FIROPAN: 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.
FIROPAN
Largest movements
- Current investments +€72,474
up €72,474 (+7.9%), from €917,526 to €990,000
- Deferred charges and accrued income +€22,094
up €22,094 (+8.7%), from €254,823 to €276,917
- Tangible fixed assets -€18,563
down €18,563 (-11.4%), from €162,500 to €143,936
of which Furniture and vehicles: -€14,572
- Reserves +€57,276
up €57,276 (+15.5%), from €369,420 to €426,696
- Financial income -€14,201
down €14,201 (-21.1%), from €67,230 to €53,029
- Financial charges -€10,143
down €10,143 (-28.5%), from €35,630 to €25,488
- Gross operating margin +€1,640
up €1,640 (+1.6%), from €100,074 to €101,713
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 | €1,806,085 | €1,853,632 | +€47,546 | +2.6% |
| Fixed assets | 21/28 | €162,500 | €143,936 | -€18,563 | -11.4% |
| Tangible fixed assets | 22/27 | €162,500 | €143,936 | -€18,563 | -11.4% |
| Land and buildings | 22 | €102,059 | €98,682 | -€3,376 | -3.3% |
| Plant, machinery and equipment | 23 | €2,515 | €1,900 | -€615 | -24.4% |
| Furniture and vehicles | 24 | €57,926 | €43,354 | -€14,572 | -25.2% |
| Current assets | 29/58 | €1,643,586 | €1,709,695 | +€66,110 | +4.0% |
| Amounts receivable within one year | 40/41 | €378,025 | €366,065 | -€11,960 | -3.2% |
| Trade receivables | 40 | €9,330 | €14,630 | +€5,300 | +56.8% |
| Other amounts receivable | 41 | €368,694 | €351,435 | -€17,259 | -4.7% |
| Current investments | 50/53 | €917,526 | €990,000 | +€72,474 | +7.9% |
| Cash at bank and in hand | 54/58 | €93,213 | €76,713 | -€16,499 | -17.7% |
| Deferred charges and accrued income | 490/1 | €254,823 | €276,917 | +€22,094 | +8.7% |
| Total equity and liabilities | 10/49 | €1,806,085 | €1,853,632 | +€47,546 | +2.6% |
| Equity | 10/15 | €431,420 | €488,696 | +€57,276 | +13.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €369,420 | €426,696 | +€57,276 | +15.5% |
| Distributable reserves | 133 | €369,420 | €426,696 | +€57,276 | +15.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,374,665 | €1,364,936 | -€9,729 | -0.7% |
| Amounts payable within one year | 42/48 | €1,339,442 | €1,339,812 | +€370 | 0.0% |
| Trade debts | 44 | €1,660 | €1,693 | +€32 | +1.9% |
| Suppliers | 440/4 | €1,660 | €1,693 | +€32 | +1.9% |
| Taxes, remuneration and social security | 45 | €13,592 | €14,459 | +€867 | +6.4% |
| Taxes | 450/3 | €13,592 | €14,459 | +€867 | +6.4% |
| Other amounts payable | 47/48 | €1,324,190 | €1,323,660 | -€530 | 0.0% |
| Accrued charges and deferred income | 492/3 | €35,223 | €25,124 | -€10,099 | -28.7% |
| Non-recurring operating income | 76A | €13,349 | €0 | -€13,349 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,710 | €18,563 | -€146 | -0.8% |
| Other operating charges | 640/8 | €7,307 | €7,401 | +€95 | +1.3% |
| Gross operating margin | 9900 | €100,074 | €101,713 | +€1,640 | +1.6% |
| Operating profit (loss) | 9901 | €74,058 | €75,749 | +€1,691 | +2.3% |
| Financial income | 75/76B | €67,230 | €53,029 | -€14,201 | -21.1% |
| Recurring financial income | 75 | €67,230 | €53,029 | -€14,201 | -21.1% |
| Financial charges | 65/66B | €35,630 | €25,488 | -€10,143 | -28.5% |
| Recurring financial charges | 65 | €35,630 | €25,488 | -€10,143 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €105,657 | €103,290 | -€2,367 | -2.2% |
| Income taxes | 67/77 | €32,861 | €33,522 | +€660 | +2.0% |
| Profit (loss) for the period | 9904 | €72,795 | €69,768 | -€3,027 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,795 | €69,768 | -€3,027 | -4.2% |
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.