FIRLEY M&M: what changed
FIRLEY M&M
Largest movements
- Receivables within one year +€22,467
up €22,467 (+76.6%), from €29,315 to €51,782
of which Trade receivables: +€19,880
- Tangible fixed assets +€3,807
up €3,807 (+116%), from €3,293 to €7,100
- Cash +€722
up €722 (+83.0%), from €871 to €1,593
mainly Trade debts (+€16,842) and Net result for the year (+€6,280)
- Trade debts +€16,842
up €16,842 (+207%), from €8,140 to €24,982
- Profit (loss) carried forward +€6,280
up €6,280 (+47.5%), from €13,219 to €19,499
- Tax, wage and social debts +€4,190
up €4,190 (+102%), from €4,110 to €8,300
of which Taxes: +€2,660
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin +€12,151
up €12,151 (+661%), from €1,837 to €13,988
- Taxes +€2,428
up €2,428 (+401%), from €605 to €3,033
- Depreciation -€838
down €838 (-30.0%), from €2,793 to €1,955
- Other operating charges +€364
up €364 (+26.3%), from €1,383 to €1,747
- Financial charges +€270
up €270 (+23.8%), from €1,135 to €1,405
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 | €33,529 | €60,841 | +€27,312 | +81.5% |
| Fixed assets | 21/28 | €3,343 | €7,150 | +€3,807 | +114% |
| Tangible fixed assets | 22/27 | €3,293 | €7,100 | +€3,807 | +116% |
| Furniture and vehicles | 24 | €3,293 | €7,100 | +€3,807 | +116% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €30,186 | €53,691 | +€23,505 | +77.9% |
| Amounts receivable within one year | 40/41 | €29,315 | €51,782 | +€22,467 | +76.6% |
| Trade receivables | 40 | €18,428 | €38,308 | +€19,880 | +108% |
| Other amounts receivable | 41 | €10,887 | €13,475 | +€2,587 | +23.8% |
| Cash at bank and in hand | 54/58 | €871 | €1,593 | +€722 | +83.0% |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €33,529 | €60,841 | +€27,312 | +81.5% |
| Equity | 10/15 | €21,279 | €27,559 | +€6,280 | +29.5% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €13,219 | €19,499 | +€6,280 | +47.5% |
| Amounts payable | 17/49 | €12,250 | €33,282 | +€21,032 | +172% |
| Amounts payable within one year | 42/48 | €12,250 | €33,282 | +€21,032 | +172% |
| Trade debts | 44 | €8,140 | €24,982 | +€16,842 | +207% |
| Suppliers | 440/4 | €8,140 | €24,982 | +€16,842 | +207% |
| Taxes, remuneration and social security | 45 | €4,110 | €8,300 | +€4,190 | +102% |
| Taxes | 450/3 | €240 | €2,900 | +€2,660 | +1,108% |
| Remuneration and social security | 454/9 | €3,870 | €5,400 | +€1,530 | +39.5% |
| Non-recurring operating income | 76A | €13,941 | €2,348 | -€11,593 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,793 | €1,955 | -€838 | -30.0% |
| Other operating charges | 640/8 | €1,383 | €1,747 | +€364 | +26.3% |
| Gross operating margin | 9900 | €1,837 | €13,988 | +€12,151 | +661% |
| Operating profit (loss) | 9901 | -€2,339 | €10,286 | +€12,625 | |
| Financial income | 75/76B | €320 | €431 | +€111 | +34.7% |
| Recurring financial income | 75 | €320 | €431 | +€111 | +34.7% |
| Financial charges | 65/66B | €1,135 | €1,405 | +€270 | +23.8% |
| Recurring financial charges | 65 | €1,135 | €1,405 | +€270 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,153 | €9,313 | +€12,466 | |
| Income taxes | 67/77 | €605 | €3,033 | +€2,428 | +401% |
| Profit (loss) for the period | 9904 | -€3,759 | €6,280 | +€10,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,759 | €6,280 | +€10,038 |
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 3 November 2026 via checked.be.