FIRMEC: 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.
FIRMEC
Largest movements
- Tangible fixed assets -€34,970
down €34,970 (-34.0%), from €102,732 to €67,762
of which Furniture and vehicles: -€34,450
- Receivables within one year -€4,463
down €4,463 (-3.7%), from €119,675 to €115,212
of which Trade receivables: -€3,716
- Trade debts -€47,606
down €47,606 (-26.5%), from €179,717 to €132,111
- Tax, wage and social debts +€32,622
up €32,622, from €0 to €32,622
- Profit (loss) carried forward -€23,016
down €23,016 (-88.3%), from €26,079 to €3,064
- Taxes +€15,513
up €15,513 (+308%), from €5,039 to €20,552
- Gross operating margin -€13,822
down €13,822 (-16.7%), from €82,927 to €69,106
- Other operating charges +€10,907
up €10,907 (+44.8%), from €24,320 to €35,227
- Staff costs -€1,710
down €1,710 (-83.1%), from €2,057 to €348
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,542 | €222,543 | -€37,999 | -14.6% |
| Fixed assets | 21/28 | €110,307 | €75,337 | -€34,970 | -31.7% |
| Tangible fixed assets | 22/27 | €102,732 | €67,762 | -€34,970 | -34.0% |
| Plant, machinery and equipment | 23 | €1,950 | €1,430 | -€520 | -26.7% |
| Furniture and vehicles | 24 | €99,482 | €65,032 | -€34,450 | -34.6% |
| Assets under construction and advance payments | 27 | €1,300 | €1,300 | = | 0.0% |
| Financial fixed assets | 28 | €7,575 | €7,575 | = | 0.0% |
| Current assets | 29/58 | €150,235 | €147,206 | -€3,030 | -2.0% |
| Amounts receivable within one year | 40/41 | €119,675 | €115,212 | -€4,463 | -3.7% |
| Trade receivables | 40 | €106,670 | €102,955 | -€3,716 | -3.5% |
| Other amounts receivable | 41 | €13,005 | €12,257 | -€748 | -5.7% |
| Cash at bank and in hand | 54/58 | €30,560 | €30,560 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,434 | +€1,434 | |
| Total equity and liabilities | 10/49 | €260,542 | €222,543 | -€37,999 | -14.6% |
| Equity | 10/15 | €40,339 | €17,324 | -€23,016 | -57.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,079 | €3,064 | -€23,016 | -88.3% |
| Amounts payable | 17/49 | €220,203 | €205,219 | -€14,984 | -6.8% |
| Amounts payable within one year | 42/48 | €195,507 | €180,523 | -€14,984 | -7.7% |
| Trade debts | 44 | €179,717 | €132,111 | -€47,606 | -26.5% |
| Suppliers | 440/4 | €179,717 | €132,111 | -€47,606 | -26.5% |
| Advances received on contracts in progress | 46 | €15,790 | €15,790 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €32,622 | +€32,622 | |
| Taxes | 450/3 | €0 | €32,622 | +€32,622 | |
| Accrued charges and deferred income | 492/3 | €24,696 | €24,696 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,057 | €348 | -€1,710 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,735 | €35,820 | +€85 | +0.2% |
| Other operating charges | 640/8 | €24,320 | €35,227 | +€10,907 | +44.8% |
| Gross operating margin | 9900 | €82,927 | €69,106 | -€13,822 | -16.7% |
| Operating profit (loss) | 9901 | €20,815 | -€2,289 | -€23,104 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €667 | €175 | -€493 | -73.8% |
| Recurring financial charges | 65 | €667 | €175 | -€493 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €20,156 | -€2,464 | -€22,620 | |
| Income taxes | 67/77 | €5,039 | €20,552 | +€15,513 | +308% |
| Profit (loss) for the period | 9904 | €15,117 | -€23,016 | -€38,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,117 | -€23,016 | -€38,132 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.