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 -€8,263
down €8,263 (-8.3%), from €99,224 to €90,962
of which Other amounts receivable: -€9,089
- Tangible fixed assets +€6,092
up €6,092 (+21.3%), from €28,597 to €34,689
of which Furniture and vehicles: +€8,008
- Deferred charges and accrued income +€1,444
up €1,444 (+72.8%), from €1,984 to €3,428
- Tax, wage and social debts -€7,470
down €7,470 (-27.6%), from €27,029 to €19,559
of which Taxes: -€7,509
- Current portion of long-term debt +€6,705
up €6,705 (+591.5%), from €1,134 to €7,838
- Trade debts +€6,415
up €6,415 (+75.1%), from €8,541 to €14,957
- Reserves -€6,390
down €6,390 (-11.9%), from €53,733 to €47,343
- Gross operating margin +€5,162
up €5,162 (+87.1%), from -€5,928 to -€766
- Financial charges +€1,171
up €1,171 (+41.6%), from €2,816 to €3,986
- Depreciation +€962
up €962 (+51.0%), from €1,886 to €2,848
- Financial income -€735
down €735 (-13.6%), from €5,404 to €4,669
- Taxes +€341
up €341 (+47.7%), from €715 to €1,056
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,805 | €129,079 | -€726 | -0.6% |
| Fixed assets | 21/28 | €28,597 | €34,689 | +€6,092 | +21.3% |
| Tangible fixed assets | 22/27 | €28,597 | €34,689 | +€6,092 | +21.3% |
| Land and buildings | 22 | €27,784 | €25,869 | -€1,915 | -6.9% |
| Furniture and vehicles | 24 | €813 | €8,820 | +€8,008 | +985.1% |
| Current assets | 29/58 | €101,209 | €94,390 | -€6,819 | -6.7% |
| Amounts receivable within one year | 40/41 | €99,224 | €90,962 | -€8,263 | -8.3% |
| Trade receivables | 40 | €12,332 | €13,159 | +€827 | +6.7% |
| Other amounts receivable | 41 | €86,892 | €77,803 | -€9,089 | -10.5% |
| Deferred charges and accrued income | 490/1 | €1,984 | €3,428 | +€1,444 | +72.8% |
| Total equity and liabilities | 10/49 | €129,805 | €129,079 | -€726 | -0.6% |
| Equity | 10/15 | €56,233 | €49,843 | -€6,390 | -11.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €53,733 | €47,343 | -€6,390 | -11.9% |
| Distributable reserves | 133 | €53,733 | €47,343 | -€6,390 | -11.9% |
| Amounts payable | 17/49 | €73,572 | €79,236 | +€5,663 | +7.7% |
| Amounts payable after more than one year | 17 | €22,410 | €21,790 | -€620 | -2.8% |
| Financial debts | 170/4 | €22,410 | €21,790 | -€620 | -2.8% |
| Amounts payable within one year | 42/48 | €50,874 | €57,145 | +€6,272 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €1,134 | €7,838 | +€6,705 | +591.5% |
| Financial debts | 43 | €14,170 | €14,791 | +€621 | +4.4% |
| Credit institutions | 430/8 | €14,170 | €14,791 | +€621 | +4.4% |
| Trade debts | 44 | €8,541 | €14,957 | +€6,415 | +75.1% |
| Suppliers | 440/4 | €8,541 | €14,957 | +€6,415 | +75.1% |
| Taxes, remuneration and social security | 45 | €27,029 | €19,559 | -€7,470 | -27.6% |
| Taxes | 450/3 | €24,428 | €16,919 | -€7,509 | -30.7% |
| Remuneration and social security | 454/9 | €2,601 | €2,640 | +€39 | +1.5% |
| Accrued charges and deferred income | 492/3 | €288 | €300 | +€12 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €2,848 | +€962 | +51.0% |
| Other operating charges | 640/8 | €2,074 | €2,402 | +€328 | +15.8% |
| Gross operating margin | 9900 | -€5,928 | -€766 | +€5,162 | +87.1% |
| Operating profit (loss) | 9901 | -€9,889 | -€6,016 | +€3,873 | +39.2% |
| Financial income | 75/76B | €5,404 | €4,669 | -€735 | -13.6% |
| Recurring financial income | 75 | €5,404 | €4,669 | -€735 | -13.6% |
| Financial charges | 65/66B | €2,816 | €3,986 | +€1,171 | +41.6% |
| Recurring financial charges | 65 | €2,816 | €3,986 | +€1,171 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,300 | -€5,333 | +€1,967 | +26.9% |
| Income taxes | 67/77 | €715 | €1,056 | +€341 | +47.7% |
| Profit (loss) for the period | 9904 | -€8,016 | -€6,390 | +€1,626 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,016 | -€6,390 | +€1,626 | +20.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.