FERRANTI COMPUTER SYSTEMS: 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.
What changed
FERRANTI COMPUTER SYSTEMS
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.6m
2024 · €2.9m+€708,211
Equity
€12.9m
2024 · €9.3m+€3.6m
Cash
€1.6m
2024 · €3.7m-€2.1m
Balance sheet total
€21.8m
2024 · €19.7m+€2.1m
Largest movements
Assets
- Current investments +€5.5m
up €5.5m (+743374.3%), from €740 to €5.5m
- Cash -€2.1m
down €2.1m (-57.0%), from €3.7m to €1.6m
mainly Current investments (-€5.5m) and Investment in fixed assets (net) (-€5.4m)
- Stocks and contracts -€960,044
down €960,044 (-25.1%), from €3.8m to €2.9m
- Receivables within one year -€942,568
down €942,568 (-16.4%), from €5.8m to €4.8m
of which Trade receivables: -€1.2m
- Intangible fixed assets +€482,372
up €482,372 (+10.6%), from €4.6m to €5.0m
Equity and liabilities
- Profit (loss) carried forward +€3.2m
no longer reported in 2025 (was -€3.2m)
- Other debts -€679,658
no longer reported in 2025 (was €679,658)
- Reserves +€381,376
up €381,376 (+73.2%), from €521,095 to €902,471
of which Distributable reserves: +€362,306
- Debts after one year -€297,641
down €297,641 (-60.4%), from €492,859 to €195,218
of which Financial debts: -€319,001
- Short-term financial debts -€222,100
no longer reported in 2025 (was €222,100)
Income statement
- Turnover +€1.9m
up €1.9m (+5.1%), from €36.3m to €38.2m
- Services and other goods +€1.1m
up €1.1m (+17.6%), from €6.5m to €7.6m
- Financial income +€945,896
up €945,896 (+1201.3%), from €78,740 to €1.0m
- Goods and materials +€748,899
up €748,899 (+5.6%), from €13.3m to €14.1m
- Depreciation +€694,726
up €694,726 (+15.2%), from €4.6m to €5.3m
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.
Result 2024
€2.9m
Turnover
+€1.9m
Other operating income
+€8,680
Goods and materials
-€748,899
Services and other goods
-€1.1m
Staff costs
-€543,030
Depreciation
-€694,726
Provisions
+€199,922
Other operating charges
+€130,609
Other operating items
+€446,942
Financial income
+€945,896
Financial charges
+€54,645
Taxes
+€195,106
Result 2025
€3.6m
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.
From operations
+€9.4m
Investment
-€10.9m
Financing
-€514,294
Cash 2024
€3.7m
From operations (derived)
+€9.4m
Net result for the year
+€3.6m
Depreciation
+€5.3m
Stocks and contracts
+€960,044
Receivables within one year
+€942,568
Deferred charges and accrued income
-€379,561
Provisions
-€144,557
Trade debts
-€111,914
Tax, wage and social debts
+€59,370
Advances received
-€21,137
Other debts
-€679,658
Accrued charges and deferred income
-€127,605
Investment (derived)
-€10.9m
Investment in fixed assets (net)
-€5.4m
Current investments
-€5.5m
Financing
-€514,294
Debts after one year
-€297,641
Current portion of long-term debt
+€5,446
Short-term financial debts
-€222,100
Contributions, distributions and other
+€1
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,701,115 | €21,751,662 | +€2.1m | +10.4% |
| Fixed assets | 21/28 | €6,351,461 | €6,513,833 | +€162,372 | +2.6% |
| Intangible fixed assets | 21 | €4,565,695 | €5,048,067 | +€482,372 | +10.6% |
| Tangible fixed assets | 22/27 | €663,338 | €343,338 | -€320,000 | -48.2% |
