FERSA: 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.
FERSA
Largest movements
- Receivables within one year -€2,213
no longer reported in 2025 (was €2,213)
- Cash +€938
up €938 (+207%), from €453 to €1,392
mainly Tax, wage and social debts (+€6,079) and Receivables within one year (+€2,213)
- Financial fixed assets +€200
new in 2025: €200
- Profit (loss) carried forward -€8,897
down €8,897 (-249%), from -€3,574 to -€12,470
- Tax, wage and social debts +€6,079
new in 2025: €6,079
of which Taxes: +€3,779
- Other debts +€1,483
new in 2025: €1,483
- Trade debts +€260
new in 2025: €260
- Gross operating margin -€6,184
down €6,184 (-345%), from -€1,795 to -€7,979
- Taxes +€188
new in 2025: €188
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 | €2,666 | €1,592 | -€1,075 | -40.3% |
| Fixed assets | 21/28 | - | €200 | +€200 | |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €2,666 | €1,392 | -€1,275 | -47.8% |
| Amounts receivable within one year | 40/41 | €2,213 | - | -€2,213 | |
| Trade receivables | 40 | €2,213 | - | -€2,213 | |
| Cash at bank and in hand | 54/58 | €453 | €1,392 | +€938 | +207% |
| Total equity and liabilities | 10/49 | €2,666 | €1,592 | -€1,075 | -40.3% |
| Equity | 10/15 | €2,666 | -€6,230 | -€8,897 | |
| Contributions | 10/11 | €6,240 | €6,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,574 | -€12,470 | -€8,897 | -249% |
| Amounts payable | 17/49 | - | €7,822 | +€7,822 | |
| Amounts payable within one year | 42/48 | - | €7,822 | +€7,822 | |
| Trade debts | 44 | - | €260 | +€260 | |
| Suppliers | 440/4 | - | €260 | +€260 | |
| Taxes, remuneration and social security | 45 | - | €6,079 | +€6,079 | |
| Taxes | 450/3 | - | €3,779 | +€3,779 | |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | - | €1,483 | +€1,483 | |
| Other operating charges | 640/8 | €706 | €705 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€1,795 | -€7,979 | -€6,184 | -345% |
| Operating profit (loss) | 9901 | -€2,500 | -€8,684 | -€6,184 | -247% |
| Financial charges | 65/66B | - | €24 | +€24 | |
| Recurring financial charges | 65 | - | €24 | +€24 | |
| Profit (loss) for the period before taxes | 9903 | -€2,500 | -€8,709 | -€6,208 | -248% |
| Income taxes | 67/77 | - | €188 | +€188 | |
| Profit (loss) for the period | 9904 | -€2,500 | -€8,897 | -€6,397 | -256% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,500 | -€8,897 | -€6,397 | -256% |
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 18 October 2026 via checked.be.