FM CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€6,726
down €6,726 (-20.5%), from €32,771 to €26,045
of which Furniture and vehicles: -€5,556
- Cash +€4,411
up €4,411 (+4.6%), from €96,682 to €101,092
mainly Net result for the year (+€12,826) and Other debts (+€11,411)
- Reserves -€13,022
down €13,022 (-9.5%), from €136,545 to €123,523
- Other debts +€11,411
up €11,411 (+40.0%), from €28,538 to €39,949
- Other operating charges +€3,501
up €3,501 (+122.0%), from €2,869 to €6,370
- Gross operating margin -€3,185
down €3,185 (-9.2%), from €34,669 to €31,484
- Taxes -€1,835
down €1,835 (-23.7%), from €7,748 to €5,912
- Depreciation -€945
down €945 (-11.1%), from €8,519 to €7,574
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 | €186,613 | €184,990 | -€1,623 | -0.9% |
| Fixed assets | 21/28 | €32,771 | €26,045 | -€6,726 | -20.5% |
| Tangible fixed assets | 22/27 | €32,771 | €26,045 | -€6,726 | -20.5% |
| Furniture and vehicles | 24 | €23,244 | €17,688 | -€5,556 | -23.9% |
| Other tangible fixed assets | 26 | €9,527 | €8,357 | -€1,170 | -12.3% |
| Current assets | 29/58 | €153,842 | €158,945 | +€5,103 | +3.3% |
| Amounts receivable within one year | 40/41 | €15,480 | €17,098 | +€1,618 | +10.5% |
| Trade receivables | 40 | €9,147 | €13,610 | +€4,464 | +48.8% |
| Other amounts receivable | 41 | €6,333 | €3,488 | -€2,846 | -44.9% |
| Current investments | 50/53 | €39,024 | €39,024 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €96,682 | €101,092 | +€4,411 | +4.6% |
| Deferred charges and accrued income | 490/1 | €2,656 | €1,730 | -€926 | -34.9% |
| Total equity and liabilities | 10/49 | €186,613 | €184,990 | -€1,623 | -0.9% |
| Equity | 10/15 | €148,945 | €135,923 | -€13,022 | -8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €136,545 | €123,523 | -€13,022 | -9.5% |
| Distributable reserves | 133 | €136,545 | €123,523 | -€13,022 | -9.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €37,668 | €49,066 | +€11,398 | +30.3% |
| Amounts payable within one year | 42/48 | €37,668 | €49,066 | +€11,398 | +30.3% |
| Trade debts | 44 | €1,825 | €1,576 | -€249 | -13.6% |
| Suppliers | 440/4 | €1,825 | €1,576 | -€249 | -13.6% |
| Taxes, remuneration and social security | 45 | €7,305 | €7,541 | +€236 | +3.2% |
| Taxes | 450/3 | €7,305 | €7,541 | +€236 | +3.2% |
| Other amounts payable | 47/48 | €28,538 | €39,949 | +€11,411 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,519 | €7,574 | -€945 | -11.1% |
| Other operating charges | 640/8 | €2,869 | €6,370 | +€3,501 | +122.0% |
| Gross operating margin | 9900 | €34,669 | €31,484 | -€3,185 | -9.2% |
| Operating profit (loss) | 9901 | €23,281 | €17,540 | -€5,741 | -24.7% |
| Financial income | 75/76B | €1,024 | €1,334 | +€309 | +30.2% |
| Recurring financial income | 75 | €1,024 | €1,334 | +€309 | +30.2% |
| Financial charges | 65/66B | €118 | €135 | +€17 | +14.5% |
| Recurring financial charges | 65 | €118 | €135 | +€17 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €24,187 | €18,739 | -€5,448 | -22.5% |
| Income taxes | 67/77 | €7,748 | €5,912 | -€1,835 | -23.7% |
| Profit (loss) for the period | 9904 | €16,440 | €12,826 | -€3,613 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,440 | €12,826 | -€3,613 | -22.0% |
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.