FM&C: 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.
FM&C
Largest movements
- Receivables after one year -€10,000
down €10,000 (-10.5%), from €95,000 to €85,000
- Tangible fixed assets -€4,834
down €4,834 (-2.2%), from €222,972 to €218,139
- Debts after one year -€10,500
down €10,500 (-24.9%), from €42,167 to €31,667
of which Financial debts: -€10,500
- Profit (loss) carried forward -€5,758
down €5,758 (-49.1%), from €11,723 to €5,965
- Gross operating margin -€5,924
down €5,924, from €5,683 to -€241
- Financial charges -€137
down €137 (-7.1%), from €1,933 to €1,796
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 | €361,816 | €346,409 | -€15,407 | -4.3% |
| Fixed assets | 21/28 | €222,972 | €218,139 | -€4,834 | -2.2% |
| Tangible fixed assets | 22/27 | €222,972 | €218,139 | -€4,834 | -2.2% |
| Land and buildings | 22 | €222,972 | €218,139 | -€4,834 | -2.2% |
| Current assets | 29/58 | €138,843 | €128,270 | -€10,573 | -7.6% |
| Amounts receivable after more than one year | 29 | €95,000 | €85,000 | -€10,000 | -10.5% |
| Other amounts receivable | 291 | €95,000 | €85,000 | -€10,000 | -10.5% |
| Amounts receivable within one year | 40/41 | €38,628 | €38,628 | = | 0.0% |
| Other amounts receivable | 41 | €38,628 | €38,628 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,126 | €4,642 | +€516 | +12.5% |
| Deferred charges and accrued income | 490/1 | €1,089 | €0 | -€1,089 | -100.0% |
| Total equity and liabilities | 10/49 | €361,816 | €346,409 | -€15,407 | -4.3% |
| Equity | 10/15 | €223,143 | €217,385 | -€5,758 | -2.6% |
| Contributions | 10/11 | €37,185 | €37,185 | = | 0.0% |
| Reserves | 13 | €174,235 | €174,235 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,201 | €2,201 | = | 0.0% |
| Distributable reserves | 133 | €172,034 | €172,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,723 | €5,965 | -€5,758 | -49.1% |
| Amounts payable | 17/49 | €138,673 | €129,024 | -€9,649 | -7.0% |
| Amounts payable after more than one year | 17 | €42,167 | €31,667 | -€10,500 | -24.9% |
| Financial debts | 170/4 | €12,167 | €1,667 | -€10,500 | -86.3% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,507 | €97,358 | +€2,851 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €10,500 | €10,500 | -€0 | 0.0% |
| Financial debts | 43 | - | €3,286 | +€3,286 | |
| Other loans | 439 | - | €3,286 | +€3,286 | |
| Trade debts | 44 | €436 | €0 | -€436 | -100.0% |
| Suppliers | 440/4 | €436 | €0 | -€436 | -100.0% |
| Other amounts payable | 47/48 | €83,571 | €83,571 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,999 | €0 | -€1,999 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,834 | €4,834 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,340 | €1,387 | +€47 | +3.5% |
| Gross operating margin | 9900 | €5,683 | -€241 | -€5,924 | |
| Operating profit (loss) | 9901 | -€491 | -€6,462 | -€5,971 | -1216.8% |
| Financial income | 75/76B | €2,500 | €2,500 | = | 0.0% |
| Recurring financial income | 75 | €2,500 | €2,500 | = | 0.0% |
| Financial charges | 65/66B | €1,933 | €1,796 | -€137 | -7.1% |
| Recurring financial charges | 65 | €1,933 | €1,796 | -€137 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €76 | -€5,758 | -€5,834 | |
| Profit (loss) for the period | 9904 | €76 | -€5,758 | -€5,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €76 | -€5,758 | -€5,834 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.