FIRENO: 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.
FIRENO
Largest movements
- Receivables within one year -€8,816
down €8,816 (-50.8%), from €17,370 to €8,554
of which Trade receivables: -€8,419
- Cash +€8,776
up €8,776 (+99.0%), from €8,863 to €17,639
mainly Receivables within one year (+€8,816) and Trade debts (+€1,934)
- Deferred charges and accrued income +€1,775
up €1,775 (+234%), from €757 to €2,532
- Tangible fixed assets +€715
up €715 (+26.8%), from €2,665 to €3,381
of which Plant, machinery and equipment: +€906
- Stocks and contracts +€392
up €392 (+7.3%), from €5,378 to €5,770
of which Stocks: +€2,062
- Trade debts +€1,934
up €1,934 (+56.1%), from €3,445 to €5,379
- Tax, wage and social debts +€765
new in 2025: €765
- Accrued charges and deferred income +€688
up €688 (+86.1%), from €799 to €1,486
- Other debts -€500
down €500 (-19.3%), from €2,591 to €2,090
- Gross operating margin -€7,884
down €7,884 (-73.7%), from €10,695 to €2,812
- Taxes -€2,002
down €2,002 (-90.5%), from €2,212 to €211
- Depreciation -€1,579
down €1,579 (-49.4%), from €3,193 to €1,614
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 | €35,209 | €38,051 | +€2,842 | +8.1% |
| Fixed assets | 21/28 | €2,840 | €3,556 | +€715 | +25.2% |
| Tangible fixed assets | 22/27 | €2,665 | €3,381 | +€715 | +26.8% |
| Plant, machinery and equipment | 23 | €1,900 | €2,806 | +€906 | +47.7% |
| Furniture and vehicles | 24 | €765 | €575 | -€191 | -24.9% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €32,368 | €34,495 | +€2,127 | +6.6% |
| Stocks and contracts in progress | 3 | €5,378 | €5,770 | +€392 | +7.3% |
| Stocks | 30/36 | €1,808 | €3,870 | +€2,062 | +114% |
| Contracts in progress | 37 | €3,570 | €1,900 | -€1,670 | -46.8% |
| Amounts receivable within one year | 40/41 | €17,370 | €8,554 | -€8,816 | -50.8% |
| Trade receivables | 40 | €15,518 | €7,098 | -€8,419 | -54.3% |
| Other amounts receivable | 41 | €1,852 | €1,455 | -€397 | -21.4% |
| Cash at bank and in hand | 54/58 | €8,863 | €17,639 | +€8,776 | +99.0% |
| Deferred charges and accrued income | 490/1 | €757 | €2,532 | +€1,775 | +234% |
| Total equity and liabilities | 10/49 | €35,209 | €38,051 | +€2,842 | +8.1% |
| Equity | 10/15 | €28,375 | €28,330 | -€44 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,700 | €9,700 | = | 0.0% |
| Distributable reserves | 133 | €9,700 | €9,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75 | €30 | -€44 | -59.3% |
| Amounts payable | 17/49 | €6,834 | €9,721 | +€2,887 | +42.2% |
| Amounts payable within one year | 42/48 | €6,035 | €8,234 | +€2,199 | +36.4% |
| Trade debts | 44 | €3,445 | €5,379 | +€1,934 | +56.1% |
| Suppliers | 440/4 | €3,445 | €5,379 | +€1,934 | +56.1% |
| Taxes, remuneration and social security | 45 | - | €765 | +€765 | |
| Taxes | 450/3 | - | €765 | +€765 | |
| Other amounts payable | 47/48 | €2,591 | €2,090 | -€500 | -19.3% |
| Accrued charges and deferred income | 492/3 | €799 | €1,486 | +€688 | +86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,193 | €1,614 | -€1,579 | -49.4% |
| Other operating charges | 640/8 | €1,064 | €968 | -€96 | -9.0% |
| Gross operating margin | 9900 | €10,695 | €2,812 | -€7,884 | -73.7% |
| Operating profit (loss) | 9901 | €6,438 | €230 | -€6,208 | -96.4% |
| Financial income | 75/76B | €0 | €11 | +€11 | |
| Recurring financial income | 75 | €0 | €11 | +€11 | |
| Financial charges | 65/66B | €64 | €74 | +€10 | +15.8% |
| Recurring financial charges | 65 | €64 | €74 | +€10 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €6,374 | €166 | -€6,207 | -97.4% |
| Income taxes | 67/77 | €2,212 | €211 | -€2,002 | -90.5% |
| Profit (loss) for the period | 9904 | €4,161 | -€44 | -€4,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,161 | -€44 | -€4,206 |
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 1 November 2026 via checked.be.