FERIAL: 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.
FERIAL
Largest movements
- Receivables within one year +€20,589
up €20,589 (+39.8%), from €51,764 to €72,353
- Cash +€14,146
up €14,146 (+52.1%), from €27,161 to €41,307
mainly Net result for the year (+€42,857) and Trade debts (+€1,216)
- Stocks and contracts +€3,588
new in 2025: €3,588
- Tangible fixed assets +€2,324
new in 2025: €2,324
- Profit (loss) carried forward +€42,857
up €42,857 (+84.1%), from €50,961 to €93,818
- Tax, wage and social debts -€3,183
down €3,183 (-15.7%), from €20,328 to €17,145
of which Remuneration and social security: -€6,712
- Trade debts +€1,216
up €1,216 (+110.8%), from €1,098 to €2,314
- Gross operating margin -€9,344
down €9,344 (-14.6%), from €63,901 to €54,557
- Taxes -€1,563
down €1,563 (-12.2%), from €12,853 to €11,290
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 | €78,925 | €119,572 | +€40,647 | +51.5% |
| Fixed assets | 21/28 | - | €2,324 | +€2,324 | |
| Tangible fixed assets | 22/27 | - | €2,324 | +€2,324 | |
| Furniture and vehicles | 24 | - | €2,324 | +€2,324 | |
| Current assets | 29/58 | €78,925 | €117,248 | +€38,323 | +48.6% |
| Stocks and contracts in progress | 3 | - | €3,588 | +€3,588 | |
| Stocks | 30/36 | - | €3,588 | +€3,588 | |
| Amounts receivable within one year | 40/41 | €51,764 | €72,353 | +€20,589 | +39.8% |
| Trade receivables | 40 | €51,764 | €72,353 | +€20,589 | +39.8% |
| Cash at bank and in hand | 54/58 | €27,161 | €41,307 | +€14,146 | +52.1% |
| Total equity and liabilities | 10/49 | €78,925 | €119,572 | +€40,647 | +51.5% |
| Equity | 10/15 | €55,961 | €98,818 | +€42,857 | +76.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,961 | €93,818 | +€42,857 | +84.1% |
| Amounts payable | 17/49 | €22,964 | €20,754 | -€2,210 | -9.6% |
| Amounts payable within one year | 42/48 | €22,964 | €20,754 | -€2,210 | -9.6% |
| Trade debts | 44 | €1,098 | €2,314 | +€1,216 | +110.8% |
| Suppliers | 440/4 | €1,098 | €2,314 | +€1,216 | +110.8% |
| Taxes, remuneration and social security | 45 | €20,328 | €17,145 | -€3,183 | -15.7% |
| Taxes | 450/3 | €7,628 | €11,157 | +€3,529 | +46.3% |
| Remuneration and social security | 454/9 | €12,700 | €5,988 | -€6,712 | -52.9% |
| Other amounts payable | 47/48 | €1,539 | €1,295 | -€244 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €298 | +€298 | |
| Other operating charges | 640/8 | €30 | €50 | +€20 | +66.7% |
| Gross operating margin | 9900 | €63,901 | €54,557 | -€9,344 | -14.6% |
| Operating profit (loss) | 9901 | €63,871 | €54,209 | -€9,662 | -15.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €57 | €63 | +€6 | +11.3% |
| Recurring financial charges | 65 | €57 | €63 | +€6 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €63,814 | €54,147 | -€9,667 | -15.1% |
| Income taxes | 67/77 | €12,853 | €11,290 | -€1,563 | -12.2% |
| Profit (loss) for the period | 9904 | €50,961 | €42,857 | -€8,104 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,961 | €42,857 | -€8,104 | -15.9% |
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 5 October 2026 via checked.be.