FIRENZE CONSULTING: 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.
FIRENZE CONSULTING
Largest movements
- Receivables after one year +€437,596
new in 2025: €437,596
- Receivables within one year -€433,857
down €433,857 (-83.6%), from €519,250 to €85,393
of which Other amounts receivable: -€413,821
- Cash +€49,566
up €49,566 (+2,841%), from €1,745 to €51,311
mainly Receivables within one year (+€433,857) and Net result for the year (+€77,756)
- Tangible fixed assets -€23,575
down €23,575 (-9.4%), from €251,782 to €228,207
of which Land and buildings: -€21,058
- Intangible fixed assets -€22,938
down €22,938 (-59.7%), from €38,404 to €15,467
- Tax, wage and social debts -€93,212
down €93,212 (-54.7%), from €170,255 to €77,043
of which Taxes: -€96,128
- Reserves +€77,756
up €77,756 (+149%), from €52,110 to €129,866
of which Distributable reserves: +€77,756
- Advances received +€31,425
up €31,425 (+75.5%), from €41,598 to €73,023
- Debts after one year -€28,297
down €28,297 (-17.0%), from €166,128 to €137,831
- Other operating charges -€37,632
down €37,632 (-76.5%), from €49,206 to €11,574
- Gross operating margin -€34,335
down €34,335 (-11.2%), from €307,397 to €273,063
- Financial charges -€34,018
down €34,018 (-38.3%), from €88,853 to €54,835
- Staff costs -€32,800
down €32,800 (-26.5%), from €123,992 to €91,192
- Write-downs +€12,837
new in 2025: €12,837
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 | €1,554,277 | €1,550,675 | -€3,602 | -0.2% |
| Fixed assets | 21/28 | €290,186 | €243,674 | -€46,512 | -16.0% |
| Intangible fixed assets | 21 | €38,404 | €15,467 | -€22,938 | -59.7% |
| Tangible fixed assets | 22/27 | €251,782 | €228,207 | -€23,575 | -9.4% |
| Land and buildings | 22 | €247,082 | €226,024 | -€21,058 | -8.5% |
| Furniture and vehicles | 24 | €4,700 | €2,183 | -€2,517 | -53.5% |
| Current assets | 29/58 | €1,264,090 | €1,307,001 | +€42,911 | +3.4% |
| Amounts receivable after more than one year | 29 | - | €437,596 | +€437,596 | |
| Other amounts receivable | 291 | - | €437,596 | +€437,596 | |
| Stocks and contracts in progress | 3 | €733,309 | €726,921 | -€6,387 | -0.9% |
| Stocks | 30/36 | €733,309 | €726,921 | -€6,387 | -0.9% |
| Amounts receivable within one year | 40/41 | €519,250 | €85,393 | -€433,857 | -83.6% |
| Trade receivables | 40 | €91,108 | €71,072 | -€20,036 | -22.0% |
| Other amounts receivable | 41 | €428,142 | €14,321 | -€413,821 | -96.7% |
| Cash at bank and in hand | 54/58 | €1,745 | €51,311 | +€49,566 | +2,841% |
| Deferred charges and accrued income | 490/1 | €9,787 | €5,780 | -€4,007 | -40.9% |
| Total equity and liabilities | 10/49 | €1,554,277 | €1,550,675 | -€3,602 | -0.2% |
| Equity | 10/15 | €113,610 | €191,366 | +€77,756 | +68.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €52,110 | €129,866 | +€77,756 | +149% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,266 | €28,266 | = | 0.0% |
| Distributable reserves | 133 | €17,695 | €95,450 | +€77,756 | +439% |
| Amounts payable | 17/49 | €1,440,666 | €1,359,309 | -€81,357 | -5.6% |
| Amounts payable after more than one year | 17 | €166,128 | €137,831 | -€28,297 | -17.0% |
| Financial debts | 170/4 | €166,128 | €137,831 | -€28,297 | -17.0% |
| Amounts payable within one year | 42/48 | €1,273,992 | €1,221,478 | -€52,514 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €27,751 | €28,297 | +€546 | +2.0% |
| Financial debts | 43 | €700,000 | €700,000 | = | 0.0% |
| Credit institutions | 430/8 | €700,000 | €700,000 | = | 0.0% |
| Trade debts | 44 | €319,569 | €328,887 | +€9,318 | +2.9% |
| Suppliers | 440/4 | €319,569 | €328,887 | +€9,318 | +2.9% |
| Advances received on contracts in progress | 46 | €41,598 | €73,023 | +€31,425 | +75.5% |
| Taxes, remuneration and social security | 45 | €170,255 | €77,043 | -€93,212 | -54.7% |
| Taxes | 450/3 | €158,050 | €61,922 | -€96,128 | -60.8% |
| Remuneration and social security | 454/9 | €12,205 | €15,121 | +€2,916 | +23.9% |
| Other amounts payable | 47/48 | €14,818 | €14,228 | -€590 | -4.0% |
| Accrued charges and deferred income | 492/3 | €547 | €0 | -€547 | -100% |
| Non-recurring operating income | 76A | €116,742 | €767 | -€115,974 | -99.3% |
| Remuneration, social security and pensions | 62 | €123,992 | €91,192 | -€32,800 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,269 | €46,512 | -€757 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,837 | +€12,837 | |
| Other operating charges | 640/8 | €49,206 | €11,574 | -€37,632 | -76.5% |
| Non-recurring operating charges | 66A | €190 | €0 | -€190 | -100% |
| Gross operating margin | 9900 | €307,397 | €273,063 | -€34,335 | -11.2% |
| Operating profit (loss) | 9901 | €86,740 | €110,947 | +€24,208 | +27.9% |
| Financial income | 75/76B | €10,910 | €21,644 | +€10,734 | +98.4% |
| Recurring financial income | 75 | €10,910 | €21,644 | +€10,734 | +98.4% |
| Financial charges | 65/66B | €88,853 | €54,835 | -€34,018 | -38.3% |
| Recurring financial charges | 65 | €88,853 | €54,835 | -€34,018 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €8,797 | €77,756 | +€68,959 | +784% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €8,797 | €77,756 | +€68,959 | +784% |
| Profit (loss) for the period to be appropriated | 9905 | €8,797 | €77,756 | +€68,959 | +784% |
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 27 October 2026 via checked.be.