ferla: 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.
ferla
Largest movements
- Tangible fixed assets +€54,218
up €54,218 (+14.7%), from €369,941 to €424,160
of which Plant, machinery and equipment: +€38,129
- Receivables within one year +€28,389
up €28,389 (+13633.3%), from €208 to €28,597
of which Trade receivables: +€15,572
- Cash +€25,885
up €25,885 (+163.1%), from €15,875 to €41,760
mainly Net result for the year (+€57,868) and Other debts (+€46,551)
- Other debts +€46,551
up €46,551 (+2815.8%), from €1,653 to €48,204
- Reserves +€31,698
new in 2025: €31,698
- Profit (loss) carried forward +€26,170
no longer reported in 2025 (was -€26,170)
- Trade debts +€19,230
up €19,230 (+1180.5%), from €1,629 to €20,859
- Debts after one year -€11,589
down €11,589 (-3.3%), from €351,016 to €339,428
- Gross operating margin +€65,824
up €65,824 (+183.9%), from €35,798 to €101,622
- Taxes +€11,088
new in 2025: €11,088
- Financial income +€2,539
up €2,539 (+26534.1%), from €10 to €2,549
- Depreciation +€1,884
up €1,884 (+8.3%), from €22,729 to €24,613
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 | €386,199 | €498,293 | +€112,094 | +29.0% |
| Fixed assets | 21/28 | €369,941 | €424,160 | +€54,218 | +14.7% |
| Tangible fixed assets | 22/27 | €369,941 | €424,160 | +€54,218 | +14.7% |
| Land and buildings | 22 | €369,941 | €355,443 | -€14,499 | -3.9% |
| Plant, machinery and equipment | 23 | - | €38,129 | +€38,129 | |
| Furniture and vehicles | 24 | - | €15,534 | +€15,534 | |
| Leasing and similar rights | 25 | - | €15,054 | +€15,054 | |
| Current assets | 29/58 | €16,258 | €74,134 | +€57,876 | +356.0% |
| Stocks and contracts in progress | 3 | - | €3,686 | +€3,686 | |
| Stocks | 30/36 | - | €3,686 | +€3,686 | |
| Amounts receivable within one year | 40/41 | €208 | €28,597 | +€28,389 | +13633.3% |
| Trade receivables | 40 | €208 | €15,781 | +€15,572 | +7478.4% |
| Other amounts receivable | 41 | - | €12,816 | +€12,816 | |
| Cash at bank and in hand | 54/58 | €15,875 | €41,760 | +€25,885 | +163.1% |
| Deferred charges and accrued income | 490/1 | €174 | €91 | -€84 | -48.0% |
| Total equity and liabilities | 10/49 | €386,199 | €498,293 | +€112,094 | +29.0% |
| Equity | 10/15 | €3,830 | €61,698 | +€57,868 | +1511.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €31,698 | +€31,698 | |
| Distributable reserves | 133 | - | €31,698 | +€31,698 | |
| Profit (loss) carried forward | 14 | -€26,170 | - | +€26,170 | |
| Amounts payable | 17/49 | €382,370 | €436,595 | +€54,226 | +14.2% |
| Amounts payable after more than one year | 17 | €351,016 | €339,428 | -€11,589 | -3.3% |
| Financial debts | 170/4 | €351,016 | €339,428 | -€11,589 | -3.3% |
| Amounts payable within one year | 42/48 | €31,353 | €97,168 | +€65,814 | +209.9% |
| Current portion of amounts payable after more than one year | 42 | €26,476 | €26,933 | +€457 | +1.7% |
| Trade debts | 44 | €1,629 | €20,859 | +€19,230 | +1180.5% |
| Suppliers | 440/4 | €1,629 | €20,859 | +€19,230 | +1180.5% |
| Taxes, remuneration and social security | 45 | €1,595 | €1,171 | -€424 | -26.6% |
| Taxes | 450/3 | €1,595 | €1,171 | -€424 | -26.6% |
| Other amounts payable | 47/48 | €1,653 | €48,204 | +€46,551 | +2815.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,729 | €24,613 | +€1,884 | +8.3% |
| Other operating charges | 640/8 | €3,404 | €3,624 | +€221 | +6.5% |
| Gross operating margin | 9900 | €35,798 | €101,622 | +€65,824 | +183.9% |
| Operating profit (loss) | 9901 | €9,665 | €73,384 | +€63,719 | +659.3% |
| Financial income | 75/76B | €10 | €2,549 | +€2,539 | +26534.1% |
| Recurring financial income | 75 | €10 | €2,549 | +€2,539 | +26534.1% |
| Financial charges | 65/66B | €6,707 | €6,977 | +€270 | +4.0% |
| Recurring financial charges | 65 | €6,707 | €6,977 | +€270 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €2,967 | €68,956 | +€65,989 | +2223.9% |
| Income taxes | 67/77 | - | €11,088 | +€11,088 | |
| Profit (loss) for the period | 9904 | €2,967 | €57,868 | +€54,901 | +1850.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,967 | €57,868 | +€54,901 | +1850.2% |
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 8 October 2026 via checked.be.