FERRO SEAPORT: 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 SEAPORT
Largest movements
- Tangible fixed assets -€965,997
down €965,997 (-99.4%), from €971,547 to €5,550
of which Land and buildings: -€957,915
- Cash +€539,236
up €539,236 (+7354.6%), from €7,332 to €546,568
mainly Investment in fixed assets (net) (+€958,215) and Net result for the year (+€720,910)
- Deferred charges and accrued income -€196,000
down €196,000 (-80.7%), from €242,858 to €46,858
- Receivables within one year +€28,886
up €28,886 (+31.8%), from €90,951 to €119,837
of which Trade receivables: +€14,872
- Revaluation surpluses -€850,000
down €850,000 (-100.0%), from €850,000 to €0
- Reserves +€227,374
up €227,374 (+354.7%), from €64,100 to €291,474
of which Distributable reserves: +€227,374
- Short-term financial debts -€200,000
no longer reported in 2025 (was €200,000)
- Other debts +€151,943
up €151,943 (+69.7%), from €217,877 to €369,820
- Profit (loss) carried forward +€105,536
no longer reported in 2025 (was -€105,536)
- Gross operating margin +€782,586
up €782,586 (+1452.1%), from €53,893 to €836,479
- Taxes +€61,014
up €61,014 (+10666.8%), from €572 to €61,586
- Other operating charges -€8,514
down €8,514 (-82.7%), from €10,293 to €1,779
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 | €1,312,988 | €718,813 | -€594,175 | -45.3% |
| Fixed assets | 21/28 | €971,847 | €5,550 | -€966,297 | -99.4% |
| Tangible fixed assets | 22/27 | €971,547 | €5,550 | -€965,997 | -99.4% |
| Land and buildings | 22 | €957,915 | - | -€957,915 | |
| Furniture and vehicles | 24 | €13,632 | €5,550 | -€8,082 | -59.3% |
| Financial fixed assets | 28 | €300 | - | -€300 | |
| Current assets | 29/58 | €341,141 | €713,263 | +€372,122 | +109.1% |
| Amounts receivable within one year | 40/41 | €90,951 | €119,837 | +€28,886 | +31.8% |
| Trade receivables | 40 | €88,765 | €103,637 | +€14,872 | +16.8% |
| Other amounts receivable | 41 | €2,186 | €16,200 | +€14,014 | +641.1% |
| Cash at bank and in hand | 54/58 | €7,332 | €546,568 | +€539,236 | +7354.6% |
| Deferred charges and accrued income | 490/1 | €242,858 | €46,858 | -€196,000 | -80.7% |
| Total equity and liabilities | 10/49 | €1,312,988 | €718,813 | -€594,175 | -45.3% |
| Equity | 10/15 | €814,764 | €297,674 | -€517,090 | -63.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €850,000 | €0 | -€850,000 | -100.0% |
| Reserves | 13 | €64,100 | €291,474 | +€227,374 | +354.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €62,241 | €289,615 | +€227,374 | +365.3% |
| Profit (loss) carried forward | 14 | -€105,536 | - | +€105,536 | |
| Provisions and deferred taxes | 16 | - | €17,500 | +€17,500 | |
| Provisions for liabilities and charges | 160/5 | - | €17,500 | +€17,500 | |
| Other liabilities and charges | 164/5 | - | €17,500 | +€17,500 | |
| Amounts payable | 17/49 | €498,224 | €403,639 | -€94,585 | -19.0% |
| Amounts payable after more than one year | 17 | €1,842 | - | -€1,842 | |
| Financial debts | 170/4 | €1,842 | - | -€1,842 | |
| Amounts payable within one year | 42/48 | €496,382 | €403,639 | -€92,743 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €7,302 | €1,842 | -€5,460 | -74.8% |
| Financial debts | 43 | €200,000 | - | -€200,000 | |
| Credit institutions | 430/8 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €60,917 | €9,308 | -€51,609 | -84.7% |
| Suppliers | 440/4 | €60,917 | €9,308 | -€51,609 | -84.7% |
| Taxes, remuneration and social security | 45 | €10,286 | €22,669 | +€12,383 | +120.4% |
| Taxes | 450/3 | €4,969 | €13,847 | +€8,878 | +178.7% |
| Remuneration and social security | 454/9 | €5,317 | €8,822 | +€3,505 | +65.9% |
| Other amounts payable | 47/48 | €217,877 | €369,820 | +€151,943 | +69.7% |
| Non-recurring operating income | 76A | - | €800,000 | +€800,000 | |
| Remuneration, social security and pensions | 62 | €44,682 | €46,473 | +€1,791 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,252 | €8,082 | -€2,170 | -21.2% |
| Other operating charges | 640/8 | €10,293 | €1,779 | -€8,514 | -82.7% |
| Non-recurring operating charges | 66A | €18,482 | - | -€18,482 | |
| Gross operating margin | 9900 | €53,893 | €836,479 | +€782,586 | +1452.1% |
| Operating profit (loss) | 9901 | -€29,816 | €780,145 | +€809,961 | |
| Financial income | 75/76B | €68 | €7,734 | +€7,666 | +11273.5% |
| Recurring financial income | 75 | €68 | €7,734 | +€7,666 | +11273.5% |
| Financial charges | 65/66B | €13,161 | €5,383 | -€7,778 | -59.1% |
| Recurring financial charges | 65 | €13,161 | €5,383 | -€7,778 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,909 | €782,496 | +€825,405 | |
| Income taxes | 67/77 | €572 | €61,586 | +€61,014 | +10666.8% |
| Profit (loss) for the period | 9904 | -€43,481 | €720,910 | +€764,391 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,481 | €720,910 | +€764,391 |
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 6 October 2026 via checked.be.