FERMENTED PRODUCT PARTNER: 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.
FERMENTED PRODUCT PARTNER
Largest movements
- Cash +€45,289
up €45,289 (+9.7%), from €465,618 to €510,908
mainly Other debts (+€101,108) and Receivables within one year (+€28,970)
- Financial fixed assets -€40,460
down €40,460 (-15.3%), from €263,676 to €223,215
- Receivables within one year -€28,970
down €28,970 (-18.7%), from €154,700 to €125,730
of which Trade receivables: -€29,720
- Tangible fixed assets +€16,999
up €16,999 (+70.8%), from €24,010 to €41,009
of which Furniture and vehicles: +€21,945
- Other debts +€101,108
up €101,108 (+46,000%), from €220 to €101,328
- Reserves -€100,000
down €100,000 (-42.7%), from €234,400 to €134,400
of which Distributable reserves: -€100,000
- Gross operating margin -€114,673
down €114,673 (-44.0%), from €260,336 to €145,663
- Staff costs -€114,058
down €114,058 (-51.7%), from €220,778 to €106,720
- Financial charges +€20,706
up €20,706 (+3,275%), from €632 to €21,338
of which Non-recurring financial charges: +€21,199
- Financial income +€4,935
up €4,935 (+75.5%), from €6,539 to €11,474
of which Non-recurring financial income: +€7,000
- Depreciation +€4,900
up €4,900 (+44.1%), from €11,109 to €16,009
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 | €926,378 | €919,916 | -€6,463 | -0.7% |
| Fixed assets | 21/28 | €287,686 | €264,224 | -€23,461 | -8.2% |
| Tangible fixed assets | 22/27 | €24,010 | €41,009 | +€16,999 | +70.8% |
| Plant, machinery and equipment | 23 | €6,495 | €1,549 | -€4,946 | -76.2% |
| Furniture and vehicles | 24 | €17,515 | €39,460 | +€21,945 | +125% |
| Financial fixed assets | 28 | €263,676 | €223,215 | -€40,460 | -15.3% |
| Current assets | 29/58 | €638,692 | €655,691 | +€16,999 | +2.7% |
| Stocks and contracts in progress | 3 | €17,124 | €17,833 | +€709 | +4.1% |
| Stocks | 30/36 | €17,124 | €17,833 | +€709 | +4.1% |
| Amounts receivable within one year | 40/41 | €154,700 | €125,730 | -€28,970 | -18.7% |
| Trade receivables | 40 | €139,900 | €110,180 | -€29,720 | -21.2% |
| Other amounts receivable | 41 | €14,800 | €15,550 | +€750 | +5.1% |
| Cash at bank and in hand | 54/58 | €465,618 | €510,908 | +€45,289 | +9.7% |
| Deferred charges and accrued income | 490/1 | €1,249 | €1,220 | -€30 | -2.4% |
| Total equity and liabilities | 10/49 | €926,378 | €919,916 | -€6,463 | -0.7% |
| Equity | 10/15 | €879,585 | €787,717 | -€91,868 | -10.4% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €234,400 | €134,400 | -€100,000 | -42.7% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €228,000 | €128,000 | -€100,000 | -43.9% |
| Profit (loss) carried forward | 14 | €581,185 | €589,317 | +€8,132 | +1.4% |
| Amounts payable | 17/49 | €46,793 | €132,199 | +€85,405 | +183% |
| Amounts payable within one year | 42/48 | €46,793 | €132,199 | +€85,405 | +183% |
| Trade debts | 44 | €9,805 | €710 | -€9,096 | -92.8% |
| Suppliers | 440/4 | €9,805 | €710 | -€9,096 | -92.8% |
| Taxes, remuneration and social security | 45 | €36,768 | €30,161 | -€6,607 | -18.0% |
| Taxes | 450/3 | €23,030 | €20,853 | -€2,177 | -9.5% |
| Remuneration and social security | 454/9 | €13,738 | €9,309 | -€4,430 | -32.2% |
| Other amounts payable | 47/48 | €220 | €101,328 | +€101,108 | +46,000% |
| Remuneration, social security and pensions | 62 | €220,778 | €106,720 | -€114,058 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,109 | €16,009 | +€4,900 | +44.1% |
| Other operating charges | 640/8 | €2,372 | €3,962 | +€1,590 | +67.0% |
| Gross operating margin | 9900 | €260,336 | €145,663 | -€114,673 | -44.0% |
| Operating profit (loss) | 9901 | €26,077 | €18,972 | -€7,104 | -27.2% |
| Financial income | 75/76B | €6,539 | €11,474 | +€4,935 | +75.5% |
| Recurring financial income | 75 | €6,539 | €4,474 | -€2,065 | -31.6% |
| Non-recurring financial income | 76B | - | €7,000 | +€7,000 | |
| Financial charges | 65/66B | €632 | €21,338 | +€20,706 | +3,275% |
| Recurring financial charges | 65 | €632 | €139 | -€493 | -77.9% |
| Non-recurring financial charges | 66B | - | €21,199 | +€21,199 | |
| Profit (loss) for the period before taxes | 9903 | €31,984 | €9,108 | -€22,876 | -71.5% |
| Income taxes | 67/77 | €3,228 | €976 | -€2,252 | -69.8% |
| Profit (loss) for the period | 9904 | €28,756 | €8,132 | -€20,624 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,756 | €8,132 | -€20,624 | -71.7% |
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 19 October 2026 via checked.be.