FERROZUID-P: 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.
FERROZUID-P
Largest movements
- Tangible fixed assets -€10,401
down €10,401 (-5.6%), from €185,180 to €174,779
- Cash +€4,132
up €4,132 (+633%), from €652 to €4,784
mainly Depreciation (+€10,401)
- Profit (loss) carried forward -€3,104
down €3,104 (-1.6%), from -€194,743 to -€197,847
- Trade debts -€2,026
no longer reported in 2025 (was €2,026)
- Gross operating margin +€8,794
up €8,794 (+1,174%), from €749 to €9,543
- Other operating charges -€1,959
down €1,959 (-48.6%), from €4,033 to €2,074
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 | €185,833 | €179,666 | -€6,167 | -3.3% |
| Fixed assets | 21/28 | €185,180 | €174,779 | -€10,401 | -5.6% |
| Tangible fixed assets | 22/27 | €185,180 | €174,779 | -€10,401 | -5.6% |
| Land and buildings | 22 | €185,180 | €174,779 | -€10,401 | -5.6% |
| Current assets | 29/58 | €652 | €4,886 | +€4,234 | +649% |
| Amounts receivable within one year | 40/41 | - | €102 | +€102 | |
| Other amounts receivable | 41 | - | €102 | +€102 | |
| Cash at bank and in hand | 54/58 | €652 | €4,784 | +€4,132 | +633% |
| Total equity and liabilities | 10/49 | €185,833 | €179,666 | -€6,167 | -3.3% |
| Equity | 10/15 | €182,770 | €179,666 | -€3,104 | -1.7% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €80,041 | €80,041 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,041 | €4,041 | = | 0.0% |
| Legal reserve | 130 | €4,041 | €4,041 | = | 0.0% |
| Distributable reserves | 133 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,743 | -€197,847 | -€3,104 | -1.6% |
| Amounts payable | 17/49 | €3,063 | - | -€3,063 | |
| Amounts payable within one year | 42/48 | €3,063 | - | -€3,063 | |
| Trade debts | 44 | €2,026 | - | -€2,026 | |
| Suppliers | 440/4 | €2,026 | - | -€2,026 | |
| Other amounts payable | 47/48 | €1,037 | - | -€1,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,401 | €10,401 | = | 0.0% |
| Other operating charges | 640/8 | €4,033 | €2,074 | -€1,959 | -48.6% |
| Gross operating margin | 9900 | €749 | €9,543 | +€8,794 | +1,174% |
| Operating profit (loss) | 9901 | -€13,685 | -€2,932 | +€10,753 | +78.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €140 | €172 | +€32 | +23.0% |
| Recurring financial charges | 65 | €140 | €172 | +€32 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,825 | -€3,104 | +€10,721 | +77.5% |
| Profit (loss) for the period | 9904 | -€13,825 | -€3,104 | +€10,721 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,825 | -€3,104 | +€10,721 | +77.5% |
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 15 October 2026 via checked.be.