FAMO: 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
FAMO
NACE 77.310, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€456,305
2024 · €10.9m-€11.3m
Equity
€136.3m
2024 · €139.7m-€3.5m
Cash
€2.4m
2024 · €6.6m-€4.2m
Balance sheet total
€190.3m
2024 · €179.5m+€10.8m
Largest movements
Assets
- Current investments +€9.9m
up €9.9m (+36.1%), from €27.3m to €37.1m
- Cash -€4.2m
down €4.2m (-63.5%), from €6.6m to €2.4m
mainly Current investments (-€9.9m) and Debts after one year (-€7.5m)
- Receivables after one year +€3.6m
up €3.6m (+233.5%), from €1.5m to €5.1m
- Financial fixed assets +€2.4m
up €2.4m (+1.7%), from €138.8m to €141.2m
of which Companies linked by participating interests: +€42.9m
Equity and liabilities
- Short-term financial debts +€19.6m
up €19.6m (+994.2%), from €2.0m to €21.5m
of which Credit institutions: +€19.6m
- Debts after one year -€7.5m
down €7.5m (-29.4%), from €25.5m to €18.0m
- Reserves -€3.5m
down €3.5m (-4.8%), from €72.3m to €68.8m
of which Distributable reserves: -€3.5m
- Other debts +€2.3m
up €2.3m (+19.2%), from €11.8m to €14.0m
Income statement
- Financial income -€11.2m
down €11.2m (-71.5%), from €15.7m to €4.5m
of which Financial income: -€12.9m
- Services and other goods +€619,356
up €619,356 (+26.8%), from €2.3m to €2.9m
- Financial charges -€430,841
down €430,841 (-15.0%), from €2.9m to €2.4m
of which Financial charges: -€342,394
- Turnover +€97,337
up €97,337 (+17.9%), from €543,867 to €641,205
- Goods and materials +€82,231
new in 2025: €82,231
of which Change in stocks: decrease (increase): +€164,463
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
€10.9m
Turnover
+€97,337
Other operating income
+€23,462
Goods and materials
-€82,231
Services and other goods
-€619,356
Staff costs
-€12,561
Depreciation
-€18,937
Other operating charges
+€80,617
Financial income
-€11.2m
Financial charges
+€430,841
Taxes
+€13,147
Result 2025
-€456,305
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
-€559,656
Investment
-€12.7m
Financing
+€9.0m
Cash 2024
€6.6m
From operations (derived)
-€559,656
Net result for the year
-€456,305
Depreciation
+€73,774
Receivables after one year
-€3.6m
Stocks and contracts
+€82,231
Receivables within one year
-€743,260
Deferred charges and accrued income
+€1.8m
Trade debts
+€253,802
Tax, wage and social debts
-€916
Other debts
+€2.3m
Accrued charges and deferred income
-€272,914
Investment (derived)
-€12.7m
Investment in fixed assets (net)
-€2.8m
Current investments
-€9.9m
Financing
+€9.0m
Debts after one year
-€7.5m
Current portion of long-term debt
-€50,741
Short-term financial debts
+€19.6m
Contributions, distributions and other
-€3.0m
Cash 2025
€2.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,522,258 | €190,330,384 | +€10.8m | +6.0% |
| Fixed assets | 21/28 | €140,006,906 | €142,738,508 | +€2.7m | +2.0% |
| Tangible fixed assets | 22/27 | €1,250,280 | €1,560,582 | +€310,302 | +24.8% |
| Land and buildings | 22 | €1,173,477 | €1,147,150 | -€26,326 | -2.2% |
| Plant, machinery and equipment | 23 | - | €29,048 | +€29,048 | |
| Furniture and vehicles | 24 | €76,804 | €384,384 | +€307,580 | +400.5% |
| Financial fixed assets | 28 | €138,756,626 | €141,177,927 | +€2.4m | +1.7% |
| Affiliated companies | 280/1 | €53,546,575 | €13,038,621 | -€40.5m | -75.6% |
| Participating interests | 280 | €28,561,235 | €12,708,457 | -€15.9m | -55.5% |
| Amounts receivable | 281 | €24,985,340 | €330,164 | -€24.7m | -98.7% |
| Companies linked by participating interests | 282/3 | €83,659,801 | €126,589,056 | +€42.9m | +51.3% |
| Participating interests | 282 | €83,402,655 | €106,326,240 | +€22.9m | +27.5% |
| Amounts receivable | 283 | €257,146 | €20,262,816 | +€20.0m | +7779.9% |
| Other financial fixed assets | 284/8 | €1,550,250 | €1,550,250 | = | 0.0% |
| Shares | 284 | €1,550,000 | €1,550,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €39,515,351 | €47,591,876 | +€8.1m | +20.4% |
| Amounts receivable after more than one year | 29 | €1,535,183 | €5,120,068 | +€3.6m | +233.5% |
| Other amounts receivable | 291 | €1,535,183 | €5,120,068 | +€3.6m | +233.5% |
| Stocks and contracts in progress | 3 | €82,231 | - | -€82,231 | |
| Stocks | 30/36 | €82,231 | - | -€82,231 | |
| Goods purchased for resale | 34 | €82,231 | - | -€82,231 | |
| Amounts receivable within one year | 40/41 | €1,407,338 | €2,150,597 | +€743,260 | +52.8% |
| Trade receivables | 40 | €398,740 | €329,207 | -€69,534 | -17.4% |
| Other amounts receivable | 41 | €1,008,597 | €1,821,391 | +€812,794 | +80.6% |
| Current investments | 50/53 | €27,293,328 | €37,144,411 | +€9.9m | +36.1% |
