F.M. 61: 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.M. 61
Largest movements
- Receivables within one year +€83,119
up €83,119 (+84.7%), from €98,172 to €181,291
of which Trade receivables: +€91,667
- Cash -€51,645
down €51,645 (-76.4%), from €67,589 to €15,944
mainly Receivables within one year (-€83,119) and Net result for the year (-€11,214)
- Stocks and contracts +€5,143
up €5,143 (+2.6%), from €201,119 to €206,262
- Trade debts +€32,966
up €32,966 (+22.9%), from €144,222 to €177,188
- Other debts +€18,276
up €18,276 (+18.3%), from €99,907 to €118,183
- Profit (loss) carried forward -€11,214
down €11,214 (-104%), from -€10,770 to -€21,984
- Tax, wage and social debts -€4,896
down €4,896 (-44.3%), from €11,049 to €6,154
of which Taxes: -€9,396
- Gross operating margin -€12,696
down €12,696, from €2,418 to -€10,279
- Other operating charges -€9,614
down €9,614 (-99.0%), from €9,707 to €93
- Taxes +€1,556
no longer reported in 2024 (was -€1,556)
- Financial charges -€455
down €455 (-53.0%), from €857 to €403
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,030 | €405,161 | +€35,131 | +9.5% |
| Fixed assets | 21/28 | €1,725 | €1,285 | -€440 | -25.5% |
| Tangible fixed assets | 22/27 | €1,632 | €1,192 | -€440 | -27.0% |
| Furniture and vehicles | 24 | €1,632 | €1,192 | -€440 | -27.0% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €368,305 | €403,876 | +€35,571 | +9.7% |
| Stocks and contracts in progress | 3 | €201,119 | €206,262 | +€5,143 | +2.6% |
| Stocks | 30/36 | €201,119 | €206,262 | +€5,143 | +2.6% |
| Amounts receivable within one year | 40/41 | €98,172 | €181,291 | +€83,119 | +84.7% |
| Trade receivables | 40 | €88,007 | €179,674 | +€91,667 | +104% |
| Other amounts receivable | 41 | €10,165 | €1,617 | -€8,548 | -84.1% |
| Cash at bank and in hand | 54/58 | €67,589 | €15,944 | -€51,645 | -76.4% |
| Deferred charges and accrued income | 490/1 | €1,426 | €380 | -€1,046 | -73.3% |
| Total equity and liabilities | 10/49 | €370,030 | €405,161 | +€35,131 | +9.5% |
| Equity | 10/15 | €114,851 | €103,637 | -€11,214 | -9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,421 | €119,421 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,392 | €2,392 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,392 | €2,392 | = | 0.0% |
| Distributable reserves | 133 | €117,029 | €117,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,770 | -€21,984 | -€11,214 | -104% |
| Amounts payable | 17/49 | €255,179 | €301,525 | +€46,346 | +18.2% |
| Amounts payable within one year | 42/48 | €255,179 | €301,525 | +€46,346 | +18.2% |
| Trade debts | 44 | €144,222 | €177,188 | +€32,966 | +22.9% |
| Suppliers | 440/4 | €144,222 | €177,188 | +€32,966 | +22.9% |
| Taxes, remuneration and social security | 45 | €11,049 | €6,154 | -€4,896 | -44.3% |
| Taxes | 450/3 | €9,549 | €154 | -€9,396 | -98.4% |
| Remuneration and social security | 454/9 | €1,500 | €6,000 | +€4,500 | +300% |
| Other amounts payable | 47/48 | €99,907 | €118,183 | +€18,276 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €440 | = | 0.0% |
| Other operating charges | 640/8 | €9,707 | €93 | -€9,614 | -99.0% |
| Non-recurring operating charges | 66A | €260 | - | -€260 | |
| Gross operating margin | 9900 | €2,418 | -€10,279 | -€12,696 | |
| Operating profit (loss) | 9901 | -€7,989 | -€10,812 | -€2,822 | -35.3% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €857 | €403 | -€455 | -53.0% |
| Recurring financial charges | 65 | €857 | €403 | -€455 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,831 | -€11,214 | -€2,384 | -27.0% |
| Income taxes | 67/77 | -€1,556 | - | +€1,556 | |
| Profit (loss) for the period | 9904 | -€7,274 | -€11,214 | -€3,940 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,274 | -€11,214 | -€3,940 | -54.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.