FERRITUDO: 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.
FERRITUDO
Largest movements
- Receivables after one year +€7.5m
up €7.5m (+11,289%), from €66,667 to €7.6m
- Financial fixed assets -€3.1m
down €3.1m (-98.4%), from €3.2m to €49,509
- Receivables within one year +€194,313
up €194,313 (+22.2%), from €873,579 to €1.1m
of which Other amounts receivable: +€194,313
- Reserves +€4.4m
up €4.4m (+118%), from €3.7m to €8.1m
- Other debts +€265,000
up €265,000 (+143%), from €185,000 to €450,000
- Financial income +€4.4m
up €4.4m (+280%), from €1.6m to €6.0m
of which Non-recurring financial income: +€5.7m
- Gross operating margin -€31,539
down €31,539 (-11.8%), from €267,384 to €235,846
- Taxes -€11,144
down €11,144 (-13.6%), from €81,691 to €70,547
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 | €4,180,179 | €8,799,026 | +€4.6m | +110% |
| Fixed assets | 21/28 | €3,181,557 | €49,509 | -€3.1m | -98.4% |
| Financial fixed assets | 28 | €3,181,557 | €49,509 | -€3.1m | -98.4% |
| Current assets | 29/58 | €998,623 | €8,749,517 | +€7.8m | +776% |
| Amounts receivable after more than one year | 29 | €66,667 | €7,592,638 | +€7.5m | +11,289% |
| Other amounts receivable | 291 | €66,667 | €7,592,638 | +€7.5m | +11,289% |
| Amounts receivable within one year | 40/41 | €873,579 | €1,067,893 | +€194,313 | +22.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €873,579 | €1,067,893 | +€194,313 | +22.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53,981 | €88,987 | +€35,006 | +64.8% |
| Deferred charges and accrued income | 490/1 | €4,396 | €0 | -€4,396 | -100% |
| Total equity and liabilities | 10/49 | €4,180,179 | €8,799,026 | +€4.6m | +110% |
| Equity | 10/15 | €3,934,287 | €8,346,989 | +€4.4m | +112% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €3,734,287 | €8,146,989 | +€4.4m | +118% |
| Distributable reserves | 133 | €3,734,287 | €8,146,989 | +€4.4m | +118% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €245,893 | €452,037 | +€206,144 | +83.8% |
| Amounts payable within one year | 42/48 | €245,893 | €452,037 | +€206,144 | +83.8% |
| Trade debts | 44 | €32,509 | €2,037 | -€30,472 | -93.7% |
| Suppliers | 440/4 | €32,509 | €2,037 | -€30,472 | -93.7% |
| Taxes, remuneration and social security | 45 | €28,383 | €0 | -€28,383 | -100% |
| Taxes | 450/3 | €28,383 | €0 | -€28,383 | -100% |
| Other amounts payable | 47/48 | €185,000 | €450,000 | +€265,000 | +143% |
| Other operating charges | 640/8 | €1,086 | €2,073 | +€987 | +91.0% |
| Gross operating margin | 9900 | €267,384 | €235,846 | -€31,539 | -11.8% |
| Operating profit (loss) | 9901 | €266,299 | €233,773 | -€32,526 | -12.2% |
| Financial income | 75/76B | €1,576,920 | €5,999,804 | +€4.4m | +280% |
| Recurring financial income | 75 | €1,576,920 | €301,300 | -€1.3m | -80.9% |
| Non-recurring financial income | 76B | - | €5,698,504 | +€5.7m | |
| Financial charges | 65/66B | €266 | €328 | +€61 | +23.1% |
| Recurring financial charges | 65 | €266 | €328 | +€61 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €1,842,953 | €6,233,249 | +€4.4m | +238% |
| Income taxes | 67/77 | €81,691 | €70,547 | -€11,144 | -13.6% |
| Profit (loss) for the period | 9904 | €1,761,262 | €6,162,702 | +€4.4m | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €1,761,262 | €6,162,702 | +€4.4m | +250% |
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.