Ferring: 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.
What changed
Ferring
NACE 21.201, Manufacture of basic pharmaceutical products and pharmaceutical preparations
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€457,511
2024 · €407,922+€49,589
Equity
€3.1m
2024 · €2.6m+€457,512
Cash
€76,745
2024 · €77,368-€623
Balance sheet total
€11.0m
2024 · €7.7m+€3.3m
Largest movements
Assets
- Receivables within one year +€7.2m
up €7.2m (+208%), from €3.4m to €10.6m
of which Trade receivables: +€6.3m
- Stocks and contracts -€4.1m
down €4.1m (-100%), from €4.1m to €0
- Deferred charges and accrued income +€230,791
up €230,791 (+659%), from €35,000 to €265,791
Equity and liabilities
- Short-term financial debts +€2.0m
up €2.0m (+96.9%), from €2.0m to €4.0m
- Trade debts +€699,822
up €699,822 (+36.2%), from €1.9m to €2.6m
- Profit (loss) carried forward +€457,512
up €457,512 (+20.1%), from €2.3m to €2.7m
- Tax, wage and social debts +€148,749
up €148,749 (+19.5%), from €762,831 to €911,580
of which Remuneration and social security: +€86,739
Income statement
- Other operating income +€5.0m
up €5.0m (+1,602%), from €310,730 to €5.3m
- Goods and materials +€3.4m
up €3.4m (+25.4%), from €13.6m to €17.0m
of which Change in stocks: decrease (increase): +€2.4m
- Services and other goods +€897,530
up €897,530 (+29.4%), from €3.0m to €3.9m
- Staff costs +€219,448
up €219,448 (+8.6%), from €2.5m to €2.8m
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.
Result 2024
€407,922
Turnover
-€23,627
Other operating income
+€5.0m
Goods and materials
-€3.4m
Services and other goods
-€897,530
Staff costs
-€219,448
Write-downs
-€187,520
Other operating charges
-€121,538
Other operating items
+€1
Financial income
-€1,007
Financial charges
-€20,332
Taxes
-€16,856
Result 2025
€457,511
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.0m
Investment
+€0
Financing
+€2.0m
Cash 2024
€77,368
From operations (derived)
-€2.0m
Net result for the year
+€457,511
Stocks and contracts
+€4.1m
Receivables within one year
-€7.2m
Deferred charges and accrued income
-€230,791
Provisions
+€72,405
Trade debts
+€699,822
Tax, wage and social debts
+€148,749
Accrued charges and deferred income
-€25,924
Investment (derived)
+€0
Investment in fixed assets (net)
+€0
Financing
+€2.0m
Short-term financial debts
+€2.0m
Contributions, distributions and other
+€0
Cash 2025
€76,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,668,881 | €10,976,015 | +€3.3m | +43.1% |
| Fixed assets | 21/28 | €11,633 | €11,633 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €7,956 | €7,956 | -€0 | 0.0% |
| Other tangible fixed assets | 26 | €7,956 | €7,956 | -€0 | 0.0% |
| Financial fixed assets | 28 | €3,677 | €3,677 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,677 | €3,677 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,677 | €3,677 | = | 0.0% |
| Current assets | 29/58 | €7,657,249 | €10,964,382 | +€3.3m | +43.2% |
| Stocks and contracts in progress | 3 | €4,100,578 | €0 | -€4.1m | -100% |
| Stocks | 30/36 | €4,100,578 | €0 | -€4.1m | -100% |
| Goods purchased for resale | 34 | €4,100,578 | €0 | -€4.1m | -100% |
| Amounts receivable within one year | 40/41 | €3,444,303 | €10,621,846 | +€7.2m | +208% |
| Trade receivables | 40 | €3,327,157 | €9,601,971 | +€6.3m | +189% |
| Other amounts receivable | 41 | €117,145 | €1,019,875 | +€902,730 | +771% |
| Cash at bank and in hand | 54/58 | €77,368 | €76,745 | -€623 | -0.8% |
| Deferred charges and accrued income | 490/1 | €35,000 | €265,791 | +€230,791 | +659% |
