FIRAMA: 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.
FIRAMA
Largest movements
- Cash +€81,341
up €81,341 (+57.5%), from €141,566 to €222,907
mainly Net result for the year (+€80,036) and Other debts (+€68,758)
- Tangible fixed assets -€8,654
down €8,654 (-44.4%), from €19,498 to €10,844
of which Furniture and vehicles: -€7,079
- Other debts +€68,758
up €68,758 (+88.0%), from €78,173 to €146,931
- Tax, wage and social debts +€4,829
up €4,829 (+56.9%), from €8,492 to €13,322
- Gross operating margin +€4,820
up €4,820 (+4.5%), from €107,859 to €112,679
- Taxes +€1,302
up €1,302 (+5.9%), from €21,948 to €23,250
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 | €183,185 | €257,380 | +€74,195 | +40.5% |
| Fixed assets | 21/28 | €19,558 | €10,904 | -€8,654 | -44.2% |
| Tangible fixed assets | 22/27 | €19,498 | €10,844 | -€8,654 | -44.4% |
| Plant, machinery and equipment | 23 | €390 | €0 | -€390 | -100% |
| Furniture and vehicles | 24 | €14,026 | €6,947 | -€7,079 | -50.5% |
| Other tangible fixed assets | 26 | €5,082 | €3,897 | -€1,185 | -23.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €163,627 | €246,475 | +€82,849 | +50.6% |
| Amounts receivable within one year | 40/41 | €17,555 | €18,523 | +€968 | +5.5% |
| Trade receivables | 40 | €17,405 | €18,523 | +€1,118 | +6.4% |
| Other amounts receivable | 41 | €150 | €0 | -€150 | -100% |
| Cash at bank and in hand | 54/58 | €141,566 | €222,907 | +€81,341 | +57.5% |
| Deferred charges and accrued income | 490/1 | €4,506 | €5,046 | +€540 | +12.0% |
| Total equity and liabilities | 10/49 | €183,185 | €257,380 | +€74,195 | +40.5% |
| Equity | 10/15 | €96,343 | €96,343 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €93,343 | €93,343 | = | 0.0% |
| Distributable reserves | 133 | €93,343 | €93,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €86,842 | €161,037 | +€74,195 | +85.4% |
| Amounts payable within one year | 42/48 | €86,842 | €161,037 | +€74,195 | +85.4% |
| Trade debts | 44 | €177 | €784 | +€607 | +344% |
| Suppliers | 440/4 | €177 | €784 | +€607 | +344% |
| Taxes, remuneration and social security | 45 | €8,492 | €13,322 | +€4,829 | +56.9% |
| Taxes | 450/3 | €8,492 | €13,322 | +€4,829 | +56.9% |
| Other amounts payable | 47/48 | €78,173 | €146,931 | +€68,758 | +88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,194 | €8,654 | +€459 | +5.6% |
| Other operating charges | 640/8 | €1,553 | €1,412 | -€140 | -9.0% |
| Gross operating margin | 9900 | €107,859 | €112,679 | +€4,820 | +4.5% |
| Operating profit (loss) | 9901 | €98,112 | €102,613 | +€4,501 | +4.6% |
| Financial income | 75/76B | €400 | €883 | +€484 | +121% |
| Recurring financial income | 75 | €400 | €883 | +€484 | +121% |
| Financial charges | 65/66B | €347 | €210 | -€136 | -39.3% |
| Recurring financial charges | 65 | €347 | €210 | -€136 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €98,165 | €103,285 | +€5,121 | +5.2% |
| Income taxes | 67/77 | €21,948 | €23,250 | +€1,302 | +5.9% |
| Profit (loss) for the period | 9904 | €76,217 | €80,036 | +€3,819 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,217 | €80,036 | +€3,819 | +5.0% |
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 17 October 2026 via checked.be.