FERME VAESSEN: 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 VAESSEN
Largest movements
- Receivables within one year -€48,019
down €48,019 (-44.0%), from €109,200 to €61,181
of which Trade receivables: -€45,726
- Stocks and contracts +€20,385
up €20,385 (+36.0%), from €56,644 to €77,029
- Deferred charges and accrued income +€15,000
new in 2025: €15,000
- Cash -€12,250
down €12,250 (-48.6%), from €25,208 to €12,958
mainly Trade debts (-€87,219) and Stocks and contracts (-€20,385)
- Trade debts -€87,219
down €87,219 (-85.8%), from €101,616 to €14,396
- Profit (loss) carried forward +€28,983
up €28,983 (+212%), from €13,689 to €42,672
- Other debts +€25,832
up €25,832 (+56.5%), from €45,747 to €71,579
- Advances received +€7,520
new in 2025: €7,520
- Gross operating margin +€19,017
up €19,017 (+92.9%), from €20,463 to €39,480
- Taxes +€5,127
up €5,127 (+112%), from €4,563 to €9,690
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 | €191,052 | €166,168 | -€24,884 | -13.0% |
| Current assets | 29/58 | €191,052 | €166,168 | -€24,884 | -13.0% |
| Stocks and contracts in progress | 3 | €56,644 | €77,029 | +€20,385 | +36.0% |
| Stocks | 30/36 | €56,644 | €77,029 | +€20,385 | +36.0% |
| Amounts receivable within one year | 40/41 | €109,200 | €61,181 | -€48,019 | -44.0% |
| Trade receivables | 40 | €105,284 | €59,557 | -€45,726 | -43.4% |
| Other amounts receivable | 41 | €3,917 | €1,624 | -€2,293 | -58.5% |
| Cash at bank and in hand | 54/58 | €25,208 | €12,958 | -€12,250 | -48.6% |
| Deferred charges and accrued income | 490/1 | - | €15,000 | +€15,000 | |
| Total equity and liabilities | 10/49 | €191,052 | €166,168 | -€24,884 | -13.0% |
| Equity | 10/15 | €43,689 | €72,672 | +€28,983 | +66.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,689 | €42,672 | +€28,983 | +212% |
| Amounts payable | 17/49 | €147,363 | €93,496 | -€53,867 | -36.6% |
| Amounts payable within one year | 42/48 | €147,363 | €93,496 | -€53,867 | -36.6% |
| Trade debts | 44 | €101,616 | €14,396 | -€87,219 | -85.8% |
| Suppliers | 440/4 | €101,616 | €14,396 | -€87,219 | -85.8% |
| Advances received on contracts in progress | 46 | - | €7,520 | +€7,520 | |
| Other amounts payable | 47/48 | €45,747 | €71,579 | +€25,832 | +56.5% |
| Other operating charges | 640/8 | €1,069 | €696 | -€372 | -34.8% |
| Gross operating margin | 9900 | €20,463 | €39,480 | +€19,017 | +92.9% |
| Operating profit (loss) | 9901 | €19,394 | €38,784 | +€19,390 | +100.0% |
| Financial income | 75/76B | €19 | €95 | +€76 | +411% |
| Recurring financial income | 75 | €19 | €95 | +€76 | +411% |
| Financial charges | 65/66B | €17 | €206 | +€188 | +1,078% |
| Recurring financial charges | 65 | €17 | €206 | +€188 | +1,078% |
| Profit (loss) for the period before taxes | 9903 | €19,395 | €38,673 | +€19,278 | +99.4% |
| Income taxes | 67/77 | €4,563 | €9,690 | +€5,127 | +112% |
| Profit (loss) for the period | 9904 | €14,832 | €28,983 | +€14,151 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,832 | €28,983 | +€14,151 | +95.4% |
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 31 October 2026 via checked.be.