Ferromax: 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.
Ferromax
Largest movements
- Tangible fixed assets +€150,274
up €150,274 (+1555.0%), from €9,664 to €159,938
of which Land and buildings: +€145,827
- Receivables within one year +€10,368
up €10,368 (+49.0%), from €21,148 to €31,516
of which Other amounts receivable: +€20,002
- Cash +€4,180
up €4,180 (+46.4%), from €9,010 to €13,190
mainly Debts after one year (+€115,430) and Other debts (+€33,130)
- Debts after one year +€115,430
new in 2024: €115,430
- Other debts +€33,130
new in 2024: €33,130
- Reserves +€7,500
up €7,500 (+36.1%), from €20,801 to €28,301
- Accrued charges and deferred income +€6,350
new in 2024: €6,350
- Trade debts +€4,630
up €4,630 (+57.1%), from €8,115 to €12,745
- Gross operating margin -€16,257
down €16,257 (-85.8%), from €18,937 to €2,680
- Other operating charges +€3,438
up €3,438 (+467.6%), from €735 to €4,174
- Depreciation +€2,512
up €2,512 (+86.9%), from €2,892 to €5,404
- Taxes -€1,814
down €1,814 (-56.4%), from €3,214 to €1,400
- Financial charges -€731
down €731 (-22.6%), from €3,235 to €2,504
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,738 | €206,211 | +€164,473 | +394.1% |
| Formation expenses | 20 | €1,533 | €1,183 | -€350 | -22.8% |
| Fixed assets | 21/28 | €9,664 | €159,938 | +€150,274 | +1555.0% |
| Tangible fixed assets | 22/27 | €9,664 | €159,938 | +€150,274 | +1555.0% |
| Land and buildings | 22 | - | €145,827 | +€145,827 | |
| Plant, machinery and equipment | 23 | €4,339 | €9,246 | +€4,907 | +113.1% |
| Furniture and vehicles | 24 | €5,325 | €4,865 | -€460 | -8.6% |
| Current assets | 29/58 | €30,541 | €45,089 | +€14,548 | +47.6% |
| Amounts receivable within one year | 40/41 | €21,148 | €31,516 | +€10,368 | +49.0% |
| Trade receivables | 40 | €14,175 | €4,541 | -€9,634 | -68.0% |
| Other amounts receivable | 41 | €6,973 | €26,975 | +€20,002 | +286.8% |
| Cash at bank and in hand | 54/58 | €9,010 | €13,190 | +€4,180 | +46.4% |
| Deferred charges and accrued income | 490/1 | €383 | €383 | = | 0.0% |
| Total equity and liabilities | 10/49 | €41,738 | €206,211 | +€164,473 | +394.1% |
| Equity | 10/15 | €24,801 | €33,943 | +€9,143 | +36.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €20,801 | €28,301 | +€7,500 | +36.1% |
| Distributable reserves | 133 | €20,801 | €28,301 | +€7,500 | +36.1% |
| Profit (loss) carried forward | 14 | - | €1,643 | +€1,643 | |
| Amounts payable | 17/49 | €16,938 | €172,268 | +€155,330 | +917.1% |
| Amounts payable after more than one year | 17 | - | €115,430 | +€115,430 | |
| Financial debts | 170/4 | - | €115,430 | +€115,430 | |
| Amounts payable within one year | 42/48 | €16,938 | €50,488 | +€33,550 | +198.1% |
| Trade debts | 44 | €8,115 | €12,745 | +€4,630 | +57.1% |
| Suppliers | 440/4 | €8,115 | €12,745 | +€4,630 | +57.1% |
| Taxes, remuneration and social security | 45 | €8,823 | €4,613 | -€4,210 | -47.7% |
| Taxes | 450/3 | €8,823 | €4,613 | -€4,210 | -47.7% |
| Other amounts payable | 47/48 | - | €33,130 | +€33,130 | |
| Accrued charges and deferred income | 492/3 | - | €6,350 | +€6,350 | |
| Non-recurring operating income | 76A | - | €1,453 | +€1,453 | |
| Remuneration, social security and pensions | 62 | - | €57 | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,892 | €5,404 | +€2,512 | +86.9% |
| Other operating charges | 640/8 | €735 | €4,174 | +€3,438 | +467.6% |
| Gross operating margin | 9900 | €18,937 | €2,680 | -€16,257 | -85.8% |
| Operating profit (loss) | 9901 | €15,310 | -€6,954 | -€22,265 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +5400.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5400.0% |
| Financial charges | 65/66B | €3,235 | €2,504 | -€731 | -22.6% |
| Recurring financial charges | 65 | €3,235 | €2,504 | -€731 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €12,075 | -€9,458 | -€21,533 | |
| Income taxes | 67/77 | €3,214 | €1,400 | -€1,814 | -56.4% |
| Profit (loss) for the period | 9904 | €8,862 | -€10,857 | -€19,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,862 | -€10,857 | -€19,719 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.