Ferrero: 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
Ferrero
NACE 46.360, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.2m
2024 · €3.5m+€688,265
Equity
€7.9m
2024 · €7.2m+€688,265
Cash
€1.7m
2024 · €1.7m+€4,934
Balance sheet total
€95.3m
2024 · €82.0m+€13.3m
Largest movements
Assets
- Receivables within one year +€14.2m
up €14.2m (+23.4%), from €60.8m to €75.0m
of which Other amounts receivable: +€10.9m
Equity and liabilities
- Trade debts +€9.1m
up €9.1m (+21.0%), from €43.4m to €52.5m
- Other debts +€7.8m
up €7.8m (+42.0%), from €18.5m to €26.3m
- Provisions -€3.7m
down €3.7m (-77.8%), from €4.8m to €1.1m
Income statement
- Goods and materials +€29.0m
up €29.0m (+15.8%), from €184.0m to €213.1m
of which Purchases: +€25.3m
- Turnover +€23.2m
up €23.2m (+10.1%), from €229.7m to €252.9m
- Provisions -€4.9m
down €4.9m, from €3.0m to -€1.9m
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
€3.5m
Turnover
+€23.2m
Other operating income
+€1.3m
Goods and materials
-€29.0m
Services and other goods
-€1.2m
Staff costs
+€1.7m
Depreciation
+€29,267
Write-downs
+€9,186
Provisions
+€4.9m
Other operating charges
+€52,459
Other operating items
+€44,555
Financial income
-€254,484
Financial charges
-€10,322
Taxes
-€8,155
Result 2025
€4.2m
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
+€3.7m
Investment
-€211,497
Financing
-€3.5m
Cash 2024
€1.7m
From operations (derived)
+€3.7m
Net result for the year
+€4.2m
Depreciation
+€575,717
Stocks and contracts
+€283,820
Receivables within one year
-€14.2m
Deferred charges and accrued income
+€300,467
Provisions
-€3.7m
Trade debts
+€9.1m
Tax, wage and social debts
-€874,725
Other debts
+€7.8m
Accrued charges and deferred income
+€320,213
Investment (derived)
-€211,497
Investment in fixed assets (net)
-€211,497
Financing
-€3.5m
Contributions, distributions and other
-€3.5m
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,953,549 | €95,253,114 | +€13.3m | +16.2% |
| Fixed assets | 21/28 | €2,087,157 | €1,722,937 | -€364,220 | -17.5% |
| Intangible fixed assets | 21 | - | €55,000 | +€55,000 | |
| Tangible fixed assets | 22/27 | €2,041,651 | €1,622,431 | -€419,220 | -20.5% |
| Land and buildings | 22 | €929,433 | €819,686 | -€109,746 | -11.8% |
| Plant, machinery and equipment | 23 | €233,179 | €177,239 | -€55,940 | -24.0% |
| Furniture and vehicles | 24 | €675,895 | €529,312 | -€146,582 | -21.7% |
| Other tangible fixed assets | 26 | €199,953 | €93,091 | -€106,862 | -53.4% |
| Assets under construction and advance payments | 27 | €3,192 | €3,103 | -€90 | -2.8% |
| Financial fixed assets | 28 | €45,506 | €45,506 | = | 0.0% |
| Other financial fixed assets | 284/8 | €45,506 | €45,506 | = | 0.0% |
| Shares | 284 | €12,395 | €12,395 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €33,111 | €33,111 | = | 0.0% |
| Current assets | 29/58 | €79,866,392 | €93,530,177 | +€13.7m | +17.1% |
| Stocks and contracts in progress | 3 | €17,087,490 | €16,803,670 | -€283,820 | -1.7% |
| Stocks | 30/36 | €17,087,490 | €16,803,670 | -€283,820 | -1.7% |
| Raw materials and consumables | 30/31 | €1,053,761 | €1,065,057 | +€11,296 | +1.1% |
| Goods purchased for resale | 34 | €16,033,729 | €15,738,613 | -€295,116 | -1.8% |
| Amounts receivable within one year | 40/41 | €60,770,597 | €75,013,734 | +€14.2m | +23.4% |
| Trade receivables | 40 | €49,674,007 | €53,021,955 | +€3.3m | +6.7% |
| Other amounts receivable | 41 | €11,096,589 | €21,991,780 | +€10.9m | +98.2% |
| Cash at bank and in hand | 54/58 | €1,707,838 | €1,712,772 | +€4,934 | +0.3% |
| Deferred charges and accrued income | 490/1 | €300,467 | €0 | -€300,467 | -100.0% |
| Total equity and liabilities | 10/49 | €81,953,549 | €95,253,114 | +€13.3m | +16.2% |
| Equity | 10/15 | €7,232,522 | €7,920,787 | +€688,265 | +9.5% |
| Contributions | 10/11 | €3,375,000 | €3,375,000 | = | 0.0% |
