F.A.M.: what changed
F.A.M.
Largest movements
- Receivables within one year -€112,801
down €112,801 (-99.8%), from €113,023 to €222
of which Trade receivables: -€80,724
- Cash -€45,883
down €45,883 (-30.3%), from €151,645 to €105,762
mainly Net result for the year (-€55,877) and Trade debts (-€50,198)
- Tangible fixed assets +€27,952
up €27,952 (+9.1%), from €307,731 to €335,683
of which Furniture and vehicles: +€40,660
- Profit (loss) carried forward -€55,877
down €55,877 (-4.9%), from -€1.1m to -€1.2m
- Trade debts -€50,198
down €50,198 (-74.2%), from €67,621 to €17,423
- Other debts -€20,339
down €20,339 (-3.0%), from €673,921 to €653,582
- Gross operating margin +€24,885
up €24,885 (+61.1%), from -€40,734 to -€15,849
- Other operating charges +€10,865
up €10,865 (+92.8%), from €11,708 to €22,573
- Depreciation +€860
up €860 (+5.6%), from €15,307 to €16,167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €749,257 | €617,985 | -€131,272 | -17.5% |
| Fixed assets | 21/28 | €307,981 | €335,933 | +€27,952 | +9.1% |
| Tangible fixed assets | 22/27 | €307,731 | €335,683 | +€27,952 | +9.1% |
| Land and buildings | 22 | €307,731 | €293,524 | -€14,207 | -4.6% |
| Plant, machinery and equipment | 23 | €0 | €1,499 | +€1,499 | |
| Furniture and vehicles | 24 | €0 | €40,660 | +€40,660 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €441,277 | €282,053 | -€159,224 | -36.1% |
| Stocks and contracts in progress | 3 | €176,068 | €176,068 | = | 0.0% |
| Stocks | 30/36 | €176,068 | €176,068 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,023 | €222 | -€112,801 | -99.8% |
| Trade receivables | 40 | €80,947 | €222 | -€80,724 | -99.7% |
| Other amounts receivable | 41 | €32,076 | €0 | -€32,076 | -100% |
| Cash at bank and in hand | 54/58 | €151,645 | €105,762 | -€45,883 | -30.3% |
| Deferred charges and accrued income | 490/1 | €540 | €0 | -€540 | -100% |
| Total equity and liabilities | 10/49 | €749,257 | €617,985 | -€131,272 | -17.5% |
| Equity | 10/15 | €200 | -€55,676 | -€55,877 | |
| Contributions | 10/11 | €1,150,000 | €1,150,000 | = | 0.0% |
| Capital | 10 | €1,150,000 | - | -€1.2m | |
| Issued capital | 100 | €1,150,000 | - | -€1.2m | |
| Profit (loss) carried forward | 14 | -€1,149,800 | -€1,205,676 | -€55,877 | -4.9% |
| Amounts payable | 17/49 | €749,057 | €673,662 | -€75,395 | -10.1% |
| Amounts payable within one year | 42/48 | €749,057 | €673,662 | -€75,395 | -10.1% |
| Trade debts | 44 | €67,621 | €17,423 | -€50,198 | -74.2% |
| Suppliers | 440/4 | €67,621 | €17,423 | -€50,198 | -74.2% |
| Taxes, remuneration and social security | 45 | €7,515 | €2,657 | -€4,858 | -64.6% |
| Taxes | 450/3 | €7,515 | €2,657 | -€4,858 | -64.6% |
| Other amounts payable | 47/48 | €673,921 | €653,582 | -€20,339 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,307 | €16,167 | +€860 | +5.6% |
| Other operating charges | 640/8 | €11,708 | €22,573 | +€10,865 | +92.8% |
| Gross operating margin | 9900 | -€40,734 | -€15,849 | +€24,885 | +61.1% |
| Operating profit (loss) | 9901 | -€67,750 | -€54,589 | +€13,160 | +19.4% |
| Financial charges | 65/66B | €696 | €1,060 | +€363 | +52.2% |
| Recurring financial charges | 65 | €696 | €1,060 | +€363 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | -€68,446 | -€55,649 | +€12,797 | +18.7% |
| Income taxes | 67/77 | €265 | €228 | -€37 | -14.0% |
| Profit (loss) for the period | 9904 | -€68,711 | -€55,877 | +€12,834 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,711 | -€55,877 | +€12,834 | +18.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.