FERRO RENOVATION: 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.
FERRO RENOVATION
Largest movements
- Cash +€89,460
up €89,460 (+263%), from €34,056 to €123,515
mainly Net result for the year (+€68,252) and Tax, wage and social debts (+€30,989)
- Profit (loss) carried forward +€68,252
up €68,252 (+65.4%), from €104,402 to €172,654
- Tax, wage and social debts +€30,989
up €30,989 (+148%), from €20,950 to €51,938
of which Remuneration and social security: +€36,114
- Trade debts -€4,466
no longer reported in 2025 (was €4,466)
- Debts after one year -€4,291
down €4,291 (-48.2%), from €8,902 to €4,611
- Turnover +€227,571
up €227,571 (+41.5%), from €548,054 to €775,625
- Gross operating margin +€177,304
up €177,304 (+139%), from €127,414 to €304,717
- Staff costs +€142,807
up €142,807 (+192%), from €74,232 to €217,039
- Purchases and services +€50,265
up €50,265 (+11.9%), from €420,642 to €470,907
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 | €146,780 | €237,263 | +€90,484 | +61.6% |
| Fixed assets | 21/28 | €19,240 | €19,818 | +€579 | +3.0% |
| Tangible fixed assets | 22/27 | €17,944 | €18,522 | +€579 | +3.2% |
| Plant, machinery and equipment | 23 | €365 | €2,722 | +€2,357 | +646% |
| Furniture and vehicles | 24 | €17,578 | €15,800 | -€1,778 | -10.1% |
| Financial fixed assets | 28 | €1,296 | €1,296 | = | 0.0% |
| Current assets | 29/58 | €127,540 | €217,445 | +€89,905 | +70.5% |
| Amounts receivable within one year | 40/41 | €93,485 | €93,930 | +€445 | +0.5% |
| Trade receivables | 40 | €23,070 | €35,071 | +€12,001 | +52.0% |
| Other amounts receivable | 41 | €70,415 | €58,859 | -€11,556 | -16.4% |
| Cash at bank and in hand | 54/58 | €34,056 | €123,515 | +€89,460 | +263% |
| Total equity and liabilities | 10/49 | €146,780 | €237,263 | +€90,484 | +61.6% |
| Equity | 10/15 | €112,462 | €180,714 | +€68,252 | +60.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,402 | €172,654 | +€68,252 | +65.4% |
| Amounts payable | 17/49 | €34,318 | €56,549 | +€22,232 | +64.8% |
| Amounts payable after more than one year | 17 | €8,902 | €4,611 | -€4,291 | -48.2% |
| Financial debts | 170/4 | €8,902 | €4,611 | -€4,291 | -48.2% |
| Amounts payable within one year | 42/48 | €25,415 | €51,938 | +€26,523 | +104% |
| Trade debts | 44 | €4,466 | - | -€4,466 | |
| Suppliers | 440/4 | €4,466 | - | -€4,466 | |
| Taxes, remuneration and social security | 45 | €20,950 | €51,938 | +€30,989 | +148% |
| Taxes | 450/3 | €5,125 | - | -€5,125 | |
| Remuneration and social security | 454/9 | €15,824 | €51,938 | +€36,114 | +228% |
| Turnover | 70 | €548,054 | €775,625 | +€227,571 | +41.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €420,642 | €470,907 | +€50,265 | +11.9% |
| Remuneration, social security and pensions | 62 | €74,232 | €217,039 | +€142,807 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,477 | €7,755 | +€278 | +3.7% |
| Other operating charges | 640/8 | €486 | €3,358 | +€2,872 | +591% |
| Gross operating margin | 9900 | €127,414 | €304,717 | +€177,304 | +139% |
| Operating profit (loss) | 9901 | €45,219 | €76,566 | +€31,347 | +69.3% |
| Financial income | 75/76B | €2,770 | €3,297 | +€527 | +19.0% |
| Recurring financial income | 75 | €2,770 | €3,297 | +€527 | +19.0% |
| Financial charges | 65/66B | €1,257 | €733 | -€524 | -41.7% |
| Recurring financial charges | 65 | €1,257 | €733 | -€524 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €46,731 | €79,129 | +€32,398 | +69.3% |
| Income taxes | 67/77 | €4,058 | €10,877 | +€6,819 | +168% |
| Profit (loss) for the period | 9904 | €42,673 | €68,252 | +€25,579 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,673 | €68,252 | +€25,579 | +59.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.