FIRMWARE: 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.
FIRMWARE
Largest movements
- Receivables within one year +€27,338
up €27,338 (+153.2%), from €17,844 to €45,182
of which Trade receivables: +€27,343
- Tangible fixed assets -€11,690
down €11,690 (-63.5%), from €18,400 to €6,710
of which Plant, machinery and equipment: -€9,211
- Cash +€3,176
up €3,176 (+69.6%), from €4,563 to €7,739
mainly Trade debts (+€25,252) and Depreciation (+€13,373)
- Trade debts +€25,252
up €25,252 (+162.9%), from €15,502 to €40,754
- Other debts -€14,705
down €14,705 (-92.5%), from €15,890 to €1,184
- Profit (loss) carried forward +€4,749
up €4,749 (+65.9%), from €7,211 to €11,960
- Tax, wage and social debts +€3,466
new in 2025: €3,466
of which Remuneration and social security: +€1,915
- Depreciation -€3,137
down €3,137 (-19.0%), from €16,510 to €13,373
- Staff costs +€2,213
new in 2025: €2,213
- Financial charges +€1,000
up €1,000 (+43.9%), from €2,276 to €3,276
- Taxes +€589
new in 2025: €589
- Other operating charges -€548
down €548 (-47.7%), from €1,149 to €601
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 | €41,711 | €60,473 | +€18,762 | +45.0% |
| Fixed assets | 21/28 | €18,400 | €6,710 | -€11,690 | -63.5% |
| Tangible fixed assets | 22/27 | €18,400 | €6,710 | -€11,690 | -63.5% |
| Plant, machinery and equipment | 23 | €13,441 | €4,231 | -€9,211 | -68.5% |
| Furniture and vehicles | 24 | €4,959 | €2,479 | -€2,479 | -50.0% |
| Current assets | 29/58 | €23,311 | €53,763 | +€30,452 | +130.6% |
| Stocks and contracts in progress | 3 | €904 | €841 | -€62 | -6.9% |
| Stocks | 30/36 | €904 | €841 | -€62 | -6.9% |
| Amounts receivable within one year | 40/41 | €17,844 | €45,182 | +€27,338 | +153.2% |
| Trade receivables | 40 | €17,839 | €45,182 | +€27,343 | +153.3% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €4,563 | €7,739 | +€3,176 | +69.6% |
| Total equity and liabilities | 10/49 | €41,711 | €60,473 | +€18,762 | +45.0% |
| Equity | 10/15 | €10,320 | €15,068 | +€4,749 | +46.0% |
| Contributions | 10/11 | €3,109 | €3,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,211 | €11,960 | +€4,749 | +65.9% |
| Amounts payable | 17/49 | €31,391 | €45,405 | +€14,013 | +44.6% |
| Amounts payable within one year | 42/48 | €31,391 | €45,405 | +€14,013 | +44.6% |
| Trade debts | 44 | €15,502 | €40,754 | +€25,252 | +162.9% |
| Suppliers | 440/4 | €15,502 | €40,754 | +€25,252 | +162.9% |
| Taxes, remuneration and social security | 45 | - | €3,466 | +€3,466 | |
| Taxes | 450/3 | - | €1,551 | +€1,551 | |
| Remuneration and social security | 454/9 | - | €1,915 | +€1,915 | |
| Other amounts payable | 47/48 | €15,890 | €1,184 | -€14,705 | -92.5% |
| Remuneration, social security and pensions | 62 | - | €2,213 | +€2,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,510 | €13,373 | -€3,137 | -19.0% |
| Other operating charges | 640/8 | €1,149 | €601 | -€548 | -47.7% |
| Gross operating margin | 9900 | €25,322 | €24,800 | -€522 | -2.1% |
| Operating profit (loss) | 9901 | €7,663 | €8,613 | +€950 | +12.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,276 | €3,276 | +€1,000 | +43.9% |
| Recurring financial charges | 65 | €2,276 | €3,276 | +€1,000 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €5,387 | €5,338 | -€49 | -0.9% |
| Income taxes | 67/77 | - | €589 | +€589 | |
| Profit (loss) for the period | 9904 | €5,387 | €4,749 | -€638 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,387 | €4,749 | -€638 | -11.8% |
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 10 October 2026 via checked.be.