Ferring: 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
Ferring
NACE 21.201, Manufacture of basic pharmaceutical products and pharmaceutical preparations
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€407,922
2023 · €649,371-€241,449
Equity
€2.6m
2023 · €3.7m-€1.1m
Cash
€77,368
2023 · €78,119-€751
Balance sheet total
€7.7m
2023 · €8.9m-€1.3m
Largest movements
Assets
- Stocks and contracts -€835,813
down €835,813 (-16.9%), from €4.9m to €4.1m
- Receivables within one year -€454,799
down €454,799 (-11.7%), from €3.9m to €3.4m
of which Trade receivables: -€369,209
Equity and liabilities
- Profit (loss) carried forward -€1.1m
down €1.1m (-32.4%), from €3.4m to €2.3m
- Trade debts -€991,604
down €991,604 (-33.9%), from €2.9m to €1.9m
- Short-term financial debts +€754,278
up €754,278 (+59.7%), from €1.3m to €2.0m
Income statement
- Goods and materials -€1.1m
down €1.1m (-7.6%), from €14.7m to €13.6m
of which Purchases: -€2.3m
- Turnover -€1.0m
down €1.0m (-4.9%), from €21.4m to €20.4m
- Services and other goods +€477,431
up €477,431 (+18.6%), from €2.6m to €3.0m
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.
Result 2023
€649,371
Turnover
-€1.0m
Other operating income
+€135,972
Goods and materials
+€1.1m
Services and other goods
-€477,431
Staff costs
-€110,803
Depreciation
+€2,418
Write-downs
+€167,084
Other operating charges
-€109,119
Other operating items
-€1
Financial income
+€324
Financial charges
-€3,482
Taxes
+€77,950
Result 2024
€407,922
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.
From operations
+€744,614
Investment
+€357
Financing
-€745,722
Cash 2023
€78,119
From operations (derived)
+€744,614
Net result for the year
+€407,922
Stocks and contracts
+€835,813
Receivables within one year
+€454,799
Deferred charges and accrued income
-€15,000
Trade debts
-€991,604
Tax, wage and social debts
+€18,831
Accrued charges and deferred income
+€33,853
Investment (derived)
+€357
Investment in fixed assets (net)
+€357
Financing
-€745,722
Short-term financial debts
+€754,278
Contributions, distributions and other
-€1.5m
Cash 2024
€77,368
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,945,602 | €7,668,881 | -€1.3m | -14.3% |
| Fixed assets | 21/28 | €11,990 | €11,633 | -€357 | -3.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,955 | €7,956 | +€1 | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €7,955 | €7,956 | +€1 | 0.0% |
| Financial fixed assets | 28 | €4,035 | €3,677 | -€358 | -8.9% |
| Other financial fixed assets | 284/8 | €4,035 | €3,677 | -€358 | -8.9% |
| Amounts receivable and cash guarantees | 285/8 | €4,035 | €3,677 | -€358 | -8.9% |
| Current assets | 29/58 | €8,933,612 | €7,657,249 | -€1.3m | -14.3% |
| Stocks and contracts in progress | 3 | €4,936,391 | €4,100,578 | -€835,813 | -16.9% |
| Stocks | 30/36 | €4,936,391 | €4,100,578 | -€835,813 | -16.9% |
| Goods purchased for resale | 34 | €4,936,391 | €4,100,578 | -€835,813 | -16.9% |
| Amounts receivable within one year | 40/41 | €3,899,102 | €3,444,303 | -€454,799 | -11.7% |
| Trade receivables | 40 | €3,696,366 | €3,327,157 | -€369,209 | -10.0% |
| Other amounts receivable | 41 | €202,737 | €117,145 | -€85,592 | -42.2% |
| Cash at bank and in hand | 54/58 | €78,119 | €77,368 | -€751 | -1.0% |
| Deferred charges and accrued income | 490/1 | €20,000 | €35,000 | +€15,000 | +75.0% |
| Total equity and liabilities | 10/49 | €8,945,602 | €7,668,881 | -€1.3m | -14.3% |
