FERROFIN: 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.
FERROFIN
Largest movements
- Receivables after one year -€115,000
down €115,000 (-100%), from €115,000 to €0
- Profit (loss) carried forward -€684,996
down €684,996 (-100%), from €684,996 to €0
- Other debts +€587,848
new in 2025: €587,848
- Trade debts -€25,525
down €25,525 (-74.0%), from €34,472 to €8,946
- Tax, wage and social debts +€9,631
up €9,631 (+26.8%), from €35,893 to €45,524
- Gross operating margin +€99,780
up €99,780 (+40.0%), from €249,280 to €349,060
- Taxes +€23,085
up €23,085 (+36.6%), from €63,085 to €86,170
- Financial income -€5,636
down €5,636 (-77.2%), from €7,302 to €1,667
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 | €758,361 | €645,319 | -€113,042 | -14.9% |
| Fixed assets | 21/28 | €39,990 | €44,958 | +€4,968 | +12.4% |
| Tangible fixed assets | 22/27 | €34,990 | €39,958 | +€4,968 | +14.2% |
| Land and buildings | 22 | €29,477 | €28,660 | -€818 | -2.8% |
| Furniture and vehicles | 24 | €5,513 | €11,298 | +€5,786 | +105% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €718,371 | €600,361 | -€118,010 | -16.4% |
| Amounts receivable after more than one year | 29 | €115,000 | €0 | -€115,000 | -100% |
| Other amounts receivable | 291 | €115,000 | €0 | -€115,000 | -100% |
| Amounts receivable within one year | 40/41 | €600,727 | €597,629 | -€3,098 | -0.5% |
| Trade receivables | 40 | €30,208 | €22,744 | -€7,463 | -24.7% |
| Other amounts receivable | 41 | €570,519 | €574,885 | +€4,366 | +0.8% |
| Cash at bank and in hand | 54/58 | €2,644 | €2,732 | +€88 | +3.3% |
| Total equity and liabilities | 10/49 | €758,361 | €645,319 | -€113,042 | -14.9% |
| Equity | 10/15 | €687,996 | €3,000 | -€684,996 | -99.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €684,996 | €0 | -€684,996 | -100% |
| Amounts payable | 17/49 | €70,365 | €642,319 | +€571,954 | +813% |
| Amounts payable within one year | 42/48 | €70,365 | €642,319 | +€571,954 | +813% |
| Trade debts | 44 | €34,472 | €8,946 | -€25,525 | -74.0% |
| Suppliers | 440/4 | €34,472 | €8,946 | -€25,525 | -74.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €35,893 | €45,524 | +€9,631 | +26.8% |
| Taxes | 450/3 | €35,893 | €45,524 | +€9,631 | +26.8% |
| Other amounts payable | 47/48 | - | €587,848 | +€587,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,263 | €5,107 | +€844 | +19.8% |
| Other operating charges | 640/8 | €340 | €1,808 | +€1,468 | +432% |
| Gross operating margin | 9900 | €249,280 | €349,060 | +€99,780 | +40.0% |
| Operating profit (loss) | 9901 | €244,677 | €342,145 | +€97,468 | +39.8% |
| Financial income | 75/76B | €7,302 | €1,667 | -€5,636 | -77.2% |
| Recurring financial income | 75 | €7,302 | €1,667 | -€5,636 | -77.2% |
| Financial charges | 65/66B | €1,151 | €1,639 | +€487 | +42.3% |
| Recurring financial charges | 65 | €1,151 | €1,639 | +€487 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €250,828 | €342,173 | +€91,345 | +36.4% |
| Income taxes | 67/77 | €63,085 | €86,170 | +€23,085 | +36.6% |
| Profit (loss) for the period | 9904 | €187,743 | €256,003 | +€68,260 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €187,743 | €256,003 | +€68,260 | +36.4% |
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 22 October 2026 via checked.be.