FERINOX CONCEPT: 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.
FERINOX CONCEPT
Largest movements
- Cash -€58,525
down €58,525 (-55.9%), from €104,753 to €46,227
mainly Receivables within one year (-€48,122) and Net result for the year (-€19,279)
- Receivables within one year +€48,122
up €48,122 (+47.8%), from €100,709 to €148,831
of which Trade receivables: +€29,569
- Tangible fixed assets -€37,693
down €37,693 (-33.4%), from €112,696 to €75,003
of which Furniture and vehicles: -€22,024
- Stocks and contracts +€4,045
up €4,045 (+11.7%), from €34,711 to €38,756
- Intangible fixed assets -€4,022
down €4,022 (-21.8%), from €18,418 to €14,396
- Profit (loss) carried forward -€19,279
down €19,279 (-54.2%), from -€35,549 to -€54,828
- Debts after one year -€17,255
down €17,255 (-44.1%), from €39,148 to €21,893
- Trade debts -€14,131
down €14,131 (-22.5%), from €62,700 to €48,569
- Current portion of long-term debt +€11,223
up €11,223 (+70.7%), from €15,864 to €27,087
- Accrued charges and deferred income -€5,539
down €5,539 (-74.0%), from €7,490 to €1,951
- Staff costs -€137,946
down €137,946 (-32.8%), from €420,882 to €282,936
- Gross operating margin -€100,551
down €100,551 (-25.5%), from €394,550 to €293,999
- Depreciation -€21,805
down €21,805 (-46.1%), from €47,280 to €25,474
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 | €374,359 | €325,983 | -€48,376 | -12.9% |
| Fixed assets | 21/28 | €131,333 | €89,618 | -€41,715 | -31.8% |
| Intangible fixed assets | 21 | €18,418 | €14,396 | -€4,022 | -21.8% |
| Tangible fixed assets | 22/27 | €112,696 | €75,003 | -€37,693 | -33.4% |
| Plant, machinery and equipment | 23 | €30,660 | €20,889 | -€9,771 | -31.9% |
| Furniture and vehicles | 24 | €37,723 | €15,699 | -€22,024 | -58.4% |
| Other tangible fixed assets | 26 | €44,313 | €38,415 | -€5,898 | -13.3% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €243,026 | €236,364 | -€6,661 | -2.7% |
| Stocks and contracts in progress | 3 | €34,711 | €38,756 | +€4,045 | +11.7% |
| Stocks | 30/36 | €34,711 | €38,756 | +€4,045 | +11.7% |
| Amounts receivable within one year | 40/41 | €100,709 | €148,831 | +€48,122 | +47.8% |
| Trade receivables | 40 | €95,709 | €125,278 | +€29,569 | +30.9% |
| Other amounts receivable | 41 | €5,000 | €23,554 | +€18,554 | +371.1% |
| Cash at bank and in hand | 54/58 | €104,753 | €46,227 | -€58,525 | -55.9% |
| Deferred charges and accrued income | 490/1 | €2,853 | €2,550 | -€304 | -10.6% |
| Total equity and liabilities | 10/49 | €374,359 | €325,983 | -€48,376 | -12.9% |
| Equity | 10/15 | €200,782 | €181,503 | -€19,279 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €217,731 | €217,731 | = | 0.0% |
| Distributable reserves | 133 | €217,731 | €217,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,549 | -€54,828 | -€19,279 | -54.2% |
| Amounts payable | 17/49 | €173,577 | €144,480 | -€29,097 | -16.8% |
| Amounts payable after more than one year | 17 | €39,148 | €21,893 | -€17,255 | -44.1% |
| Financial debts | 170/4 | €39,148 | €21,893 | -€17,255 | -44.1% |
| Amounts payable within one year | 42/48 | €126,939 | €120,636 | -€6,303 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €15,864 | €27,087 | +€11,223 | +70.7% |
| Trade debts | 44 | €62,700 | €48,569 | -€14,131 | -22.5% |
| Suppliers | 440/4 | €62,700 | €48,569 | -€14,131 | -22.5% |
| Taxes, remuneration and social security | 45 | €48,339 | €44,875 | -€3,464 | -7.2% |
| Taxes | 450/3 | €3,126 | €19,102 | +€15,976 | +511.1% |
| Remuneration and social security | 454/9 | €45,214 | €25,773 | -€19,440 | -43.0% |
| Other amounts payable | 47/48 | €36 | €105 | +€69 | +193.9% |
| Accrued charges and deferred income | 492/3 | €7,490 | €1,951 | -€5,539 | -74.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €420,882 | €282,936 | -€137,946 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,280 | €25,474 | -€21,805 | -46.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,969 | €2,026 | +€57 | +2.9% |
| Gross operating margin | 9900 | €394,550 | €293,999 | -€100,551 | -25.5% |
| Operating profit (loss) | 9901 | -€75,580 | -€16,437 | +€59,144 | +78.3% |
| Financial income | 75/76B | €10 | €390 | +€380 | +3784.9% |
| Recurring financial income | 75 | €10 | €390 | +€380 | +3784.9% |
| Financial charges | 65/66B | €3,705 | €3,232 | -€472 | -12.7% |
| Recurring financial charges | 65 | €3,705 | €3,232 | -€472 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€79,275 | -€19,279 | +€59,996 | +75.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€79,275 | -€19,279 | +€59,996 | +75.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,275 | -€19,279 | +€59,996 | +75.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.