F&M LOGISTICS: 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 LOGISTICS
Largest movements
- Tangible fixed assets -€44,935
down €44,935 (-57.3%), from €78,387 to €33,452
of which Furniture and vehicles: -€45,796
- Receivables within one year +€15,748
up €15,748 (+34.0%), from €46,356 to €62,105
of which Trade receivables: +€11,638
- Cash -€3,285
down €3,285 (-10.8%), from €30,487 to €27,202
mainly Debts after one year (-€27,082) and Receivables within one year (-€15,748)
- Debts after one year -€27,082
down €27,082 (-65.6%), from €41,310 to €14,228
- Reserves +€14,372
up €14,372 (+46.3%), from €31,049 to €45,421
of which Distributable reserves: +€14,372
- Current portion of long-term debt -€11,200
down €11,200 (-55.2%), from €20,285 to €9,085
- Trade debts -€8,290
down €8,290 (-78.8%), from €10,525 to €2,235
- Gross operating margin +€26,206
up €26,206 (+59.6%), from €43,998 to €70,205
- Depreciation -€16,364
down €16,364 (-78.5%), from €20,842 to €4,478
- Taxes +€5,087
up €5,087 (+61.2%), from €8,311 to €13,398
- Financial charges +€2,768
up €2,768 (+56.6%), from €4,893 to €7,661
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 | €158,201 | €125,795 | -€32,405 | -20.5% |
| Fixed assets | 21/28 | €78,387 | €33,452 | -€44,935 | -57.3% |
| Tangible fixed assets | 22/27 | €78,387 | €33,452 | -€44,935 | -57.3% |
| Plant, machinery and equipment | 23 | €390 | €2,164 | +€1,773 | +454% |
| Furniture and vehicles | 24 | €75,753 | €29,958 | -€45,796 | -60.5% |
| Other tangible fixed assets | 26 | €2,244 | €1,331 | -€912 | -40.7% |
| Current assets | 29/58 | €79,813 | €92,343 | +€12,530 | +15.7% |
| Amounts receivable within one year | 40/41 | €46,356 | €62,105 | +€15,748 | +34.0% |
| Trade receivables | 40 | €1,859 | €13,497 | +€11,638 | +626% |
| Other amounts receivable | 41 | €44,498 | €48,608 | +€4,110 | +9.2% |
| Cash at bank and in hand | 54/58 | €30,487 | €27,202 | -€3,285 | -10.8% |
| Deferred charges and accrued income | 490/1 | €2,970 | €3,036 | +€66 | +2.2% |
| Total equity and liabilities | 10/49 | €158,201 | €125,795 | -€32,405 | -20.5% |
| Equity | 10/15 | €59,649 | €74,021 | +€14,372 | +24.1% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €31,049 | €45,421 | +€14,372 | +46.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,189 | €43,561 | +€14,372 | +49.2% |
| Amounts payable | 17/49 | €98,552 | €51,775 | -€46,777 | -47.5% |
| Amounts payable after more than one year | 17 | €41,310 | €14,228 | -€27,082 | -65.6% |
| Financial debts | 170/4 | €41,310 | €14,228 | -€27,082 | -65.6% |
| Amounts payable within one year | 42/48 | €57,242 | €37,547 | -€19,695 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €20,285 | €9,085 | -€11,200 | -55.2% |
| Trade debts | 44 | €10,525 | €2,235 | -€8,290 | -78.8% |
| Suppliers | 440/4 | €10,525 | €2,235 | -€8,290 | -78.8% |
| Taxes, remuneration and social security | 45 | €26,432 | €26,227 | -€205 | -0.8% |
| Taxes | 450/3 | €26,432 | €26,227 | -€205 | -0.8% |
| Non-recurring operating income | 76A | €4,086 | - | -€4,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,842 | €4,478 | -€16,364 | -78.5% |
| Other operating charges | 640/8 | €1,401 | €1,859 | +€458 | +32.7% |
| Non-recurring operating charges | 66A | - | €30,960 | +€30,960 | |
| Gross operating margin | 9900 | €43,998 | €70,205 | +€26,206 | +59.6% |
| Operating profit (loss) | 9901 | €21,755 | €32,908 | +€11,153 | +51.3% |
| Financial income | 75/76B | €2,112 | €2,523 | +€411 | +19.4% |
| Recurring financial income | 75 | €2,112 | €2,523 | +€411 | +19.4% |
| Financial charges | 65/66B | €4,893 | €7,661 | +€2,768 | +56.6% |
| Recurring financial charges | 65 | €4,893 | €7,661 | +€2,768 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €18,975 | €27,770 | +€8,796 | +46.4% |
| Income taxes | 67/77 | €8,311 | €13,398 | +€5,087 | +61.2% |
| Profit (loss) for the period | 9904 | €10,663 | €14,372 | +€3,709 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,663 | €14,372 | +€3,709 | +34.8% |
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 25 October 2026 via checked.be.