FIRIMA: 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.
FIRIMA
Largest movements
- Receivables within one year +€223,440
up €223,440 (+210.3%), from €106,246 to €329,686
of which Other amounts receivable: +€189,091
- Tangible fixed assets +€56,890
up €56,890 (+59.7%), from €95,251 to €152,142
of which Plant, machinery and equipment: +€65,535
- Stocks and contracts +€37,025
new in 2025: €37,025
- Cash -€30,402
down €30,402 (-40.7%), from €74,696 to €44,295
mainly Receivables within one year (-€223,440) and Investment in fixed assets (net) (-€123,380)
- Deferred charges and accrued income +€19,720
up €19,720 (+149.3%), from €13,206 to €32,926
- Trade debts +€194,756
up €194,756 (+491.4%), from €39,635 to €234,390
- Debts after one year +€30,306
up €30,306 (+65.5%), from €46,272 to €76,577
- Reserves +€29,000
up €29,000 (+46.4%), from €62,479 to €91,479
of which Distributable reserves: +€29,000
- Tax, wage and social debts +€26,387
up €26,387 (+59.2%), from €44,589 to €70,976
of which Remuneration and social security: +€25,441
- Short-term financial debts +€25,000
new in 2025: €25,000
- Staff costs +€129,045
up €129,045 (+109.8%), from €117,517 to €246,562
- Gross operating margin +€69,968
up €69,968 (+23.6%), from €296,891 to €366,858
- Taxes -€17,403
down €17,403 (-55.0%), from €31,636 to €14,232
- Depreciation +€15,143
up €15,143 (+29.5%), from €51,347 to €66,489
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 | €289,400 | €596,074 | +€306,674 | +106.0% |
| Fixed assets | 21/28 | €95,251 | €152,142 | +€56,890 | +59.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €95,251 | €152,142 | +€56,890 | +59.7% |
| Plant, machinery and equipment | 23 | €37,182 | €102,717 | +€65,535 | +176.3% |
| Furniture and vehicles | 24 | €31,245 | €41,100 | +€9,855 | +31.5% |
| Leasing and similar rights | 25 | €26,825 | €8,325 | -€18,500 | -69.0% |
| Current assets | 29/58 | €194,149 | €443,932 | +€249,784 | +128.7% |
| Stocks and contracts in progress | 3 | - | €37,025 | +€37,025 | |
| Stocks | 30/36 | - | €37,025 | +€37,025 | |
| Amounts receivable within one year | 40/41 | €106,246 | €329,686 | +€223,440 | +210.3% |
| Trade receivables | 40 | €81,415 | €115,764 | +€34,349 | +42.2% |
| Other amounts receivable | 41 | €24,831 | €213,922 | +€189,091 | +761.5% |
| Cash at bank and in hand | 54/58 | €74,696 | €44,295 | -€30,402 | -40.7% |
| Deferred charges and accrued income | 490/1 | €13,206 | €32,926 | +€19,720 | +149.3% |
| Total equity and liabilities | 10/49 | €289,400 | €596,074 | +€306,674 | +106.0% |
| Equity | 10/15 | €89,484 | €119,080 | +€29,596 | +33.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €62,479 | €91,479 | +€29,000 | +46.4% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €89,000 | +€29,000 | +48.3% |
| Profit (loss) carried forward | 14 | €2,215 | €2,812 | +€596 | +26.9% |
| Amounts payable | 17/49 | €199,916 | €476,994 | +€277,078 | +138.6% |
| Amounts payable after more than one year | 17 | €46,272 | €76,577 | +€30,306 | +65.5% |
| Financial debts | 170/4 | €46,272 | €76,577 | +€30,306 | +65.5% |
| Amounts payable within one year | 42/48 | €153,645 | €400,417 | +€246,772 | +160.6% |
| Current portion of amounts payable after more than one year | 42 | €44,221 | €53,050 | +€8,829 | +20.0% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €39,635 | €234,390 | +€194,756 | +491.4% |
| Suppliers | 440/4 | €39,635 | €234,390 | +€194,756 | +491.4% |
| Taxes, remuneration and social security | 45 | €44,589 | €70,976 | +€26,387 | +59.2% |
| Taxes | 450/3 | €39,087 | €40,032 | +€946 | +2.4% |
| Remuneration and social security | 454/9 | €5,502 | €30,944 | +€25,441 | +462.4% |
| Other amounts payable | 47/48 | €25,200 | €17,000 | -€8,200 | -32.5% |
| Remuneration, social security and pensions | 62 | €117,517 | €246,562 | +€129,045 | +109.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,347 | €66,489 | +€15,143 | +29.5% |
| Other operating charges | 640/8 | €2,707 | €2,566 | -€140 | -5.2% |
| Gross operating margin | 9900 | €296,891 | €366,858 | +€69,968 | +23.6% |
| Operating profit (loss) | 9901 | €125,320 | €51,241 | -€74,079 | -59.1% |
| Financial income | 75/76B | €1,112 | €0 | -€1,112 | -100.0% |
| Recurring financial income | 75 | €1,112 | €0 | -€1,112 | -100.0% |
| Financial charges | 65/66B | €6,432 | €7,413 | +€981 | +15.2% |
| Recurring financial charges | 65 | €6,432 | €7,413 | +€981 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €120,000 | €43,828 | -€76,172 | -63.5% |
| Income taxes | 67/77 | €31,636 | €14,232 | -€17,403 | -55.0% |
| Profit (loss) for the period | 9904 | €88,364 | €29,596 | -€58,768 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,364 | €29,596 | -€58,768 | -66.5% |
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 3 October 2026 via checked.be.