FERMENTHINGS: 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.
FERMENTHINGS
Largest movements
- Tangible fixed assets -€4,746
down €4,746 (-29.2%), from €16,227 to €11,481
of which Plant, machinery and equipment: -€4,321
- Cash -€4,417
down €4,417 (-6.7%), from €66,162 to €61,745
mainly Receivables within one year (-€4,283) and Other debts (-€3,450)
- Receivables within one year +€4,283
up €4,283 (+20.1%), from €21,265 to €25,548
of which Trade receivables: +€6,997
- Stocks and contracts +€2,393
up €2,393 (+26.2%), from €9,120 to €11,513
- Other debts -€3,450
down €3,450 (-55.8%), from €6,178 to €2,728
- Profit (loss) carried forward +€1,632
up €1,632 (+3.1%), from €52,011 to €53,643
- Turnover -€256,652
no longer reported in 2025 (was €256,652)
- Purchases and services -€169,606
no longer reported in 2025 (was €169,606)
- Gross operating margin -€59,325
down €59,325 (-68.2%), from €87,046 to €27,721
- Staff costs -€35,577
down €35,577 (-97.7%), from €36,416 to €839
- Taxes +€6,969
up €6,969 (+378%), from €1,845 to €8,814
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 | €125,863 | €123,376 | -€2,487 | -2.0% |
| Fixed assets | 21/28 | €29,316 | €24,571 | -€4,746 | -16.2% |
| Tangible fixed assets | 22/27 | €16,227 | €11,481 | -€4,746 | -29.2% |
| Plant, machinery and equipment | 23 | €14,952 | €10,631 | -€4,321 | -28.9% |
| Furniture and vehicles | 24 | €1,275 | €850 | -€425 | -33.3% |
| Financial fixed assets | 28 | €13,089 | €13,089 | = | 0.0% |
| Current assets | 29/58 | €96,546 | €98,805 | +€2,259 | +2.3% |
| Stocks and contracts in progress | 3 | €9,120 | €11,513 | +€2,393 | +26.2% |
| Stocks | 30/36 | €9,120 | €11,513 | +€2,393 | +26.2% |
| Amounts receivable within one year | 40/41 | €21,265 | €25,548 | +€4,283 | +20.1% |
| Trade receivables | 40 | €7,514 | €14,511 | +€6,997 | +93.1% |
| Other amounts receivable | 41 | €13,750 | €11,037 | -€2,713 | -19.7% |
| Cash at bank and in hand | 54/58 | €66,162 | €61,745 | -€4,417 | -6.7% |
| Total equity and liabilities | 10/49 | €125,863 | €123,376 | -€2,487 | -2.0% |
| Equity | 10/15 | €85,634 | €87,266 | +€1,632 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,023 | €1,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,023 | €1,023 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,023 | €1,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,011 | €53,643 | +€1,632 | +3.1% |
| Investment grants | 15 | €14,000 | €14,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,651 | €5,651 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,651 | €5,651 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,651 | €5,651 | = | 0.0% |
| Amounts payable | 17/49 | €34,578 | €30,459 | -€4,119 | -11.9% |
| Amounts payable within one year | 42/48 | €34,178 | €30,059 | -€4,119 | -12.1% |
| Trade debts | 44 | €27,013 | €26,850 | -€163 | -0.6% |
| Suppliers | 440/4 | €27,013 | €26,850 | -€163 | -0.6% |
| Taxes, remuneration and social security | 45 | €987 | €481 | -€506 | -51.3% |
| Taxes | 450/3 | €987 | €481 | -€506 | -51.3% |
| Other amounts payable | 47/48 | €6,178 | €2,728 | -€3,450 | -55.8% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Turnover | 70 | €256,652 | - | -€256,652 | |
| Goods, raw materials, services and sundry goods | 60/61 | €169,606 | - | -€169,606 | |
| Remuneration, social security and pensions | 62 | €36,416 | €839 | -€35,577 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,045 | €6,294 | -€751 | -10.7% |
| Other operating charges | 640/8 | €473 | €214 | -€260 | -54.8% |
| Non-recurring operating charges | 66A | €89 | €213 | +€124 | +139% |
| Gross operating margin | 9900 | €87,046 | €27,721 | -€59,325 | -68.2% |
| Operating profit (loss) | 9901 | €43,022 | €20,161 | -€22,862 | -53.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,664 | €9,715 | +€1,050 | +12.1% |
| Recurring financial charges | 65 | €8,664 | €9,715 | +€1,050 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €34,358 | €10,446 | -€23,912 | -69.6% |
| Income taxes | 67/77 | €1,845 | €8,814 | +€6,969 | +378% |
| Profit (loss) for the period | 9904 | €32,513 | €1,632 | -€30,881 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,513 | €1,632 | -€30,881 | -95.0% |
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 21 October 2026 via checked.be.