FIEMACON: 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.
FIEMACON
Largest movements
- Tangible fixed assets +€152,560
up €152,560 (+16.5%), from €926,295 to €1.1m
of which Leasing and similar rights: +€177,096
- Receivables within one year +€30,803
up €30,803 (+14.8%), from €207,580 to €238,382
of which Other amounts receivable: +€21,859
- Stocks and contracts +€24,000
up €24,000 (+3.8%), from €626,000 to €650,000
- Deferred charges and accrued income +€23,554
up €23,554 (+6248.2%), from €377 to €23,931
- Debts after one year +€91,832
up €91,832 (+19.4%), from €474,553 to €566,385
- Reserves +€55,304
up €55,304 (+10.9%), from €508,426 to €563,729
of which Distributable reserves: +€55,304
- Current portion of long-term debt +€50,472
up €50,472 (+16.0%), from €315,067 to €365,539
- Investment grants +€28,661
up €28,661 (+14.0%), from €205,257 to €233,919
- Other debts -€25,720
down €25,720 (-28.1%), from €91,655 to €65,936
- Gross operating margin +€246,582
up €246,582 (+61.4%), from €401,692 to €648,274
- Staff costs +€91,817
up €91,817 (+98.3%), from €93,434 to €185,251
- Taxes +€19,993
up €19,993, from -€10,920 to €9,073
- Depreciation +€19,466
up €19,466 (+6.4%), from €303,577 to €323,043
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 | €1,823,279 | €2,065,366 | +€242,087 | +13.3% |
| Fixed assets | 21/28 | €926,295 | €1,078,855 | +€152,560 | +16.5% |
| Tangible fixed assets | 22/27 | €926,295 | €1,078,855 | +€152,560 | +16.5% |
| Land and buildings | 22 | €70,412 | €75,882 | +€5,470 | +7.8% |
| Plant, machinery and equipment | 23 | €521,274 | €463,348 | -€57,926 | -11.1% |
| Furniture and vehicles | 24 | €16,669 | €44,589 | +€27,920 | +167.5% |
| Leasing and similar rights | 25 | €317,940 | €495,036 | +€177,096 | +55.7% |
| Current assets | 29/58 | €896,984 | €986,511 | +€89,527 | +10.0% |
| Stocks and contracts in progress | 3 | €626,000 | €650,000 | +€24,000 | +3.8% |
| Stocks | 30/36 | €626,000 | €650,000 | +€24,000 | +3.8% |
| Amounts receivable within one year | 40/41 | €207,580 | €238,382 | +€30,803 | +14.8% |
| Trade receivables | 40 | €191,839 | €200,783 | +€8,943 | +4.7% |
| Other amounts receivable | 41 | €15,740 | €37,600 | +€21,859 | +138.9% |
| Cash at bank and in hand | 54/58 | €63,027 | €74,197 | +€11,170 | +17.7% |
| Deferred charges and accrued income | 490/1 | €377 | €23,931 | +€23,554 | +6248.2% |
| Total equity and liabilities | 10/49 | €1,823,279 | €2,065,366 | +€242,087 | +13.3% |
| Equity | 10/15 | €719,883 | €803,848 | +€83,965 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €508,426 | €563,729 | +€55,304 | +10.9% |
| 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 | €506,566 | €561,869 | +€55,304 | +10.9% |
| Investment grants | 15 | €205,257 | €233,919 | +€28,661 | +14.0% |
| Provisions and deferred taxes | 16 | €12,724 | €14,177 | +€1,454 | +11.4% |
| Deferred taxes | 168 | €12,724 | €14,177 | +€1,454 | +11.4% |
| Amounts payable | 17/49 | €1,090,672 | €1,247,341 | +€156,669 | +14.4% |
| Amounts payable after more than one year | 17 | €474,553 | €566,385 | +€91,832 | +19.4% |
| Financial debts | 170/4 | €474,553 | €566,385 | +€91,832 | +19.4% |
| Amounts payable within one year | 42/48 | €616,118 | €680,956 | +€64,837 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €315,067 | €365,539 | +€50,472 | +16.0% |
| Trade debts | 44 | €200,866 | €215,528 | +€14,662 | +7.3% |
| Suppliers | 440/4 | €200,866 | €215,528 | +€14,662 | +7.3% |
| Taxes, remuneration and social security | 45 | €8,531 | €33,953 | +€25,422 | +298.0% |
| Taxes | 450/3 | €1,335 | €1,820 | +€485 | +36.3% |
| Remuneration and social security | 454/9 | €7,196 | €32,133 | +€24,938 | +346.6% |
| Other amounts payable | 47/48 | €91,655 | €65,936 | -€25,720 | -28.1% |
| Non-recurring operating income | 76A | €500 | €2,688 | +€2,188 | +437.7% |
| Remuneration, social security and pensions | 62 | €93,434 | €185,251 | +€91,817 | +98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,577 | €323,043 | +€19,466 | +6.4% |
| Other operating charges | 640/8 | €3,990 | €4,040 | +€50 | +1.2% |
| Gross operating margin | 9900 | €401,692 | €648,274 | +€246,582 | +61.4% |
| Operating profit (loss) | 9901 | €691 | €135,940 | +€135,249 | +19584.6% |
| Financial income | 75/76B | €63,823 | €67,895 | +€4,072 | +6.4% |
| Recurring financial income | 75 | €63,823 | €67,895 | +€4,072 | +6.4% |
| Financial charges | 65/66B | €46,559 | €42,076 | -€4,483 | -9.6% |
| Recurring financial charges | 65 | €46,559 | €42,076 | -€4,483 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €17,955 | €161,759 | +€143,803 | +800.9% |
| Transfer from deferred taxes | 780 | €3,404 | €3,595 | +€191 | +5.6% |
| Transfer to deferred taxes | 680 | - | €5,049 | +€5,049 | |
| Income taxes | 67/77 | -€10,920 | €9,073 | +€19,993 | |
| Profit (loss) for the period | 9904 | €32,279 | €151,232 | +€118,952 | +368.5% |
| Transfer to tax-exempt reserves | 689 | - | €95,928 | +€95,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,279 | €55,304 | +€23,024 | +71.3% |
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 8 October 2026 via checked.be.