FERROCOM INVESTMENT: 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.
FERROCOM INVESTMENT
Largest movements
- Cash +€18,948
up €18,948 (+15.2%), from €124,920 to €143,868
mainly Net result for the year (+€25,455) and Other debts (+€2,100)
- Profit (loss) carried forward +€25,455
up €25,455 (+17.5%), from -€145,279 to -€119,824
- Tax, wage and social debts -€5,609
down €5,609 (-100%), from €5,609 to €0
- Other debts +€2,100
up €2,100 (+20.1%), from €10,450 to €12,550
- Accrued charges and deferred income -€2,000
down €2,000 (-100%), from €2,000 to €0
- Gross operating margin -€12,476
down €12,476 (-30.6%), from €40,756 to €28,280
- Other operating charges -€463
down €463 (-15.0%), from €3,091 to €2,628
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 | €152,831 | €171,017 | +€18,186 | +11.9% |
| Fixed assets | 21/28 | €27,308 | €26,337 | -€971 | -3.6% |
| Tangible fixed assets | 22/27 | €27,308 | €26,337 | -€971 | -3.6% |
| Land and buildings | 22 | €27,308 | €26,337 | -€971 | -3.6% |
| Current assets | 29/58 | €125,523 | €144,680 | +€19,158 | +15.3% |
| Amounts receivable within one year | 40/41 | €258 | €508 | +€249 | +96.6% |
| Trade receivables | 40 | €212 | €228 | +€17 | +7.9% |
| Other amounts receivable | 41 | €47 | €279 | +€233 | +500% |
| Cash at bank and in hand | 54/58 | €124,920 | €143,868 | +€18,948 | +15.2% |
| Deferred charges and accrued income | 490/1 | €344 | €305 | -€40 | -11.6% |
| Total equity and liabilities | 10/49 | €152,831 | €171,017 | +€18,186 | +11.9% |
| Equity | 10/15 | -€77,079 | -€51,624 | +€25,455 | +33.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,279 | -€119,824 | +€25,455 | +17.5% |
| Amounts payable | 17/49 | €229,910 | €222,642 | -€7,268 | -3.2% |
| Amounts payable after more than one year | 17 | €211,216 | €210,092 | -€1,125 | -0.5% |
| Financial debts | 170/4 | €211,216 | €210,092 | -€1,125 | -0.5% |
| Amounts payable within one year | 42/48 | €16,694 | €12,550 | -€4,144 | -24.8% |
| Trade debts | 44 | €635 | €0 | -€635 | -100% |
| Suppliers | 440/4 | €635 | €0 | -€635 | -100% |
| Taxes, remuneration and social security | 45 | €5,609 | €0 | -€5,609 | -100% |
| Taxes | 450/3 | €5,609 | €0 | -€5,609 | -100% |
| Other amounts payable | 47/48 | €10,450 | €12,550 | +€2,100 | +20.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €971 | = | 0.0% |
| Other operating charges | 640/8 | €3,091 | €2,628 | -€463 | -15.0% |
| Gross operating margin | 9900 | €40,756 | €28,280 | -€12,476 | -30.6% |
| Operating profit (loss) | 9901 | €36,694 | €24,681 | -€12,013 | -32.7% |
| Financial income | 75/76B | €942 | €931 | -€11 | -1.2% |
| Recurring financial income | 75 | €942 | €931 | -€11 | -1.2% |
| Financial charges | 65/66B | €100 | €110 | +€10 | +9.7% |
| Recurring financial charges | 65 | €100 | €110 | +€10 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €37,535 | €25,502 | -€12,034 | -32.1% |
| Income taxes | 67/77 | €201 | €47 | -€154 | -76.8% |
| Profit (loss) for the period | 9904 | €37,335 | €25,455 | -€11,880 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,335 | €25,455 | -€11,880 | -31.8% |
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 24 October 2026 via checked.be.