Fernweh: 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.
Fernweh
Largest movements
- Cash -€32,823
down €32,823 (-27.2%), from €120,533 to €87,710
mainly Contributions, distributions and other (-€212,717) and Debts after one year (-€53,017)
- Other debts +€131,985
up €131,985 (+267%), from €49,389 to €181,374
- Reserves -€119,744
down €119,744 (-56.3%), from €212,717 to €92,973
- Debts after one year -€53,017
down €53,017 (-33.1%), from €160,145 to €107,128
- Tax, wage and social debts +€12,247
up €12,247 (+101%), from €12,139 to €24,386
- Trade debts -€8,660
down €8,660 (-59.0%), from €14,680 to €6,020
- Financial income -€110,159
down €110,159 (-99.4%), from €110,821 to €662
- Gross operating margin -€5,178
down €5,178 (-3.7%), from €139,609 to €134,431
- Taxes -€2,589
down €2,589 (-7.5%), from €34,360 to €31,771
- Depreciation +€1,555
up €1,555 (+159%), from €978 to €2,533
- Financial charges +€1,464
up €1,464 (+30.1%), from €4,857 to €6,320
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 | €520,622 | €488,027 | -€32,594 | -6.3% |
| Fixed assets | 21/28 | €349,590 | €352,057 | +€2,467 | +0.7% |
| Tangible fixed assets | 22/27 | €4,920 | €7,387 | +€2,467 | +50.1% |
| Furniture and vehicles | 24 | €4,920 | €7,387 | +€2,467 | +50.1% |
| Financial fixed assets | 28 | €344,670 | €344,670 | = | 0.0% |
| Current assets | 29/58 | €171,032 | €135,971 | -€35,061 | -20.5% |
| Amounts receivable within one year | 40/41 | €49,822 | €48,260 | -€1,562 | -3.1% |
| Trade receivables | 40 | €1,029 | €1,029 | = | 0.0% |
| Other amounts receivable | 41 | €48,793 | €47,231 | -€1,562 | -3.2% |
| Cash at bank and in hand | 54/58 | €120,533 | €87,710 | -€32,823 | -27.2% |
| Deferred charges and accrued income | 490/1 | €676 | - | -€676 | |
| Total equity and liabilities | 10/49 | €520,622 | €488,027 | -€32,594 | -6.3% |
| Equity | 10/15 | €231,317 | €111,573 | -€119,744 | -51.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €212,717 | €92,973 | -€119,744 | -56.3% |
| Distributable reserves | 133 | €212,717 | €92,973 | -€119,744 | -56.3% |
| Amounts payable | 17/49 | €289,305 | €376,455 | +€87,150 | +30.1% |
| Amounts payable after more than one year | 17 | €160,145 | €107,128 | -€53,017 | -33.1% |
| Financial debts | 170/4 | €160,145 | €107,128 | -€53,017 | -33.1% |
| Amounts payable within one year | 42/48 | €127,256 | €268,307 | +€141,051 | +111% |
| Current portion of amounts payable after more than one year | 42 | €46,308 | €48,017 | +€1,710 | +3.7% |
| Financial debts | 43 | €4,740 | €8,510 | +€3,769 | +79.5% |
| Credit institutions | 430/8 | €4,740 | €8,510 | +€3,769 | +79.5% |
| Trade debts | 44 | €14,680 | €6,020 | -€8,660 | -59.0% |
| Suppliers | 440/4 | €14,680 | €6,020 | -€8,660 | -59.0% |
| Taxes, remuneration and social security | 45 | €12,139 | €24,386 | +€12,247 | +101% |
| Taxes | 450/3 | €12,139 | €24,386 | +€12,247 | +101% |
| Other amounts payable | 47/48 | €49,389 | €181,374 | +€131,985 | +267% |
| Accrued charges and deferred income | 492/3 | €1,904 | €1,020 | -€884 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €978 | €2,533 | +€1,555 | +159% |
| Other operating charges | 640/8 | €566 | €1,496 | +€930 | +164% |
| Gross operating margin | 9900 | €139,609 | €134,431 | -€5,178 | -3.7% |
| Operating profit (loss) | 9901 | €138,065 | €130,402 | -€7,664 | -5.6% |
| Financial income | 75/76B | €110,821 | €662 | -€110,159 | -99.4% |
| Recurring financial income | 75 | €110,821 | €662 | -€110,159 | -99.4% |
| Financial charges | 65/66B | €4,857 | €6,320 | +€1,464 | +30.1% |
| Recurring financial charges | 65 | €4,857 | €6,320 | +€1,464 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €244,030 | €124,743 | -€119,286 | -48.9% |
| Income taxes | 67/77 | €34,360 | €31,771 | -€2,589 | -7.5% |
| Profit (loss) for the period | 9904 | €209,670 | €92,973 | -€116,697 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €209,670 | €92,973 | -€116,697 | -55.7% |
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 20 October 2026 via checked.be.