Ferinvest: 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.
Ferinvest
Largest movements
- Receivables within one year -€160,936
down €160,936 (-33.5%), from €481,016 to €320,080
- Deferred charges and accrued income -€62,027
no longer reported in 2025 (was €62,027)
- Tangible fixed assets +€39,925
up €39,925 (+14.5%), from €275,475 to €315,400
of which Land and buildings: +€46,649
- Cash -€29,212
down €29,212 (-51.4%), from €56,780 to €27,568
mainly Trade debts (-€178,813) and Tax, wage and social debts (-€72,138)
- Trade debts -€178,813
down €178,813 (-87.3%), from €204,709 to €25,896
- Tax, wage and social debts -€72,138
no longer reported in 2025 (was €72,138)
- Current portion of long-term debt +€39,735
up €39,735 (+649%), from €6,118 to €45,853
- Reserves -€12,214
down €12,214 (-4.4%), from €279,773 to €267,559
- Other debts +€11,500
up €11,500 (+1,611%), from €714 to €12,214
- Gross operating margin -€240,054
down €240,054 (-96.6%), from €248,387 to €8,333
- Taxes -€72,138
no longer reported in 2025 (was €72,138)
- Financial charges -€11,107
down €11,107 (-62.1%), from €17,880 to €6,773
- Financial income +€10,287
up €10,287 (+167%), from €6,154 to €16,441
- Depreciation +€4,360
up €4,360 (+99.7%), from €4,372 to €8,732
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.
Derived cash bridge
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 | €875,298 | €663,048 | -€212,250 | -24.2% |
| Fixed assets | 21/28 | €275,475 | €315,400 | +€39,925 | +14.5% |
| Tangible fixed assets | 22/27 | €275,475 | €315,400 | +€39,925 | +14.5% |
| Land and buildings | 22 | €245,911 | €292,560 | +€46,649 | +19.0% |
| Plant, machinery and equipment | 23 | €1,742 | €1,008 | -€734 | -42.2% |
| Furniture and vehicles | 24 | €27,822 | €21,832 | -€5,990 | -21.5% |
| Current assets | 29/58 | €599,823 | €347,648 | -€252,175 | -42.0% |
| Amounts receivable within one year | 40/41 | €481,016 | €320,080 | -€160,936 | -33.5% |
| Other amounts receivable | 41 | €481,016 | €320,080 | -€160,936 | -33.5% |
| Cash at bank and in hand | 54/58 | €56,780 | €27,568 | -€29,212 | -51.4% |
| Deferred charges and accrued income | 490/1 | €62,027 | - | -€62,027 | |
| Total equity and liabilities | 10/49 | €875,298 | €663,048 | -€212,250 | -24.2% |
| Equity | 10/15 | €424,657 | €404,832 | -€19,825 | -4.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €279,773 | €267,559 | -€12,214 | -4.4% |
| Distributable reserves | 133 | €279,773 | €267,559 | -€12,214 | -4.4% |
| Profit (loss) carried forward | 14 | €126,334 | €118,722 | -€7,612 | -6.0% |
| Amounts payable | 17/49 | €450,641 | €258,217 | -€192,424 | -42.7% |
| Amounts payable after more than one year | 17 | €166,962 | €174,254 | +€7,292 | +4.4% |
| Financial debts | 170/4 | €166,962 | €174,254 | +€7,292 | +4.4% |
| Amounts payable within one year | 42/48 | €283,679 | €83,963 | -€199,716 | -70.4% |
| Current portion of amounts payable after more than one year | 42 | €6,118 | €45,853 | +€39,735 | +649% |
| Trade debts | 44 | €204,709 | €25,896 | -€178,813 | -87.3% |
| Suppliers | 440/4 | €204,709 | €25,896 | -€178,813 | -87.3% |
| Taxes, remuneration and social security | 45 | €72,138 | - | -€72,138 | |
| Taxes | 450/3 | €72,138 | - | -€72,138 | |
| Other amounts payable | 47/48 | €714 | €12,214 | +€11,500 | +1,611% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,372 | €8,732 | +€4,360 | +99.7% |
| Other operating charges | 640/8 | €16,411 | €16,882 | +€471 | +2.9% |
| Gross operating margin | 9900 | €248,387 | €8,333 | -€240,054 | -96.6% |
| Operating profit (loss) | 9901 | €227,604 | -€17,280 | -€244,884 | |
| Financial income | 75/76B | €6,154 | €16,441 | +€10,287 | +167% |
| Recurring financial income | 75 | €6,154 | €16,441 | +€10,287 | +167% |
| Financial charges | 65/66B | €17,880 | €6,773 | -€11,107 | -62.1% |
| Recurring financial charges | 65 | €17,880 | €6,773 | -€11,107 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €215,878 | -€7,612 | -€223,490 | |
| Income taxes | 67/77 | €72,138 | - | -€72,138 | |
| Profit (loss) for the period | 9904 | €143,740 | -€7,612 | -€151,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €143,740 | -€7,612 | -€151,352 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.