Revy Ferro’s: 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.
Revy Ferro’s
Largest movements
- Tangible fixed assets +€45,504
up €45,504 (+14.7%), from €309,284 to €354,788
of which Plant, machinery and equipment: +€30,936
- Cash -€36,910
down €36,910 (-68.5%), from €53,907 to €16,997
mainly Contributions, distributions and other (-€104,427) and Investment in fixed assets (net) (-€63,124)
- Receivables within one year +€7,343
up €7,343 (+50.3%), from €14,594 to €21,936
of which Trade receivables: +€6,730
- Receivables after one year -€6,396
no longer reported in 2025 (was €6,396)
- Current investments -€5,227
no longer reported in 2025 (was €5,227)
- Reserves -€92,981
down €92,981 (-89.0%), from €104,427 to €11,446
- Debts after one year +€91,948
up €91,948 (+33.9%), from €271,517 to €363,465
of which Other amounts payable: +€66,867
- Tax, wage and social debts +€6,847
up €6,847 (+5,314%), from €129 to €6,976
- Financial charges +€2,535
up €2,535 (+22.8%), from €11,126 to €13,661
- Depreciation +€2,361
up €2,361 (+15.5%), from €15,259 to €17,620
- Gross operating margin -€1,479
down €1,479 (-3.0%), from €49,709 to €48,231
- Taxes +€1,051
up €1,051 (+60.3%), from €1,743 to €2,794
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 | €390,330 | €393,721 | +€3,391 | +0.9% |
| Fixed assets | 21/28 | €309,284 | €354,788 | +€45,504 | +14.7% |
| Tangible fixed assets | 22/27 | €309,284 | €354,788 | +€45,504 | +14.7% |
| Land and buildings | 22 | €297,316 | €308,182 | +€10,867 | +3.7% |
| Plant, machinery and equipment | 23 | €11,424 | €42,360 | +€30,936 | +271% |
| Furniture and vehicles | 24 | €544 | €4,245 | +€3,701 | +680% |
| Current assets | 29/58 | €81,047 | €38,933 | -€42,113 | -52.0% |
| Amounts receivable after more than one year | 29 | €6,396 | - | -€6,396 | |
| Other amounts receivable | 291 | €6,396 | - | -€6,396 | |
| Amounts receivable within one year | 40/41 | €14,594 | €21,936 | +€7,343 | +50.3% |
| Trade receivables | 40 | €6,171 | €12,901 | +€6,730 | +109% |
| Other amounts receivable | 41 | €8,423 | €9,035 | +€613 | +7.3% |
| Current investments | 50/53 | €5,227 | - | -€5,227 | |
| Cash at bank and in hand | 54/58 | €53,907 | €16,997 | -€36,910 | -68.5% |
| Deferred charges and accrued income | 490/1 | €923 | - | -€923 | |
| Total equity and liabilities | 10/49 | €390,330 | €393,721 | +€3,391 | +0.9% |
| Equity | 10/15 | €105,927 | €12,946 | -€92,981 | -87.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €104,427 | €11,446 | -€92,981 | -89.0% |
| Distributable reserves | 133 | €104,427 | €11,446 | -€92,981 | -89.0% |
| Amounts payable | 17/49 | €284,403 | €380,775 | +€96,372 | +33.9% |
| Amounts payable after more than one year | 17 | €271,517 | €363,465 | +€91,948 | +33.9% |
| Financial debts | 170/4 | €271,517 | €296,598 | +€25,081 | +9.2% |
| Other amounts payable | 178/9 | - | €66,867 | +€66,867 | |
| Amounts payable within one year | 42/48 | €12,886 | €17,310 | +€4,424 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €10,935 | €8,100 | -€2,834 | -25.9% |
| Trade debts | 44 | €1,093 | €2,234 | +€1,142 | +104% |
| Suppliers | 440/4 | €1,093 | €2,234 | +€1,142 | +104% |
| Taxes, remuneration and social security | 45 | €129 | €6,976 | +€6,847 | +5,314% |
| Taxes | 450/3 | €129 | €6,976 | +€6,847 | +5,314% |
| Other amounts payable | 47/48 | €730 | - | -€730 | |
| Non-recurring operating income | 76A | - | €1,997 | +€1,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,259 | €17,620 | +€2,361 | +15.5% |
| Other operating charges | 640/8 | €308 | €695 | +€387 | +126% |
| Non-recurring operating charges | 66A | - | €2,015 | +€2,015 | |
| Gross operating margin | 9900 | €49,709 | €48,231 | -€1,479 | -3.0% |
| Operating profit (loss) | 9901 | €34,143 | €27,901 | -€6,242 | -18.3% |
| Financial income | 75/76B | €279 | €0 | -€279 | -100.0% |
| Recurring financial income | 75 | €279 | €0 | -€279 | -100.0% |
| Financial charges | 65/66B | €11,126 | €13,661 | +€2,535 | +22.8% |
| Recurring financial charges | 65 | €11,126 | €13,661 | +€2,535 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €23,296 | €14,240 | -€9,056 | -38.9% |
| Income taxes | 67/77 | €1,743 | €2,794 | +€1,051 | +60.3% |
| Profit (loss) for the period | 9904 | €21,553 | €11,446 | -€10,107 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,553 | €11,446 | -€10,107 | -46.9% |
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 31 October 2026 via checked.be.