FIREX: what changed
Two fiscal 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.
FIREX
Largest movements
- Tangible fixed assets -€35,090
down €35,090 (-3.3%), from €1.1m to €1.0m
of which Land and buildings: -€34,997
- Profit (loss) carried forward -€42,206
down €42,206 (-36.9%), from €114,407 to €72,201
- Gross operating margin -€17,076
down €17,076, from €16,712 to -€364
- Other operating charges +€4,227
up €4,227 (+85.2%), from €4,964 to €9,192
- Financial charges +€509
up €509 (+737.4%), from €69 to €578
- Depreciation +€197
up €197 (+0.6%), from €34,893 to €35,090
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.
Cash bridge derived
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 | €1,068,504 | €1,031,861 | -€36,642 | -3.4% |
| Fixed assets | 21/28 | €1,062,582 | €1,027,492 | -€35,090 | -3.3% |
| Tangible fixed assets | 22/27 | €1,062,582 | €1,027,492 | -€35,090 | -3.3% |
| Land and buildings | 22 | €1,062,444 | €1,027,447 | -€34,997 | -3.3% |
| Plant, machinery and equipment | 23 | €138 | €45 | -€94 | -67.7% |
| Current assets | 29/58 | €5,922 | €4,369 | -€1,552 | -26.2% |
| Cash at bank and in hand | 54/58 | €3,198 | €385 | -€2,813 | -88.0% |
| Deferred charges and accrued income | 490/1 | €2,724 | €3,985 | +€1,261 | +46.3% |
| Total equity and liabilities | 10/49 | €1,068,504 | €1,031,861 | -€36,642 | -3.4% |
| Equity | 10/15 | €624,843 | €580,482 | -€44,361 | -7.1% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €380,436 | €378,281 | -€2,155 | -0.6% |
| Tax-exempt reserves | 132 | €68,264 | €66,109 | -€2,155 | -3.2% |
| Distributable reserves | 133 | €312,172 | €312,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,407 | €72,201 | -€42,206 | -36.9% |
| Provisions and deferred taxes | 16 | €24,440 | €23,534 | -€905 | -3.7% |
| Deferred taxes | 168 | €24,440 | €23,534 | -€905 | -3.7% |
| Amounts payable | 17/49 | €419,221 | €427,844 | +€8,623 | +2.1% |
| Amounts payable within one year | 42/48 | €417,482 | €427,004 | +€9,522 | +2.3% |
| Taxes, remuneration and social security | 45 | €75 | €42 | -€33 | -43.9% |
| Taxes | 450/3 | €75 | €42 | -€33 | -43.9% |
| Other amounts payable | 47/48 | €417,407 | €426,962 | +€9,555 | +2.3% |
| Accrued charges and deferred income | 492/3 | €1,739 | €840 | -€899 | -51.7% |
| Non-recurring operating income | 76A | €2,263 | - | -€2,263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,893 | €35,090 | +€197 | +0.6% |
| Other operating charges | 640/8 | €4,964 | €9,192 | +€4,227 | +85.2% |
| Gross operating margin | 9900 | €16,712 | -€364 | -€17,076 | |
| Operating profit (loss) | 9901 | -€23,146 | -€44,646 | -€21,500 | -92.9% |
| Financial charges | 65/66B | €69 | €578 | +€509 | +737.4% |
| Recurring financial charges | 65 | €69 | €578 | +€509 | +737.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,215 | -€45,224 | -€22,009 | -94.8% |
| Transfer from deferred taxes | 780 | €905 | €905 | = | 0.0% |
| Income taxes | 67/77 | €75 | €42 | -€33 | -43.9% |
| Profit (loss) for the period | 9904 | -€22,384 | -€44,361 | -€21,976 | -98.2% |
| Transfer from tax-exempt reserves | 789 | €286,955 | €2,155 | -€284,800 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €264,571 | -€42,206 | -€306,776 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.