FERRO DESIGN: 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.
FERRO DESIGN
Largest movements
- Receivables within one year -€52,414
down €52,414 (-39.0%), from €134,264 to €81,850
of which Trade receivables: -€52,493
- Stocks and contracts +€26,619
up €26,619 (+111.1%), from €23,958 to €50,577
- Tangible fixed assets -€20,316
down €20,316 (-48.2%), from €42,171 to €21,855
of which Plant, machinery and equipment: -€13,898
- Cash +€19,258
up €19,258 (+105.9%), from €18,193 to €37,451
mainly Receivables within one year (+€52,414) and Depreciation (+€22,101)
- Debts after one year -€38,769
down €38,769 (-42.4%), from €91,361 to €52,593
- Other debts +€9,087
up €9,087 (+137.1%), from €6,630 to €15,717
- Profit (loss) carried forward +€5,210
up €5,210 (+8.6%), from -€60,343 to -€55,133
- Current portion of long-term debt -€4,273
down €4,273 (-10.7%), from €39,862 to €35,589
- Tax, wage and social debts +€2,505
up €2,505 (+5.9%), from €42,250 to €44,754
of which Taxes: +€8,376
- Gross operating margin +€118,968
up €118,968 (+57.0%), from €208,583 to €327,551
- Staff costs +€15,485
up €15,485 (+6.2%), from €248,843 to €264,328
- Other operating charges -€8,488
down €8,488 (-69.8%), from €12,153 to €3,664
- Depreciation -€6,306
down €6,306 (-22.2%), from €28,407 to €22,101
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.
Cash bridge derived
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 | €220,255 | €194,199 | -€26,056 | -11.8% |
| Fixed assets | 21/28 | €43,771 | €23,455 | -€20,316 | -46.4% |
| Tangible fixed assets | 22/27 | €42,171 | €21,855 | -€20,316 | -48.2% |
| Plant, machinery and equipment | 23 | €29,806 | €15,908 | -€13,898 | -46.6% |
| Furniture and vehicles | 24 | €4,525 | €1,042 | -€3,483 | -77.0% |
| Leasing and similar rights | 25 | €3,839 | - | -€3,839 | |
| Other tangible fixed assets | 26 | €4,001 | €4,906 | +€904 | +22.6% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €176,484 | €170,744 | -€5,740 | -3.3% |
| Stocks and contracts in progress | 3 | €23,958 | €50,577 | +€26,619 | +111.1% |
| Stocks | 30/36 | €23,958 | €50,577 | +€26,619 | +111.1% |
| Amounts receivable within one year | 40/41 | €134,264 | €81,850 | -€52,414 | -39.0% |
| Trade receivables | 40 | €125,175 | €72,682 | -€52,493 | -41.9% |
| Other amounts receivable | 41 | €9,089 | €9,168 | +€79 | +0.9% |
| Cash at bank and in hand | 54/58 | €18,193 | €37,451 | +€19,258 | +105.9% |
| Deferred charges and accrued income | 490/1 | €69 | €867 | +€797 | +1150.0% |
| Total equity and liabilities | 10/49 | €220,255 | €194,199 | -€26,056 | -11.8% |
| Equity | 10/15 | -€40,841 | -€35,632 | +€5,210 | +12.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,501 | €14,501 | = | 0.0% |
| Distributable reserves | 133 | €14,501 | €14,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,343 | -€55,133 | +€5,210 | +8.6% |
| Amounts payable | 17/49 | €261,096 | €229,831 | -€31,265 | -12.0% |
| Amounts payable after more than one year | 17 | €91,361 | €52,593 | -€38,769 | -42.4% |
| Financial debts | 170/4 | €91,361 | €52,593 | -€38,769 | -42.4% |
| Amounts payable within one year | 42/48 | €167,774 | €177,238 | +€9,464 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €39,862 | €35,589 | -€4,273 | -10.7% |
| Trade debts | 44 | €79,032 | €81,178 | +€2,146 | +2.7% |
| Suppliers | 440/4 | €79,032 | €81,178 | +€2,146 | +2.7% |
| Taxes, remuneration and social security | 45 | €42,250 | €44,754 | +€2,505 | +5.9% |
| Taxes | 450/3 | €2,729 | €11,105 | +€8,376 | +306.9% |
| Remuneration and social security | 454/9 | €39,521 | €33,650 | -€5,871 | -14.9% |
| Other amounts payable | 47/48 | €6,630 | €15,717 | +€9,087 | +137.1% |
| Accrued charges and deferred income | 492/3 | €1,961 | - | -€1,961 | |
| Remuneration, social security and pensions | 62 | €248,843 | €264,328 | +€15,485 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,407 | €22,101 | -€6,306 | -22.2% |
| Other operating charges | 640/8 | €12,153 | €3,664 | -€8,488 | -69.8% |
| Gross operating margin | 9900 | €208,583 | €327,551 | +€118,968 | +57.0% |
| Operating profit (loss) | 9901 | -€80,820 | €37,457 | +€118,277 | |
| Financial income | 75/76B | €9 | €155 | +€146 | +1680.5% |
| Recurring financial income | 75 | €9 | €155 | +€146 | +1680.5% |
| Financial charges | 65/66B | €17,362 | €18,786 | +€1,423 | +8.2% |
| Recurring financial charges | 65 | €17,362 | €18,786 | +€1,423 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€98,174 | €18,826 | +€117,000 | |
| Income taxes | 67/77 | €441 | €358 | -€83 | -18.8% |
| Profit (loss) for the period | 9904 | -€98,615 | €18,468 | +€117,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,615 | €18,468 | +€117,083 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.