FCMX: 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.
FCMX
Largest movements
- Cash +€150,722
up €150,722 (+192.9%), from €78,124 to €228,846
mainly Receivables within one year (+€150,110) and Depreciation (+€76,108)
- Receivables within one year -€150,110
down €150,110 (-36.8%), from €408,378 to €258,269
- Tangible fixed assets -€76,108
down €76,108 (-4.2%), from €1.8m to €1.7m
of which Land and buildings: -€69,593
- Financial fixed assets -€40,000
down €40,000 (-99.4%), from €40,256 to €256
- Profit (loss) carried forward -€72,270
down €72,270 (-6.5%), from €1.1m to €1.0m
- Debts after one year -€44,206
down €44,206 (-4.2%), from €1.0m to €998,754
- Depreciation -€47,663
down €47,663 (-38.5%), from €123,771 to €76,108
- Financial charges +€37,710
up €37,710 (+94.3%), from €39,971 to €77,680
of which Non-recurring financial charges: +€40,000
- Gross operating margin +€4,606
up €4,606 (+5.3%), from €87,609 to €92,216
- Financial income -€1,579
down €1,579 (-74.0%), from €2,134 to €555
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 | €2,324,619 | €2,210,201 | -€114,418 | -4.9% |
| Fixed assets | 21/28 | €1,838,117 | €1,722,009 | -€116,108 | -6.3% |
| Tangible fixed assets | 22/27 | €1,797,861 | €1,721,753 | -€76,108 | -4.2% |
| Land and buildings | 22 | €1,763,231 | €1,693,639 | -€69,593 | -3.9% |
| Plant, machinery and equipment | 23 | €30,877 | €26,362 | -€4,515 | -14.6% |
| Furniture and vehicles | 24 | €2,564 | €564 | -€2,000 | -78.0% |
| Assets under construction and advance payments | 27 | €1,188 | €1,188 | = | 0.0% |
| Financial fixed assets | 28 | €40,256 | €256 | -€40,000 | -99.4% |
| Current assets | 29/58 | €486,502 | €488,192 | +€1,690 | +0.3% |
| Amounts receivable within one year | 40/41 | €408,378 | €258,269 | -€150,110 | -36.8% |
| Other amounts receivable | 41 | €408,378 | €258,269 | -€150,110 | -36.8% |
| Cash at bank and in hand | 54/58 | €78,124 | €228,846 | +€150,722 | +192.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,077 | +€1,077 | |
| Total equity and liabilities | 10/49 | €2,324,619 | €2,210,201 | -€114,418 | -4.9% |
| Equity | 10/15 | €1,238,978 | €1,166,708 | -€72,270 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,410 | €113,410 | = | 0.0% |
| 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 | €111,550 | €111,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,106,968 | €1,034,698 | -€72,270 | -6.5% |
| Amounts payable | 17/49 | €1,085,641 | €1,043,493 | -€42,148 | -3.9% |
| Amounts payable after more than one year | 17 | €1,042,960 | €998,754 | -€44,206 | -4.2% |
| Financial debts | 170/4 | €1,042,960 | €998,754 | -€44,206 | -4.2% |
| Amounts payable within one year | 42/48 | €42,680 | €44,739 | +€2,058 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €42,680 | €44,206 | +€1,526 | +3.6% |
| Trade debts | 44 | €0 | €532 | +€532 | |
| Suppliers | 440/4 | €0 | €532 | +€532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,771 | €76,108 | -€47,663 | -38.5% |
| Other operating charges | 640/8 | €10,926 | €11,253 | +€326 | +3.0% |
| Gross operating margin | 9900 | €87,609 | €92,216 | +€4,606 | +5.3% |
| Operating profit (loss) | 9901 | -€47,087 | €4,855 | +€51,943 | |
| Financial income | 75/76B | €2,134 | €555 | -€1,579 | -74.0% |
| Recurring financial income | 75 | €2,134 | €555 | -€1,579 | -74.0% |
| Financial charges | 65/66B | €39,971 | €77,680 | +€37,710 | +94.3% |
| Recurring financial charges | 65 | €39,971 | €37,680 | -€2,290 | -5.7% |
| Non-recurring financial charges | 66B | - | €40,000 | +€40,000 | |
| Profit (loss) for the period before taxes | 9903 | -€84,924 | -€72,270 | +€12,654 | +14.9% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€84,924 | -€72,270 | +€12,654 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,924 | -€72,270 | +€12,654 | +14.9% |
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 1 October 2026 via checked.be.