Fertigent: 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.
Fertigent
Largest movements
- Current investments -€1.8m
no longer reported in 2025 (was €1.8m)
- Cash +€350,432
up €350,432 (+25.1%), from €1.4m to €1.7m
mainly Current investments (+€1.8m) and Net result for the year (+€925,594)
- Tangible fixed assets -€245,923
down €245,923 (-29.6%), from €831,870 to €585,947
of which Plant, machinery and equipment: -€236,353
- Receivables within one year +€111,364
up €111,364 (+38.5%), from €289,287 to €400,651
of which Other amounts receivable: +€114,508
- Other debts -€1.5m
down €1.5m (-60.0%), from €2.5m to €1.0m
- Profit (loss) carried forward -€74,406
down €74,406 (-7.2%), from €1.0m to €961,558
- Gross operating margin -€451,868
down €451,868 (-19.2%), from €2.4m to €1.9m
- Taxes -€117,906
down €117,906 (-27.6%), from €426,471 to €308,565
- Financial income -€34,268
down €34,268 (-72.5%), from €47,253 to €12,985
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 | €4,295,810 | €2,736,330 | -€1.6m | -36.3% |
| Fixed assets | 21/28 | €831,870 | €585,947 | -€245,923 | -29.6% |
| Tangible fixed assets | 22/27 | €831,870 | €585,947 | -€245,923 | -29.6% |
| Land and buildings | 22 | €27,750 | €18,524 | -€9,226 | -33.2% |
| Plant, machinery and equipment | 23 | €803,050 | €566,697 | -€236,353 | -29.4% |
| Furniture and vehicles | 24 | €1,070 | €726 | -€344 | -32.2% |
| Current assets | 29/58 | €3,463,939 | €2,150,382 | -€1.3m | -37.9% |
| Amounts receivable within one year | 40/41 | €289,287 | €400,651 | +€111,364 | +38.5% |
| Trade receivables | 40 | €282,999 | €279,855 | -€3,144 | -1.1% |
| Other amounts receivable | 41 | €6,288 | €120,796 | +€114,508 | +1,821% |
| Current investments | 50/53 | €1,750,000 | - | -€1.8m | |
| Cash at bank and in hand | 54/58 | €1,397,007 | €1,747,439 | +€350,432 | +25.1% |
| Deferred charges and accrued income | 490/1 | €27,645 | €2,292 | -€25,353 | -91.7% |
| Total equity and liabilities | 10/49 | €4,295,810 | €2,736,330 | -€1.6m | -36.3% |
| Equity | 10/15 | €1,673,964 | €1,599,558 | -€74,406 | -4.4% |
| Contributions | 10/11 | €580,000 | €580,000 | = | 0.0% |
| Reserves | 13 | €58,000 | €58,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €58,000 | €58,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €58,000 | €58,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,035,964 | €961,558 | -€74,406 | -7.2% |
| Amounts payable | 17/49 | €2,621,846 | €1,136,772 | -€1.5m | -56.6% |
| Amounts payable within one year | 42/48 | €2,578,930 | €1,065,028 | -€1.5m | -58.7% |
| Trade debts | 44 | €38,646 | €59,798 | +€21,152 | +54.7% |
| Suppliers | 440/4 | €38,646 | €59,798 | +€21,152 | +54.7% |
| Taxes, remuneration and social security | 45 | €40,284 | €5,229 | -€35,055 | -87.0% |
| Taxes | 450/3 | €40,284 | €5,229 | -€35,055 | -87.0% |
| Other amounts payable | 47/48 | €2,500,000 | €1,000,000 | -€1.5m | -60.0% |
| Accrued charges and deferred income | 492/3 | €42,915 | €71,744 | +€28,829 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672,267 | €664,093 | -€8,174 | -1.2% |
| Other operating charges | 640/8 | €21,574 | €14,152 | -€7,422 | -34.4% |
| Gross operating margin | 9900 | €2,351,644 | €1,899,776 | -€451,868 | -19.2% |
| Operating profit (loss) | 9901 | €1,657,803 | €1,221,531 | -€436,272 | -26.3% |
| Financial income | 75/76B | €47,253 | €12,985 | -€34,268 | -72.5% |
| Recurring financial income | 75 | €47,253 | €12,985 | -€34,268 | -72.5% |
| Financial charges | 65/66B | €201 | €357 | +€156 | +77.5% |
| Recurring financial charges | 65 | €201 | €357 | +€156 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €1,704,855 | €1,234,159 | -€470,696 | -27.6% |
| Income taxes | 67/77 | €426,471 | €308,565 | -€117,906 | -27.6% |
| Profit (loss) for the period | 9904 | €1,278,384 | €925,594 | -€352,790 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,278,384 | €925,594 | -€352,790 | -27.6% |
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 26 October 2026 via checked.be.