FAMTHOM: 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.
FAMTHOM
Largest movements
- Current investments +€542,134
up €542,134 (+24.1%), from €2.2m to €2.8m
- Tangible fixed assets -€169,960
down €169,960 (-5.6%), from €3.1m to €2.9m
of which Land and buildings: -€149,985
- Other debts +€473,603
up €473,603 (+30.9%), from €1.5m to €2.0m
- Debts after one year -€102,196
down €102,196 (-6.8%), from €1.5m to €1.4m
of which Financial debts: -€102,196
- Reserves +€61,018
up €61,018 (+2.9%), from €2.1m to €2.1m
of which Distributable reserves: +€61,018
- Gross operating margin +€48,963
up €48,963 (+12.9%), from €379,373 to €428,336
- Financial charges +€15,533
up €15,533 (+13.5%), from €115,056 to €130,589
- Taxes +€15,271
up €15,271 (+180%), from €8,467 to €23,738
- Depreciation -€4,429
down €4,429 (-2.5%), from €174,390 to €169,960
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 | €5,423,310 | €5,799,112 | +€375,802 | +6.9% |
| Fixed assets | 21/28 | €3,050,756 | €2,880,796 | -€169,960 | -5.6% |
| Tangible fixed assets | 22/27 | €3,050,756 | €2,880,796 | -€169,960 | -5.6% |
| Land and buildings | 22 | €2,918,136 | €2,768,151 | -€149,985 | -5.1% |
| Plant, machinery and equipment | 23 | €41,652 | €35,089 | -€6,562 | -15.8% |
| Furniture and vehicles | 24 | €90,968 | €77,555 | -€13,413 | -14.7% |
| Current assets | 29/58 | €2,372,554 | €2,918,317 | +€545,762 | +23.0% |
| Amounts receivable within one year | 40/41 | €62,480 | €48,860 | -€13,621 | -21.8% |
| Trade receivables | 40 | €35,947 | €36,064 | +€117 | +0.3% |
| Other amounts receivable | 41 | €26,533 | €12,795 | -€13,738 | -51.8% |
| Current investments | 50/53 | €2,244,908 | €2,787,042 | +€542,134 | +24.1% |
| Cash at bank and in hand | 54/58 | €60,585 | €77,568 | +€16,982 | +28.0% |
| Deferred charges and accrued income | 490/1 | €4,581 | €4,847 | +€266 | +5.8% |
| Total equity and liabilities | 10/49 | €5,423,310 | €5,799,112 | +€375,802 | +6.9% |
| Equity | 10/15 | €2,131,950 | €2,192,968 | +€61,018 | +2.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,069,950 | €2,130,968 | +€61,018 | +2.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,063,750 | €2,124,768 | +€61,018 | +3.0% |
| Amounts payable | 17/49 | €3,291,360 | €3,606,144 | +€314,785 | +9.6% |
| Amounts payable after more than one year | 17 | €1,493,880 | €1,391,684 | -€102,196 | -6.8% |
| Financial debts | 170/4 | €1,493,770 | €1,391,574 | -€102,196 | -6.8% |
| Other amounts payable | 178/9 | €110 | €110 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,709,918 | €2,130,720 | +€420,802 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €153,518 | €102,196 | -€51,322 | -33.4% |
| Trade debts | 44 | €7,960 | €16,340 | +€8,381 | +105% |
| Suppliers | 440/4 | €7,960 | €16,340 | +€8,381 | +105% |
| Taxes, remuneration and social security | 45 | €18,101 | €8,242 | -€9,859 | -54.5% |
| Taxes | 450/3 | €18,101 | €8,242 | -€9,859 | -54.5% |
| Other amounts payable | 47/48 | €1,530,339 | €2,003,942 | +€473,603 | +30.9% |
| Accrued charges and deferred income | 492/3 | €87,561 | €83,740 | -€3,821 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,390 | €169,960 | -€4,429 | -2.5% |
| Other operating charges | 640/8 | €40,285 | €43,031 | +€2,746 | +6.8% |
| Gross operating margin | 9900 | €379,373 | €428,336 | +€48,963 | +12.9% |
| Operating profit (loss) | 9901 | €164,698 | €215,344 | +€50,646 | +30.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -82.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -82.8% |
| Financial charges | 65/66B | €115,056 | €130,589 | +€15,533 | +13.5% |
| Recurring financial charges | 65 | €115,056 | €130,589 | +€15,533 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €49,644 | €84,755 | +€35,111 | +70.7% |
| Income taxes | 67/77 | €8,467 | €23,738 | +€15,271 | +180% |
| Profit (loss) for the period | 9904 | €41,177 | €61,018 | +€19,840 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,177 | €61,018 | +€19,840 | +48.2% |
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 14 October 2026 via checked.be.