BV-FERRONNERIE: what changed
Two fiscal 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.
BV-FERRONNERIE
Largest movements
- Stocks and contracts +€165,915
up €165,915 (+62.8%), from €264,013 to €429,928
- Cash +€110,336
up €110,336 (+42.8%), from €257,558 to €367,893
mainly Net result for the year (+€162,618) and Accrued charges and deferred income (+€138,807)
- Receivables within one year +€55,390
up €55,390 (+23.6%), from €234,501 to €289,891
of which Other amounts receivable: +€33,885
- Deferred charges and accrued income +€19,889
up €19,889 (+311.5%), from €6,385 to €26,275
- Accrued charges and deferred income +€138,807
up €138,807 (+154.8%), from €89,654 to €228,461
- Profit (loss) carried forward +€112,618
up €112,618 (+44.1%), from €255,136 to €367,754
- Other debts +€42,496
up €42,496 (+1041566.7%), from €4 to €42,500
- Trade debts +€36,961
up €36,961 (+18.5%), from €199,538 to €236,499
- Gross operating margin +€233,045
up €233,045 (+24.0%), from €969,292 to €1.2m
- Staff costs +€188,284
up €188,284 (+26.6%), from €708,486 to €896,770
- Depreciation +€16,726
up €16,726 (+35.1%), from €47,589 to €64,315
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.
Cash bridge derived
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 | €1,038,477 | €1,378,589 | +€340,112 | +32.8% |
| Fixed assets | 21/28 | €275,838 | €264,407 | -€11,431 | -4.1% |
| Tangible fixed assets | 22/27 | €275,283 | €263,852 | -€11,431 | -4.2% |
| Land and buildings | 22 | €147,572 | €130,172 | -€17,400 | -11.8% |
| Plant, machinery and equipment | 23 | €53,785 | €67,846 | +€14,061 | +26.1% |
| Furniture and vehicles | 24 | €42,468 | €38,166 | -€4,302 | -10.1% |
| Leasing and similar rights | 25 | €31,459 | €27,669 | -€3,790 | -12.0% |
| Financial fixed assets | 28 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €762,639 | €1,114,182 | +€351,543 | +46.1% |
| Stocks and contracts in progress | 3 | €264,013 | €429,928 | +€165,915 | +62.8% |
| Stocks | 30/36 | €264,013 | €429,928 | +€165,915 | +62.8% |
| Amounts receivable within one year | 40/41 | €234,501 | €289,891 | +€55,390 | +23.6% |
| Trade receivables | 40 | €229,233 | €250,738 | +€21,504 | +9.4% |
| Other amounts receivable | 41 | €5,268 | €39,153 | +€33,885 | +643.2% |
| Current investments | 50/53 | €182 | €196 | +€14 | +7.7% |
| Cash at bank and in hand | 54/58 | €257,558 | €367,893 | +€110,336 | +42.8% |
| Deferred charges and accrued income | 490/1 | €6,385 | €26,275 | +€19,889 | +311.5% |
| Total equity and liabilities | 10/49 | €1,038,477 | €1,378,589 | +€340,112 | +32.8% |
| Equity | 10/15 | €306,647 | €417,500 | +€110,852 | +36.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,860 | €20,860 | = | 0.0% |
| Distributable reserves | 133 | €20,860 | €20,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,136 | €367,754 | +€112,618 | +44.1% |
| Investment grants | 15 | €12,051 | €10,286 | -€1,765 | -14.6% |
| Amounts payable | 17/49 | €731,830 | €961,090 | +€229,260 | +31.3% |
| Amounts payable after more than one year | 17 | €200,860 | €195,597 | -€5,262 | -2.6% |
| Financial debts | 170/4 | €200,860 | €195,597 | -€5,262 | -2.6% |
| Amounts payable within one year | 42/48 | €441,316 | €537,031 | +€95,715 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €110,116 | €119,616 | +€9,501 | +8.6% |
| Trade debts | 44 | €199,538 | €236,499 | +€36,961 | +18.5% |
| Suppliers | 440/4 | €199,538 | €236,499 | +€36,961 | +18.5% |
| Advances received on contracts in progress | 46 | €5,374 | - | -€5,374 | |
| Taxes, remuneration and social security | 45 | €126,284 | €138,416 | +€12,131 | +9.6% |
| Taxes | 450/3 | €33,036 | €71,721 | +€38,685 | +117.1% |
| Remuneration and social security | 454/9 | €93,248 | €66,694 | -€26,554 | -28.5% |
| Other amounts payable | 47/48 | €4 | €42,500 | +€42,496 | +1041566.7% |
| Accrued charges and deferred income | 492/3 | €89,654 | €228,461 | +€138,807 | +154.8% |
| Remuneration, social security and pensions | 62 | €708,486 | €896,770 | +€188,284 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,589 | €64,315 | +€16,726 | +35.1% |
| Other operating charges | 640/8 | €17,628 | €16,203 | -€1,425 | -8.1% |
| Gross operating margin | 9900 | €969,292 | €1,202,337 | +€233,045 | +24.0% |
| Operating profit (loss) | 9901 | €195,589 | €225,049 | +€29,460 | +15.1% |
| Financial income | 75/76B | €7,901 | €8,598 | +€697 | +8.8% |
| Recurring financial income | 75 | €7,901 | €8,598 | +€697 | +8.8% |
| Financial charges | 65/66B | €9,596 | €9,617 | +€20 | +0.2% |
| Recurring financial charges | 65 | €9,596 | €9,617 | +€20 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €193,893 | €224,030 | +€30,137 | +15.5% |
| Income taxes | 67/77 | €49,524 | €61,412 | +€11,888 | +24.0% |
| Profit (loss) for the period | 9904 | €144,370 | €162,618 | +€18,248 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €144,370 | €162,618 | +€18,248 | +12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.