Fermalux: 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.
What changed
Fermalux
NACE 22.240, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€175,866
2024 · €204,051-€379,917
Equity
€2.0m
2024 · €2.2m-€178,116
Cash
€400,968
2024 · €444,272-€43,303
Balance sheet total
€3.6m
2024 · €3.8m-€157,109
Largest movements
Assets
- Current investments -€239,359
down €239,359 (-49.5%), from €483,667 to €244,309
- Stocks and contracts -€190,124
down €190,124 (-20.9%), from €908,107 to €717,983
of which Contracts in progress: -€189,041
- Tangible fixed assets +€180,921
up €180,921 (+11.8%), from €1.5m to €1.7m
of which Leasing and similar rights: +€297,423
- Receivables within one year +€83,331
up €83,331 (+19.4%), from €429,350 to €512,682
of which Other amounts receivable: +€150,258
- Deferred charges and accrued income +€51,425
up €51,425 (+1535.9%), from €3,348 to €54,773
Equity and liabilities
- Profit (loss) carried forward -€175,866
down €175,866 (-36.8%), from €477,885 to €302,019
- Debts after one year +€162,040
up €162,040 (+60.2%), from €269,365 to €431,405
- Advances received -€86,431
down €86,431 (-17.7%), from €487,022 to €400,591
- Other debts -€50,000
down €50,000 (-44.9%), from €111,401 to €61,401
- Current portion of long-term debt +€46,133
up €46,133 (+49.1%), from €93,960 to €140,094
Income statement
- Gross operating margin -€566,242
down €566,242 (-23.4%), from €2.4m to €1.9m
- Staff costs -€171,982
down €171,982 (-8.7%), from €2.0m to €1.8m
- Taxes -€92,343
down €92,343, from €91,922 to -€421
- Depreciation +€34,344
up €34,344 (+23.6%), from €145,365 to €179,709
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.
Result 2024
€204,051
Gross operating margin
-€566,242
Staff costs
+€171,982
Depreciation
-€34,344
Write-downs
+€221
Other operating charges
+€3,468
Financial income
-€23,338
Financial charges
-€24,007
Taxes
+€92,343
Result 2025
-€175,866
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.
From operations
-€127,956
Investment
-€121,271
Financing
+€205,924
Cash 2024
€444,272
From operations (derived)
-€127,956
Net result for the year
-€175,866
Depreciation
+€179,709
Stocks and contracts
+€190,124
Receivables within one year
-€83,331
Deferred charges and accrued income
-€51,425
Provisions
-€750
Trade debts
-€5,369
Tax, wage and social debts
-€44,616
Advances received
-€86,431
Other debts
-€50,000
Investment (derived)
-€121,271
Investment in fixed assets (net)
-€360,630
Current investments
+€239,359
Financing
+€205,924
Debts after one year
+€162,040
Current portion of long-term debt
+€46,133
Contributions, distributions and other
-€2,250
Cash 2025
€400,968
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,806,778 | €3,649,669 | -€157,109 | -4.1% |
| Fixed assets | 21/28 | €1,538,034 | €1,718,955 | +€180,921 | +11.8% |
| Tangible fixed assets | 22/27 | €1,537,346 | €1,718,267 | +€180,921 | +11.8% |
| Land and buildings | 22 | €1,351,781 | €1,292,355 | -€59,426 | -4.4% |
| Plant, machinery and equipment | 23 | €54,742 | €44,227 | -€10,515 | -19.2% |
| Furniture and vehicles | 24 | €130,823 | €84,262 | -€46,561 | -35.6% |
| Leasing and similar rights | 25 | - | €297,423 | +€297,423 | |
| Financial fixed assets | 28 | €688 | €688 | = | 0.0% |
| Current assets | 29/58 | €2,268,744 | €1,930,715 | -€338,030 | -14.9% |
| Stocks and contracts in progress | 3 | €908,107 | €717,983 | -€190,124 | -20.9% |
| Stocks | 30/36 | €581,620 | €580,536 | -€1,084 | -0.2% |
| Contracts in progress | 37 | €326,487 | €137,447 | -€189,041 | -57.9% |
