FERRUM-STAALCONCEPT: 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.
FERRUM-STAALCONCEPT
Largest movements
- Stocks and contracts -€60,657
down €60,657 (-40.9%), from €148,146 to €87,489
- Tangible fixed assets -€48,267
down €48,267 (-7.0%), from €687,613 to €639,346
of which Land and buildings: -€37,228
- Receivables within one year +€9,229
up €9,229 (+13.4%), from €68,723 to €77,952
of which Trade receivables: +€14,898
- Profit (loss) carried forward -€89,444
down €89,444, from €48,994 to -€40,450
- Other debts -€39,242
down €39,242 (-21.9%), from €178,842 to €139,600
- Tax, wage and social debts +€29,079
up €29,079 (+312.1%), from €9,316 to €38,394
of which Taxes: +€24,970
- Debts after one year +€19,622
up €19,622 (+5.8%), from €335,824 to €355,446
- Short-term financial debts -€14,855
down €14,855 (-19.6%), from €75,899 to €61,044
- Gross operating margin -€81,775
down €81,775 (-49.8%), from €164,237 to €82,462
- Other operating charges +€14,498
up €14,498 (+125.3%), from €11,575 to €26,073
- Staff costs -€14,293
down €14,293 (-20.8%), from €68,855 to €54,562
- Financial charges +€13,453
up €13,453 (+50.2%), from €26,788 to €40,242
- Taxes +€4,126
new in 2025: €4,126
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 | €909,520 | €805,336 | -€104,184 | -11.5% |
| Fixed assets | 21/28 | €688,113 | €639,846 | -€48,267 | -7.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €687,613 | €639,346 | -€48,267 | -7.0% |
| Land and buildings | 22 | €640,814 | €603,587 | -€37,228 | -5.8% |
| Plant, machinery and equipment | 23 | €35,712 | €25,177 | -€10,535 | -29.5% |
| Furniture and vehicles | 24 | €5,687 | €8,239 | +€2,552 | +44.9% |
| Leasing and similar rights | 25 | €5,400 | €2,344 | -€3,056 | -56.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €221,407 | €165,489 | -€55,918 | -25.3% |
| Stocks and contracts in progress | 3 | €148,146 | €87,489 | -€60,657 | -40.9% |
| Stocks | 30/36 | €148,146 | €87,489 | -€60,657 | -40.9% |
| Amounts receivable within one year | 40/41 | €68,723 | €77,952 | +€9,229 | +13.4% |
| Trade receivables | 40 | €61,298 | €76,195 | +€14,898 | +24.3% |
| Other amounts receivable | 41 | €7,426 | €1,757 | -€5,669 | -76.3% |
| Cash at bank and in hand | 54/58 | €3,393 | €48 | -€3,345 | -98.6% |
| Deferred charges and accrued income | 490/1 | €1,144 | €0 | -€1,144 | -100.0% |
| Total equity and liabilities | 10/49 | €909,520 | €805,336 | -€104,184 | -11.5% |
| Equity | 10/15 | €69,399 | -€20,045 | -€89,444 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,994 | -€40,450 | -€89,444 | |
| Amounts payable | 17/49 | €840,122 | €825,381 | -€14,741 | -1.8% |
| Amounts payable after more than one year | 17 | €335,824 | €355,446 | +€19,622 | +5.8% |
| Financial debts | 170/4 | €335,824 | €355,446 | +€19,622 | +5.8% |
| Amounts payable within one year | 42/48 | €504,298 | €469,935 | -€34,363 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €24,627 | €21,078 | -€3,549 | -14.4% |
| Financial debts | 43 | €75,899 | €61,044 | -€14,855 | -19.6% |
| Credit institutions | 430/8 | €75,899 | €61,044 | -€14,855 | -19.6% |
| Trade debts | 44 | €215,614 | €209,818 | -€5,796 | -2.7% |
| Suppliers | 440/4 | €215,614 | €209,818 | -€5,796 | -2.7% |
| Taxes, remuneration and social security | 45 | €9,316 | €38,394 | +€29,079 | +312.1% |
| Taxes | 450/3 | €1,049 | €26,020 | +€24,970 | +2379.3% |
| Remuneration and social security | 454/9 | €8,266 | €12,375 | +€4,109 | +49.7% |
| Other amounts payable | 47/48 | €178,842 | €139,600 | -€39,242 | -21.9% |
| Non-recurring operating income | 76A | - | €12,111 | +€12,111 | |
| Remuneration, social security and pensions | 62 | €68,855 | €54,562 | -€14,293 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,124 | €45,028 | +€904 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,267 | +€1,267 | |
| Other operating charges | 640/8 | €11,575 | €26,073 | +€14,498 | +125.3% |
| Non-recurring operating charges | 66A | €12,239 | €788 | -€11,451 | -93.6% |
| Gross operating margin | 9900 | €164,237 | €82,462 | -€81,775 | -49.8% |
| Operating profit (loss) | 9901 | €27,443 | -€45,256 | -€72,699 | |
| Financial income | 75/76B | €192 | €181 | -€12 | -6.0% |
| Recurring financial income | 75 | €192 | €181 | -€12 | -6.0% |
| Financial charges | 65/66B | €26,788 | €40,242 | +€13,453 | +50.2% |
| Recurring financial charges | 65 | €26,788 | €40,242 | +€13,453 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €847 | -€85,317 | -€86,164 | |
| Income taxes | 67/77 | - | €4,126 | +€4,126 | |
| Profit (loss) for the period | 9904 | €847 | -€89,444 | -€90,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €847 | -€89,444 | -€90,290 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.