Ferret: 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.
Ferret
Largest movements
- Tangible fixed assets -€94,311
down €94,311 (-94.5%), from €99,777 to €5,466
of which Furniture and vehicles: -€66,244
- Receivables within one year +€68,094
up €68,094 (+1554.7%), from €4,380 to €72,474
of which Trade receivables: +€71,377
- Stocks and contracts -€3,418
down €3,418 (-59.4%), from €5,750 to €2,332
- Cash -€2,984
down €2,984 (-40.2%), from €7,431 to €4,447
mainly Receivables within one year (-€68,094) and Debts after one year (-€48,014)
- Debts after one year -€48,014
no longer reported in 2025 (was €48,014)
- Profit (loss) carried forward +€20,425
new in 2025: €20,425
- Current portion of long-term debt -€16,400
no longer reported in 2025 (was €16,400)
- Other debts +€11,149
up €11,149 (+252.1%), from €4,423 to €15,572
- Trade debts -€8,367
down €8,367 (-73.9%), from €11,315 to €2,948
- Depreciation -€29,245
down €29,245 (-98.3%), from €29,745 to €500
- Gross operating margin -€11,975
down €11,975 (-29.5%), from €40,582 to €28,607
- Taxes +€3,682
up €3,682 (+196.0%), from €1,879 to €5,561
- Financial charges -€1,459
down €1,459 (-39.4%), from €3,699 to €2,240
- Financial income +€1,449
new in 2025: €1,449
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 | €118,106 | €84,719 | -€33,387 | -28.3% |
| Fixed assets | 21/28 | €99,777 | €5,466 | -€94,311 | -94.5% |
| Tangible fixed assets | 22/27 | €99,777 | €5,466 | -€94,311 | -94.5% |
| Plant, machinery and equipment | 23 | €33,533 | €5,466 | -€28,067 | -83.7% |
| Furniture and vehicles | 24 | €66,244 | - | -€66,244 | |
| Current assets | 29/58 | €18,329 | €79,253 | +€60,924 | +332.4% |
| Stocks and contracts in progress | 3 | €5,750 | €2,332 | -€3,418 | -59.4% |
| Stocks | 30/36 | €5,750 | €2,332 | -€3,418 | -59.4% |
| Amounts receivable within one year | 40/41 | €4,380 | €72,474 | +€68,094 | +1554.7% |
| Trade receivables | 40 | €752 | €72,129 | +€71,377 | +9491.6% |
| Other amounts receivable | 41 | €3,628 | €345 | -€3,283 | -90.5% |
| Cash at bank and in hand | 54/58 | €7,431 | €4,447 | -€2,984 | -40.2% |
| Deferred charges and accrued income | 490/1 | €768 | - | -€768 | |
| Total equity and liabilities | 10/49 | €118,106 | €84,719 | -€33,387 | -28.3% |
| Equity | 10/15 | €37,954 | €58,379 | +€20,425 | +53.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €33,954 | €33,954 | = | 0.0% |
| Distributable reserves | 133 | €33,954 | €33,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €20,425 | +€20,425 | |
| Amounts payable | 17/49 | €80,152 | €26,340 | -€53,812 | -67.1% |
| Amounts payable after more than one year | 17 | €48,014 | - | -€48,014 | |
| Financial debts | 170/4 | €48,014 | - | -€48,014 | |
| Amounts payable within one year | 42/48 | €32,138 | €23,124 | -€9,014 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €16,400 | - | -€16,400 | |
| Trade debts | 44 | €11,315 | €2,948 | -€8,367 | -73.9% |
| Suppliers | 440/4 | €11,315 | €2,948 | -€8,367 | -73.9% |
| Taxes, remuneration and social security | 45 | - | €4,604 | +€4,604 | |
| Taxes | 450/3 | - | €4,604 | +€4,604 | |
| Other amounts payable | 47/48 | €4,423 | €15,572 | +€11,149 | +252.1% |
| Accrued charges and deferred income | 492/3 | - | €3,216 | +€3,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,745 | €500 | -€29,245 | -98.3% |
| Other operating charges | 640/8 | €1,864 | €471 | -€1,393 | -74.7% |
| Gross operating margin | 9900 | €40,582 | €28,607 | -€11,975 | -29.5% |
| Operating profit (loss) | 9901 | €8,973 | €27,636 | +€18,663 | +208.0% |
| Financial income | 75/76B | - | €1,449 | +€1,449 | |
| Recurring financial income | 75 | - | €1,449 | +€1,449 | |
| Financial charges | 65/66B | €3,699 | €2,240 | -€1,459 | -39.4% |
| Recurring financial charges | 65 | €3,699 | €2,240 | -€1,459 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €5,274 | €26,845 | +€21,571 | +409.0% |
| Income taxes | 67/77 | €1,879 | €5,561 | +€3,682 | +196.0% |
| Profit (loss) for the period | 9904 | €3,395 | €21,284 | +€17,889 | +526.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,395 | €21,284 | +€17,889 | +526.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.