FERLIMMO: 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.
FERLIMMO
Largest movements
- Receivables within one year -€40,525
down €40,525 (-24.2%), from €167,229 to €126,703
of which Other amounts receivable: -€40,525
- Cash +€39,511
up €39,511 (+57.9%), from €68,280 to €107,791
mainly Receivables within one year (+€40,525) and Other debts (+€34,501)
- Tangible fixed assets -€14,450
down €14,450 (-3.1%), from €459,660 to €445,211
of which Land and buildings: -€15,120
- Profit (loss) carried forward -€43,112
down €43,112 (-20.3%), from €212,765 to €169,653
- Other debts +€34,501
up €34,501 (+101.0%), from €34,151 to €68,652
- Gross operating margin -€59,107
down €59,107 (-76.4%), from €77,387 to €18,279
- Depreciation +€3,200
up €3,200 (+17.1%), from €18,743 to €21,943
- Financial income -€1,451
no longer reported in 2025 (was €1,451)
- Financial charges -€793
down €793 (-47.7%), from €1,662 to €869
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 | €704,952 | €687,457 | -€17,494 | -2.5% |
| Fixed assets | 21/28 | €466,160 | €451,711 | -€14,450 | -3.1% |
| Tangible fixed assets | 22/27 | €459,660 | €445,211 | -€14,450 | -3.1% |
| Land and buildings | 22 | €188,388 | €173,267 | -€15,120 | -8.0% |
| Plant, machinery and equipment | 23 | €256,118 | €262,979 | +€6,861 | +2.7% |
| Furniture and vehicles | 24 | €15,155 | €8,964 | -€6,191 | -40.9% |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €238,791 | €235,747 | -€3,045 | -1.3% |
| Amounts receivable within one year | 40/41 | €167,229 | €126,703 | -€40,525 | -24.2% |
| Trade receivables | 40 | €12,041 | €12,041 | = | 0.0% |
| Other amounts receivable | 41 | €155,187 | €114,662 | -€40,525 | -26.1% |
| Cash at bank and in hand | 54/58 | €68,280 | €107,791 | +€39,511 | +57.9% |
| Deferred charges and accrued income | 490/1 | €3,283 | €1,252 | -€2,031 | -61.9% |
| Total equity and liabilities | 10/49 | €704,952 | €687,457 | -€17,494 | -2.5% |
| Equity | 10/15 | €660,417 | €617,305 | -€43,112 | -6.5% |
| Contributions | 10/11 | €294,197 | €294,197 | = | 0.0% |
| Reserves | 13 | €153,455 | €153,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €46,549 | +€46,549 | |
| Reserves not available under the articles | 1311 | - | €46,549 | +€46,549 | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €115,955 | €69,406 | -€46,549 | -40.1% |
| Profit (loss) carried forward | 14 | €212,765 | €169,653 | -€43,112 | -20.3% |
| Amounts payable | 17/49 | €44,534 | €70,152 | +€25,618 | +57.5% |
| Amounts payable after more than one year | 17 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,034 | €68,652 | +€25,618 | +59.5% |
| Financial debts | 43 | €6,451 | - | -€6,451 | |
| Credit institutions | 430/8 | €6,451 | - | -€6,451 | |
| Trade debts | 44 | €2,432 | - | -€2,432 | |
| Suppliers | 440/4 | €2,432 | - | -€2,432 | |
| Other amounts payable | 47/48 | €34,151 | €68,652 | +€34,501 | +101.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,743 | €21,943 | +€3,200 | +17.1% |
| Other operating charges | 640/8 | €3,820 | €3,563 | -€256 | -6.7% |
| Non-recurring operating charges | 66A | €137,454 | - | -€137,454 | |
| Gross operating margin | 9900 | €77,387 | €18,279 | -€59,107 | -76.4% |
| Operating profit (loss) | 9901 | -€82,630 | -€7,227 | +€75,404 | +91.3% |
| Financial income | 75/76B | €1,451 | - | -€1,451 | |
| Recurring financial income | 75 | €1,451 | - | -€1,451 | |
| Financial charges | 65/66B | €1,662 | €869 | -€793 | -47.7% |
| Recurring financial charges | 65 | €1,662 | €869 | -€793 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | -€82,841 | -€8,096 | +€74,745 | +90.2% |
| Income taxes | 67/77 | €1,296 | €866 | -€430 | -33.2% |
| Profit (loss) for the period | 9904 | -€84,137 | -€8,962 | +€75,175 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,137 | -€8,962 | +€75,175 | +89.3% |
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.