F.M.R: 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.R
Largest movements
- Receivables within one year -€31,285
down €31,285 (-91.3%), from €34,282 to €2,997
of which Trade receivables: -€30,231
- Tangible fixed assets -€9,500
down €9,500 (-49.2%), from €19,315 to €9,814
of which Plant, machinery and equipment: -€5,414
- Deferred charges and accrued income -€2,363
down €2,363 (-100%), from €2,363 to €0
- Cash -€1,012
down €1,012 (-61.6%), from €1,642 to €631
mainly Other debts (-€24,971) and Net result for the year (-€14,736)
- Other debts -€24,971
down €24,971 (-50.7%), from €49,297 to €24,326
- Profit (loss) carried forward -€14,736
down €14,736 (-107%), from -€13,744 to -€28,481
- Trade debts -€4,868
down €4,868 (-36.2%), from €13,456 to €8,588
- Gross operating margin -€15,345
down €15,345, from €11,537 to -€3,808
- Depreciation -€9,728
down €9,728 (-53.3%), from €18,255 to €8,527
- Staff costs -€9,369
down €9,369, from €9,310 to -€59
- Other operating charges +€704
up €704 (+79.8%), from €882 to €1,586
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 | €57,806 | €13,647 | -€44,159 | -76.4% |
| Fixed assets | 21/28 | €19,520 | €10,019 | -€9,500 | -48.7% |
| Tangible fixed assets | 22/27 | €19,315 | €9,814 | -€9,500 | -49.2% |
| Land and buildings | 22 | €2,338 | €1,138 | -€1,200 | -51.3% |
| Plant, machinery and equipment | 23 | €11,247 | €5,833 | -€5,414 | -48.1% |
| Furniture and vehicles | 24 | €5,730 | €2,844 | -€2,887 | -50.4% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €38,287 | €3,628 | -€34,659 | -90.5% |
| Amounts receivable within one year | 40/41 | €34,282 | €2,997 | -€31,285 | -91.3% |
| Trade receivables | 40 | €33,228 | €2,997 | -€30,231 | -91.0% |
| Other amounts receivable | 41 | €1,053 | - | -€1,053 | |
| Cash at bank and in hand | 54/58 | €1,642 | €631 | -€1,012 | -61.6% |
| Deferred charges and accrued income | 490/1 | €2,363 | €0 | -€2,363 | -100% |
| Total equity and liabilities | 10/49 | €57,806 | €13,647 | -€44,159 | -76.4% |
| Equity | 10/15 | -€5,689 | -€20,426 | -€14,736 | -259% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,744 | -€28,481 | -€14,736 | -107% |
| Amounts payable | 17/49 | €63,496 | €34,073 | -€29,423 | -46.3% |
| Amounts payable within one year | 42/48 | €63,496 | €34,073 | -€29,423 | -46.3% |
| Trade debts | 44 | €13,456 | €8,588 | -€4,868 | -36.2% |
| Suppliers | 440/4 | €13,456 | €8,588 | -€4,868 | -36.2% |
| Taxes, remuneration and social security | 45 | €743 | €1,159 | +€416 | +56.0% |
| Taxes | 450/3 | €743 | €1,159 | +€416 | +56.0% |
| Other amounts payable | 47/48 | €49,297 | €24,326 | -€24,971 | -50.7% |
| Non-recurring operating income | 76A | €245 | €359 | +€114 | +46.7% |
| Remuneration, social security and pensions | 62 | €9,310 | -€59 | -€9,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,255 | €8,527 | -€9,728 | -53.3% |
| Other operating charges | 640/8 | €882 | €1,586 | +€704 | +79.8% |
| Non-recurring operating charges | 66A | €2,855 | €410 | -€2,444 | -85.6% |
| Gross operating margin | 9900 | €11,537 | -€3,808 | -€15,345 | |
| Operating profit (loss) | 9901 | -€19,765 | -€14,272 | +€5,493 | +27.8% |
| Financial income | 75/76B | €0 | €3 | +€3 | +26,800% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +26,800% |
| Financial charges | 65/66B | €164 | €85 | -€79 | -48.4% |
| Recurring financial charges | 65 | €164 | €85 | -€79 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,929 | -€14,354 | +€5,575 | +28.0% |
| Income taxes | 67/77 | €387 | €383 | -€4 | -1.1% |
| Profit (loss) for the period | 9904 | -€20,316 | -€14,736 | +€5,579 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,316 | -€14,736 | +€5,579 | +27.5% |
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 23 October 2026 via checked.be.