FERRIN TMJ: 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.
FERRIN TMJ
Largest movements
- Receivables within one year -€69,820
down €69,820 (-36.5%), from €191,158 to €121,338
of which Other amounts receivable: -€66,814
- Stocks and contracts -€29,680
down €29,680 (-100.0%), from €29,680 to €0
- Cash +€23,931
up €23,931 (+278.9%), from €8,582 to €32,512
mainly Receivables within one year (+€69,820) and Depreciation (+€42,108)
- Tangible fixed assets -€15,306
down €15,306 (-27.0%), from €56,781 to €41,474
of which Furniture and vehicles: -€21,883
- Profit (loss) carried forward -€74,914
down €74,914, from €70,503 to -€4,411
- Debts after one year -€33,263
down €33,263 (-70.8%), from €47,014 to €13,751
- Other debts +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Trade debts -€6,734
down €6,734 (-21.7%), from €31,001 to €24,267
- Gross operating margin -€197,167
down €197,167 (-99.5%), from €198,161 to €994
- Staff costs -€81,316
down €81,316 (-79.5%), from €102,298 to €20,982
- Depreciation -€28,047
down €28,047 (-40.0%), from €70,155 to €42,108
- Financial charges -€9,035
down €9,035 (-67.3%), from €13,418 to €4,383
- Other operating charges +€3,147
up €3,147 (+23.9%), from €13,184 to €16,331
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,834 | €195,957 | -€90,876 | -31.7% |
| Fixed assets | 21/28 | €56,781 | €41,474 | -€15,306 | -27.0% |
| Tangible fixed assets | 22/27 | €56,781 | €41,474 | -€15,306 | -27.0% |
| Plant, machinery and equipment | 23 | €24,695 | €31,271 | +€6,576 | +26.6% |
| Furniture and vehicles | 24 | €32,086 | €10,203 | -€21,883 | -68.2% |
| Current assets | 29/58 | €230,053 | €154,483 | -€75,570 | -32.8% |
| Stocks and contracts in progress | 3 | €29,680 | €0 | -€29,680 | -100.0% |
| Stocks | 30/36 | €29,680 | €0 | -€29,680 | -100.0% |
| Amounts receivable within one year | 40/41 | €191,158 | €121,338 | -€69,820 | -36.5% |
| Trade receivables | 40 | €20,285 | €17,279 | -€3,007 | -14.8% |
| Other amounts receivable | 41 | €170,873 | €104,059 | -€66,814 | -39.1% |
| Cash at bank and in hand | 54/58 | €8,582 | €32,512 | +€23,931 | +278.9% |
| Deferred charges and accrued income | 490/1 | €633 | €633 | = | 0.0% |
| Total equity and liabilities | 10/49 | €286,834 | €195,957 | -€90,876 | -31.7% |
| Equity | 10/15 | €78,563 | €3,649 | -€74,914 | -95.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,503 | -€4,411 | -€74,914 | |
| Amounts payable | 17/49 | €208,271 | €192,308 | -€15,962 | -7.7% |
| Amounts payable after more than one year | 17 | €47,014 | €13,751 | -€33,263 | -70.8% |
| Financial debts | 170/4 | €47,014 | €13,751 | -€33,263 | -70.8% |
| Amounts payable within one year | 42/48 | €161,257 | €178,558 | +€17,301 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €33,621 | €33,263 | -€358 | -1.1% |
| Trade debts | 44 | €31,001 | €24,267 | -€6,734 | -21.7% |
| Suppliers | 440/4 | €31,001 | €24,267 | -€6,734 | -21.7% |
| Taxes, remuneration and social security | 45 | €71,634 | €71,027 | -€607 | -0.8% |
| Taxes | 450/3 | €36,089 | €45,994 | +€9,904 | +27.4% |
| Remuneration and social security | 454/9 | €35,545 | €25,034 | -€10,512 | -29.6% |
| Other amounts payable | 47/48 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Remuneration, social security and pensions | 62 | €102,298 | €20,982 | -€81,316 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,155 | €42,108 | -€28,047 | -40.0% |
| Other operating charges | 640/8 | €13,184 | €16,331 | +€3,147 | +23.9% |
| Gross operating margin | 9900 | €198,161 | €994 | -€197,167 | -99.5% |
| Operating profit (loss) | 9901 | €12,524 | -€78,427 | -€90,951 | |
| Financial income | 75/76B | €7,208 | €7,896 | +€688 | +9.5% |
| Recurring financial income | 75 | €7,208 | €7,896 | +€688 | +9.5% |
| Financial charges | 65/66B | €13,418 | €4,383 | -€9,035 | -67.3% |
| Recurring financial charges | 65 | €13,418 | €4,383 | -€9,035 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €6,315 | -€74,914 | -€81,229 | |
| Income taxes | 67/77 | €79 | €0 | -€79 | -100.0% |
| Profit (loss) for the period | 9904 | €6,236 | -€74,914 | -€81,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,236 | -€74,914 | -€81,150 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.