FIRE CONCEPT: 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.
What changed
FIRE CONCEPT
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €960,106+€234,022
Equity
€1.6m
2024 · €1.4m+€194,128
Cash
€24,057
2024 · €514,187-€490,130
Balance sheet total
€6.2m
2024 · €4.6m+€1.6m
Largest movements
Assets
- Receivables within one year +€3.3m
up €3.3m (+215%), from €1.6m to €4.9m
of which Other amounts receivable: +€2.4m
- Current investments -€1.4m
down €1.4m (-93.8%), from €1.5m to €92,500
- Cash -€490,130
down €490,130 (-95.3%), from €514,187 to €24,057
mainly Receivables within one year (-€3.3m) and Contributions, distributions and other (-€1.0m)
- Tangible fixed assets +€257,948
up €257,948 (+164%), from €157,537 to €415,485
of which Other tangible fixed assets: +€147,389
- Stocks and contracts -€155,765
down €155,765 (-19.9%), from €781,558 to €625,793
of which Contracts in progress: -€157,228
Equity and liabilities
- Trade debts +€1.4m
up €1.4m (+244%), from €564,986 to €1.9m
- Short-term financial debts -€283,060
down €283,060 (-88.3%), from €320,560 to €37,500
- Tax, wage and social debts +€266,762
up €266,762 (+134%), from €199,175 to €465,938
of which Remuneration and social security: +€218,765
- Other debts +€208,786
up €208,786 (+26.1%), from €800,205 to €1.0m
- Profit (loss) carried forward +€194,128
up €194,128 (+17.2%), from €1.1m to €1.3m
Income statement
- Turnover +€3.0m
up €3.0m (+37.2%), from €8.2m to €11.2m
- Goods and materials +€1.8m
up €1.8m (+41.1%), from €4.5m to €6.3m
of which Purchases: +€1.5m
- Staff costs +€510,241
up €510,241 (+35.0%), from €1.5m to €2.0m
- Services and other goods +€312,951
up €312,951 (+35.9%), from €870,909 to €1.2m
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.
Result 2024
€960,106
Turnover
+€3.0m
Other operating income
+€12,219
Goods and materials
-€1.8m
Services and other goods
-€312,951
Staff costs
-€510,241
Depreciation
-€21,880
Write-downs
-€21,507
Other operating charges
+€8,156
Other operating items
-€88,906
Financial income
+€33,743
Financial charges
+€20,685
Taxes
-€88,720
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€84,095
Investment
+€945,052
Financing
-€1.4m
Cash 2024
€514,187
From operations (derived)
-€84,095
Net result for the year
+€1.2m
Depreciation
+€88,792
Stocks and contracts
+€155,765
Receivables within one year
-€3.3m
Deferred charges and accrued income
+€17,020
Trade debts
+€1.4m
Tax, wage and social debts
+€266,762
Advances received
-€26,521
Other debts
+€208,786
Accrued charges and deferred income
-€23,990
Investment (derived)
+€945,052
Investment in fixed assets (net)
-€454,948
Current investments
+€1.4m
Financing
-€1.4m
Debts after one year
-€41,583
Current portion of long-term debt
-€26,445
Short-term financial debts
-€283,060
Contributions, distributions and other
-€1.0m
Cash 2025
€24,057
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,570,119 | €6,219,227 | +€1.6m | +36.1% |
| Fixed assets | 21/28 | €190,563 | €556,719 | +€366,156 | +192% |
| Intangible fixed assets | 21 | €9 | €108,160 | +€108,151 | +1,187,167% |
| Tangible fixed assets | 22/27 | €157,537 | €415,485 | +€257,948 | +164% |
| Plant, machinery and equipment | 23 | €20,779 | €52,791 | +€32,012 | +154% |
| Furniture and vehicles | 24 | €125,399 | €215,305 | +€89,906 | +71.7% |
| Other tangible fixed assets | 26 | - | €147,389 | +€147,389 | |
| Assets under construction and advance payments | 27 | €11,359 | - | -€11,359 | |
| Financial fixed assets | 28 | €33,018 | €33,075 | +€57 | +0.2% |
| Affiliated companies | 280/1 | €20,000 | €20,000 | = | 0.0% |
| Participating interests | 280 | €20,000 | €20,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,018 | €13,075 | +€57 | +0.4% |
| Amounts receivable and cash guarantees | 285/8 | €13,018 | €13,075 | +€57 | +0.4% |
| Current assets | 29/58 | €4,379,556 | €5,662,508 | +€1.3m | +29.3% |
| Stocks and contracts in progress | 3 | €781,558 | €625,793 | -€155,765 | -19.9% |
| Stocks | 30/36 | €546,936 | €548,399 | +€1,463 | +0.3% |
| Goods purchased for resale | 34 | €546,936 | €548,399 | +€1,463 | +0.3% |
| Contracts in progress | 37 | €234,622 | €77,394 | -€157,228 | -67.0% |
| Amounts receivable within one year | 40/41 | €1,556,803 | €4,902,669 | +€3.3m | +215% |
| Trade receivables | 40 | €1,322,370 | €2,222,479 | +€900,109 | +68.1% |
| Other amounts receivable | 41 | €234,433 | €2,680,190 | +€2.4m | +1,043% |
| Current investments | 50/53 | €1,492,500 | €92,500 | -€1.4m | -93.8% |
| Other investments | 51/53 | €1,492,500 | €92,500 | -€1.4m | -93.8% |
