FERMATY: what changed
FERMATY
Largest movements
- Tangible fixed assets -€11,465
down €11,465 (-13.8%), from €83,014 to €71,549
of which Plant, machinery and equipment: -€7,282
- Cash -€4,539
down €4,539 (-68.3%), from €6,645 to €2,105
mainly Tax, wage and social debts (-€17,458) and Trade debts (-€6,152)
- Intangible fixed assets -€4,040
down €4,040 (-50.0%), from €8,085 to €4,045
- Receivables within one year -€3,406
down €3,406 (-43.3%), from €7,868 to €4,463
of which Trade receivables: -€3,968
- Tax, wage and social debts -€17,458
down €17,458 (-95.8%), from €18,215 to €757
of which Taxes: -€12,631
- Trade debts -€6,152
down €6,152 (-22.2%), from €27,656 to €21,504
- Profit (loss) carried forward +€3,609
up €3,609 (+137%), from €2,633 to €6,242
- Other debts -€3,448
down €3,448 (-7.3%), from €47,048 to €43,599
- Gross operating margin +€15,114
up €15,114 (+82.5%), from €18,321 to €33,435
- Staff costs -€8,396
down €8,396 (-46.0%), from €18,238 to €9,842
- Depreciation -€1,137
down €1,137 (-6.2%), from €18,467 to €17,330
- Other operating charges +€720
up €720 (+243%), from €296 to €1,017
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,612 | €82,162 | -€23,450 | -22.2% |
| Fixed assets | 21/28 | €91,099 | €75,594 | -€15,505 | -17.0% |
| Intangible fixed assets | 21 | €8,085 | €4,045 | -€4,040 | -50.0% |
| Tangible fixed assets | 22/27 | €83,014 | €71,549 | -€11,465 | -13.8% |
| Plant, machinery and equipment | 23 | €61,192 | €53,910 | -€7,282 | -11.9% |
| Furniture and vehicles | 24 | €21,822 | €17,639 | -€4,183 | -19.2% |
| Current assets | 29/58 | €14,513 | €6,568 | -€7,945 | -54.7% |
| Amounts receivable within one year | 40/41 | €7,868 | €4,463 | -€3,406 | -43.3% |
| Trade receivables | 40 | €7,868 | €3,900 | -€3,968 | -50.4% |
| Other amounts receivable | 41 | - | €563 | +€563 | |
| Cash at bank and in hand | 54/58 | €6,645 | €2,105 | -€4,539 | -68.3% |
| Total equity and liabilities | 10/49 | €105,612 | €82,162 | -€23,450 | -22.2% |
| Equity | 10/15 | €12,693 | €16,302 | +€3,609 | +28.4% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,633 | €6,242 | +€3,609 | +137% |
| Amounts payable | 17/49 | €92,919 | €65,860 | -€27,059 | -29.1% |
| Amounts payable within one year | 42/48 | €92,919 | €65,860 | -€27,059 | -29.1% |
| Trade debts | 44 | €27,656 | €21,504 | -€6,152 | -22.2% |
| Suppliers | 440/4 | €27,656 | €21,504 | -€6,152 | -22.2% |
| Taxes, remuneration and social security | 45 | €18,215 | €757 | -€17,458 | -95.8% |
| Taxes | 450/3 | €13,388 | €757 | -€12,631 | -94.3% |
| Remuneration and social security | 454/9 | €4,827 | - | -€4,827 | |
| Other amounts payable | 47/48 | €47,048 | €43,599 | -€3,448 | -7.3% |
| Remuneration, social security and pensions | 62 | €18,238 | €9,842 | -€8,396 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,467 | €17,330 | -€1,137 | -6.2% |
| Other operating charges | 640/8 | €296 | €1,017 | +€720 | +243% |
| Gross operating margin | 9900 | €18,321 | €33,435 | +€15,114 | +82.5% |
| Operating profit (loss) | 9901 | -€18,680 | €5,247 | +€23,927 | |
| Financial charges | 65/66B | €1,369 | €1,638 | +€269 | +19.6% |
| Recurring financial charges | 65 | €1,369 | €1,638 | +€269 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,050 | €3,609 | +€23,659 | |
| Profit (loss) for the period | 9904 | -€20,050 | €3,609 | +€23,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,050 | €3,609 | +€23,659 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.