FIRMWARE LABS: 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 LABS
Largest movements
- Current assets +€210,578
up €210,578 (+154.9%), from €135,932 to €346,510
of which Receivables within one year: +€237,153
- Financial fixed assets -€109,210
down €109,210 (-99.8%), from €109,390 to €180
- Equity +€196,474
up €196,474 (+144.6%), from €135,891 to €332,365
of which Reserves: +€196,474
- Debts within one year -€98,083
down €98,083 (-87.3%), from €112,408 to €14,325
of which Trade debts: -€57,214
- Financial income +€202,924
new in 2021: €202,924
- Gross operating margin -€28,208
down €28,208, from €24,735 to -€3,472
- Taxes -€5,862
no longer reported in 2021 (was €5,862)
- Depreciation -€3,117
no longer reported in 2021 (was €3,117)
- Other operating charges +€1,999
new in 2021: €1,999
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,300 | €346,690 | +€98,390 | +39.6% |
| Fixed assets | 21/28 | €112,368 | €180 | -€112,188 | -99.8% |
| Tangible fixed assets | 22/27 | €2,978 | - | -€2,978 | |
| Financial fixed assets | 28 | €109,390 | €180 | -€109,210 | -99.8% |
| Current assets | 29/58 | €135,932 | €346,510 | +€210,578 | +154.9% |
| Amounts receivable within one year | 40/41 | €94,724 | €331,878 | +€237,153 | +250.4% |
| Other amounts receivable | 41 | - | €331,878 | +€331,878 | |
| Cash at bank and in hand | 54/58 | €38,431 | €14,434 | -€23,997 | -62.4% |
| Deferred charges and accrued income | 490/1 | - | €198 | +€198 | |
| Total equity and liabilities | 10/49 | €248,300 | €346,690 | +€98,390 | +39.6% |
| Equity | 10/15 | €135,891 | €332,365 | +€196,474 | +144.6% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €129,691 | €326,165 | +€196,474 | +151.5% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €324,305 | +€324,305 | |
| Amounts payable | 17/49 | €112,408 | €14,325 | -€98,083 | -87.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €112,408 | €14,325 | -€98,083 | -87.3% |
| Trade debts | 44 | €57,405 | €191 | -€57,214 | -99.7% |
| Suppliers | 440/4 | - | €191 | +€191 | |
| Taxes, remuneration and social security | 45 | - | €141 | +€141 | |
| Taxes | 450/3 | - | €141 | +€141 | |
| Other amounts payable | 47/48 | - | €13,993 | +€13,993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,117 | - | -€3,117 | |
| Other operating charges | 640/8 | - | €1,999 | +€1,999 | |
| Non-recurring operating charges | 66A | - | €657 | +€657 | |
| Gross operating margin | 9900 | €24,735 | -€3,472 | -€28,208 | |
| Operating profit (loss) | 9901 | €20,239 | -€6,129 | -€26,368 | |
| Financial income | 75/76B | - | €202,924 | +€202,924 | |
| Recurring financial income | 75 | €0 | €202,924 | +€202,924 | |
| Financial charges | 65/66B | - | €321 | +€321 | |
| Recurring financial charges | 65 | €424 | €321 | -€103 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €19,815 | €196,474 | +€176,659 | +891.5% |
| Income taxes | 67/77 | €5,862 | - | -€5,862 | |
| Profit (loss) for the period | 9904 | €13,953 | €196,474 | +€182,520 | +1308.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,953 | €196,474 | +€182,520 | +1308.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.