FIORES: 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.
FIORES
Largest movements
- Current investments +€123,500
up €123,500 (+103%), from €120,000 to €243,500
- Cash -€57,707
down €57,707 (-69.0%), from €83,598 to €25,891
mainly Current investments (-€123,500) and Trade debts (-€8,614)
- Tangible fixed assets -€12,024
down €12,024 (-29.0%), from €41,512 to €29,487
- Receivables within one year -€7,614
down €7,614 (-20.9%), from €36,453 to €28,838
of which Trade receivables: -€11,855
- Reserves +€53,196
up €53,196 (+21.6%), from €246,586 to €299,782
- Trade debts -€8,614
down €8,614 (-87.5%), from €9,846 to €1,232
- Taxes -€3,555
down €3,555 (-18.7%), from €19,014 to €15,459
- Financial income +€3,370
new in 2025: €3,370
- Gross operating margin -€2,931
down €2,931 (-3.6%), from €81,692 to €78,760
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 | €281,826 | €327,727 | +€45,901 | +16.3% |
| Fixed assets | 21/28 | €41,512 | €29,487 | -€12,024 | -29.0% |
| Tangible fixed assets | 22/27 | €41,512 | €29,487 | -€12,024 | -29.0% |
| Furniture and vehicles | 24 | €41,512 | €29,487 | -€12,024 | -29.0% |
| Current assets | 29/58 | €240,314 | €298,240 | +€57,925 | +24.1% |
| Amounts receivable within one year | 40/41 | €36,453 | €28,838 | -€7,614 | -20.9% |
| Trade receivables | 40 | €35,096 | €23,241 | -€11,855 | -33.8% |
| Other amounts receivable | 41 | €1,357 | €5,597 | +€4,240 | +312% |
| Current investments | 50/53 | €120,000 | €243,500 | +€123,500 | +103% |
| Cash at bank and in hand | 54/58 | €83,598 | €25,891 | -€57,707 | -69.0% |
| Deferred charges and accrued income | 490/1 | €264 | €10 | -€253 | -96.1% |
| Total equity and liabilities | 10/49 | €281,826 | €327,727 | +€45,901 | +16.3% |
| Equity | 10/15 | €259,086 | €312,282 | +€53,196 | +20.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €246,586 | €299,782 | +€53,196 | +21.6% |
| Distributable reserves | 133 | €246,586 | €299,782 | +€53,196 | +21.6% |
| Amounts payable | 17/49 | €22,740 | €15,445 | -€7,295 | -32.1% |
| Amounts payable within one year | 42/48 | €21,240 | €13,695 | -€7,545 | -35.5% |
| Trade debts | 44 | €9,846 | €1,232 | -€8,614 | -87.5% |
| Suppliers | 440/4 | €9,846 | €1,232 | -€8,614 | -87.5% |
| Taxes, remuneration and social security | 45 | €8,520 | €6,795 | -€1,724 | -20.2% |
| Taxes | 450/3 | €8,520 | €6,795 | -€1,724 | -20.2% |
| Other amounts payable | 47/48 | €2,875 | €5,668 | +€2,793 | +97.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,750 | +€250 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,024 | €12,024 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €760 | +€373 | +96.2% |
| Gross operating margin | 9900 | €81,692 | €78,760 | -€2,931 | -3.6% |
| Operating profit (loss) | 9901 | €69,280 | €65,976 | -€3,304 | -4.8% |
| Financial income | 75/76B | - | €3,370 | +€3,370 | |
| Recurring financial income | 75 | - | €3,370 | +€3,370 | |
| Financial charges | 65/66B | €119 | €691 | +€572 | +480% |
| Recurring financial charges | 65 | €119 | €691 | +€572 | +480% |
| Profit (loss) for the period before taxes | 9903 | €69,161 | €68,655 | -€505 | -0.7% |
| Income taxes | 67/77 | €19,014 | €15,459 | -€3,555 | -18.7% |
| Profit (loss) for the period | 9904 | €50,147 | €53,196 | +€3,049 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,147 | €53,196 | +€3,049 | +6.1% |
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 18 October 2026 via checked.be.