E. FERRARI: 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.
E. FERRARI
Largest movements
- Receivables within one year -€23,274
down €23,274 (-73.6%), from €31,620 to €8,345
- Tangible fixed assets -€10,733
down €10,733 (-52.4%), from €20,483 to €9,750
of which Furniture and vehicles: -€9,000
- Cash +€5,395
up €5,395 (+3,939%), from €137 to €5,532
mainly Receivables within one year (+€23,274) and Net result for the year (+€22,659)
- Trade debts -€26,020
down €26,020 (-98.2%), from €26,508 to €488
- Debts after one year -€9,401
down €9,401 (-85.3%), from €11,017 to €1,616
- Tax, wage and social debts +€5,102
up €5,102 (+276%), from €1,846 to €6,948
- Accrued charges and deferred income +€1,304
new in 2024: €1,304
- Gross operating margin +€20,374
up €20,374 (+97.3%), from €20,937 to €41,312
- Depreciation -€4,448
down €4,448 (-29.3%), from €15,180 to €10,733
- Financial charges +€3,117
up €3,117 (+225%), from €1,385 to €4,502
- Taxes +€1,594
up €1,594 (+159%), from €1,001 to €2,594
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,239 | €23,627 | -€28,612 | -54.8% |
| Fixed assets | 21/28 | €20,483 | €9,750 | -€10,733 | -52.4% |
| Tangible fixed assets | 22/27 | €20,483 | €9,750 | -€10,733 | -52.4% |
| Plant, machinery and equipment | 23 | €1,733 | - | -€1,733 | |
| Furniture and vehicles | 24 | €18,750 | €9,750 | -€9,000 | -48.0% |
| Current assets | 29/58 | €31,757 | €13,877 | -€17,880 | -56.3% |
| Amounts receivable within one year | 40/41 | €31,620 | €8,345 | -€23,274 | -73.6% |
| Trade receivables | 40 | €31,620 | €8,345 | -€23,274 | -73.6% |
| Cash at bank and in hand | 54/58 | €137 | €5,532 | +€5,395 | +3,939% |
| Total equity and liabilities | 10/49 | €52,239 | €23,627 | -€28,612 | -54.8% |
| Equity | 10/15 | €3,563 | €3,869 | +€306 | +8.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,437 | -€14,131 | +€306 | +2.1% |
| Amounts payable | 17/49 | €48,676 | €19,758 | -€28,918 | -59.4% |
| Amounts payable after more than one year | 17 | €11,017 | €1,616 | -€9,401 | -85.3% |
| Financial debts | 170/4 | €11,017 | €1,616 | -€9,401 | -85.3% |
| Amounts payable within one year | 42/48 | €37,659 | €16,837 | -€20,821 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €9,150 | €9,401 | +€251 | +2.7% |
| Financial debts | 43 | €155 | - | -€155 | |
| Credit institutions | 430/8 | €155 | - | -€155 | |
| Trade debts | 44 | €26,508 | €488 | -€26,020 | -98.2% |
| Suppliers | 440/4 | €26,508 | €488 | -€26,020 | -98.2% |
| Taxes, remuneration and social security | 45 | €1,846 | €6,948 | +€5,102 | +276% |
| Taxes | 450/3 | €1,846 | €6,948 | +€5,102 | +276% |
| Accrued charges and deferred income | 492/3 | - | €1,304 | +€1,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,180 | €10,733 | -€4,448 | -29.3% |
| Other operating charges | 640/8 | €708 | €824 | +€117 | +16.5% |
| Gross operating margin | 9900 | €20,937 | €41,312 | +€20,374 | +97.3% |
| Operating profit (loss) | 9901 | €5,050 | €29,755 | +€24,705 | +489% |
| Financial charges | 65/66B | €1,385 | €4,502 | +€3,117 | +225% |
| Recurring financial charges | 65 | €1,385 | €4,502 | +€3,117 | +225% |
| Profit (loss) for the period before taxes | 9903 | €3,665 | €25,253 | +€21,588 | +589% |
| Income taxes | 67/77 | €1,001 | €2,594 | +€1,594 | +159% |
| Profit (loss) for the period | 9904 | €2,664 | €22,659 | +€19,995 | +751% |
| Profit (loss) for the period to be appropriated | 9905 | €2,664 | €22,659 | +€19,995 | +751% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.