FERYN-HOUBEN: 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-HOUBEN
Largest movements
- Cash +€250,383
up €250,383 (+38.3%), from €653,147 to €903,530
mainly Depreciation (+€426,819) and Net result for the year (+€48,269)
- Tangible fixed assets -€178,350
down €178,350 (-1.9%), from €9.4m to €9.2m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€36,176
up €36,176 (+5.8%), from €626,741 to €662,917
- Depreciation +€35,347
up €35,347 (+9.0%), from €391,472 to €426,819
- Taxes +€9,348
up €9,348 (+101%), from €9,247 to €18,595
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 | €10,213,147 | €10,250,567 | +€37,420 | +0.4% |
| Fixed assets | 21/28 | €9,385,877 | €9,207,527 | -€178,350 | -1.9% |
| Tangible fixed assets | 22/27 | €9,385,877 | €9,207,527 | -€178,350 | -1.9% |
| Land and buildings | 22 | €9,385,877 | €9,207,527 | -€178,350 | -1.9% |
| Current assets | 29/58 | €827,270 | €1,043,040 | +€215,770 | +26.1% |
| Amounts receivable within one year | 40/41 | €174,123 | €139,510 | -€34,613 | -19.9% |
| Other amounts receivable | 41 | €174,123 | €139,510 | -€34,613 | -19.9% |
| Cash at bank and in hand | 54/58 | €653,147 | €903,530 | +€250,383 | +38.3% |
| Total equity and liabilities | 10/49 | €10,213,147 | €10,250,567 | +€37,420 | +0.4% |
| Equity | 10/15 | €9,885,441 | €9,933,710 | +€48,269 | +0.5% |
| Contributions | 10/11 | €5,940,000 | €5,940,000 | = | 0.0% |
| Capital | 10 | €5,940,000 | €5,940,000 | = | 0.0% |
| Issued capital | 100 | €5,940,000 | €5,940,000 | = | 0.0% |
| Reserves | 13 | €3,945,441 | €3,993,710 | +€48,269 | +1.2% |
| Non-distributable reserves | 130/1 | €594,000 | €594,000 | = | 0.0% |
| Legal reserve | 130 | €594,000 | €594,000 | = | 0.0% |
| Distributable reserves | 133 | €3,351,441 | €3,399,710 | +€48,269 | +1.4% |
| Amounts payable | 17/49 | €327,706 | €316,857 | -€10,849 | -3.3% |
| Amounts payable within one year | 42/48 | €295,151 | €271,978 | -€23,173 | -7.9% |
| Trade debts | 44 | €75,977 | €60,057 | -€15,920 | -21.0% |
| Suppliers | 440/4 | €75,977 | €60,057 | -€15,920 | -21.0% |
| Taxes, remuneration and social security | 45 | €16,000 | €16,000 | = | 0.0% |
| Taxes | 450/3 | €16,000 | €16,000 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €203,174 | €195,921 | -€7,253 | -3.6% |
| Accrued charges and deferred income | 492/3 | €32,555 | €44,879 | +€12,324 | +37.9% |
| Non-recurring operating income | 76A | €401 | - | -€401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391,472 | €426,819 | +€35,347 | +9.0% |
| Other operating charges | 640/8 | €176,396 | €172,821 | -€3,575 | -2.0% |
| Gross operating margin | 9900 | €626,741 | €662,917 | +€36,176 | +5.8% |
| Operating profit (loss) | 9901 | €58,873 | €63,277 | +€4,404 | +7.5% |
| Financial income | 75/76B | €1,920 | €3,991 | +€2,071 | +108% |
| Recurring financial income | 75 | €1,920 | €3,991 | +€2,071 | +108% |
| Financial charges | 65/66B | €210 | €404 | +€194 | +92.4% |
| Recurring financial charges | 65 | €210 | €404 | +€194 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | €60,583 | €66,864 | +€6,281 | +10.4% |
| Income taxes | 67/77 | €9,247 | €18,595 | +€9,348 | +101% |
| Profit (loss) for the period | 9904 | €51,336 | €48,269 | -€3,067 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,336 | €48,269 | -€3,067 | -6.0% |
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 25 October 2026 via checked.be.