FBM: 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.
FBM
Largest movements
- Receivables within one year +€8,845
up €8,845 (+15.8%), from €56,000 to €64,845
- Profit (loss) carried forward +€38,850
up €38,850 (+37.1%), from €104,704 to €143,554
- Debts after one year -€11,649
down €11,649 (-31.6%), from €36,865 to €25,216
- Trade debts -€9,936
down €9,936 (-90.4%), from €10,986 to €1,049
of which Bills of exchange payable: -€10,986
- Other debts -€8,492
down €8,492 (-18.7%), from €45,501 to €37,008
- Gross operating margin +€7,536
up €7,536, from -€3,234 to €4,302
- Financial charges -€1,336
down €1,336 (-95.4%), from €1,401 to €65
- Taxes -€927
down €927 (-100.0%), from €927 to €0
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 | €217,256 | €224,881 | +€7,625 | +3.5% |
| Fixed assets | 21/28 | €160,000 | €160,000 | = | 0.0% |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €57,256 | €64,881 | +€7,625 | +13.3% |
| Amounts receivable within one year | 40/41 | €56,000 | €64,845 | +€8,845 | +15.8% |
| Other amounts receivable | 41 | €56,000 | €64,845 | +€8,845 | +15.8% |
| Cash at bank and in hand | 54/58 | €1,256 | €36 | -€1,220 | -97.1% |
| Total equity and liabilities | 10/49 | €217,256 | €224,881 | +€7,625 | +3.5% |
| Equity | 10/15 | €110,904 | €149,754 | +€38,850 | +35.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,704 | €143,554 | +€38,850 | +37.1% |
| Amounts payable | 17/49 | €106,352 | €75,127 | -€31,225 | -29.4% |
| Amounts payable after more than one year | 17 | €36,865 | €25,216 | -€11,649 | -31.6% |
| Financial debts | 170/4 | €36,865 | €25,216 | -€11,649 | -31.6% |
| Amounts payable within one year | 42/48 | €68,896 | €49,707 | -€19,189 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €12,410 | €11,649 | -€761 | -6.1% |
| Trade debts | 44 | €10,986 | €1,049 | -€9,936 | -90.4% |
| Suppliers | 440/4 | - | €1,049 | +€1,049 | |
| Bills of exchange payable | 441 | €10,986 | - | -€10,986 | |
| Other amounts payable | 47/48 | €45,501 | €37,008 | -€8,492 | -18.7% |
| Accrued charges and deferred income | 492/3 | €591 | €204 | -€387 | -65.5% |
| Other operating charges | 640/8 | €387 | €387 | = | 0.0% |
| Gross operating margin | 9900 | -€3,234 | €4,302 | +€7,536 | |
| Operating profit (loss) | 9901 | -€3,621 | €3,915 | +€7,536 | |
| Financial income | 75/76B | €35,015 | €35,000 | -€15 | 0.0% |
| Recurring financial income | 75 | €35,015 | €35,000 | -€15 | 0.0% |
| Financial charges | 65/66B | €1,401 | €65 | -€1,336 | -95.4% |
| Recurring financial charges | 65 | €1,401 | €65 | -€1,336 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €29,993 | €38,850 | +€8,857 | +29.5% |
| Income taxes | 67/77 | €927 | €0 | -€927 | -100.0% |
| Profit (loss) for the period | 9904 | €29,066 | €38,850 | +€9,784 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,066 | €38,850 | +€9,784 | +33.7% |
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 28 September 2026 via checked.be.