FIRMITAS: 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.
FIRMITAS
Largest movements
- Cash +€23,326
up €23,326 (+12.7%), from €183,520 to €206,846
mainly Other debts (+€63,671) and Net result for the year (+€57,989)
- Receivables within one year +€16,695
up €16,695 (+187%), from €8,916 to €25,610
of which Trade receivables: +€21,490
- Tangible fixed assets +€6,005
up €6,005 (+318%), from €1,889 to €7,895
of which Other tangible fixed assets: +€6,228
- Reserves -€67,781
down €67,781 (-48.7%), from €139,184 to €71,402
- Other debts +€63,671
up €63,671 (+261%), from €24,439 to €88,111
- Profit (loss) carried forward +€57,989
up €57,989, from €0 to €57,989
- Tax, wage and social debts -€10,180
down €10,180 (-73.0%), from €13,948 to €3,767
of which Taxes: -€10,180
- Gross operating margin +€36,585
up €36,585 (+94.1%), from €38,877 to €75,461
- Taxes +€7,155
up €7,155 (+82.0%), from €8,723 to €15,877
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 | €197,024 | €241,616 | +€44,592 | +22.6% |
| Fixed assets | 21/28 | €1,889 | €7,895 | +€6,005 | +318% |
| Tangible fixed assets | 22/27 | €1,889 | €7,895 | +€6,005 | +318% |
| Plant, machinery and equipment | 23 | €607 | €384 | -€223 | -36.7% |
| Other tangible fixed assets | 26 | €1,282 | €7,510 | +€6,228 | +486% |
| Current assets | 29/58 | €195,135 | €233,721 | +€38,587 | +19.8% |
| Amounts receivable within one year | 40/41 | €8,916 | €25,610 | +€16,695 | +187% |
| Trade receivables | 40 | €0 | €21,490 | +€21,490 | |
| Other amounts receivable | 41 | €8,916 | €4,120 | -€4,796 | -53.8% |
| Cash at bank and in hand | 54/58 | €183,520 | €206,846 | +€23,326 | +12.7% |
| Deferred charges and accrued income | 490/1 | €2,699 | €1,265 | -€1,434 | -53.1% |
| Total equity and liabilities | 10/49 | €197,024 | €241,616 | +€44,592 | +22.6% |
| Equity | 10/15 | €157,784 | €147,991 | -€9,792 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,184 | €71,402 | -€67,781 | -48.7% |
| Distributable reserves | 133 | €139,184 | €71,402 | -€67,781 | -48.7% |
| Profit (loss) carried forward | 14 | €0 | €57,989 | +€57,989 | |
| Amounts payable | 17/49 | €39,240 | €93,625 | +€54,384 | +139% |
| Amounts payable within one year | 42/48 | €39,240 | €93,625 | +€54,384 | +139% |
| Trade debts | 44 | €854 | €1,747 | +€893 | +105% |
| Suppliers | 440/4 | €854 | €1,747 | +€893 | +105% |
| Taxes, remuneration and social security | 45 | €13,948 | €3,767 | -€10,180 | -73.0% |
| Taxes | 450/3 | €13,948 | €3,767 | -€10,180 | -73.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,439 | €88,111 | +€63,671 | +261% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | €506 | +€283 | +127% |
| Other operating charges | 640/8 | €1,219 | €858 | -€361 | -29.6% |
| Gross operating margin | 9900 | €38,877 | €75,461 | +€36,585 | +94.1% |
| Operating profit (loss) | 9901 | €37,435 | €74,098 | +€36,663 | +97.9% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €154 | €233 | +€79 | +51.5% |
| Recurring financial charges | 65 | €154 | €233 | +€79 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €37,281 | €73,866 | +€36,586 | +98.1% |
| Income taxes | 67/77 | €8,723 | €15,877 | +€7,155 | +82.0% |
| Profit (loss) for the period | 9904 | €28,558 | €57,989 | +€29,431 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €28,558 | €57,989 | +€29,431 | +103% |
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 27 October 2026 via checked.be.