Ferratis: 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.
Ferratis
Largest movements
- Cash -€69,147
down €69,147 (-42.3%), from €163,389 to €94,242
mainly Contributions, distributions and other (-€120,000) and Receivables within one year (-€3,234)
- Tangible fixed assets -€14,169
down €14,169 (-33.4%), from €42,430 to €28,262
of which Furniture and vehicles: -€11,100
- Receivables within one year +€3,234
up €3,234 (+250%), from €1,296 to €4,530
of which Other amounts receivable: +€3,234
- Reserves -€90,200
down €90,200 (-47.0%), from €192,000 to €101,800
- Tax, wage and social debts +€14,674
up €14,674 (+194%), from €7,545 to €22,219
- Other debts -€2,835
down €2,835 (-100%), from €2,835 to €0
- Gross operating margin -€15,904
down €15,904 (-23.1%), from €68,883 to €52,979
- Taxes -€2,520
down €2,520 (-22.3%), from €11,295 to €8,775
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 | €207,215 | €127,723 | -€79,492 | -38.4% |
| Fixed assets | 21/28 | €42,530 | €28,362 | -€14,169 | -33.3% |
| Tangible fixed assets | 22/27 | €42,430 | €28,262 | -€14,169 | -33.4% |
| Furniture and vehicles | 24 | €35,344 | €24,244 | -€11,100 | -31.4% |
| Other tangible fixed assets | 26 | €7,087 | €4,018 | -€3,069 | -43.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €164,685 | €99,361 | -€65,324 | -39.7% |
| Amounts receivable within one year | 40/41 | €1,296 | €4,530 | +€3,234 | +250% |
| Trade receivables | 40 | €1,296 | €1,296 | -€0 | 0.0% |
| Other amounts receivable | 41 | - | €3,234 | +€3,234 | |
| Cash at bank and in hand | 54/58 | €163,389 | €94,242 | -€69,147 | -42.3% |
| Deferred charges and accrued income | 490/1 | - | €589 | +€589 | |
| Total equity and liabilities | 10/49 | €207,215 | €127,723 | -€79,492 | -38.4% |
| Equity | 10/15 | €195,494 | €104,841 | -€90,653 | -46.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €192,000 | €101,800 | -€90,200 | -47.0% |
| Distributable reserves | 133 | €192,000 | €101,800 | -€90,200 | -47.0% |
| Profit (loss) carried forward | 14 | €494 | €41 | -€453 | -91.7% |
| Amounts payable | 17/49 | €11,721 | €22,882 | +€11,161 | +95.2% |
| Amounts payable within one year | 42/48 | €11,721 | €22,882 | +€11,161 | +95.2% |
| Trade debts | 44 | €1,341 | €663 | -€678 | -50.6% |
| Suppliers | 440/4 | €1,341 | €663 | -€678 | -50.6% |
| Taxes, remuneration and social security | 45 | €7,545 | €22,219 | +€14,674 | +194% |
| Taxes | 450/3 | €7,545 | €22,219 | +€14,674 | +194% |
| Other amounts payable | 47/48 | €2,835 | €0 | -€2,835 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,169 | €14,169 | = | 0.0% |
| Other operating charges | 640/8 | €692 | €569 | -€123 | -17.8% |
| Gross operating margin | 9900 | €68,883 | €52,979 | -€15,904 | -23.1% |
| Operating profit (loss) | 9901 | €54,022 | €38,242 | -€15,781 | -29.2% |
| Financial income | 75/76B | €0 | €77 | +€77 | +24,091% |
| Recurring financial income | 75 | €0 | €77 | +€77 | +24,091% |
| Financial charges | 65/66B | €162 | €197 | +€35 | +21.8% |
| Recurring financial charges | 65 | €162 | €197 | +€35 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €53,861 | €38,122 | -€15,739 | -29.2% |
| Income taxes | 67/77 | €11,295 | €8,775 | -€2,520 | -22.3% |
| Profit (loss) for the period | 9904 | €42,566 | €29,347 | -€13,219 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,566 | €29,347 | -€13,219 | -31.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.