| Equity | 10/15 | €3,722,075 | €2,629,997 | -€1.1m | -29.3% |
| Contributions | 10/11 | €322,500 | €322,500 | = | 0.0% |
| Capital | 10 | €322,500 | €322,500 | = | 0.0% |
| Issued capital | 100 | €322,500 | €322,500 | = | 0.0% |
| Reserves | 13 | €32,250 | €32,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,250 | €32,250 | = | 0.0% |
| Legal reserve | 130 | €32,250 | €32,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,367,325 | €2,275,247 | -€1.1m | -32.4% |
| Amounts payable | 17/49 | €5,223,527 | €5,038,884 | -€184,643 | -3.5% |
| Amounts payable within one year | 42/48 | €4,934,139 | €4,715,643 | -€218,496 | -4.4% |
| Financial debts | 43 | €1,263,000 | €2,017,278 | +€754,278 | +59.7% |
| Credit institutions | 430/8 | €1,263,000 | €2,017,278 | +€754,278 | +59.7% |
| Trade debts | 44 | €2,927,139 | €1,935,535 | -€991,604 | -33.9% |
| Suppliers | 440/4 | €2,927,139 | €1,935,535 | -€991,604 | -33.9% |
| Taxes, remuneration and social security | 45 | €744,000 | €762,831 | +€18,831 | +2.5% |
| Taxes | 450/3 | €114,177 | €86,779 | -€27,398 | -24.0% |
| Remuneration and social security | 454/9 | €629,823 | €676,052 | +€46,229 | +7.3% |
| Accrued charges and deferred income | 492/3 | €289,388 | €323,241 | +€33,853 | +11.7% |
| Operating income | 70/76A | €21,617,134 | €20,710,901 | -€906,233 | -4.2% |
| Turnover | 70 | €21,442,376 | €20,400,171 | -€1.0m | -4.9% |
| Other operating income | 74 | €174,758 | €310,730 | +€135,972 | +77.8% |
| Operating charges | 60/66A | €20,677,777 | €20,087,785 | -€589,992 | -2.9% |
| Goods for resale, raw materials and consumables | 60 | €14,668,299 | €13,550,455 | -€1.1m | -7.6% |
| Purchases | 600/8 | €15,124,396 | €12,823,886 | -€2.3m | -15.2% |
| Change in stocks: decrease (increase) | 609 | -€456,097 | €726,569 | +€1.2m | |
| Services and other goods | 61 | €2,571,261 | €3,048,692 | +€477,431 | +18.6% |
| Remuneration, social security and pensions | 62 | €2,428,428 | €2,539,231 | +€110,803 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,418 | €0 | -€2,418 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,784 | -€130,300 | -€167,084 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €970,587 | €1,079,706 | +€109,119 | +11.2% |
| Operating profit (loss) | 9901 | €939,357 | €623,116 | -€316,241 | -33.7% |
| Financial income | 75/76B | €683 | €1,007 | +€324 | +47.4% |
| Recurring financial income | 75 | €683 | €1,007 | +€324 | +47.4% |
| Income from current assets | 751 | €683 | €1,007 | +€324 | +47.4% |
| Other financial income | 752/9 | €0 | €0 | = | |
| Financial charges | 65/66B | €49,719 | €53,201 | +€3,482 | +7.0% |
| Recurring financial charges | 65 | €49,719 | €53,201 | +€3,482 | +7.0% |
| Debt charges | 650 | €25,370 | €49,018 | +€23,648 | +93.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €24,349 | €4,183 | -€20,166 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €890,321 | €570,922 | -€319,399 | -35.9% |
| Income taxes | 67/77 | €240,950 | €163,000 | -€77,950 | -32.4% |
| Taxes | 670/3 | €245,000 | €163,000 | -€82,000 | -33.5% |
| Tax adjustments and reversals of tax provisions | 77 | €4,050 | €0 | -€4,050 | -100.0% |
| Profit (loss) for the period | 9904 | €649,371 | €407,922 | -€241,449 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €649,371 | €407,922 | -€241,449 | -37.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.