| Plant, machinery and equipment | 23 | €408,892 | €236,432 | -€172,460 | -42.2% |
| Furniture and vehicles | 24 | €1,608 | €4,893 | +€3,285 | +204.3% |
| Leasing and similar rights | 25 | €156,048 | - | -€156,048 | |
| Other tangible fixed assets | 26 | €96,790 | €102,013 | +€5,223 | +5.4% |
| Financial fixed assets | 28 | €1,122,428 | €1,122,428 | +€0 | 0.0% |
| Affiliated companies | 280/1 | €1,118,213 | €1,118,213 | +€0 | 0.0% |
| Participating interests | 280 | €1,118,213 | €1,118,213 | +€0 | 0.0% |
| Other financial fixed assets | 284/8 | €4,215 | €4,215 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,215 | €4,215 | = | 0.0% |
| Current assets | 29/58 | €13,349,654 | €15,237,829 | +€1.9m | +14.1% |
| Stocks and contracts in progress | 3 | €3,820,600 | €2,860,556 | -€960,044 | -25.1% |
| Contracts in progress | 37 | €3,820,600 | €2,860,556 | -€960,044 | -25.1% |
| Amounts receivable within one year | 40/41 | €5,754,047 | €4,811,479 | -€942,568 | -16.4% |
| Trade receivables | 40 | €5,743,171 | €4,541,767 | -€1.2m | -20.9% |
| Other amounts receivable | 41 | €10,876 | €269,712 | +€258,836 | +2379.9% |
| Current investments | 50/53 | €740 | €5,500,743 | +€5.5m | +743374.3% |
| Other investments | 51/53 | €740 | €5,500,743 | +€5.5m | +743374.3% |
| Cash at bank and in hand | 54/58 | €3,662,685 | €1,573,907 | -€2.1m | -57.0% |
| Deferred charges and accrued income | 490/1 | €111,583 | €491,144 | +€379,561 | +340.2% |
| Total equity and liabilities | 10/49 | €19,701,115 | €21,751,662 | +€2.1m | +10.4% |
| Equity | 10/15 | €9,312,127 | €12,902,471 | +€3.6m | +38.6% |
| Contributions | 10/11 | €12,000,000 | €12,000,000 | = | 0.0% |
| Capital | 10 | €12,000,000 | €12,000,000 | = | 0.0% |
| Issued capital | 100 | €12,000,000 | €12,000,000 | = | 0.0% |
| Reserves | 13 | €521,095 | €902,471 | +€381,376 | +73.2% |
| Non-distributable reserves | 130/1 | €25,000 | €44,069 | +€19,069 | +76.3% |
| Legal reserve | 130 | €25,000 | €44,069 | +€19,069 | +76.3% |
| Tax-exempt reserves | 132 | €69,832 | €69,832 | +€0 | 0.0% |
| Distributable reserves | 133 | €426,264 | €788,570 | +€362,306 | +85.0% |
| Profit (loss) carried forward | 14 | -€3,208,968 | - | +€3.2m | |
| Provisions and deferred taxes | 16 | €177,132 | €32,575 | -€144,557 | -81.6% |
| Provisions for liabilities and charges | 160/5 | €177,132 | €32,575 | -€144,557 | -81.6% |
| Other liabilities and charges | 164/5 | €177,132 | €32,575 | -€144,557 | -81.6% |
| Amounts payable | 17/49 | €10,211,856 | €8,816,616 | -€1.4m | -13.7% |
| Amounts payable after more than one year | 17 | €492,859 | €195,218 | -€297,641 | -60.4% |
| Financial debts | 170/4 | €492,859 | €173,858 | -€319,001 | -64.7% |
| Leasing and similar obligations | 172 | €155,959 | €33,779 | -€122,180 | -78.3% |
| Other loans | 174 | €336,900 | €140,079 | -€196,821 | -58.4% |
| Other amounts payable | 178/9 | - | €21,360 | +€21,360 | |
| Amounts payable within one year | 42/48 | €7,795,185 | €6,825,191 | -€969,994 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €116,734 | €122,180 | +€5,446 | +4.7% |
| Financial debts | 43 | €222,100 | - | -€222,100 | |
