FERREUM: 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.
What changed
FERREUM
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€24,000
2024 · €350,831-€326,832
Equity
€1.8m
2024 · €1.8m
Cash
€915,139
2024 · €1.2m-€286,432
Balance sheet total
€6.3m
2024 · €10.2m-€3.9m
Largest movements
Assets
- Receivables within one year -€3.4m
down €3.4m (-41.6%), from €8.1m to €4.7m
of which Trade receivables: -€3.2m
- Cash -€286,432
down €286,432 (-23.8%), from €1.2m to €915,139
mainly Short-term financial debts (-€2.9m) and Trade debts (-€1.2m)
- Stocks and contracts -€256,839
down €256,839 (-30.5%), from €840,811 to €583,972
Equity and liabilities
- Short-term financial debts -€2.9m
down €2.9m (-60.2%), from €4.8m to €1.9m
- Trade debts -€1.2m
down €1.2m (-46.4%), from €2.7m to €1.4m
- Other debts +€416,583
up €416,583 (+5,617%), from €7,417 to €424,000
- Tax, wage and social debts -€120,910
down €120,910 (-50.8%), from €237,885 to €116,975
of which Taxes: -€123,013
Income statement
- Turnover -€8.5m
down €8.5m (-28.7%), from €29.5m to €21.1m
- Goods and materials -€7.2m
down €7.2m (-28.1%), from €25.6m to €18.4m
of which Purchases: -€7.0m
- Financial income +€321,737
up €321,737 (+186%), from €172,691 to €494,428
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
€350,831
Turnover
-€8.5m
Other operating income
-€101,709
Goods and materials
+€7.2m
Services and other goods
-€37,692
Staff costs
-€68
Depreciation
+€4,237
Write-downs
-€9,737
Other operating charges
+€29,280
Other operating items
+€464,126
Financial income
+€321,737
Financial charges
+€158,708
Taxes
+€113,884
Result 2025
€24,000
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.7m
Investment
-€2,722
Financing
-€2.9m
Cash 2024
€1.2m
From operations (derived)
+€2.7m
Net result for the year
+€24,000
Depreciation
+€32,756
Stocks and contracts
+€256,839
Receivables within one year
+€3.4m
Deferred charges and accrued income
-€3,609
Trade debts
-€1.2m
Tax, wage and social debts
-€120,910
Other debts
+€416,583
Accrued charges and deferred income
-€66,086
Investment (derived)
-€2,722
Investment in fixed assets (net)
-€2,722
Financing
-€2.9m
Short-term financial debts
-€2.9m
Contributions, distributions and other
-€24,000
Cash 2025
€915,139
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,211,037 | €6,288,970 | -€3.9m | -38.4% |
| Fixed assets | 21/28 | €82,087 | €52,053 | -€30,033 | -36.6% |
| Tangible fixed assets | 22/27 | €81,947 | €51,913 | -€30,033 | -36.6% |
| Furniture and vehicles | 24 | €77,267 | €49,579 | -€27,689 | -35.8% |
| Other tangible fixed assets | 26 | €4,680 | €2,335 | -€2,345 | -50.1% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Other financial fixed assets | 284/8 | €140 | €140 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €10,128,950 | €6,236,917 | -€3.9m | -38.4% |
| Stocks and contracts in progress | 3 | €840,811 | €583,972 | -€256,839 | -30.5% |
| Stocks | 30/36 | €840,811 | €583,972 | -€256,839 | -30.5% |
| Goods purchased for resale | 34 | €840,811 | €583,972 | -€256,839 | -30.5% |
| Amounts receivable within one year | 40/41 | €8,065,066 | €4,712,696 | -€3.4m | -41.6% |
| Trade receivables | 40 | €7,578,318 | €4,384,994 | -€3.2m | -42.1% |
| Other amounts receivable | 41 | €486,748 | €327,702 | -€159,046 | -32.7% |
| Cash at bank and in hand | 54/58 | €1,201,572 | €915,139 | -€286,432 | -23.8% |
| Deferred charges and accrued income | 490/1 | €21,501 | €25,109 | +€3,609 | +16.8% |
