FIFROCQ: 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.
FIFROCQ
Largest movements
- Cash -€13,646
down €13,646 (-31.9%), from €42,712 to €29,066
mainly Investment in fixed assets (net) (-€24,078) and Debts after one year (-€7,705)
- Receivables within one year -€10,972
down €10,972 (-26.0%), from €42,237 to €31,266
of which Trade receivables: -€11,849
- Tangible fixed assets +€10,120
up €10,120 (+21.9%), from €46,291 to €56,411
of which Furniture and vehicles: +€11,331
- Debts after one year -€7,705
down €7,705 (-40.2%), from €19,150 to €11,445
- Profit (loss) carried forward -€7,676
down €7,676 (-30.7%), from €25,019 to €17,343
- Trade debts +€4,931
up €4,931 (+52.4%), from €9,412 to €14,343
- Tax, wage and social debts -€2,595
down €2,595 (-15.3%), from €16,994 to €14,399
- Other debts -€1,749
down €1,749 (-53.7%), from €3,257 to €1,508
- Gross operating margin -€88,985
down €88,985 (-91.6%), from €97,115 to €8,130
- Taxes -€14,117
down €14,117 (-99.0%), from €14,258 to €141
- Other operating charges -€13,872
down €13,872 (-95.0%), from €14,602 to €730
- Depreciation +€4,414
up €4,414 (+46.3%), from €9,543 to €13,958
- Financial charges -€1,810
down €1,810 (-64.7%), from €2,799 to €988
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 | €131,240 | €116,742 | -€14,497 | -11.0% |
| Fixed assets | 21/28 | €46,291 | €56,411 | +€10,120 | +21.9% |
| Tangible fixed assets | 22/27 | €46,291 | €56,411 | +€10,120 | +21.9% |
| Land and buildings | 22 | €18,000 | €18,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,211 | - | -€1,211 | |
| Furniture and vehicles | 24 | €27,080 | €38,411 | +€11,331 | +41.8% |
| Current assets | 29/58 | €84,949 | €60,331 | -€24,617 | -29.0% |
| Amounts receivable within one year | 40/41 | €42,237 | €31,266 | -€10,972 | -26.0% |
| Trade receivables | 40 | €40,971 | €29,122 | -€11,849 | -28.9% |
| Other amounts receivable | 41 | €1,266 | €2,144 | +€878 | +69.3% |
| Cash at bank and in hand | 54/58 | €42,712 | €29,066 | -€13,646 | -31.9% |
| Total equity and liabilities | 10/49 | €131,240 | €116,742 | -€14,497 | -11.0% |
| Equity | 10/15 | €75,019 | €67,343 | -€7,676 | -10.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,019 | €17,343 | -€7,676 | -30.7% |
| Amounts payable | 17/49 | €56,221 | €49,399 | -€6,821 | -12.1% |
| Amounts payable after more than one year | 17 | €19,150 | €11,445 | -€7,705 | -40.2% |
| Financial debts | 170/4 | €19,150 | €11,445 | -€7,705 | -40.2% |
| Amounts payable within one year | 42/48 | €37,071 | €37,954 | +€883 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €7,408 | €7,705 | +€296 | +4.0% |
| Trade debts | 44 | €9,412 | €14,343 | +€4,931 | +52.4% |
| Suppliers | 440/4 | €9,412 | €14,343 | +€4,931 | +52.4% |
| Taxes, remuneration and social security | 45 | €16,994 | €14,399 | -€2,595 | -15.3% |
| Taxes | 450/3 | €16,994 | €14,399 | -€2,595 | -15.3% |
| Other amounts payable | 47/48 | €3,257 | €1,508 | -€1,749 | -53.7% |
| Non-recurring operating income | 76A | €89,676 | - | -€89,676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,543 | €13,958 | +€4,414 | +46.3% |
| Other operating charges | 640/8 | €14,602 | €730 | -€13,872 | -95.0% |
| Gross operating margin | 9900 | €97,115 | €8,130 | -€88,985 | -91.6% |
| Operating profit (loss) | 9901 | €72,969 | -€6,558 | -€79,528 | |
| Financial income | 75/76B | €90 | €11 | -€78 | -87.3% |
| Recurring financial income | 75 | €90 | €11 | -€78 | -87.3% |
| Financial charges | 65/66B | €2,799 | €988 | -€1,810 | -64.7% |
| Recurring financial charges | 65 | €2,799 | €988 | -€1,810 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €70,261 | -€7,535 | -€77,796 | |
| Income taxes | 67/77 | €14,258 | €141 | -€14,117 | -99.0% |
| Profit (loss) for the period | 9904 | €56,003 | -€7,676 | -€63,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,003 | -€7,676 | -€63,679 |
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 14 October 2026 via checked.be.