| Credit institutions | 430/8 | €222,100 | - | -€222,100 | |
| Trade debts | 44 | €2,342,001 | €2,230,087 | -€111,914 | -4.8% |
| Suppliers | 440/4 | €2,342,001 | €2,230,087 | -€111,914 | -4.8% |
| Advances received on contracts in progress | 46 | €2,431,355 | €2,410,218 | -€21,137 | -0.9% |
| Taxes, remuneration and social security | 45 | €2,003,336 | €2,062,706 | +€59,370 | +3.0% |
| Taxes | 450/3 | €73,548 | €74,120 | +€572 | +0.8% |
| Remuneration and social security | 454/9 | €1,929,788 | €1,988,586 | +€58,798 | +3.0% |
| Other amounts payable | 47/48 | €679,658 | - | -€679,658 | |
| Accrued charges and deferred income | 492/3 | €1,923,812 | €1,796,207 | -€127,605 | -6.6% |
| Operating income | 70/76A | €41,533,121 | €43,836,367 | +€2.3m | +5.5% |
| Turnover | 70 | €36,322,612 | €38,176,182 | +€1.9m | +5.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,034,879 | -€960,044 | +€74,835 | +7.2% |
| Own construction capitalised | 72 | €5,033,060 | €5,404,829 | +€371,769 | +7.4% |
| Other operating income | 74 | €1,206,720 | €1,215,400 | +€8,680 | +0.7% |
| Non-recurring operating income | 76A | €5,607 | - | -€5,607 | |
| Operating charges | 60/66A | €38,029,016 | €40,819,698 | +€2.8m | +7.3% |
| Goods for resale, raw materials and consumables | 60 | €13,318,998 | €14,067,897 | +€748,899 | +5.6% |
| Purchases | 600/8 | €13,318,998 | €14,067,897 | +€748,899 | +5.6% |
| Services and other goods | 61 | €6,496,264 | €7,636,767 | +€1.1m | +17.6% |
| Remuneration, social security and pensions | 62 | €13,347,280 | €13,890,310 | +€543,030 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,582,797 | €5,277,523 | +€694,726 | +15.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €55,365 | -€144,557 | -€199,922 | |
| Other operating charges | 640/8 | €222,367 | €91,758 | -€130,609 | -58.7% |
| Non-recurring operating charges | 66A | €5,945 | - | -€5,945 | |
| Operating profit (loss) | 9901 | €3,504,105 | €3,016,669 | -€487,436 | -13.9% |
| Financial income | 75/76B | €78,740 | €1,024,636 | +€945,896 | +1201.3% |
| Recurring financial income | 75 | €78,740 | €1,024,636 | +€945,896 | +1201.3% |
| Income from financial fixed assets | 750 | - | €914,077 | +€914,077 | |
| Income from current assets | 751 | €1,836 | €47,706 | +€45,870 | +2498.5% |
| Other financial income | 752/9 | €76,904 | €62,853 | -€14,051 | -18.3% |
| Financial charges | 65/66B | €482,984 | €428,339 | -€54,645 | -11.3% |
| Recurring financial charges | 65 | €482,984 | €428,339 | -€54,645 | -11.3% |
| Debt charges | 650 | €387,206 | €303,980 | -€83,226 | -21.5% |
| Other financial charges | 652/9 | €95,778 | €124,359 | +€28,581 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €3,099,861 | €3,612,966 | +€513,105 | +16.6% |
| Income taxes | 67/77 | €217,729 | €22,623 | -€195,106 | -89.6% |
| Taxes | 670/3 | €217,729 | €110,807 | -€106,922 | -49.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €88,184 | +€88,184 | |
| Profit (loss) for the period | 9904 | €2,882,132 | €3,590,343 | +€708,211 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,882,132 | €3,590,343 | +€708,211 | +24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.