Ferret Solutions: 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.
Ferret Solutions
Largest movements
- Cash +€9,433
up €9,433 (+43.5%), from €21,664 to €31,097
mainly Other debts (+€32,932) and Net result for the year (+€26,613)
- Receivables within one year -€8,411
down €8,411 (-15.6%), from €53,945 to €45,534
of which Trade receivables: -€8,411
- Other debts +€32,932
up €32,932 (+262%), from €12,593 to €45,526
- Reserves -€24,336
down €24,336 (-55.9%), from €43,551 to €19,215
- Trade debts -€6,939
down €6,939 (-58.0%), from €11,962 to €5,023
- Tax, wage and social debts -€1,070
down €1,070 (-11.5%), from €9,304 to €8,233
- Gross operating margin +€16,689
up €16,689 (+73.6%), from €22,691 to €39,380
- Taxes +€2,984
up €2,984 (+62.9%), from €4,747 to €7,731
- Other operating charges +€1,582
up €1,582 (+1,341%), from €118 to €1,700
- Financial charges +€661
up €661 (+29.5%), from €2,240 to €2,901
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 | €77,410 | €77,997 | +€587 | +0.8% |
| Fixed assets | 21/28 | €1,801 | €1,367 | -€435 | -24.1% |
| Tangible fixed assets | 22/27 | €1,801 | €1,367 | -€435 | -24.1% |
| Plant, machinery and equipment | 23 | €1,801 | €1,367 | -€435 | -24.1% |
| Current assets | 29/58 | €75,609 | €76,631 | +€1,022 | +1.4% |
| Amounts receivable within one year | 40/41 | €53,945 | €45,534 | -€8,411 | -15.6% |
| Trade receivables | 40 | €51,692 | €43,281 | -€8,411 | -16.3% |
| Other amounts receivable | 41 | €2,253 | €2,253 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,664 | €31,097 | +€9,433 | +43.5% |
| Total equity and liabilities | 10/49 | €77,410 | €77,997 | +€587 | +0.8% |
| Equity | 10/15 | €43,551 | €19,215 | -€24,336 | -55.9% |
| Reserves | 13 | €43,551 | €19,215 | -€24,336 | -55.9% |
| Distributable reserves | 133 | €43,551 | €19,215 | -€24,336 | -55.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €33,859 | €58,782 | +€24,923 | +73.6% |
| Amounts payable within one year | 42/48 | €33,859 | €58,782 | +€24,923 | +73.6% |
| Trade debts | 44 | €11,962 | €5,023 | -€6,939 | -58.0% |
| Suppliers | 440/4 | €11,962 | €5,023 | -€6,939 | -58.0% |
| Taxes, remuneration and social security | 45 | €9,304 | €8,233 | -€1,070 | -11.5% |
| Taxes | 450/3 | €9,304 | €8,233 | -€1,070 | -11.5% |
| Other amounts payable | 47/48 | €12,593 | €45,526 | +€32,932 | +262% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611 | €435 | -€176 | -28.9% |
| Other operating charges | 640/8 | €118 | €1,700 | +€1,582 | +1,341% |
| Gross operating margin | 9900 | €22,691 | €39,380 | +€16,689 | +73.6% |
| Operating profit (loss) | 9901 | €21,962 | €37,245 | +€15,284 | +69.6% |
| Financial charges | 65/66B | €2,240 | €2,901 | +€661 | +29.5% |
| Recurring financial charges | 65 | €2,240 | €2,901 | +€661 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €19,722 | €34,344 | +€14,622 | +74.1% |
| Income taxes | 67/77 | €4,747 | €7,731 | +€2,984 | +62.9% |
| Profit (loss) for the period | 9904 | €14,975 | €26,613 | +€11,639 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,975 | €26,613 | +€11,639 | +77.7% |
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 25 October 2026 via checked.be.