FIRECASTLE: 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.
FIRECASTLE
Largest movements
- Tangible fixed assets -€11,353
down €11,353 (-20.5%), from €55,505 to €44,152
of which Plant, machinery and equipment: -€6,848
- Deferred charges and accrued income +€8,005
new in 2025: €8,005
- Receivables within one year -€4,970
down €4,970 (-31.6%), from €15,713 to €10,743
of which Trade receivables: -€4,387
- Stocks and contracts +€4,271
up €4,271 (+74.3%), from €5,746 to €10,017
- Cash +€3,303
up €3,303 (+200%), from €1,650 to €4,953
mainly Net result for the year (+€14,736) and Depreciation (+€13,265)
- Other debts -€22,498
no longer reported in 2025 (was €22,498)
- Profit (loss) carried forward +€14,736
up €14,736 (+355%), from €4,146 to €18,882
- Trade debts +€4,281
up €4,281 (+64.6%), from €6,629 to €10,909
- Tax, wage and social debts +€4,252
up €4,252 (+144%), from €2,944 to €7,196
- Accrued charges and deferred income -€1,515
down €1,515 (-83.6%), from €1,812 to €297
- Gross operating margin +€20,739
up €20,739 (+159%), from €13,025 to €33,763
- Taxes +€4,094
up €4,094 (+264%), from €1,554 to €5,647
- Depreciation +€4,005
up €4,005 (+43.2%), from €9,261 to €13,265
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 | €78,615 | €77,871 | -€744 | -0.9% |
| Fixed assets | 21/28 | €55,505 | €44,152 | -€11,353 | -20.5% |
| Tangible fixed assets | 22/27 | €55,505 | €44,152 | -€11,353 | -20.5% |
| Plant, machinery and equipment | 23 | €6,848 | - | -€6,848 | |
| Furniture and vehicles | 24 | €48,658 | €44,152 | -€4,505 | -9.3% |
| Current assets | 29/58 | €23,110 | €33,718 | +€10,609 | +45.9% |
| Stocks and contracts in progress | 3 | €5,746 | €10,017 | +€4,271 | +74.3% |
| Stocks | 30/36 | €5,746 | €10,017 | +€4,271 | +74.3% |
| Amounts receivable within one year | 40/41 | €15,713 | €10,743 | -€4,970 | -31.6% |
| Trade receivables | 40 | €12,926 | €8,538 | -€4,387 | -33.9% |
| Other amounts receivable | 41 | €2,788 | €2,205 | -€583 | -20.9% |
| Cash at bank and in hand | 54/58 | €1,650 | €4,953 | +€3,303 | +200% |
| Deferred charges and accrued income | 490/1 | - | €8,005 | +€8,005 | |
| Total equity and liabilities | 10/49 | €78,615 | €77,871 | -€744 | -0.9% |
| Equity | 10/15 | €44,732 | €59,468 | +€14,736 | +32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,986 | €21,986 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,388 | €18,388 | = | 0.0% |
| Distributable reserves | 133 | €1,738 | €1,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,146 | €18,882 | +€14,736 | +355% |
| Amounts payable | 17/49 | €33,883 | €18,403 | -€15,480 | -45.7% |
| Amounts payable within one year | 42/48 | €32,071 | €18,106 | -€13,965 | -43.5% |
| Trade debts | 44 | €6,629 | €10,909 | +€4,281 | +64.6% |
| Suppliers | 440/4 | €6,629 | €10,909 | +€4,281 | +64.6% |
| Taxes, remuneration and social security | 45 | €2,944 | €7,196 | +€4,252 | +144% |
| Taxes | 450/3 | €2,944 | €7,196 | +€4,252 | +144% |
| Other amounts payable | 47/48 | €22,498 | - | -€22,498 | |
| Accrued charges and deferred income | 492/3 | €1,812 | €297 | -€1,515 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,261 | €13,265 | +€4,005 | +43.2% |
| Other operating charges | 640/8 | €1,026 | €1,002 | -€24 | -2.3% |
| Gross operating margin | 9900 | €13,025 | €33,763 | +€20,739 | +159% |
| Operating profit (loss) | 9901 | €2,738 | €19,496 | +€16,758 | +612% |
| Financial income | 75/76B | €1,217 | €935 | -€282 | -23.2% |
| Recurring financial income | 75 | €1,217 | €935 | -€282 | -23.2% |
| Financial charges | 65/66B | €45 | €48 | +€3 | +7.8% |
| Recurring financial charges | 65 | €45 | €48 | +€3 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €3,911 | €20,384 | +€16,473 | +421% |
| Income taxes | 67/77 | €1,554 | €5,647 | +€4,094 | +264% |
| Profit (loss) for the period | 9904 | €2,357 | €14,736 | +€12,379 | +525% |
| Profit (loss) for the period to be appropriated | 9905 | €2,357 | €14,736 | +€12,379 | +525% |
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 16 October 2026 via checked.be.