FERTISOL: 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.
FERTISOL
Largest movements
- Cash -€105,633
down €105,633 (-65.1%), from €162,219 to €56,586
mainly Investment in fixed assets (net) (-€156,075) and Other debts (-€52,909)
- Tangible fixed assets +€104,366
up €104,366 (+151.4%), from €68,926 to €173,292
of which Leasing and similar rights: +€63,000
- Deferred charges and accrued income +€51,617
up €51,617 (+2760.0%), from €1,870 to €53,487
- Receivables within one year +€31,595
up €31,595 (+5.6%), from €561,005 to €592,599
of which Trade receivables: +€146,076
- Profit (loss) carried forward +€55,486
up €55,486, from -€18,207 to €37,279
- Other debts -€52,909
down €52,909 (-8.6%), from €612,411 to €559,502
- Tax, wage and social debts +€38,200
up €38,200 (+185.5%), from €20,597 to €58,798
of which Taxes: +€25,948
- Debts after one year +€37,425
new in 2025: €37,425
- Current portion of long-term debt +€16,888
up €16,888 (+767.7%), from €2,200 to €19,088
- Gross operating margin +€348,271
up €348,271, from -€81,377 to €266,894
- Staff costs +€63,030
up €63,030 (+66.2%), from €95,157 to €158,188
- Depreciation +€19,263
up €19,263 (+59.4%), from €32,446 to €51,709
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.
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 | €799,909 | €881,854 | +€81,945 | +10.2% |
| Fixed assets | 21/28 | €74,816 | €179,182 | +€104,366 | +139.5% |
| Tangible fixed assets | 22/27 | €68,926 | €173,292 | +€104,366 | +151.4% |
| Plant, machinery and equipment | 23 | €45,659 | €87,338 | +€41,680 | +91.3% |
| Furniture and vehicles | 24 | €23,267 | €22,953 | -€314 | -1.3% |
| Leasing and similar rights | 25 | - | €63,000 | +€63,000 | |
| Financial fixed assets | 28 | €5,890 | €5,890 | = | 0.0% |
| Current assets | 29/58 | €725,094 | €702,673 | -€22,421 | -3.1% |
| Amounts receivable within one year | 40/41 | €561,005 | €592,599 | +€31,595 | +5.6% |
| Trade receivables | 40 | €235,347 | €381,423 | +€146,076 | +62.1% |
| Other amounts receivable | 41 | €325,658 | €211,177 | -€114,482 | -35.2% |
| Cash at bank and in hand | 54/58 | €162,219 | €56,586 | -€105,633 | -65.1% |
| Deferred charges and accrued income | 490/1 | €1,870 | €53,487 | +€51,617 | +2760.0% |
| Total equity and liabilities | 10/49 | €799,909 | €881,854 | +€81,945 | +10.2% |
| Equity | 10/15 | €963 | €56,449 | +€55,486 | +5764.6% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €12,968 | €12,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €11,108 | €11,108 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€18,207 | €37,279 | +€55,486 | |
| Amounts payable | 17/49 | €798,947 | €825,406 | +€26,459 | +3.3% |
| Amounts payable after more than one year | 17 | - | €37,425 | +€37,425 | |
| Financial debts | 170/4 | - | €37,425 | +€37,425 | |
| Amounts payable within one year | 42/48 | €798,947 | €787,981 | -€10,966 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €2,200 | €19,088 | +€16,888 | +767.7% |
| Trade debts | 44 | €154,678 | €150,594 | -€4,084 | -2.6% |
| Suppliers | 440/4 | €154,678 | €150,594 | -€4,084 | -2.6% |
| Advances received on contracts in progress | 46 | €9,060 | - | -€9,060 | |
| Taxes, remuneration and social security | 45 | €20,597 | €58,798 | +€38,200 | +185.5% |
| Taxes | 450/3 | - | €25,948 | +€25,948 | |
| Remuneration and social security | 454/9 | €20,597 | €32,849 | +€12,252 | +59.5% |
| Other amounts payable | 47/48 | €612,411 | €559,502 | -€52,909 | -8.6% |
| Remuneration, social security and pensions | 62 | €95,157 | €158,188 | +€63,030 | +66.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,446 | €51,709 | +€19,263 | +59.4% |
| Other operating charges | 640/8 | €880 | €528 | -€351 | -39.9% |
| Gross operating margin | 9900 | -€81,377 | €266,894 | +€348,271 | |
| Operating profit (loss) | 9901 | -€209,860 | €56,469 | +€266,329 | |
| Financial income | 75/76B | €216 | €64 | -€152 | -70.3% |
| Recurring financial income | 75 | €216 | €64 | -€152 | -70.3% |
| Financial charges | 65/66B | €1,397 | €1,046 | -€350 | -25.1% |
| Recurring financial charges | 65 | €1,397 | €1,046 | -€350 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€211,041 | €55,486 | +€266,527 | |
| Profit (loss) for the period | 9904 | -€211,041 | €55,486 | +€266,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€211,041 | €55,486 | +€266,527 |
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 8 October 2026 via checked.be.