Fermm.: 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.
Fermm.
Largest movements
- Cash +€17,907
up €17,907 (+53.3%), from €33,607 to €51,513
mainly Net result for the year (+€32,391) and Other debts (+€2,149)
- Current investments +€12,825
up €12,825 (+21.6%), from €59,402 to €72,227
- Deferred charges and accrued income +€1,502
up €1,502, from €0 to €1,502
- Reserves +€32,391
up €32,391 (+36.7%), from €88,171 to €120,563
- Trade debts -€2,434
down €2,434 (-44.1%), from €5,517 to €3,083
- Other debts +€2,149
up €2,149 (+279.4%), from €769 to €2,918
- Gross operating margin +€14,711
up €14,711 (+51.4%), from €28,636 to €43,346
- Taxes +€2,963
up €2,963 (+41.1%), from €7,212 to €10,174
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 | €102,343 | €134,586 | +€32,243 | +31.5% |
| Fixed assets | 21/28 | €9,046 | €9,324 | +€279 | +3.1% |
| Tangible fixed assets | 22/27 | €891 | €1,169 | +€279 | +31.3% |
| Furniture and vehicles | 24 | €891 | €1,169 | +€279 | +31.3% |
| Financial fixed assets | 28 | €8,155 | €8,155 | = | 0.0% |
| Current assets | 29/58 | €93,297 | €125,262 | +€31,965 | +34.3% |
| Amounts receivable within one year | 40/41 | €289 | €20 | -€269 | -93.2% |
| Other amounts receivable | 41 | €289 | €20 | -€269 | -93.2% |
| Current investments | 50/53 | €59,402 | €72,227 | +€12,825 | +21.6% |
| Cash at bank and in hand | 54/58 | €33,607 | €51,513 | +€17,907 | +53.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,502 | +€1,502 | |
| Total equity and liabilities | 10/49 | €102,343 | €134,586 | +€32,243 | +31.5% |
| Equity | 10/15 | €90,671 | €123,063 | +€32,391 | +35.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €88,171 | €120,563 | +€32,391 | +36.7% |
| Distributable reserves | 133 | €88,171 | €120,563 | +€32,391 | +36.7% |
| Amounts payable | 17/49 | €11,671 | €11,523 | -€148 | -1.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €11,671 | €11,523 | -€148 | -1.3% |
| Trade debts | 44 | €5,517 | €3,083 | -€2,434 | -44.1% |
| Suppliers | 440/4 | €5,517 | €3,083 | -€2,434 | -44.1% |
| Taxes, remuneration and social security | 45 | €5,385 | €5,522 | +€137 | +2.5% |
| Taxes | 450/3 | €5,385 | €5,522 | +€137 | +2.5% |
| Other amounts payable | 47/48 | €769 | €2,918 | +€2,149 | +279.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €414 | +€44 | +11.9% |
| Other operating charges | 640/8 | €881 | €520 | -€361 | -41.0% |
| Gross operating margin | 9900 | €28,636 | €43,346 | +€14,711 | +51.4% |
| Operating profit (loss) | 9901 | €27,385 | €42,413 | +€15,028 | +54.9% |
| Financial income | 75/76B | €2 | €398 | +€396 | +20531.6% |
| Recurring financial income | 75 | €2 | €398 | +€396 | +20531.6% |
| Financial charges | 65/66B | €110 | €245 | +€135 | +122.5% |
| Recurring financial charges | 65 | €110 | €245 | +€135 | +122.5% |
| Profit (loss) for the period before taxes | 9903 | €27,277 | €42,566 | +€15,289 | +56.1% |
| Income taxes | 67/77 | €7,212 | €10,174 | +€2,963 | +41.1% |
| Profit (loss) for the period | 9904 | €20,065 | €32,391 | +€12,326 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,065 | €32,391 | +€12,326 | +61.4% |
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 12 October 2026 via checked.be.