FERRONS: 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.
FERRONS
Largest movements
- Stocks and contracts -€28,894
down €28,894 (-53.2%), from €54,323 to €25,429
- Tangible fixed assets -€18,290
down €18,290 (-9.9%), from €184,373 to €166,083
of which Other tangible fixed assets: -€17,167
- Cash +€12,861
up €12,861 (+81.9%), from €15,696 to €28,557
mainly Stocks and contracts (+€28,894) and Depreciation (+€18,290)
- Debts after one year -€18,717
down €18,717 (-28.7%), from €65,271 to €46,554
- Current portion of long-term debt -€17,343
down €17,343 (-48.1%), from €36,059 to €18,717
- Tax, wage and social debts -€6,290
down €6,290 (-41.8%), from €15,050 to €8,760
of which Taxes: -€7,053
- Trade debts +€2,752
up €2,752 (+92.8%), from €2,966 to €5,718
- Gross operating margin -€22,330
down €22,330 (-25.4%), from €88,073 to €65,743
- Staff costs +€16,477
new in 2025: €16,477
- Taxes -€13,210
down €13,210 (-92.4%), from €14,291 to €1,081
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 | €266,554 | €231,903 | -€34,652 | -13.0% |
| Fixed assets | 21/28 | €184,373 | €166,083 | -€18,290 | -9.9% |
| Tangible fixed assets | 22/27 | €184,373 | €166,083 | -€18,290 | -9.9% |
| Plant, machinery and equipment | 23 | €3,207 | €2,084 | -€1,123 | -35.0% |
| Other tangible fixed assets | 26 | €181,166 | €164,000 | -€17,167 | -9.5% |
| Current assets | 29/58 | €82,181 | €65,819 | -€16,362 | -19.9% |
| Stocks and contracts in progress | 3 | €54,323 | €25,429 | -€28,894 | -53.2% |
| Stocks | 30/36 | €54,323 | €25,429 | -€28,894 | -53.2% |
| Amounts receivable within one year | 40/41 | €2,163 | €1,823 | -€339 | -15.7% |
| Trade receivables | 40 | €2,163 | €1,823 | -€339 | -15.7% |
| Current investments | 50/53 | €10,000 | €10,010 | +€10 | +0.1% |
| Cash at bank and in hand | 54/58 | €15,696 | €28,557 | +€12,861 | +81.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €266,554 | €231,903 | -€34,652 | -13.0% |
| Equity | 10/15 | €77,229 | €77,266 | +€37 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,000 | €71,000 | = | 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 | €69,140 | €69,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29 | €66 | +€37 | +126.7% |
| Amounts payable | 17/49 | €189,325 | €154,637 | -€34,688 | -18.3% |
| Amounts payable after more than one year | 17 | €65,271 | €46,554 | -€18,717 | -28.7% |
| Financial debts | 170/4 | €65,271 | €46,554 | -€18,717 | -28.7% |
| Amounts payable within one year | 42/48 | €120,889 | €104,918 | -€15,971 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €36,059 | €18,717 | -€17,343 | -48.1% |
| Financial debts | 43 | €5,160 | €7,669 | +€2,509 | +48.6% |
| Credit institutions | 430/8 | €5,160 | €7,669 | +€2,509 | +48.6% |
| Trade debts | 44 | €2,966 | €5,718 | +€2,752 | +92.8% |
| Suppliers | 440/4 | €2,966 | €5,718 | +€2,752 | +92.8% |
| Taxes, remuneration and social security | 45 | €15,050 | €8,760 | -€6,290 | -41.8% |
| Taxes | 450/3 | €15,050 | €7,996 | -€7,053 | -46.9% |
| Remuneration and social security | 454/9 | - | €764 | +€764 | |
| Other amounts payable | 47/48 | €61,655 | €64,054 | +€2,399 | +3.9% |
| Accrued charges and deferred income | 492/3 | €3,165 | €3,165 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €16,477 | +€16,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,716 | €18,290 | -€426 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,629 | €15,076 | +€447 | +3.1% |
| Other operating charges | 640/8 | €3,190 | €3,623 | +€432 | +13.5% |
| Gross operating margin | 9900 | €88,073 | €65,743 | -€22,330 | -25.4% |
| Operating profit (loss) | 9901 | €51,537 | €12,277 | -€39,260 | -76.2% |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €11,421 | €11,169 | -€251 | -2.2% |
| Recurring financial charges | 65 | €11,421 | €11,169 | -€251 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €40,116 | €1,118 | -€38,999 | -97.2% |
| Income taxes | 67/77 | €14,291 | €1,081 | -€13,210 | -92.4% |
| Profit (loss) for the period | 9904 | €25,825 | €37 | -€25,789 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,825 | €37 | -€25,789 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.