Ferrodem: 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.
Ferrodem
Largest movements
- Receivables within one year +€60,576
up €60,576 (+150%), from €40,481 to €101,057
of which Trade receivables: +€42,147
- Cash +€13,646
up €13,646 (+17.9%), from €76,367 to €90,012
mainly Net result for the year (+€86,650) and Depreciation (+€815)
- Deferred charges and accrued income +€2,396
up €2,396 (+73.6%), from €3,255 to €5,651
- Reserves +€86,650
up €86,650 (+78.9%), from €109,763 to €196,413
- Tax, wage and social debts -€7,562
down €7,562 (-79.1%), from €9,565 to €2,003
of which Taxes: -€6,214
- Gross operating margin -€1,822
down €1,822 (-1.6%), from €111,941 to €110,119
- Financial income +€1,144
up €1,144 (+138%), from €826 to €1,970
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 | €125,831 | €203,981 | +€78,150 | +62.1% |
| Fixed assets | 21/28 | €5,727 | €7,260 | +€1,533 | +26.8% |
| Tangible fixed assets | 22/27 | €5,727 | €7,260 | +€1,533 | +26.8% |
| Plant, machinery and equipment | 23 | €4,873 | €4,356 | -€516 | -10.6% |
| Furniture and vehicles | 24 | €855 | €619 | -€236 | -27.6% |
| Other tangible fixed assets | 26 | - | €2,286 | +€2,286 | |
| Current assets | 29/58 | €120,103 | €196,720 | +€76,617 | +63.8% |
| Amounts receivable within one year | 40/41 | €40,481 | €101,057 | +€60,576 | +150% |
| Trade receivables | 40 | €13,552 | €55,699 | +€42,147 | +311% |
| Other amounts receivable | 41 | €26,929 | €45,358 | +€18,428 | +68.4% |
| Cash at bank and in hand | 54/58 | €76,367 | €90,012 | +€13,646 | +17.9% |
| Deferred charges and accrued income | 490/1 | €3,255 | €5,651 | +€2,396 | +73.6% |
| Total equity and liabilities | 10/49 | €125,831 | €203,981 | +€78,150 | +62.1% |
| Equity | 10/15 | €112,863 | €199,513 | +€86,650 | +76.8% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Reserves | 13 | €109,763 | €196,413 | +€86,650 | +78.9% |
| Distributable reserves | 133 | €109,763 | €196,413 | +€86,650 | +78.9% |
| Amounts payable | 17/49 | €12,968 | €4,468 | -€8,500 | -65.5% |
| Amounts payable within one year | 42/48 | €12,898 | €4,398 | -€8,500 | -65.9% |
| Trade debts | 44 | €3,332 | €2,395 | -€937 | -28.1% |
| Suppliers | 440/4 | €3,332 | €2,395 | -€937 | -28.1% |
| Taxes, remuneration and social security | 45 | €9,565 | €2,003 | -€7,562 | -79.1% |
| Taxes | 450/3 | €8,217 | €2,003 | -€6,214 | -75.6% |
| Remuneration and social security | 454/9 | €1,348 | €0 | -€1,348 | -100% |
| Accrued charges and deferred income | 492/3 | €70 | €70 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €815 | +€340 | +71.7% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €111,941 | €110,119 | -€1,822 | -1.6% |
| Operating profit (loss) | 9901 | €111,340 | €109,176 | -€2,164 | -1.9% |
| Financial income | 75/76B | €826 | €1,970 | +€1,144 | +138% |
| Recurring financial income | 75 | €826 | €1,970 | +€1,144 | +138% |
| Financial charges | 65/66B | €258 | €259 | +€0 | 0.0% |
| Recurring financial charges | 65 | €258 | €259 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €111,908 | €110,887 | -€1,021 | -0.9% |
| Income taxes | 67/77 | €24,441 | €24,237 | -€204 | -0.8% |
| Profit (loss) for the period | 9904 | €87,467 | €86,650 | -€817 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,467 | €86,650 | -€817 | -0.9% |
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 14 October 2026 via checked.be.