FEROMO: what changed
Two fiscal 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.
FEROMO
Largest movements
- Receivables within one year +€57,614
up €57,614 (+500.9%), from €11,503 to €69,117
of which Trade receivables: +€57,414
- Stocks and contracts +€12,968
up €12,968 (+7.0%), from €185,468 to €198,436
- Tangible fixed assets -€7,874
down €7,874 (-16.7%), from €47,289 to €39,415
of which Land and buildings: -€4,255
- Cash +€7,078
up €7,078 (+245.0%), from €2,890 to €9,968
mainly Trade debts (+€62,574) and Net result for the year (+€9,634)
- Trade debts +€62,574
up €62,574 (+418.5%), from €14,951 to €77,525
- Reserves +€9,634
up €9,634 (+42.5%), from €22,681 to €32,315
- Short-term financial debts -€8,248
down €8,248 (-72.6%), from €11,365 to €3,117
- Tax, wage and social debts +€3,538
up €3,538 (+28.7%), from €12,345 to €15,883
- Gross operating margin -€11,485
down €11,485 (-32.0%), from €35,947 to €24,462
- Taxes -€1,785
down €1,785 (-34.7%), from €5,144 to €3,360
- Financial income -€498
down €498 (-99.9%), from €498 to €0
- Financial charges -€437
down €437 (-14.2%), from €3,087 to €2,649
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 | €248,572 | €318,402 | +€69,830 | +28.1% |
| Fixed assets | 21/28 | €47,289 | €39,415 | -€7,874 | -16.7% |
| Tangible fixed assets | 22/27 | €47,289 | €39,415 | -€7,874 | -16.7% |
| Land and buildings | 22 | €38,108 | €33,853 | -€4,255 | -11.2% |
| Plant, machinery and equipment | 23 | €5,462 | €3,014 | -€2,448 | -44.8% |
| Leasing and similar rights | 25 | €3,718 | €2,548 | -€1,170 | -31.5% |
| Current assets | 29/58 | €201,283 | €278,987 | +€77,704 | +38.6% |
| Stocks and contracts in progress | 3 | €185,468 | €198,436 | +€12,968 | +7.0% |
| Stocks | 30/36 | €185,468 | €198,436 | +€12,968 | +7.0% |
| Amounts receivable within one year | 40/41 | €11,503 | €69,117 | +€57,614 | +500.9% |
| Trade receivables | 40 | €11,319 | €68,733 | +€57,414 | +507.2% |
| Other amounts receivable | 41 | €184 | €384 | +€200 | +108.8% |
| Cash at bank and in hand | 54/58 | €2,890 | €9,968 | +€7,078 | +245.0% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,466 | +€44 | +3.1% |
| Total equity and liabilities | 10/49 | €248,572 | €318,402 | +€69,830 | +28.1% |
| Equity | 10/15 | €28,681 | €38,315 | +€9,634 | +33.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €22,681 | €32,315 | +€9,634 | +42.5% |
| Distributable reserves | 133 | €22,681 | €32,315 | +€9,634 | +42.5% |
| Amounts payable | 17/49 | €219,891 | €280,087 | +€60,196 | +27.4% |
| Amounts payable within one year | 42/48 | €219,891 | €280,087 | +€60,196 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €1,627 | - | -€1,627 | |
| Financial debts | 43 | €11,365 | €3,117 | -€8,248 | -72.6% |
| Credit institutions | 430/8 | €11,365 | €3,117 | -€8,248 | -72.6% |
| Trade debts | 44 | €14,951 | €77,525 | +€62,574 | +418.5% |
| Suppliers | 440/4 | €14,951 | €77,525 | +€62,574 | +418.5% |
| Advances received on contracts in progress | 46 | €1,108 | €2,444 | +€1,336 | +120.6% |
| Taxes, remuneration and social security | 45 | €12,345 | €15,883 | +€3,538 | +28.7% |
| Taxes | 450/3 | €12,345 | €15,883 | +€3,538 | +28.7% |
| Other amounts payable | 47/48 | €178,494 | €181,118 | +€2,624 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,874 | €7,874 | +€0 | 0.0% |
| Other operating charges | 640/8 | €929 | €944 | +€16 | +1.7% |
| Gross operating margin | 9900 | €35,947 | €24,462 | -€11,485 | -32.0% |
| Operating profit (loss) | 9901 | €27,144 | €15,643 | -€11,501 | -42.4% |
| Financial income | 75/76B | €498 | €0 | -€498 | -99.9% |
| Recurring financial income | 75 | €498 | €0 | -€498 | -99.9% |
| Financial charges | 65/66B | €3,087 | €2,649 | -€437 | -14.2% |
| Recurring financial charges | 65 | €3,087 | €2,649 | -€437 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €24,555 | €12,994 | -€11,561 | -47.1% |
| Income taxes | 67/77 | €5,144 | €3,360 | -€1,785 | -34.7% |
| Profit (loss) for the period | 9904 | €19,411 | €9,634 | -€9,777 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,411 | €9,634 | -€9,777 | -50.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.