FBM Connect: 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 Connect
Largest movements
- Cash -€31,826
down €31,826 (-86.7%), from €36,701 to €4,875
mainly Investment in fixed assets (net) (-€39,537) and Net result for the year (-€16,098)
- Tangible fixed assets +€19,987
up €19,987 (+113.8%), from €17,556 to €37,543
of which Furniture and vehicles: +€24,430
- Receivables within one year +€4,961
up €4,961 (+51.6%), from €9,616 to €14,578
of which Trade receivables: +€5,260
- Deferred charges and accrued income +€1,853
up €1,853 (+126.7%), from €1,463 to €3,316
- Profit (loss) carried forward -€16,098
down €16,098 (-56.5%), from €28,514 to €12,417
- Debts after one year +€10,871
up €10,871 (+204.1%), from €5,326 to €16,197
- Trade debts -€3,685
down €3,685 (-36.9%), from €9,978 to €6,293
- Current portion of long-term debt +€3,267
up €3,267 (+34.1%), from €9,586 to €12,853
- Gross operating margin -€23,905
down €23,905 (-75.1%), from €31,822 to €7,917
- Depreciation +€7,157
up €7,157 (+57.8%), from €12,393 to €19,550
- Taxes -€4,459
down €4,459 (-91.5%), from €4,874 to €415
- Financial charges +€705
up €705 (+65.4%), from €1,077 to €1,781
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 | €65,336 | €60,312 | -€5,024 | -7.7% |
| Fixed assets | 21/28 | €17,556 | €37,543 | +€19,987 | +113.8% |
| Tangible fixed assets | 22/27 | €17,556 | €37,543 | +€19,987 | +113.8% |
| Plant, machinery and equipment | 23 | €1,983 | €8,533 | +€6,550 | +330.3% |
| Furniture and vehicles | 24 | - | €24,430 | +€24,430 | |
| Leasing and similar rights | 25 | €15,573 | €4,580 | -€10,993 | -70.6% |
| Current assets | 29/58 | €47,780 | €22,769 | -€25,011 | -52.3% |
| Amounts receivable within one year | 40/41 | €9,616 | €14,578 | +€4,961 | +51.6% |
| Trade receivables | 40 | €5,200 | €10,460 | +€5,260 | +101.2% |
| Other amounts receivable | 41 | €4,416 | €4,118 | -€299 | -6.8% |
| Cash at bank and in hand | 54/58 | €36,701 | €4,875 | -€31,826 | -86.7% |
| Deferred charges and accrued income | 490/1 | €1,463 | €3,316 | +€1,853 | +126.7% |
| Total equity and liabilities | 10/49 | €65,336 | €60,312 | -€5,024 | -7.7% |
| Equity | 10/15 | €35,070 | €18,972 | -€16,098 | -45.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €355 | €355 | = | 0.0% |
| Distributable reserves | 133 | €355 | €355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,514 | €12,417 | -€16,098 | -56.5% |
| Amounts payable | 17/49 | €30,266 | €41,340 | +€11,074 | +36.6% |
| Amounts payable after more than one year | 17 | €5,326 | €16,197 | +€10,871 | +204.1% |
| Financial debts | 170/4 | €5,326 | €16,197 | +€10,871 | +204.1% |
| Amounts payable within one year | 42/48 | €24,941 | €25,143 | +€203 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €9,586 | €12,853 | +€3,267 | +34.1% |
| Trade debts | 44 | €9,978 | €6,293 | -€3,685 | -36.9% |
| Suppliers | 440/4 | €9,978 | €6,293 | -€3,685 | -36.9% |
| Taxes, remuneration and social security | 45 | €5,377 | €5,997 | +€620 | +11.5% |
| Taxes | 450/3 | €5,283 | €5,903 | +€620 | +11.7% |
| Remuneration and social security | 454/9 | €94 | €94 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,393 | €19,550 | +€7,157 | +57.8% |
| Other operating charges | 640/8 | €2,343 | €2,268 | -€75 | -3.2% |
| Gross operating margin | 9900 | €31,822 | €7,917 | -€23,905 | -75.1% |
| Operating profit (loss) | 9901 | €17,087 | -€13,901 | -€30,988 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,077 | €1,781 | +€705 | +65.4% |
| Recurring financial charges | 65 | €1,077 | €1,781 | +€705 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | €16,010 | -€15,683 | -€31,693 | |
| Income taxes | 67/77 | €4,874 | €415 | -€4,459 | -91.5% |
| Profit (loss) for the period | 9904 | €11,136 | -€16,098 | -€27,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,136 | -€16,098 | -€27,234 |
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 6 October 2026 via checked.be.