FIRONS: 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.
FIRONS
Largest movements
- Receivables within one year -€29,839
down €29,839 (-43.4%), from €68,733 to €38,894
of which Trade receivables: -€19,839
- Cash -€13,798
down €13,798 (-51.8%), from €26,662 to €12,864
mainly Debts after one year (-€108,451) and Tax, wage and social debts (-€14,574)
- Debts after one year -€108,451
down €108,451 (-38.3%), from €283,331 to €174,880
- Reserves +€67,809
up €67,809 (+21.5%), from €315,451 to €383,260
- Tax, wage and social debts -€14,574
down €14,574 (-19.8%), from €73,563 to €58,990
of which Taxes: -€14,605
- Gross operating margin -€33,796
down €33,796 (-22.3%), from €151,244 to €117,448
- Financial charges -€6,725
down €6,725 (-36.3%), from €18,512 to €11,788
- Taxes -€1,986
down €1,986 (-5.9%), from €33,771 to €31,785
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 | €906,614 | €862,488 | -€44,127 | -4.9% |
| Fixed assets | 21/28 | €811,219 | €810,729 | -€490 | -0.1% |
| Tangible fixed assets | 22/27 | €11,219 | €10,729 | -€490 | -4.4% |
| Other tangible fixed assets | 26 | €11,219 | €10,729 | -€490 | -4.4% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €95,396 | €51,758 | -€43,637 | -45.7% |
| Amounts receivable within one year | 40/41 | €68,733 | €38,894 | -€29,839 | -43.4% |
| Trade receivables | 40 | €58,567 | €38,728 | -€19,839 | -33.9% |
| Other amounts receivable | 41 | €10,166 | €166 | -€10,000 | -98.4% |
| Cash at bank and in hand | 54/58 | €26,662 | €12,864 | -€13,798 | -51.8% |
| Total equity and liabilities | 10/49 | €906,614 | €862,488 | -€44,127 | -4.9% |
| Equity | 10/15 | €415,451 | €483,260 | +€67,809 | +16.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €315,451 | €383,260 | +€67,809 | +21.5% |
| Distributable reserves | 133 | €315,451 | €383,260 | +€67,809 | +21.5% |
| Amounts payable | 17/49 | €491,163 | €379,228 | -€111,936 | -22.8% |
| Amounts payable after more than one year | 17 | €283,331 | €174,880 | -€108,451 | -38.3% |
| Financial debts | 170/4 | €283,331 | €174,880 | -€108,451 | -38.3% |
| Amounts payable within one year | 42/48 | €207,633 | €204,148 | -€3,485 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €106,956 | €115,117 | +€8,161 | +7.6% |
| Trade debts | 44 | €2,661 | €4,656 | +€1,995 | +75.0% |
| Suppliers | 440/4 | €2,661 | €4,656 | +€1,995 | +75.0% |
| Taxes, remuneration and social security | 45 | €73,563 | €58,990 | -€14,574 | -19.8% |
| Taxes | 450/3 | €70,596 | €55,991 | -€14,605 | -20.7% |
| Remuneration and social security | 454/9 | €2,967 | €2,999 | +€32 | +1.1% |
| Other amounts payable | 47/48 | €24,452 | €25,384 | +€932 | +3.8% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,148 | €4,690 | +€541 | +13.0% |
| Other operating charges | 640/8 | €1,274 | €1,377 | +€104 | +8.1% |
| Gross operating margin | 9900 | €151,244 | €117,448 | -€33,796 | -22.3% |
| Operating profit (loss) | 9901 | €145,822 | €111,382 | -€34,440 | -23.6% |
| Financial charges | 65/66B | €18,512 | €11,788 | -€6,725 | -36.3% |
| Recurring financial charges | 65 | €18,512 | €11,788 | -€6,725 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €127,310 | €99,594 | -€27,716 | -21.8% |
| Income taxes | 67/77 | €33,771 | €31,785 | -€1,986 | -5.9% |
| Profit (loss) for the period | 9904 | €93,538 | €67,809 | -€25,729 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,538 | €67,809 | -€25,729 | -27.5% |
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 6 October 2026 via checked.be.