FERTIGYN: 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.
FERTIGYN
Largest movements
- Current investments +€500,000
up €500,000 (+2410.1%), from €20,746 to €520,746
- Cash -€427,435
down €427,435 (-55.0%), from €777,078 to €349,643
mainly Current investments (-€500,000) and Other debts (-€206,147)
- Receivables after one year -€200,000
down €200,000 (-54.8%), from €365,000 to €165,000
- Profit (loss) carried forward +€301,088
new in 2025: €301,088
- Reserves -€218,321
down €218,321 (-29.9%), from €730,351 to €512,030
of which Distributable reserves: -€132,599
- Other debts -€206,147
down €206,147 (-63.8%), from €323,283 to €117,136
- Gross operating margin +€90,155
up €90,155 (+48.3%), from €186,587 to €276,741
- Taxes +€13,354
up €13,354 (+26.5%), from €50,467 to €63,821
- Financial charges -€11,831
down €11,831 (-71.6%), from €16,527 to €4,695
- Financial income -€3,400
down €3,400 (-35.7%), from €9,512 to €6,112
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 | €1,210,259 | €1,085,764 | -€124,495 | -10.3% |
| Fixed assets | 21/28 | €19,420 | €15,623 | -€3,797 | -19.6% |
| Tangible fixed assets | 22/27 | €11,488 | €7,691 | -€3,797 | -33.1% |
| Plant, machinery and equipment | 23 | €7,661 | €4,972 | -€2,689 | -35.1% |
| Furniture and vehicles | 24 | €925 | €356 | -€569 | -61.5% |
| Other tangible fixed assets | 26 | €2,901 | €2,362 | -€539 | -18.6% |
| Financial fixed assets | 28 | €7,933 | €7,933 | = | 0.0% |
| Current assets | 29/58 | €1,190,839 | €1,070,141 | -€120,698 | -10.1% |
| Amounts receivable after more than one year | 29 | €365,000 | €165,000 | -€200,000 | -54.8% |
| Other amounts receivable | 291 | €365,000 | €165,000 | -€200,000 | -54.8% |
| Amounts receivable within one year | 40/41 | €22,619 | €29,391 | +€6,772 | +29.9% |
| Trade receivables | 40 | €221 | - | -€221 | |
| Other amounts receivable | 41 | €22,398 | €29,391 | +€6,993 | +31.2% |
| Current investments | 50/53 | €20,746 | €520,746 | +€500,000 | +2410.1% |
| Cash at bank and in hand | 54/58 | €777,078 | €349,643 | -€427,435 | -55.0% |
| Deferred charges and accrued income | 490/1 | €5,396 | €5,361 | -€35 | -0.7% |
| Total equity and liabilities | 10/49 | €1,210,259 | €1,085,764 | -€124,495 | -10.3% |
| Equity | 10/15 | €823,337 | €906,105 | +€82,768 | +10.1% |
| Contributions | 10/11 | €92,987 | €92,987 | = | 0.0% |
| Reserves | 13 | €730,351 | €512,030 | -€218,321 | -29.9% |
| Non-distributable reserves | 130/1 | - | €9,299 | +€9,299 | |
| Reserves not available under the articles | 1311 | - | €9,299 | +€9,299 | |
| Tax-exempt reserves | 132 | €128,700 | €33,680 | -€95,020 | -73.8% |
| Distributable reserves | 133 | €601,651 | €469,051 | -€132,599 | -22.0% |
| Profit (loss) carried forward | 14 | - | €301,088 | +€301,088 | |
| Provisions and deferred taxes | 16 | €29,081 | €29,081 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,081 | €29,081 | = | 0.0% |
| Pensions and similar obligations | 160 | €29,081 | €29,081 | = | 0.0% |
| Amounts payable | 17/49 | €357,841 | €150,578 | -€207,263 | -57.9% |
| Amounts payable within one year | 42/48 | €341,840 | €146,401 | -€195,439 | -57.2% |
| Trade debts | 44 | €2,917 | €5,945 | +€3,029 | +103.8% |
| Suppliers | 440/4 | €2,917 | €5,945 | +€3,029 | +103.8% |
| Taxes, remuneration and social security | 45 | €15,641 | €23,320 | +€7,679 | +49.1% |
| Taxes | 450/3 | €15,641 | €20,870 | +€5,229 | +33.4% |
| Remuneration and social security | 454/9 | - | €2,450 | +€2,450 | |
| Other amounts payable | 47/48 | €323,283 | €117,136 | -€206,147 | -63.8% |
| Accrued charges and deferred income | 492/3 | €16,001 | €4,177 | -€11,824 | -73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,824 | €7,044 | +€221 | +3.2% |
| Other operating charges | 640/8 | €3,928 | €1,224 | -€2,705 | -68.9% |
| Gross operating margin | 9900 | €186,587 | €276,741 | +€90,155 | +48.3% |
| Operating profit (loss) | 9901 | €175,834 | €268,474 | +€92,639 | +52.7% |
| Financial income | 75/76B | €9,512 | €6,112 | -€3,400 | -35.7% |
| Recurring financial income | 75 | €9,512 | €6,112 | -€3,400 | -35.7% |
| Financial charges | 65/66B | €16,527 | €4,695 | -€11,831 | -71.6% |
| Recurring financial charges | 65 | €16,527 | €4,695 | -€11,831 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €168,820 | €269,890 | +€101,070 | +59.9% |
| Income taxes | 67/77 | €50,467 | €63,821 | +€13,354 | +26.5% |
| Profit (loss) for the period | 9904 | €118,352 | €206,068 | +€87,716 | +74.1% |
| Transfer from tax-exempt reserves | 789 | - | €95,020 | +€95,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €118,352 | €301,088 | +€182,736 | +154.4% |
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 1 October 2026 via checked.be.