FIFRA: 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.
What changed
FIFRA
NACE 02.200, Logging
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€124,530
2024 · -€363,324+€238,794
Equity
€2.8m
2024 · €2.9m-€124,530
Cash
€36,578
2024 · €25,645+€10,933
Balance sheet total
€3.0m
2024 · €3.1m-€128,786
Largest movements
Assets
- Tangible fixed assets -€132,069
down €132,069 (-4.3%), from €3.1m to €3.0m
of which Land and buildings: -€124,918
Equity and liabilities
- Profit (loss) carried forward -€124,530
down €124,530 (-6.1%), from €2.1m to €1.9m
Income statement
- Gross operating margin +€37,461
up €37,461, from -€18,127 to €19,335
- Depreciation -€21,404
down €21,404 (-13.4%), from €159,637 to €138,233
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.
Result 2024
-€363,324
Gross operating margin
+€37,461
Depreciation
+€21,404
Other operating charges
-€159
Other operating items
+€180,000
Financial charges
+€87
Result 2025
-€124,530
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€17,097
Investment
-€6,164
Financing
€0
Cash 2024
€25,645
From operations (derived)
+€17,097
Net result for the year
-€124,530
Depreciation
+€138,233
Smaller working-capital items
+€471
Deferred charges and accrued income
+€7,418
Trade debts
+€1,639
Other debts
-€6,135
Investment (derived)
-€6,164
Investment in fixed assets (net)
-€6,164
Cash 2025
€36,578
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,135,596 | €3,006,810 | -€128,786 | -4.1% |
| Fixed assets | 21/28 | €3,101,396 | €2,969,327 | -€132,069 | -4.3% |
| Tangible fixed assets | 22/27 | €3,101,396 | €2,969,327 | -€132,069 | -4.3% |
| Land and buildings | 22 | €2,490,474 | €2,365,556 | -€124,918 | -5.0% |
| Plant, machinery and equipment | 23 | €36,174 | €34,910 | -€1,264 | -3.5% |
| Furniture and vehicles | 24 | €6,932 | €1,045 | -€5,887 | -84.9% |
| Other tangible fixed assets | 26 | €567,816 | €567,816 | = | 0.0% |
| Current assets | 29/58 | €34,200 | €37,484 | +€3,284 | +9.6% |
| Amounts receivable within one year | 40/41 | €1,137 | €906 | -€231 | -20.3% |
| Other amounts receivable | 41 | €1,137 | €906 | -€231 | -20.3% |
| Cash at bank and in hand | 54/58 | €25,645 | €36,578 | +€10,933 | +42.6% |
| Deferred charges and accrued income | 490/1 | €7,418 | €0 | -€7,418 | -100% |
| Total equity and liabilities | 10/49 | €3,135,596 | €3,006,810 | -€128,786 | -4.1% |
| Equity | 10/15 | €2,900,880 | €2,776,350 | -€124,530 | -4.3% |
| Contributions | 10/11 | €835,655 | €835,655 | = | 0.0% |
| Capital | 10 | €835,655 | €835,655 | = | 0.0% |
| Issued capital | 100 | €835,655 | €835,655 | = | 0.0% |
| Reserves | 13 | €9,642 | €9,642 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,642 | €9,642 | = | 0.0% |
| Legal reserve | 130 | €9,642 | €9,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,055,583 | €1,931,053 | -€124,530 | -6.1% |
| Amounts payable | 17/49 | €234,716 | €230,461 | -€4,255 | -1.8% |
| Amounts payable within one year | 42/48 | €222,716 | €218,221 | -€4,495 | -2.0% |
| Trade debts | 44 | €5,248 | €6,887 | +€1,639 | +31.2% |
| Suppliers | 440/4 | €5,248 | €6,887 | +€1,639 | +31.2% |
| Other amounts payable | 47/48 | €217,469 | €211,334 | -€6,135 | -2.8% |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,240 | +€240 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,637 | €138,233 | -€21,404 | -13.4% |
| Other operating charges | 640/8 | €5,262 | €5,421 | +€159 | +3.0% |
| Non-recurring operating charges | 66A | €180,000 | €0 | -€180,000 | -100% |
| Gross operating margin | 9900 | -€18,127 | €19,335 | +€37,461 | |
| Operating profit (loss) | 9901 | -€363,026 | -€124,319 | +€238,706 | +65.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €298 | €211 | -€87 | -29.2% |
| Recurring financial charges | 65 | €298 | €211 | -€87 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | -€363,324 | -€124,530 | +€238,794 | +65.7% |
| Profit (loss) for the period | 9904 | -€363,324 | -€124,530 | +€238,794 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€363,324 | -€124,530 | +€238,794 | +65.7% |
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 30 October 2026 via checked.be.