FIRMTECH: 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.
FIRMTECH
Largest movements
- Tangible fixed assets +€27,132
up €27,132 (+97.3%), from €27,876 to €55,008
of which Furniture and vehicles: +€27,444
- Receivables within one year +€16,668
up €16,668 (+299.3%), from €5,569 to €22,237
of which Trade receivables: +€11,357
- Current investments +€6,000
up €6,000 (+300.0%), from €2,000 to €8,000
- Cash -€4,931
down €4,931 (-58.1%), from €8,486 to €3,555
mainly Investment in fixed assets (net) (-€39,845) and Receivables within one year (-€16,668)
- Stocks and contracts +€1,570
up €1,570 (+57.9%), from €2,711 to €4,281
- Reserves +€23,898
up €23,898 (+224.7%), from €10,636 to €34,534
- Debts after one year +€13,333
up €13,333 (+93.2%), from €14,310 to €27,643
- Current portion of long-term debt +€4,738
up €4,738 (+81.8%), from €5,793 to €10,531
- Trade debts +€3,177
up €3,177 (+37.5%), from €8,475 to €11,652
- Tax, wage and social debts +€1,206
up €1,206 (+48.0%), from €2,514 to €3,720
- Gross operating margin +€19,916
up €19,916 (+82.0%), from €24,291 to €44,207
- Taxes +€3,281
up €3,281 (+135.8%), from €2,416 to €5,697
- Depreciation +€1,978
up €1,978 (+18.2%), from €10,854 to €12,832
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 | €46,761 | €93,080 | +€46,320 | +99.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €27,995 | €55,008 | +€27,013 | +96.5% |
| Tangible fixed assets | 22/27 | €27,876 | €55,008 | +€27,132 | +97.3% |
| Plant, machinery and equipment | 23 | €937 | €625 | -€312 | -33.3% |
| Furniture and vehicles | 24 | €26,939 | €54,383 | +€27,444 | +101.9% |
| Financial fixed assets | 28 | €119 | €0 | -€119 | -100.0% |
| Current assets | 29/58 | €18,766 | €38,072 | +€19,307 | +102.9% |
| Stocks and contracts in progress | 3 | €2,711 | €4,281 | +€1,570 | +57.9% |
| Stocks | 30/36 | €2,711 | €4,281 | +€1,570 | +57.9% |
| Amounts receivable within one year | 40/41 | €5,569 | €22,237 | +€16,668 | +299.3% |
| Trade receivables | 40 | €1,324 | €12,681 | +€11,357 | +857.4% |
| Other amounts receivable | 41 | €4,244 | €9,556 | +€5,312 | +125.2% |
| Current investments | 50/53 | €2,000 | €8,000 | +€6,000 | +300.0% |
| Cash at bank and in hand | 54/58 | €8,486 | €3,555 | -€4,931 | -58.1% |
| Total equity and liabilities | 10/49 | €46,761 | €93,080 | +€46,320 | +99.1% |
| Equity | 10/15 | €15,636 | €39,534 | +€23,898 | +152.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,636 | €34,534 | +€23,898 | +224.7% |
| Distributable reserves | 133 | €10,636 | €34,534 | +€23,898 | +224.7% |
| Amounts payable | 17/49 | €31,125 | €53,546 | +€22,421 | +72.0% |
| Amounts payable after more than one year | 17 | €14,310 | €27,643 | +€13,333 | +93.2% |
| Financial debts | 170/4 | €14,310 | €27,643 | +€13,333 | +93.2% |
| Amounts payable within one year | 42/48 | €16,815 | €25,904 | +€9,089 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €5,793 | €10,531 | +€4,738 | +81.8% |
| Trade debts | 44 | €8,475 | €11,652 | +€3,177 | +37.5% |
| Suppliers | 440/4 | €8,475 | €11,652 | +€3,177 | +37.5% |
| Taxes, remuneration and social security | 45 | €2,514 | €3,720 | +€1,206 | +48.0% |
| Taxes | 450/3 | €2,514 | €3,720 | +€1,206 | +48.0% |
| Other amounts payable | 47/48 | €33 | €0 | -€33 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,854 | €12,832 | +€1,978 | +18.2% |
| Other operating charges | 640/8 | €1,135 | €1,481 | +€346 | +30.5% |
| Gross operating margin | 9900 | €24,291 | €44,207 | +€19,916 | +82.0% |
| Operating profit (loss) | 9901 | €12,302 | €29,894 | +€17,593 | +143.0% |
| Financial income | 75/76B | €386 | €366 | -€21 | -5.4% |
| Recurring financial income | 75 | €386 | €366 | -€21 | -5.4% |
| Financial charges | 65/66B | €606 | €665 | +€60 | +9.8% |
| Recurring financial charges | 65 | €606 | €665 | +€60 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €12,083 | €29,595 | +€17,512 | +144.9% |
| Income taxes | 67/77 | €2,416 | €5,697 | +€3,281 | +135.8% |
| Profit (loss) for the period | 9904 | €9,667 | €23,898 | +€14,232 | +147.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,667 | €23,898 | +€14,232 | +147.2% |
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.