FIRO ENGINEERING: what changed
FIRO ENGINEERING
Largest movements
- Cash +€14,178
up €14,178 (+255%), from €5,554 to €19,732
mainly Net result for the year (+€43,450) and Other debts (+€23,119)
- Tangible fixed assets -€6,175
down €6,175 (-32.6%), from €18,939 to €12,763
of which Furniture and vehicles: -€7,351
- Deferred charges and accrued income -€3,325
down €3,325 (-47.7%), from €6,975 to €3,651
- Receivables within one year +€1,822
up €1,822 (+5.4%), from €33,950 to €35,771
of which Other amounts receivable: +€3,402
- Other debts +€23,119
up €23,119 (+114%), from €20,331 to €43,450
- Debts after one year -€9,211
down €9,211 (-92.5%), from €9,961 to €750
- Reserves -€5,128
down €5,128 (-100%), from €5,128 to €0
- Tax, wage and social debts -€3,299
down €3,299 (-30.0%), from €11,015 to €7,716
- Gross operating margin +€20,430
up €20,430 (+45.7%), from €44,713 to €65,143
- Taxes +€4,653
up €4,653 (+68.2%), from €6,821 to €11,474
- Financial charges -€2,695
down €2,695 (-84.3%), from €3,196 to €501
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,418 | €71,918 | +€6,500 | +9.9% |
| Fixed assets | 21/28 | €18,939 | €12,763 | -€6,175 | -32.6% |
| Tangible fixed assets | 22/27 | €18,939 | €12,763 | -€6,175 | -32.6% |
| Plant, machinery and equipment | 23 | €2,283 | €3,460 | +€1,176 | +51.5% |
| Furniture and vehicles | 24 | €16,655 | €9,304 | -€7,351 | -44.1% |
| Current assets | 29/58 | €46,480 | €59,154 | +€12,675 | +27.3% |
| Amounts receivable within one year | 40/41 | €33,950 | €35,771 | +€1,822 | +5.4% |
| Trade receivables | 40 | €25,184 | €23,604 | -€1,581 | -6.3% |
| Other amounts receivable | 41 | €8,765 | €12,168 | +€3,402 | +38.8% |
| Cash at bank and in hand | 54/58 | €5,554 | €19,732 | +€14,178 | +255% |
| Deferred charges and accrued income | 490/1 | €6,975 | €3,651 | -€3,325 | -47.7% |
| Total equity and liabilities | 10/49 | €65,418 | €71,918 | +€6,500 | +9.9% |
| Equity | 10/15 | €15,128 | €10,000 | -€5,128 | -33.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,128 | €0 | -€5,128 | -100% |
| Distributable reserves | 133 | €5,128 | €0 | -€5,128 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,290 | €61,918 | +€11,628 | +23.1% |
| Amounts payable after more than one year | 17 | €9,961 | €750 | -€9,211 | -92.5% |
| Financial debts | 170/4 | €9,961 | €750 | -€9,211 | -92.5% |
| Amounts payable within one year | 42/48 | €40,329 | €61,168 | +€20,839 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €8,459 | €8,911 | +€452 | +5.3% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €523 | €1,091 | +€568 | +109% |
| Suppliers | 440/4 | €523 | €1,091 | +€568 | +109% |
| Taxes, remuneration and social security | 45 | €11,015 | €7,716 | -€3,299 | -30.0% |
| Taxes | 450/3 | €11,015 | €7,716 | -€3,299 | -30.0% |
| Other amounts payable | 47/48 | €20,331 | €43,450 | +€23,119 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,074 | €9,511 | +€437 | +4.8% |
| Other operating charges | 640/8 | €988 | €648 | -€340 | -34.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €44,713 | €65,143 | +€20,430 | +45.7% |
| Operating profit (loss) | 9901 | €34,650 | €54,984 | +€20,333 | +58.7% |
| Financial income | 75/76B | €826 | €441 | -€385 | -46.6% |
| Recurring financial income | 75 | €826 | €441 | -€385 | -46.6% |
| Financial charges | 65/66B | €3,196 | €501 | -€2,695 | -84.3% |
| Recurring financial charges | 65 | €3,196 | €501 | -€2,695 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €32,280 | €54,923 | +€22,643 | +70.1% |
| Income taxes | 67/77 | €6,821 | €11,474 | +€4,653 | +68.2% |
| Profit (loss) for the period | 9904 | €25,459 | €43,450 | +€17,991 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,459 | €43,450 | +€17,991 | +70.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.