FIRAT: 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.
FIRAT
Largest movements
- Cash +€31,137
up €31,137 (+51.5%), from €60,483 to €91,620
mainly Net result for the year (+€28,668) and Receivables within one year (+€5,900)
- Receivables within one year -€5,900
down €5,900 (-78.2%), from €7,543 to €1,643
of which Trade receivables: -€7,541
- Stocks and contracts -€2,780
down €2,780 (-48.2%), from €5,762 to €2,982
of which Stocks: -€1,956
- Profit (loss) carried forward +€28,668
up €28,668 (+70.6%), from €40,607 to €69,275
- Trade debts -€9,341
down €9,341 (-77.1%), from €12,110 to €2,769
- Tax, wage and social debts +€5,714
up €5,714 (+82.7%), from €6,912 to €12,626
of which Remuneration and social security: +€5,550
- Debts after one year -€3,933
down €3,933 (-23.9%), from €16,427 to €12,494
- Gross operating margin +€13,165
up €13,165 (+12.9%), from €102,038 to €115,203
- Staff costs -€11,214
down €11,214 (-13.9%), from €80,526 to €69,312
- Depreciation +€2,790
up €2,790 (+105%), from €2,649 to €5,439
- Other operating charges +€2,520
up €2,520 (+82.5%), from €3,053 to €5,573
- Taxes +€1,308
up €1,308 (+257%), from €508 to €1,816
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 | €100,344 | €121,619 | +€21,275 | +21.2% |
| Fixed assets | 21/28 | €26,165 | €25,374 | -€791 | -3.0% |
| Tangible fixed assets | 22/27 | €26,165 | €25,374 | -€791 | -3.0% |
| Plant, machinery and equipment | 23 | €26,027 | €25,374 | -€653 | -2.5% |
| Furniture and vehicles | 24 | €138 | - | -€138 | |
| Current assets | 29/58 | €74,179 | €96,245 | +€22,066 | +29.7% |
| Stocks and contracts in progress | 3 | €5,762 | €2,982 | -€2,780 | -48.2% |
| Stocks | 30/36 | €4,938 | €2,982 | -€1,956 | -39.6% |
| Contracts in progress | 37 | €824 | - | -€824 | |
| Amounts receivable within one year | 40/41 | €7,543 | €1,643 | -€5,900 | -78.2% |
| Trade receivables | 40 | €7,541 | - | -€7,541 | |
| Other amounts receivable | 41 | €2 | €1,643 | +€1,641 | +79,645% |
| Cash at bank and in hand | 54/58 | €60,483 | €91,620 | +€31,137 | +51.5% |
| Deferred charges and accrued income | 490/1 | €392 | - | -€392 | |
| Total equity and liabilities | 10/49 | €100,344 | €121,619 | +€21,275 | +21.2% |
| Equity | 10/15 | €60,559 | €89,227 | +€28,668 | +47.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,352 | €1,352 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,131 | €1,131 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,131 | €1,131 | = | 0.0% |
| Distributable reserves | 133 | €221 | €221 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,607 | €69,275 | +€28,668 | +70.6% |
| Amounts payable | 17/49 | €39,785 | €32,392 | -€7,393 | -18.6% |
| Amounts payable after more than one year | 17 | €16,427 | €12,494 | -€3,933 | -23.9% |
| Financial debts | 170/4 | €16,427 | €12,494 | -€3,933 | -23.9% |
| Amounts payable within one year | 42/48 | €23,358 | €19,898 | -€3,460 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €3,766 | €3,933 | +€167 | +4.4% |
| Trade debts | 44 | €12,110 | €2,769 | -€9,341 | -77.1% |
| Suppliers | 440/4 | €12,110 | €2,769 | -€9,341 | -77.1% |
| Taxes, remuneration and social security | 45 | €6,912 | €12,626 | +€5,714 | +82.7% |
| Taxes | 450/3 | €2,427 | €2,592 | +€164 | +6.8% |
| Remuneration and social security | 454/9 | €4,485 | €10,035 | +€5,550 | +124% |
| Other amounts payable | 47/48 | €570 | €570 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €80,526 | €69,312 | -€11,214 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,649 | €5,439 | +€2,790 | +105% |
| Other operating charges | 640/8 | €3,053 | €5,573 | +€2,520 | +82.5% |
| Gross operating margin | 9900 | €102,038 | €115,203 | +€13,165 | +12.9% |
| Operating profit (loss) | 9901 | €15,810 | €34,878 | +€19,069 | +121% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,415 | €4,395 | +€980 | +28.7% |
| Recurring financial charges | 65 | €3,415 | €4,395 | +€980 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €12,395 | €30,484 | +€18,089 | +146% |
| Income taxes | 67/77 | €508 | €1,816 | +€1,308 | +257% |
| Profit (loss) for the period | 9904 | €11,887 | €28,668 | +€16,781 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €11,887 | €28,668 | +€16,781 | +141% |
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.