FIRE - PROOF: what changed
Two fiscal 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 - PROOF
Largest movements
- Cash +€16,133
up €16,133 (+47.6%), from €33,897 to €50,030
mainly Trade debts (+€31,453) and Investment in fixed assets (net) (+€15,000)
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets -€9,662
down €9,662 (-28.7%), from €33,610 to €23,948
of which Plant, machinery and equipment: -€9,455
- Receivables within one year +€7,153
up €7,153 (+3.0%), from €241,237 to €248,390
of which Trade receivables: +€15,314
- Other debts -€35,036
down €35,036 (-34.3%), from €102,271 to €67,235
- Trade debts +€31,453
up €31,453 (+44.7%), from €70,308 to €101,761
- Reserves +€4,499
up €4,499 (+4.2%), from €106,421 to €110,920
of which Distributable reserves: +€4,499
- Gross operating margin -€9,874
down €9,874 (-64.4%), from €15,336 to €5,462
- Financial income +€2,628
up €2,628 (+24.5%), from €10,710 to €13,337
- Depreciation -€1,473
down €1,473 (-13.2%), from €11,135 to €9,662
- Taxes -€622
down €622 (-14.6%), from €4,270 to €3,648
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 | €366,333 | €366,493 | +€160 | 0.0% |
| Fixed assets | 21/28 | €48,610 | €23,948 | -€24,662 | -50.7% |
| Tangible fixed assets | 22/27 | €33,610 | €23,948 | -€9,662 | -28.7% |
| Plant, machinery and equipment | 23 | €33,110 | €23,654 | -€9,455 | -28.6% |
| Furniture and vehicles | 24 | €500 | €294 | -€206 | -41.2% |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €317,723 | €342,545 | +€24,822 | +7.8% |
| Stocks and contracts in progress | 3 | €39,029 | €39,759 | +€730 | +1.9% |
| Stocks | 30/36 | €39,029 | €39,759 | +€730 | +1.9% |
| Amounts receivable within one year | 40/41 | €241,237 | €248,390 | +€7,153 | +3.0% |
| Trade receivables | 40 | €37,263 | €52,577 | +€15,314 | +41.1% |
| Other amounts receivable | 41 | €203,974 | €195,814 | -€8,161 | -4.0% |
| Cash at bank and in hand | 54/58 | €33,897 | €50,030 | +€16,133 | +47.6% |
| Deferred charges and accrued income | 490/1 | €3,560 | €4,366 | +€806 | +22.6% |
| Total equity and liabilities | 10/49 | €366,333 | €366,493 | +€160 | 0.0% |
| Equity | 10/15 | €125,013 | €129,512 | +€4,499 | +3.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €106,421 | €110,920 | +€4,499 | +4.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,566 | €6,566 | = | 0.0% |
| Distributable reserves | 133 | €97,996 | €102,495 | +€4,499 | +4.6% |
| Amounts payable | 17/49 | €241,320 | €236,981 | -€4,339 | -1.8% |
| Amounts payable within one year | 42/48 | €241,320 | €236,981 | -€4,339 | -1.8% |
| Trade debts | 44 | €70,308 | €101,761 | +€31,453 | +44.7% |
| Suppliers | 440/4 | €70,308 | €101,761 | +€31,453 | +44.7% |
| Advances received on contracts in progress | 46 | €68,291 | €67,451 | -€840 | -1.2% |
| Taxes, remuneration and social security | 45 | €450 | €534 | +€84 | +18.7% |
| Taxes | 450/3 | €450 | €534 | +€84 | +18.7% |
| Other amounts payable | 47/48 | €102,271 | €67,235 | -€35,036 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,135 | €9,662 | -€1,473 | -13.2% |
| Other operating charges | 640/8 | €755 | €770 | +€14 | +1.9% |
| Gross operating margin | 9900 | €15,336 | €5,462 | -€9,874 | -64.4% |
| Operating profit (loss) | 9901 | €3,446 | -€4,970 | -€8,416 | |
| Financial income | 75/76B | €10,710 | €13,337 | +€2,628 | +24.5% |
| Recurring financial income | 75 | €10,710 | €13,337 | +€2,628 | +24.5% |
| Financial charges | 65/66B | €230 | €220 | -€9 | -4.1% |
| Recurring financial charges | 65 | €230 | €220 | -€9 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €13,926 | €8,147 | -€5,779 | -41.5% |
| Income taxes | 67/77 | €4,270 | €3,648 | -€622 | -14.6% |
| Profit (loss) for the period | 9904 | €9,656 | €4,499 | -€5,157 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,656 | €4,499 | -€5,157 | -53.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.