FERRBATIR: 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.
FERRBATIR
Largest movements
- Receivables within one year +€178,921
up €178,921 (+140%), from €127,520 to €306,442
of which Other amounts receivable: +€139,033
- Cash +€17,668
up €17,668 (+63.4%), from €27,884 to €45,552
mainly Net result for the year (+€138,945) and Trade debts (+€35,787)
- Tangible fixed assets +€13,312
up €13,312 (+102%), from €13,065 to €26,377
of which Furniture and vehicles: +€8,746
- Deferred charges and accrued income -€7,944
down €7,944 (-42.5%), from €18,707 to €10,763
- Profit (loss) carried forward +€138,945
up €138,945 (+404%), from €34,352 to €173,297
- Trade debts +€35,787
up €35,787 (+114%), from €31,289 to €67,076
- Tax, wage and social debts +€23,491
up €23,491 (+86.2%), from €27,250 to €50,741
of which Taxes: +€23,938
- Advances received +€4,043
up €4,043 (+4.7%), from €85,539 to €89,582
- Gross operating margin +€169,257
up €169,257 (+402%), from €42,136 to €211,392
- Taxes +€38,675
up €38,675 (+747%), from €5,176 to €43,851
- Financial charges +€9,074
up €9,074 (+271%), from €3,348 to €12,422
of which Non-recurring financial charges: +€7,112
- Depreciation +€4,381
up €4,381 (+147%), from €2,976 to €7,357
- Staff costs -€4,112
down €4,112 (-32.4%), from €12,698 to €8,585
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 | €193,739 | €395,696 | +€201,957 | +104% |
| Fixed assets | 21/28 | €14,627 | €27,939 | +€13,312 | +91.0% |
| Tangible fixed assets | 22/27 | €13,065 | €26,377 | +€13,312 | +102% |
| Plant, machinery and equipment | 23 | €5,072 | €9,725 | +€4,653 | +91.7% |
| Furniture and vehicles | 24 | €7,560 | €16,306 | +€8,746 | +116% |
| Other tangible fixed assets | 26 | €433 | €345 | -€88 | -20.3% |
| Financial fixed assets | 28 | €1,562 | €1,562 | = | 0.0% |
| Current assets | 29/58 | €179,112 | €367,757 | +€188,645 | +105% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €127,520 | €306,442 | +€178,921 | +140% |
| Trade receivables | 40 | €27,761 | €67,649 | +€39,888 | +144% |
| Other amounts receivable | 41 | €99,759 | €238,792 | +€139,033 | +139% |
| Cash at bank and in hand | 54/58 | €27,884 | €45,552 | +€17,668 | +63.4% |
| Deferred charges and accrued income | 490/1 | €18,707 | €10,763 | -€7,944 | -42.5% |
| Total equity and liabilities | 10/49 | €193,739 | €395,696 | +€201,957 | +104% |
| Equity | 10/15 | €49,352 | €188,297 | +€138,945 | +282% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,352 | €173,297 | +€138,945 | +404% |
| Amounts payable | 17/49 | €144,387 | €207,399 | +€63,012 | +43.6% |
| Amounts payable within one year | 42/48 | €144,387 | €207,399 | +€63,012 | +43.6% |
| Trade debts | 44 | €31,289 | €67,076 | +€35,787 | +114% |
| Suppliers | 440/4 | €31,289 | €67,076 | +€35,787 | +114% |
| Advances received on contracts in progress | 46 | €85,539 | €89,582 | +€4,043 | +4.7% |
| Taxes, remuneration and social security | 45 | €27,250 | €50,741 | +€23,491 | +86.2% |
| Taxes | 450/3 | €25,089 | €49,027 | +€23,938 | +95.4% |
| Remuneration and social security | 454/9 | €2,161 | €1,714 | -€447 | -20.7% |
| Other amounts payable | 47/48 | €309 | - | -€309 | |
| Remuneration, social security and pensions | 62 | €12,698 | €8,585 | -€4,112 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,976 | €7,357 | +€4,381 | +147% |
| Other operating charges | 640/8 | €3,366 | €5,386 | +€2,021 | +60.0% |
| Gross operating margin | 9900 | €42,136 | €211,392 | +€169,257 | +402% |
| Operating profit (loss) | 9901 | €23,096 | €190,064 | +€166,967 | +723% |
| Financial income | 75/76B | €1,970 | €5,155 | +€3,185 | +162% |
| Recurring financial income | 75 | €1,970 | €5,155 | +€3,185 | +162% |
| Financial charges | 65/66B | €3,348 | €12,422 | +€9,074 | +271% |
| Recurring financial charges | 65 | €1,539 | €3,502 | +€1,962 | +127% |
| Non-recurring financial charges | 66B | €1,809 | €8,921 | +€7,112 | +393% |
| Profit (loss) for the period before taxes | 9903 | €21,717 | €182,796 | +€161,079 | +742% |
| Income taxes | 67/77 | €5,176 | €43,851 | +€38,675 | +747% |
| Profit (loss) for the period | 9904 | €16,541 | €138,945 | +€122,403 | +740% |
| Profit (loss) for the period to be appropriated | 9905 | €16,541 | €138,945 | +€122,403 | +740% |
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 14 October 2026 via checked.be.