FIRON: what changed
FIRON
Largest movements
- Receivables within one year -€25,161
down €25,161 (-61.6%), from €40,850 to €15,690
of which Trade receivables: -€23,559
- Receivables after one year +€24,500
up €24,500 (+19.7%), from €124,500 to €149,000
- Tangible fixed assets +€5,548
up €5,548 (+6.0%), from €92,872 to €98,420
of which Furniture and vehicles: +€30,532
- Cash -€3,980
down €3,980 (-33.2%), from €12,003 to €8,023
mainly Investment in fixed assets (net) (-€46,372) and Receivables after one year (-€24,500)
- Trade debts -€10,919
down €10,919 (-22.6%), from €48,287 to €37,368
- Current portion of long-term debt +€10,671
up €10,671 (+79.5%), from €13,419 to €24,089
- Other debts -€5,672
down €5,672 (-27.8%), from €20,376 to €14,704
- Reserves +€4,412
up €4,412 (+8.6%), from €51,099 to €55,511
of which Distributable reserves: +€4,412
- Debts after one year +€2,768
up €2,768 (+2.9%), from €95,933 to €98,700
- Depreciation +€8,949
up €8,949 (+28.1%), from €31,875 to €40,824
- Gross operating margin +€7,511
up €7,511 (+13.1%), from €57,543 to €65,054
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,373 | €271,280 | +€907 | +0.3% |
| Fixed assets | 21/28 | €93,019 | €98,567 | +€5,548 | +6.0% |
| Tangible fixed assets | 22/27 | €92,872 | €98,420 | +€5,548 | +6.0% |
| Plant, machinery and equipment | 23 | €6,097 | €7,917 | +€1,821 | +29.9% |
| Furniture and vehicles | 24 | €8,597 | €39,129 | +€30,532 | +355% |
| Leasing and similar rights | 25 | €78,178 | €51,374 | -€26,804 | -34.3% |
| Financial fixed assets | 28 | €147 | €147 | = | 0.0% |
| Current assets | 29/58 | €177,354 | €172,713 | -€4,641 | -2.6% |
| Amounts receivable after more than one year | 29 | €124,500 | €149,000 | +€24,500 | +19.7% |
| Other amounts receivable | 291 | €124,500 | €149,000 | +€24,500 | +19.7% |
| Amounts receivable within one year | 40/41 | €40,850 | €15,690 | -€25,161 | -61.6% |
| Trade receivables | 40 | €34,746 | €11,187 | -€23,559 | -67.8% |
| Other amounts receivable | 41 | €6,105 | €4,503 | -€1,602 | -26.2% |
| Cash at bank and in hand | 54/58 | €12,003 | €8,023 | -€3,980 | -33.2% |
| Total equity and liabilities | 10/49 | €270,373 | €271,280 | +€907 | +0.3% |
| Equity | 10/15 | €87,309 | €91,721 | +€4,412 | +5.1% |
| Contributions | 10/11 | €8,510 | €8,510 | = | 0.0% |
| Reserves | 13 | €51,099 | €55,511 | +€4,412 | +8.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €34,739 | €39,151 | +€4,412 | +12.7% |
| Profit (loss) carried forward | 14 | €27,700 | €27,700 | = | 0.0% |
| Amounts payable | 17/49 | €183,064 | €179,559 | -€3,505 | -1.9% |
| Amounts payable after more than one year | 17 | €95,933 | €98,700 | +€2,768 | +2.9% |
| Financial debts | 170/4 | €95,933 | €98,700 | +€2,768 | +2.9% |
| Amounts payable within one year | 42/48 | €87,132 | €80,859 | -€6,272 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €13,419 | €24,089 | +€10,671 | +79.5% |
| Trade debts | 44 | €48,287 | €37,368 | -€10,919 | -22.6% |
| Suppliers | 440/4 | €48,287 | €37,368 | -€10,919 | -22.6% |
| Taxes, remuneration and social security | 45 | €5,049 | €4,697 | -€352 | -7.0% |
| Taxes | 450/3 | €5,049 | €4,697 | -€352 | -7.0% |
| Other amounts payable | 47/48 | €20,376 | €14,704 | -€5,672 | -27.8% |
| Non-recurring operating income | 76A | €3,620 | - | -€3,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,875 | €40,824 | +€8,949 | +28.1% |
| Other operating charges | 640/8 | €505 | €843 | +€337 | +66.7% |
| Gross operating margin | 9900 | €57,543 | €65,054 | +€7,511 | +13.1% |
| Operating profit (loss) | 9901 | €25,163 | €23,388 | -€1,775 | -7.1% |
| Financial income | 75/76B | €2,748 | €2,980 | +€232 | +8.4% |
| Recurring financial income | 75 | €2,748 | €2,980 | +€232 | +8.4% |
| Financial charges | 65/66B | €6,824 | €7,463 | +€639 | +9.4% |
| Recurring financial charges | 65 | €6,824 | €7,463 | +€639 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €21,087 | €18,905 | -€2,182 | -10.3% |
| Income taxes | 67/77 | €1,299 | €1,493 | +€194 | +14.9% |
| Profit (loss) for the period | 9904 | €19,788 | €17,412 | -€2,376 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,788 | €17,412 | -€2,376 | -12.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.