| Capital | 10 | €3,375,000 | €3,375,000 | = | 0.0% |
| Issued capital | 100 | €3,375,000 | €3,375,000 | = | 0.0% |
| Reserves | 13 | €351,224 | €351,224 | = | 0.0% |
| Non-distributable reserves | 130/1 | €337,500 | €337,500 | = | 0.0% |
| Legal reserve | 130 | €337,500 | €337,500 | = | 0.0% |
| Distributable reserves | 133 | €13,724 | €13,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,506,298 | €4,194,563 | +€688,265 | +19.6% |
| Provisions and deferred taxes | 16 | €4,761,050 | €1,054,926 | -€3.7m | -77.8% |
| Provisions for liabilities and charges | 160/5 | €4,761,050 | €1,054,926 | -€3.7m | -77.8% |
| Pensions and similar obligations | 160 | €2,354,116 | €1,054,925 | -€1.3m | -55.2% |
| Environmental obligations | 163 | €2 | €2 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,406,933 | - | -€2.4m | |
| Amounts payable | 17/49 | €69,959,976 | €86,277,401 | +€16.3m | +23.3% |
| Amounts payable within one year | 42/48 | €68,672,810 | €84,670,022 | +€16.0m | +23.3% |
| Trade debts | 44 | €43,395,165 | €52,501,532 | +€9.1m | +21.0% |
| Suppliers | 440/4 | €43,395,165 | €52,501,532 | +€9.1m | +21.0% |
| Taxes, remuneration and social security | 45 | €6,770,520 | €5,895,795 | -€874,725 | -12.9% |
| Taxes | 450/3 | €1,599,812 | €1,219,802 | -€380,010 | -23.8% |
| Remuneration and social security | 454/9 | €5,170,708 | €4,675,993 | -€494,715 | -9.6% |
| Other amounts payable | 47/48 | €18,507,126 | €26,272,695 | +€7.8m | +42.0% |
| Accrued charges and deferred income | 492/3 | €1,287,166 | €1,607,379 | +€320,213 | +24.9% |
| Operating income | 70/76A | €241,971,227 | €266,490,941 | +€24.5m | +10.1% |
| Turnover | 70 | €229,708,240 | €252,916,751 | +€23.2m | +10.1% |
| Other operating income | 74 | €12,262,987 | €13,534,458 | +€1.3m | +10.4% |
| Non-recurring operating income | 76A | - | €39,732 | +€39,732 | |
| Operating charges | 60/66A | €237,416,229 | €260,974,716 | +€23.6m | +9.9% |
| Goods for resale, raw materials and consumables | 60 | €184,040,278 | €213,077,524 | +€29.0m | +15.8% |
| Purchases | 600/8 | €187,547,314 | €212,807,540 | +€25.3m | +13.5% |
| Change in stocks: decrease (increase) | 609 | -€3,507,036 | €269,985 | +€3.8m | |
| Services and other goods | 61 | €28,722,938 | €29,944,438 | +€1.2m | +4.3% |
| Remuneration, social security and pensions | 62 | €20,576,912 | €18,901,950 | -€1.7m | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604,985 | €575,717 | -€29,267 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €114,433 | €105,246 | -€9,186 | -8.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,035,724 | -€1,893,836 | -€4.9m | |
| Other operating charges | 640/8 | €316,136 | €263,677 | -€52,459 | -16.6% |
| Non-recurring operating charges | 66A | €4,823 | - | -€4,823 | |
| Operating profit (loss) | 9901 | €4,554,999 | €5,516,225 | +€961,226 | +21.1% |
| Financial income | 75/76B | €591,061 | €336,577 | -€254,484 | -43.1% |
| Recurring financial income | 75 | €591,061 | €336,577 | -€254,484 | -43.1% |
| Income from financial fixed assets | 750 | €591,061 | €336,577 | -€254,484 | -43.1% |
| Financial charges | 65/66B | €16,398 | €26,720 | +€10,322 | +63.0% |
| Recurring financial charges | 65 | €16,398 | €26,720 | +€10,322 | +63.0% |
| Debt charges | 650 | €0 | €24,728 | +€24,728 | +8242523.3% |
| Other financial charges | 652/9 | €16,397 | €1,992 | -€14,405 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €5,129,662 | €5,826,082 | +€696,420 | +13.6% |
| Income taxes | 67/77 | €1,623,364 | €1,631,519 | +€8,155 | +0.5% |
| Taxes | 670/3 | €1,623,364 | €1,631,519 | +€8,155 | +0.5% |
| Profit (loss) for the period | 9904 | €3,506,298 | €4,194,563 | +€688,265 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,506,298 | €4,194,563 | +€688,265 | +19.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.