| Total equity and liabilities | 10/49 | €10,211,037 | €6,288,970 | -€3.9m | -38.4% |
| Equity | 10/15 | €1,843,414 | €1,843,414 | = | 0.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,343,414 | €1,343,414 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €1,293,414 | €1,293,414 | = | 0.0% |
| Amounts payable | 17/49 | €8,367,622 | €4,445,556 | -€3.9m | -46.9% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Subordinated loans | 170 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,759,887 | €3,903,907 | -€3.9m | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €4,837,814 | €1,927,446 | -€2.9m | -60.2% |
| Credit institutions | 430/8 | €4,837,814 | €1,927,446 | -€2.9m | -60.2% |
| Trade debts | 44 | €2,676,772 | €1,435,486 | -€1.2m | -46.4% |
| Suppliers | 440/4 | €2,676,772 | €1,435,486 | -€1.2m | -46.4% |
| Taxes, remuneration and social security | 45 | €237,885 | €116,975 | -€120,910 | -50.8% |
| Taxes | 450/3 | €168,985 | €45,972 | -€123,013 | -72.8% |
| Remuneration and social security | 454/9 | €68,900 | €71,003 | +€2,103 | +3.1% |
| Other amounts payable | 47/48 | €7,417 | €424,000 | +€416,583 | +5,617% |
| Accrued charges and deferred income | 492/3 | €107,735 | €41,649 | -€66,086 | -61.3% |
| Operating income | 70/76A | €28,357,424 | €20,267,828 | -€8.1m | -28.5% |
| Turnover | 70 | €29,508,580 | €21,054,283 | -€8.5m | -28.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,258,710 | -€792,677 | +€466,033 | +37.0% |
| Other operating income | 74 | €107,553 | €5,844 | -€101,709 | -94.6% |
| Non-recurring operating income | 76A | - | €378 | +€378 | |
| Operating charges | 60/66A | €27,119,463 | €19,951,028 | -€7.2m | -26.4% |
| Goods for resale, raw materials and consumables | 60 | €25,567,705 | €18,383,005 | -€7.2m | -28.1% |
| Purchases | 600/8 | €25,175,532 | €18,126,166 | -€7.0m | -28.0% |
| Change in stocks: decrease (increase) | 609 | €392,173 | €256,839 | -€135,334 | -34.5% |
| Services and other goods | 61 | €846,600 | €884,292 | +€37,692 | +4.5% |
| Remuneration, social security and pensions | 62 | €632,548 | €632,616 | +€68 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,993 | €32,756 | -€4,237 | -11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,737 | +€9,737 | |
| Other operating charges | 640/8 | €31,814 | €2,533 | -€29,280 | -92.0% |
| Non-recurring operating charges | 66A | €3,804 | €6,089 | +€2,285 | +60.1% |
| Operating profit (loss) | 9901 | €1,237,960 | €316,800 | -€921,160 | -74.4% |
| Financial income | 75/76B | €172,691 | €494,428 | +€321,737 | +186% |
| Recurring financial income | 75 | €172,691 | €494,428 | +€321,737 | +186% |
| Other financial income | 752/9 | €172,691 | €494,428 | +€321,737 | +186% |
| Financial charges | 65/66B | €929,893 | €771,185 | -€158,708 | -17.1% |
| Recurring financial charges | 65 | €929,893 | €771,185 | -€158,708 | -17.1% |
| Debt charges | 650 | €309,920 | €260,173 | -€49,747 | -16.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €619,972 | €511,012 | -€108,960 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €480,759 | €40,044 | -€440,715 | -91.7% |
| Income taxes | 67/77 | €129,928 | €16,044 | -€113,884 | -87.7% |
| Taxes | 670/3 | €129,928 | €16,044 | -€113,884 | -87.7% |
| Profit (loss) for the period | 9904 | €350,831 | €24,000 | -€326,832 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €350,831 | €24,000 | -€326,832 | -93.2% |
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 13 October 2026 via checked.be.