FERRONNERIE MICHAEL GEVERS: 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.
What changed
FERRONNERIE MICHAEL GEVERS
NACE 25.401, Forging of metal
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€34,230
2024 · -€1,086-€33,144
Equity
€56,655
2024 · €90,885-€34,230
Cash
€32,564
2024 · €28,128+€4,435
Balance sheet total
€455,410
2024 · €505,182-€49,772
Largest movements
Assets
- Tangible fixed assets -€38,813
down €38,813 (-10.0%), from €389,863 to €351,050
of which Land and buildings: -€28,223
- Stocks and contracts -€25,358
down €25,358 (-59.0%), from €42,972 to €17,614
- Receivables within one year +€9,962
up €9,962 (+22.6%), from €44,029 to €53,991
of which Trade receivables: +€6,666
Equity and liabilities
- Debts after one year -€33,579
down €33,579 (-10.5%), from €319,857 to €286,278
of which Financial debts: -€33,579
- Profit (loss) carried forward -€31,052
down €31,052, from €30,077 to -€975
- Trade debts +€19,201
up €19,201 (+40.6%), from €47,329 to €66,530
of which Suppliers: +€31,594
Income statement
- Gross operating margin -€40,123
down €40,123 (-49.0%), from €81,941 to €41,818
- Write-downs -€11,885
no longer reported in 2025 (was €11,885)
- Staff costs +€1,196
up €1,196 (+31.0%), from €3,854 to €5,049
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.
Result 2024
-€1,086
Gross operating margin
-€40,123
Staff costs
-€1,196
Depreciation
-€143
Write-downs
+€11,885
Other operating charges
-€384
Other operating items
-€2,992
Financial income
+€8
Financial charges
-€200
Result 2025
-€34,230
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€43,883
Investment
-€1,110
Financing
-€38,338
Cash 2024
€28,128
From operations (derived)
+€43,883
Net result for the year
-€34,230
Depreciation
+€39,923
Stocks and contracts
+€25,358
Receivables within one year
-€9,962
Deferred charges and accrued income
-€2
Trade debts
+€19,201
Tax, wage and social debts
+€3,595
Investment (derived)
-€1,110
Investment in fixed assets (net)
-€1,110
Financing
-€38,338
Debts after one year
-€33,579
Current portion of long-term debt
-€4,759
Cash 2025
€32,564
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,182 | €455,410 | -€49,772 | -9.9% |
| Fixed assets | 21/28 | €389,998 | €351,185 | -€38,813 | -10.0% |
| Tangible fixed assets | 22/27 | €389,863 | €351,050 | -€38,813 | -10.0% |
| Land and buildings | 22 | €323,843 | €295,620 | -€28,223 | -8.7% |
| Plant, machinery and equipment | 23 | €66,020 | €54,536 | -€11,484 | -17.4% |
| Furniture and vehicles | 24 | - | €894 | +€894 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €115,184 | €104,225 | -€10,959 | -9.5% |
| Stocks and contracts in progress | 3 | €42,972 | €17,614 | -€25,358 | -59.0% |
| Stocks | 30/36 | €42,972 | €17,614 | -€25,358 | -59.0% |
| Amounts receivable within one year | 40/41 | €44,029 | €53,991 | +€9,962 | +22.6% |
| Trade receivables | 40 | €18,271 | €24,937 | +€6,666 | +36.5% |
| Other amounts receivable | 41 | €25,759 | €29,054 | +€3,296 | +12.8% |
| Cash at bank and in hand | 54/58 | €28,128 | €32,564 | +€4,435 | +15.8% |
| Deferred charges and accrued income | 490/1 | €54 | €56 | +€2 | +3.7% |
| Total equity and liabilities | 10/49 | €505,182 | €455,410 | -€49,772 | -9.9% |
| Equity | 10/15 | €90,885 | €56,655 | -€34,230 | -37.7% |
| Contributions | 10/11 | €12,462 | €12,462 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,077 | -€975 | -€31,052 | |
| Investment grants | 15 | €36,486 | €33,308 | -€3,178 | -8.7% |
| Amounts payable | 17/49 | €414,297 | €398,755 | -€15,542 | -3.8% |
| Amounts payable after more than one year | 17 | €319,857 | €286,278 | -€33,579 | -10.5% |
| Financial debts | 170/4 | €310,107 | €276,528 | -€33,579 | -10.8% |
| Other amounts payable | 178/9 | €9,750 | €9,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,439 | €112,477 | +€18,037 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €43,398 | €38,639 | -€4,759 | -11.0% |
| Trade debts | 44 | €47,329 | €66,530 | +€19,201 | +40.6% |
| Suppliers | 440/4 | €34,937 | €66,530 | +€31,594 | +90.4% |
| Bills of exchange payable | 441 | €12,393 | - | -€12,393 | |
| Taxes, remuneration and social security | 45 | €3,713 | €7,308 | +€3,595 | +96.8% |
| Taxes | 450/3 | €1,243 | €3,349 | +€2,106 | +169% |
| Remuneration and social security | 454/9 | €2,469 | €3,959 | +€1,490 | +60.3% |
| Non-recurring operating income | 76A | - | €9,767 | +€9,767 | |
| Remuneration, social security and pensions | 62 | €3,854 | €5,049 | +€1,196 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,780 | €39,923 | +€143 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,885 | - | -€11,885 | |
| Other operating charges | 640/8 | €10,179 | €10,563 | +€384 | +3.8% |
| Non-recurring operating charges | 66A | €3,062 | €6,054 | +€2,992 | +97.7% |
| Gross operating margin | 9900 | €81,941 | €41,818 | -€40,123 | -49.0% |
| Operating profit (loss) | 9901 | €13,181 | -€19,771 | -€32,952 | |
| Financial income | 75/76B | €0 | €8 | +€8 | +2,016% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +2,016% |
| Financial charges | 65/66B | €14,267 | €14,467 | +€200 | +1.4% |
| Recurring financial charges | 65 | €14,267 | €14,467 | +€200 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,086 | -€34,230 | -€33,144 | -3,053% |
| Profit (loss) for the period | 9904 | -€1,086 | -€34,230 | -€33,144 | -3,053% |
| Transfer from tax-exempt reserves | 789 | €3,178 | €3,178 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,093 | -€31,052 | -€33,144 |
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 27 October 2026 via checked.be.