FERMONTOURS: 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.
FERMONTOURS
Largest movements
- Tangible fixed assets +€576,858
up €576,858 (+95.4%), from €604,411 to €1.2m
of which Leasing and similar rights: +€591,360
- Cash -€37,408
down €37,408 (-12.5%), from €299,446 to €262,038
mainly Investment in fixed assets (net) (-€853,684) and Other debts (-€15,298)
- Debts after one year +€352,661
up €352,661 (+166%), from €212,218 to €564,879
- Profit (loss) carried forward +€96,864
up €96,864 (+48.1%), from €201,237 to €298,101
- Current portion of long-term debt +€65,740
up €65,740 (+40.7%), from €161,376 to €227,116
- Tax, wage and social debts +€38,525
up €38,525 (+31.9%), from €120,670 to €159,195
of which Remuneration and social security: +€27,145
- Short-term financial debts +€18,309
new in 2025: €18,309
- Turnover -€438,973
down €438,973 (-17.6%), from €2.5m to €2.0m
- Gross operating margin -€221,570
down €221,570 (-14.3%), from €1.5m to €1.3m
- Purchases and services -€198,804
down €198,804 (-19.3%), from €1.0m to €833,801
- Depreciation +€109,604
up €109,604 (+65.5%), from €167,222 to €276,826
- Staff costs +€75,847
up €75,847 (+9.3%), from €818,018 to €893,865
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 | €1,122,323 | €1,665,832 | +€543,509 | +48.4% |
| Fixed assets | 21/28 | €612,411 | €1,189,269 | +€576,858 | +94.2% |
| Tangible fixed assets | 22/27 | €604,411 | €1,181,269 | +€576,858 | +95.4% |
| Land and buildings | 22 | €376,670 | €358,734 | -€17,936 | -4.8% |
| Furniture and vehicles | 24 | €227,741 | €231,175 | +€3,434 | +1.5% |
| Leasing and similar rights | 25 | - | €591,360 | +€591,360 | |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €509,912 | €476,563 | -€33,349 | -6.5% |
| Amounts receivable within one year | 40/41 | €210,466 | €214,525 | +€4,059 | +1.9% |
| Trade receivables | 40 | €98,065 | €102,268 | +€4,203 | +4.3% |
| Other amounts receivable | 41 | €112,401 | €112,257 | -€144 | -0.1% |
| Cash at bank and in hand | 54/58 | €299,446 | €262,038 | -€37,408 | -12.5% |
| Total equity and liabilities | 10/49 | €1,122,323 | €1,665,832 | +€543,509 | +48.4% |
| Equity | 10/15 | €529,200 | €626,064 | +€96,864 | +18.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Revaluation surpluses | 12 | €152,463 | €152,463 | = | 0.0% |
| Reserves | 13 | €85,500 | €85,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Other | 1319 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,500 | €76,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,237 | €298,101 | +€96,864 | +48.1% |
| Amounts payable | 17/49 | €593,123 | €1,039,768 | +€446,645 | +75.3% |
| Amounts payable after more than one year | 17 | €212,218 | €564,879 | +€352,661 | +166% |
| Financial debts | 170/4 | €212,218 | €564,879 | +€352,661 | +166% |
| Amounts payable within one year | 42/48 | €380,905 | €474,889 | +€93,984 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €161,376 | €227,116 | +€65,740 | +40.7% |
| Financial debts | 43 | - | €18,309 | +€18,309 | |
| Credit institutions | 430/8 | - | €18,309 | +€18,309 | |
| Trade debts | 44 | €45,061 | €31,769 | -€13,292 | -29.5% |
| Suppliers | 440/4 | €45,061 | €31,769 | -€13,292 | -29.5% |
| Taxes, remuneration and social security | 45 | €120,670 | €159,195 | +€38,525 | +31.9% |
| Taxes | 450/3 | €33,185 | €44,565 | +€11,380 | +34.3% |
| Remuneration and social security | 454/9 | €87,485 | €114,630 | +€27,145 | +31.0% |
| Other amounts payable | 47/48 | €53,798 | €38,500 | -€15,298 | -28.4% |
| Turnover | 70 | €2,488,834 | €2,049,861 | -€438,973 | -17.6% |
| Non-recurring operating income | 76A | €9,130 | €70,320 | +€61,190 | +670% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,032,605 | €833,801 | -€198,804 | -19.3% |
| Remuneration, social security and pensions | 62 | €818,018 | €893,865 | +€75,847 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,222 | €276,826 | +€109,604 | +65.5% |
| Other operating charges | 640/8 | €13,458 | €18,246 | +€4,788 | +35.6% |
| Non-recurring operating charges | 66A | €4,951 | €250 | -€4,701 | -95.0% |
| Gross operating margin | 9900 | €1,547,516 | €1,325,946 | -€221,570 | -14.3% |
| Operating profit (loss) | 9901 | €543,867 | €136,759 | -€407,108 | -74.9% |
| Financial income | 75/76B | €2 | €8 | +€6 | +300% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +300% |
| Financial charges | 65/66B | €31,310 | €39,903 | +€8,593 | +27.4% |
| Recurring financial charges | 65 | €31,310 | €39,903 | +€8,593 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €512,559 | €96,864 | -€415,695 | -81.1% |
| Income taxes | 67/77 | €23,825 | - | -€23,825 | |
| Profit (loss) for the period | 9904 | €488,734 | €96,864 | -€391,870 | -80.2% |
| Transfer to tax-exempt reserves | 689 | €31,500 | - | -€31,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €457,234 | €96,864 | -€360,370 | -78.8% |
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 22 October 2026 via checked.be.