F.B.M.: 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.
F.B.M.
Largest movements
- Tangible fixed assets +€278,932
up €278,932 (+11.6%), from €2.4m to €2.7m
of which Plant, machinery and equipment: +€293,246
- Cash -€108,094
down €108,094 (-88.5%), from €122,138 to €14,044
mainly Investment in fixed assets (net) (-€419,318) and Receivables within one year (-€38,785)
- Receivables within one year +€38,785
up €38,785 (+7.2%), from €540,407 to €579,193
of which Trade receivables: +€37,070
- Other debts +€108,127
up €108,127 (+27.6%), from €392,305 to €500,431
- Reserves +€62,597
up €62,597 (+9.6%), from €654,113 to €716,710
- Depreciation +€19,987
up €19,987 (+16.6%), from €120,400 to €140,387
- Taxes +€7,864
up €7,864 (+1781.9%), from €441 to €8,305
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 | €3,096,228 | €3,285,357 | +€189,129 | +6.1% |
| Fixed assets | 21/28 | €2,404,496 | €2,683,428 | +€278,932 | +11.6% |
| Tangible fixed assets | 22/27 | €2,404,496 | €2,683,428 | +€278,932 | +11.6% |
| Land and buildings | 22 | €2,175,008 | €2,158,370 | -€16,638 | -0.8% |
| Plant, machinery and equipment | 23 | €229,488 | €522,734 | +€293,246 | +127.8% |
| Furniture and vehicles | 24 | - | €2,324 | +€2,324 | |
| Current assets | 29/58 | €691,732 | €601,929 | -€89,803 | -13.0% |
| Amounts receivable within one year | 40/41 | €540,407 | €579,193 | +€38,785 | +7.2% |
| Trade receivables | 40 | €540,296 | €577,365 | +€37,070 | +6.9% |
| Other amounts receivable | 41 | €112 | €1,827 | +€1,715 | +1533.4% |
| Current investments | 50/53 | €5,310 | €5,310 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,138 | €14,044 | -€108,094 | -88.5% |
| Deferred charges and accrued income | 490/1 | €23,876 | €3,382 | -€20,494 | -85.8% |
| Total equity and liabilities | 10/49 | €3,096,228 | €3,285,357 | +€189,129 | +6.1% |
| Equity | 10/15 | €837,554 | €900,152 | +€62,597 | +7.5% |
| Contributions | 10/11 | €183,441 | €183,441 | = | 0.0% |
| Reserves | 13 | €654,113 | €716,710 | +€62,597 | +9.6% |
| Distributable reserves | 133 | €654,113 | €716,710 | +€62,597 | +9.6% |
| Amounts payable | 17/49 | €2,258,673 | €2,385,205 | +€126,532 | +5.6% |
| Amounts payable after more than one year | 17 | €1,423,135 | €1,423,135 | = | 0.0% |
| Financial debts | 170/4 | €1,421,500 | €1,421,500 | = | 0.0% |
| Other amounts payable | 178/9 | €1,635 | €1,635 | = | 0.0% |
| Amounts payable within one year | 42/48 | €423,657 | €552,167 | +€128,509 | +30.3% |
| Trade debts | 44 | €24,986 | €39,063 | +€14,076 | +56.3% |
| Suppliers | 440/4 | €24,986 | €39,063 | +€14,076 | +56.3% |
| Taxes, remuneration and social security | 45 | €6,366 | €12,672 | +€6,306 | +99.1% |
| Taxes | 450/3 | €6,366 | €12,672 | +€6,306 | +99.1% |
| Other amounts payable | 47/48 | €392,305 | €500,431 | +€108,127 | +27.6% |
| Accrued charges and deferred income | 492/3 | €411,881 | €409,903 | -€1,978 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,400 | €140,387 | +€19,987 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53 | - | -€53 | |
| Other operating charges | 640/8 | €106,749 | €109,657 | +€2,908 | +2.7% |
| Gross operating margin | 9900 | €331,745 | €331,675 | -€71 | 0.0% |
| Operating profit (loss) | 9901 | €104,544 | €81,630 | -€22,913 | -21.9% |
| Financial income | 75/76B | €1,847 | €452 | -€1,395 | -75.5% |
| Recurring financial income | 75 | €1,847 | €452 | -€1,395 | -75.5% |
| Financial charges | 65/66B | €10,952 | €11,180 | +€228 | +2.1% |
| Recurring financial charges | 65 | €10,952 | €11,180 | +€228 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €95,439 | €70,903 | -€24,537 | -25.7% |
| Income taxes | 67/77 | €441 | €8,305 | +€7,864 | +1781.9% |
| Profit (loss) for the period | 9904 | €94,998 | €62,597 | -€32,401 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,998 | €62,597 | -€32,401 | -34.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.