Fero Tech: what changed
Fero Tech
Largest movements
- Receivables within one year +€77,657
up €77,657 (+75.3%), from €103,161 to €180,818
of which Trade receivables: +€70,485
- Cash -€14,540
down €14,540 (-56.2%), from €25,881 to €11,341
mainly Receivables within one year (-€77,657) and Tax, wage and social debts (-€10,809)
- Tangible fixed assets +€3,942
up €3,942 (+78.6%), from €5,017 to €8,959
of which Plant, machinery and equipment: +€3,387
- Financial fixed assets +€3,300
new in 2026: €3,300
- Trade debts +€49,797
up €49,797 (+250%), from €19,933 to €69,729
- Profit (loss) carried forward +€32,776
up €32,776 (+223%), from €14,692 to €47,468
- Tax, wage and social debts -€10,809
down €10,809 (-29.2%), from €36,960 to €26,151
of which Taxes: -€12,146
- Gross operating margin +€59,687
up €59,687 (+32.5%), from €183,586 to €243,273
- Staff costs +€36,037
up €36,037 (+22.7%), from €158,494 to €194,530
- Taxes +€4,877
up €4,877 (+95.1%), from €5,127 to €10,005
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,084 | €206,910 | +€71,826 | +53.2% |
| Fixed assets | 21/28 | €5,017 | €12,259 | +€7,242 | +144% |
| Tangible fixed assets | 22/27 | €5,017 | €8,959 | +€3,942 | +78.6% |
| Plant, machinery and equipment | 23 | €1,916 | €5,303 | +€3,387 | +177% |
| Furniture and vehicles | 24 | €3,101 | €3,656 | +€556 | +17.9% |
| Financial fixed assets | 28 | - | €3,300 | +€3,300 | |
| Current assets | 29/58 | €130,067 | €194,651 | +€64,583 | +49.7% |
| Amounts receivable within one year | 40/41 | €103,161 | €180,818 | +€77,657 | +75.3% |
| Trade receivables | 40 | €68,785 | €139,270 | +€70,485 | +102% |
| Other amounts receivable | 41 | €34,376 | €41,549 | +€7,173 | +20.9% |
| Cash at bank and in hand | 54/58 | €25,881 | €11,341 | -€14,540 | -56.2% |
| Deferred charges and accrued income | 490/1 | €1,025 | €2,491 | +€1,466 | +143% |
| Total equity and liabilities | 10/49 | €135,084 | €206,910 | +€71,826 | +53.2% |
| Equity | 10/15 | €78,192 | €110,968 | +€32,776 | +41.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,500 | €58,500 | = | 0.0% |
| Distributable reserves | 133 | €58,500 | €58,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,692 | €47,468 | +€32,776 | +223% |
| Amounts payable | 17/49 | €56,893 | €95,942 | +€39,050 | +68.6% |
| Amounts payable within one year | 42/48 | €56,893 | €95,880 | +€38,988 | +68.5% |
| Trade debts | 44 | €19,933 | €69,729 | +€49,797 | +250% |
| Suppliers | 440/4 | €19,933 | €69,729 | +€49,797 | +250% |
| Taxes, remuneration and social security | 45 | €36,960 | €26,151 | -€10,809 | -29.2% |
| Taxes | 450/3 | €27,608 | €15,462 | -€12,146 | -44.0% |
| Remuneration and social security | 454/9 | €9,351 | €10,689 | +€1,337 | +14.3% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Remuneration, social security and pensions | 62 | €158,494 | €194,530 | +€36,037 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,858 | €2,480 | +€623 | +33.5% |
| Other operating charges | 640/8 | €1,761 | €1,401 | -€361 | -20.5% |
| Gross operating margin | 9900 | €183,586 | €243,273 | +€59,687 | +32.5% |
| Operating profit (loss) | 9901 | €21,474 | €44,862 | +€23,388 | +109% |
| Financial income | 75/76B | €1,148 | €1,427 | +€278 | +24.2% |
| Recurring financial income | 75 | €1,148 | €1,427 | +€278 | +24.2% |
| Financial charges | 65/66B | €4,174 | €3,508 | -€666 | -16.0% |
| Recurring financial charges | 65 | €4,174 | €3,508 | -€666 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €18,448 | €42,781 | +€24,333 | +132% |
| Income taxes | 67/77 | €5,127 | €10,005 | +€4,877 | +95.1% |
| Profit (loss) for the period | 9904 | €13,321 | €32,776 | +€19,455 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €13,321 | €32,776 | +€19,455 | +146% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.