FYRCO: what changed
Two financial 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.
FYRCO
Largest movements
- Receivables within one year +€77,904
up €77,904 (+41.8%), from €186,556 to €264,460
- Stocks and contracts +€76,690
up €76,690 (+19.0%), from €403,814 to €480,504
- Deferred charges and accrued income +€43,562
up €43,562 (+140.5%), from €30,996 to €74,558
- Tangible fixed assets -€27,056
down €27,056 (-43.0%), from €62,863 to €35,806
of which Furniture and vehicles: -€22,850
- Intangible fixed assets -€20,591
down €20,591 (-26.4%), from €78,000 to €57,409
- Profit (loss) carried forward +€163,035
up €163,035 (+104.5%), from €156,018 to €319,053
- Other debts -€48,379
down €48,379 (-23.1%), from €209,001 to €160,622
- Tax, wage and social debts +€41,256
up €41,256 (+18.1%), from €227,800 to €269,056
of which Taxes: +€61,916
- Trade debts -€26,877
down €26,877 (-6.4%), from €420,745 to €393,869
- Gross operating margin +€234,891
up €234,891 (+16.5%), from €1.4m to €1.7m
- Staff costs +€198,419
up €198,419 (+21.6%), from €918,100 to €1.1m
- Taxes +€18,233
up €18,233 (+17.2%), from €106,153 to €124,386
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 | €1,287,607 | €1,424,362 | +€136,755 | +10.6% |
| Fixed assets | 21/28 | €152,863 | €105,216 | -€47,647 | -31.2% |
| Intangible fixed assets | 21 | €78,000 | €57,409 | -€20,591 | -26.4% |
| Tangible fixed assets | 22/27 | €62,863 | €35,806 | -€27,056 | -43.0% |
| Plant, machinery and equipment | 23 | €10,089 | €7,405 | -€2,684 | -26.6% |
| Furniture and vehicles | 24 | €45,998 | €23,149 | -€22,850 | -49.7% |
| Other tangible fixed assets | 26 | €6,775 | €5,252 | -€1,523 | -22.5% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €1,134,744 | €1,319,146 | +€184,402 | +16.3% |
| Stocks and contracts in progress | 3 | €403,814 | €480,504 | +€76,690 | +19.0% |
| Stocks | 30/36 | €403,814 | €480,504 | +€76,690 | +19.0% |
| Amounts receivable within one year | 40/41 | €186,556 | €264,460 | +€77,904 | +41.8% |
| Trade receivables | 40 | €186,556 | €264,460 | +€77,904 | +41.8% |
| Cash at bank and in hand | 54/58 | €513,378 | €499,624 | -€13,754 | -2.7% |
| Deferred charges and accrued income | 490/1 | €30,996 | €74,558 | +€43,562 | +140.5% |
| Total equity and liabilities | 10/49 | €1,287,607 | €1,424,362 | +€136,755 | +10.6% |
| Equity | 10/15 | €391,157 | €554,193 | +€163,035 | +41.7% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €226,940 | €226,940 | = | 0.0% |
| Distributable reserves | 133 | €226,940 | €226,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,018 | €319,053 | +€163,035 | +104.5% |
| Amounts payable | 17/49 | €896,450 | €870,169 | -€26,280 | -2.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €894,199 | €867,525 | -€26,674 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €36,652 | €43,978 | +€7,326 | +20.0% |
| Trade debts | 44 | €420,745 | €393,869 | -€26,877 | -6.4% |
| Suppliers | 440/4 | €420,745 | €393,869 | -€26,877 | -6.4% |
| Taxes, remuneration and social security | 45 | €227,800 | €269,056 | +€41,256 | +18.1% |
| Taxes | 450/3 | €86,141 | €148,057 | +€61,916 | +71.9% |
| Remuneration and social security | 454/9 | €141,659 | €120,999 | -€20,660 | -14.6% |
| Other amounts payable | 47/48 | €209,001 | €160,622 | -€48,379 | -23.1% |
| Accrued charges and deferred income | 492/3 | €2,251 | €2,644 | +€393 | +17.5% |
| Remuneration, social security and pensions | 62 | €918,100 | €1,116,519 | +€198,419 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,480 | €53,220 | +€740 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,497 | €11,193 | -€3,304 | -22.8% |
| Other operating charges | 640/8 | €21,535 | €21,834 | +€299 | +1.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,427,436 | €1,662,327 | +€234,891 | +16.5% |
| Operating profit (loss) | 9901 | €420,824 | €459,562 | +€38,737 | +9.2% |
| Financial income | 75/76B | €96 | €0 | -€96 | -100.0% |
| Recurring financial income | 75 | €96 | €0 | -€96 | -100.0% |
| Financial charges | 65/66B | €22,437 | €11,518 | -€10,919 | -48.7% |
| Recurring financial charges | 65 | €22,437 | €11,518 | -€10,919 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €398,483 | €448,044 | +€49,560 | +12.4% |
| Income taxes | 67/77 | €106,153 | €124,386 | +€18,233 | +17.2% |
| Profit (loss) for the period | 9904 | €292,330 | €323,657 | +€31,327 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €292,330 | €323,657 | +€31,327 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.