| Amounts receivable within one year | 40/41 | €429,350 | €512,682 | +€83,331 | +19.4% |
| Trade receivables | 40 | €246,727 | €179,800 | -€66,927 | -27.1% |
| Other amounts receivable | 41 | €182,623 | €332,881 | +€150,258 | +82.3% |
| Current investments | 50/53 | €483,667 | €244,309 | -€239,359 | -49.5% |
| Cash at bank and in hand | 54/58 | €444,272 | €400,968 | -€43,303 | -9.7% |
| Deferred charges and accrued income | 490/1 | €3,348 | €54,773 | +€51,425 | +1535.9% |
| Total equity and liabilities | 10/49 | €3,806,778 | €3,649,669 | -€157,109 | -4.1% |
| Equity | 10/15 | €2,207,246 | €2,029,130 | -€178,116 | -8.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,573,861 | €1,573,861 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,628 | €120,628 | = | 0.0% |
| Distributable reserves | 133 | €1,440,833 | €1,440,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | €477,885 | €302,019 | -€175,866 | -36.8% |
| Investment grants | 15 | €31,500 | €29,250 | -€2,250 | -7.1% |
| Provisions and deferred taxes | 16 | €10,500 | €9,750 | -€750 | -7.1% |
| Deferred taxes | 168 | €10,500 | €9,750 | -€750 | -7.1% |
| Amounts payable | 17/49 | €1,589,032 | €1,610,789 | +€21,757 | +1.4% |
| Amounts payable after more than one year | 17 | €269,365 | €431,405 | +€162,040 | +60.2% |
| Financial debts | 170/4 | €269,365 | €431,405 | +€162,040 | +60.2% |
| Amounts payable within one year | 42/48 | €1,319,468 | €1,179,184 | -€140,283 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €93,960 | €140,094 | +€46,133 | +49.1% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €322,009 | €316,640 | -€5,369 | -1.7% |
| Suppliers | 440/4 | €322,009 | €316,640 | -€5,369 | -1.7% |
| Advances received on contracts in progress | 46 | €487,022 | €400,591 | -€86,431 | -17.7% |
| Taxes, remuneration and social security | 45 | €280,075 | €235,459 | -€44,616 | -15.9% |
| Taxes | 450/3 | €25,693 | €33,293 | +€7,600 | +29.6% |
| Remuneration and social security | 454/9 | €254,382 | €202,166 | -€52,216 | -20.5% |
| Other amounts payable | 47/48 | €111,401 | €61,401 | -€50,000 | -44.9% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Non-recurring operating income | 76A | - | €50,505 | +€50,505 | |
| Remuneration, social security and pensions | 62 | €1,976,852 | €1,804,870 | -€171,982 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,365 | €179,709 | +€34,344 | +23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,197 | €2,976 | -€221 | -6.9% |
| Other operating charges | 640/8 | €49,490 | €46,022 | -€3,468 | -7.0% |
| Gross operating margin | 9900 | €2,419,176 | €1,852,934 | -€566,242 | -23.4% |
| Operating profit (loss) | 9901 | €244,272 | -€180,643 | -€424,915 | |
| Financial income | 75/76B | €38,406 | €15,068 | -€23,338 | -60.8% |
| Recurring financial income | 75 | €37,884 | €15,068 | -€22,815 | -60.2% |
| Non-recurring financial income | 76B | €523 | - | -€523 | |
| Financial charges | 65/66B | -€12,545 | €11,462 | +€24,007 | |
| Recurring financial charges | 65 | -€12,545 | €11,462 | +€24,007 | |
| Profit (loss) for the period before taxes | 9903 | €295,223 | -€177,037 | -€472,260 | |
| Transfer from deferred taxes | 780 | €750 | €750 | = | 0.0% |
| Income taxes | 67/77 | €91,922 | -€421 | -€92,343 | |
| Profit (loss) for the period | 9904 | €204,051 | -€175,866 | -€379,917 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | - | -€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €140,901 | -€175,866 | -€316,767 |
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.