FERRODUR: 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.
FERRODUR
Largest movements
- Current investments -€61,623
down €61,623 (-31.5%), from €195,758 to €134,135
- Cash -€49,803
down €49,803 (-82.7%), from €60,203 to €10,400
mainly Net result for the year (-€124,442) and Contributions, distributions and other (-€13,158)
- Receivables within one year -€15,125
down €15,125 (-11.0%), from €136,949 to €121,825
of which Other amounts receivable: -€27,478
- Profit (loss) carried forward -€127,074
down €127,074 (-183.3%), from -€69,323 to -€196,397
- Tax, wage and social debts +€14,727
up €14,727 (+168.2%), from €8,757 to €23,483
of which Remuneration and social security: +€9,719
- Reserves -€10,526
down €10,526 (-2.5%), from €422,746 to €412,220
of which Distributable reserves: -€10,526
- Current portion of long-term debt -€6,826
no longer reported in 2025 (was €6,826)
- Gross operating margin -€55,004
down €55,004 (-31.4%), from €175,149 to €120,145
- Staff costs -€9,573
down €9,573 (-4.0%), from €238,658 to €229,085
- Taxes +€2,644
up €2,644, from -€2,293 to €352
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 | €457,611 | €330,680 | -€126,931 | -27.7% |
| Fixed assets | 21/28 | €57,050 | €54,836 | -€2,213 | -3.9% |
| Tangible fixed assets | 22/27 | €56,839 | €54,625 | -€2,213 | -3.9% |
| Plant, machinery and equipment | 23 | €56,839 | €54,625 | -€2,213 | -3.9% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €400,562 | €275,844 | -€124,718 | -31.1% |
| Stocks and contracts in progress | 3 | €2,955 | €4,102 | +€1,147 | +38.8% |
| Stocks | 30/36 | €2,955 | €4,102 | +€1,147 | +38.8% |
| Amounts receivable within one year | 40/41 | €136,949 | €121,825 | -€15,125 | -11.0% |
| Trade receivables | 40 | €103,371 | €115,725 | +€12,354 | +12.0% |
| Other amounts receivable | 41 | €33,578 | €6,100 | -€27,478 | -81.8% |
| Current investments | 50/53 | €195,758 | €134,135 | -€61,623 | -31.5% |
| Cash at bank and in hand | 54/58 | €60,203 | €10,400 | -€49,803 | -82.7% |
| Deferred charges and accrued income | 490/1 | €4,696 | €5,382 | +€686 | +14.6% |
| Total equity and liabilities | 10/49 | €457,611 | €330,680 | -€126,931 | -27.7% |
| Equity | 10/15 | €419,280 | €281,679 | -€137,600 | -32.8% |
| Contributions | 10/11 | €65,857 | €65,857 | = | 0.0% |
| Capital | 10 | €65,857 | €65,857 | = | 0.0% |
| Issued capital | 100 | €65,857 | €65,857 | = | 0.0% |
| Reserves | 13 | €422,746 | €412,220 | -€10,526 | -2.5% |
| Non-distributable reserves | 130/1 | €6,586 | €6,586 | = | 0.0% |
| Legal reserve | 130 | €6,586 | €6,586 | = | 0.0% |
| Distributable reserves | 133 | €416,160 | €405,634 | -€10,526 | -2.5% |
| Profit (loss) carried forward | 14 | -€69,323 | -€196,397 | -€127,074 | -183.3% |
| Amounts payable | 17/49 | €38,332 | €49,001 | +€10,669 | +27.8% |
| Amounts payable within one year | 42/48 | €38,332 | €49,001 | +€10,669 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €6,826 | - | -€6,826 | |
| Trade debts | 44 | €17,886 | €21,690 | +€3,803 | +21.3% |
| Suppliers | 440/4 | €17,886 | €21,690 | +€3,803 | +21.3% |
| Taxes, remuneration and social security | 45 | €8,757 | €23,483 | +€14,727 | +168.2% |
| Taxes | 450/3 | €8,757 | €13,764 | +€5,008 | +57.2% |
| Remuneration and social security | 454/9 | - | €9,719 | +€9,719 | |
| Other amounts payable | 47/48 | €4,863 | €3,827 | -€1,035 | -21.3% |
| Remuneration, social security and pensions | 62 | €238,658 | €229,085 | -€9,573 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,508 | €12,233 | +€726 | +6.3% |
| Other operating charges | 640/8 | €3,409 | €3,733 | +€324 | +9.5% |
| Gross operating margin | 9900 | €175,149 | €120,145 | -€55,004 | -31.4% |
| Operating profit (loss) | 9901 | -€78,426 | -€124,906 | -€46,480 | -59.3% |
| Financial income | 75/76B | €1,068 | €1,219 | +€151 | +14.1% |
| Recurring financial income | 75 | €1,068 | €1,219 | +€151 | +14.1% |
| Financial charges | 65/66B | €1,260 | €404 | -€856 | -67.9% |
| Recurring financial charges | 65 | €1,260 | €404 | -€856 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | -€78,617 | -€124,091 | -€45,474 | -57.8% |
| Income taxes | 67/77 | -€2,293 | €352 | +€2,644 | |
| Profit (loss) for the period | 9904 | -€76,324 | -€124,442 | -€48,118 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,324 | -€124,442 | -€48,118 | -63.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.