FM CHAUFFAGE: 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.
FM CHAUFFAGE
Largest movements
- Cash -€548,679
down €548,679 (-92.3%), from €594,500 to €45,821
mainly Other debts (-€243,596) and Contributions, distributions and other (-€150,000)
- Stocks and contracts +€26,569
up €26,569 (+208%), from €12,763 to €39,332
- Tangible fixed assets +€22,523
up €22,523 (+14.0%), from €160,920 to €183,443
of which Land and buildings: +€28,008
- Receivables within one year +€17,331
up €17,331 (+5.5%), from €312,671 to €330,002
of which Other amounts receivable: +€44,631
- Deferred charges and accrued income +€16,080
up €16,080 (+40.9%), from €39,291 to €55,371
- Other debts -€243,596
down €243,596 (-47.5%), from €512,500 to €268,905
- Profit (loss) carried forward -€142,329
down €142,329 (-43.2%), from €329,767 to €187,438
- Trade debts -€65,522
down €65,522 (-45.1%), from €145,323 to €79,801
- Tax, wage and social debts -€15,790
down €15,790 (-35.5%), from €44,436 to €28,647
of which Taxes: -€15,600
- Gross operating margin -€216,761
down €216,761 (-24.5%), from €885,552 to €668,791
- Taxes -€62,578
down €62,578 (-95.5%), from €65,496 to €2,918
- Staff costs +€60,154
up €60,154 (+10.5%), from €570,619 to €630,772
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 | €1,120,304 | €654,128 | -€466,176 | -41.6% |
| Fixed assets | 21/28 | €161,080 | €183,603 | +€22,523 | +14.0% |
| Tangible fixed assets | 22/27 | €160,920 | €183,443 | +€22,523 | +14.0% |
| Land and buildings | 22 | €134,225 | €162,233 | +€28,008 | +20.9% |
| Plant, machinery and equipment | 23 | €4,666 | €7,679 | +€3,012 | +64.5% |
| Furniture and vehicles | 24 | €22,028 | €13,532 | -€8,497 | -38.6% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €959,224 | €470,526 | -€488,699 | -50.9% |
| Stocks and contracts in progress | 3 | €12,763 | €39,332 | +€26,569 | +208% |
| Stocks | 30/36 | €12,763 | €39,332 | +€26,569 | +208% |
| Amounts receivable within one year | 40/41 | €312,671 | €330,002 | +€17,331 | +5.5% |
| Trade receivables | 40 | €279,815 | €252,515 | -€27,300 | -9.8% |
| Other amounts receivable | 41 | €32,856 | €77,487 | +€44,631 | +136% |
| Cash at bank and in hand | 54/58 | €594,500 | €45,821 | -€548,679 | -92.3% |
| Deferred charges and accrued income | 490/1 | €39,291 | €55,371 | +€16,080 | +40.9% |
| Total equity and liabilities | 10/49 | €1,120,304 | €654,128 | -€466,176 | -41.6% |
| Equity | 10/15 | €350,227 | €207,898 | -€142,329 | -40.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €329,767 | €187,438 | -€142,329 | -43.2% |
| Amounts payable | 17/49 | €770,078 | €446,230 | -€323,847 | -42.1% |
| Amounts payable after more than one year | 17 | €46,563 | €41,627 | -€4,936 | -10.6% |
| Financial debts | 170/4 | €46,563 | €41,627 | -€4,936 | -10.6% |
| Amounts payable within one year | 42/48 | €723,514 | €404,603 | -€318,911 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €4,879 | €4,936 | +€57 | +1.2% |
| Trade debts | 44 | €145,323 | €79,801 | -€65,522 | -45.1% |
| Suppliers | 440/4 | €145,323 | €79,801 | -€65,522 | -45.1% |
| Advances received on contracts in progress | 46 | €16,376 | €22,315 | +€5,939 | +36.3% |
| Taxes, remuneration and social security | 45 | €44,436 | €28,647 | -€15,790 | -35.5% |
| Taxes | 450/3 | €43,991 | €28,392 | -€15,600 | -35.5% |
| Remuneration and social security | 454/9 | €445 | €255 | -€190 | -42.7% |
| Other amounts payable | 47/48 | €512,500 | €268,905 | -€243,596 | -47.5% |
| Remuneration, social security and pensions | 62 | €570,619 | €630,772 | +€60,154 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,886 | €26,665 | +€1,779 | +7.1% |
| Other operating charges | 640/8 | €3,384 | €2,204 | -€1,180 | -34.9% |
| Non-recurring operating charges | 66A | €12,854 | - | -€12,854 | |
| Gross operating margin | 9900 | €885,552 | €668,791 | -€216,761 | -24.5% |
| Operating profit (loss) | 9901 | €273,810 | €9,151 | -€264,659 | -96.7% |
| Financial income | 75/76B | €8,533 | €2,416 | -€6,117 | -71.7% |
| Recurring financial income | 75 | €8,533 | €2,416 | -€6,117 | -71.7% |
| Financial charges | 65/66B | €1,804 | €977 | -€827 | -45.8% |
| Recurring financial charges | 65 | €1,804 | €977 | -€827 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €280,539 | €10,589 | -€269,949 | -96.2% |
| Income taxes | 67/77 | €65,496 | €2,918 | -€62,578 | -95.5% |
| Profit (loss) for the period | 9904 | €215,043 | €7,671 | -€207,372 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €215,043 | €7,671 | -€207,372 | -96.4% |
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 28 October 2026 via checked.be.