FerMed: what changed
Two fiscal 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.
FerMed
Largest movements
- Cash +€38,115
up €38,115 (+69.7%), from €54,693 to €92,808
mainly Net result for the year (+€54,739) and Deferred charges and accrued income (+€28,819)
- Current investments +€36,504
up €36,504 (+36.2%), from €100,716 to €137,220
- Deferred charges and accrued income -€28,819
down €28,819 (-71.4%), from €40,348 to €11,529
- Tangible fixed assets -€4,309
down €4,309 (-34.9%), from €12,337 to €8,028
- Reserves +€54,739
up €54,739 (+32.3%), from €169,331 to €224,070
- Tax, wage and social debts -€16,628
down €16,628 (-44.1%), from €37,700 to €21,072
- Trade debts +€2,989
up €2,989 (+12270.8%), from €24 to €3,014
- Gross operating margin -€43,275
down €43,275 (-33.9%), from €127,622 to €84,347
- Taxes -€16,525
down €16,525 (-43.7%), from €37,799 to €21,275
- Depreciation +€3,720
up €3,720 (+632.0%), from €589 to €4,309
- Financial charges +€2,539
up €2,539 (+339.2%), from €749 to €3,288
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.
Cash bridge derived
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 | €208,094 | €249,586 | +€41,492 | +19.9% |
| Fixed assets | 21/28 | €12,337 | €8,028 | -€4,309 | -34.9% |
| Tangible fixed assets | 22/27 | €12,337 | €8,028 | -€4,309 | -34.9% |
| Furniture and vehicles | 24 | €12,337 | €8,028 | -€4,309 | -34.9% |
| Current assets | 29/58 | €195,757 | €241,557 | +€45,800 | +23.4% |
| Current investments | 50/53 | €100,716 | €137,220 | +€36,504 | +36.2% |
| Cash at bank and in hand | 54/58 | €54,693 | €92,808 | +€38,115 | +69.7% |
| Deferred charges and accrued income | 490/1 | €40,348 | €11,529 | -€28,819 | -71.4% |
| Total equity and liabilities | 10/49 | €208,094 | €249,586 | +€41,492 | +19.9% |
| Equity | 10/15 | €169,331 | €224,070 | +€54,739 | +32.3% |
| Reserves | 13 | €169,331 | €224,070 | +€54,739 | +32.3% |
| Distributable reserves | 133 | €169,331 | €224,070 | +€54,739 | +32.3% |
| Amounts payable | 17/49 | €38,763 | €25,516 | -€13,247 | -34.2% |
| Amounts payable within one year | 42/48 | €38,664 | €25,516 | -€13,148 | -34.0% |
| Trade debts | 44 | €24 | €3,014 | +€2,989 | +12270.8% |
| Suppliers | 440/4 | €24 | €3,014 | +€2,989 | +12270.8% |
| Taxes, remuneration and social security | 45 | €37,700 | €21,072 | -€16,628 | -44.1% |
| Taxes | 450/3 | €37,700 | €21,072 | -€16,628 | -44.1% |
| Other amounts payable | 47/48 | €939 | €1,430 | +€491 | +52.3% |
| Accrued charges and deferred income | 492/3 | €99 | - | -€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589 | €4,309 | +€3,720 | +632.0% |
| Other operating charges | 640/8 | €980 | €1,413 | +€433 | +44.2% |
| Gross operating margin | 9900 | €127,622 | €84,347 | -€43,275 | -33.9% |
| Operating profit (loss) | 9901 | €126,054 | €78,626 | -€47,428 | -37.6% |
| Financial income | 75/76B | €1,047 | €676 | -€372 | -35.5% |
| Recurring financial income | 75 | €1,047 | €676 | -€372 | -35.5% |
| Financial charges | 65/66B | €749 | €3,288 | +€2,539 | +339.2% |
| Recurring financial charges | 65 | €749 | €3,288 | +€2,539 | +339.2% |
| Profit (loss) for the period before taxes | 9903 | €126,352 | €76,014 | -€50,339 | -39.8% |
| Income taxes | 67/77 | €37,799 | €21,275 | -€16,525 | -43.7% |
| Profit (loss) for the period | 9904 | €88,553 | €54,739 | -€33,814 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,553 | €54,739 | -€33,814 | -38.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.