FERGIMO: 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.
FERGIMO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves -€27,249
down €27,249 (-32.4%), from €84,031 to €56,782
- Other debts +€22,966
up €22,966 (+41.5%), from €55,295 to €78,261
- Trade debts +€7,854
up €7,854 (+279.8%), from €2,807 to €10,660
- Debts after one year -€3,766
down €3,766 (-19.1%), from €19,681 to €15,915
- Gross operating margin -€10,947
down €10,947, from €2,097 to -€8,850
- Depreciation +€651
up €651 (+5.8%), from €11,194 to €11,845
- Financial charges -€536
down €536 (-35.8%), from €1,499 to €962
- Other operating charges +€452
up €452 (+9.2%), from €4,924 to €5,376
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,878 | €185,368 | -€510 | -0.3% |
| Fixed assets | 21/28 | €180,384 | €178,912 | -€1,473 | -0.8% |
| Tangible fixed assets | 22/27 | €180,384 | €178,912 | -€1,473 | -0.8% |
| Land and buildings | 22 | €113,832 | €111,452 | -€2,380 | -2.1% |
| Plant, machinery and equipment | 23 | €66,552 | €66,605 | +€52 | +0.1% |
| Furniture and vehicles | 24 | - | €855 | +€855 | |
| Current assets | 29/58 | €5,493 | €6,456 | +€963 | +17.5% |
| Amounts receivable within one year | 40/41 | €124 | - | -€124 | |
| Trade receivables | 40 | €124 | - | -€124 | |
| Cash at bank and in hand | 54/58 | €8 | €797 | +€789 | +9332.9% |
| Deferred charges and accrued income | 490/1 | €5,361 | €5,659 | +€298 | +5.6% |
| Total equity and liabilities | 10/49 | €185,878 | €185,368 | -€510 | -0.3% |
| Equity | 10/15 | €103,799 | €76,550 | -€27,249 | -26.3% |
| Contributions | 10/11 | €19,768 | €19,768 | = | 0.0% |
| Reserves | 13 | €84,031 | €56,782 | -€27,249 | -32.4% |
| Distributable reserves | 133 | €84,031 | €56,782 | -€27,249 | -32.4% |
| Amounts payable | 17/49 | €82,078 | €108,818 | +€26,740 | +32.6% |
| Amounts payable after more than one year | 17 | €19,681 | €15,915 | -€3,766 | -19.1% |
| Financial debts | 170/4 | €19,681 | €15,915 | -€3,766 | -19.1% |
| Amounts payable within one year | 42/48 | €62,397 | €92,903 | +€30,506 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €3,874 | €3,766 | -€108 | -2.8% |
| Trade debts | 44 | €2,807 | €10,660 | +€7,854 | +279.8% |
| Suppliers | 440/4 | €2,807 | €10,660 | +€7,854 | +279.8% |
| Taxes, remuneration and social security | 45 | €421 | €216 | -€206 | -48.8% |
| Taxes | 450/3 | €421 | €216 | -€206 | -48.8% |
| Other amounts payable | 47/48 | €55,295 | €78,261 | +€22,966 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,194 | €11,845 | +€651 | +5.8% |
| Other operating charges | 640/8 | €4,924 | €5,376 | +€452 | +9.2% |
| Gross operating margin | 9900 | €2,097 | -€8,850 | -€10,947 | |
| Operating profit (loss) | 9901 | -€14,021 | -€26,071 | -€12,050 | -85.9% |
| Financial charges | 65/66B | €1,499 | €962 | -€536 | -35.8% |
| Recurring financial charges | 65 | €1,499 | €962 | -€536 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,519 | -€27,033 | -€11,514 | -74.2% |
| Income taxes | 67/77 | €219 | €216 | -€3 | -1.3% |
| Profit (loss) for the period | 9904 | -€15,738 | -€27,249 | -€11,511 | -73.1% |
| Transfer from tax-exempt reserves | 789 | €6,000 | - | -€6,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,738 | -€27,249 | -€17,511 | -179.8% |
Source: filed annual accounts (NBB), fiscal years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.