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.
FeRo
Largest movements
- Cash -€20,694
down €20,694 (-39.7%), from €52,126 to €31,432
mainly Other debts (-€23,843) and Current portion of long-term debt (-€4,879)
- Tangible fixed assets -€7,280
down €7,280 (-65.7%), from €11,072 to €3,792
of which Furniture and vehicles: -€7,157
- Receivables within one year -€1,994
down €1,994 (-27.1%), from €7,355 to €5,361
of which Other amounts receivable: -€1,994
- Other debts -€23,843
no longer reported in 2025 (was €23,843)
- Current portion of long-term debt -€4,879
down €4,879 (-81.3%), from €6,000 to €1,121
- Tax, wage and social debts -€2,062
down €2,062 (-73.8%), from €2,795 to €733
- Debts after one year -€1,121
no longer reported in 2025 (was €1,121)
- Reserves +€1,058
up €1,058 (+3.3%), from €31,897 to €32,954
- Gross operating margin -€8,553
down €8,553 (-46.6%), from €18,337 to €9,785
- Financial charges -€2,002
down €2,002 (-93.3%), from €2,145 to €143
- Depreciation -€1,119
down €1,119 (-13.3%), from €8,399 to €7,280
- Taxes -€950
down €950 (-67.9%), from €1,399 to €449
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 | €70,831 | €40,872 | -€29,959 | -42.3% |
| Fixed assets | 21/28 | €11,072 | €3,792 | -€7,280 | -65.7% |
| Tangible fixed assets | 22/27 | €11,072 | €3,792 | -€7,280 | -65.7% |
| Plant, machinery and equipment | 23 | €440 | €317 | -€123 | -27.9% |
| Furniture and vehicles | 24 | €10,632 | €3,475 | -€7,157 | -67.3% |
| Current assets | 29/58 | €59,759 | €37,080 | -€22,679 | -38.0% |
| Amounts receivable within one year | 40/41 | €7,355 | €5,361 | -€1,994 | -27.1% |
| Trade receivables | 40 | €106 | €106 | = | 0.0% |
| Other amounts receivable | 41 | €7,249 | €5,255 | -€1,994 | -27.5% |
| Cash at bank and in hand | 54/58 | €52,126 | €31,432 | -€20,694 | -39.7% |
| Deferred charges and accrued income | 490/1 | €278 | €287 | +€9 | +3.1% |
| Total equity and liabilities | 10/49 | €70,831 | €40,872 | -€29,959 | -42.3% |
| Equity | 10/15 | €36,897 | €37,954 | +€1,058 | +2.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,897 | €32,954 | +€1,058 | +3.3% |
| Distributable reserves | 133 | €31,897 | €32,954 | +€1,058 | +3.3% |
| Amounts payable | 17/49 | €33,934 | €2,918 | -€31,017 | -91.4% |
| Amounts payable after more than one year | 17 | €1,121 | - | -€1,121 | |
| Financial debts | 170/4 | €1,121 | - | -€1,121 | |
| Amounts payable within one year | 42/48 | €32,813 | €2,918 | -€29,896 | -91.1% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €1,121 | -€4,879 | -81.3% |
| Trade debts | 44 | €175 | €1,064 | +€889 | +508.3% |
| Suppliers | 440/4 | €175 | €1,064 | +€889 | +508.3% |
| Taxes, remuneration and social security | 45 | €2,795 | €733 | -€2,062 | -73.8% |
| Taxes | 450/3 | €2,795 | €733 | -€2,062 | -73.8% |
| Other amounts payable | 47/48 | €23,843 | - | -€23,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,399 | €7,280 | -€1,119 | -13.3% |
| Other operating charges | 640/8 | €865 | €856 | -€9 | -1.1% |
| Gross operating margin | 9900 | €18,337 | €9,785 | -€8,553 | -46.6% |
| Operating profit (loss) | 9901 | €9,074 | €1,649 | -€7,425 | -81.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,145 | €143 | -€2,002 | -93.3% |
| Recurring financial charges | 65 | €2,145 | €143 | -€2,002 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €6,929 | €1,506 | -€5,423 | -78.3% |
| Income taxes | 67/77 | €1,399 | €449 | -€950 | -67.9% |
| Profit (loss) for the period | 9904 | €5,530 | €1,058 | -€4,472 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,530 | €1,058 | -€4,472 | -80.9% |
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 11 October 2026 via checked.be.