FATMIR: 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.
FATMIR
Largest movements
- Tangible fixed assets -€58,243
down €58,243 (-12.3%), from €473,045 to €414,802
of which Land and buildings: -€33,314
- Receivables within one year -€12,324
down €12,324 (-87.6%), from €14,074 to €1,750
of which Other amounts receivable: -€9,046
- Cash -€6,413
down €6,413 (-23.7%), from €27,057 to €20,644
mainly Debts after one year (-€59,423) and Trade debts (-€12,253)
- Debts after one year -€59,423
down €59,423 (-21.1%), from €281,146 to €221,723
- Trade debts -€12,253
down €12,253 (-47.9%), from €25,585 to €13,333
- Other debts +€9,617
up €9,617 (+48.5%), from €19,831 to €29,448
- Tax, wage and social debts -€9,545
down €9,545 (-37.9%), from €25,156 to €15,611
of which Remuneration and social security: -€9,678
- Reserves -€5,368
down €5,368 (-6.2%), from €86,676 to €81,308
- Gross operating margin -€22,004
down €22,004 (-6.7%), from €328,788 to €306,784
- Staff costs -€4,621
down €4,621 (-1.9%), from €239,059 to €234,438
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 | €518,003 | €440,884 | -€77,118 | -14.9% |
| Fixed assets | 21/28 | €473,045 | €414,802 | -€58,243 | -12.3% |
| Tangible fixed assets | 22/27 | €473,045 | €414,802 | -€58,243 | -12.3% |
| Land and buildings | 22 | €275,429 | €242,116 | -€33,314 | -12.1% |
| Plant, machinery and equipment | 23 | €197,615 | €172,686 | -€24,930 | -12.6% |
| Current assets | 29/58 | €44,958 | €26,082 | -€18,875 | -42.0% |
| Stocks and contracts in progress | 3 | €3,546 | €3,688 | +€142 | +4.0% |
| Stocks | 30/36 | €3,546 | €3,688 | +€142 | +4.0% |
| Amounts receivable within one year | 40/41 | €14,074 | €1,750 | -€12,324 | -87.6% |
| Trade receivables | 40 | €4,597 | €1,319 | -€3,277 | -71.3% |
| Other amounts receivable | 41 | €9,477 | €431 | -€9,046 | -95.5% |
| Cash at bank and in hand | 54/58 | €27,057 | €20,644 | -€6,413 | -23.7% |
| Deferred charges and accrued income | 490/1 | €281 | €0 | -€281 | -100.0% |
| Total equity and liabilities | 10/49 | €518,003 | €440,884 | -€77,118 | -14.9% |
| Equity | 10/15 | €106,676 | €101,347 | -€5,329 | -5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €86,676 | €81,308 | -€5,368 | -6.2% |
| Distributable reserves | 133 | €86,676 | €81,308 | -€5,368 | -6.2% |
| Profit (loss) carried forward | 14 | - | €39 | +€39 | |
| Amounts payable | 17/49 | €411,327 | €339,537 | -€71,789 | -17.5% |
| Amounts payable after more than one year | 17 | €281,146 | €221,723 | -€59,423 | -21.1% |
| Financial debts | 170/4 | €281,146 | €221,723 | -€59,423 | -21.1% |
| Amounts payable within one year | 42/48 | €127,604 | €117,815 | -€9,789 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €57,032 | €59,423 | +€2,391 | +4.2% |
| Trade debts | 44 | €25,585 | €13,333 | -€12,253 | -47.9% |
| Suppliers | 440/4 | €25,585 | €13,333 | -€12,253 | -47.9% |
| Taxes, remuneration and social security | 45 | €25,156 | €15,611 | -€9,545 | -37.9% |
| Taxes | 450/3 | €1,578 | €1,711 | +€133 | +8.4% |
| Remuneration and social security | 454/9 | €23,578 | €13,900 | -€9,678 | -41.0% |
| Other amounts payable | 47/48 | €19,831 | €29,448 | +€9,617 | +48.5% |
| Accrued charges and deferred income | 492/3 | €2,577 | €0 | -€2,577 | -100.0% |
| Remuneration, social security and pensions | 62 | €239,059 | €234,438 | -€4,621 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,560 | €58,243 | -€317 | -0.5% |
| Other operating charges | 640/8 | €3,093 | €3,549 | +€456 | +14.7% |
| Gross operating margin | 9900 | €328,788 | €306,784 | -€22,004 | -6.7% |
| Operating profit (loss) | 9901 | €28,076 | €10,554 | -€17,522 | -62.4% |
| Financial income | 75/76B | €198 | €0 | -€198 | -100.0% |
| Recurring financial income | 75 | €198 | €0 | -€198 | -100.0% |
| Financial charges | 65/66B | €17,951 | €15,750 | -€2,202 | -12.3% |
| Recurring financial charges | 65 | €17,951 | €15,750 | -€2,202 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €10,322 | -€5,196 | -€15,518 | |
| Income taxes | 67/77 | €1,578 | €133 | -€1,445 | -91.6% |
| Profit (loss) for the period | 9904 | €8,744 | -€5,329 | -€14,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,744 | -€5,329 | -€14,073 |
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.