Peter Feryn: 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.
Peter Feryn
Largest movements
- Cash +€24,247
up €24,247 (+12.1%), from €199,703 to €223,950
mainly Net result for the year (+€22,546) and Other debts (+€5,814)
- Receivables within one year +€3,493
new in 2025: €3,493
- Reserves +€20,828
up €20,828 (+11.0%), from €188,798 to €209,626
of which Distributable reserves: +€20,828
- Other debts +€5,814
up €5,814 (+31.3%), from €18,571 to €24,386
- Gross operating margin -€17,940
down €17,940 (-31.8%), from €56,378 to €38,438
- Taxes -€5,330
down €5,330 (-31.7%), from €16,836 to €11,507
- Depreciation -€1,485
down €1,485 (-46.1%), from €3,221 to €1,736
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 | €217,398 | €242,035 | +€24,637 | +11.3% |
| Fixed assets | 21/28 | €8,180 | €6,444 | -€1,736 | -21.2% |
| Tangible fixed assets | 22/27 | €8,180 | €6,444 | -€1,736 | -21.2% |
| Plant, machinery and equipment | 23 | €1,431 | €1,068 | -€363 | -25.4% |
| Furniture and vehicles | 24 | €5,588 | €4,366 | -€1,223 | -21.9% |
| Other tangible fixed assets | 26 | €1,160 | €1,010 | -€150 | -12.9% |
| Current assets | 29/58 | €209,219 | €235,592 | +€26,373 | +12.6% |
| Amounts receivable within one year | 40/41 | - | €3,493 | +€3,493 | |
| Other amounts receivable | 41 | - | €3,493 | +€3,493 | |
| Cash at bank and in hand | 54/58 | €199,703 | €223,950 | +€24,247 | +12.1% |
| Deferred charges and accrued income | 490/1 | €9,516 | €8,148 | -€1,367 | -14.4% |
| Total equity and liabilities | 10/49 | €217,398 | €242,035 | +€24,637 | +11.3% |
| Equity | 10/15 | €194,998 | €215,826 | +€20,828 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,798 | €209,626 | +€20,828 | +11.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €186,943 | €207,771 | +€20,828 | +11.1% |
| Amounts payable | 17/49 | €22,400 | €26,209 | +€3,809 | +17.0% |
| Amounts payable within one year | 42/48 | €21,448 | €25,255 | +€3,807 | +17.7% |
| Trade debts | 44 | €261 | - | -€261 | |
| Suppliers | 440/4 | €261 | - | -€261 | |
| Taxes, remuneration and social security | 45 | €2,615 | €869 | -€1,746 | -66.8% |
| Taxes | 450/3 | €2,615 | €869 | -€1,746 | -66.8% |
| Other amounts payable | 47/48 | €18,571 | €24,386 | +€5,814 | +31.3% |
| Accrued charges and deferred income | 492/3 | €952 | €955 | +€2 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,221 | €1,736 | -€1,485 | -46.1% |
| Other operating charges | 640/8 | €789 | €1,300 | +€511 | +64.7% |
| Gross operating margin | 9900 | €56,378 | €38,438 | -€17,940 | -31.8% |
| Operating profit (loss) | 9901 | €52,367 | €35,402 | -€16,965 | -32.4% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €1,050 | €1,350 | +€300 | +28.6% |
| Recurring financial charges | 65 | €1,050 | €1,350 | +€300 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €51,324 | €34,052 | -€17,272 | -33.7% |
| Income taxes | 67/77 | €16,836 | €11,507 | -€5,330 | -31.7% |
| Profit (loss) for the period | 9904 | €34,488 | €22,546 | -€11,942 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,488 | €22,546 | -€11,942 | -34.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.