FCJM: 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.
FCJM
Largest movements
- Cash +€39,868
up €39,868 (+228.2%), from €17,468 to €57,336
mainly Other debts (+€38,711) and Net result for the year (+€31,734)
- Provisions -€40,699
down €40,699 (-6.8%), from €600,761 to €560,062
- Other debts +€38,711
up €38,711 (+3.1%), from €1.3m to €1.3m
- Reserves +€31,734
up €31,734 (+11.5%), from €277,094 to €308,828
of which Distributable reserves: +€31,734
- Gross operating margin +€5,909
up €5,909 (+9.8%), from €60,081 to €65,990
- Taxes +€2,294
up €2,294 (+18.3%), from €12,515 to €14,809
- Financial charges -€1,300
down €1,300 (-6.3%), from €20,747 to €19,447
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 | €2,168,126 | €2,197,336 | +€29,210 | +1.3% |
| Fixed assets | 21/28 | €2,140,000 | €2,140,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,140,000 | €2,140,000 | = | 0.0% |
| Current assets | 29/58 | €28,126 | €57,336 | +€29,210 | +103.9% |
| Amounts receivable within one year | 40/41 | €10,658 | - | -€10,658 | |
| Other amounts receivable | 41 | €10,658 | - | -€10,658 | |
| Cash at bank and in hand | 54/58 | €17,468 | €57,336 | +€39,868 | +228.2% |
| Total equity and liabilities | 10/49 | €2,168,126 | €2,197,336 | +€29,210 | +1.3% |
| Equity | 10/15 | €295,694 | €327,428 | +€31,734 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €277,094 | €308,828 | +€31,734 | +11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €275,234 | €306,968 | +€31,734 | +11.5% |
| Provisions and deferred taxes | 16 | €600,761 | €560,062 | -€40,699 | -6.8% |
| Provisions for liabilities and charges | 160/5 | €600,761 | €560,062 | -€40,699 | -6.8% |
| Environmental obligations | 163 | €600,761 | - | -€600,761 | |
| Other liabilities and charges | 164/5 | - | €560,062 | +€560,062 | |
| Amounts payable | 17/49 | €1,271,670 | €1,309,846 | +€38,176 | +3.0% |
| Amounts payable within one year | 42/48 | €1,271,670 | €1,309,846 | +€38,176 | +3.0% |
| Taxes, remuneration and social security | 45 | €5,344 | €4,809 | -€535 | -10.0% |
| Taxes | 450/3 | €5,344 | €4,809 | -€535 | -10.0% |
| Other amounts payable | 47/48 | €1,266,326 | €1,305,037 | +€38,711 | +3.1% |
| Gross operating margin | 9900 | €60,081 | €65,990 | +€5,909 | +9.8% |
| Operating profit (loss) | 9901 | €60,081 | €65,990 | +€5,909 | +9.8% |
| Financial charges | 65/66B | €20,747 | €19,447 | -€1,300 | -6.3% |
| Recurring financial charges | 65 | €20,747 | €19,447 | -€1,300 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €39,334 | €46,543 | +€7,209 | +18.3% |
| Income taxes | 67/77 | €12,515 | €14,809 | +€2,294 | +18.3% |
| Profit (loss) for the period | 9904 | €26,819 | €31,734 | +€4,915 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,819 | €31,734 | +€4,915 | +18.3% |
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 3 October 2026 via checked.be.