| Cash at bank and in hand | 54/58 | €514,187 | €24,057 | -€490,130 | -95.3% |
| Deferred charges and accrued income | 490/1 | €34,508 | €17,488 | -€17,020 | -49.3% |
| Total equity and liabilities | 10/49 | €4,570,119 | €6,219,227 | +€1.6m | +36.1% |
| Equity | 10/15 | €1,364,086 | €1,558,214 | +€194,128 | +14.2% |
| Contributions | 10/11 | €93,700 | €93,700 | = | 0.0% |
| Capital | 10 | €93,700 | €93,700 | = | 0.0% |
| Issued capital | 100 | €93,700 | €93,700 | = | 0.0% |
| Reserves | 13 | €142,615 | €142,615 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,370 | €9,370 | = | 0.0% |
| Legal reserve | 130 | €9,370 | €9,370 | = | 0.0% |
| Distributable reserves | 133 | €133,245 | €133,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,127,771 | €1,321,899 | +€194,128 | +17.2% |
| Amounts payable | 17/49 | €3,206,033 | €4,661,012 | +€1.5m | +45.4% |
| Amounts payable after more than one year | 17 | €50,953 | €9,371 | -€41,583 | -81.6% |
| Financial debts | 170/4 | €50,953 | €9,371 | -€41,583 | -81.6% |
| Credit institutions | 173 | €50,953 | €9,371 | -€41,583 | -81.6% |
| Amounts payable within one year | 42/48 | €3,131,089 | €4,651,642 | +€1.5m | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €58,033 | €31,588 | -€26,445 | -45.6% |
| Financial debts | 43 | €320,560 | €37,500 | -€283,060 | -88.3% |
| Credit institutions | 430/8 | €320,560 | €37,500 | -€283,060 | -88.3% |
| Trade debts | 44 | €564,986 | €1,946,015 | +€1.4m | +244% |
| Suppliers | 440/4 | €564,986 | €1,946,015 | +€1.4m | +244% |
| Advances received on contracts in progress | 46 | €1,188,130 | €1,161,610 | -€26,521 | -2.2% |
| Taxes, remuneration and social security | 45 | €199,175 | €465,938 | +€266,762 | +134% |
| Taxes | 450/3 | €29,085 | €77,082 | +€47,997 | +165% |
| Remuneration and social security | 454/9 | €170,091 | €388,856 | +€218,765 | +129% |
| Other amounts payable | 47/48 | €800,205 | €1,008,991 | +€208,786 | +26.1% |
| Accrued charges and deferred income | 492/3 | €23,990 | - | -€23,990 | |
| Operating income | 70/76A | €8,209,992 | €11,116,382 | +€2.9m | +35.4% |
| Turnover | 70 | €8,161,967 | €11,196,468 | +€3.0m | +37.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€256,406 | -€157,228 | +€99,179 | +38.7% |
| Own construction capitalised | 72 | - | €27,040 | +€27,040 | |
| Other operating income | 74 | €33,390 | €45,608 | +€12,219 | +36.6% |
| Non-recurring operating income | 76A | €271,042 | €4,494 | -€266,548 | -98.3% |
| Operating charges | 60/66A | €6,922,833 | €9,560,909 | +€2.6m | +38.1% |
| Goods for resale, raw materials and consumables | 60 | €4,455,946 | €6,287,022 | +€1.8m | +41.1% |
| Purchases | 600/8 | €4,776,639 | €6,309,992 | +€1.5m | +32.1% |
| Change in stocks: decrease (increase) | 609 | -€320,693 | -€22,970 | +€297,723 | +92.8% |
| Services and other goods | 61 | €870,909 | €1,183,860 | +€312,951 | +35.9% |
| Remuneration, social security and pensions | 62 | €1,457,754 | €1,967,994 | +€510,241 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,912 | €88,792 | +€21,880 | +32.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,507 | +€21,507 | |
| Other operating charges | 640/8 | €16,629 | €8,473 | -€8,156 | -49.0% |
| Non-recurring operating charges | 66A | €54,683 | €3,259 | -€51,424 | -94.0% |
| Operating profit (loss) | 9901 | €1,287,158 | €1,555,473 | +€268,315 | +20.8% |
| Financial income | 75/76B | €41,275 | €75,018 | +€33,743 | +81.8% |
| Recurring financial income | 75 | €41,275 | €75,018 | +€33,743 | +81.8% |
| Income from current assets | 751 | €7,631 | €70,927 | +€63,296 | +829% |
| Other financial income | 752/9 | €33,644 | €4,090 | -€29,553 | -87.8% |
| Financial charges | 65/66B | €34,478 | €13,793 | -€20,685 | -60.0% |
| Recurring financial charges | 65 | €34,313 | €13,746 | -€20,567 | -59.9% |
| Debt charges | 650 | €25,068 | €8,939 | -€16,129 | -64.3% |
| Other financial charges | 652/9 | €9,245 | €4,808 | -€4,437 | -48.0% |
| Non-recurring financial charges | 66B | €165 | €47 | -€118 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €1,293,955 | €1,616,697 | +€322,742 | +24.9% |
| Income taxes | 67/77 | €333,849 | €422,569 | +€88,720 | +26.6% |
| Taxes | 670/3 | €333,849 | €422,569 | +€88,720 | +26.6% |
| Profit (loss) for the period | 9904 | €960,106 | €1,194,128 | +€234,022 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €960,106 | €1,194,128 | +€234,022 | +24.4% |
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 13 October 2026 via checked.be.