Fervore: 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.
Fervore
Largest movements
- Cash -€30,267
down €30,267 (-38.0%), from €79,600 to €49,333
mainly Contributions, distributions and other (-€103,000) and Investment in fixed assets (net) (-€43,168)
- Intangible fixed assets +€20,645
up €20,645 (+195%), from €10,574 to €31,219
- Receivables within one year +€13,948
up €13,948 (+14.6%), from €95,301 to €109,249
of which Other amounts receivable: +€11,181
- Tangible fixed assets -€9,253
down €9,253 (-7.4%), from €125,314 to €116,062
- Other debts -€29,822
down €29,822 (-16.4%), from €181,611 to €151,788
- Debts after one year +€9,766
new in 2025: €9,766
- Current portion of long-term debt +€6,546
new in 2025: €6,546
- Trade debts +€6,008
up €6,008 (+26.9%), from €22,322 to €28,330
- Gross operating margin -€135,676
down €135,676 (-34.0%), from €399,180 to €263,504
- Staff costs -€80,249
down €80,249 (-40.7%), from €197,386 to €117,137
- Depreciation +€6,729
up €6,729 (+27.4%), from €24,546 to €31,275
- Financial charges -€4,229
down €4,229 (-32.5%), from €12,993 to €8,764
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.
Derived cash bridge
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 | €314,458 | €307,099 | -€7,360 | -2.3% |
| Fixed assets | 21/28 | €135,988 | €147,881 | +€11,892 | +8.7% |
| Intangible fixed assets | 21 | €10,574 | €31,219 | +€20,645 | +195% |
| Tangible fixed assets | 22/27 | €125,314 | €116,062 | -€9,253 | -7.4% |
| Plant, machinery and equipment | 23 | €799 | €414 | -€385 | -48.2% |
| Furniture and vehicles | 24 | €16,324 | €11,959 | -€4,365 | -26.7% |
| Other tangible fixed assets | 26 | €108,191 | €103,689 | -€4,502 | -4.2% |
| Financial fixed assets | 28 | €100 | €600 | +€500 | +500% |
| Current assets | 29/58 | €178,470 | €159,218 | -€19,252 | -10.8% |
| Amounts receivable within one year | 40/41 | €95,301 | €109,249 | +€13,948 | +14.6% |
| Trade receivables | 40 | €37,129 | €39,896 | +€2,767 | +7.5% |
| Other amounts receivable | 41 | €58,171 | €69,353 | +€11,181 | +19.2% |
| Cash at bank and in hand | 54/58 | €79,600 | €49,333 | -€30,267 | -38.0% |
| Deferred charges and accrued income | 490/1 | €3,570 | €636 | -€2,933 | -82.2% |
| Total equity and liabilities | 10/49 | €314,458 | €307,099 | -€7,360 | -2.3% |
| Equity | 10/15 | €60,996 | €61,644 | +€648 | +1.1% |
| Contributions | 10/11 | €1,161 | €1,161 | = | 0.0% |
| Reserves | 13 | €348 | €348 | = | 0.0% |
| Distributable reserves | 133 | €348 | €348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,487 | €60,135 | +€648 | +1.1% |
| Amounts payable | 17/49 | €253,462 | €245,454 | -€8,008 | -3.2% |
| Amounts payable after more than one year | 17 | - | €9,766 | +€9,766 | |
| Financial debts | 170/4 | - | €9,766 | +€9,766 | |
| Amounts payable within one year | 42/48 | €253,462 | €235,688 | -€17,774 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,546 | +€6,546 | |
| Trade debts | 44 | €22,322 | €28,330 | +€6,008 | +26.9% |
| Suppliers | 440/4 | €22,322 | €28,330 | +€6,008 | +26.9% |
| Taxes, remuneration and social security | 45 | €49,529 | €49,024 | -€505 | -1.0% |
| Taxes | 450/3 | €33,156 | €36,579 | +€3,423 | +10.3% |
| Remuneration and social security | 454/9 | €16,373 | €12,445 | -€3,928 | -24.0% |
| Other amounts payable | 47/48 | €181,611 | €151,788 | -€29,822 | -16.4% |
| Remuneration, social security and pensions | 62 | €197,386 | €117,137 | -€80,249 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,546 | €31,275 | +€6,729 | +27.4% |
| Other operating charges | 640/8 | €728 | €778 | +€50 | +6.9% |
| Gross operating margin | 9900 | €399,180 | €263,504 | -€135,676 | -34.0% |
| Operating profit (loss) | 9901 | €176,521 | €114,314 | -€62,207 | -35.2% |
| Financial charges | 65/66B | €12,993 | €8,764 | -€4,229 | -32.5% |
| Recurring financial charges | 65 | €12,993 | €8,764 | -€4,229 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €163,528 | €105,550 | -€57,978 | -35.5% |
| Income taxes | 67/77 | €1,137 | €1,902 | +€766 | +67.4% |
| Profit (loss) for the period | 9904 | €162,391 | €103,648 | -€58,743 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €162,391 | €103,648 | -€58,743 | -36.2% |
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 14 October 2026 via checked.be.