Ferzo Design: 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.
Ferzo Design
Largest movements
- Tangible fixed assets -€66,164
down €66,164 (-19.3%), from €343,025 to €276,861
of which Furniture and vehicles: -€45,532
- Receivables within one year +€33,952
up €33,952 (+21.3%), from €159,736 to €193,688
of which Trade receivables: +€33,661
- Cash +€27,794
up €27,794 (+42.6%), from €65,199 to €92,994
mainly Depreciation (+€75,801) and Trade debts (+€20,178)
- Debts after one year -€28,995
down €28,995 (-21.4%), from €135,501 to €106,507
- Trade debts +€20,178
up €20,178 (+32.3%), from €62,524 to €82,702
- Accrued charges and deferred income +€13,593
up €13,593 (+10.8%), from €126,013 to €139,606
- Tax, wage and social debts -€9,790
down €9,790 (-18.8%), from €52,084 to €42,294
of which Remuneration and social security: -€10,736
- Gross operating margin -€42,840
down €42,840 (-8.5%), from €503,077 to €460,238
- Staff costs -€41,506
down €41,506 (-10.2%), from €405,661 to €364,155
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 | €631,247 | €622,488 | -€8,759 | -1.4% |
| Fixed assets | 21/28 | €357,247 | €287,593 | -€69,654 | -19.5% |
| Intangible fixed assets | 21 | €10,962 | €7,472 | -€3,490 | -31.8% |
| Tangible fixed assets | 22/27 | €343,025 | €276,861 | -€66,164 | -19.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €146,039 | €126,848 | -€19,191 | -13.1% |
| Furniture and vehicles | 24 | €187,544 | €142,012 | -€45,532 | -24.3% |
| Other tangible fixed assets | 26 | €9,441 | €8,001 | -€1,440 | -15.3% |
| Financial fixed assets | 28 | €3,260 | €3,260 | = | 0.0% |
| Current assets | 29/58 | €274,000 | €334,895 | +€60,895 | +22.2% |
| Stocks and contracts in progress | 3 | €37,972 | €40,241 | +€2,268 | +6.0% |
| Stocks | 30/36 | €37,972 | €40,241 | +€2,268 | +6.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €159,736 | €193,688 | +€33,952 | +21.3% |
| Trade receivables | 40 | €159,736 | €193,396 | +€33,661 | +21.1% |
| Other amounts receivable | 41 | €0 | €292 | +€292 | |
| Cash at bank and in hand | 54/58 | €65,199 | €92,994 | +€27,794 | +42.6% |
| Deferred charges and accrued income | 490/1 | €11,093 | €7,973 | -€3,120 | -28.1% |
| Total equity and liabilities | 10/49 | €631,247 | €622,488 | -€8,759 | -1.4% |
| Equity | 10/15 | €120,649 | €122,296 | +€1,647 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,099 | €103,099 | = | 0.0% |
| Distributable reserves | 133 | €103,099 | €103,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,050 | €597 | +€1,647 | |
| Amounts payable | 17/49 | €510,598 | €500,192 | -€10,406 | -2.0% |
| Amounts payable after more than one year | 17 | €135,501 | €106,507 | -€28,995 | -21.4% |
| Financial debts | 170/4 | €135,501 | €106,507 | -€28,995 | -21.4% |
| Amounts payable within one year | 42/48 | €249,083 | €254,079 | +€4,996 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €34,475 | €28,995 | -€5,480 | -15.9% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €62,524 | €82,702 | +€20,178 | +32.3% |
| Suppliers | 440/4 | €62,524 | €82,702 | +€20,178 | +32.3% |
| Taxes, remuneration and social security | 45 | €52,084 | €42,294 | -€9,790 | -18.8% |
| Taxes | 450/3 | €7,990 | €8,935 | +€945 | +11.8% |
| Remuneration and social security | 454/9 | €44,094 | €33,359 | -€10,736 | -24.3% |
| Other amounts payable | 47/48 | €0 | €88 | +€88 | |
| Accrued charges and deferred income | 492/3 | €126,013 | €139,606 | +€13,593 | +10.8% |
| Non-recurring operating income | 76A | €82,121 | €37,500 | -€44,621 | -54.3% |
| Remuneration, social security and pensions | 62 | €405,661 | €364,155 | -€41,506 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,362 | €75,801 | -€2,561 | -3.3% |
| Other operating charges | 640/8 | €6,115 | €5,875 | -€240 | -3.9% |
| Gross operating margin | 9900 | €503,077 | €460,238 | -€42,840 | -8.5% |
| Operating profit (loss) | 9901 | €12,938 | €14,406 | +€1,468 | +11.3% |
| Financial income | 75/76B | €1,797 | €530 | -€1,268 | -70.5% |
| Recurring financial income | 75 | €1,797 | €530 | -€1,268 | -70.5% |
| Financial charges | 65/66B | €15,510 | €11,107 | -€4,404 | -28.4% |
| Recurring financial charges | 65 | €15,510 | €11,107 | -€4,404 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€775 | €3,829 | +€4,604 | |
| Income taxes | 67/77 | €275 | €2,182 | +€1,907 | +694% |
| Profit (loss) for the period | 9904 | -€1,050 | €1,647 | +€2,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,050 | €1,647 | +€2,697 |
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 13 October 2026 via checked.be.