FERMfeest: 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.
FERMfeest
Largest movements
- Tangible fixed assets -€25,063
down €25,063 (-20.1%), from €124,832 to €99,769
of which Furniture and vehicles: -€12,955
- Cash -€12,827
down €12,827 (-18.2%), from €70,344 to €57,517
mainly Other debts (-€36,730) and Debts after one year (-€16,180)
- Stocks and contracts +€7,906
new in 2025: €7,906
- Receivables within one year +€2,409
up €2,409 (+10.3%), from €23,347 to €25,756
of which Trade receivables: +€1,310
- Other debts -€36,730
down €36,730 (-68.8%), from €53,388 to €16,658
- Debts after one year -€16,180
down €16,180 (-50.6%), from €32,000 to €15,820
- Reserves +€15,387
up €15,387 (+30.0%), from €51,261 to €66,649
- Tax, wage and social debts +€9,327
up €9,327 (+215.7%), from €4,324 to €13,651
of which Taxes: +€4,833
- Current portion of long-term debt +€7,894
new in 2025: €7,894
- Gross operating margin -€26,421
down €26,421 (-23.6%), from €112,080 to €85,659
- Taxes -€11,534
down €11,534 (-62.1%), from €18,584 to €7,050
- Depreciation +€11,283
up €11,283 (+65.3%), from €17,280 to €28,563
- Staff costs +€8,298
up €8,298 (+33.8%), from €24,517 to €32,816
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 | €219,885 | €192,110 | -€27,776 | -12.6% |
| Fixed assets | 21/28 | €125,088 | €99,952 | -€25,137 | -20.1% |
| Tangible fixed assets | 22/27 | €124,832 | €99,769 | -€25,063 | -20.1% |
| Plant, machinery and equipment | 23 | €48,815 | €36,708 | -€12,108 | -24.8% |
| Furniture and vehicles | 24 | €76,017 | €63,061 | -€12,955 | -17.0% |
| Financial fixed assets | 28 | €256 | €183 | -€74 | -28.7% |
| Current assets | 29/58 | €94,797 | €92,158 | -€2,639 | -2.8% |
| Stocks and contracts in progress | 3 | - | €7,906 | +€7,906 | |
| Stocks | 30/36 | - | €7,906 | +€7,906 | |
| Amounts receivable within one year | 40/41 | €23,347 | €25,756 | +€2,409 | +10.3% |
| Trade receivables | 40 | €80 | €1,390 | +€1,310 | +1638.1% |
| Other amounts receivable | 41 | €23,267 | €24,365 | +€1,098 | +4.7% |
| Cash at bank and in hand | 54/58 | €70,344 | €57,517 | -€12,827 | -18.2% |
| Deferred charges and accrued income | 490/1 | €1,106 | €979 | -€127 | -11.5% |
| Total equity and liabilities | 10/49 | €219,885 | €192,110 | -€27,776 | -12.6% |
| Equity | 10/15 | €52,761 | €68,149 | +€15,387 | +29.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €51,261 | €66,649 | +€15,387 | +30.0% |
| Distributable reserves | 133 | €51,261 | €66,649 | +€15,387 | +30.0% |
| Amounts payable | 17/49 | €167,124 | €123,961 | -€43,163 | -25.8% |
| Amounts payable after more than one year | 17 | €32,000 | €15,820 | -€16,180 | -50.6% |
| Financial debts | 170/4 | €32,000 | €15,820 | -€16,180 | -50.6% |
| Amounts payable within one year | 42/48 | €135,124 | €108,141 | -€26,983 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,894 | +€7,894 | |
| Trade debts | 44 | €6,123 | €6,001 | -€123 | -2.0% |
| Suppliers | 440/4 | €6,123 | €6,001 | -€123 | -2.0% |
| Advances received on contracts in progress | 46 | €71,289 | €63,937 | -€7,352 | -10.3% |
| Taxes, remuneration and social security | 45 | €4,324 | €13,651 | +€9,327 | +215.7% |
| Taxes | 450/3 | - | €4,833 | +€4,833 | |
| Remuneration and social security | 454/9 | €4,324 | €8,818 | +€4,494 | +103.9% |
| Other amounts payable | 47/48 | €53,388 | €16,658 | -€36,730 | -68.8% |
| Remuneration, social security and pensions | 62 | €24,517 | €32,816 | +€8,298 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,280 | €28,563 | +€11,283 | +65.3% |
| Other operating charges | 640/8 | €589 | €1,027 | +€438 | +74.4% |
| Gross operating margin | 9900 | €112,080 | €85,659 | -€26,421 | -23.6% |
| Operating profit (loss) | 9901 | €69,694 | €23,253 | -€46,440 | -66.6% |
| Financial income | 75/76B | €323 | €264 | -€59 | -18.3% |
| Recurring financial income | 75 | €323 | €264 | -€59 | -18.3% |
| Financial charges | 65/66B | €171 | €1,080 | +€909 | +530.2% |
| Recurring financial charges | 65 | €96 | €1,080 | +€984 | +1020.6% |
| Non-recurring financial charges | 66B | €75 | - | -€75 | |
| Profit (loss) for the period before taxes | 9903 | €69,846 | €22,438 | -€47,408 | -67.9% |
| Income taxes | 67/77 | €18,584 | €7,050 | -€11,534 | -62.1% |
| Profit (loss) for the period | 9904 | €51,261 | €15,387 | -€35,874 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,261 | €15,387 | -€35,874 | -70.0% |
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 6 October 2026 via checked.be.