| Other investments | 51/53 | €27,293,328 | €37,144,411 | +€9.9m | +36.1% |
| Cash at bank and in hand | 54/58 | €6,600,170 | €2,412,320 | -€4.2m | -63.5% |
| Deferred charges and accrued income | 490/1 | €2,597,102 | €764,480 | -€1.8m | -70.6% |
| Total equity and liabilities | 10/49 | €179,522,258 | €190,330,384 | +€10.8m | +6.0% |
| Equity | 10/15 | €139,727,278 | €136,270,973 | -€3.5m | -2.5% |
| Contributions | 10/11 | €67,453,544 | €67,453,544 | = | 0.0% |
| Capital | 10 | €67,453,544 | €67,453,544 | = | 0.0% |
| Issued capital | 100 | €67,453,544 | €67,453,544 | = | 0.0% |
| Reserves | 13 | €72,273,000 | €68,817,000 | -€3.5m | -4.8% |
| Non-distributable reserves | 130/1 | €6,746,000 | €6,746,000 | = | 0.0% |
| Legal reserve | 130 | €6,746,000 | €6,746,000 | = | 0.0% |
| Distributable reserves | 133 | €65,527,000 | €62,071,000 | -€3.5m | -5.3% |
| Profit (loss) carried forward | 14 | €734 | €428 | -€305 | -41.6% |
| Amounts payable | 17/49 | €39,794,980 | €54,059,411 | +€14.3m | +35.8% |
| Amounts payable after more than one year | 17 | €25,500,000 | €18,000,000 | -€7.5m | -29.4% |
| Financial debts | 170/4 | €25,500,000 | €18,000,000 | -€7.5m | -29.4% |
| Credit institutions | 173 | €7,500,000 | - | -€7.5m | |
| Other loans | 174 | €18,000,000 | €18,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,937,442 | €35,974,788 | +€22.0m | +158.1% |
| Current portion of amounts payable after more than one year | 42 | €50,741 | - | -€50,741 | |
| Financial debts | 43 | €1,969,337 | €21,548,344 | +€19.6m | +994.2% |
| Credit institutions | 430/8 | €1,900,000 | €21,500,000 | +€19.6m | +1031.6% |
| Other loans | 439 | €69,337 | €48,343 | -€20,993 | -30.3% |
| Trade debts | 44 | €92,567 | €346,369 | +€253,802 | +274.2% |
| Suppliers | 440/4 | €92,567 | €346,369 | +€253,802 | +274.2% |
| Taxes, remuneration and social security | 45 | €56,247 | €55,331 | -€916 | -1.6% |
| Taxes | 450/3 | €13,686 | €11,548 | -€2,138 | -15.6% |
| Remuneration and social security | 454/9 | €42,562 | €43,783 | +€1,221 | +2.9% |
| Other amounts payable | 47/48 | €11,768,550 | €14,024,745 | +€2.3m | +19.2% |
| Accrued charges and deferred income | 492/3 | €357,537 | €84,623 | -€272,914 | -76.3% |
| Operating income | 70/76A | €931,015 | €1,051,815 | +€120,800 | +13.0% |
| Turnover | 70 | €543,867 | €641,205 | +€97,337 | +17.9% |
| Other operating income | 74 | €387,148 | €410,610 | +€23,462 | +6.1% |
| Operating charges | 60/66A | €2,875,350 | €3,527,819 | +€652,468 | +22.7% |
| Goods for resale, raw materials and consumables | 60 | - | €82,231 | +€82,231 | |
| Purchases | 600/8 | €82,231 | - | -€82,231 | |
| Change in stocks: decrease (increase) | 609 | -€82,231 | €82,231 | +€164,463 | |
| Services and other goods | 61 | €2,310,712 | €2,930,068 | +€619,356 | +26.8% |
| Remuneration, social security and pensions | 62 | €380,414 | €392,975 | +€12,561 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,837 | €73,774 | +€18,937 | +34.5% |
| Other operating charges | 640/8 | €129,387 | €48,770 | -€80,617 | -62.3% |
| Operating profit (loss) | 9901 | -€1,944,335 | -€2,476,004 | -€531,669 | -27.3% |
| Financial income | 75/76B | €15,732,507 | €4,487,845 | -€11.2m | -71.5% |
| Recurring financial income | 75 | €15,693,677 | €2,842,060 | -€12.9m | -81.9% |
| Income from financial fixed assets | 750 | €11,154,854 | €1,280,553 | -€9.9m | -88.5% |
| Income from current assets | 751 | €4,500,452 | €1,483,075 | -€3.0m | -67.0% |
| Other financial income | 752/9 | €38,372 | €78,432 | +€40,061 | +104.4% |
| Non-recurring financial income | 76B | €38,830 | €1,645,785 | +€1.6m | +4138.4% |
| Financial charges | 65/66B | €2,879,126 | €2,448,285 | -€430,841 | -15.0% |
| Recurring financial charges | 65 | €1,379,126 | €1,036,731 | -€342,394 | -24.8% |
| Debt charges | 650 | €671,000 | €912,170 | +€241,169 | +35.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €253,765 | -€437,177 | -€690,943 | |
| Other financial charges | 652/9 | €454,360 | €561,739 | +€107,379 | +23.6% |
| Non-recurring financial charges | 66B | €1,500,000 | €1,411,554 | -€88,446 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €10,909,046 | -€436,444 | -€11.3m | |
| Income taxes | 67/77 | €33,008 | €19,861 | -€13,147 | -39.8% |
| Taxes | 670/3 | €33,008 | €19,861 | -€13,147 | -39.8% |
| Profit (loss) for the period | 9904 | €10,876,038 | -€456,305 | -€11.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €10,876,038 | -€456,305 | -€11.3m |
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 5 October 2026 via checked.be.