FERTI SYSTEMS: 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.
FERTI SYSTEMS
Largest movements
- Cash +€24,461
up €24,461 (+290.5%), from €8,420 to €32,881
mainly Other debts (+€190,290) and Net result for the year (+€71,246)
- Receivables after one year +€15,574
up €15,574 (+2.2%), from €715,920 to €731,494
- Stocks and contracts -€15,161
down €15,161 (-25.7%), from €59,046 to €43,885
- Receivables within one year +€9,543
up €9,543 (+31.2%), from €30,551 to €40,093
of which Trade receivables: +€14,294
- Other debts +€190,290
up €190,290 (+42.4%), from €448,787 to €639,077
- Profit (loss) carried forward -€128,754
down €128,754 (-72.2%), from €178,223 to €49,469
- Debts after one year -€24,000
down €24,000 (-63.2%), from €38,000 to €14,000
- Gross operating margin -€1,188
down €1,188 (-1.9%), from €61,856 to €60,668
- Financial charges -€954
down €954 (-34.8%), from €2,740 to €1,786
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 | €833,272 | €866,423 | +€33,151 | +4.0% |
| Fixed assets | 21/28 | €4,441 | €2,831 | -€1,610 | -36.3% |
| Intangible fixed assets | 21 | €1,641 | €31 | -€1,610 | -98.1% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €828,831 | €863,592 | +€34,761 | +4.2% |
| Amounts receivable after more than one year | 29 | €715,920 | €731,494 | +€15,574 | +2.2% |
| Other amounts receivable | 291 | €715,920 | €731,494 | +€15,574 | +2.2% |
| Stocks and contracts in progress | 3 | €59,046 | €43,885 | -€15,161 | -25.7% |
| Stocks | 30/36 | €59,046 | €43,885 | -€15,161 | -25.7% |
| Amounts receivable within one year | 40/41 | €30,551 | €40,093 | +€9,543 | +31.2% |
| Trade receivables | 40 | €24,456 | €38,750 | +€14,294 | +58.4% |
| Other amounts receivable | 41 | €6,095 | €1,343 | -€4,752 | -78.0% |
| Cash at bank and in hand | 54/58 | €8,420 | €32,881 | +€24,461 | +290.5% |
| Deferred charges and accrued income | 490/1 | €14,895 | €15,240 | +€345 | +2.3% |
| Total equity and liabilities | 10/49 | €833,272 | €866,423 | +€33,151 | +4.0% |
| Equity | 10/15 | €302,673 | €173,919 | -€128,754 | -42.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €62,450 | €62,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,223 | €49,469 | -€128,754 | -72.2% |
| Amounts payable | 17/49 | €530,599 | €692,504 | +€161,905 | +30.5% |
| Amounts payable after more than one year | 17 | €38,000 | €14,000 | -€24,000 | -63.2% |
| Financial debts | 170/4 | €38,000 | €14,000 | -€24,000 | -63.2% |
| Amounts payable within one year | 42/48 | €492,599 | €678,504 | +€185,905 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €24,000 | = | 0.0% |
| Trade debts | 44 | €12,963 | €12,078 | -€885 | -6.8% |
| Suppliers | 440/4 | €12,963 | €12,078 | -€885 | -6.8% |
| Advances received on contracts in progress | 46 | €6,848 | €1,467 | -€5,382 | -78.6% |
| Taxes, remuneration and social security | 45 | - | €1,881 | +€1,881 | |
| Taxes | 450/3 | - | €1,881 | +€1,881 | |
| Other amounts payable | 47/48 | €448,787 | €639,077 | +€190,290 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,213 | €1,610 | -€603 | -27.2% |
| Other operating charges | 640/8 | €641 | €661 | +€20 | +3.2% |
| Gross operating margin | 9900 | €61,856 | €60,668 | -€1,188 | -1.9% |
| Operating profit (loss) | 9901 | €59,002 | €58,397 | -€605 | -1.0% |
| Financial income | 75/76B | €14,332 | €14,635 | +€304 | +2.1% |
| Recurring financial income | 75 | €14,332 | €14,635 | +€304 | +2.1% |
| Financial charges | 65/66B | €2,740 | €1,786 | -€954 | -34.8% |
| Recurring financial charges | 65 | €2,740 | €1,786 | -€954 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €70,593 | €71,246 | +€653 | +0.9% |
| Profit (loss) for the period | 9904 | €70,593 | €71,246 | +€653 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,593 | €71,246 | +€653 | +0.9% |
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 8 October 2026 via checked.be.