FIORE ET FRERES: what changed
FIORE ET FRERES
Largest movements
- Cash +€15,320
up €15,320 (+52.4%), from €29,219 to €44,539
mainly Net result for the year (+€36,918) and Other debts (+€27,165)
- Receivables within one year -€1,753
down €1,753 (-99.5%), from €1,761 to €8
of which Trade receivables: -€1,761
- Stocks and contracts +€1,448
up €1,448 (+4.5%), from €31,933 to €33,380
- Trade debts -€43,637
down €43,637 (-74.1%), from €58,862 to €15,225
- Profit (loss) carried forward +€36,918
up €36,918 (+51.6%), from -€71,510 to -€34,591
- Other debts +€27,165
up €27,165 (+367%), from €7,401 to €34,566
- Current portion of long-term debt -€3,969
no longer reported in 2025 (was €3,969)
- Tax, wage and social debts -€2,016
down €2,016 (-10.2%), from €19,731 to €17,715
of which Taxes: -€1,409
- Gross operating margin +€53,275
up €53,275 (+501%), from €10,637 to €63,913
- Staff costs -€7,282
down €7,282 (-32.9%), from €22,167 to €14,885
- Taxes +€4,046
up €4,046 (+1,190%), from €340 to €4,386
- Other operating charges -€1,573
down €1,573 (-65.4%), from €2,406 to €833
- Financial charges -€1,501
down €1,501 (-17.5%), from €8,564 to €7,063
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,913 | €78,455 | +€15,542 | +24.7% |
| Current assets | 29/58 | €62,913 | €78,455 | +€15,542 | +24.7% |
| Stocks and contracts in progress | 3 | €31,933 | €33,380 | +€1,448 | +4.5% |
| Stocks | 30/36 | €31,933 | €33,380 | +€1,448 | +4.5% |
| Amounts receivable within one year | 40/41 | €1,761 | €8 | -€1,753 | -99.5% |
| Trade receivables | 40 | €1,761 | - | -€1,761 | |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €29,219 | €44,539 | +€15,320 | +52.4% |
| Deferred charges and accrued income | 490/1 | - | €527 | +€527 | |
| Total equity and liabilities | 10/49 | €62,913 | €78,455 | +€15,542 | +24.7% |
| Equity | 10/15 | -€54,710 | -€15,991 | +€38,718 | +70.8% |
| Contributions | 10/11 | €16,800 | €18,600 | +€1,800 | +10.7% |
| Contributions outside capital | 11 | €16,800 | - | -€16,800 | |
| Other | 1109/19 | €16,800 | - | -€16,800 | |
| Profit (loss) carried forward | 14 | -€71,510 | -€34,591 | +€36,918 | +51.6% |
| Amounts payable | 17/49 | €117,623 | €94,446 | -€23,176 | -19.7% |
| Amounts payable within one year | 42/48 | €117,087 | €94,446 | -€22,641 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €3,969 | - | -€3,969 | |
| Financial debts | 43 | €27,124 | €26,941 | -€183 | -0.7% |
| Credit institutions | 430/8 | €27,124 | €26,941 | -€183 | -0.7% |
| Trade debts | 44 | €58,862 | €15,225 | -€43,637 | -74.1% |
| Suppliers | 440/4 | €58,862 | €15,225 | -€43,637 | -74.1% |
| Taxes, remuneration and social security | 45 | €19,731 | €17,715 | -€2,016 | -10.2% |
| Taxes | 450/3 | €8,933 | €7,524 | -€1,409 | -15.8% |
| Remuneration and social security | 454/9 | €10,798 | €10,191 | -€607 | -5.6% |
| Other amounts payable | 47/48 | €7,401 | €34,566 | +€27,165 | +367% |
| Accrued charges and deferred income | 492/3 | €536 | - | -€536 | |
| Remuneration, social security and pensions | 62 | €22,167 | €14,885 | -€7,282 | -32.9% |
| Other operating charges | 640/8 | €2,406 | €833 | -€1,573 | -65.4% |
| Gross operating margin | 9900 | €10,637 | €63,913 | +€53,275 | +501% |
| Operating profit (loss) | 9901 | -€13,936 | €48,194 | +€62,130 | |
| Financial income | 75/76B | €22 | €173 | +€152 | +703% |
| Recurring financial income | 75 | €22 | €173 | +€152 | +703% |
| Financial charges | 65/66B | €8,564 | €7,063 | -€1,501 | -17.5% |
| Recurring financial charges | 65 | €8,564 | €7,063 | -€1,501 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,479 | €41,305 | +€63,783 | |
| Income taxes | 67/77 | €340 | €4,386 | +€4,046 | +1,190% |
| Profit (loss) for the period | 9904 | -€22,819 | €36,918 | +€59,737 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,819 | €36,918 | +€59,737 |
Next steps
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 3 November 2026 via checked.be.