FIRO ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€14,178
up €14,178 (+255.3%), from €5,554 to €19,732
mainly Net result for the year (+€43,450) and Other debts (+€23,119)
- Tangible fixed assets -€6,175
down €6,175 (-32.6%), from €18,939 to €12,763
of which Furniture and vehicles: -€7,351
- Deferred charges and accrued income -€3,325
down €3,325 (-47.7%), from €6,975 to €3,651
- Receivables within one year +€1,822
up €1,822 (+5.4%), from €33,950 to €35,771
of which Other amounts receivable: +€3,402
- Other debts +€23,119
up €23,119 (+113.7%), from €20,331 to €43,450
- Debts after one year -€9,211
down €9,211 (-92.5%), from €9,961 to €750
- Reserves -€5,128
down €5,128 (-100.0%), from €5,128 to €0
- Tax, wage and social debts -€3,299
down €3,299 (-30.0%), from €11,015 to €7,716
- Gross operating margin +€20,430
up €20,430 (+45.7%), from €44,713 to €65,143
- Taxes +€4,653
up €4,653 (+68.2%), from €6,821 to €11,474
- Financial charges -€2,695
down €2,695 (-84.3%), from €3,196 to €501
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 | €65,418 | €71,918 | +€6,500 | +9.9% |
| Fixed assets | 21/28 | €18,939 | €12,763 | -€6,175 | -32.6% |
| Tangible fixed assets | 22/27 | €18,939 | €12,763 | -€6,175 | -32.6% |
| Plant, machinery and equipment | 23 | €2,283 | €3,460 | +€1,176 | +51.5% |
| Furniture and vehicles | 24 | €16,655 | €9,304 | -€7,351 | -44.1% |
| Current assets | 29/58 | €46,480 | €59,154 | +€12,675 | +27.3% |
| Amounts receivable within one year | 40/41 | €33,950 | €35,771 | +€1,822 | +5.4% |
| Trade receivables | 40 | €25,184 | €23,604 | -€1,581 | -6.3% |
| Other amounts receivable | 41 | €8,765 | €12,168 | +€3,402 | +38.8% |
| Cash at bank and in hand | 54/58 | €5,554 | €19,732 | +€14,178 | +255.3% |
| Deferred charges and accrued income | 490/1 | €6,975 | €3,651 | -€3,325 | -47.7% |
| Total equity and liabilities | 10/49 | €65,418 | €71,918 | +€6,500 | +9.9% |
| Equity | 10/15 | €15,128 | €10,000 | -€5,128 | -33.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,128 | €0 | -€5,128 | -100.0% |
| Distributable reserves | 133 | €5,128 | €0 | -€5,128 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,290 | €61,918 | +€11,628 | +23.1% |
| Amounts payable after more than one year | 17 | €9,961 | €750 | -€9,211 | -92.5% |
| Financial debts | 170/4 | €9,961 | €750 | -€9,211 | -92.5% |
| Amounts payable within one year | 42/48 | €40,329 | €61,168 | +€20,839 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €8,459 | €8,911 | +€452 | +5.3% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €523 | €1,091 | +€568 | +108.5% |
| Suppliers | 440/4 | €523 | €1,091 | +€568 | +108.5% |
| Taxes, remuneration and social security | 45 | €11,015 | €7,716 | -€3,299 | -30.0% |
| Taxes | 450/3 | €11,015 | €7,716 | -€3,299 | -30.0% |
| Other amounts payable | 47/48 | €20,331 | €43,450 | +€23,119 | +113.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,074 | €9,511 | +€437 | +4.8% |
| Other operating charges | 640/8 | €988 | €648 | -€340 | -34.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €44,713 | €65,143 | +€20,430 | +45.7% |
| Operating profit (loss) | 9901 | €34,650 | €54,984 | +€20,333 | +58.7% |
| Financial income | 75/76B | €826 | €441 | -€385 | -46.6% |
| Recurring financial income | 75 | €826 | €441 | -€385 | -46.6% |
| Financial charges | 65/66B | €3,196 | €501 | -€2,695 | -84.3% |
| Recurring financial charges | 65 | €3,196 | €501 | -€2,695 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €32,280 | €54,923 | +€22,643 | +70.1% |
| Income taxes | 67/77 | €6,821 | €11,474 | +€4,653 | +68.2% |
| Profit (loss) for the period | 9904 | €25,459 | €43,450 | +€17,991 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,459 | €43,450 | +€17,991 | +70.7% |
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 12 October 2026 via checked.be.