FERIANI: 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.
FERIANI
Largest movements
- Stocks and contracts +€167,499
up €167,499 (+28.0%), from €598,349 to €765,848
- Tangible fixed assets -€13,376
down €13,376 (-7.5%), from €178,018 to €164,642
of which Land and buildings: -€10,896
- Other debts +€338,749
up €338,749 (+43.9%), from €770,889 to €1.1m
- Profit (loss) carried forward -€176,642
down €176,642 (-89.5%), from -€197,329 to -€373,971
- Tax, wage and social debts -€19,885
down €19,885 (-28.8%), from €69,137 to €49,252
of which Remuneration and social security: -€17,901
- Trade debts +€13,917
up €13,917 (+8.9%), from €155,621 to €169,538
- Gross operating margin +€113,257
up €113,257, from -€804 to €112,452
- Staff costs +€37,734
up €37,734 (+19.7%), from €191,183 to €228,917
- Financial charges +€5,613
up €5,613 (+52.7%), from €10,646 to €16,259
of which Non-recurring financial charges: +€5,375
- Other operating charges +€3,937
up €3,937 (+41.3%), from €9,535 to €13,473
- Depreciation +€3,317
up €3,317 (+12.3%), from €26,977 to €30,294
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 | €905,589 | €1,061,775 | +€156,187 | +17.2% |
| Fixed assets | 21/28 | €209,283 | €195,907 | -€13,376 | -6.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €178,018 | €164,642 | -€13,376 | -7.5% |
| Land and buildings | 22 | €171,937 | €161,041 | -€10,896 | -6.3% |
| Plant, machinery and equipment | 23 | €4,628 | €2,459 | -€2,169 | -46.9% |
| Furniture and vehicles | 24 | €1,454 | €1,143 | -€311 | -21.4% |
| Financial fixed assets | 28 | €31,265 | €31,265 | = | 0.0% |
| Current assets | 29/58 | €696,305 | €865,868 | +€169,562 | +24.4% |
| Stocks and contracts in progress | 3 | €598,349 | €765,848 | +€167,499 | +28.0% |
| Stocks | 30/36 | €598,349 | €765,848 | +€167,499 | +28.0% |
| Amounts receivable within one year | 40/41 | €53,929 | €60,843 | +€6,914 | +12.8% |
| Trade receivables | 40 | €53,929 | €60,843 | +€6,914 | +12.8% |
| Cash at bank and in hand | 54/58 | €41,181 | €38,081 | -€3,100 | -7.5% |
| Deferred charges and accrued income | 490/1 | €2,847 | €1,097 | -€1,750 | -61.5% |
| Total equity and liabilities | 10/49 | €905,589 | €1,061,775 | +€156,187 | +17.2% |
| Equity | 10/15 | -€159,409 | -€336,003 | -€176,594 | -110.8% |
| Contributions | 10/11 | €6,200 | €6,248 | +€48 | +0.8% |
| Reserves | 13 | €31,720 | €31,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €11,110 | €11,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,329 | -€373,971 | -€176,642 | -89.5% |
| Amounts payable | 17/49 | €1,064,998 | €1,397,779 | +€332,781 | +31.2% |
| Amounts payable after more than one year | 17 | €66,950 | €66,950 | = | 0.0% |
| Financial debts | 170/4 | €66,950 | €66,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €998,048 | €1,330,829 | +€332,781 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €2,400 | €2,400 | = | 0.0% |
| Trade debts | 44 | €155,621 | €169,538 | +€13,917 | +8.9% |
| Suppliers | 440/4 | €155,621 | €169,538 | +€13,917 | +8.9% |
| Taxes, remuneration and social security | 45 | €69,137 | €49,252 | -€19,885 | -28.8% |
| Taxes | 450/3 | €34,647 | €32,663 | -€1,984 | -5.7% |
| Remuneration and social security | 454/9 | €34,490 | €16,589 | -€17,901 | -51.9% |
| Other amounts payable | 47/48 | €770,889 | €1,109,639 | +€338,749 | +43.9% |
| Remuneration, social security and pensions | 62 | €191,183 | €228,917 | +€37,734 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,977 | €30,294 | +€3,317 | +12.3% |
| Other operating charges | 640/8 | €9,535 | €13,473 | +€3,937 | +41.3% |
| Gross operating margin | 9900 | -€804 | €112,452 | +€113,257 | |
| Operating profit (loss) | 9901 | -€228,500 | -€160,231 | +€68,269 | +29.9% |
| Financial income | 75/76B | €60 | €3 | -€57 | -94.8% |
| Recurring financial income | 75 | €60 | €3 | -€57 | -94.8% |
| Financial charges | 65/66B | €10,646 | €16,259 | +€5,613 | +52.7% |
| Recurring financial charges | 65 | €10,646 | €10,884 | +€238 | +2.2% |
| Non-recurring financial charges | 66B | - | €5,375 | +€5,375 | |
| Profit (loss) for the period before taxes | 9903 | -€239,086 | -€176,487 | +€62,599 | +26.2% |
| Income taxes | 67/77 | - | €156 | +€156 | |
| Profit (loss) for the period | 9904 | -€239,086 | -€176,642 | +€62,444 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€239,086 | -€176,642 | +€62,444 | +26.1% |
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 3 October 2026 via checked.be.