Firefly Ventures: 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.
Firefly Ventures
Largest movements
- Financial fixed assets +€65,400
up €65,400 (+4.1%), from €1.6m to €1.7m
- Cash -€31,365
down €31,365 (-87.6%), from €35,792 to €4,426
mainly Net result for the year (-€171,340) and Investment in fixed assets (net) (-€65,400)
- Contributions +€200,000
up €200,000 (+8.4%), from €2.4m to €2.6m
- Profit (loss) carried forward -€171,340
down €171,340 (-26.4%), from -€647,964 to -€819,304
- Financial charges +€470,999
up €470,999 (+667,326%), from €71 to €471,070
of which Non-recurring financial charges: +€471,000
- Financial income +€467,133
up €467,133 (+7,344%), from €6,360 to €473,494
of which Non-recurring financial income: +€471,000
- Gross operating margin -€149,315
down €149,315 (-641%), from -€23,307 to -€172,622
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 | €1,743,281 | €1,786,393 | +€43,112 | +2.5% |
| Fixed assets | 21/28 | €1,600,100 | €1,665,500 | +€65,400 | +4.1% |
| Financial fixed assets | 28 | €1,600,100 | €1,665,500 | +€65,400 | +4.1% |
| Current assets | 29/58 | €143,181 | €120,893 | -€22,288 | -15.6% |
| Amounts receivable after more than one year | 29 | €85,313 | €85,313 | = | 0.0% |
| Other amounts receivable | 291 | €85,313 | €85,313 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,374 | €29,448 | +€9,074 | +44.5% |
| Trade receivables | 40 | €18,150 | €18,510 | +€360 | +2.0% |
| Other amounts receivable | 41 | €2,224 | €10,938 | +€8,714 | +392% |
| Cash at bank and in hand | 54/58 | €35,792 | €4,426 | -€31,365 | -87.6% |
| Deferred charges and accrued income | 490/1 | €1,703 | €1,706 | +€4 | +0.2% |
| Total equity and liabilities | 10/49 | €1,743,281 | €1,786,393 | +€43,112 | +2.5% |
| Equity | 10/15 | €1,723,238 | €1,751,898 | +€28,660 | +1.7% |
| Contributions | 10/11 | €2,371,202 | €2,571,202 | +€200,000 | +8.4% |
| Profit (loss) carried forward | 14 | -€647,964 | -€819,304 | -€171,340 | -26.4% |
| Amounts payable | 17/49 | €20,042 | €34,495 | +€14,452 | +72.1% |
| Amounts payable within one year | 42/48 | €17,542 | €31,995 | +€14,452 | +82.4% |
| Trade debts | 44 | €17,542 | €31,995 | +€14,452 | +82.4% |
| Suppliers | 440/4 | €17,542 | €31,995 | +€14,452 | +82.4% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6 | +€6 | |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Non-recurring operating charges | 66A | €8,355 | €0 | -€8,355 | -100% |
| Gross operating margin | 9900 | -€23,307 | -€172,622 | -€149,315 | -641% |
| Operating profit (loss) | 9901 | -€32,770 | -€173,765 | -€140,995 | -430% |
| Financial income | 75/76B | €6,360 | €473,494 | +€467,133 | +7,344% |
| Recurring financial income | 75 | €6,360 | €2,494 | -€3,867 | -60.8% |
| Non-recurring financial income | 76B | - | €471,000 | +€471,000 | |
| Financial charges | 65/66B | €71 | €471,070 | +€470,999 | +667,326% |
| Recurring financial charges | 65 | €71 | €70 | -€1 | -1.5% |
| Non-recurring financial charges | 66B | €0 | €471,000 | +€471,000 | |
| Profit (loss) for the period before taxes | 9903 | -€26,480 | -€171,340 | -€144,860 | -547% |
| Profit (loss) for the period | 9904 | -€26,480 | -€171,340 | -€144,860 | -547% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,480 | -€171,340 | -€144,860 | -547% |
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 30 October 2026 via checked.be.