Ferrowood 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.
Ferrowood Design
Largest movements
- Receivables within one year -€9,728
down €9,728 (-9.0%), from €107,766 to €98,039
of which Trade receivables: -€27,011
- Intangible fixed assets -€2,500
down €2,500 (-50.0%), from €5,000 to €2,500
- Tangible fixed assets -€1,986
down €1,986 (-50.6%), from €3,926 to €1,940
of which Furniture and vehicles: -€1,517
- Reserves -€14,399
down €14,399 (-19.5%), from €73,924 to €59,525
- Trade debts -€6,258
down €6,258 (-39.0%), from €16,049 to €9,792
- Tax, wage and social debts +€2,705
up €2,705 (+84.5%), from €3,202 to €5,907
of which Remuneration and social security: +€2,220
- Accrued charges and deferred income +€1,920
up €1,920 (+16.7%), from €11,520 to €13,440
- Short-term financial debts +€1,898
up €1,898 (+22.7%), from €8,353 to €10,250
- Gross operating margin -€26,924
down €26,924, from €16,050 to -€10,874
- Financial charges +€1,650
up €1,650 (+132%), from €1,252 to €2,903
- Depreciation -€1,437
down €1,437 (-24.3%), from €5,923 to €4,486
- Financial income -€703
down €703 (-12.2%), from €5,753 to €5,049
- Other operating charges -€650
down €650 (-35.4%), from €1,836 to €1,186
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,447 | €111,313 | -€14,134 | -11.3% |
| Fixed assets | 21/28 | €9,403 | €4,475 | -€4,927 | -52.4% |
| Intangible fixed assets | 21 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Tangible fixed assets | 22/27 | €3,926 | €1,940 | -€1,986 | -50.6% |
| Plant, machinery and equipment | 23 | €1,375 | €905 | -€470 | -34.2% |
| Furniture and vehicles | 24 | €2,552 | €1,035 | -€1,517 | -59.4% |
| Financial fixed assets | 28 | €476 | €35 | -€441 | -92.7% |
| Current assets | 29/58 | €116,045 | €106,838 | -€9,207 | -7.9% |
| Stocks and contracts in progress | 3 | €3,205 | €3,205 | = | 0.0% |
| Stocks | 30/36 | €3,205 | €3,205 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,766 | €98,039 | -€9,728 | -9.0% |
| Trade receivables | 40 | €28,690 | €1,679 | -€27,011 | -94.1% |
| Other amounts receivable | 41 | €79,076 | €96,359 | +€17,283 | +21.9% |
| Deferred charges and accrued income | 490/1 | €5,073 | €5,594 | +€521 | +10.3% |
| Total equity and liabilities | 10/49 | €125,447 | €111,313 | -€14,134 | -11.3% |
| Equity | 10/15 | €86,324 | €71,925 | -€14,399 | -16.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,924 | €59,525 | -€14,399 | -19.5% |
| Distributable reserves | 133 | €73,924 | €59,525 | -€14,399 | -19.5% |
| Amounts payable | 17/49 | €39,123 | €39,388 | +€265 | +0.7% |
| Amounts payable within one year | 42/48 | €27,603 | €25,948 | -€1,655 | -6.0% |
| Financial debts | 43 | €8,353 | €10,250 | +€1,898 | +22.7% |
| Credit institutions | 430/8 | €8,353 | €10,250 | +€1,898 | +22.7% |
| Trade debts | 44 | €16,049 | €9,792 | -€6,258 | -39.0% |
| Suppliers | 440/4 | €16,049 | €9,792 | -€6,258 | -39.0% |
| Taxes, remuneration and social security | 45 | €3,202 | €5,907 | +€2,705 | +84.5% |
| Taxes | 450/3 | €3,202 | €3,687 | +€485 | +15.2% |
| Remuneration and social security | 454/9 | €0 | €2,220 | +€2,220 | |
| Accrued charges and deferred income | 492/3 | €11,520 | €13,440 | +€1,920 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,923 | €4,486 | -€1,437 | -24.3% |
| Other operating charges | 640/8 | €1,836 | €1,186 | -€650 | -35.4% |
| Gross operating margin | 9900 | €16,050 | -€10,874 | -€26,924 | |
| Operating profit (loss) | 9901 | €8,291 | -€16,546 | -€24,837 | |
| Financial income | 75/76B | €5,753 | €5,049 | -€703 | -12.2% |
| Recurring financial income | 75 | €5,753 | €5,049 | -€703 | -12.2% |
| Financial charges | 65/66B | €1,252 | €2,903 | +€1,650 | +132% |
| Recurring financial charges | 65 | €1,252 | €2,903 | +€1,650 | +132% |
| Profit (loss) for the period before taxes | 9903 | €12,791 | -€14,399 | -€27,190 | |
| Income taxes | 67/77 | €84 | €0 | -€84 | -100% |
| Profit (loss) for the period | 9904 | €12,707 | -€14,399 | -€27,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,707 | -€14,399 | -€27,106 |
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 16 October 2026 via checked.be.