5,497 | -2.7% |
| Operating profit (loss) | 9901 | €200,878 | €195,353 | -€5,525 | -2.8% |
| Financial income | 75/76B | €700 | €800 | +€100 | +14.3% |
| Recurring financial income | 75 | €700 | €800 | +€100 | +14.3% |
| Financial charges | 65/66B | €19,637 | €15,015 | -€4,622 | -23.5% |
| Recurring financial charges | 65 | €19,637 | €15,015 | -€4,622 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €181,940 | €181,138 | -€803 | -0.4% |
| Income taxes | 67/77 | €34,801 | €48,225 | +€13,424 | +38.6% |
| Profit (loss) for the period | 9904 | €147,140 | €132,913 | -€14,227 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €147,140 | €132,913 | -€14,227 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.