FERMETTE: 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.
FERMETTE
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-85.3%), from €23,443 to €3,443
- Cash -€18,780
down €18,780 (-51.7%), from €36,351 to €17,570
mainly Debts after one year (-€21,006) and Other debts (-€20,326)
- Tangible fixed assets -€16,709
down €16,709 (-26.4%), from €63,344 to €46,636
of which Plant, machinery and equipment: -€13,959
- Receivables within one year +€9,681
up €9,681 (+532%), from €1,819 to €11,499
of which Other amounts receivable: +€9,330
- Financial fixed assets +€2,613
up €2,613 (+11.0%), from €23,700 to €26,313
- Debts after one year -€21,006
down €21,006 (-45.4%), from €46,302 to €25,296
- Other debts -€20,326
down €20,326 (-29.7%), from €68,432 to €48,106
- Trade debts -€13,600
down €13,600 (-76.4%), from €17,801 to €4,201
- Profit (loss) carried forward +€13,500
up €13,500 (+81.6%), from -€16,549 to -€3,050
- Gross operating margin -€51,251
down €51,251 (-42.7%), from €120,006 to €68,754
- Other operating charges -€6,066
down €6,066 (-40.6%), from €14,931 to €8,865
- Depreciation +€2,241
up €2,241 (+5.2%), from €42,742 to €44,983
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 | €153,945 | €112,330 | -€41,616 | -27.0% |
| Fixed assets | 21/28 | €110,487 | €76,391 | -€34,096 | -30.9% |
| Intangible fixed assets | 21 | €23,443 | €3,443 | -€20,000 | -85.3% |
| Tangible fixed assets | 22/27 | €63,344 | €46,636 | -€16,709 | -26.4% |
| Plant, machinery and equipment | 23 | €55,245 | €41,285 | -€13,959 | -25.3% |
| Furniture and vehicles | 24 | €2,657 | €1,604 | -€1,053 | -39.6% |
| Other tangible fixed assets | 26 | €5,443 | €3,746 | -€1,697 | -31.2% |
| Financial fixed assets | 28 | €23,700 | €26,313 | +€2,613 | +11.0% |
| Current assets | 29/58 | €43,458 | €35,938 | -€7,520 | -17.3% |
| Stocks and contracts in progress | 3 | €2,980 | €3,365 | +€384 | +12.9% |
| Stocks | 30/36 | €2,980 | €3,365 | +€384 | +12.9% |
| Amounts receivable within one year | 40/41 | €1,819 | €11,499 | +€9,681 | +532% |
| Trade receivables | 40 | - | €351 | +€351 | |
| Other amounts receivable | 41 | €1,819 | €11,149 | +€9,330 | +513% |
| Cash at bank and in hand | 54/58 | €36,351 | €17,570 | -€18,780 | -51.7% |
| Deferred charges and accrued income | 490/1 | €2,309 | €3,504 | +€1,195 | +51.8% |
| Total equity and liabilities | 10/49 | €153,945 | €112,330 | -€41,616 | -27.0% |
| Equity | 10/15 | -€10,349 | €3,151 | +€13,500 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,549 | -€3,050 | +€13,500 | +81.6% |
| Amounts payable | 17/49 | €164,295 | €109,179 | -€55,116 | -33.5% |
| Amounts payable after more than one year | 17 | €46,302 | €25,296 | -€21,006 | -45.4% |
| Financial debts | 170/4 | €46,302 | €25,296 | -€21,006 | -45.4% |
| Amounts payable within one year | 42/48 | €111,093 | €76,983 | -€34,110 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €24,666 | €24,636 | -€30 | -0.1% |
| Trade debts | 44 | €17,801 | €4,201 | -€13,600 | -76.4% |
| Suppliers | 440/4 | €17,801 | €4,201 | -€13,600 | -76.4% |
| Taxes, remuneration and social security | 45 | €194 | €40 | -€154 | -79.3% |
| Taxes | 450/3 | €194 | €40 | -€154 | -79.3% |
| Other amounts payable | 47/48 | €68,432 | €48,106 | -€20,326 | -29.7% |
| Accrued charges and deferred income | 492/3 | €6,900 | €6,900 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,742 | €44,983 | +€2,241 | +5.2% |
| Other operating charges | 640/8 | €14,931 | €8,865 | -€6,066 | -40.6% |
| Gross operating margin | 9900 | €120,006 | €68,754 | -€51,251 | -42.7% |
| Operating profit (loss) | 9901 | €62,332 | €14,906 | -€47,426 | -76.1% |
| Financial income | 75/76B | - | €508 | +€508 | |
| Recurring financial income | 75 | - | €508 | +€508 | |
| Financial charges | 65/66B | €2,676 | €1,782 | -€893 | -33.4% |
| Recurring financial charges | 65 | €2,676 | €1,782 | -€893 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €59,657 | €13,632 | -€46,025 | -77.1% |
| Income taxes | 67/77 | €140 | €132 | -€8 | -5.4% |
| Profit (loss) for the period | 9904 | €59,517 | €13,500 | -€46,017 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,517 | €13,500 | -€46,017 | -77.3% |
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 17 October 2026 via checked.be.