MM FERRONNERIE: 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.
MM FERRONNERIE
Largest movements
- Receivables within one year -€47,266
down €47,266 (-59.8%), from €79,066 to €31,800
of which Trade receivables: -€49,725
- Tangible fixed assets +€15,006
up €15,006 (+104%), from €14,402 to €29,408
of which Plant, machinery and equipment: +€17,852
- Cash +€1,509
up €1,509 (+3.5%), from €43,350 to €44,859
mainly Receivables within one year (+€47,266) and Depreciation (+€10,147)
- Trade debts -€12,921
down €12,921 (-82.1%), from €15,740 to €2,820
- Reserves -€8,000
down €8,000 (-11.3%), from €71,000 to €63,000
- Tax, wage and social debts -€5,558
down €5,558 (-28.9%), from €19,213 to €13,655
of which Taxes: -€5,506
- Debts after one year -€5,190
down €5,190 (-84.5%), from €6,142 to €951
- Current portion of long-term debt -€1,861
down €1,861 (-26.4%), from €7,051 to €5,190
- Gross operating margin -€56,005
down €56,005 (-84.9%), from €65,935 to €9,930
- Taxes -€12,646
down €12,646 (-98.1%), from €12,886 to €240
- Staff costs +€3,591
up €3,591 (+483%), from €743 to €4,334
- Depreciation -€3,211
down €3,211 (-24.0%), from €13,357 to €10,147
- Financial charges +€1,963
up €1,963 (+259%), from €759 to €2,723
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 | €139,564 | €107,955 | -€31,609 | -22.6% |
| Fixed assets | 21/28 | €14,402 | €29,408 | +€15,006 | +104% |
| Tangible fixed assets | 22/27 | €14,402 | €29,408 | +€15,006 | +104% |
| Plant, machinery and equipment | 23 | €11,262 | €29,113 | +€17,852 | +159% |
| Furniture and vehicles | 24 | €3,140 | €294 | -€2,846 | -90.6% |
| Current assets | 29/58 | €125,162 | €78,547 | -€46,615 | -37.2% |
| Stocks and contracts in progress | 3 | €2,504 | €1,257 | -€1,247 | -49.8% |
| Stocks | 30/36 | €2,504 | €1,257 | -€1,247 | -49.8% |
| Amounts receivable within one year | 40/41 | €79,066 | €31,800 | -€47,266 | -59.8% |
| Trade receivables | 40 | €74,158 | €24,434 | -€49,725 | -67.1% |
| Other amounts receivable | 41 | €4,907 | €7,366 | +€2,459 | +50.1% |
| Cash at bank and in hand | 54/58 | €43,350 | €44,859 | +€1,509 | +3.5% |
| Deferred charges and accrued income | 490/1 | €243 | €632 | +€389 | +160% |
| Total equity and liabilities | 10/49 | €139,564 | €107,955 | -€31,609 | -22.6% |
| Equity | 10/15 | €76,682 | €68,353 | -€8,329 | -10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €71,000 | €63,000 | -€8,000 | -11.3% |
| Distributable reserves | 133 | €71,000 | €63,000 | -€8,000 | -11.3% |
| Profit (loss) carried forward | 14 | €682 | €353 | -€329 | -48.3% |
| Amounts payable | 17/49 | €62,882 | €39,602 | -€23,280 | -37.0% |
| Amounts payable after more than one year | 17 | €6,142 | €951 | -€5,190 | -84.5% |
| Financial debts | 170/4 | €6,142 | €951 | -€5,190 | -84.5% |
| Amounts payable within one year | 42/48 | €56,740 | €38,650 | -€18,089 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €7,051 | €5,190 | -€1,861 | -26.4% |
| Trade debts | 44 | €15,740 | €2,820 | -€12,921 | -82.1% |
| Suppliers | 440/4 | €15,740 | €2,820 | -€12,921 | -82.1% |
| Advances received on contracts in progress | 46 | €0 | €1,325 | +€1,325 | |
| Taxes, remuneration and social security | 45 | €19,213 | €13,655 | -€5,558 | -28.9% |
| Taxes | 450/3 | €18,855 | €13,350 | -€5,506 | -29.2% |
| Remuneration and social security | 454/9 | €358 | €305 | -€53 | -14.7% |
| Other amounts payable | 47/48 | €14,735 | €15,660 | +€925 | +6.3% |
| Remuneration, social security and pensions | 62 | €743 | €4,334 | +€3,591 | +483% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,357 | €10,147 | -€3,211 | -24.0% |
| Other operating charges | 640/8 | €935 | €830 | -€105 | -11.2% |
| Gross operating margin | 9900 | €65,935 | €9,930 | -€56,005 | -84.9% |
| Operating profit (loss) | 9901 | €50,898 | -€5,381 | -€56,280 | |
| Financial income | 75/76B | €104 | €15 | -€90 | -86.0% |
| Recurring financial income | 75 | €104 | €15 | -€90 | -86.0% |
| Financial charges | 65/66B | €759 | €2,723 | +€1,963 | +259% |
| Recurring financial charges | 65 | €759 | €2,723 | +€1,963 | +259% |
| Profit (loss) for the period before taxes | 9903 | €50,243 | -€8,089 | -€58,333 | |
| Income taxes | 67/77 | €12,886 | €240 | -€12,646 | -98.1% |
| Profit (loss) for the period | 9904 | €37,358 | -€8,329 | -€45,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,358 | -€8,329 | -€45,687 |
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 24 October 2026 via checked.be.