F&M Properties: 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&M Properties
Largest movements
- Cash -€29,714
down €29,714 (-82.2%), from €36,169 to €6,455
mainly Net result for the year (-€37,267) and Current portion of long-term debt (-€4,273)
- Receivables within one year -€7,454
down €7,454 (-88.9%), from €8,384 to €929
of which Other amounts receivable: -€5,790
- Tangible fixed assets -€5,101
down €5,101 (-20.5%), from €24,850 to €19,748
of which Furniture and vehicles: -€4,501
- Deferred charges and accrued income -€740
down €740 (-38.3%), from €1,932 to €1,193
- Profit (loss) carried forward -€37,267
down €37,267 (-936.4%), from -€3,980 to -€41,247
- Current portion of long-term debt -€4,273
down €4,273 (-100.0%), from €4,273 to €0
- Trade debts -€1,422
down €1,422 (-49.8%), from €2,853 to €1,431
- Gross operating margin -€29,573
down €29,573, from €2,826 to -€26,747
- Other operating charges +€1,252
up €1,252 (+201.7%), from €621 to €1,873
- Depreciation -€424
down €424 (-5.1%), from €8,236 to €7,812
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 | €73,509 | €30,649 | -€42,860 | -58.3% |
| Fixed assets | 21/28 | €25,196 | €19,995 | -€5,201 | -20.6% |
| Intangible fixed assets | 21 | €347 | €247 | -€100 | -28.8% |
| Tangible fixed assets | 22/27 | €24,850 | €19,748 | -€5,101 | -20.5% |
| Plant, machinery and equipment | 23 | €14,105 | €13,505 | -€601 | -4.3% |
| Furniture and vehicles | 24 | €10,745 | €6,244 | -€4,501 | -41.9% |
| Current assets | 29/58 | €48,313 | €10,654 | -€37,658 | -77.9% |
| Stocks and contracts in progress | 3 | €1,828 | €2,077 | +€250 | +13.7% |
| Stocks | 30/36 | €1,828 | €2,077 | +€250 | +13.7% |
| Amounts receivable within one year | 40/41 | €8,384 | €929 | -€7,454 | -88.9% |
| Trade receivables | 40 | €1,815 | €150 | -€1,665 | -91.7% |
| Other amounts receivable | 41 | €6,569 | €779 | -€5,790 | -88.1% |
| Cash at bank and in hand | 54/58 | €36,169 | €6,455 | -€29,714 | -82.2% |
| Deferred charges and accrued income | 490/1 | €1,932 | €1,193 | -€740 | -38.3% |
| Total equity and liabilities | 10/49 | €73,509 | €30,649 | -€42,860 | -58.3% |
| Equity | 10/15 | €66,120 | €28,853 | -€37,267 | -56.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,500 | €51,500 | = | 0.0% |
| Distributable reserves | 133 | €51,500 | €51,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,980 | -€41,247 | -€37,267 | -936.4% |
| Amounts payable | 17/49 | €7,389 | €1,797 | -€5,592 | -75.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,389 | €1,797 | -€5,592 | -75.7% |
| Current portion of amounts payable after more than one year | 42 | €4,273 | €0 | -€4,273 | -100.0% |
| Trade debts | 44 | €2,853 | €1,431 | -€1,422 | -49.8% |
| Suppliers | 440/4 | €2,853 | €1,431 | -€1,422 | -49.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €262 | €365 | +€103 | +39.4% |
| Taxes | 450/3 | €262 | €365 | +€103 | +39.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,236 | €7,812 | -€424 | -5.1% |
| Other operating charges | 640/8 | €621 | €1,873 | +€1,252 | +201.7% |
| Non-recurring operating charges | 66A | - | €673 | +€673 | |
| Gross operating margin | 9900 | €2,826 | -€26,747 | -€29,573 | |
| Operating profit (loss) | 9901 | -€6,031 | -€37,104 | -€31,074 | -515.3% |
| Financial income | 75/76B | €100 | €205 | +€106 | +106.4% |
| Recurring financial income | 75 | €100 | €205 | +€106 | +106.4% |
| Financial charges | 65/66B | €399 | €223 | -€176 | -44.0% |
| Recurring financial charges | 65 | €399 | €223 | -€176 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,330 | -€37,122 | -€30,792 | -486.4% |
| Income taxes | 67/77 | €112 | €145 | +€33 | +29.0% |
| Profit (loss) for the period | 9904 | -€6,443 | -€37,267 | -€30,825 | -478.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,443 | -€37,267 | -€30,825 | -478.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.