Ferdinand: what changed
Ferdinand
Largest movements
- Current investments +€221,910
new in 2025: €221,910
- Receivables after one year -€33,661
down €33,661 (-100%), from €33,661 to €0
- Receivables within one year -€26,434
down €26,434 (-83.0%), from €31,839 to €5,406
of which Other amounts receivable: -€31,018
- Cash -€14,356
down €14,356 (-31.6%), from €45,503 to €31,146
mainly Current investments (-€221,910)
- Debts after one year +€109,000
new in 2025: €109,000
- Profit (loss) carried forward +€16,424
up €16,424 (+14.8%), from -€111,249 to -€94,825
- Other debts +€10,195
new in 2025: €10,195
- Tax, wage and social debts +€7,103
new in 2025: €7,103
- Trade debts +€3,102
up €3,102 (+211%), from €1,472 to €4,574
- Gross operating margin +€32,140
up €32,140, from -€11,330 to €20,809
- Financial charges +€7,638
up €7,638 (+2,879%), from €265 to €7,904
- Financial income +€3,583
up €3,583 (+327%), from €1,095 to €4,678
- Other operating charges +€427
up €427 (+58.3%), from €733 to €1,160
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,003 | €258,462 | +€147,459 | +133% |
| Current assets | 29/58 | €111,003 | €258,462 | +€147,459 | +133% |
| Amounts receivable after more than one year | 29 | €33,661 | €0 | -€33,661 | -100% |
| Other amounts receivable | 291 | €33,661 | €0 | -€33,661 | -100% |
| Amounts receivable within one year | 40/41 | €31,839 | €5,406 | -€26,434 | -83.0% |
| Trade receivables | 40 | - | €4,585 | +€4,585 | |
| Other amounts receivable | 41 | €31,839 | €821 | -€31,018 | -97.4% |
| Current investments | 50/53 | - | €221,910 | +€221,910 | |
| Cash at bank and in hand | 54/58 | €45,503 | €31,146 | -€14,356 | -31.6% |
| Total equity and liabilities | 10/49 | €111,003 | €258,462 | +€147,459 | +133% |
| Equity | 10/15 | €109,531 | €125,955 | +€16,424 | +15.0% |
| Contributions | 10/11 | €220,780 | €220,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,249 | -€94,825 | +€16,424 | +14.8% |
| Amounts payable | 17/49 | €1,472 | €132,507 | +€131,035 | +8,901% |
| Amounts payable after more than one year | 17 | - | €109,000 | +€109,000 | |
| Other amounts payable | 178/9 | - | €109,000 | +€109,000 | |
| Amounts payable within one year | 42/48 | €1,472 | €21,872 | +€20,400 | +1,386% |
| Trade debts | 44 | €1,472 | €4,574 | +€3,102 | +211% |
| Suppliers | 440/4 | €1,472 | €4,574 | +€3,102 | +211% |
| Taxes, remuneration and social security | 45 | - | €7,103 | +€7,103 | |
| Taxes | 450/3 | - | €7,103 | +€7,103 | |
| Other amounts payable | 47/48 | - | €10,195 | +€10,195 | |
| Accrued charges and deferred income | 492/3 | - | €1,635 | +€1,635 | |
| Other operating charges | 640/8 | €733 | €1,160 | +€427 | +58.3% |
| Gross operating margin | 9900 | -€11,330 | €20,809 | +€32,140 | |
| Operating profit (loss) | 9901 | -€12,063 | €19,650 | +€31,713 | |
| Financial income | 75/76B | €1,095 | €4,678 | +€3,583 | +327% |
| Recurring financial income | 75 | €1,095 | €4,678 | +€3,583 | +327% |
| Financial charges | 65/66B | €265 | €7,904 | +€7,638 | +2,879% |
| Recurring financial charges | 65 | €265 | €7,904 | +€7,638 | +2,879% |
| Profit (loss) for the period before taxes | 9903 | -€11,233 | €16,424 | +€27,657 | |
| Profit (loss) for the period | 9904 | -€11,233 | €16,424 | +€27,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,233 | €16,424 | +€27,657 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.