FERRARO CONSULTANCY: 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.
FERRARO CONSULTANCY
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€44,966
down €44,966 (-51.8%), from €86,791 to €41,825
mainly Current investments (-€150,000) and Contributions, distributions and other (-€35,000)
- Tangible fixed assets -€10,571
down €10,571 (-15.8%), from €66,909 to €56,338
of which Furniture and vehicles: -€6,885
- Receivables within one year +€7,581
up €7,581 (+20.7%), from €36,578 to €44,160
of which Other amounts receivable: +€10,434
- Reserves +€102,865
up €102,865 (+114%), from €90,619 to €193,484
of which Distributable reserves: +€102,865
- Profit (loss) carried forward -€35,000
down €35,000 (-89.2%), from €39,242 to €4,242
- Other debts +€35,000
new in 2025: €35,000
- Gross operating margin +€18,563
up €18,563 (+12.6%), from €147,326 to €165,889
- Taxes +€6,122
up €6,122 (+13.6%), from €45,020 to €51,143
- Depreciation +€2,025
up €2,025 (+18.7%), from €10,827 to €12,852
- Other operating charges -€1,970
down €1,970 (-75.3%), from €2,617 to €647
- Financial income +€1,705
up €1,705 (+3,943%), from €43 to €1,749
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 | €191,094 | €293,402 | +€102,308 | +53.5% |
| Fixed assets | 21/28 | €66,909 | €56,338 | -€10,571 | -15.8% |
| Tangible fixed assets | 22/27 | €66,909 | €56,338 | -€10,571 | -15.8% |
| Furniture and vehicles | 24 | €35,933 | €29,048 | -€6,885 | -19.2% |
| Other tangible fixed assets | 26 | €30,976 | €27,291 | -€3,686 | -11.9% |
| Current assets | 29/58 | €124,185 | €237,064 | +€112,879 | +90.9% |
| Amounts receivable within one year | 40/41 | €36,578 | €44,160 | +€7,581 | +20.7% |
| Trade receivables | 40 | €35,816 | €32,963 | -€2,853 | -8.0% |
| Other amounts receivable | 41 | €762 | €11,197 | +€10,434 | +1,369% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €86,791 | €41,825 | -€44,966 | -51.8% |
| Deferred charges and accrued income | 490/1 | €816 | €1,079 | +€263 | +32.2% |
| Total equity and liabilities | 10/49 | €191,094 | €293,402 | +€102,308 | +53.5% |
| Equity | 10/15 | €142,261 | €210,126 | +€67,865 | +47.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €90,619 | €193,484 | +€102,865 | +114% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €88,759 | €191,624 | +€102,865 | +116% |
| Profit (loss) carried forward | 14 | €39,242 | €4,242 | -€35,000 | -89.2% |
| Amounts payable | 17/49 | €48,833 | €83,276 | +€34,443 | +70.5% |
| Amounts payable within one year | 42/48 | €48,833 | €83,276 | +€34,443 | +70.5% |
| Trade debts | 44 | €383 | €732 | +€349 | +91.2% |
| Suppliers | 440/4 | €383 | €732 | +€349 | +91.2% |
| Taxes, remuneration and social security | 45 | €48,450 | €47,544 | -€906 | -1.9% |
| Taxes | 450/3 | €48,450 | €47,544 | -€906 | -1.9% |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,827 | €12,852 | +€2,025 | +18.7% |
| Other operating charges | 640/8 | €2,617 | €647 | -€1,970 | -75.3% |
| Gross operating margin | 9900 | €147,326 | €165,889 | +€18,563 | +12.6% |
| Operating profit (loss) | 9901 | €133,882 | €152,390 | +€18,508 | +13.8% |
| Financial income | 75/76B | €43 | €1,749 | +€1,705 | +3,943% |
| Recurring financial income | 75 | €43 | €1,749 | +€1,705 | +3,943% |
| Financial charges | 65/66B | €146 | €131 | -€15 | -10.2% |
| Recurring financial charges | 65 | €146 | €131 | -€15 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €133,779 | €154,008 | +€20,229 | +15.1% |
| Income taxes | 67/77 | €45,020 | €51,143 | +€6,122 | +13.6% |
| Profit (loss) for the period | 9904 | €88,759 | €102,865 | +€14,106 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,759 | €102,865 | +€14,106 | +15.9% |
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 18 October 2026 via checked.be.