FERO: 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.
What changed
FERO
NACE 46.842, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€571,561
2024 · €245,442+€326,119
Equity
€2.9m
2024 · €2.3m+€542,983
Cash
€291,179
2024 · €296,960-€5,781
Balance sheet total
€7.4m
2024 · €8.9m-€1.5m
Largest movements
Assets
- Stocks and contracts -€1.7m
down €1.7m (-25.1%), from €6.7m to €5.1m
- Receivables within one year +€346,076
up €346,076 (+27.7%), from €1.2m to €1.6m
of which Trade receivables: +€349,736
- Deferred charges and accrued income -€150,922
down €150,922 (-69.1%), from €218,302 to €67,380
Equity and liabilities
- Other debts -€2.8m
down €2.8m (-98.1%), from €2.9m to €54,705
- Debts after one year +€1.1m
up €1.1m (+5685.8%), from €18,629 to €1.1m
- Reserves +€542,983
up €542,983 (+23.8%), from €2.3m to €2.8m
of which Distributable reserves: +€542,983
- Current portion of long-term debt +€483,879
up €483,879 (+2023.4%), from €23,914 to €507,793
- Short-term financial debts -€400,000
down €400,000 (-18.2%), from €2.2m to €1.8m
Income statement
- Turnover +€1.9m
up €1.9m (+13.5%), from €14.2m to €16.2m
- Goods and materials +€961,203
up €961,203 (+9.4%), from €10.2m to €11.2m
of which Change in stocks: decrease (increase): +€3.8m
- Services and other goods +€444,475
up €444,475 (+21.2%), from €2.1m to €2.5m
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.
Result 2024
€245,442
Turnover
+€1.9m
Other operating income
+€2,780
Goods and materials
-€961,203
Services and other goods
-€444,475
Staff costs
+€76,150
Depreciation
+€14,380
Write-downs
-€74,276
Other operating charges
-€4,282
Other operating items
-€882
Financial income
-€93,147
Financial charges
-€8,042
Taxes
-€102,136
Result 2025
€571,561
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.
From operations
-€1.0m
Investment
-€70,407
Financing
+€1.1m
Cash 2024
€296,960
From operations (derived)
-€1.0m
Net result for the year
+€571,561
Depreciation
+€68,969
Stocks and contracts
+€1.7m
Receivables within one year
-€346,076
Deferred charges and accrued income
+€150,922
Trade debts
-€344,029
Tax, wage and social debts
+€28,080
Other debts
-€2.8m
Accrued charges and deferred income
-€21,039
Investment (derived)
-€70,407
Investment in fixed assets (net)
-€70,407
Financing
+€1.1m
Debts after one year
+€1.1m
Current portion of long-term debt
+€483,879
Short-term financial debts
-€400,000
Contributions, distributions and other
-€28,578
Cash 2025
€291,179
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,874,016 | €7,373,276 | -€1.5m | -16.9% |
| Fixed assets | 21/28 | €367,686 | €369,124 | +€1,438 | +0.4% |
| Tangible fixed assets | 22/27 | €325,376 | €326,815 | +€1,438 | +0.4% |
| Plant, machinery and equipment | 23 | €3,772 | €8,929 | +€5,157 | +136.7% |
| Furniture and vehicles | 24 | €76,585 | €51,790 | -€24,794 | -32.4% |
| Other tangible fixed assets | 26 | €245,020 | €266,095 | +€21,076 | +8.6% |
| Financial fixed assets | 28 | €42,310 | €42,310 | = | 0.0% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €42,310 | €42,310 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €42,310 | €42,310 | = | 0.0% |
| Current assets | 29/58 | €8,506,330 | €7,004,152 | -€1.5m | -17.7% |
| Stocks and contracts in progress | 3 | €6,743,759 | €5,052,209 | -€1.7m | -25.1% |
| Stocks | 30/36 | €6,743,759 | €5,052,209 | -€1.7m | -25.1% |
| Goods purchased for resale | 34 | €6,743,759 | €5,052,209 | -€1.7m | -25.1% |
| Amounts receivable within one year | 40/41 | €1,247,309 | €1,593,384 | +€346,076 | +27.7% |
| Trade receivables | 40 | €1,237,708 | €1,587,445 | +€349,736 | +28.3% |
| Other amounts receivable | 41 | €9,600 | €5,940 | -€3,661 | -38.1% |
| Cash at bank and in hand | 54/58 | €296,960 | €291,179 | -€5,781 | -1.9% |
| Deferred charges and accrued income | 490/1 | €218,302 | €67,380 | -€150,922 | -69.1% |
| Total equity and liabilities | 10/49 | €8,874,016 | €7,373,276 | -€1.5m | -16.9% |
