FEROZ: 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.
FEROZ
Largest movements
- Stocks and contracts +€45,986
up €45,986 (+91.2%), from €50,409 to €96,395
- Receivables within one year -€41,821
down €41,821 (-66.9%), from €62,537 to €20,716
- Cash -€13,584
down €13,584 (-66.4%), from €20,447 to €6,863
mainly Stocks and contracts (-€45,986) and Tax, wage and social debts (-€26,857)
- Deferred charges and accrued income -€6,483
down €6,483 (-30.1%), from €21,560 to €15,076
- Tangible fixed assets -€3,661
down €3,661 (-20.4%), from €17,986 to €14,325
- Tax, wage and social debts -€26,857
down €26,857 (-43.7%), from €61,468 to €34,611
of which Taxes: -€28,736
- Profit (loss) carried forward +€8,231
up €8,231 (+18.4%), from €44,725 to €52,956
- Gross operating margin +€18,051
up €18,051 (+26.2%), from €68,847 to €86,897
- Staff costs +€7,516
up €7,516 (+12.4%), from €60,688 to €68,204
- Depreciation +€3,341
up €3,341 (+1,043%), from €320 to €3,661
- Financial charges +€970
up €970 (+33.3%), from €2,909 to €3,879
- Taxes +€911
up €911 (+66.8%), from €1,364 to €2,275
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 | €172,940 | €153,376 | -€19,564 | -11.3% |
| Fixed assets | 21/28 | €17,986 | €14,325 | -€3,661 | -20.4% |
| Tangible fixed assets | 22/27 | €17,986 | €14,325 | -€3,661 | -20.4% |
| Furniture and vehicles | 24 | €17,986 | €14,325 | -€3,661 | -20.4% |
| Current assets | 29/58 | €154,953 | €139,051 | -€15,902 | -10.3% |
| Stocks and contracts in progress | 3 | €50,409 | €96,395 | +€45,986 | +91.2% |
| Stocks | 30/36 | €50,409 | €96,395 | +€45,986 | +91.2% |
| Amounts receivable within one year | 40/41 | €62,537 | €20,716 | -€41,821 | -66.9% |
| Trade receivables | 40 | €62,537 | €20,716 | -€41,821 | -66.9% |
| Cash at bank and in hand | 54/58 | €20,447 | €6,863 | -€13,584 | -66.4% |
| Deferred charges and accrued income | 490/1 | €21,560 | €15,076 | -€6,483 | -30.1% |
| Total equity and liabilities | 10/49 | €172,940 | €153,376 | -€19,564 | -11.3% |
| Equity | 10/15 | €58,985 | €67,216 | +€8,231 | +14.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,725 | €52,956 | +€8,231 | +18.4% |
| Amounts payable | 17/49 | €113,955 | €86,160 | -€27,795 | -24.4% |
| Amounts payable within one year | 42/48 | €113,955 | €86,160 | -€27,795 | -24.4% |
| Trade debts | 44 | €9,169 | €7,472 | -€1,697 | -18.5% |
| Suppliers | 440/4 | €9,169 | €7,472 | -€1,697 | -18.5% |
| Taxes, remuneration and social security | 45 | €61,468 | €34,611 | -€26,857 | -43.7% |
| Taxes | 450/3 | €48,694 | €19,958 | -€28,736 | -59.0% |
| Remuneration and social security | 454/9 | €12,773 | €14,653 | +€1,879 | +14.7% |
| Other amounts payable | 47/48 | €43,319 | €44,078 | +€759 | +1.8% |
| Remuneration, social security and pensions | 62 | €60,688 | €68,204 | +€7,516 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320 | €3,661 | +€3,341 | +1,043% |
| Other operating charges | 640/8 | €540 | €647 | +€108 | +19.9% |
| Gross operating margin | 9900 | €68,847 | €86,897 | +€18,051 | +26.2% |
| Operating profit (loss) | 9901 | €7,299 | €14,384 | +€7,086 | +97.1% |
| Financial charges | 65/66B | €2,909 | €3,879 | +€970 | +33.3% |
| Recurring financial charges | 65 | €2,909 | €3,879 | +€970 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €4,390 | €10,506 | +€6,116 | +139% |
| Income taxes | 67/77 | €1,364 | €2,275 | +€911 | +66.8% |
| Profit (loss) for the period | 9904 | €3,026 | €8,231 | +€5,205 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €3,026 | €8,231 | +€5,205 | +172% |
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 16 October 2026 via checked.be.