FCLM: what changed
Two financial 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.
FCLM
Largest movements
- Receivables within one year +€61,159
up €61,159 (+6,471%), from €945 to €62,104
of which Trade receivables: +€61,036
- Tangible fixed assets -€38,577
down €38,577 (-9.8%), from €393,844 to €355,267
of which Land and buildings: -€39,776
- Stocks and contracts +€32,846
up €32,846 (+19.8%), from €165,732 to €198,578
- Cash -€16,239
down €16,239 (-12.0%), from €135,458 to €119,219
mainly Receivables within one year (-€61,159) and Stocks and contracts (-€32,846)
- Trade debts +€64,161
up €64,161 (+76.6%), from €83,794 to €147,955
- Debts after one year -€27,581
down €27,581 (-10.0%), from €276,345 to €248,764
- Revaluation surpluses -€25,011
down €25,011 (-11.1%), from €225,103 to €200,092
- Reserves +€25,011
up €25,011 (+7.1%), from €354,748 to €379,759
- Other debts -€12,379
down €12,379 (-15.3%), from €81,119 to €68,740
- Gross operating margin +€54,004
up €54,004 (+24.0%), from €225,275 to €279,278
- Financial charges -€32,956
down €32,956 (-64.1%), from €51,422 to €18,466
- Staff costs +€19,901
up €19,901 (+12.6%), from €157,843 to €177,744
- Taxes +€11,476
up €11,476 (+664%), from €1,729 to €13,204
- Other operating charges +€5,687
up €5,687 (+112%), from €5,059 to €10,747
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.
Derived cash bridge
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 | €730,312 | €763,033 | +€32,721 | +4.5% |
| Fixed assets | 21/28 | €417,020 | €378,443 | -€38,577 | -9.3% |
| Tangible fixed assets | 22/27 | €393,844 | €355,267 | -€38,577 | -9.8% |
| Land and buildings | 22 | €390,297 | €350,521 | -€39,776 | -10.2% |
| Plant, machinery and equipment | 23 | €592 | €1,059 | +€467 | +78.9% |
| Furniture and vehicles | 24 | €2,955 | €3,687 | +€732 | +24.8% |
| Financial fixed assets | 28 | €23,176 | €23,176 | = | 0.0% |
| Current assets | 29/58 | €313,291 | €384,589 | +€71,298 | +22.8% |
| Stocks and contracts in progress | 3 | €165,732 | €198,578 | +€32,846 | +19.8% |
| Stocks | 30/36 | €165,732 | €198,578 | +€32,846 | +19.8% |
| Amounts receivable within one year | 40/41 | €945 | €62,104 | +€61,159 | +6,471% |
| Trade receivables | 40 | €715 | €61,751 | +€61,036 | +8,531% |
| Other amounts receivable | 41 | €230 | €353 | +€123 | +53.6% |
| Cash at bank and in hand | 54/58 | €135,458 | €119,219 | -€16,239 | -12.0% |
| Deferred charges and accrued income | 490/1 | €11,156 | €4,688 | -€6,467 | -58.0% |
| Total equity and liabilities | 10/49 | €730,312 | €763,033 | +€32,721 | +4.5% |
| Equity | 10/15 | €187,903 | €198,305 | +€10,402 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €225,103 | €200,092 | -€25,011 | -11.1% |
| Reserves | 13 | €354,748 | €379,759 | +€25,011 | +7.1% |
| Distributable reserves | 133 | €354,748 | €379,759 | +€25,011 | +7.1% |
| Profit (loss) carried forward | 14 | -€398,148 | -€387,746 | +€10,402 | +2.6% |
| Amounts payable | 17/49 | €542,409 | €564,728 | +€22,319 | +4.1% |
| Amounts payable after more than one year | 17 | €276,345 | €248,764 | -€27,581 | -10.0% |
| Financial debts | 170/4 | €276,345 | €248,764 | -€27,581 | -10.0% |
| Amounts payable within one year | 42/48 | €266,064 | €315,964 | +€49,900 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €26,277 | €27,581 | +€1,304 | +5.0% |
| Trade debts | 44 | €83,794 | €147,955 | +€64,161 | +76.6% |
| Suppliers | 440/4 | €83,794 | €147,955 | +€64,161 | +76.6% |
| Taxes, remuneration and social security | 45 | €74,874 | €71,687 | -€3,187 | -4.3% |
| Taxes | 450/3 | €36,862 | €45,650 | +€8,788 | +23.8% |
| Remuneration and social security | 454/9 | €38,011 | €26,037 | -€11,974 | -31.5% |
| Other amounts payable | 47/48 | €81,119 | €68,740 | -€12,379 | -15.3% |
| Remuneration, social security and pensions | 62 | €157,843 | €177,744 | +€19,901 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,099 | €47,211 | -€888 | -1.8% |
| Other operating charges | 640/8 | €5,059 | €10,747 | +€5,687 | +112% |
| Non-recurring operating charges | 66A | - | €684 | +€684 | |
| Gross operating margin | 9900 | €225,275 | €279,278 | +€54,004 | +24.0% |
| Operating profit (loss) | 9901 | €14,273 | €42,892 | +€28,619 | +201% |
| Financial income | 75/76B | €3,358 | €850 | -€2,509 | -74.7% |
| Recurring financial income | 75 | €3,358 | €850 | -€2,509 | -74.7% |
| Financial charges | 65/66B | €51,422 | €18,466 | -€32,956 | -64.1% |
| Recurring financial charges | 65 | €51,422 | €18,466 | -€32,956 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,791 | €25,275 | +€59,066 | |
| Income taxes | 67/77 | €1,729 | €13,204 | +€11,476 | +664% |
| Profit (loss) for the period | 9904 | -€35,519 | €12,071 | +€47,590 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,519 | €12,071 | +€47,590 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.