FERRONNERIE CINACIENNE: 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.
FERRONNERIE CINACIENNE
Largest movements
- Cash -€69,517
down €69,517 (-71.6%), from €97,088 to €27,571
mainly Debts after one year (-€55,281) and Stocks and contracts (-€38,275)
- Tangible fixed assets -€56,122
down €56,122 (-12.6%), from €446,098 to €389,976
of which Land and buildings: -€34,187
- Stocks and contracts +€38,275
up €38,275 (+18.8%), from €203,109 to €241,384
of which Stocks: +€23,236
- Receivables within one year +€33,592
up €33,592 (+21.7%), from €154,525 to €188,118
of which Trade receivables: +€44,094
- Debts after one year -€55,281
down €55,281 (-19.4%), from €284,366 to €229,085
- Investment grants -€29,179
down €29,179 (-92.8%), from €31,450 to €2,272
- Profit (loss) carried forward +€27,462
up €27,462 (+33.8%), from €81,223 to €108,684
- Other debts +€16,286
up €16,286 (+10.6%), from €153,153 to €169,439
- Trade debts -€12,647
down €12,647 (-11.4%), from €110,572 to €97,925
- Gross operating margin -€123,087
down €123,087 (-23.0%), from €534,902 to €411,814
- Staff costs -€82,022
down €82,022 (-20.7%), from €396,971 to €314,949
- Financial charges -€9,055
down €9,055 (-26.2%), from €34,585 to €25,530
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 | €912,421 | €858,637 | -€53,783 | -5.9% |
| Fixed assets | 21/28 | €446,098 | €389,976 | -€56,122 | -12.6% |
| Tangible fixed assets | 22/27 | €446,098 | €389,976 | -€56,122 | -12.6% |
| Land and buildings | 22 | €360,563 | €326,376 | -€34,187 | -9.5% |
| Plant, machinery and equipment | 23 | €14,927 | €10,662 | -€4,265 | -28.6% |
| Furniture and vehicles | 24 | €11,361 | €4,386 | -€6,974 | -61.4% |
| Leasing and similar rights | 25 | €59,247 | €48,552 | -€10,695 | -18.1% |
| Current assets | 29/58 | €466,322 | €468,661 | +€2,338 | +0.5% |
| Stocks and contracts in progress | 3 | €203,109 | €241,384 | +€38,275 | +18.8% |
| Stocks | 30/36 | €104,615 | €127,851 | +€23,236 | +22.2% |
| Contracts in progress | 37 | €98,494 | €113,533 | +€15,040 | +15.3% |
| Amounts receivable within one year | 40/41 | €154,525 | €188,118 | +€33,592 | +21.7% |
| Trade receivables | 40 | €123,212 | €167,306 | +€44,094 | +35.8% |
| Other amounts receivable | 41 | €31,313 | €20,812 | -€10,502 | -33.5% |
| Cash at bank and in hand | 54/58 | €97,088 | €27,571 | -€69,517 | -71.6% |
| Deferred charges and accrued income | 490/1 | €11,600 | €11,588 | -€12 | -0.1% |
| Total equity and liabilities | 10/49 | €912,421 | €858,637 | -€53,783 | -5.9% |
| Equity | 10/15 | €121,223 | €119,506 | -€1,717 | -1.4% |
| Contributions | 10/11 | €6,650 | €6,650 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,223 | €108,684 | +€27,462 | +33.8% |
| Investment grants | 15 | €31,450 | €2,272 | -€29,179 | -92.8% |
| Amounts payable | 17/49 | €791,198 | €739,132 | -€52,066 | -6.6% |
| Amounts payable after more than one year | 17 | €284,366 | €229,085 | -€55,281 | -19.4% |
| Financial debts | 170/4 | €284,366 | €229,085 | -€55,281 | -19.4% |
| Amounts payable within one year | 42/48 | €504,431 | €507,846 | +€3,415 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €62,955 | €55,281 | -€7,673 | -12.2% |
| Financial debts | 43 | €130,625 | €131,666 | +€1,041 | +0.8% |
| Credit institutions | 430/8 | €130,625 | €131,666 | +€1,041 | +0.8% |
| Trade debts | 44 | €110,572 | €97,925 | -€12,647 | -11.4% |
| Suppliers | 440/4 | €110,572 | €97,925 | -€12,647 | -11.4% |
| Taxes, remuneration and social security | 45 | €47,126 | €53,535 | +€6,409 | +13.6% |
| Taxes | 450/3 | €10,743 | €16,127 | +€5,383 | +50.1% |
| Remuneration and social security | 454/9 | €36,383 | €37,408 | +€1,025 | +2.8% |
| Other amounts payable | 47/48 | €153,153 | €169,439 | +€16,286 | +10.6% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,200 | -€200 | -8.3% |
| Remuneration, social security and pensions | 62 | €396,971 | €314,949 | -€82,022 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,573 | €56,748 | +€1,175 | +2.1% |
| Other operating charges | 640/8 | €6,569 | €8,221 | +€1,651 | +25.1% |
| Gross operating margin | 9900 | €534,902 | €411,814 | -€123,087 | -23.0% |
| Operating profit (loss) | 9901 | €75,788 | €31,896 | -€43,892 | -57.9% |
| Financial income | 75/76B | €25,653 | €29,485 | +€3,831 | +14.9% |
| Recurring financial income | 75 | €25,653 | €29,485 | +€3,831 | +14.9% |
| Financial charges | 65/66B | €34,585 | €25,530 | -€9,055 | -26.2% |
| Recurring financial charges | 65 | €34,585 | €25,530 | -€9,055 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €66,856 | €35,851 | -€31,005 | -46.4% |
| Income taxes | 67/77 | €6,928 | €8,390 | +€1,462 | +21.1% |
| Profit (loss) for the period | 9904 | €59,928 | €27,462 | -€32,467 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,928 | €27,462 | -€32,467 | -54.2% |
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 25 October 2026 via checked.be.