FERROTECH: 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.
FERROTECH
Largest movements
- Stocks and contracts -€18,336
down €18,336 (-58.3%), from €31,436 to €13,100
- Tangible fixed assets -€17,005
down €17,005 (-9.8%), from €173,643 to €156,638
- Receivables within one year +€5,640
up €5,640 (+6.3%), from €89,170 to €94,810
of which Other amounts receivable: +€23,304
- Debts after one year -€31,495
down €31,495 (-21.7%), from €145,104 to €113,609
- Short-term financial debts +€28,771
up €28,771, from €0 to €28,771
- Tax, wage and social debts -€10,142
down €10,142 (-62.9%), from €16,127 to €5,985
- Current portion of long-term debt -€9,524
down €9,524 (-23.2%), from €41,018 to €31,495
- Trade debts -€9,341
down €9,341 (-18.0%), from €52,029 to €42,687
- Gross operating margin -€37,611
down €37,611 (-44.0%), from €85,560 to €47,949
- Other operating charges -€16,835
down €16,835 (-83.0%), from €20,290 to €3,456
- Staff costs +€3,317
up €3,317 (+303.7%), from €1,092 to €4,410
- Depreciation -€2,353
down €2,353 (-10.1%), from €23,359 to €21,005
- Financial charges +€1,749
up €1,749 (+14.3%), from €12,256 to €14,005
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 | €294,928 | €265,011 | -€29,917 | -10.1% |
| Fixed assets | 21/28 | €173,644 | €156,638 | -€17,005 | -9.8% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -25.0% |
| Tangible fixed assets | 22/27 | €173,643 | €156,638 | -€17,005 | -9.8% |
| Land and buildings | 22 | €136,101 | €131,094 | -€5,007 | -3.7% |
| Plant, machinery and equipment | 23 | €8,928 | €7,331 | -€1,598 | -17.9% |
| Furniture and vehicles | 24 | €5,341 | €3,233 | -€2,108 | -39.5% |
| Leasing and similar rights | 25 | €23,272 | €14,980 | -€8,292 | -35.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €121,284 | €108,373 | -€12,912 | -10.6% |
| Stocks and contracts in progress | 3 | €31,436 | €13,100 | -€18,336 | -58.3% |
| Stocks | 30/36 | €31,436 | €13,100 | -€18,336 | -58.3% |
| Amounts receivable within one year | 40/41 | €89,170 | €94,810 | +€5,640 | +6.3% |
| Trade receivables | 40 | €85,700 | €68,036 | -€17,664 | -20.6% |
| Other amounts receivable | 41 | €3,470 | €26,774 | +€23,304 | +671.6% |
| Cash at bank and in hand | 54/58 | €539 | €0 | -€539 | -100.0% |
| Deferred charges and accrued income | 490/1 | €139 | €462 | +€323 | +232.7% |
| Total equity and liabilities | 10/49 | €294,928 | €265,011 | -€29,917 | -10.1% |
| Equity | 10/15 | €38,985 | €42,464 | +€3,479 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,543 | €53,543 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,543 | €53,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,758 | -€17,279 | +€3,479 | +16.8% |
| Amounts payable | 17/49 | €255,943 | €222,547 | -€33,396 | -13.0% |
| Amounts payable after more than one year | 17 | €145,104 | €113,609 | -€31,495 | -21.7% |
| Financial debts | 170/4 | €145,104 | €113,609 | -€31,495 | -21.7% |
| Amounts payable within one year | 42/48 | €110,839 | €108,938 | -€1,901 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €41,018 | €31,495 | -€9,524 | -23.2% |
| Financial debts | 43 | €0 | €28,771 | +€28,771 | |
| Credit institutions | 430/8 | €0 | €28,771 | +€28,771 | |
| Trade debts | 44 | €52,029 | €42,687 | -€9,341 | -18.0% |
| Suppliers | 440/4 | €52,029 | €42,687 | -€9,341 | -18.0% |
| Taxes, remuneration and social security | 45 | €16,127 | €5,985 | -€10,142 | -62.9% |
| Taxes | 450/3 | €16,127 | €5,985 | -€10,142 | -62.9% |
| Other amounts payable | 47/48 | €1,665 | €0 | -€1,665 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,092 | €4,410 | +€3,317 | +303.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,359 | €21,005 | -€2,353 | -10.1% |
| Other operating charges | 640/8 | €20,290 | €3,456 | -€16,835 | -83.0% |
| Gross operating margin | 9900 | €85,560 | €47,949 | -€37,611 | -44.0% |
| Operating profit (loss) | 9901 | €40,819 | €19,078 | -€21,741 | -53.3% |
| Financial income | 75/76B | €347 | €1,236 | +€889 | +256.3% |
| Recurring financial income | 75 | €347 | €1,236 | +€889 | +256.3% |
| Financial charges | 65/66B | €12,256 | €14,005 | +€1,749 | +14.3% |
| Recurring financial charges | 65 | €12,256 | €14,005 | +€1,749 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €28,910 | €6,309 | -€22,601 | -78.2% |
| Income taxes | 67/77 | €1,167 | €2,830 | +€1,663 | +142.4% |
| Profit (loss) for the period | 9904 | €27,743 | €3,479 | -€24,264 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,743 | €3,479 | -€24,264 | -87.5% |
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 6 October 2026 via checked.be.