F.M.K.: 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.
What changed
F.M.K.
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€238,181
2024 · €462,819-€224,637
Equity
€23.7m
2024 · €23.5m+€238,181
Cash
€74,024
2024 · €130,189-€56,165
Balance sheet total
€33.2m
2024 · €33.2m-€25,328
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€196,767
down €196,767 (-85.7%), from €229,580 to €32,813
- Write-downs +€27,609
new in 2025: €27,609
- Taxes +€11,442
up €11,442 (+13.2%), from €86,419 to €97,862
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.
Result 2024
€462,819
Gross operating margin
+€6,015
Depreciation
-€7,606
Write-downs
-€27,609
Other operating charges
-€5,493
Other operating items
-€5,214
Financial income
-€196,767
Financial charges
+€1,543
Taxes
-€11,442
Deferred taxes and other
+€21,937
Result 2025
€238,181
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.
From operations
+€419,301
Investment
-€173,102
Financing
-€302,363
Cash 2024
€130,189
From operations (derived)
+€419,301
Net result for the year
+€238,181
Depreciation
+€346,407
Receivables within one year
-€202,057
Deferred charges and accrued income
-€2,083
Provisions
-€86,682
Trade debts
+€36,605
Tax, wage and social debts
-€30,907
Other debts
+€119,565
Accrued charges and deferred income
+€273
Investment (derived)
-€173,102
Investment in fixed assets (net)
-€173,102
Financing
-€302,363
Debts after one year
-€173,197
Current portion of long-term debt
-€16,101
Short-term financial debts
-€113,066
Cash 2025
€74,024
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,218,733 | €33,193,404 | -€25,328 | -0.1% |
| Fixed assets | 21/28 | €29,625,824 | €29,452,519 | -€173,305 | -0.6% |
| Tangible fixed assets | 22/27 | €3,930,966 | €3,756,897 | -€174,070 | -4.4% |
| Land and buildings | 22 | €2,978,514 | €2,997,380 | +€18,866 | +0.6% |
| Plant, machinery and equipment | 23 | €952,453 | €759,517 | -€192,935 | -20.3% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100.0% |
| Financial fixed assets | 28 | €25,694,857 | €25,695,622 | +€765 | 0.0% |
| Current assets | 29/58 | €3,592,909 | €3,740,885 | +€147,976 | +4.1% |
| Amounts receivable after more than one year | 29 | €875,197 | €875,197 | = | 0.0% |
| Other amounts receivable | 291 | €875,197 | €875,197 | = | 0.0% |
| Stocks and contracts in progress | 3 | €642,913 | €642,913 | = | 0.0% |
| Stocks | 30/36 | €642,913 | €642,913 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,934,159 | €2,136,216 | +€202,057 | +10.4% |
| Trade receivables | 40 | €642,669 | €802,851 | +€160,182 | +24.9% |
| Other amounts receivable | 41 | €1,291,490 | €1,333,365 | +€41,875 | +3.2% |
| Cash at bank and in hand | 54/58 | €130,189 | €74,024 | -€56,165 | -43.1% |
| Deferred charges and accrued income | 490/1 | €10,452 | €12,535 | +€2,083 | +19.9% |
| Total equity and liabilities | 10/49 | €33,218,733 | €33,193,404 | -€25,328 | -0.1% |
| Equity | 10/15 | €23,507,399 | €23,745,580 | +€238,181 | +1.0% |
| Contributions | 10/11 | €8,915,000 | €8,915,000 | = | 0.0% |
| Capital | 10 | €8,915,000 | €8,915,000 | = | 0.0% |
| Issued capital | 100 | €8,915,000 | €8,915,000 | = | 0.0% |
| Reserves | 13 | €2,314,326 | €2,393,506 | +€79,180 | +3.4% |
| Non-distributable reserves | 130/1 | €891,500 | €891,500 | = | 0.0% |
| Legal reserve | 130 | €891,500 | €891,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €933,306 | €1,012,486 | +€79,180 | +8.5% |
| Distributable reserves | 133 | €489,520 | €489,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,278,073 | €12,437,074 | +€159,001 | +1.3% |
| Provisions and deferred taxes | 16 | €1,969,150 | €1,882,467 | -€86,682 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €1,842,905 | €1,758,874 | -€84,031 | -4.6% |
| Major repairs and maintenance | 162 | €150,000 | €150,000 | = | 0.0% |
| Environmental obligations | 163 | €150,000 | €150,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,542,905 | €1,458,874 | -€84,031 | -5.4% |
| Deferred taxes | 168 | €126,244 | €123,593 | -€2,651 | -2.1% |
| Amounts payable | 17/49 | €7,742,184 | €7,565,357 | -€176,828 | -2.3% |
| Amounts payable after more than one year | 17 | €1,147,796 | €974,600 | -€173,197 | -15.1% |
| Financial debts | 170/4 | €1,147,796 | €974,600 | -€173,197 | -15.1% |
| Amounts payable within one year | 42/48 | €6,543,008 | €6,539,104 | -€3,904 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €189,298 | €173,197 | -€16,101 | -8.5% |
| Financial debts | 43 | €2,059,835 | €1,946,770 | -€113,066 | -5.5% |
| Credit institutions | 430/8 | €2,059,835 | €1,946,770 | -€113,066 | -5.5% |
| Trade debts | 44 | €148,991 | €185,596 | +€36,605 | +24.6% |
| Suppliers | 440/4 | €148,991 | €185,596 | +€36,605 | +24.6% |
| Taxes, remuneration and social security | 45 | €79,593 | €48,686 | -€30,907 | -38.8% |
| Taxes | 450/3 | €73,050 | €48,686 | -€24,364 | -33.4% |
| Remuneration and social security | 454/9 | €6,543 | €0 | -€6,543 | -100.0% |
| Other amounts payable | 47/48 | €4,065,291 | €4,184,856 | +€119,565 | +2.9% |
| Accrued charges and deferred income | 492/3 | €51,380 | €51,653 | +€273 | +0.5% |
| Non-recurring operating income | 76A | €87,749 | €147,030 | +€59,281 | +67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338,800 | €346,407 | +€7,606 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,609 | +€27,609 | |
| Other operating charges | 640/8 | €33,701 | €39,195 | +€5,493 | +16.3% |
| Non-recurring operating charges | 66A | - | €5,214 | +€5,214 | |
| Gross operating margin | 9900 | €966,699 | €972,714 | +€6,015 | +0.6% |
| Operating profit (loss) | 9901 | €594,197 | €554,289 | -€39,908 | -6.7% |
| Financial income | 75/76B | €229,580 | €32,813 | -€196,767 | -85.7% |
| Recurring financial income | 75 | €229,580 | €32,813 | -€196,767 | -85.7% |
| Financial charges | 65/66B | €255,252 | €253,710 | -€1,543 | -0.6% |
| Recurring financial charges | 65 | €255,252 | €253,710 | -€1,543 | -0.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €568,525 | €333,392 | -€235,133 | -41.4% |
| Transfer from deferred taxes | 780 | €2,651 | €2,651 | = | 0.0% |
| Transfer to deferred taxes | 680 | €21,937 | €0 | -€21,937 | -100.0% |
| Income taxes | 67/77 | €86,419 | €97,862 | +€11,442 | +13.2% |
| Profit (loss) for the period | 9904 | €462,819 | €238,181 | -€224,637 | -48.5% |
| Transfer from tax-exempt reserves | 789 | €122,530 | €5,020 | -€117,510 | -95.9% |
| Transfer to tax-exempt reserves | 689 | €171,062 | €84,200 | -€86,862 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €414,286 | €159,001 | -€255,285 | -61.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.