FERME FOURMANOY: 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 FOURMANOY
Largest movements
- Tangible fixed assets +€25,507
up €25,507 (+17.8%), from €143,168 to €168,675
of which Plant, machinery and equipment: +€31,172
- Current investments -€9,563
down €9,563 (-4.9%), from €195,019 to €185,456
- Cash +€8,519
new in 2025: €8,519
mainly Depreciation (+€28,928) and Net result for the year (+€16,171)
- Deferred charges and accrued income -€7,579
no longer reported in 2025 (was €7,579)
- Reserves +€15,808
up €15,808 (+7.2%), from €219,199 to €235,007
of which Distributable reserves: +€15,000
- Investment grants -€4,820
down €4,820 (-18.7%), from €25,720 to €20,900
- Turnover +€10,269
up €10,269 (+4.4%), from €231,553 to €241,822
- Gross operating margin +€6,026
up €6,026 (+6.4%), from €93,571 to €99,597
- Purchases and services +€4,243
up €4,243 (+3.1%), from €137,982 to €142,225
- Depreciation +€2,625
up €2,625 (+10.0%), from €26,303 to €28,928
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 | €360,500 | €375,328 | +€14,828 | +4.1% |
| Fixed assets | 21/28 | €143,168 | €168,675 | +€25,507 | +17.8% |
| Tangible fixed assets | 22/27 | €143,168 | €168,675 | +€25,507 | +17.8% |
| Plant, machinery and equipment | 23 | €136,607 | €167,779 | +€31,172 | +22.8% |
| Furniture and vehicles | 24 | €1,196 | €896 | -€300 | -25.1% |
| Assets under construction and advance payments | 27 | €5,365 | - | -€5,365 | |
| Current assets | 29/58 | €217,332 | €206,653 | -€10,679 | -4.9% |
| Stocks and contracts in progress | 3 | €8,363 | €9,281 | +€918 | +11.0% |
| Stocks | 30/36 | €8,363 | €9,281 | +€918 | +11.0% |
| Amounts receivable within one year | 40/41 | €6,371 | €3,397 | -€2,974 | -46.7% |
| Trade receivables | 40 | €4,670 | €2,296 | -€2,374 | -50.8% |
| Other amounts receivable | 41 | €1,701 | €1,101 | -€600 | -35.3% |
| Current investments | 50/53 | €195,019 | €185,456 | -€9,563 | -4.9% |
| Cash at bank and in hand | 54/58 | - | €8,519 | +€8,519 | |
| Deferred charges and accrued income | 490/1 | €7,579 | - | -€7,579 | |
| Total equity and liabilities | 10/49 | €360,500 | €375,328 | +€14,828 | +4.1% |
| Equity | 10/15 | €358,180 | €369,532 | +€11,352 | +3.2% |
| Contributions | 10/11 | €112,500 | €112,500 | = | 0.0% |
| Reserves | 13 | €219,199 | €235,007 | +€15,808 | +7.2% |
| Non-distributable reserves | 130/1 | €11,199 | €12,007 | +€808 | +7.2% |
| Reserves not available under the articles | 1311 | €11,199 | €12,007 | +€808 | +7.2% |
| Distributable reserves | 133 | €208,000 | €223,000 | +€15,000 | +7.2% |
| Profit (loss) carried forward | 14 | €761 | €1,125 | +€364 | +47.8% |
| Investment grants | 15 | €25,720 | €20,900 | -€4,820 | -18.7% |
| Amounts payable | 17/49 | €2,320 | €5,796 | +€3,476 | +150% |
| Amounts payable within one year | 42/48 | €2,320 | €5,796 | +€3,476 | +150% |
| Trade debts | 44 | €591 | €2,380 | +€1,789 | +303% |
| Suppliers | 440/4 | €591 | €2,380 | +€1,789 | +303% |
| Taxes, remuneration and social security | 45 | €1,729 | €3,416 | +€1,687 | +97.6% |
| Taxes | 450/3 | €1,729 | €3,394 | +€1,665 | +96.3% |
| Remuneration and social security | 454/9 | - | €22 | +€22 | |
| Turnover | 70 | €231,553 | €241,822 | +€10,269 | +4.4% |
| Non-recurring operating income | 76A | €30 | - | -€30 | |
| Goods, raw materials, services and sundry goods | 60/61 | €137,982 | €142,225 | +€4,243 | +3.1% |
| Remuneration, social security and pensions | 62 | €53,972 | €56,205 | +€2,233 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,303 | €28,928 | +€2,625 | +10.0% |
| Other operating charges | 640/8 | €2,434 | €2,482 | +€48 | +2.0% |
| Gross operating margin | 9900 | €93,571 | €99,597 | +€6,026 | +6.4% |
| Operating profit (loss) | 9901 | €10,862 | €11,982 | +€1,120 | +10.3% |
| Financial income | 75/76B | €5,972 | €7,510 | +€1,538 | +25.8% |
| Recurring financial income | 75 | €5,972 | €7,510 | +€1,538 | +25.8% |
| Financial charges | 65/66B | €66 | €144 | +€78 | +118% |
| Recurring financial charges | 65 | €66 | €144 | +€78 | +118% |
| Profit (loss) for the period before taxes | 9903 | €16,768 | €19,348 | +€2,580 | +15.4% |
| Income taxes | 67/77 | €2,978 | €3,177 | +€199 | +6.7% |
| Profit (loss) for the period | 9904 | €13,790 | €16,171 | +€2,381 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,790 | €16,171 | +€2,381 | +17.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.