FERU: 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.
FERU
Largest movements
- Current investments -€25,039
down €25,039 (-50.0%), from €50,094 to €25,055
- Receivables within one year +€20,634
up €20,634 (+2558.7%), from €806 to €21,440
of which Trade receivables: +€19,394
- Deferred charges and accrued income +€9,817
up €9,817 (+5099.0%), from €193 to €10,009
- Cash -€8,274
down €8,274 (-72.4%), from €11,434 to €3,160
mainly Contributions, distributions and other (-€39,000) and Receivables within one year (-€20,634)
- Tangible fixed assets -€3,716
down €3,716 (-27.4%), from €13,539 to €9,822
of which Furniture and vehicles: -€3,415
- Reserves -€24,725
down €24,725 (-35.6%), from €69,518 to €44,793
- Other debts +€12,491
up €12,491 (+135620.3%), from €9 to €12,500
- Trade debts +€4,733
up €4,733 (+2990.2%), from €158 to €4,891
- Tax, wage and social debts +€923
up €923 (+18.9%), from €4,881 to €5,804
- Gross operating margin -€2,804
down €2,804 (-10.0%), from €27,959 to €25,155
- Financial charges +€1,036
up €1,036 (+1254.8%), from €83 to €1,119
- Taxes -€607
down €607 (-11.2%), from €5,437 to €4,830
- Depreciation -€293
down €293 (-6.1%), from €4,834 to €4,542
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 | €76,066 | €69,487 | -€6,579 | -8.6% |
| Fixed assets | 21/28 | €13,539 | €9,822 | -€3,716 | -27.4% |
| Tangible fixed assets | 22/27 | €13,539 | €9,822 | -€3,716 | -27.4% |
| Plant, machinery and equipment | 23 | €2,679 | €2,377 | -€302 | -11.3% |
| Furniture and vehicles | 24 | €10,860 | €7,445 | -€3,415 | -31.4% |
| Current assets | 29/58 | €62,528 | €59,665 | -€2,863 | -4.6% |
| Amounts receivable within one year | 40/41 | €806 | €21,440 | +€20,634 | +2558.7% |
| Trade receivables | 40 | €61 | €19,455 | +€19,394 | +31924.7% |
| Other amounts receivable | 41 | €746 | €1,985 | +€1,240 | +166.3% |
| Current investments | 50/53 | €50,094 | €25,055 | -€25,039 | -50.0% |
| Cash at bank and in hand | 54/58 | €11,434 | €3,160 | -€8,274 | -72.4% |
| Deferred charges and accrued income | 490/1 | €193 | €10,009 | +€9,817 | +5099.0% |
| Total equity and liabilities | 10/49 | €76,066 | €69,487 | -€6,579 | -8.6% |
| Equity | 10/15 | €71,018 | €46,293 | -€24,725 | -34.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €69,518 | €44,793 | -€24,725 | -35.6% |
| Distributable reserves | 133 | €69,518 | €44,793 | -€24,725 | -35.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,049 | €23,195 | +€18,146 | +359.4% |
| Amounts payable within one year | 42/48 | €5,049 | €23,195 | +€18,146 | +359.4% |
| Trade debts | 44 | €158 | €4,891 | +€4,733 | +2990.2% |
| Suppliers | 440/4 | €158 | €4,891 | +€4,733 | +2990.2% |
| Taxes, remuneration and social security | 45 | €4,881 | €5,804 | +€923 | +18.9% |
| Taxes | 450/3 | €4,881 | €5,804 | +€923 | +18.9% |
| Other amounts payable | 47/48 | €9 | €12,500 | +€12,491 | +135620.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,834 | €4,542 | -€293 | -6.1% |
| Other operating charges | 640/8 | €332 | €469 | +€137 | +41.4% |
| Gross operating margin | 9900 | €27,959 | €25,155 | -€2,804 | -10.0% |
| Operating profit (loss) | 9901 | €22,792 | €20,143 | -€2,649 | -11.6% |
| Financial income | 75/76B | €162 | €80 | -€81 | -50.3% |
| Recurring financial income | 75 | €162 | €80 | -€81 | -50.3% |
| Financial charges | 65/66B | €83 | €1,119 | +€1,036 | +1254.8% |
| Recurring financial charges | 65 | €83 | €1,119 | +€1,036 | +1254.8% |
| Profit (loss) for the period before taxes | 9903 | €22,872 | €19,105 | -€3,766 | -16.5% |
| Income taxes | 67/77 | €5,437 | €4,830 | -€607 | -11.2% |
| Profit (loss) for the period | 9904 | €17,434 | €14,275 | -€3,160 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,434 | €14,275 | -€3,160 | -18.1% |
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.