FIERS: what changed
Two fiscal 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
FIERS
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,033
2024 · €16,735-€9,702
Equity
€444,350
2024 · €437,316+€7,033
Cash
€379,035
2024 · €497,032-€117,998
Balance sheet total
€3.2m
2024 · €3.2m+€15,667
Largest movements
Assets
- Stocks and contracts +€351,836
up €351,836 (+37.6%), from €935,011 to €1.3m
- Tangible fixed assets -€235,490
down €235,490 (-13.9%), from €1.7m to €1.5m
of which Land and buildings: -€226,804
- Cash -€117,998
down €117,998 (-23.7%), from €497,032 to €379,035
mainly Stocks and contracts (-€351,836) and Trade debts (-€94,640)
Equity and liabilities
- Provisions +€186,000
up €186,000 (+485.8%), from €38,288 to €224,288
- Trade debts -€94,640
down €94,640 (-30.0%), from €315,991 to €221,352
- Debts after one year -€88,512
down €88,512 (-9.9%), from €891,126 to €802,613
- Current portion of long-term debt -€32,602
down €32,602 (-25.4%), from €128,359 to €95,757
Income statement
- Gross operating margin +€242,592
up €242,592 (+47.8%), from €507,168 to €749,760
- Provisions +€186,000
new in 2025: €186,000
- Write-downs +€61,285
up €61,285 (+100.1%), from €61,252 to €122,538
- Financial charges -€16,236
down €16,236 (-13.6%), from €119,605 to €103,369
- Depreciation +€9,916
up €9,916 (+12.0%), from €82,883 to €92,798
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
€16,735
Gross operating margin
+€242,592
Staff costs
-€5,883
Depreciation
-€9,916
Write-downs
-€61,285
Provisions
-€186,000
Other operating charges
-€8,912
Financial charges
+€16,236
Taxes
+€3,466
Result 2025
€7,033
Cash bridge derived
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
-€162,828
Investment
+€142,691
Financing
-€97,861
Cash 2024
€497,032
From operations (derived)
-€162,828
Net result for the year
+€7,033
Depreciation
+€92,798
Stocks and contracts
-€351,836
Receivables within one year
-€14,547
Deferred charges and accrued income
-€2,771
Provisions
+€186,000
Trade debts
-€94,640
Tax, wage and social debts
+€3,804
Advances received
-€15,000
Other debts
+€28,634
Accrued charges and deferred income
-€2,304
Investment (derived)
+€142,691
Investment in fixed assets (net)
+€142,691
Financing
-€97,861
Debts after one year
-€88,512
Current portion of long-term debt
-€32,602
Short-term financial debts
+€23,253
Cash 2025
€379,035
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,233,205 | €3,248,872 | +€15,667 | +0.5% |
| Fixed assets | 21/28 | €1,691,867 | €1,456,377 | -€235,490 | -13.9% |
| Tangible fixed assets | 22/27 | €1,691,272 | €1,455,782 | -€235,490 | -13.9% |
| Land and buildings | 22 | €1,656,253 | €1,429,450 | -€226,804 | -13.7% |
| Plant, machinery and equipment | 23 | €5,749 | €4,249 | -€1,500 | -26.1% |
| Furniture and vehicles | 24 | €29,269 | €22,083 | -€7,186 | -24.6% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €1,541,338 | €1,792,495 | +€251,157 | +16.3% |
| Stocks and contracts in progress | 3 | €935,011 | €1,286,847 | +€351,836 | +37.6% |
| Stocks | 30/36 | €935,011 | €1,286,847 | +€351,836 | +37.6% |
| Amounts receivable within one year | 40/41 | €86,634 | €101,181 | +€14,547 | +16.8% |
| Trade receivables | 40 | €78,261 | €21,327 | -€56,934 | -72.7% |
| Other amounts receivable | 41 | €8,373 | €79,854 | +€71,481 | +853.7% |
| Cash at bank and in hand | 54/58 | €497,032 | €379,035 | -€117,998 | -23.7% |
| Deferred charges and accrued income | 490/1 | €22,662 | €25,432 | +€2,771 | +12.2% |
| Total equity and liabilities | 10/49 | €3,233,205 | €3,248,872 | +€15,667 | +0.5% |
| Equity | 10/15 | €437,316 | €444,350 | +€7,033 | +1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €79,127 | €79,127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,268 | €2,268 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €339,597 | €346,630 | +€7,033 | +2.1% |
| Provisions and deferred taxes | 16 | €38,288 | €224,288 | +€186,000 | +485.8% |
| Provisions for liabilities and charges | 160/5 | €38,288 | €224,288 | +€186,000 | +485.8% |
| Pensions and similar obligations | 160 | €38,288 | €224,288 | +€186,000 | +485.8% |
| Amounts payable | 17/49 | €2,757,600 | €2,580,234 | -€177,366 | -6.4% |
| Amounts payable after more than one year | 17 | €891,126 | €802,613 | -€88,512 | -9.9% |
| Financial debts | 170/4 | €891,126 | €802,613 | -€88,512 | -9.9% |
| Amounts payable within one year | 42/48 | €1,864,171 | €1,777,620 | -€86,551 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €128,359 | €95,757 | -€32,602 | -25.4% |
| Financial debts | 43 | €800,000 | €823,253 | +€23,253 | +2.9% |
| Credit institutions | 430/8 | €800,000 | €823,253 | +€23,253 | +2.9% |
| Trade debts | 44 | €315,991 | €221,352 | -€94,640 | -30.0% |
| Suppliers | 440/4 | €315,991 | €221,352 | -€94,640 | -30.0% |
| Advances received on contracts in progress | 46 | €15,000 | €0 | -€15,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,682 | €24,486 | +€3,804 | +18.4% |
| Taxes | 450/3 | €7,788 | €11,192 | +€3,404 | +43.7% |
| Remuneration and social security | 454/9 | €12,894 | €13,294 | +€400 | +3.1% |
| Other amounts payable | 47/48 | €584,139 | €612,773 | +€28,634 | +4.9% |
| Accrued charges and deferred income | 492/3 | €2,304 | €0 | -€2,304 | -100.0% |
| Non-recurring operating income | 76A | - | €600,817 | +€600,817 | |
| Remuneration, social security and pensions | 62 | €175,424 | €181,307 | +€5,883 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,883 | €92,798 | +€9,916 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €61,252 | €122,538 | +€61,285 | +100.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €186,000 | +€186,000 | |
| Other operating charges | 640/8 | €43,540 | €52,451 | +€8,912 | +20.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €507,168 | €749,760 | +€242,592 | +47.8% |
| Operating profit (loss) | 9901 | €144,070 | €114,666 | -€29,403 | -20.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €119,605 | €103,369 | -€16,236 | -13.6% |
| Recurring financial charges | 65 | €119,605 | €103,369 | -€16,236 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €24,464 | €11,297 | -€13,167 | -53.8% |
| Income taxes | 67/77 | €7,729 | €4,264 | -€3,466 | -44.8% |
| Profit (loss) for the period | 9904 | €16,735 | €7,033 | -€9,702 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,735 | €7,033 | -€9,702 | -58.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.