F.A.M.: 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.
F.A.M.
Largest movements
- Financial fixed assets -€38,550
down €38,550 (-20.1%), from €191,328 to €152,778
- Cash -€22,105
down €22,105 (-46.2%), from €47,891 to €25,787
mainly Other debts (-€56,000) and Net result for the year (-€23,244)
- Receivables within one year -€21,156
down €21,156 (-82.7%), from €25,575 to €4,420
of which Trade receivables: -€16,500
- Tangible fixed assets -€5,227
down €5,227 (-26.5%), from €19,752 to €14,525
of which Land and buildings: -€2,762
- Other debts -€56,000
no longer reported in 2025 (was €56,000)
- Profit (loss) carried forward -€23,244
down €23,244 (-116%), from -€19,962 to -€43,205
- Trade debts -€3,550
down €3,550 (-94.4%), from €3,762 to €212
- Gross operating margin -€5,804
down €5,804 (-37.2%), from -€15,616 to -€21,421
- Other operating charges -€5,549
down €5,549 (-86.4%), from €6,421 to €872
- Write-downs +€5,500
no longer reported in 2025 (was -€5,500)
- Financial charges -€1,815
down €1,815 (-97.7%), from €1,857 to €42
- Financial income +€1,025
up €1,025 (+19.4%), from €5,281 to €6,306
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 | €289,577 | €204,296 | -€85,281 | -29.5% |
| Fixed assets | 21/28 | €211,080 | €167,303 | -€43,777 | -20.7% |
| Tangible fixed assets | 22/27 | €19,752 | €14,525 | -€5,227 | -26.5% |
| Land and buildings | 22 | €8,374 | €5,612 | -€2,762 | -33.0% |
| Furniture and vehicles | 24 | €11,378 | €8,913 | -€2,465 | -21.7% |
| Financial fixed assets | 28 | €191,328 | €152,778 | -€38,550 | -20.1% |
| Current assets | 29/58 | €78,497 | €36,994 | -€41,504 | -52.9% |
| Amounts receivable within one year | 40/41 | €25,575 | €4,420 | -€21,156 | -82.7% |
| Trade receivables | 40 | €16,500 | - | -€16,500 | |
| Other amounts receivable | 41 | €9,075 | €4,420 | -€4,656 | -51.3% |
| Current investments | 50/53 | €3,505 | €3,505 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,891 | €25,787 | -€22,105 | -46.2% |
| Deferred charges and accrued income | 490/1 | €1,526 | €3,282 | +€1,757 | +115% |
| Total equity and liabilities | 10/49 | €289,577 | €204,296 | -€85,281 | -29.5% |
| Equity | 10/15 | €227,287 | €204,043 | -€23,244 | -10.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €227,248 | €227,248 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €225,248 | €225,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,962 | -€43,205 | -€23,244 | -116% |
| Amounts payable | 17/49 | €62,291 | €254 | -€62,037 | -99.6% |
| Amounts payable within one year | 42/48 | €61,772 | €212 | -€61,560 | -99.7% |
| Trade debts | 44 | €3,762 | €212 | -€3,550 | -94.4% |
| Suppliers | 440/4 | €3,762 | €212 | -€3,550 | -94.4% |
| Taxes, remuneration and social security | 45 | €2,011 | - | -€2,011 | |
| Taxes | 450/3 | €2,011 | - | -€2,011 | |
| Other amounts payable | 47/48 | €56,000 | - | -€56,000 | |
| Accrued charges and deferred income | 492/3 | €518 | €42 | -€476 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,848 | €7,215 | +€367 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,500 | - | +€5,500 | |
| Other operating charges | 640/8 | €6,421 | €872 | -€5,549 | -86.4% |
| Gross operating margin | 9900 | -€15,616 | -€21,421 | -€5,804 | -37.2% |
| Operating profit (loss) | 9901 | -€23,386 | -€29,508 | -€6,122 | -26.2% |
| Financial income | 75/76B | €5,281 | €6,306 | +€1,025 | +19.4% |
| Recurring financial income | 75 | €5,281 | €6,306 | +€1,025 | +19.4% |
| Financial charges | 65/66B | €1,857 | €42 | -€1,815 | -97.7% |
| Recurring financial charges | 65 | €1,857 | €42 | -€1,815 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,962 | -€23,244 | -€3,282 | -16.4% |
| Profit (loss) for the period | 9904 | -€19,962 | -€23,244 | -€3,282 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,962 | -€23,244 | -€3,282 | -16.4% |
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 13 October 2026 via checked.be.