FERTIVETS: 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.
FERTIVETS
Largest movements
- Cash +€153,911
up €153,911 (+252.7%), from €60,902 to €214,813
mainly Net result for the year (+€99,046) and Current investments (+€70,000)
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Tangible fixed assets -€10,245
down €10,245 (-11.1%), from €92,575 to €82,330
- Deferred charges and accrued income -€4,390
down €4,390 (-60.3%), from €7,279 to €2,890
- Reserves +€99,046
up €99,046 (+87.4%), from €113,382 to €212,428
- Other debts -€36,471
down €36,471 (-83.0%), from €43,926 to €7,455
- Tax, wage and social debts +€15,864
up €15,864 (+72.9%), from €21,750 to €37,614
of which Taxes: +€18,070
- Trade debts -€6,145
down €6,145 (-11.1%), from €55,531 to €49,386
- Gross operating margin +€63,757
up €63,757 (+48.7%), from €130,830 to €194,587
- Taxes +€15,224
up €15,224 (+116.9%), from €13,025 to €28,250
- Staff costs -€3,134
down €3,134 (-7.4%), from €42,105 to €38,971
- Depreciation +€2,959
up €2,959 (+14.1%), from €21,023 to €23,982
- Financial charges -€2,485
down €2,485 (-39.3%), from €6,320 to €3,835
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 | €240,042 | €310,585 | +€70,543 | +29.4% |
| Fixed assets | 21/28 | €92,575 | €82,330 | -€10,245 | -11.1% |
| Tangible fixed assets | 22/27 | €92,575 | €82,330 | -€10,245 | -11.1% |
| Plant, machinery and equipment | 23 | €22,849 | €19,064 | -€3,785 | -16.6% |
| Furniture and vehicles | 24 | €6,393 | €4,424 | -€1,968 | -30.8% |
| Other tangible fixed assets | 26 | €63,333 | €58,841 | -€4,492 | -7.1% |
| Current assets | 29/58 | €147,467 | €228,255 | +€80,788 | +54.8% |
| Stocks and contracts in progress | 3 | €5,136 | €5,026 | -€109 | -2.1% |
| Stocks | 30/36 | €5,136 | €5,026 | -€109 | -2.1% |
| Amounts receivable within one year | 40/41 | €4,150 | €5,527 | +€1,377 | +33.2% |
| Trade receivables | 40 | €3,603 | €5,527 | +€1,924 | +53.4% |
| Other amounts receivable | 41 | €547 | - | -€547 | |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €60,902 | €214,813 | +€153,911 | +252.7% |
| Deferred charges and accrued income | 490/1 | €7,279 | €2,890 | -€4,390 | -60.3% |
| Total equity and liabilities | 10/49 | €240,042 | €310,585 | +€70,543 | +29.4% |
| Equity | 10/15 | €114,882 | €213,928 | +€99,046 | +86.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €113,382 | €212,428 | +€99,046 | +87.4% |
| Distributable reserves | 133 | €113,382 | €212,428 | +€99,046 | +87.4% |
| Amounts payable | 17/49 | €125,160 | €96,657 | -€28,503 | -22.8% |
| Amounts payable within one year | 42/48 | €122,014 | €94,780 | -€27,234 | -22.3% |
| Trade debts | 44 | €55,531 | €49,386 | -€6,145 | -11.1% |
| Suppliers | 440/4 | €55,531 | €49,386 | -€6,145 | -11.1% |
| Advances received on contracts in progress | 46 | €806 | €324 | -€482 | -59.8% |
| Taxes, remuneration and social security | 45 | €21,750 | €37,614 | +€15,864 | +72.9% |
| Taxes | 450/3 | €19,211 | €37,281 | +€18,070 | +94.1% |
| Remuneration and social security | 454/9 | €2,540 | €333 | -€2,206 | -86.9% |
| Other amounts payable | 47/48 | €43,926 | €7,455 | -€36,471 | -83.0% |
| Accrued charges and deferred income | 492/3 | €3,146 | €1,877 | -€1,268 | -40.3% |
| Remuneration, social security and pensions | 62 | €42,105 | €38,971 | -€3,134 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,023 | €23,982 | +€2,959 | +14.1% |
| Other operating charges | 640/8 | €1,272 | €3,138 | +€1,866 | +146.6% |
| Gross operating margin | 9900 | €130,830 | €194,587 | +€63,757 | +48.7% |
| Operating profit (loss) | 9901 | €66,430 | €128,496 | +€62,066 | +93.4% |
| Financial income | 75/76B | €390 | €2,634 | +€2,244 | +575.0% |
| Recurring financial income | 75 | €390 | €2,634 | +€2,244 | +575.0% |
| Financial charges | 65/66B | €6,320 | €3,835 | -€2,485 | -39.3% |
| Recurring financial charges | 65 | €6,320 | €3,835 | -€2,485 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €60,500 | €127,296 | +€66,795 | +110.4% |
| Income taxes | 67/77 | €13,025 | €28,250 | +€15,224 | +116.9% |
| Profit (loss) for the period | 9904 | €47,475 | €99,046 | +€51,571 | +108.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,475 | €99,046 | +€51,571 | +108.6% |
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 9 October 2026 via checked.be.