| Total equity and liabilities | 10/49 | €7,668,881 | €10,976,015 | +€3.3m | +43.1% |
| Equity | 10/15 | €2,629,997 | €3,087,509 | +€457,512 | +17.4% |
| Contributions | 10/11 | €322,500 | €322,500 | +€0 | 0.0% |
| Capital | 10 | €322,500 | €322,500 | +€0 | 0.0% |
| Issued capital | 100 | €322,500 | €322,500 | +€0 | 0.0% |
| Reserves | 13 | €32,250 | €32,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,250 | €32,250 | = | 0.0% |
| Legal reserve | 130 | €32,250 | €32,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,275,247 | €2,732,759 | +€457,512 | +20.1% |
| Provisions and deferred taxes | 16 | - | €72,405 | +€72,405 | |
| Provisions for liabilities and charges | 160/5 | - | €72,405 | +€72,405 | |
| Other liabilities and charges | 164/5 | - | €72,405 | +€72,405 | |
| Amounts payable | 17/49 | €5,038,884 | €7,816,101 | +€2.8m | +55.1% |
| Amounts payable within one year | 42/48 | €4,715,643 | €7,518,783 | +€2.8m | +59.4% |
| Financial debts | 43 | €2,017,278 | €3,971,847 | +€2.0m | +96.9% |
| Credit institutions | 430/8 | €2,017,278 | €3,971,847 | +€2.0m | +96.9% |
| Trade debts | 44 | €1,935,535 | €2,635,357 | +€699,822 | +36.2% |
| Suppliers | 440/4 | €1,935,535 | €2,635,357 | +€699,822 | +36.2% |
| Taxes, remuneration and social security | 45 | €762,831 | €911,580 | +€148,749 | +19.5% |
| Taxes | 450/3 | €86,779 | €148,789 | +€62,010 | +71.5% |
| Remuneration and social security | 454/9 | €676,052 | €762,791 | +€86,739 | +12.8% |
| Accrued charges and deferred income | 492/3 | €323,241 | €297,317 | -€25,924 | -8.0% |
| Operating income | 70/76A | €20,710,901 | €25,663,985 | +€5.0m | +23.9% |
| Turnover | 70 | €20,400,171 | €20,376,544 | -€23,627 | -0.1% |
| Other operating income | 74 | €310,730 | €5,287,441 | +€5.0m | +1,602% |
| Operating charges | 60/66A | €20,087,785 | €24,953,085 | +€4.9m | +24.2% |
| Goods for resale, raw materials and consumables | 60 | €13,550,455 | €16,989,720 | +€3.4m | +25.4% |
| Purchases | 600/8 | €12,823,886 | €13,865,502 | +€1.0m | +8.1% |
| Change in stocks: decrease (increase) | 609 | €726,569 | €3,124,219 | +€2.4m | +330% |
| Services and other goods | 61 | €3,048,692 | €3,946,222 | +€897,530 | +29.4% |
| Remuneration, social security and pensions | 62 | €2,539,231 | €2,758,679 | +€219,448 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€130,300 | €57,220 | +€187,520 | |
| Other operating charges | 640/8 | €1,079,706 | €1,201,244 | +€121,538 | +11.3% |
| Operating profit (loss) | 9901 | €623,116 | €710,900 | +€87,784 | +14.1% |
| Financial income | 75/76B | €1,007 | €0 | -€1,007 | -100% |
| Recurring financial income | 75 | €1,007 | €0 | -€1,007 | -100% |
| Income from current assets | 751 | €1,007 | €0 | -€1,007 | -100% |
| Other financial income | 752/9 | €0 | €0 | = | |
| Financial charges | 65/66B | €53,201 | €73,533 | +€20,332 | +38.2% |
| Recurring financial charges | 65 | €53,201 | €73,533 | +€20,332 | +38.2% |
| Debt charges | 650 | €49,018 | €63,241 | +€14,223 | +29.0% |
| Other financial charges | 652/9 | €4,183 | €10,292 | +€6,109 | +146% |
| Profit (loss) for the period before taxes | 9903 | €570,922 | €637,367 | +€66,445 | +11.6% |
| Income taxes | 67/77 | €163,000 | €179,856 | +€16,856 | +10.3% |
| Taxes | 670/3 | €163,000 | €179,856 | +€16,856 | +10.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €407,922 | €457,511 | +€49,589 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €407,922 | €457,511 | +€49,589 | +12.2% |
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 29 October 2026 via checked.be.