FERYN CONSULT: 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.
FERYN CONSULT
Largest movements
- Current investments +€41,700
up €41,700 (+23.0%), from €181,462 to €223,162
- Cash +€32,254
up €32,254 (+12.5%), from €257,786 to €290,040
mainly Net result for the year (+€72,964) and Depreciation (+€28,788)
- Receivables within one year +€15,633
up €15,633 (+116%), from €13,456 to €29,089
of which Trade receivables: +€14,490
- Reserves +€72,964
up €72,964 (+14.2%), from €514,313 to €587,276
of which Distributable reserves: +€72,964
- Tax, wage and social debts +€8,234
up €8,234 (+35.3%), from €23,317 to €31,551
- Financial income +€11,244
up €11,244 (+99.7%), from €11,275 to €22,519
- Gross operating margin +€6,378
up €6,378 (+5.7%), from €111,854 to €118,231
- Taxes +€5,918
up €5,918 (+25.9%), from €22,885 to €28,803
- Financial charges -€5,675
down €5,675 (-51.1%), from €11,105 to €5,430
- Depreciation +€2,379
up €2,379 (+9.0%), from €26,409 to €28,788
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 | €635,642 | €721,813 | +€86,172 | +13.6% |
| Fixed assets | 21/28 | €181,692 | €179,522 | -€2,170 | -1.2% |
| Tangible fixed assets | 22/27 | €181,692 | €179,522 | -€2,170 | -1.2% |
| Furniture and vehicles | 24 | €1,956 | €3,136 | +€1,180 | +60.3% |
| Other tangible fixed assets | 26 | €66,495 | €61,380 | -€5,115 | -7.7% |
| Assets under construction and advance payments | 27 | €113,242 | €115,007 | +€1,765 | +1.6% |
| Current assets | 29/58 | €453,949 | €542,291 | +€88,342 | +19.5% |
| Amounts receivable within one year | 40/41 | €13,456 | €29,089 | +€15,633 | +116% |
| Trade receivables | 40 | €13,270 | €27,760 | +€14,490 | +109% |
| Other amounts receivable | 41 | €186 | €1,329 | +€1,143 | +615% |
| Current investments | 50/53 | €181,462 | €223,162 | +€41,700 | +23.0% |
| Cash at bank and in hand | 54/58 | €257,786 | €290,040 | +€32,254 | +12.5% |
| Deferred charges and accrued income | 490/1 | €1,246 | - | -€1,246 | |
| Total equity and liabilities | 10/49 | €635,642 | €721,813 | +€86,172 | +13.6% |
| Equity | 10/15 | €531,572 | €604,535 | +€72,964 | +13.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €514,313 | €587,276 | +€72,964 | +14.2% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €504,813 | €577,776 | +€72,964 | +14.5% |
| Profit (loss) carried forward | 14 | €11,062 | €11,062 | = | 0.0% |
| Amounts payable | 17/49 | €104,070 | €117,278 | +€13,208 | +12.7% |
| Amounts payable within one year | 42/48 | €94,970 | €113,278 | +€18,308 | +19.3% |
| Trade debts | 44 | - | €6,190 | +€6,190 | |
| Suppliers | 440/4 | - | €6,190 | +€6,190 | |
| Taxes, remuneration and social security | 45 | €23,317 | €31,551 | +€8,234 | +35.3% |
| Taxes | 450/3 | €23,317 | €31,551 | +€8,234 | +35.3% |
| Other amounts payable | 47/48 | €71,653 | €75,537 | +€3,884 | +5.4% |
| Accrued charges and deferred income | 492/3 | €9,100 | €4,000 | -€5,100 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,409 | €28,788 | +€2,379 | +9.0% |
| Other operating charges | 640/8 | €4,776 | €4,766 | -€10 | -0.2% |
| Gross operating margin | 9900 | €111,854 | €118,231 | +€6,378 | +5.7% |
| Operating profit (loss) | 9901 | €80,669 | €84,678 | +€4,009 | +5.0% |
| Financial income | 75/76B | €11,275 | €22,519 | +€11,244 | +99.7% |
| Recurring financial income | 75 | €11,275 | €22,519 | +€11,244 | +99.7% |
| Financial charges | 65/66B | €11,105 | €5,430 | -€5,675 | -51.1% |
| Recurring financial charges | 65 | €11,105 | €5,430 | -€5,675 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €80,839 | €101,767 | +€20,928 | +25.9% |
| Income taxes | 67/77 | €22,885 | €28,803 | +€5,918 | +25.9% |
| Profit (loss) for the period | 9904 | €57,954 | €72,964 | +€15,010 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,954 | €72,964 | +€15,010 | +25.9% |
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 24 October 2026 via checked.be.