Ferrum: 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.
Ferrum
Largest movements
- Cash -€362,151
down €362,151 (-78.5%), from €461,059 to €98,908
mainly Contributions, distributions and other (-€685,000)
- Receivables after one year -€108,342
down €108,342 (-100.0%), from €108,342 to €0
- Receivables within one year -€108,340
down €108,340 (-5.6%), from €1.9m to €1.8m
- Reserves -€645,754
down €645,754 (-10.1%), from €6.4m to €5.7m
- Other operating charges -€24,217
down €24,217 (-77.9%), from €31,105 to €6,888
- Taxes -€6,523
down €6,523 (-100.0%), from €6,523 to €0
- Financial income -€2,193
down €2,193 (-3.7%), from €59,686 to €57,492
- Gross operating margin +€785
up €785 (+6.8%), from -€11,559 to -€10,775
- Financial charges +€532
up €532 (+1013.1%), from €53 to €584
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 | €6,530,366 | €5,892,026 | -€638,340 | -9.8% |
| Fixed assets | 21/28 | €3,981,997 | €3,981,997 | = | 0.0% |
| Financial fixed assets | 28 | €3,981,997 | €3,981,997 | = | 0.0% |
| Current assets | 29/58 | €2,548,369 | €1,910,029 | -€638,340 | -25.0% |
| Amounts receivable after more than one year | 29 | €108,342 | €0 | -€108,342 | -100.0% |
| Other amounts receivable | 291 | €108,342 | €0 | -€108,342 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,919,461 | €1,811,121 | -€108,340 | -5.6% |
| Other amounts receivable | 41 | €1,919,461 | €1,811,121 | -€108,340 | -5.6% |
| Cash at bank and in hand | 54/58 | €461,059 | €98,908 | -€362,151 | -78.5% |
| Deferred charges and accrued income | 490/1 | €59,508 | €0 | -€59,508 | -100.0% |
| Total equity and liabilities | 10/49 | €6,530,366 | €5,892,026 | -€638,340 | -9.8% |
| Equity | 10/15 | €6,529,834 | €5,884,080 | -€645,754 | -9.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €6,379,834 | €5,734,080 | -€645,754 | -10.1% |
| Distributable reserves | 133 | €6,379,834 | €5,734,080 | -€645,754 | -10.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €532 | €7,946 | +€7,415 | +1394.5% |
| Amounts payable within one year | 42/48 | €532 | €7,946 | +€7,415 | +1394.5% |
| Trade debts | 44 | €144 | €814 | +€670 | +463.9% |
| Suppliers | 440/4 | €144 | €814 | +€670 | +463.9% |
| Taxes, remuneration and social security | 45 | €387 | €7,006 | +€6,619 | +1709.0% |
| Taxes | 450/3 | €387 | €7,006 | +€6,619 | +1709.0% |
| Other amounts payable | 47/48 | - | €126 | +€126 | |
| Remuneration, social security and pensions | 62 | €128 | €0 | -€128 | -100.0% |
| Other operating charges | 640/8 | €31,105 | €6,888 | -€24,217 | -77.9% |
| Gross operating margin | 9900 | -€11,559 | -€10,775 | +€785 | +6.8% |
| Operating profit (loss) | 9901 | -€42,792 | -€17,662 | +€25,130 | +58.7% |
| Financial income | 75/76B | €59,686 | €57,492 | -€2,193 | -3.7% |
| Recurring financial income | 75 | €59,686 | €57,492 | -€2,193 | -3.7% |
| Financial charges | 65/66B | €53 | €584 | +€532 | +1013.1% |
| Recurring financial charges | 65 | €53 | €584 | +€532 | +1013.1% |
| Profit (loss) for the period before taxes | 9903 | €16,841 | €39,246 | +€22,404 | +133.0% |
| Income taxes | 67/77 | €6,523 | €0 | -€6,523 | -100.0% |
| Profit (loss) for the period | 9904 | €10,318 | €39,246 | +€28,928 | +280.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,318 | €39,246 | +€28,928 | +280.4% |
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 1 October 2026 via checked.be.