FCM: 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.
FCM
Largest movements
- Cash -€74,801
down €74,801 (-99.3%), from €75,348 to €547
mainly Short-term financial debts (-€44,999) and Net result for the year (-€37,900)
- Tangible fixed assets -€32,214
down €32,214 (-64.6%), from €49,879 to €17,665
of which Land and buildings: -€43,789
- Receivables after one year -€13,981
down €13,981 (-7.1%), from €196,076 to €182,095
- Receivables within one year +€5,989
up €5,989 (+61.1%), from €9,805 to €15,795
of which Other amounts receivable: +€5,038
- Short-term financial debts -€44,999
down €44,999 (-100.0%), from €44,999 to €0
- Reserves -€19,114
down €19,114 (-33.9%), from €56,358 to €37,244
of which Tax-exempt reserves: -€19,114
- Profit (loss) carried forward -€18,785
down €18,785 (-15.7%), from €119,761 to €100,976
- Trade debts -€13,652
down €13,652 (-19.2%), from €71,141 to €57,490
- Tax, wage and social debts -€12,683
down €12,683 (-79.4%), from €15,965 to €3,283
- Gross operating margin -€92,346
down €92,346, from €62,273 to -€30,074
- Depreciation -€30,703
down €30,703 (-96.9%), from €31,676 to €973
- Financial charges -€5,256
down €5,256 (-26.8%), from €19,626 to €14,370
of which Financial charges: -€5,256
- Taxes +€4,345
up €4,345, from -€3,956 to €389
- Other operating charges +€2,138
up €2,138 (+55.5%), from €3,850 to €5,988
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 | €333,197 | €217,593 | -€115,605 | -34.7% |
| Fixed assets | 21/28 | €50,879 | €18,665 | -€32,214 | -63.3% |
| Tangible fixed assets | 22/27 | €49,879 | €17,665 | -€32,214 | -64.6% |
| Land and buildings | 22 | €43,789 | €0 | -€43,789 | -100.0% |
| Plant, machinery and equipment | 23 | €5,628 | €0 | -€5,628 | -100.0% |
| Furniture and vehicles | 24 | €462 | €17,665 | +€17,203 | +3725.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €282,319 | €198,928 | -€83,391 | -29.5% |
| Amounts receivable after more than one year | 29 | €196,076 | €182,095 | -€13,981 | -7.1% |
| Other amounts receivable | 291 | €196,076 | €182,095 | -€13,981 | -7.1% |
| Amounts receivable within one year | 40/41 | €9,805 | €15,795 | +€5,989 | +61.1% |
| Trade receivables | 40 | €726 | €1,677 | +€951 | +131.0% |
| Other amounts receivable | 41 | €9,079 | €14,117 | +€5,038 | +55.5% |
| Cash at bank and in hand | 54/58 | €75,348 | €547 | -€74,801 | -99.3% |
| Deferred charges and accrued income | 490/1 | €1,090 | €492 | -€598 | -54.9% |
| Total equity and liabilities | 10/49 | €333,197 | €217,593 | -€115,605 | -34.7% |
| Equity | 10/15 | €194,720 | €156,820 | -€37,900 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,358 | €37,244 | -€19,114 | -33.9% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €19,114 | €0 | -€19,114 | -100.0% |
| Distributable reserves | 133 | €37,244 | €37,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,761 | €100,976 | -€18,785 | -15.7% |
| Provisions and deferred taxes | 16 | €6,372 | €0 | -€6,372 | -100.0% |
| Deferred taxes | 168 | €6,372 | €0 | -€6,372 | -100.0% |
| Amounts payable | 17/49 | €132,106 | €60,773 | -€71,333 | -54.0% |
| Amounts payable within one year | 42/48 | €132,106 | €60,773 | -€71,333 | -54.0% |
| Financial debts | 43 | €44,999 | €0 | -€44,999 | -100.0% |
| Credit institutions | 430/8 | €44,999 | €0 | -€44,999 | -100.0% |
| Trade debts | 44 | €71,141 | €57,490 | -€13,652 | -19.2% |
| Suppliers | 440/4 | €71,141 | €57,490 | -€13,652 | -19.2% |
| Taxes, remuneration and social security | 45 | €15,965 | €3,283 | -€12,683 | -79.4% |
| Taxes | 450/3 | €15,965 | €3,283 | -€12,683 | -79.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €13,878 | €0 | -€13,878 | -100.0% |
| Remuneration, social security and pensions | 62 | €42 | €1 | -€41 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,676 | €973 | -€30,703 | -96.9% |
| Other operating charges | 640/8 | €3,850 | €5,988 | +€2,138 | +55.5% |
| Gross operating margin | 9900 | €62,273 | -€30,074 | -€92,346 | |
| Operating profit (loss) | 9901 | €26,704 | -€37,036 | -€63,740 | |
| Financial income | 75/76B | €8,993 | €7,524 | -€1,469 | -16.3% |
| Recurring financial income | 75 | €8,993 | €7,524 | -€1,469 | -16.3% |
| Financial charges | 65/66B | €19,626 | €14,370 | -€5,256 | -26.8% |
| Recurring financial charges | 65 | €19,626 | €14,370 | -€5,256 | -26.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €16,071 | -€43,882 | -€59,954 | |
| Transfer from deferred taxes | 780 | €4,983 | €6,372 | +€1,389 | +27.9% |
| Income taxes | 67/77 | -€3,956 | €389 | +€4,345 | |
| Profit (loss) for the period | 9904 | €25,010 | -€37,900 | -€62,910 | |
| Transfer from tax-exempt reserves | 789 | €14,949 | €19,114 | +€4,165 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,959 | -€18,785 | -€58,745 |
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 6 October 2026 via checked.be.