FIERENS: what changed
What changed
FIERENS
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€354,089
2024 · €365,016-€10,927
Equity
€1.4m
2024 · €1.5m-€113,911
Cash
€497,606
2024 · €682,192-€184,585
Balance sheet total
€2.0m
2024 · €1.8m+€260,816
Largest movements
Assets
- Current investments +€300,405
up €300,405 (+49.1%), from €612,154 to €912,559
- Cash -€184,585
down €184,585 (-27.1%), from €682,192 to €497,606
mainly Contributions, distributions and other (-€468,000) and Current investments (-€300,405)
- Stocks and contracts +€94,118
up €94,118 (+29.2%), from €322,087 to €416,204
of which Contracts in progress: +€81,516
- Receivables within one year +€53,424
up €53,424 (+86.9%), from €61,506 to €114,931
of which Trade receivables: +€76,056
Equity and liabilities
- Other debts +€342,818
up €342,818 (+175%), from €196,235 to €539,053
- Reserves -€113,911
down €113,911 (-7.7%), from €1.5m to €1.4m
- Tax, wage and social debts +€32,469
up €32,469 (+53.1%), from €61,096 to €93,565
of which Taxes: +€30,408
Income statement
- Gross operating margin -€15,538
down €15,538 (-1.6%), from €970,359 to €954,821
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€365,016
Gross operating margin
-€15,538
Staff costs
+€5,646
Depreciation
-€3,207
Other operating charges
-€1,588
Financial income
+€436
Financial charges
+€1,387
Taxes
+€1,936
Result 2025
€354,089
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€604,343
Investment
-€320,929
Financing
-€468,000
Cash 2024
€682,192
From operations (derived)
+€604,343
Net result for the year
+€354,089
Depreciation
+€23,229
Stocks and contracts
-€94,118
Receivables within one year
-€53,424
Smaller working-capital items
+€725
Tax, wage and social debts
+€32,469
Other debts
+€342,818
Accrued charges and deferred income
-€1,445
Investment (derived)
-€320,929
Investment in fixed assets (net)
-€20,523
Current investments
-€300,405
Financing
-€468,000
Contributions, distributions and other
-€468,000
Cash 2025
€497,606
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,767,374 | €2,028,191 | +€260,816 | +14.8% |
| Fixed assets | 21/28 | €77,793 | €75,087 | -€2,706 | -3.5% |
| Intangible fixed assets | 21 | - | €5,826 | +€5,826 | |
| Tangible fixed assets | 22/27 | €77,793 | €69,261 | -€8,532 | -11.0% |
| Land and buildings | 22 | €13,831 | €10,219 | -€3,612 | -26.1% |
| Plant, machinery and equipment | 23 | €2,753 | €3,610 | +€857 | +31.1% |
| Furniture and vehicles | 24 | €61,208 | €55,431 | -€5,777 | -9.4% |
| Current assets | 29/58 | €1,689,582 | €1,953,104 | +€263,522 | +15.6% |
| Stocks and contracts in progress | 3 | €322,087 | €416,204 | +€94,118 | +29.2% |
| Stocks | 30/36 | €284,145 | €296,746 | +€12,602 | +4.4% |
| Contracts in progress | 37 | €37,942 | €119,458 | +€81,516 | +215% |
| Amounts receivable within one year | 40/41 | €61,506 | €114,931 | +€53,424 | +86.9% |
| Trade receivables | 40 | €38,875 | €114,931 | +€76,056 | +196% |
| Other amounts receivable | 41 | €22,631 | €0 | -€22,631 | -100% |
| Current investments | 50/53 | €612,154 | €912,559 | +€300,405 | +49.1% |
| Cash at bank and in hand | 54/58 | €682,192 | €497,606 | -€184,585 | -27.1% |
| Deferred charges and accrued income | 490/1 | €11,643 | €11,804 | +€160 | +1.4% |
| Total equity and liabilities | 10/49 | €1,767,374 | €2,028,191 | +€260,816 | +14.8% |
| Equity | 10/15 | €1,497,884 | €1,383,973 | -€113,911 | -7.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €1,473,095 | €1,359,184 | -€113,911 | -7.7% |
| Distributable reserves | 133 | €1,473,095 | €1,359,184 | -€113,911 | -7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €269,490 | €644,218 | +€374,728 | +139% |
| Amounts payable within one year | 42/48 | €264,391 | €640,564 | +€376,173 | +142% |
| Trade debts | 44 | €7,060 | €7,945 | +€885 | +12.5% |
| Suppliers | 440/4 | €7,060 | €7,945 | +€885 | +12.5% |
| Taxes, remuneration and social security | 45 | €61,096 | €93,565 | +€32,469 | +53.1% |
| Taxes | 450/3 | €41,037 | €71,445 | +€30,408 | +74.1% |
| Remuneration and social security | 454/9 | €20,059 | €22,120 | +€2,061 | +10.3% |
| Other amounts payable | 47/48 | €196,235 | €539,053 | +€342,818 | +175% |
| Accrued charges and deferred income | 492/3 | €5,099 | €3,654 | -€1,445 | -28.3% |
| Remuneration, social security and pensions | 62 | €433,927 | €428,281 | -€5,646 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,022 | €23,229 | +€3,207 | +16.0% |
| Other operating charges | 640/8 | €6,128 | €7,716 | +€1,588 | +25.9% |
| Gross operating margin | 9900 | €970,359 | €954,821 | -€15,538 | -1.6% |
| Operating profit (loss) | 9901 | €510,282 | €495,595 | -€14,687 | -2.9% |
| Financial income | 75/76B | €25,645 | €26,081 | +€436 | +1.7% |
| Recurring financial income | 75 | €25,645 | €26,081 | +€436 | +1.7% |
| Financial charges | 65/66B | €5,482 | €4,095 | -€1,387 | -25.3% |
| Recurring financial charges | 65 | €5,482 | €4,095 | -€1,387 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €530,444 | €517,581 | -€12,863 | -2.4% |
| Income taxes | 67/77 | €165,429 | €163,492 | -€1,936 | -1.2% |
| Profit (loss) for the period | 9904 | €365,016 | €354,089 | -€10,927 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €365,016 | €354,089 | -€10,927 | -3.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.