FDMC: 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.
FDMC
Largest movements
- Receivables within one year +€38,292
up €38,292 (+47.2%), from €81,108 to €119,400
of which Other amounts receivable: +€65,818
- Cash -€18,952
down €18,952 (-49.4%), from €38,370 to €19,418
mainly Receivables within one year (-€38,292) and Debts after one year (-€10,375)
- Tangible fixed assets -€10,574
down €10,574 (-4.9%), from €216,402 to €205,827
of which Land and buildings: -€10,032
- Financial fixed assets -€7,118
down €7,118 (-50.0%), from €14,235 to €7,118
- Trade debts +€10,740
up €10,740 (+366.8%), from €2,928 to €13,667
- Debts after one year -€10,375
down €10,375 (-6.6%), from €156,982 to €146,607
- Tax, wage and social debts +€5,480
up €5,480 (+239.9%), from €2,285 to €7,765
of which Taxes: +€3,580
- Gross operating margin -€19,770
down €19,770 (-49.6%), from €39,880 to €20,110
- Taxes -€5,128
down €5,128 (-58.6%), from €8,754 to €3,625
- Financial income +€3,253
up €3,253 (+353.3%), from €921 to €4,174
of which Financial income: +€3,843
- Other operating charges -€910
down €910 (-33.2%), from €2,743 to €1,833
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 | €351,779 | €352,919 | +€1,140 | +0.3% |
| Fixed assets | 21/28 | €230,637 | €212,945 | -€17,692 | -7.7% |
| Tangible fixed assets | 22/27 | €216,402 | €205,827 | -€10,574 | -4.9% |
| Land and buildings | 22 | €204,839 | €194,807 | -€10,032 | -4.9% |
| Furniture and vehicles | 24 | €11,146 | €5,510 | -€5,636 | -50.6% |
| Other tangible fixed assets | 26 | €417 | €5,510 | +€5,093 | +1221.2% |
| Financial fixed assets | 28 | €14,235 | €7,118 | -€7,118 | -50.0% |
| Current assets | 29/58 | €121,142 | €139,974 | +€18,832 | +15.5% |
| Amounts receivable within one year | 40/41 | €81,108 | €119,400 | +€38,292 | +47.2% |
| Trade receivables | 40 | €64,239 | €36,713 | -€27,526 | -42.8% |
| Other amounts receivable | 41 | €16,869 | €82,687 | +€65,818 | +390.2% |
| Cash at bank and in hand | 54/58 | €38,370 | €19,418 | -€18,952 | -49.4% |
| Deferred charges and accrued income | 490/1 | €1,664 | €1,156 | -€508 | -30.5% |
| Total equity and liabilities | 10/49 | €351,779 | €352,919 | +€1,140 | +0.3% |
| Equity | 10/15 | €177,629 | €174,505 | -€3,124 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €159,029 | €155,905 | -€3,124 | -2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €159,029 | €155,905 | -€3,124 | -2.0% |
| Amounts payable | 17/49 | €174,150 | €178,414 | +€4,264 | +2.4% |
| Amounts payable after more than one year | 17 | €156,982 | €146,607 | -€10,375 | -6.6% |
| Financial debts | 170/4 | €156,982 | €146,607 | -€10,375 | -6.6% |
| Amounts payable within one year | 42/48 | €17,168 | €31,807 | +€14,639 | +85.3% |
| Current portion of amounts payable after more than one year | 42 | €10,086 | €10,375 | +€289 | +2.9% |
| Trade debts | 44 | €2,928 | €13,667 | +€10,740 | +366.8% |
| Suppliers | 440/4 | €2,928 | €13,667 | +€10,740 | +366.8% |
| Taxes, remuneration and social security | 45 | €2,285 | €7,765 | +€5,480 | +239.9% |
| Taxes | 450/3 | €2,285 | €5,865 | +€3,580 | +156.7% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Other amounts payable | 47/48 | €1,870 | €0 | -€1,870 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,014 | €17,203 | +€189 | +1.1% |
| Other operating charges | 640/8 | €2,743 | €1,833 | -€910 | -33.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €39,880 | €20,110 | -€19,770 | -49.6% |
| Operating profit (loss) | 9901 | €20,123 | €1,074 | -€19,049 | -94.7% |
| Financial income | 75/76B | €921 | €4,174 | +€3,253 | +353.3% |
| Recurring financial income | 75 | €331 | €4,174 | +€3,843 | +1161.5% |
| Non-recurring financial income | 76B | €590 | €0 | -€590 | -100.0% |
| Financial charges | 65/66B | €5,042 | €4,746 | -€296 | -5.9% |
| Recurring financial charges | 65 | €5,042 | €4,746 | -€296 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €16,002 | €502 | -€15,500 | -96.9% |
| Income taxes | 67/77 | €8,754 | €3,625 | -€5,128 | -58.6% |
| Profit (loss) for the period | 9904 | €7,248 | -€3,124 | -€10,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,248 | -€3,124 | -€10,372 |
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 29 September 2026 via checked.be.