Fertimass TC: 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.
Fertimass TC
Largest movements
- Cash +€302,963
up €302,963 (+506.7%), from €59,791 to €362,754
mainly Net result for the year (+€619,962) and Tax, wage and social debts (+€180,883)
- Receivables within one year +€160,444
up €160,444 (+33.8%), from €474,652 to €635,096
of which Trade receivables: +€141,627
- Intangible fixed assets -€150,000
down €150,000 (-11.1%), from €1.4m to €1.2m
- Tangible fixed assets +€103,255
up €103,255 (+189.1%), from €54,602 to €157,857
of which Plant, machinery and equipment: +€77,827
- Deferred charges and accrued income +€36,779
new in 2025: €36,779
- Reserves +€619,962
up €619,962 (+7658.3%), from €8,095 to €628,058
- Other debts -€570,328
down €570,328 (-37.9%), from €1.5m to €934,127
- Tax, wage and social debts +€180,883
up €180,883 (+441.0%), from €41,018 to €221,900
of which Taxes: +€188,510
- Trade debts +€174,853
up €174,853 (+68.7%), from €254,355 to €429,207
- Accrued charges and deferred income +€44,538
up €44,538 (+36.5%), from €122,007 to €166,545
- Gross operating margin +€798,928
up €798,928 (+197.0%), from €405,477 to €1.2m
- Taxes +€201,517
up €201,517 (+6916.7%), from €2,913 to €204,431
- Other operating charges -€28,749
down €28,749 (-56.0%), from €51,336 to €22,587
- Depreciation +€19,793
up €19,793 (+13.1%), from €151,320 to €171,113
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 | €1,954,930 | €2,404,838 | +€449,908 | +23.0% |
| Fixed assets | 21/28 | €1,404,602 | €1,357,857 | -€46,745 | -3.3% |
| Intangible fixed assets | 21 | €1,350,000 | €1,200,000 | -€150,000 | -11.1% |
| Tangible fixed assets | 22/27 | €54,602 | €157,857 | +€103,255 | +189.1% |
| Land and buildings | 22 | €30,160 | €25,846 | -€4,314 | -14.3% |
| Plant, machinery and equipment | 23 | €24,441 | €102,268 | +€77,827 | +318.4% |
| Furniture and vehicles | 24 | - | €29,742 | +€29,742 | |
| Current assets | 29/58 | €550,328 | €1,046,981 | +€496,653 | +90.2% |
| Amounts receivable after more than one year | 29 | €250 | €0 | -€250 | -100.0% |
| Trade receivables | 290 | €250 | €0 | -€250 | -100.0% |
| Stocks and contracts in progress | 3 | €15,635 | €12,352 | -€3,284 | -21.0% |
| Stocks | 30/36 | €15,635 | €12,352 | -€3,284 | -21.0% |
| Amounts receivable within one year | 40/41 | €474,652 | €635,096 | +€160,444 | +33.8% |
| Trade receivables | 40 | €430,095 | €571,722 | +€141,627 | +32.9% |
| Other amounts receivable | 41 | €44,557 | €63,373 | +€18,817 | +42.2% |
| Cash at bank and in hand | 54/58 | €59,791 | €362,754 | +€302,963 | +506.7% |
| Deferred charges and accrued income | 490/1 | - | €36,779 | +€36,779 | |
| Total equity and liabilities | 10/49 | €1,954,930 | €2,404,838 | +€449,908 | +23.0% |
| Equity | 10/15 | €33,095 | €653,058 | +€619,962 | +1873.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €8,095 | €628,058 | +€619,962 | +7658.3% |
| Distributable reserves | 133 | €8,095 | €628,058 | +€619,962 | +7658.3% |
| Amounts payable | 17/49 | €1,921,835 | €1,751,780 | -€170,055 | -8.8% |
| Amounts payable within one year | 42/48 | €1,799,827 | €1,585,235 | -€214,593 | -11.9% |
| Trade debts | 44 | €254,355 | €429,207 | +€174,853 | +68.7% |
| Suppliers | 440/4 | €254,355 | €429,207 | +€174,853 | +68.7% |
| Taxes, remuneration and social security | 45 | €41,018 | €221,900 | +€180,883 | +441.0% |
| Taxes | 450/3 | €15,785 | €204,296 | +€188,510 | +1194.2% |
| Remuneration and social security | 454/9 | €25,232 | €17,605 | -€7,628 | -30.2% |
| Other amounts payable | 47/48 | €1,504,455 | €934,127 | -€570,328 | -37.9% |
| Accrued charges and deferred income | 492/3 | €122,007 | €166,545 | +€44,538 | +36.5% |
| Remuneration, social security and pensions | 62 | €190,072 | €183,739 | -€6,332 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,320 | €171,113 | +€19,793 | +13.1% |
| Other operating charges | 640/8 | €51,336 | €22,587 | -€28,749 | -56.0% |
| Non-recurring operating charges | 66A | - | €995 | +€995 | |
| Gross operating margin | 9900 | €405,477 | €1,204,405 | +€798,928 | +197.0% |
| Operating profit (loss) | 9901 | €12,749 | €825,970 | +€813,221 | +6378.8% |
| Financial income | 75/76B | €290 | €715 | +€424 | +146.3% |
| Recurring financial income | 75 | €290 | €715 | +€424 | +146.3% |
| Financial charges | 65/66B | €2,030 | €2,291 | +€261 | +12.9% |
| Recurring financial charges | 65 | €2,030 | €2,291 | +€261 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €11,009 | €824,393 | +€813,384 | +7388.5% |
| Income taxes | 67/77 | €2,913 | €204,431 | +€201,517 | +6916.7% |
| Profit (loss) for the period | 9904 | €8,095 | €619,962 | +€611,867 | +7558.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,095 | €619,962 | +€611,867 | +7558.3% |
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 7 October 2026 via checked.be.