FIRAT (2): 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 (2)
Largest movements
- Tangible fixed assets +€38,135
up €38,135 (+748.3%), from €5,096 to €43,231
- Cash +€18,068
up €18,068 (+50.4%), from €35,826 to €53,894
mainly Debts after one year (+€27,117) and Net result for the year (+€21,548)
- Stocks and contracts +€2,085
up €2,085 (+33.1%), from €6,309 to €8,394
- Receivables within one year -€1,911
no longer reported in 2025 (was €1,911)
- Debts after one year +€27,117
new in 2025: €27,117
- Profit (loss) carried forward +€21,548
up €21,548 (+65.0%), from €33,151 to €54,699
- Current portion of long-term debt +€8,505
new in 2025: €8,505
- Other debts -€1,174
down €1,174 (-35.8%), from €3,281 to €2,107
- Staff costs -€6,850
down €6,850 (-43.4%), from €15,785 to €8,935
- Gross operating margin +€3,573
up €3,573 (+9.9%), from €36,225 to €39,797
- Depreciation -€2,995
down €2,995 (-40.5%), from €7,394 to €4,399
- Taxes -€2,081
down €2,081 (-39.8%), from €5,225 to €3,144
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.
Cash bridge derived
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 | €49,273 | €105,520 | +€56,247 | +114.2% |
| Fixed assets | 21/28 | €5,096 | €43,231 | +€38,135 | +748.3% |
| Tangible fixed assets | 22/27 | €5,096 | €43,231 | +€38,135 | +748.3% |
| Furniture and vehicles | 24 | €5,096 | €43,231 | +€38,135 | +748.3% |
| Current assets | 29/58 | €44,176 | €62,289 | +€18,112 | +41.0% |
| Stocks and contracts in progress | 3 | €6,309 | €8,394 | +€2,085 | +33.1% |
| Stocks | 30/36 | €6,309 | €8,394 | +€2,085 | +33.1% |
| Amounts receivable within one year | 40/41 | €1,911 | - | -€1,911 | |
| Other amounts receivable | 41 | €1,911 | - | -€1,911 | |
| Cash at bank and in hand | 54/58 | €35,826 | €53,894 | +€18,068 | +50.4% |
| Deferred charges and accrued income | 490/1 | €130 | - | -€130 | |
| Total equity and liabilities | 10/49 | €49,273 | €105,520 | +€56,247 | +114.2% |
| Equity | 10/15 | €39,401 | €60,949 | +€21,548 | +54.7% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Contributions outside capital | 11 | €6,250 | €6,250 | = | 0.0% |
| Other | 1109/19 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,151 | €54,699 | +€21,548 | +65.0% |
| Amounts payable | 17/49 | €9,872 | €44,571 | +€34,699 | +351.5% |
| Amounts payable after more than one year | 17 | - | €27,117 | +€27,117 | |
| Financial debts | 170/4 | - | €27,117 | +€27,117 | |
| Amounts payable within one year | 42/48 | €9,872 | €17,454 | +€7,582 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,505 | +€8,505 | |
| Trade debts | 44 | €4,266 | €5,069 | +€803 | +18.8% |
| Suppliers | 440/4 | €4,266 | €5,069 | +€803 | +18.8% |
| Taxes, remuneration and social security | 45 | €2,325 | €1,773 | -€552 | -23.7% |
| Taxes | 450/3 | €2,325 | €1,773 | -€552 | -23.7% |
| Other amounts payable | 47/48 | €3,281 | €2,107 | -€1,174 | -35.8% |
| Remuneration, social security and pensions | 62 | €15,785 | €8,935 | -€6,850 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,394 | €4,399 | -€2,995 | -40.5% |
| Other operating charges | 640/8 | €1,329 | €1,344 | +€15 | +1.1% |
| Gross operating margin | 9900 | €36,225 | €39,797 | +€3,573 | +9.9% |
| Operating profit (loss) | 9901 | €11,716 | €25,119 | +€13,403 | +114.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5500.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5500.0% |
| Financial charges | 65/66B | €179 | €428 | +€249 | +139.2% |
| Recurring financial charges | 65 | €179 | €428 | +€249 | +139.2% |
| Profit (loss) for the period before taxes | 9903 | €11,537 | €24,692 | +€13,155 | +114.0% |
| Income taxes | 67/77 | €5,225 | €3,144 | -€2,081 | -39.8% |
| Profit (loss) for the period | 9904 | €6,313 | €21,548 | +€15,235 | +241.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,313 | €21,548 | +€15,235 | +241.3% |
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 11 October 2026 via checked.be.