FIRMIN SERVICES: 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.
FIRMIN SERVICES
Largest movements
- Cash -€28,624
down €28,624 (-71.0%), from €40,288 to €11,664
mainly Other debts (-€12,635) and Trade debts (-€11,918)
- Stocks and contracts +€5,230
up €5,230 (+530.4%), from €986 to €6,216
- Receivables within one year -€1,716
down €1,716 (-1.8%), from €93,407 to €91,691
of which Trade receivables: -€6,421
- Other debts -€12,635
down €12,635 (-36.5%), from €34,636 to €22,001
- Trade debts -€11,918
down €11,918 (-19.4%), from €61,300 to €49,382
- Staff costs +€2,379
new in 2025: €2,379
- Gross operating margin -€1,092
down €1,092 (-20.7%), from €5,280 to €4,187
- Taxes -€856
down €856 (-76.9%), from €1,114 to €257
- Depreciation -€767
no longer reported in 2025 (was €767)
- Other operating charges -€79
down €79 (-15.6%), from €507 to €428
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 | €134,681 | €109,570 | -€25,111 | -18.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €134,681 | €109,570 | -€25,111 | -18.6% |
| Stocks and contracts in progress | 3 | €986 | €6,216 | +€5,230 | +530.4% |
| Stocks | 30/36 | €986 | €6,216 | +€5,230 | +530.4% |
| Amounts receivable within one year | 40/41 | €93,407 | €91,691 | -€1,716 | -1.8% |
| Trade receivables | 40 | €93,218 | €86,797 | -€6,421 | -6.9% |
| Other amounts receivable | 41 | €189 | €4,894 | +€4,705 | +2487.9% |
| Cash at bank and in hand | 54/58 | €40,288 | €11,664 | -€28,624 | -71.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €134,681 | €109,570 | -€25,111 | -18.6% |
| Equity | 10/15 | €36,282 | €36,816 | +€534 | +1.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €402 | €402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €402 | €402 | = | 0.0% |
| Reserves not available under the articles | 1311 | €402 | €402 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,894 | €5,428 | +€534 | +10.9% |
| Amounts payable | 17/49 | €98,399 | €72,754 | -€25,645 | -26.1% |
| Amounts payable within one year | 42/48 | €98,399 | €72,754 | -€25,645 | -26.1% |
| Financial debts | 43 | €35 | €0 | -€35 | -100.0% |
| Credit institutions | 430/8 | €35 | €0 | -€35 | -100.0% |
| Trade debts | 44 | €61,300 | €49,382 | -€11,918 | -19.4% |
| Suppliers | 440/4 | €61,300 | €49,382 | -€11,918 | -19.4% |
| Taxes, remuneration and social security | 45 | €2,428 | €1,371 | -€1,057 | -43.5% |
| Taxes | 450/3 | €2,428 | €1,371 | -€1,057 | -43.5% |
| Other amounts payable | 47/48 | €34,636 | €22,001 | -€12,635 | -36.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | - | €2,379 | +€2,379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €767 | - | -€767 | |
| Other operating charges | 640/8 | €507 | €428 | -€79 | -15.6% |
| Gross operating margin | 9900 | €5,280 | €4,187 | -€1,092 | -20.7% |
| Operating profit (loss) | 9901 | €4,006 | €1,380 | -€2,626 | -65.5% |
| Financial income | 75/76B | €20 | €68 | +€48 | +246.1% |
| Recurring financial income | 75 | €20 | €68 | +€48 | +246.1% |
| Financial charges | 65/66B | €625 | €656 | +€31 | +5.0% |
| Recurring financial charges | 65 | €552 | €634 | +€82 | +14.8% |
| Non-recurring financial charges | 66B | €73 | €23 | -€51 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €3,400 | €792 | -€2,609 | -76.7% |
| Income taxes | 67/77 | €1,114 | €257 | -€856 | -76.9% |
| Profit (loss) for the period | 9904 | €2,287 | €534 | -€1,752 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,287 | €534 | -€1,752 | -76.6% |
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 6 October 2026 via checked.be.