Ferco CV: 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.
Ferco CV
Largest movements
- Cash +€15,183
up €15,183 (+10.8%), from €140,566 to €155,749
mainly Net result for the year (+€23,994) and Depreciation (+€22,479)
- Tangible fixed assets -€13,939
down €13,939 (-12.9%), from €108,153 to €94,214
of which Furniture and vehicles: -€13,433
- Receivables within one year +€4,173
up €4,173 (+10.5%), from €39,930 to €44,103
of which Trade receivables: +€4,651
- Reserves +€23,994
up €23,994 (+9.7%), from €246,508 to €270,503
of which Distributable reserves: +€23,994
- Tax, wage and social debts -€17,931
down €17,931 (-75.6%), from €23,734 to €5,802
of which Taxes: -€17,366
- Gross operating margin -€36,646
down €36,646 (-38.2%), from €95,841 to €59,195
- Depreciation +€10,942
up €10,942 (+94.9%), from €11,537 to €22,479
- Taxes -€9,355
down €9,355 (-44.4%), from €21,081 to €11,726
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.
Cash bridge derived
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 | €289,642 | €294,905 | +€5,263 | +1.8% |
| Fixed assets | 21/28 | €108,153 | €94,214 | -€13,939 | -12.9% |
| Tangible fixed assets | 22/27 | €108,153 | €94,214 | -€13,939 | -12.9% |
| Plant, machinery and equipment | 23 | €1,815 | €1,309 | -€506 | -27.9% |
| Furniture and vehicles | 24 | €106,338 | €92,905 | -€13,433 | -12.6% |
| Current assets | 29/58 | €181,489 | €200,691 | +€19,202 | +10.6% |
| Amounts receivable within one year | 40/41 | €39,930 | €44,103 | +€4,173 | +10.5% |
| Trade receivables | 40 | €140 | €4,790 | +€4,651 | +3328.6% |
| Other amounts receivable | 41 | €39,790 | €39,313 | -€478 | -1.2% |
| Cash at bank and in hand | 54/58 | €140,566 | €155,749 | +€15,183 | +10.8% |
| Deferred charges and accrued income | 490/1 | €993 | €838 | -€154 | -15.6% |
| Total equity and liabilities | 10/49 | €289,642 | €294,905 | +€5,263 | +1.8% |
| Equity | 10/15 | €265,108 | €289,103 | +€23,994 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €246,508 | €270,503 | +€23,994 | +9.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €244,648 | €268,643 | +€23,994 | +9.8% |
| Amounts payable | 17/49 | €24,534 | €5,802 | -€18,732 | -76.3% |
| Amounts payable within one year | 42/48 | €24,534 | €5,802 | -€18,732 | -76.3% |
| Trade debts | 44 | €800 | €0 | -€800 | -100.0% |
| Suppliers | 440/4 | €800 | €0 | -€800 | -100.0% |
| Taxes, remuneration and social security | 45 | €23,734 | €5,802 | -€17,931 | -75.6% |
| Taxes | 450/3 | €17,366 | €0 | -€17,366 | -100.0% |
| Remuneration and social security | 454/9 | €6,367 | €5,802 | -€565 | -8.9% |
| Non-recurring operating income | 76A | - | €2,861 | +€2,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,537 | €22,479 | +€10,942 | +94.9% |
| Other operating charges | 640/8 | €798 | €883 | +€85 | +10.6% |
| Non-recurring operating charges | 66A | €19,821 | €0 | -€19,821 | -100.0% |
| Gross operating margin | 9900 | €95,841 | €59,195 | -€36,646 | -38.2% |
| Operating profit (loss) | 9901 | €63,685 | €35,833 | -€27,852 | -43.7% |
| Financial income | 75/76B | €100 | €30 | -€70 | -70.2% |
| Recurring financial income | 75 | €100 | €30 | -€70 | -70.2% |
| Financial charges | 65/66B | €101 | €142 | +€41 | +40.7% |
| Recurring financial charges | 65 | €101 | €142 | +€41 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €63,684 | €35,720 | -€27,964 | -43.9% |
| Income taxes | 67/77 | €21,081 | €11,726 | -€9,355 | -44.4% |
| Profit (loss) for the period | 9904 | €42,603 | €23,994 | -€18,609 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,603 | €23,994 | -€18,609 | -43.7% |
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 9 October 2026 via checked.be.