FERUT: 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.
FERUT
Largest movements
- Receivables within one year +€36,806
up €36,806 (+36.4%), from €101,090 to €137,896
of which Trade receivables: +€34,418
- Cash +€36,392
up €36,392 (+26770.6%), from €136 to €36,528
mainly Net result for the year (+€45,943) and Other debts (+€39,052)
- Tangible fixed assets -€2,390
down €2,390 (-7.2%), from €33,142 to €30,751
of which Leasing and similar rights: -€8,261
- Other debts +€39,052
new in 2025: €39,052
- Trade debts +€21,355
up €21,355 (+98.3%), from €21,731 to €43,086
- Tax, wage and social debts +€11,250
up €11,250 (+108.1%), from €10,410 to €21,660
of which Taxes: +€15,084
- Debts after one year -€10,181
down €10,181 (-47.1%), from €21,606 to €11,425
- Short-term financial debts +€7,500
up €7,500 (+100.0%), from €7,500 to €15,000
- Gross operating margin +€59,285
up €59,285 (+84.9%), from €69,820 to €129,105
- Staff costs +€20,873
up €20,873 (+52.1%), from €40,069 to €60,941
- Taxes +€8,022
up €8,022 (+150.7%), from €5,322 to €13,344
- Other operating charges -€1,467
down €1,467 (-37.9%), from €3,873 to €2,405
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 | €140,619 | €209,944 | +€69,326 | +49.3% |
| Fixed assets | 21/28 | €35,752 | €33,361 | -€2,390 | -6.7% |
| Tangible fixed assets | 22/27 | €33,142 | €30,751 | -€2,390 | -7.2% |
| Furniture and vehicles | 24 | €799 | €6,670 | +€5,871 | +735.2% |
| Leasing and similar rights | 25 | €32,343 | €24,082 | -€8,261 | -25.5% |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €104,867 | €176,583 | +€71,716 | +68.4% |
| Amounts receivable within one year | 40/41 | €101,090 | €137,896 | +€36,806 | +36.4% |
| Trade receivables | 40 | €31,008 | €65,426 | +€34,418 | +111.0% |
| Other amounts receivable | 41 | €70,082 | €72,470 | +€2,388 | +3.4% |
| Cash at bank and in hand | 54/58 | €136 | €36,528 | +€36,392 | +26770.6% |
| Deferred charges and accrued income | 490/1 | €3,641 | €2,159 | -€1,482 | -40.7% |
| Total equity and liabilities | 10/49 | €140,619 | €209,944 | +€69,326 | +49.3% |
| Equity | 10/15 | €33,124 | €33,124 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,124 | €31,124 | = | 0.0% |
| Distributable reserves | 133 | €31,124 | €31,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,495 | €176,821 | +€69,326 | +64.5% |
| Amounts payable after more than one year | 17 | €21,606 | €11,425 | -€10,181 | -47.1% |
| Financial debts | 170/4 | €21,606 | €11,425 | -€10,181 | -47.1% |
| Amounts payable within one year | 42/48 | €85,867 | €165,373 | +€79,506 | +92.6% |
| Current portion of amounts payable after more than one year | 42 | €11,226 | €10,181 | -€1,045 | -9.3% |
| Financial debts | 43 | €7,500 | €15,000 | +€7,500 | +100.0% |
| Other loans | 439 | €7,500 | €15,000 | +€7,500 | +100.0% |
| Trade debts | 44 | €21,731 | €43,086 | +€21,355 | +98.3% |
| Suppliers | 440/4 | €21,731 | €43,086 | +€21,355 | +98.3% |
| Advances received on contracts in progress | 46 | €35,000 | €36,394 | +€1,394 | +4.0% |
| Taxes, remuneration and social security | 45 | €10,410 | €21,660 | +€11,250 | +108.1% |
| Taxes | 450/3 | €6,576 | €21,660 | +€15,084 | +229.4% |
| Remuneration and social security | 454/9 | €3,834 | €0 | -€3,834 | -100.0% |
| Other amounts payable | 47/48 | - | €39,052 | +€39,052 | |
| Accrued charges and deferred income | 492/3 | €22 | €23 | +€1 | +3.3% |
| Remuneration, social security and pensions | 62 | €40,069 | €60,941 | +€20,873 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,724 | €8,738 | +€14 | +0.2% |
| Other operating charges | 640/8 | €3,873 | €2,405 | -€1,467 | -37.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €69,820 | €129,105 | +€59,285 | +84.9% |
| Operating profit (loss) | 9901 | €17,155 | €57,020 | +€39,866 | +232.4% |
| Financial income | 75/76B | €2,865 | €3,962 | +€1,096 | +38.3% |
| Recurring financial income | 75 | €2,865 | €3,962 | +€1,096 | +38.3% |
| Financial charges | 65/66B | €1,888 | €1,695 | -€193 | -10.2% |
| Recurring financial charges | 65 | €1,888 | €1,695 | -€193 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €18,132 | €59,287 | +€41,155 | +227.0% |
| Income taxes | 67/77 | €5,322 | €13,344 | +€8,022 | +150.7% |
| Profit (loss) for the period | 9904 | €12,810 | €45,943 | +€33,134 | +258.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,810 | €45,943 | +€33,134 | +258.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.