FCMP: 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.
FCMP
Largest movements
- Financial fixed assets +€204,374
up €204,374 (+102%), from €199,735 to €404,109
- Cash -€60,300
down €60,300 (-92.8%), from €65,002 to €4,702
mainly Investment in fixed assets (net) (-€232,301) and Contributions, distributions and other (-€33,341)
- Receivables within one year +€32,259
up €32,259 (+27.4%), from €117,741 to €150,000
of which Other amounts receivable: +€61,954
- Tangible fixed assets +€9,456
up €9,456 (+21.3%), from €44,360 to €53,817
of which Furniture and vehicles: +€9,899
- Other debts +€56,536
up €56,536 (+700%), from €8,074 to €64,609
- Debts after one year +€50,117
up €50,117 (+542%), from €9,249 to €59,366
- Reserves +€42,418
up €42,418 (+12.3%), from €346,227 to €388,645
- Current portion of long-term debt +€28,698
up €28,698 (+187%), from €15,373 to €44,071
- Short-term financial debts +€16,370
new in 2025: €16,370
- Gross operating margin -€26,776
down €26,776 (-15.8%), from €169,515 to €142,739
- Taxes -€5,515
down €5,515 (-12.9%), from €42,870 to €37,355
- Financial charges +€2,425
up €2,425 (+120%), from €2,017 to €4,442
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 | €428,365 | €614,897 | +€186,532 | +43.5% |
| Fixed assets | 21/28 | €244,095 | €457,926 | +€213,830 | +87.6% |
| Tangible fixed assets | 22/27 | €44,360 | €53,817 | +€9,456 | +21.3% |
| Plant, machinery and equipment | 23 | €1,093 | €651 | -€442 | -40.5% |
| Furniture and vehicles | 24 | €43,268 | €53,166 | +€9,899 | +22.9% |
| Financial fixed assets | 28 | €199,735 | €404,109 | +€204,374 | +102% |
| Current assets | 29/58 | €184,270 | €156,971 | -€27,299 | -14.8% |
| Amounts receivable within one year | 40/41 | €117,741 | €150,000 | +€32,259 | +27.4% |
| Trade receivables | 40 | €43,047 | €13,351 | -€29,695 | -69.0% |
| Other amounts receivable | 41 | €74,694 | €136,649 | +€61,954 | +82.9% |
| Cash at bank and in hand | 54/58 | €65,002 | €4,702 | -€60,300 | -92.8% |
| Deferred charges and accrued income | 490/1 | €1,527 | €2,269 | +€743 | +48.6% |
| Total equity and liabilities | 10/49 | €428,365 | €614,897 | +€186,532 | +43.5% |
| Equity | 10/15 | €366,227 | €408,645 | +€42,418 | +11.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €346,227 | €388,645 | +€42,418 | +12.3% |
| Distributable reserves | 133 | €346,227 | €388,645 | +€42,418 | +12.3% |
| Amounts payable | 17/49 | €62,138 | €206,252 | +€144,114 | +232% |
| Amounts payable after more than one year | 17 | €9,249 | €59,366 | +€50,117 | +542% |
| Financial debts | 170/4 | €9,249 | €59,366 | +€50,117 | +542% |
| Amounts payable within one year | 42/48 | €52,889 | €146,886 | +€93,997 | +178% |
| Current portion of amounts payable after more than one year | 42 | €15,373 | €44,071 | +€28,698 | +187% |
| Financial debts | 43 | - | €16,370 | +€16,370 | |
| Credit institutions | 430/8 | - | €16,370 | +€16,370 | |
| Trade debts | 44 | €2,650 | €3,170 | +€520 | +19.6% |
| Suppliers | 440/4 | €2,650 | €3,170 | +€520 | +19.6% |
| Taxes, remuneration and social security | 45 | €26,793 | €18,666 | -€8,128 | -30.3% |
| Taxes | 450/3 | €26,793 | €18,666 | -€8,128 | -30.3% |
| Other amounts payable | 47/48 | €8,074 | €64,609 | +€56,536 | +700% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,624 | €18,470 | -€1,154 | -5.9% |
| Other operating charges | 640/8 | €3,228 | €3,948 | +€720 | +22.3% |
| Non-recurring operating charges | 66A | - | €2,908 | +€2,908 | |
| Gross operating margin | 9900 | €169,515 | €142,739 | -€26,776 | -15.8% |
| Operating profit (loss) | 9901 | €146,663 | €117,413 | -€29,250 | -19.9% |
| Financial income | 75/76B | €162 | €142 | -€20 | -12.2% |
| Recurring financial income | 75 | €162 | €142 | -€20 | -12.2% |
| Financial charges | 65/66B | €2,017 | €4,442 | +€2,425 | +120% |
| Recurring financial charges | 65 | €2,017 | €4,442 | +€2,425 | +120% |
| Profit (loss) for the period before taxes | 9903 | €144,808 | €113,114 | -€31,694 | -21.9% |
| Income taxes | 67/77 | €42,870 | €37,355 | -€5,515 | -12.9% |
| Profit (loss) for the period | 9904 | €101,938 | €75,759 | -€26,179 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €101,938 | €75,759 | -€26,179 | -25.7% |
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 15 October 2026 via checked.be.