FERRAN-MIESSE: 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.
FERRAN-MIESSE
Largest movements
- Stocks and contracts -€26,643
down €26,643 (-19.6%), from €135,725 to €109,082
- Cash -€15,415
down €15,415 (-49.7%), from €31,008 to €15,593
mainly Net result for the year (-€39,701) and Tax, wage and social debts (-€4,033)
- Reserves -€39,701
down €39,701 (-29.2%), from €136,003 to €96,303
- Tax, wage and social debts -€4,033
down €4,033 (-38.1%), from €10,578 to €6,544
- Gross operating margin -€23,273
down €23,273 (-168.6%), from -€13,807 to -€37,080
- Financial charges +€385
up €385 (+52.8%), from €728 to €1,112
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,206 | €133,685 | -€42,521 | -24.1% |
| Fixed assets | 21/28 | €4,306 | €4,306 | = | 0.0% |
| Financial fixed assets | 28 | €4,306 | €4,306 | = | 0.0% |
| Current assets | 29/58 | €171,900 | €129,379 | -€42,521 | -24.7% |
| Stocks and contracts in progress | 3 | €135,725 | €109,082 | -€26,643 | -19.6% |
| Stocks | 30/36 | €135,725 | €109,082 | -€26,643 | -19.6% |
| Amounts receivable within one year | 40/41 | €1,073 | €557 | -€515 | -48.0% |
| Other amounts receivable | 41 | €1,073 | €557 | -€515 | -48.0% |
| Cash at bank and in hand | 54/58 | €31,008 | €15,593 | -€15,415 | -49.7% |
| Deferred charges and accrued income | 490/1 | €4,094 | €4,146 | +€53 | +1.3% |
| Total equity and liabilities | 10/49 | €176,206 | €133,685 | -€42,521 | -24.1% |
| Equity | 10/15 | €143,020 | €103,320 | -€39,701 | -27.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,003 | €96,303 | -€39,701 | -29.2% |
| Distributable reserves | 133 | €136,003 | €96,303 | -€39,701 | -29.2% |
| Profit (loss) carried forward | 14 | €817 | €817 | = | 0.0% |
| Amounts payable | 17/49 | €33,185 | €30,365 | -€2,820 | -8.5% |
| Amounts payable within one year | 42/48 | €33,185 | €30,365 | -€2,820 | -8.5% |
| Trade debts | 44 | €2,926 | €2,870 | -€56 | -1.9% |
| Suppliers | 440/4 | €2,926 | €2,870 | -€56 | -1.9% |
| Taxes, remuneration and social security | 45 | €10,578 | €6,544 | -€4,033 | -38.1% |
| Taxes | 450/3 | €10,578 | €6,544 | -€4,033 | -38.1% |
| Other amounts payable | 47/48 | €19,681 | €20,951 | +€1,270 | +6.5% |
| Other operating charges | 640/8 | €1,069 | €1,285 | +€216 | +20.2% |
| Gross operating margin | 9900 | -€13,807 | -€37,080 | -€23,273 | -168.6% |
| Operating profit (loss) | 9901 | -€14,876 | -€38,365 | -€23,489 | -157.9% |
| Financial income | 75/76B | €28 | €4 | -€24 | -86.0% |
| Recurring financial income | 75 | €28 | €4 | -€24 | -86.0% |
| Financial charges | 65/66B | €728 | €1,112 | +€385 | +52.8% |
| Recurring financial charges | 65 | €728 | €1,112 | +€385 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,576 | -€39,473 | -€23,898 | -153.4% |
| Income taxes | 67/77 | €216 | €227 | +€12 | +5.4% |
| Profit (loss) for the period | 9904 | -€15,791 | -€39,701 | -€23,909 | -151.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,791 | -€39,701 | -€23,909 | -151.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.