FERO-INOX: 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.
FERO-INOX
Largest movements
- Receivables within one year -€51,240
down €51,240 (-22.8%), from €225,202 to €173,962
of which Trade receivables: -€41,088
- Tangible fixed assets -€2,862
down €2,862 (-100%), from €2,862 to €0
- Profit (loss) carried forward -€41,513
down €41,513 (-41.8%), from €99,429 to €57,916
- Trade debts -€33,316
down €33,316 (-76.3%), from €43,661 to €10,344
- Other debts +€24,335
up €24,335 (+268%), from €9,069 to €33,404
- Debts after one year -€9,511
down €9,511 (-34.0%), from €27,995 to €18,484
- Short-term financial debts +€4,964
up €4,964 (+15.6%), from €31,766 to €36,731
- Gross operating margin +€16,216
up €16,216 (+90.9%), from -€17,845 to -€1,629
- Financial income +€9,484
up €9,484 (+21,604%), from €44 to €9,528
- Financial charges +€2,102
up €2,102 (+30.0%), from €6,999 to €9,101
- Depreciation -€1,801
down €1,801 (-38.6%), from €4,663 to €2,862
- Other operating charges +€1,202
up €1,202 (+807%), from €149 to €1,351
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 | €229,431 | €175,858 | -€53,573 | -23.4% |
| Fixed assets | 21/28 | €2,862 | €0 | -€2,862 | -100% |
| Tangible fixed assets | 22/27 | €2,862 | €0 | -€2,862 | -100% |
| Furniture and vehicles | 24 | €2,862 | €0 | -€2,862 | -100% |
| Current assets | 29/58 | €226,569 | €175,858 | -€50,711 | -22.4% |
| Stocks and contracts in progress | 3 | €714 | €1,006 | +€293 | +41.0% |
| Stocks | 30/36 | €714 | €1,006 | +€293 | +41.0% |
| Amounts receivable within one year | 40/41 | €225,202 | €173,962 | -€51,240 | -22.8% |
| Trade receivables | 40 | €42,928 | €1,840 | -€41,088 | -95.7% |
| Other amounts receivable | 41 | €182,275 | €172,123 | -€10,152 | -5.6% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12 | €508 | +€497 | +4,277% |
| Deferred charges and accrued income | 490/1 | €641 | €381 | -€260 | -40.5% |
| Total equity and liabilities | 10/49 | €229,431 | €175,858 | -€53,573 | -23.4% |
| Equity | 10/15 | €107,489 | €65,976 | -€41,513 | -38.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,429 | €57,916 | -€41,513 | -41.8% |
| Amounts payable | 17/49 | €121,942 | €109,882 | -€12,059 | -9.9% |
| Amounts payable after more than one year | 17 | €27,995 | €18,484 | -€9,511 | -34.0% |
| Financial debts | 170/4 | €27,995 | €18,484 | -€9,511 | -34.0% |
| Amounts payable within one year | 42/48 | €93,947 | €90,696 | -€3,250 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €8,796 | €9,511 | +€715 | +8.1% |
| Financial debts | 43 | €31,766 | €36,731 | +€4,964 | +15.6% |
| Credit institutions | 430/8 | €31,766 | €36,731 | +€4,964 | +15.6% |
| Trade debts | 44 | €43,661 | €10,344 | -€33,316 | -76.3% |
| Suppliers | 440/4 | €43,661 | €10,344 | -€33,316 | -76.3% |
| Taxes, remuneration and social security | 45 | €655 | €706 | +€51 | +7.8% |
| Taxes | 450/3 | €655 | €706 | +€51 | +7.8% |
| Other amounts payable | 47/48 | €9,069 | €33,404 | +€24,335 | +268% |
| Accrued charges and deferred income | 492/3 | - | €703 | +€703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,663 | €2,862 | -€1,801 | -38.6% |
| Other operating charges | 640/8 | €149 | €1,351 | +€1,202 | +807% |
| Non-recurring operating charges | 66A | - | €35,958 | +€35,958 | |
| Gross operating margin | 9900 | -€17,845 | -€1,629 | +€16,216 | +90.9% |
| Operating profit (loss) | 9901 | -€22,657 | -€41,799 | -€19,142 | -84.5% |
| Financial income | 75/76B | €44 | €9,528 | +€9,484 | +21,604% |
| Recurring financial income | 75 | €44 | €9,528 | +€9,484 | +21,604% |
| Financial charges | 65/66B | €6,999 | €9,101 | +€2,102 | +30.0% |
| Recurring financial charges | 65 | €6,999 | €9,101 | +€2,102 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,612 | -€41,373 | -€11,761 | -39.7% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€29,752 | -€41,513 | -€11,762 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,752 | -€41,513 | -€11,762 | -39.5% |
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 25 October 2026 via checked.be.