FirstClass: 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.
FirstClass
Largest movements
- Receivables within one year +€105,389
up €105,389 (+256.0%), from €41,170 to €146,559
of which Trade receivables: +€81,679
- Cash +€13,999
up €13,999 (+106.6%), from €13,137 to €27,136
mainly Trade debts (+€117,327) and Depreciation (+€28,621)
- Stocks and contracts +€10,140
new in 2025: €10,140
- Tangible fixed assets +€9,003
up €9,003 (+18.0%), from €49,977 to €58,980
- Trade debts +€117,327
up €117,327 (+2040.4%), from €5,750 to €123,077
- Debts after one year +€11,557
up €11,557 (+472.0%), from €2,448 to €14,005
- Tax, wage and social debts +€6,823
new in 2025: €6,823
- Profit (loss) carried forward +€5,946
up €5,946 (+7.0%), from €84,668 to €90,615
- Current portion of long-term debt -€3,122
down €3,122 (-27.6%), from €11,317 to €8,195
- Gross operating margin +€41,350
up €41,350 (+93.8%), from €44,083 to €85,433
- Taxes +€12,303
up €12,303 (+174.3%), from €7,056 to €19,359
- Staff costs +€10,939
up €10,939 (+144.8%), from €7,555 to €18,495
- Depreciation +€6,872
up €6,872 (+31.6%), from €21,749 to €28,621
- Other operating charges +€6,399
up €6,399 (+201.7%), from €3,172 to €9,572
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 | €104,284 | €242,815 | +€138,531 | +132.8% |
| Fixed assets | 21/28 | €49,977 | €58,980 | +€9,003 | +18.0% |
| Tangible fixed assets | 22/27 | €49,977 | €58,980 | +€9,003 | +18.0% |
| Furniture and vehicles | 24 | €49,977 | €58,980 | +€9,003 | +18.0% |
| Current assets | 29/58 | €54,307 | €183,835 | +€129,528 | +238.5% |
| Stocks and contracts in progress | 3 | - | €10,140 | +€10,140 | |
| Stocks | 30/36 | - | €10,140 | +€10,140 | |
| Amounts receivable within one year | 40/41 | €41,170 | €146,559 | +€105,389 | +256.0% |
| Trade receivables | 40 | €33,452 | €115,132 | +€81,679 | +244.2% |
| Other amounts receivable | 41 | €7,718 | €31,427 | +€23,710 | +307.2% |
| Cash at bank and in hand | 54/58 | €13,137 | €27,136 | +€13,999 | +106.6% |
| Total equity and liabilities | 10/49 | €104,284 | €242,815 | +€138,531 | +132.8% |
| Equity | 10/15 | €84,768 | €90,715 | +€5,946 | +7.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,668 | €90,615 | +€5,946 | +7.0% |
| Amounts payable | 17/49 | €19,515 | €152,100 | +€132,585 | +679.4% |
| Amounts payable after more than one year | 17 | €2,448 | €14,005 | +€11,557 | +472.0% |
| Financial debts | 170/4 | €2,448 | €14,005 | +€11,557 | +472.0% |
| Amounts payable within one year | 42/48 | €17,067 | €138,095 | +€121,028 | +709.1% |
| Current portion of amounts payable after more than one year | 42 | €11,317 | €8,195 | -€3,122 | -27.6% |
| Trade debts | 44 | €5,750 | €123,077 | +€117,327 | +2040.4% |
| Suppliers | 440/4 | €5,750 | €123,077 | +€117,327 | +2040.4% |
| Taxes, remuneration and social security | 45 | - | €6,823 | +€6,823 | |
| Taxes | 450/3 | - | €6,823 | +€6,823 | |
| Remuneration, social security and pensions | 62 | €7,555 | €18,495 | +€10,939 | +144.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,749 | €28,621 | +€6,872 | +31.6% |
| Other operating charges | 640/8 | €3,172 | €9,572 | +€6,399 | +201.7% |
| Gross operating margin | 9900 | €44,083 | €85,433 | +€41,350 | +93.8% |
| Operating profit (loss) | 9901 | €11,606 | €28,745 | +€17,139 | +147.7% |
| Financial income | 75/76B | €0 | €1 | +€0 | +103.1% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +103.1% |
| Financial charges | 65/66B | €1,211 | €3,440 | +€2,229 | +184.0% |
| Recurring financial charges | 65 | €1,211 | €3,440 | +€2,229 | +184.0% |
| Profit (loss) for the period before taxes | 9903 | €10,395 | €25,306 | +€14,910 | +143.4% |
| Income taxes | 67/77 | €7,056 | €19,359 | +€12,303 | +174.3% |
| Profit (loss) for the period | 9904 | €3,339 | €5,946 | +€2,608 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,339 | €5,946 | +€2,608 | +78.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.