FIRO INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€43,616
down €43,616 (-6.1%), from €709,544 to €665,929
of which Land and buildings: -€39,176
- Receivables within one year -€10,952
down €10,952 (-18.6%), from €58,830 to €47,878
of which Other amounts receivable: -€11,134
- Profit (loss) carried forward -€54,337
down €54,337 (-37.0%), from -€147,039 to -€201,375
- Trade debts +€46,043
up €46,043 (+3,012%), from €1,529 to €47,571
- Debts after one year -€43,386
down €43,386 (-3.9%), from €1.1m to €1.1m
of which Financial debts: -€39,386
- Current portion of long-term debt +€10,721
up €10,721 (+41.3%), from €25,945 to €36,666
- Gross operating margin -€25,005
down €25,005 (-58.8%), from €42,497 to €17,491
- Financial charges +€9,322
up €9,322 (+84.5%), from €11,031 to €20,353
- Other operating charges -€1,634
down €1,634 (-17.2%), from €9,493 to €7,860
- Financial income -€701
down €701 (-100.0%), from €701 to €0
of which Financial income: -€701
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 | €1,000,288 | €955,303 | -€44,985 | -4.5% |
| Fixed assets | 21/28 | €709,544 | €665,929 | -€43,616 | -6.1% |
| Tangible fixed assets | 22/27 | €709,544 | €665,929 | -€43,616 | -6.1% |
| Land and buildings | 22 | €691,153 | €651,977 | -€39,176 | -5.7% |
| Furniture and vehicles | 24 | €18,391 | €13,952 | -€4,439 | -24.1% |
| Current assets | 29/58 | €290,744 | €289,375 | -€1,369 | -0.5% |
| Stocks and contracts in progress | 3 | €228,654 | €228,654 | = | 0.0% |
| Stocks | 30/36 | €228,654 | €228,654 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,830 | €47,878 | -€10,952 | -18.6% |
| Trade receivables | 40 | €799 | €980 | +€182 | +22.8% |
| Other amounts receivable | 41 | €58,031 | €46,898 | -€11,134 | -19.2% |
| Cash at bank and in hand | 54/58 | €1,719 | €11,481 | +€9,763 | +568% |
| Deferred charges and accrued income | 490/1 | €1,541 | €1,361 | -€180 | -11.7% |
| Total equity and liabilities | 10/49 | €1,000,288 | €955,303 | -€44,985 | -4.5% |
| Equity | 10/15 | -€147,039 | -€201,375 | -€54,337 | -37.0% |
| Profit (loss) carried forward | 14 | -€147,039 | -€201,375 | -€54,337 | -37.0% |
| Amounts payable | 17/49 | €1,147,327 | €1,156,679 | +€9,352 | +0.8% |
| Amounts payable after more than one year | 17 | €1,114,536 | €1,071,150 | -€43,386 | -3.9% |
| Financial debts | 170/4 | €399,761 | €360,375 | -€39,386 | -9.9% |
| Other amounts payable | 178/9 | €714,775 | €710,775 | -€4,000 | -0.6% |
| Amounts payable within one year | 42/48 | €32,791 | €84,729 | +€51,938 | +158% |
| Current portion of amounts payable after more than one year | 42 | €25,945 | €36,666 | +€10,721 | +41.3% |
| Trade debts | 44 | €1,529 | €47,571 | +€46,043 | +3,012% |
| Suppliers | 440/4 | €1,529 | €47,571 | +€46,043 | +3,012% |
| Other amounts payable | 47/48 | €5,317 | €492 | -€4,826 | -90.8% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,616 | €43,616 | = | 0.0% |
| Other operating charges | 640/8 | €9,493 | €7,860 | -€1,634 | -17.2% |
| Gross operating margin | 9900 | €42,497 | €17,491 | -€25,005 | -58.8% |
| Operating profit (loss) | 9901 | -€10,612 | -€33,984 | -€23,372 | -220% |
| Financial income | 75/76B | €701 | €0 | -€701 | -100.0% |
| Recurring financial income | 75 | €701 | €0 | -€701 | -100.0% |
| Non-recurring financial income | 76B | €701 | €0 | -€701 | -100.0% |
| Financial charges | 65/66B | €11,031 | €20,353 | +€9,322 | +84.5% |
| Recurring financial charges | 65 | €11,031 | €20,353 | +€9,322 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,943 | -€54,337 | -€33,394 | -159% |
| Profit (loss) for the period | 9904 | -€20,943 | -€54,337 | -€33,394 | -159% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,943 | -€54,337 | -€33,394 | -159% |
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 30 October 2026 via checked.be.