FERME JANSEN: 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 JANSEN
Largest movements
- Tangible fixed assets -€97,600
down €97,600 (-14.9%), from €654,962 to €557,362
of which Plant, machinery and equipment: -€62,989
- Cash +€11,536
up €11,536 (+9.3%), from €124,403 to €135,939
mainly Depreciation (+€104,155) and Contributions, distributions and other (+€15,256)
- Debts after one year -€46,100
down €46,100 (-24.6%), from €187,150 to €141,050
- Other debts -€32,165
down €32,165 (-20.2%), from €158,889 to €126,725
- Tax, wage and social debts -€15,283
down €15,283 (-84.3%), from €18,124 to €2,841
of which Taxes: -€15,283
- Investment grants +€15,256
up €15,256 (+27.6%), from €55,357 to €70,613
- Gross operating margin -€89,310
down €89,310 (-44.4%), from €201,147 to €111,836
- Taxes -€17,567
down €17,567 (-69.5%), from €25,283 to €7,716
- Staff costs -€14,467
down €14,467 (-80.9%), from €17,893 to €3,426
- Financial income +€3,427
up €3,427 (+51.3%), from €6,683 to €10,110
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 | €989,347 | €905,792 | -€83,555 | -8.4% |
| Fixed assets | 21/28 | €714,284 | €611,909 | -€102,375 | -14.3% |
| Intangible fixed assets | 21 | €59,322 | €54,547 | -€4,774 | -8.0% |
| Tangible fixed assets | 22/27 | €654,962 | €557,362 | -€97,600 | -14.9% |
| Land and buildings | 22 | €239,540 | €215,586 | -€23,954 | -10.0% |
| Plant, machinery and equipment | 23 | €374,571 | €311,581 | -€62,989 | -16.8% |
| Furniture and vehicles | 24 | €40,852 | €30,195 | -€10,657 | -26.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €275,063 | €293,883 | +€18,820 | +6.8% |
| Stocks and contracts in progress | 3 | €35,885 | €43,685 | +€7,800 | +21.7% |
| Stocks | 30/36 | €35,885 | €43,685 | +€7,800 | +21.7% |
| Amounts receivable within one year | 40/41 | €94,973 | €86,317 | -€8,656 | -9.1% |
| Trade receivables | 40 | €84,176 | €52,318 | -€31,858 | -37.8% |
| Other amounts receivable | 41 | €10,797 | €33,999 | +€23,202 | +215% |
| Current investments | 50/53 | €1,860 | €6,200 | +€4,340 | +233% |
| Cash at bank and in hand | 54/58 | €124,403 | €135,939 | +€11,536 | +9.3% |
| Deferred charges and accrued income | 490/1 | €17,942 | €21,741 | +€3,800 | +21.2% |
| Total equity and liabilities | 10/49 | €989,347 | €905,792 | -€83,555 | -8.4% |
| Equity | 10/15 | €517,028 | €538,778 | +€21,751 | +4.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €449,171 | €455,666 | +€6,495 | +1.4% |
| Non-distributable reserves | 130/1 | €5,690 | €5,690 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,690 | €5,690 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,272 | €79,451 | -€16,821 | -17.5% |
| Distributable reserves | 133 | €347,208 | €370,525 | +€23,317 | +6.7% |
| Investment grants | 15 | €55,357 | €70,613 | +€15,256 | +27.6% |
| Provisions and deferred taxes | 16 | €32,091 | €26,484 | -€5,607 | -17.5% |
| Deferred taxes | 168 | €32,091 | €26,484 | -€5,607 | -17.5% |
| Amounts payable | 17/49 | €440,228 | €340,530 | -€99,698 | -22.6% |
| Amounts payable after more than one year | 17 | €187,150 | €141,050 | -€46,100 | -24.6% |
| Financial debts | 170/4 | €187,150 | €141,050 | -€46,100 | -24.6% |
| Amounts payable within one year | 42/48 | €253,078 | €199,480 | -€53,598 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €54,850 | €46,100 | -€8,750 | -16.0% |
| Trade debts | 44 | €21,214 | €23,814 | +€2,599 | +12.3% |
| Suppliers | 440/4 | €21,214 | €23,814 | +€2,599 | +12.3% |
| Taxes, remuneration and social security | 45 | €18,124 | €2,841 | -€15,283 | -84.3% |
| Taxes | 450/3 | €18,124 | €2,841 | -€15,283 | -84.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €158,889 | €126,725 | -€32,165 | -20.2% |
| Remuneration, social security and pensions | 62 | €17,893 | €3,426 | -€14,467 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,907 | €104,155 | +€247 | +0.2% |
| Other operating charges | 640/8 | €3,187 | €1,992 | -€1,194 | -37.5% |
| Gross operating margin | 9900 | €201,147 | €111,836 | -€89,310 | -44.4% |
| Operating profit (loss) | 9901 | €76,160 | €2,263 | -€73,897 | -97.0% |
| Financial income | 75/76B | €6,683 | €10,110 | +€3,427 | +51.3% |
| Recurring financial income | 75 | €6,683 | €10,110 | +€3,427 | +51.3% |
| Financial charges | 65/66B | €5,209 | €3,769 | -€1,440 | -27.6% |
| Recurring financial charges | 65 | €5,209 | €3,769 | -€1,440 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €77,635 | €8,604 | -€69,031 | -88.9% |
| Transfer from deferred taxes | 780 | €5,607 | €5,607 | = | 0.0% |
| Income taxes | 67/77 | €25,283 | €7,716 | -€17,567 | -69.5% |
| Profit (loss) for the period | 9904 | €57,958 | €6,495 | -€51,463 | -88.8% |
| Transfer from tax-exempt reserves | 789 | €16,821 | €16,821 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,780 | €23,317 | -€51,463 | -68.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.