FIREWISE STUDIO'S: 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.
FIREWISE STUDIO'S
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+3,414%), from €54,162 to €1.9m
of which Other amounts receivable: +€1.6m
- Cash -€432,272
down €432,272 (-63.0%), from €685,960 to €253,688
mainly Receivables within one year (-€1.8m) and Contributions, distributions and other (-€1.5m)
- Deferred charges and accrued income -€273,813
down €273,813 (-95.6%), from €286,287 to €12,474
- Intangible fixed assets +€246,045
up €246,045 (+56.2%), from €437,552 to €683,598
- Other debts +€998,786
up €998,786 (+199%), from €501,341 to €1.5m
- Profit (loss) carried forward +€719,375
up €719,375 (+1,062%), from €67,729 to €787,104
- Short-term financial debts -€216,469
down €216,469 (-36.1%), from €600,000 to €383,531
- Trade debts -€143,783
down €143,783 (-66.9%), from €215,023 to €71,240
- Gross operating margin +€1.8m
up €1.8m (+157%), from €1.1m to €3.0m
- Taxes +€114,050
up €114,050, from -€8,504 to €105,547
- Financial charges +€76,950
up €76,950 (+144%), from €53,534 to €130,484
- Depreciation +€63,997
up €63,997 (+70.8%), from €90,447 to €154,443
- Staff costs +€54,721
up €54,721 (+17.5%), from €313,535 to €368,256
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 | €1,471,100 | €2,855,452 | +€1.4m | +94.1% |
| Fixed assets | 21/28 | €444,691 | €686,102 | +€241,411 | +54.3% |
| Intangible fixed assets | 21 | €437,552 | €683,598 | +€246,045 | +56.2% |
| Tangible fixed assets | 22/27 | €3,764 | €2,504 | -€1,260 | -33.5% |
| Plant, machinery and equipment | 23 | €3,764 | €2,504 | -€1,260 | -33.5% |
| Financial fixed assets | 28 | €3,375 | - | -€3,375 | |
| Current assets | 29/58 | €1,026,409 | €2,169,350 | +€1.1m | +111% |
| Amounts receivable within one year | 40/41 | €54,162 | €1,903,188 | +€1.8m | +3,414% |
| Trade receivables | 40 | €14,833 | €218,106 | +€203,273 | +1,370% |
| Other amounts receivable | 41 | €39,329 | €1,685,081 | +€1.6m | +4,185% |
| Cash at bank and in hand | 54/58 | €685,960 | €253,688 | -€432,272 | -63.0% |
| Deferred charges and accrued income | 490/1 | €286,287 | €12,474 | -€273,813 | -95.6% |
| Total equity and liabilities | 10/49 | €1,471,100 | €2,855,452 | +€1.4m | +94.1% |
| Equity | 10/15 | €80,129 | €799,504 | +€719,375 | +898% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,729 | €787,104 | +€719,375 | +1,062% |
| Amounts payable | 17/49 | €1,390,971 | €2,055,948 | +€664,977 | +47.8% |
| Amounts payable within one year | 42/48 | €1,364,132 | €2,013,655 | +€649,522 | +47.6% |
| Financial debts | 43 | €600,000 | €383,531 | -€216,469 | -36.1% |
| Credit institutions | 430/8 | €600,000 | €383,531 | -€216,469 | -36.1% |
| Trade debts | 44 | €215,023 | €71,240 | -€143,783 | -66.9% |
| Suppliers | 440/4 | €215,023 | €71,240 | -€143,783 | -66.9% |
| Advances received on contracts in progress | 46 | €7,242 | - | -€7,242 | |
| Taxes, remuneration and social security | 45 | €40,526 | €58,756 | +€18,230 | +45.0% |
| Remuneration and social security | 454/9 | €40,526 | €58,756 | +€18,230 | +45.0% |
| Other amounts payable | 47/48 | €501,341 | €1,500,127 | +€998,786 | +199% |
| Accrued charges and deferred income | 492/3 | €26,839 | €42,293 | +€15,455 | +57.6% |
| Remuneration, social security and pensions | 62 | €313,535 | €368,256 | +€54,721 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,447 | €154,443 | +€63,997 | +70.8% |
| Other operating charges | 640/8 | €14,178 | €2,239 | -€11,938 | -84.2% |
| Gross operating margin | 9900 | €1,147,676 | €2,953,167 | +€1.8m | +157% |
| Operating profit (loss) | 9901 | €729,516 | €2,428,229 | +€1.7m | +233% |
| Financial income | 75/76B | €14,458 | €27,177 | +€12,719 | +88.0% |
| Recurring financial income | 75 | €14,458 | €27,177 | +€12,719 | +88.0% |
| Financial charges | 65/66B | €53,534 | €130,484 | +€76,950 | +144% |
| Recurring financial charges | 65 | €53,534 | €130,484 | +€76,950 | +144% |
| Profit (loss) for the period before taxes | 9903 | €690,441 | €2,324,922 | +€1.6m | +237% |
| Income taxes | 67/77 | -€8,504 | €105,547 | +€114,050 | |
| Profit (loss) for the period | 9904 | €698,945 | €2,219,375 | +€1.5m | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €698,945 | €2,219,375 | +€1.5m | +218% |
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 13 October 2026 via checked.be.