FIRMAMENTUM: 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.
FIRMAMENTUM
Largest movements
- Tangible fixed assets +€23,623
up €23,623 (+568%), from €4,162 to €27,785
of which Furniture and vehicles: +€19,284
- Cash +€13,687
up €13,687 (+108%), from €12,660 to €26,347
mainly Debts after one year (+€16,621) and Trade debts (+€10,061)
- Deferred charges and accrued income +€6,834
up €6,834 (+266%), from €2,574 to €9,407
- Intangible fixed assets -€4,414
no longer reported in 2025 (was €4,414)
- Receivables within one year -€1,082
down €1,082 (-5.7%), from €19,123 to €18,041
of which Trade receivables: -€4,515
- Debts after one year +€16,621
up €16,621 (+652%), from €2,550 to €19,171
- Trade debts +€10,061
up €10,061 (+143%), from €7,034 to €17,095
- Tax, wage and social debts +€8,350
up €8,350 (+218%), from €3,825 to €12,175
of which Remuneration and social security: +€8,279
- Current portion of long-term debt +€5,600
new in 2025: €5,600
- Profit (loss) carried forward -€2,645
down €2,645 (-45.4%), from -€5,822 to -€8,468
- Staff costs +€29,909
new in 2025: €29,909
- Gross operating margin +€16,439
up €16,439 (+73.1%), from €22,498 to €38,937
- Depreciation -€2,893
down €2,893 (-24.8%), from €11,666 to €8,773
- Write-downs -€1,193
no longer reported in 2025 (was €1,193)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,933 | €81,580 | +€38,648 | +90.0% |
| Fixed assets | 21/28 | €8,576 | €27,785 | +€19,209 | +224% |
| Intangible fixed assets | 21 | €4,414 | - | -€4,414 | |
| Tangible fixed assets | 22/27 | €4,162 | €27,785 | +€23,623 | +568% |
| Plant, machinery and equipment | 23 | €162 | €4,501 | +€4,339 | +2,682% |
| Furniture and vehicles | 24 | €4,000 | €23,284 | +€19,284 | +482% |
| Current assets | 29/58 | €34,357 | €53,795 | +€19,438 | +56.6% |
| Amounts receivable within one year | 40/41 | €19,123 | €18,041 | -€1,082 | -5.7% |
| Trade receivables | 40 | €14,698 | €10,183 | -€4,515 | -30.7% |
| Other amounts receivable | 41 | €4,425 | €7,858 | +€3,433 | +77.6% |
| Cash at bank and in hand | 54/58 | €12,660 | €26,347 | +€13,687 | +108% |
| Deferred charges and accrued income | 490/1 | €2,574 | €9,407 | +€6,834 | +266% |
| Total equity and liabilities | 10/49 | €42,933 | €81,580 | +€38,648 | +90.0% |
| Equity | 10/15 | €29,390 | €26,745 | -€2,645 | -9.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €29,213 | €29,213 | = | 0.0% |
| Distributable reserves | 133 | €29,213 | €29,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,822 | -€8,468 | -€2,645 | -45.4% |
| Amounts payable | 17/49 | €13,542 | €54,835 | +€41,293 | +305% |
| Amounts payable after more than one year | 17 | €2,550 | €19,171 | +€16,621 | +652% |
| Financial debts | 170/4 | €2,550 | €19,171 | +€16,621 | +652% |
| Amounts payable within one year | 42/48 | €10,992 | €35,664 | +€24,672 | +224% |
| Current portion of amounts payable after more than one year | 42 | - | €5,600 | +€5,600 | |
| Trade debts | 44 | €7,034 | €17,095 | +€10,061 | +143% |
| Suppliers | 440/4 | €7,034 | €17,095 | +€10,061 | +143% |
| Taxes, remuneration and social security | 45 | €3,825 | €12,175 | +€8,350 | +218% |
| Taxes | 450/3 | €3,825 | €3,896 | +€71 | +1.9% |
| Remuneration and social security | 454/9 | - | €8,279 | +€8,279 | |
| Other amounts payable | 47/48 | €133 | €794 | +€661 | +498% |
| Remuneration, social security and pensions | 62 | - | €29,909 | +€29,909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,666 | €8,773 | -€2,893 | -24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,193 | - | -€1,193 | |
| Other operating charges | 640/8 | €1,780 | €2,155 | +€375 | +21.1% |
| Non-recurring operating charges | 66A | €126 | €190 | +€64 | +50.8% |
| Gross operating margin | 9900 | €22,498 | €38,937 | +€16,439 | +73.1% |
| Operating profit (loss) | 9901 | €7,733 | -€2,091 | -€9,824 | |
| Financial income | 75/76B | €24 | €81 | +€57 | +236% |
| Recurring financial income | 75 | €24 | €81 | +€57 | +236% |
| Financial charges | 65/66B | €702 | €635 | -€67 | -9.5% |
| Recurring financial charges | 65 | €702 | €635 | -€67 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €7,055 | -€2,645 | -€9,700 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €7,055 | -€2,645 | -€9,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,055 | -€2,645 | -€9,700 |
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 21 October 2026 via checked.be.