FIREBARN: 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
FIREBARN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€135,524
2024 · €132,074+€3,450
Equity
€569,126
2024 · €435,268+€133,858
Cash
€2,218
2024 · €17,346-€15,127
Balance sheet total
€3.0m
2024 · €3.0m-€49,188
Largest movements
Assets
- Tangible fixed assets -€38,419
down €38,419 (-1.3%), from €3.0m to €3.0m
of which Land and buildings: -€35,569
Equity and liabilities
- Debts after one year -€193,574
down €193,574 (-11.4%), from €1.7m to €1.5m
- Reserves +€133,858
up €133,858 (+32.1%), from €416,668 to €550,526
Income statement
- Depreciation -€12,184
down €12,184 (-9.1%), from €133,591 to €121,407
- Financial charges +€6,171
up €6,171 (+16.3%), from €37,918 to €44,089
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
€132,074
Gross operating margin
+€3
Depreciation
+€12,184
Other operating charges
-€27
Financial income
-€7
Financial charges
-€6,171
Taxes
-€2,532
Result 2025
€135,524
raises the resultlowers the result
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
+€261,735
Investment
-€82,987
Financing
-€193,875
Cash 2024
€17,346
From operations (derived)
+€261,735
Net result for the year
+€135,524
Depreciation
+€121,407
Receivables within one year
-€4,282
Deferred charges and accrued income
-€76
Trade debts
-€8,912
Tax, wage and social debts
+€6,195
Other debts
+€11,880
Investment (derived)
-€82,987
Investment in fixed assets (net)
-€82,987
Financing
-€193,875
Debts after one year
-€193,574
Current portion of long-term debt
+€1,366
Contributions, distributions and other
-€1,666
Cash 2025
€2,218
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,021,021 | €2,971,833 | -€49,188 | -1.6% |
| Fixed assets | 21/28 | €2,988,640 | €2,950,220 | -€38,419 | -1.3% |
| Tangible fixed assets | 22/27 | €2,988,640 | €2,950,220 | -€38,419 | -1.3% |
| Land and buildings | 22 | €2,969,101 | €2,933,532 | -€35,569 | -1.2% |
| Plant, machinery and equipment | 23 | €16,260 | €14,350 | -€1,910 | -11.7% |
| Furniture and vehicles | 24 | €3,279 | €2,339 | -€940 | -28.7% |
| Current assets | 29/58 | €32,381 | €21,613 | -€10,769 | -33.3% |
| Amounts receivable within one year | 40/41 | €14,034 | €18,316 | +€4,282 | +30.5% |
| Trade receivables | 40 | €14,034 | €18,316 | +€4,282 | +30.5% |
| Cash at bank and in hand | 54/58 | €17,346 | €2,218 | -€15,127 | -87.2% |
| Deferred charges and accrued income | 490/1 | €1,002 | €1,078 | +€76 | +7.6% |
| Total equity and liabilities | 10/49 | €3,021,021 | €2,971,833 | -€49,188 | -1.6% |
| Equity | 10/15 | €435,268 | €569,126 | +€133,858 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €416,668 | €550,526 | +€133,858 | +32.1% |
| Distributable reserves | 133 | €416,668 | €550,526 | +€133,858 | +32.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,585,753 | €2,402,707 | -€183,046 | -7.1% |
| Amounts payable after more than one year | 17 | €1,699,640 | €1,506,066 | -€193,574 | -11.4% |
| Financial debts | 170/4 | €1,699,640 | €1,506,066 | -€193,574 | -11.4% |
| Amounts payable within one year | 42/48 | €886,112 | €896,641 | +€10,528 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €172,209 | €173,574 | +€1,366 | +0.8% |
| Trade debts | 44 | €15,744 | €6,832 | -€8,912 | -56.6% |
| Suppliers | 440/4 | €15,744 | €6,832 | -€8,912 | -56.6% |
| Taxes, remuneration and social security | 45 | €6,861 | €13,055 | +€6,195 | +90.3% |
| Taxes | 450/3 | €6,861 | €13,055 | +€6,195 | +90.3% |
| Other amounts payable | 47/48 | €691,299 | €703,179 | +€11,880 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,591 | €121,407 | -€12,184 | -9.1% |
| Other operating charges | 640/8 | €1,109 | €1,136 | +€27 | +2.4% |
| Gross operating margin | 9900 | €348,138 | €348,141 | +€3 | 0.0% |
| Operating profit (loss) | 9901 | €213,438 | €225,598 | +€12,160 | +5.7% |
| Financial income | 75/76B | €53 | €46 | -€7 | -13.8% |
| Recurring financial income | 75 | €53 | €46 | -€7 | -13.8% |
| Financial charges | 65/66B | €37,918 | €44,089 | +€6,171 | +16.3% |
| Recurring financial charges | 65 | €37,918 | €44,089 | +€6,171 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €175,572 | €181,555 | +€5,982 | +3.4% |
| Income taxes | 67/77 | €43,498 | €46,031 | +€2,532 | +5.8% |
| Profit (loss) for the period | 9904 | €132,074 | €135,524 | +€3,450 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,074 | €135,524 | +€3,450 | +2.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.