FAM: 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.
What changed
FAM
NACE 28.990, Manufacture of machinery and equipment not elsewhere classified
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €2.1m-€620,945
Equity
€19.0m
2024 · €18.0m+€996,177
Cash
€639,745
2024 · €1.1m-€423,376
Balance sheet total
€32.3m
2024 · €30.9m+€1.4m
Largest movements
Assets
- Stocks and contracts +€2.4m
up €2.4m (+17.2%), from €14.0m to €16.4m
of which Stocks: +€2.5m
- Intangible fixed assets -€675,956
down €675,956 (-18.2%), from €3.7m to €3.0m
- Tangible fixed assets +€580,534
up €580,534 (+16.7%), from €3.5m to €4.1m
of which Land and buildings: +€785,627
- Receivables within one year -€569,390
down €569,390 (-6.6%), from €8.6m to €8.0m
of which Trade receivables: -€317,176
- Cash -€423,376
down €423,376 (-39.8%), from €1.1m to €639,745
mainly Stocks and contracts (-€2.4m) and Investment in fixed assets (net) (-€1.7m)
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+22.1%), from €6.0m to €7.3m
- Reserves +€997,001
up €997,001 (+6.0%), from €16.5m to €17.5m
of which Distributable reserves: +€997,001
- Debts after one year -€813,252
down €813,252 (-31.6%), from €2.6m to €1.8m
of which Financial debts: -€811,169
Income statement
- Turnover -€1.8m
down €1.8m (-4.6%), from €39.0m to €37.2m
- Depreciation +€520,088
up €520,088 (+41.4%), from €1.3m to €1.8m
- Goods and materials +€514,575
up €514,575 (+2.4%), from €21.8m to €22.4m
of which Purchases: +€1.2m
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
€2.1m
Turnover
-€1.8m
Other operating income
-€80,274
Goods and materials
-€514,575
Services and other goods
+€319,717
Staff costs
-€168,505
Depreciation
-€520,088
Write-downs
-€112,492
Provisions
+€1,177
Other operating charges
+€37,801
Other operating items
+€2.2m
Financial income
-€10,577
Financial charges
-€156,963
Taxes
+€172,132
Result 2025
€1.5m
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
+€2.6m
Investment
-€1.7m
Financing
-€1.4m
Cash 2024
€1.1m
From operations (derived)
+€2.6m
Net result for the year
+€1.5m
Depreciation
+€1.8m
Stocks and contracts
-€2.4m
Receivables within one year
+€569,390
Deferred charges and accrued income
-€98,592
Provisions
+€17,437
Trade debts
+€1.3m
Tax, wage and social debts
+€29,700
Advances received
-€22,772
Other debts
-€81,000
Accrued charges and deferred income
+€31,548
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
-€1.4m
Debts after one year
-€813,252
Current portion of long-term debt
-€59,030
Contributions, distributions and other
-€513,000
Cash 2025
€639,745
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,920,179 | €32,340,618 | +€1.4m | +4.6% |
| Fixed assets | 21/28 | €7,216,363 | €7,115,866 | -€100,497 | -1.4% |
| Intangible fixed assets | 21 | €3,722,139 | €3,046,183 | -€675,956 | -18.2% |
| Tangible fixed assets | 22/27 | €3,479,719 | €4,060,253 | +€580,534 | +16.7% |
| Land and buildings | 22 | €2,385,675 | €3,171,302 | +€785,627 | +32.9% |
| Plant, machinery and equipment | 23 | €241,232 | €255,601 | +€14,369 | +6.0% |
| Furniture and vehicles | 24 | €407,032 | €561,952 | +€154,920 | +38.1% |
| Assets under construction and advance payments | 27 | €445,781 | €71,398 | -€374,383 | -84.0% |
| Financial fixed assets | 28 | €14,505 | €9,430 | -€5,074 | -35.0% |
| Other financial fixed assets | 284/8 | €14,505 | €9,430 | -€5,074 | -35.0% |
| Amounts receivable and cash guarantees | 285/8 | €14,505 | €9,430 | -€5,074 | -35.0% |
| Current assets | 29/58 | €23,703,816 | €25,224,752 | +€1.5m | +6.4% |
| Stocks and contracts in progress | 3 | €14,015,843 | €16,430,954 | +€2.4m | +17.2% |
| Stocks | 30/36 | €12,644,840 | €15,112,376 | +€2.5m | +19.5% |
| Raw materials and consumables | 30/31 | €7,596,081 | €8,680,221 | +€1.1m | +14.3% |
| Finished goods | 33 | €5,048,759 | €6,432,155 | +€1.4m | +27.4% |
| Contracts in progress | 37 | €1,371,004 | €1,318,578 | -€52,426 | -3.8% |
| Amounts receivable within one year | 40/41 | €8,585,468 | €8,016,078 | -€569,390 | -6.6% |
| Trade receivables | 40 | €7,492,595 | €7,175,420 | -€317,176 | -4.2% |
| Other amounts receivable | 41 | €1,092,872 | €840,658 | -€252,215 | -23.1% |
| Cash at bank and in hand | 54/58 | €1,063,121 | €639,745 | -€423,376 | -39.8% |
| Deferred charges and accrued income | 490/1 | €39,384 | €137,976 | +€98,592 | +250.3% |
