Ferz’HR: 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.
Ferz’HR
Largest movements
- Cash +€18,505
up €18,505 (+32.3%), from €57,338 to €75,843
mainly Net result for the year (+€17,197) and Trade debts (+€1,772)
- Profit (loss) carried forward +€17,197
up €17,197 (+34.6%), from €49,660 to €66,857
- Trade debts +€1,772
up €1,772 (+78.6%), from €2,254 to €4,026
- Gross operating margin -€5,752
down €5,752 (-18.5%), from €31,086 to €25,334
- Taxes -€1,156
down €1,156 (-18.9%), from €6,125 to €4,969
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 | €75,696 | €94,639 | +€18,943 | +25.0% |
| Fixed assets | 21/28 | €2,970 | €3,787 | +€817 | +27.5% |
| Tangible fixed assets | 22/27 | €2,970 | €3,787 | +€817 | +27.5% |
| Plant, machinery and equipment | 23 | - | €1,836 | +€1,836 | |
| Furniture and vehicles | 24 | €2,241 | €1,452 | -€789 | -35.2% |
| Other tangible fixed assets | 26 | €729 | €499 | -€230 | -31.6% |
| Current assets | 29/58 | €72,727 | €90,852 | +€18,126 | +24.9% |
| Amounts receivable within one year | 40/41 | €14,402 | €14,021 | -€380 | -2.6% |
| Trade receivables | 40 | €13,499 | €12,584 | -€915 | -6.8% |
| Other amounts receivable | 41 | €902 | €1,437 | +€535 | +59.3% |
| Cash at bank and in hand | 54/58 | €57,338 | €75,843 | +€18,505 | +32.3% |
| Deferred charges and accrued income | 490/1 | €987 | €988 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €75,696 | €94,639 | +€18,943 | +25.0% |
| Equity | 10/15 | €52,660 | €69,857 | +€17,197 | +32.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,660 | €66,857 | +€17,197 | +34.6% |
| Amounts payable | 17/49 | €23,037 | €24,782 | +€1,745 | +7.6% |
| Amounts payable within one year | 42/48 | €23,037 | €24,782 | +€1,745 | +7.6% |
| Trade debts | 44 | €2,254 | €4,026 | +€1,772 | +78.6% |
| Suppliers | 440/4 | €2,254 | €4,026 | +€1,772 | +78.6% |
| Taxes, remuneration and social security | 45 | €13,661 | €13,634 | -€27 | -0.2% |
| Taxes | 450/3 | €13,661 | €13,634 | -€27 | -0.2% |
| Other amounts payable | 47/48 | €7,122 | €7,122 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,486 | €1,667 | +€181 | +12.2% |
| Gross operating margin | 9900 | €31,086 | €25,334 | -€5,752 | -18.5% |
| Operating profit (loss) | 9901 | €29,600 | €23,667 | -€5,933 | -20.0% |
| Financial income | 75/76B | €22 | €83 | +€60 | +272% |
| Recurring financial income | 75 | €22 | €83 | +€60 | +272% |
| Financial charges | 65/66B | €1,496 | €1,584 | +€88 | +5.9% |
| Recurring financial charges | 65 | €1,496 | €1,584 | +€88 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €28,126 | €22,166 | -€5,960 | -21.2% |
| Income taxes | 67/77 | €6,125 | €4,969 | -€1,156 | -18.9% |
| Profit (loss) for the period | 9904 | €22,001 | €17,197 | -€4,804 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,001 | €17,197 | -€4,804 | -21.8% |
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 17 October 2026 via checked.be.