FerMag: what changed
Two fiscal 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.
FerMag
Largest movements
- Receivables within one year +€51,774
up €51,774 (+19.9%), from €259,694 to €311,467
of which Trade receivables: +€32,315
- Stocks and contracts -€41,620
down €41,620 (-24.4%), from €170,470 to €128,850
- Cash -€10,607
down €10,607 (-28.3%), from €37,441 to €26,834
mainly Receivables within one year (-€51,774) and Debts after one year (-€24,889)
- Tangible fixed assets -€7,106
down €7,106 (-17.2%), from €41,249 to €34,143
- Other debts +€50,000
up €50,000 (+90.9%), from €55,000 to €105,000
- Debts after one year -€24,889
down €24,889 (-79.7%), from €31,233 to €6,344
- Trade debts -€23,780
down €23,780 (-7.7%), from €309,655 to €285,874
- Current portion of long-term debt -€6,684
down €6,684 (-20.9%), from €31,935 to €25,250
- Tax, wage and social debts -€5,166
down €5,166 (-18.7%), from €27,675 to €22,509
of which Taxes: -€10,675
- Staff costs +€29,062
up €29,062 (+242.2%), from €12,000 to €41,062
- Gross operating margin +€6,282
up €6,282 (+13.5%), from €46,395 to €52,677
- Taxes -€5,650
down €5,650 (-85.1%), from €6,637 to €987
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 | €508,853 | €501,293 | -€7,559 | -1.5% |
| Fixed assets | 21/28 | €41,249 | €34,143 | -€7,106 | -17.2% |
| Tangible fixed assets | 22/27 | €41,249 | €34,143 | -€7,106 | -17.2% |
| Plant, machinery and equipment | 23 | €23,200 | €20,300 | -€2,900 | -12.5% |
| Furniture and vehicles | 24 | €9,360 | €6,240 | -€3,120 | -33.3% |
| Other tangible fixed assets | 26 | €8,689 | €7,603 | -€1,086 | -12.5% |
| Current assets | 29/58 | €467,604 | €467,151 | -€453 | -0.1% |
| Stocks and contracts in progress | 3 | €170,470 | €128,850 | -€41,620 | -24.4% |
| Stocks | 30/36 | €170,470 | €128,850 | -€41,620 | -24.4% |
| Amounts receivable within one year | 40/41 | €259,694 | €311,467 | +€51,774 | +19.9% |
| Trade receivables | 40 | €259,694 | €292,009 | +€32,315 | +12.4% |
| Other amounts receivable | 41 | - | €19,459 | +€19,459 | |
| Cash at bank and in hand | 54/58 | €37,441 | €26,834 | -€10,607 | -28.3% |
| Total equity and liabilities | 10/49 | €508,853 | €501,293 | -€7,559 | -1.5% |
| Equity | 10/15 | €53,356 | €56,316 | +€2,960 | +5.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,356 | €36,316 | +€2,960 | +8.9% |
| Amounts payable | 17/49 | €455,497 | €444,978 | -€10,519 | -2.3% |
| Amounts payable after more than one year | 17 | €31,233 | €6,344 | -€24,889 | -79.7% |
| Financial debts | 170/4 | €31,233 | €6,344 | -€24,889 | -79.7% |
| Amounts payable within one year | 42/48 | €424,264 | €438,634 | +€14,370 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €31,935 | €25,250 | -€6,684 | -20.9% |
| Trade debts | 44 | €309,655 | €285,874 | -€23,780 | -7.7% |
| Suppliers | 440/4 | €309,655 | €285,874 | -€23,780 | -7.7% |
| Taxes, remuneration and social security | 45 | €27,675 | €22,509 | -€5,166 | -18.7% |
| Taxes | 450/3 | €24,389 | €13,713 | -€10,675 | -43.8% |
| Remuneration and social security | 454/9 | €3,286 | €8,795 | +€5,509 | +167.7% |
| Other amounts payable | 47/48 | €55,000 | €105,000 | +€50,000 | +90.9% |
| Remuneration, social security and pensions | 62 | €12,000 | €41,062 | +€29,062 | +242.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,106 | €7,106 | = | 0.0% |
| Other operating charges | 640/8 | €118 | - | -€118 | |
| Gross operating margin | 9900 | €46,395 | €52,677 | +€6,282 | +13.5% |
| Operating profit (loss) | 9901 | €27,171 | €4,509 | -€22,661 | -83.4% |
| Financial charges | 65/66B | €623 | €563 | -€60 | -9.7% |
| Recurring financial charges | 65 | €623 | €563 | -€60 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €26,547 | €3,946 | -€22,601 | -85.1% |
| Income taxes | 67/77 | €6,637 | €987 | -€5,650 | -85.1% |
| Profit (loss) for the period | 9904 | €19,910 | €2,960 | -€16,951 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,910 | €2,960 | -€16,951 | -85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.