Ferox P: 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.
Ferox P
Largest movements
- Tangible fixed assets +€41,023
up €41,023 (+4.7%), from €866,861 to €907,884
of which Land and buildings: +€51,267
- Receivables within one year +€19,126
up €19,126 (+61.4%), from €31,141 to €50,268
of which Trade receivables: +€16,110
- Cash -€15,403
down €15,403 (-64.5%), from €23,889 to €8,486
mainly Investment in fixed assets (net) (-€109,435) and Debts after one year (-€66,152)
- Deferred charges and accrued income -€10,198
down €10,198 (-67.2%), from €15,164 to €4,966
- Other debts +€75,003
up €75,003 (+588.0%), from €12,755 to €87,758
- Debts after one year -€66,152
down €66,152 (-9.8%), from €674,297 to €608,146
- Profit (loss) carried forward +€13,125
up €13,125 (+180.4%), from €7,277 to €20,403
- Other operating charges -€58,408
down €58,408 (-93.5%), from €62,457 to €4,049
- Depreciation +€22,608
up €22,608 (+47.5%), from €47,589 to €70,197
- Financial charges +€19,985
up €19,985 (+379.2%), from €5,271 to €25,256
- Gross operating margin -€3,256
down €3,256 (-1.6%), from €198,066 to €194,809
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 | €943,474 | €976,238 | +€32,764 | +3.5% |
| Fixed assets | 21/28 | €873,280 | €912,518 | +€39,238 | +4.5% |
| Intangible fixed assets | 21 | €6,419 | €4,634 | -€1,785 | -27.8% |
| Tangible fixed assets | 22/27 | €866,861 | €907,884 | +€41,023 | +4.7% |
| Land and buildings | 22 | €843,259 | €894,527 | +€51,267 | +6.1% |
| Plant, machinery and equipment | 23 | €5,499 | €2,829 | -€2,670 | -48.6% |
| Furniture and vehicles | 24 | €18,102 | €10,528 | -€7,574 | -41.8% |
| Current assets | 29/58 | €70,194 | €63,720 | -€6,474 | -9.2% |
| Amounts receivable within one year | 40/41 | €31,141 | €50,268 | +€19,126 | +61.4% |
| Trade receivables | 40 | €15,753 | €31,862 | +€16,110 | +102.3% |
| Other amounts receivable | 41 | €15,388 | €18,405 | +€3,017 | +19.6% |
| Cash at bank and in hand | 54/58 | €23,889 | €8,486 | -€15,403 | -64.5% |
| Deferred charges and accrued income | 490/1 | €15,164 | €4,966 | -€10,198 | -67.2% |
| Total equity and liabilities | 10/49 | €943,474 | €976,238 | +€32,764 | +3.5% |
| Equity | 10/15 | €175,269 | €195,672 | +€20,403 | +11.6% |
| Contributions | 10/11 | €73,600 | €73,600 | = | 0.0% |
| Reserves | 13 | €94,392 | €101,669 | +€7,277 | +7.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €94,392 | €101,669 | +€7,277 | +7.7% |
| Profit (loss) carried forward | 14 | €7,277 | €20,403 | +€13,125 | +180.4% |
| Amounts payable | 17/49 | €768,205 | €780,566 | +€12,361 | +1.6% |
| Amounts payable after more than one year | 17 | €674,297 | €608,146 | -€66,152 | -9.8% |
| Financial debts | 170/4 | €674,297 | €608,146 | -€66,152 | -9.8% |
| Amounts payable within one year | 42/48 | €93,908 | €172,421 | +€78,513 | +83.6% |
| Current portion of amounts payable after more than one year | 42 | €57,404 | €60,014 | +€2,610 | +4.5% |
| Financial debts | 43 | €7,500 | €0 | -€7,500 | -100.0% |
| Credit institutions | 430/8 | €7,500 | €0 | -€7,500 | -100.0% |
| Trade debts | 44 | €2,153 | €1,619 | -€535 | -24.8% |
| Suppliers | 440/4 | €2,153 | €1,619 | -€535 | -24.8% |
| Taxes, remuneration and social security | 45 | €14,095 | €23,029 | +€8,935 | +63.4% |
| Taxes | 450/3 | €6,394 | €14,409 | +€8,015 | +125.4% |
| Remuneration and social security | 454/9 | €7,701 | €8,620 | +€920 | +11.9% |
| Other amounts payable | 47/48 | €12,755 | €87,758 | +€75,003 | +588.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €73,484 | €73,910 | +€426 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,589 | €70,197 | +€22,608 | +47.5% |
| Other operating charges | 640/8 | €62,457 | €4,049 | -€58,408 | -93.5% |
| Gross operating margin | 9900 | €198,066 | €194,809 | -€3,256 | -1.6% |
| Operating profit (loss) | 9901 | €14,536 | €46,654 | +€32,118 | +221.0% |
| Financial income | 75/76B | €14 | €15 | +€1 | +4.4% |
| Recurring financial income | 75 | €14 | €15 | +€1 | +4.4% |
| Financial charges | 65/66B | €5,271 | €25,256 | +€19,985 | +379.2% |
| Recurring financial charges | 65 | €5,271 | €25,256 | +€19,985 | +379.2% |
| Profit (loss) for the period before taxes | 9903 | €9,279 | €21,412 | +€12,133 | +130.8% |
| Income taxes | 67/77 | €2 | €1,010 | +€1,008 | +63794.3% |
| Profit (loss) for the period | 9904 | €9,277 | €20,403 | +€11,125 | +119.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,277 | €20,403 | +€11,125 | +119.9% |
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.