FERTIAPPRO: 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.
FERTIAPPRO
Largest movements
- Tangible fixed assets +€125,258
up €125,258 (+44.4%), from €281,884 to €407,142
of which Land and buildings: +€90,425
- Receivables within one year +€116,470
up €116,470 (+28.0%), from €415,665 to €532,135
of which Trade receivables: +€122,647
- Cash +€96,158
up €96,158 (+29.9%), from €321,545 to €417,704
mainly Net result for the year (+€380,169) and Trade debts (+€184,632)
- Profit (loss) carried forward +€380,169
new in 2025: €380,169
- Trade debts +€184,632
up €184,632 (+81.1%), from €227,784 to €412,416
- Contributions -€82,500
down €82,500 (-94.3%), from €87,500 to €5,000
- Tax, wage and social debts -€76,663
down €76,663 (-38.9%), from €197,260 to €120,597
of which Taxes: -€77,917
- Current portion of long-term debt -€33,182
down €33,182 (-93.6%), from €35,443 to €2,261
- Turnover +€2.2m
up €2.2m (+65.0%), from €3.4m to €5.6m
- Purchases and services +€2.0m
up €2.0m (+67.6%), from €3.0m to €5.0m
- Gross operating margin +€204,374
up €204,374 (+49.0%), from €416,958 to €621,332
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 | €1,027,889 | €1,371,772 | +€343,883 | +33.5% |
| Fixed assets | 21/28 | €281,884 | €407,142 | +€125,258 | +44.4% |
| Tangible fixed assets | 22/27 | €281,884 | €407,142 | +€125,258 | +44.4% |
| Land and buildings | 22 | €18,516 | €108,941 | +€90,425 | +488.4% |
| Plant, machinery and equipment | 23 | €58,703 | €90,639 | +€31,936 | +54.4% |
| Furniture and vehicles | 24 | €204,665 | €207,562 | +€2,898 | +1.4% |
| Current assets | 29/58 | €746,004 | €964,629 | +€218,625 | +29.3% |
| Stocks and contracts in progress | 3 | €4,578 | €10,674 | +€6,096 | +133.2% |
| Stocks | 30/36 | €4,578 | €10,674 | +€6,096 | +133.2% |
| Amounts receivable within one year | 40/41 | €415,665 | €532,135 | +€116,470 | +28.0% |
| Trade receivables | 40 | €340,554 | €463,201 | +€122,647 | +36.0% |
| Other amounts receivable | 41 | €75,110 | €68,933 | -€6,177 | -8.2% |
| Cash at bank and in hand | 54/58 | €321,545 | €417,704 | +€96,158 | +29.9% |
| Deferred charges and accrued income | 490/1 | €4,216 | €4,117 | -€99 | -2.3% |
| Total equity and liabilities | 10/49 | €1,027,889 | €1,371,772 | +€343,883 | +33.5% |
| Equity | 10/15 | €534,878 | €832,547 | +€297,669 | +55.7% |
| Contributions | 10/11 | €87,500 | €5,000 | -€82,500 | -94.3% |
| Reserves | 13 | €447,378 | €447,378 | = | 0.0% |
| Distributable reserves | 133 | €447,378 | €447,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €380,169 | +€380,169 | |
| Amounts payable | 17/49 | €493,011 | €539,225 | +€46,214 | +9.4% |
| Amounts payable after more than one year | 17 | €26,428 | - | -€26,428 | |
| Financial debts | 170/4 | €26,428 | - | -€26,428 | |
| Amounts payable within one year | 42/48 | €460,496 | €535,274 | +€74,778 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €35,443 | €2,261 | -€33,182 | -93.6% |
| Trade debts | 44 | €227,784 | €412,416 | +€184,632 | +81.1% |
| Suppliers | 440/4 | €227,784 | €412,416 | +€184,632 | +81.1% |
| Taxes, remuneration and social security | 45 | €197,260 | €120,597 | -€76,663 | -38.9% |
| Taxes | 450/3 | €192,309 | €114,392 | -€77,917 | -40.5% |
| Remuneration and social security | 454/9 | €4,951 | €6,206 | +€1,254 | +25.3% |
| Other amounts payable | 47/48 | €10 | - | -€10 | |
| Accrued charges and deferred income | 492/3 | €6,087 | €3,951 | -€2,137 | -35.1% |
| Turnover | 70 | €3,404,153 | €5,617,983 | +€2.2m | +65.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,998,806 | €5,027,393 | +€2.0m | +67.6% |
| Remuneration, social security and pensions | 62 | €37,286 | €44,937 | +€7,652 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,066 | €41,066 | -€25,000 | -37.8% |
| Other operating charges | 640/8 | €9,575 | €41,124 | +€31,549 | +329.5% |
| Gross operating margin | 9900 | €416,958 | €621,332 | +€204,374 | +49.0% |
| Operating profit (loss) | 9901 | €304,031 | €494,204 | +€190,173 | +62.6% |
| Financial income | 75/76B | €6,220 | €2,737 | -€3,483 | -56.0% |
| Recurring financial income | 75 | €6,220 | €2,737 | -€3,483 | -56.0% |
| Financial charges | 65/66B | €2,935 | €1,568 | -€1,367 | -46.6% |
| Recurring financial charges | 65 | €2,935 | €1,568 | -€1,367 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €307,316 | €495,374 | +€188,057 | +61.2% |
| Income taxes | 67/77 | €91,767 | €115,204 | +€23,437 | +25.5% |
| Profit (loss) for the period | 9904 | €215,549 | €380,169 | +€164,620 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €215,549 | €380,169 | +€164,620 | +76.4% |
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 5 October 2026 via checked.be.