| Total equity and liabilities | 10/49 | €30,920,179 | €32,340,618 | +€1.4m | +4.6% |
| Equity | 10/15 | €18,009,824 | €19,006,001 | +€996,177 | +5.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €16,509,000 | €17,506,001 | +€997,001 | +6.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €16,359,000 | €17,356,001 | +€997,001 | +6.1% |
| Profit (loss) carried forward | 14 | €824 | - | -€824 | |
| Provisions and deferred taxes | 16 | €341,988 | €359,425 | +€17,437 | +5.1% |
| Provisions for liabilities and charges | 160/5 | €341,988 | €359,425 | +€17,437 | +5.1% |
| Other liabilities and charges | 164/5 | €341,988 | €359,425 | +€17,437 | +5.1% |
| Amounts payable | 17/49 | €12,568,367 | €12,975,192 | +€406,825 | +3.2% |
| Amounts payable after more than one year | 17 | €2,575,406 | €1,762,154 | -€813,252 | -31.6% |
| Financial debts | 170/4 | €2,564,995 | €1,753,826 | -€811,169 | -31.6% |
| Credit institutions | 173 | €116,667 | - | -€116,667 | |
| Other loans | 174 | €2,448,329 | €1,753,826 | -€694,503 | -28.4% |
| Other amounts payable | 178/9 | €10,411 | €8,328 | -€2,082 | -20.0% |
| Amounts payable within one year | 42/48 | €9,412,216 | €10,600,745 | +€1.2m | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €880,597 | €821,567 | -€59,030 | -6.7% |
| Trade debts | 44 | €5,980,584 | €7,302,214 | +€1.3m | +22.1% |
| Suppliers | 440/4 | €5,980,584 | €7,302,214 | +€1.3m | +22.1% |
| Advances received on contracts in progress | 46 | €1,534,790 | €1,512,019 | -€22,772 | -1.5% |
| Taxes, remuneration and social security | 45 | €422,245 | €451,945 | +€29,700 | +7.0% |
| Taxes | 450/3 | €20,920 | €17,999 | -€2,922 | -14.0% |
| Remuneration and social security | 454/9 | €401,325 | €433,947 | +€32,622 | +8.1% |
| Other amounts payable | 47/48 | €594,000 | €513,000 | -€81,000 | -13.6% |
| Accrued charges and deferred income | 492/3 | €580,744 | €612,293 | +€31,548 | +5.4% |
| Operating income | 70/76A | €38,602,651 | €38,934,079 | +€331,428 | +0.9% |
| Turnover | 70 | €38,977,922 | €37,169,295 | -€1.8m | -4.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€707,134 | €1,513,196 | +€2.2m | |
| Other operating income | 74 | €331,862 | €251,588 | -€80,274 | -24.2% |
| Operating charges | 60/66A | €35,818,375 | €36,775,340 | +€956,965 | +2.7% |
| Goods for resale, raw materials and consumables | 60 | €21,844,318 | €22,358,893 | +€514,575 | +2.4% |
| Purchases | 600/8 | €22,335,759 | €23,505,345 | +€1.2m | +5.2% |
| Change in stocks: decrease (increase) | 609 | -€491,441 | -€1,146,452 | -€655,011 | -133.3% |
| Services and other goods | 61 | €8,192,576 | €7,872,859 | -€319,717 | -3.9% |
| Remuneration, social security and pensions | 62 | €4,249,664 | €4,418,169 | +€168,505 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,254,960 | €1,775,048 | +€520,088 | +41.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €161,280 | €273,773 | +€112,492 | +69.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,615 | €17,437 | -€1,177 | -6.3% |
| Other operating charges | 640/8 | €96,961 | €59,161 | -€37,801 | -39.0% |
| Operating profit (loss) | 9901 | €2,784,276 | €2,158,739 | -€625,537 | -22.5% |
| Financial income | 75/76B | €27,294 | €16,717 | -€10,577 | -38.8% |
| Recurring financial income | 75 | €27,294 | €16,717 | -€10,577 | -38.8% |
| Other financial income | 752/9 | €27,294 | €16,717 | -€10,577 | -38.8% |
| Financial charges | 65/66B | €93,041 | €250,004 | +€156,963 | +168.7% |
| Recurring financial charges | 65 | €93,041 | €250,004 | +€156,963 | +168.7% |
| Debt charges | 650 | €59,080 | €110,858 | +€51,777 | +87.6% |
| Other financial charges | 652/9 | €33,961 | €139,147 | +€105,186 | +309.7% |
| Profit (loss) for the period before taxes | 9903 | €2,718,529 | €1,925,452 | -€793,077 | -29.2% |
| Income taxes | 67/77 | €588,408 | €416,276 | -€172,132 | -29.3% |
| Taxes | 670/3 | €595,920 | €419,197 | -€176,723 | -29.7% |
| Tax adjustments and reversals of tax provisions | 77 | €7,513 | €2,922 | -€4,591 | -61.1% |
| Profit (loss) for the period | 9904 | €2,130,121 | €1,509,177 | -€620,945 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,130,121 | €1,509,177 | -€620,945 | -29.2% |
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 10 October 2026 via checked.be.