FIRAT S: 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 S
Largest movements
- Cash +€4,717
up €4,717 (+221%), from €2,133 to €6,850
mainly Trade debts (+€11,317) and Net result for the year (+€1,222)
- Stocks and contracts +€4,046
up €4,046 (+12.1%), from €33,409 to €37,455
- Tangible fixed assets -€463
no longer reported in 2025 (was €463)
- Trade debts +€11,317
up €11,317 (+4,858%), from €233 to €11,549
- Other debts -€5,361
down €5,361 (-8.5%), from €63,315 to €57,954
- Profit (loss) carried forward +€1,222
up €1,222 (+3.6%), from -€33,770 to -€32,548
- Tax, wage and social debts +€1,097
up €1,097 (+439%), from €250 to €1,347
- Other operating charges +€1,763
up €1,763 (+194%), from €907 to €2,670
- Gross operating margin +€494
up €494 (+12.6%), from €3,915 to €4,410
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 | €36,715 | €45,015 | +€8,300 | +22.6% |
| Fixed assets | 21/28 | €463 | - | -€463 | |
| Tangible fixed assets | 22/27 | €463 | - | -€463 | |
| Furniture and vehicles | 24 | €463 | - | -€463 | |
| Current assets | 29/58 | €36,252 | €45,015 | +€8,763 | +24.2% |
| Stocks and contracts in progress | 3 | €33,409 | €37,455 | +€4,046 | +12.1% |
| Stocks | 30/36 | €33,409 | €37,455 | +€4,046 | +12.1% |
| Cash at bank and in hand | 54/58 | €2,133 | €6,850 | +€4,717 | +221% |
| Deferred charges and accrued income | 490/1 | €711 | €711 | = | 0.0% |
| Total equity and liabilities | 10/49 | €36,715 | €45,015 | +€8,300 | +22.6% |
| Equity | 10/15 | -€27,570 | -€26,348 | +€1,222 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,770 | -€32,548 | +€1,222 | +3.6% |
| Amounts payable | 17/49 | €64,285 | €71,364 | +€7,078 | +11.0% |
| Amounts payable within one year | 42/48 | €64,285 | €71,364 | +€7,078 | +11.0% |
| Financial debts | 43 | €487 | €513 | +€26 | +5.3% |
| Credit institutions | 430/8 | €487 | €513 | +€26 | +5.3% |
| Trade debts | 44 | €233 | €11,549 | +€11,317 | +4,858% |
| Suppliers | 440/4 | €233 | €11,549 | +€11,317 | +4,858% |
| Taxes, remuneration and social security | 45 | €250 | €1,347 | +€1,097 | +439% |
| Taxes | 450/3 | €250 | €1,347 | +€1,097 | +439% |
| Other amounts payable | 47/48 | €63,315 | €57,954 | -€5,361 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463 | €463 | +€0 | 0.0% |
| Other operating charges | 640/8 | €907 | €2,670 | +€1,763 | +194% |
| Gross operating margin | 9900 | €3,915 | €4,410 | +€494 | +12.6% |
| Operating profit (loss) | 9901 | €2,545 | €1,277 | -€1,268 | -49.8% |
| Financial charges | 65/66B | €85 | €55 | -€29 | -34.7% |
| Recurring financial charges | 65 | €85 | €55 | -€29 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €2,461 | €1,222 | -€1,239 | -50.4% |
| Profit (loss) for the period | 9904 | €2,461 | €1,222 | -€1,239 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,461 | €1,222 | -€1,239 | -50.4% |
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 28 October 2026 via checked.be.