Fertiga: 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.
Fertiga
Largest movements
- Cash -€866,881
down €866,881 (-53.7%), from €1.6m to €745,955
mainly Debts after one year (-€2.0m) and Current investments (-€500,000)
- Current investments +€500,000
new in 2025: €500,000
- Intangible fixed assets +€330,965
up €330,965 (+80.6%), from €410,825 to €741,790
- Contributions +€2.3m
up €2.3m (+126%), from €1.8m to €4.1m
of which Contributions outside capital: +€2.2m
- Debts after one year -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Profit (loss) carried forward -€209,845
down €209,845 (-9.4%), from -€2.2m to -€2.4m
- Accrued charges and deferred income -€209,096
down €209,096 (-100%), from €209,096 to €0
- Investment grants +€103,354
up €103,354 (+44.5%), from €232,234 to €335,588
- Financial charges -€147,045
down €147,045 (-70.2%), from €209,588 to €62,543
- Gross operating margin -€82,637
down €82,637 (-45.6%), from €181,115 to €98,477
- Depreciation +€75,361
up €75,361 (+307%), from €24,548 to €99,909
- Financial income +€50,821
up €50,821 (+5,159%), from €985 to €51,807
- Staff costs -€39,535
down €39,535 (-16.7%), from €236,245 to €196,709
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 | €2,097,412 | €2,057,793 | -€39,620 | -1.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €441,465 | €760,452 | +€318,987 | +72.3% |
| Intangible fixed assets | 21 | €410,825 | €741,790 | +€330,965 | +80.6% |
| Tangible fixed assets | 22/27 | €30,640 | €18,662 | -€11,978 | -39.1% |
| Plant, machinery and equipment | 23 | €30,640 | €18,662 | -€11,978 | -39.1% |
| Current assets | 29/58 | €1,655,947 | €1,297,340 | -€358,607 | -21.7% |
| Stocks and contracts in progress | 3 | €22,197 | €23,365 | +€1,168 | +5.3% |
| Stocks | 30/36 | €22,197 | €23,365 | +€1,168 | +5.3% |
| Amounts receivable within one year | 40/41 | €16,674 | €22,329 | +€5,655 | +33.9% |
| Trade receivables | 40 | €690 | €0 | -€690 | -100% |
| Other amounts receivable | 41 | €15,984 | €22,329 | +€6,345 | +39.7% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €1,612,836 | €745,955 | -€866,881 | -53.7% |
| Deferred charges and accrued income | 490/1 | €4,240 | €5,692 | +€1,452 | +34.2% |
| Total equity and liabilities | 10/49 | €2,097,412 | €2,057,793 | -€39,620 | -1.9% |
| Equity | 10/15 | -€194,974 | €1,969,869 | +€2.2m | |
| Contributions | 10/11 | €1,798,941 | €4,070,276 | +€2.3m | +126% |
| Capital | 10 | €114,250 | €140,200 | +€25,950 | +22.7% |
| Issued capital | 100 | €114,250 | €140,200 | +€25,950 | +22.7% |
| Contributions outside capital | 11 | €1,684,691 | €3,930,076 | +€2.2m | +133% |
| Share premium | 1100/10 | €1,684,691 | €3,930,076 | +€2.2m | +133% |
| Profit (loss) carried forward | 14 | -€2,226,149 | -€2,435,994 | -€209,845 | -9.4% |
| Investment grants | 15 | €232,234 | €335,588 | +€103,354 | +44.5% |
| Amounts payable | 17/49 | €2,292,387 | €87,923 | -€2.2m | -96.2% |
| Amounts payable after more than one year | 17 | €2,000,000 | €0 | -€2.0m | -100% |
| Financial debts | 170/4 | €2,000,000 | €0 | -€2.0m | -100% |
| Amounts payable within one year | 42/48 | €83,291 | €87,923 | +€4,632 | +5.6% |
| Trade debts | 44 | €38,438 | €50,319 | +€11,881 | +30.9% |
| Suppliers | 440/4 | €38,438 | €50,319 | +€11,881 | +30.9% |
| Taxes, remuneration and social security | 45 | €44,631 | €36,822 | -€7,809 | -17.5% |
| Remuneration and social security | 454/9 | €44,631 | €36,822 | -€7,809 | -17.5% |
| Other amounts payable | 47/48 | €222 | €782 | +€561 | +253% |
| Accrued charges and deferred income | 492/3 | €209,096 | €0 | -€209,096 | -100% |
| Remuneration, social security and pensions | 62 | €236,245 | €196,709 | -€39,535 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,548 | €99,909 | +€75,361 | +307% |
| Other operating charges | 640/8 | €1,101 | €968 | -€133 | -12.1% |
| Gross operating margin | 9900 | €181,115 | €98,477 | -€82,637 | -45.6% |
| Operating profit (loss) | 9901 | -€80,779 | -€199,109 | -€118,330 | -146% |
| Financial income | 75/76B | €985 | €51,807 | +€50,821 | +5,159% |
| Recurring financial income | 75 | €985 | €51,807 | +€50,821 | +5,159% |
| Financial charges | 65/66B | €209,588 | €62,543 | -€147,045 | -70.2% |
| Recurring financial charges | 65 | €209,588 | €62,543 | -€147,045 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | -€289,381 | -€209,845 | +€79,536 | +27.5% |
| Profit (loss) for the period | 9904 | -€289,381 | -€209,845 | +€79,536 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€289,381 | -€209,845 | +€79,536 | +27.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.