FIROA: 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.
FIROA
Largest movements
- Receivables within one year -€20,415
down €20,415 (-69.0%), from €29,581 to €9,166
of which Trade receivables: -€15,501
- Debts after one year -€16,034
down €16,034 (-23.5%), from €68,337 to €52,303
- Profit (loss) carried forward -€9,969
down €9,969, from €2,490 to -€7,479
- Current portion of long-term debt +€9,221
up €9,221 (+160.6%), from €5,743 to €14,964
- Trade debts -€3,251
down €3,251 (-58.2%), from €5,590 to €2,339
- Tax, wage and social debts -€2,584
down €2,584 (-56.0%), from €4,617 to €2,033
- Purchases and services -€8,508
down €8,508 (-16.6%), from €51,130 to €42,622
- Turnover -€4,323
down €4,323 (-10.7%), from €40,317 to €35,994
- Gross operating margin +€3,425
up €3,425 (+34.1%), from -€10,053 to -€6,628
- Financial income +€1,309
new in 2025: €1,309
of which Non-recurring financial income: +€1,307
- Depreciation +€1,089
up €1,089 (+53.1%), from €2,049 to €3,138
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 | €106,777 | €85,887 | -€20,890 | -19.6% |
| Fixed assets | 21/28 | €74,982 | €74,844 | -€138 | -0.2% |
| Tangible fixed assets | 22/27 | €74,882 | €74,744 | -€138 | -0.2% |
| Land and buildings | 22 | €74,661 | €74,622 | -€39 | -0.1% |
| Furniture and vehicles | 24 | €221 | €122 | -€99 | -44.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €31,795 | €11,043 | -€20,752 | -65.3% |
| Amounts receivable within one year | 40/41 | €29,581 | €9,166 | -€20,415 | -69.0% |
| Trade receivables | 40 | €24,007 | €8,506 | -€15,501 | -64.6% |
| Other amounts receivable | 41 | €5,574 | €660 | -€4,914 | -88.2% |
| Cash at bank and in hand | 54/58 | €2,140 | €1,624 | -€516 | -24.1% |
| Deferred charges and accrued income | 490/1 | €74 | €253 | +€179 | +241.9% |
| Total equity and liabilities | 10/49 | €106,777 | €85,887 | -€20,890 | -19.6% |
| Equity | 10/15 | €22,490 | €12,521 | -€9,969 | -44.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,490 | -€7,479 | -€9,969 | |
| Amounts payable | 17/49 | €84,287 | €73,366 | -€10,921 | -13.0% |
| Amounts payable after more than one year | 17 | €68,337 | €52,303 | -€16,034 | -23.5% |
| Other amounts payable | 178/9 | €68,337 | €52,303 | -€16,034 | -23.5% |
| Amounts payable within one year | 42/48 | €15,950 | €21,063 | +€5,113 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €5,743 | €14,964 | +€9,221 | +160.6% |
| Trade debts | 44 | €5,590 | €2,339 | -€3,251 | -58.2% |
| Suppliers | 440/4 | €5,590 | €2,339 | -€3,251 | -58.2% |
| Taxes, remuneration and social security | 45 | €4,617 | €2,033 | -€2,584 | -56.0% |
| Taxes | 450/3 | €4,617 | €2,033 | -€2,584 | -56.0% |
| Other amounts payable | 47/48 | - | €1,727 | +€1,727 | |
| Turnover | 70 | €40,317 | €35,994 | -€4,323 | -10.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,130 | €42,622 | -€8,508 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,049 | €3,138 | +€1,089 | +53.1% |
| Other operating charges | 640/8 | €236 | €839 | +€603 | +255.5% |
| Gross operating margin | 9900 | -€10,053 | -€6,628 | +€3,425 | +34.1% |
| Operating profit (loss) | 9901 | -€12,338 | -€10,605 | +€1,733 | +14.0% |
| Financial income | 75/76B | - | €1,309 | +€1,309 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Non-recurring financial income | 76B | - | €1,307 | +€1,307 | |
| Financial charges | 65/66B | €1,695 | €673 | -€1,022 | -60.3% |
| Recurring financial charges | 65 | €1,695 | €673 | -€1,022 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,033 | -€9,969 | +€4,064 | +29.0% |
| Profit (loss) for the period | 9904 | -€14,033 | -€9,969 | +€4,064 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,033 | -€9,969 | +€4,064 | +29.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.