FERME D'HOR: what changed
Two financial 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.
FERME D'HOR
Largest movements
- Stocks and contracts +€24,307
up €24,307 (+433%), from €5,609 to €29,916
- Receivables within one year -€13,131
down €13,131 (-31.9%), from €41,175 to €28,045
of which Trade receivables: -€13,002
- Cash -€5,559
down €5,559 (-7.4%), from €75,532 to €69,973
mainly Stocks and contracts (-€24,307) and Trade debts (-€936)
- Profit (loss) carried forward +€6,874
up €6,874 (+690%), from €996 to €7,870
- Taxes +€1,958
up €1,958 (+533%), from €367 to €2,326
- Gross operating margin +€1,009
up €1,009 (+11.7%), from €8,657 to €9,666
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.
Derived cash bridge
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 | €122,317 | €127,934 | +€5,617 | +4.6% |
| Current assets | 29/58 | €122,317 | €127,934 | +€5,617 | +4.6% |
| Stocks and contracts in progress | 3 | €5,609 | €29,916 | +€24,307 | +433% |
| Stocks | 30/36 | €5,609 | €29,916 | +€24,307 | +433% |
| Amounts receivable within one year | 40/41 | €41,175 | €28,045 | -€13,131 | -31.9% |
| Trade receivables | 40 | €30,196 | €17,194 | -€13,002 | -43.1% |
| Other amounts receivable | 41 | €10,979 | €10,851 | -€128 | -1.2% |
| Cash at bank and in hand | 54/58 | €75,532 | €69,973 | -€5,559 | -7.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €122,317 | €127,934 | +€5,617 | +4.6% |
| Equity | 10/15 | €106,430 | €113,304 | +€6,874 | +6.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €86,842 | €86,842 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,150 | €1,150 | = | 0.0% |
| Distributable reserves | 133 | €85,692 | €85,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | €996 | €7,870 | +€6,874 | +690% |
| Amounts payable | 17/49 | €15,887 | €14,630 | -€1,257 | -7.9% |
| Amounts payable within one year | 42/48 | €12,505 | €11,153 | -€1,353 | -10.8% |
| Trade debts | 44 | €3,844 | €2,908 | -€936 | -24.4% |
| Suppliers | 440/4 | €3,844 | €2,908 | -€936 | -24.4% |
| Advances received on contracts in progress | 46 | €8,224 | €7,300 | -€925 | -11.2% |
| Taxes, remuneration and social security | 45 | - | €222 | +€222 | |
| Taxes | 450/3 | - | €222 | +€222 | |
| Other amounts payable | 47/48 | €437 | €723 | +€286 | +65.5% |
| Accrued charges and deferred income | 492/3 | €3,381 | €3,477 | +€96 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €412 | €425 | +€13 | +3.3% |
| Gross operating margin | 9900 | €8,657 | €9,666 | +€1,009 | +11.7% |
| Operating profit (loss) | 9901 | €8,245 | €9,240 | +€995 | +12.1% |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €42 | €50 | +€8 | +19.0% |
| Recurring financial charges | 65 | €42 | €50 | +€8 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €8,203 | €9,200 | +€997 | +12.2% |
| Income taxes | 67/77 | €367 | €2,326 | +€1,958 | +533% |
| Profit (loss) for the period | 9904 | €7,836 | €6,874 | -€961 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,836 | €6,874 | -€961 | -12.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.