Fire Coatings: 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.
Fire Coatings
Largest movements
- Receivables within one year +€165,758
up €165,758 (+35.5%), from €467,024 to €632,782
of which Other amounts receivable: +€217,342
- Stocks and contracts +€96,691
up €96,691 (+57.9%), from €166,880 to €263,571
- Tangible fixed assets +€33,593
up €33,593 (+80.1%), from €41,942 to €75,534
of which Furniture and vehicles: +€54,593
- Intangible fixed assets -€18,950
down €18,950 (-17.6%), from €107,976 to €89,026
- Trade debts +€375,530
up €375,530 (+1,964%), from €19,116 to €394,646
- Tax, wage and social debts -€67,124
down €67,124 (-99.5%), from €67,429 to €305
- Other debts -€19,526
down €19,526 (-100%), from €19,526 to €0
- Gross operating margin -€160,368
down €160,368 (-75.2%), from €213,221 to €52,853
- Taxes -€20,646
down €20,646 (-98.5%), from €20,952 to €305
- Staff costs -€20,565
down €20,565 (-100%), from €20,565 to €0
- Other operating charges -€17,430
down €17,430 (-96.2%), from €18,118 to €687
- Depreciation +€17,141
up €17,141 (+46.2%), from €37,110 to €54,252
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 | €795,342 | €1,075,844 | +€280,502 | +35.3% |
| Fixed assets | 21/28 | €149,918 | €164,560 | +€14,642 | +9.8% |
| Intangible fixed assets | 21 | €107,976 | €89,026 | -€18,950 | -17.6% |
| Tangible fixed assets | 22/27 | €41,942 | €75,534 | +€33,593 | +80.1% |
| Furniture and vehicles | 24 | - | €54,593 | +€54,593 | |
| Other tangible fixed assets | 26 | €41,942 | €20,942 | -€21,000 | -50.1% |
| Current assets | 29/58 | €645,425 | €911,284 | +€265,859 | +41.2% |
| Stocks and contracts in progress | 3 | €166,880 | €263,571 | +€96,691 | +57.9% |
| Stocks | 30/36 | €166,880 | €263,571 | +€96,691 | +57.9% |
| Amounts receivable within one year | 40/41 | €467,024 | €632,782 | +€165,758 | +35.5% |
| Trade receivables | 40 | €305,331 | €253,748 | -€51,584 | -16.9% |
| Other amounts receivable | 41 | €161,693 | €379,035 | +€217,342 | +134% |
| Cash at bank and in hand | 54/58 | - | €6,505 | +€6,505 | |
| Deferred charges and accrued income | 490/1 | €11,521 | €8,427 | -€3,094 | -26.9% |
| Total equity and liabilities | 10/49 | €795,342 | €1,075,844 | +€280,502 | +35.3% |
| Equity | 10/15 | €538,412 | €529,853 | -€8,559 | -1.6% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €212,000 | €212,000 | = | 0.0% |
| Issued capital | 100 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €326,412 | €326,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,200 | €21,200 | = | 0.0% |
| Legal reserve | 130 | €21,200 | €21,200 | = | 0.0% |
| Distributable reserves | 133 | €305,212 | €305,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€8,559 | -€8,559 | |
| Amounts payable | 17/49 | €256,930 | €545,991 | +€289,060 | +113% |
| Amounts payable within one year | 42/48 | €256,930 | €545,991 | +€289,060 | +113% |
| Financial debts | 43 | €150,858 | €151,039 | +€181 | +0.1% |
| Credit institutions | 430/8 | €150,858 | €151,039 | +€181 | +0.1% |
| Trade debts | 44 | €19,116 | €394,646 | +€375,530 | +1,964% |
| Suppliers | 440/4 | €19,116 | €394,646 | +€375,530 | +1,964% |
| Taxes, remuneration and social security | 45 | €67,429 | €305 | -€67,124 | -99.5% |
| Taxes | 450/3 | €67,429 | €305 | -€67,124 | -99.5% |
| Other amounts payable | 47/48 | €19,526 | €0 | -€19,526 | -100% |
| Non-recurring operating income | 76A | €12,782 | €0 | -€12,782 | -100% |
| Remuneration, social security and pensions | 62 | €20,565 | €0 | -€20,565 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,110 | €54,252 | +€17,141 | +46.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,680 | -€3,257 | +€13,423 | +80.5% |
| Other operating charges | 640/8 | €18,118 | €687 | -€17,430 | -96.2% |
| Gross operating margin | 9900 | €213,221 | €52,853 | -€160,368 | -75.2% |
| Operating profit (loss) | 9901 | €154,108 | €1,171 | -€152,937 | -99.2% |
| Financial income | 75/76B | €131 | €98 | -€33 | -25.2% |
| Recurring financial income | 75 | €131 | €98 | -€33 | -25.2% |
| Financial charges | 65/66B | €19,594 | €9,522 | -€10,072 | -51.4% |
| Recurring financial charges | 65 | €19,594 | €9,522 | -€10,072 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €134,645 | -€8,253 | -€142,898 | |
| Income taxes | 67/77 | €20,952 | €305 | -€20,646 | -98.5% |
| Profit (loss) for the period | 9904 | €113,693 | -€8,559 | -€122,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,693 | -€8,559 | -€122,252 |
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 23 October 2026 via checked.be.