FiRo: 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.
FiRo
Largest movements
- Cash -€48,867
down €48,867 (-93.6%), from €52,199 to €3,332
mainly Tax, wage and social debts (-€74,913) and Debts after one year (-€23,437)
- Receivables within one year +€7,670
up €7,670 (+34.4%), from €22,313 to €29,983
of which Other amounts receivable: +€7,918
- Stocks and contracts +€6,273
up €6,273 (+6.8%), from €92,589 to €98,862
- Profit (loss) carried forward +€104,235
up €104,235, from -€40,391 to €63,844
- Tax, wage and social debts -€74,913
down €74,913 (-34.0%), from €220,190 to €145,278
of which Taxes: -€41,430
- Debts after one year -€23,437
down €23,437 (-100.0%), from €23,437 to €0
- Short-term financial debts -€22,545
down €22,545 (-22.9%), from €98,427 to €75,882
of which Other loans: -€54,995
- Other debts -€8,127
down €8,127 (-15.2%), from €53,429 to €45,301
- Gross operating margin +€81,953
up €81,953 (+16.2%), from €504,818 to €586,771
- Taxes +€10,160
new in 2025: €10,160
- Financial charges -€9,239
down €9,239 (-33.5%), from €27,548 to €18,310
- Staff costs -€7,409
down €7,409 (-1.7%), from €439,883 to €432,474
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 | €477,924 | €448,151 | -€29,772 | -6.2% |
| Fixed assets | 21/28 | €79,497 | €83,749 | +€4,251 | +5.3% |
| Tangible fixed assets | 22/27 | €78,997 | €83,249 | +€4,251 | +5.4% |
| Plant, machinery and equipment | 23 | €63,425 | €68,111 | +€4,686 | +7.4% |
| Furniture and vehicles | 24 | €15,572 | €15,138 | -€435 | -2.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €398,426 | €364,403 | -€34,024 | -8.5% |
| Amounts receivable after more than one year | 29 | €227,961 | €227,961 | = | 0.0% |
| Other amounts receivable | 291 | €227,961 | €227,961 | = | 0.0% |
| Stocks and contracts in progress | 3 | €92,589 | €98,862 | +€6,273 | +6.8% |
| Stocks | 30/36 | €92,589 | €98,862 | +€6,273 | +6.8% |
| Amounts receivable within one year | 40/41 | €22,313 | €29,983 | +€7,670 | +34.4% |
| Trade receivables | 40 | €5,497 | €5,249 | -€248 | -4.5% |
| Other amounts receivable | 41 | €16,817 | €24,734 | +€7,918 | +47.1% |
| Cash at bank and in hand | 54/58 | €52,199 | €3,332 | -€48,867 | -93.6% |
| Deferred charges and accrued income | 490/1 | €3,364 | €4,265 | +€901 | +26.8% |
| Total equity and liabilities | 10/49 | €477,924 | €448,151 | -€29,772 | -6.2% |
| Equity | 10/15 | -€34,058 | €70,177 | +€104,235 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133 | €133 | = | 0.0% |
| Non-distributable reserves | 130/1 | €133 | €133 | = | 0.0% |
| Reserves not available under the articles | 1311 | €133 | €133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,391 | €63,844 | +€104,235 | |
| Amounts payable | 17/49 | €511,981 | €377,974 | -€134,007 | -26.2% |
| Amounts payable after more than one year | 17 | €23,437 | €0 | -€23,437 | -100.0% |
| Other amounts payable | 178/9 | €23,437 | €0 | -€23,437 | -100.0% |
| Amounts payable within one year | 42/48 | €487,529 | €377,974 | -€109,554 | -22.5% |
| Financial debts | 43 | €98,427 | €75,882 | -€22,545 | -22.9% |
| Credit institutions | 430/8 | €14,265 | €46,715 | +€32,450 | +227.5% |
| Other loans | 439 | €84,162 | €29,167 | -€54,995 | -65.3% |
| Trade debts | 44 | €106,042 | €100,832 | -€5,210 | -4.9% |
| Suppliers | 440/4 | €106,042 | €100,832 | -€5,210 | -4.9% |
| Advances received on contracts in progress | 46 | €9,441 | €10,682 | +€1,241 | +13.1% |
| Taxes, remuneration and social security | 45 | €220,190 | €145,278 | -€74,913 | -34.0% |
| Taxes | 450/3 | €94,785 | €53,355 | -€41,430 | -43.7% |
| Remuneration and social security | 454/9 | €125,406 | €91,923 | -€33,483 | -26.7% |
| Other amounts payable | 47/48 | €53,429 | €45,301 | -€8,127 | -15.2% |
| Accrued charges and deferred income | 492/3 | €1,016 | €0 | -€1,016 | -100.0% |
| Remuneration, social security and pensions | 62 | €439,883 | €432,474 | -€7,409 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,457 | €17,023 | +€1,566 | +10.1% |
| Other operating charges | 640/8 | €9,019 | €4,805 | -€4,213 | -46.7% |
| Gross operating margin | 9900 | €504,818 | €586,771 | +€81,953 | +16.2% |
| Operating profit (loss) | 9901 | €40,459 | €132,469 | +€92,009 | +227.4% |
| Financial income | 75/76B | €316 | €235 | -€82 | -25.8% |
| Recurring financial income | 75 | €316 | €235 | -€82 | -25.8% |
| Financial charges | 65/66B | €27,548 | €18,310 | -€9,239 | -33.5% |
| Recurring financial charges | 65 | €27,548 | €18,310 | -€9,239 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €13,227 | €114,394 | +€101,167 | +764.8% |
| Income taxes | 67/77 | - | €10,160 | +€10,160 | |
| Profit (loss) for the period | 9904 | €13,227 | €104,235 | +€91,007 | +688.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,227 | €104,235 | +€91,007 | +688.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.