| Equity | 10/15 | €2,345,299 | €2,888,282 | +€542,983 | +23.2% |
| Contributions | 10/11 | €62,370 | €62,370 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €370 | €370 | = | 0.0% |
| Share premium | 1100/10 | €370 | €370 | = | 0.0% |
| Reserves | 13 | €2,282,929 | €2,825,912 | +€542,983 | +23.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,276,729 | €2,819,712 | +€542,983 | +23.8% |
| Amounts payable | 17/49 | €6,528,716 | €4,484,994 | -€2.0m | -31.3% |
| Amounts payable after more than one year | 17 | €18,629 | €1,077,831 | +€1.1m | +5685.8% |
| Financial debts | 170/4 | €18,629 | €1,077,831 | +€1.1m | +5685.8% |
| Credit institutions | 173 | €18,629 | €1,077,831 | +€1.1m | +5685.8% |
| Amounts payable within one year | 42/48 | €6,486,359 | €3,404,473 | -€3.1m | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €23,914 | €507,793 | +€483,879 | +2023.4% |
| Financial debts | 43 | €2,200,000 | €1,800,000 | -€400,000 | -18.2% |
| Credit institutions | 430/8 | €2,200,000 | €1,800,000 | -€400,000 | -18.2% |
| Trade debts | 44 | €1,107,820 | €763,791 | -€344,029 | -31.1% |
| Suppliers | 440/4 | €1,107,820 | €763,791 | -€344,029 | -31.1% |
| Taxes, remuneration and social security | 45 | €250,104 | €278,184 | +€28,080 | +11.2% |
| Taxes | 450/3 | €97,383 | €102,368 | +€4,985 | +5.1% |
| Remuneration and social security | 454/9 | €152,721 | €175,816 | +€23,095 | +15.1% |
| Other amounts payable | 47/48 | €2,904,521 | €54,705 | -€2.8m | -98.1% |
| Accrued charges and deferred income | 492/3 | €23,729 | €2,690 | -€21,039 | -88.7% |
| Operating income | 70/76A | €14,260,873 | €16,183,676 | +€1.9m | +13.5% |
| Turnover | 70 | €14,234,828 | €16,156,079 | +€1.9m | +13.5% |
| Other operating income | 74 | €20,685 | €23,465 | +€2,780 | +13.4% |
| Non-recurring operating income | 76A | €5,361 | €4,132 | -€1,228 | -22.9% |
| Operating charges | 60/66A | €13,856,493 | €15,249,853 | +€1.4m | +10.1% |
| Goods for resale, raw materials and consumables | 60 | €10,240,256 | €11,201,459 | +€961,203 | +9.4% |
| Purchases | 600/8 | €12,344,424 | €9,509,909 | -€2.8m | -23.0% |
| Change in stocks: decrease (increase) | 609 | -€2,104,168 | €1,691,549 | +€3.8m | |
| Services and other goods | 61 | €2,101,354 | €2,545,829 | +€444,475 | +21.2% |
| Remuneration, social security and pensions | 62 | €1,456,248 | €1,380,097 | -€76,150 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,349 | €68,969 | -€14,380 | -17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€29,847 | €44,429 | +€74,276 | |
| Other operating charges | 640/8 | €4,788 | €9,070 | +€4,282 | +89.4% |
| Non-recurring operating charges | 66A | €347 | €0 | -€347 | -100.0% |
| Operating profit (loss) | 9901 | €404,379 | €933,824 | +€529,444 | +130.9% |
| Financial income | 75/76B | €116,070 | €22,923 | -€93,147 | -80.3% |
| Recurring financial income | 75 | €116,070 | €22,923 | -€93,147 | -80.3% |
| Income from financial fixed assets | 750 | €3,000 | €416 | -€2,584 | -86.1% |
| Income from current assets | 751 | €294 | €204 | -€89 | -30.4% |
| Other financial income | 752/9 | €112,776 | €22,302 | -€90,474 | -80.2% |
| Financial charges | 65/66B | €175,466 | €183,508 | +€8,042 | +4.6% |
| Recurring financial charges | 65 | €175,466 | €183,508 | +€8,042 | +4.6% |
| Debt charges | 650 | €126,386 | €137,560 | +€11,174 | +8.8% |
| Other financial charges | 652/9 | €49,079 | €45,948 | -€3,132 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €344,983 | €773,238 | +€428,255 | +124.1% |
| Income taxes | 67/77 | €99,542 | €201,677 | +€102,136 | +102.6% |
| Taxes | 670/3 | €99,542 | €201,677 | +€102,136 | +102.6% |
| Profit (loss) for the period | 9904 | €245,442 | €571,561 | +€326,119 | +132.9% |
| Profit (loss) for the period to be appropriated | 9905 | €245,442 | €571,561 | +€326,119 | +132.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.