SLAGERIJ FERNAND: 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.
SLAGERIJ FERNAND
Largest movements
- Tangible fixed assets -€83,918
down €83,918 (-5.7%), from €1.5m to €1.4m
of which Land and buildings: -€92,780
- Cash +€54,598
up €54,598 (+22.6%), from €241,960 to €296,558
mainly Net result for the year (+€182,739) and Depreciation (+€127,193)
- Reserves +€182,739
up €182,739 (+53.2%), from €343,298 to €526,037
- Other debts -€110,006
down €110,006 (-71.2%), from €154,400 to €44,393
- Debts after one year -€68,333
down €68,333 (-6.8%), from €1.0m to €943,751
- Trade debts -€22,499
down €22,499 (-21.2%), from €106,309 to €83,810
- Gross operating margin -€76,360
down €76,360 (-9.7%), from €787,687 to €711,327
- Financial charges -€11,007
down €11,007 (-28.3%), from €38,933 to €27,926
- Taxes +€7,990
up €7,990 (+16.8%), from €47,678 to €55,668
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 | €1,762,696 | €1,747,099 | -€15,596 | -0.9% |
| Fixed assets | 21/28 | €1,471,901 | €1,387,984 | -€83,918 | -5.7% |
| Tangible fixed assets | 22/27 | €1,470,701 | €1,386,784 | -€83,918 | -5.7% |
| Land and buildings | 22 | €1,342,260 | €1,249,480 | -€92,780 | -6.9% |
| Plant, machinery and equipment | 23 | €125,825 | €135,232 | +€9,407 | +7.5% |
| Furniture and vehicles | 24 | €2,616 | €2,071 | -€545 | -20.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €290,794 | €359,116 | +€68,321 | +23.5% |
| Stocks and contracts in progress | 3 | €26,832 | €28,664 | +€1,831 | +6.8% |
| Stocks | 30/36 | €26,832 | €28,664 | +€1,831 | +6.8% |
| Amounts receivable within one year | 40/41 | €20,279 | €29,050 | +€8,771 | +43.3% |
| Trade receivables | 40 | €14,749 | €20,939 | +€6,191 | +42.0% |
| Other amounts receivable | 41 | €5,531 | €8,111 | +€2,580 | +46.7% |
| Cash at bank and in hand | 54/58 | €241,960 | €296,558 | +€54,598 | +22.6% |
| Deferred charges and accrued income | 490/1 | €1,723 | €4,844 | +€3,121 | +181% |
| Total equity and liabilities | 10/49 | €1,762,696 | €1,747,099 | -€15,596 | -0.9% |
| Equity | 10/15 | €383,298 | €566,037 | +€182,739 | +47.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €343,298 | €526,037 | +€182,739 | +53.2% |
| Distributable reserves | 133 | €343,298 | €526,037 | +€182,739 | +53.2% |
| Amounts payable | 17/49 | €1,379,398 | €1,181,062 | -€198,336 | -14.4% |
| Amounts payable after more than one year | 17 | €1,012,084 | €943,751 | -€68,333 | -6.8% |
| Financial debts | 170/4 | €1,012,084 | €943,751 | -€68,333 | -6.8% |
| Amounts payable within one year | 42/48 | €366,937 | €234,951 | -€131,985 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €68,333 | €68,333 | = | 0.0% |
| Trade debts | 44 | €106,309 | €83,810 | -€22,499 | -21.2% |
| Suppliers | 440/4 | €106,309 | €83,810 | -€22,499 | -21.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,895 | €38,415 | +€520 | +1.4% |
| Taxes | 450/3 | €10,449 | €7,603 | -€2,845 | -27.2% |
| Remuneration and social security | 454/9 | €27,446 | €30,812 | +€3,365 | +12.3% |
| Other amounts payable | 47/48 | €154,400 | €44,393 | -€110,006 | -71.2% |
| Accrued charges and deferred income | 492/3 | €377 | €2,360 | +€1,983 | +526% |
| Remuneration, social security and pensions | 62 | €310,299 | €307,321 | -€2,978 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,617 | €127,193 | +€4,576 | +3.7% |
| Other operating charges | 640/8 | €6,090 | €11,050 | +€4,960 | +81.4% |
| Gross operating margin | 9900 | €787,687 | €711,327 | -€76,360 | -9.7% |
| Operating profit (loss) | 9901 | €348,681 | €265,763 | -€82,918 | -23.8% |
| Financial income | 75/76B | €64 | €570 | +€506 | +787% |
| Recurring financial income | 75 | €64 | €570 | +€506 | +787% |
| Financial charges | 65/66B | €38,933 | €27,926 | -€11,007 | -28.3% |
| Recurring financial charges | 65 | €38,933 | €27,926 | -€11,007 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €309,812 | €238,408 | -€71,405 | -23.0% |
| Income taxes | 67/77 | €47,678 | €55,668 | +€7,990 | +16.8% |
| Profit (loss) for the period | 9904 | €262,135 | €182,739 | -€79,395 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €262,135 | €182,739 | -€79,395 | -30.3% |
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 29 October 2026 via checked.be.