FM Concept 7: 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 Concept 7
Largest movements
- Receivables within one year -€72,020
down €72,020 (-41.3%), from €174,449 to €102,428
of which Trade receivables: -€48,297
- Stocks and contracts -€50,000
down €50,000 (-34.6%), from €144,460 to €94,460
- Tangible fixed assets -€8,678
down €8,678 (-5.4%), from €160,803 to €152,125
of which Land and buildings: -€8,051
- Cash +€6,710
up €6,710 (+21.1%), from €31,848 to €38,558
mainly Receivables within one year (+€72,020) and Advances received (+€61,715)
- Trade debts -€110,352
down €110,352 (-91.6%), from €120,516 to €10,164
- Other debts -€69,985
down €69,985 (-74.3%), from €94,229 to €24,244
- Advances received +€61,715
up €61,715 (+1,532%), from €4,030 to €65,744
- Debts after one year -€10,663
down €10,663 (-9.7%), from €109,731 to €99,068
- Gross operating margin +€21,984
up €21,984 (+37.8%), from €58,144 to €80,127
- Financial charges +€21,781
up €21,781 (+295%), from €7,383 to €29,164
of which Financial charges: +€21,531
- Taxes +€12,081
up €12,081 (+209%), from €5,780 to €17,861
- Depreciation -€11,795
down €11,795 (-41.6%), from €28,370 to €16,575
- Other operating charges +€4,886
up €4,886 (+45.2%), from €10,810 to €15,696
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 | €511,560 | €387,571 | -€123,989 | -24.2% |
| Fixed assets | 21/28 | €160,803 | €152,125 | -€8,678 | -5.4% |
| Tangible fixed assets | 22/27 | €160,803 | €152,125 | -€8,678 | -5.4% |
| Land and buildings | 22 | €148,416 | €140,364 | -€8,051 | -5.4% |
| Plant, machinery and equipment | 23 | €3,920 | €2,118 | -€1,803 | -46.0% |
| Furniture and vehicles | 24 | €3,884 | €9,643 | +€5,759 | +148% |
| Leasing and similar rights | 25 | €4,583 | - | -€4,583 | |
| Current assets | 29/58 | €350,756 | €235,445 | -€115,311 | -32.9% |
| Stocks and contracts in progress | 3 | €144,460 | €94,460 | -€50,000 | -34.6% |
| Stocks | 30/36 | €144,460 | €94,460 | -€50,000 | -34.6% |
| Amounts receivable within one year | 40/41 | €174,449 | €102,428 | -€72,020 | -41.3% |
| Trade receivables | 40 | €138,266 | €89,969 | -€48,297 | -34.9% |
| Other amounts receivable | 41 | €36,182 | €12,459 | -€23,723 | -65.6% |
| Cash at bank and in hand | 54/58 | €31,848 | €38,558 | +€6,710 | +21.1% |
| Total equity and liabilities | 10/49 | €511,560 | €387,571 | -€123,989 | -24.2% |
| Equity | 10/15 | €155,209 | €156,090 | +€881 | +0.6% |
| 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 | €134,749 | €135,630 | +€881 | +0.7% |
| Amounts payable | 17/49 | €356,351 | €231,481 | -€124,870 | -35.0% |
| Amounts payable after more than one year | 17 | €109,731 | €99,068 | -€10,663 | -9.7% |
| Financial debts | 170/4 | €109,731 | €99,068 | -€10,663 | -9.7% |
| Amounts payable within one year | 42/48 | €246,619 | €132,412 | -€114,207 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €9,719 | €10,663 | +€944 | +9.7% |
| Trade debts | 44 | €120,516 | €10,164 | -€110,352 | -91.6% |
| Suppliers | 440/4 | €120,516 | €10,164 | -€110,352 | -91.6% |
| Advances received on contracts in progress | 46 | €4,030 | €65,744 | +€61,715 | +1,532% |
| Taxes, remuneration and social security | 45 | €18,126 | €21,598 | +€3,472 | +19.2% |
| Taxes | 450/3 | €15,530 | €21,598 | +€6,068 | +39.1% |
| Remuneration and social security | 454/9 | €2,596 | - | -€2,596 | |
| Other amounts payable | 47/48 | €94,229 | €24,244 | -€69,985 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,370 | €16,575 | -€11,795 | -41.6% |
| Other operating charges | 640/8 | €10,810 | €15,696 | +€4,886 | +45.2% |
| Gross operating margin | 9900 | €58,144 | €80,127 | +€21,984 | +37.8% |
| Operating profit (loss) | 9901 | €18,964 | €47,856 | +€28,892 | +152% |
| Financial income | 75/76B | €0 | €50 | +€50 | +12,405% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +12,405% |
| Financial charges | 65/66B | €7,383 | €29,164 | +€21,781 | +295% |
| Recurring financial charges | 65 | €7,383 | €28,914 | +€21,531 | +292% |
| Non-recurring financial charges | 66B | - | €250 | +€250 | |
| Profit (loss) for the period before taxes | 9903 | €11,581 | €18,742 | +€7,161 | +61.8% |
| Income taxes | 67/77 | €5,780 | €17,861 | +€12,081 | +209% |
| Profit (loss) for the period | 9904 | €5,801 | €881 | -€4,920 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,801 | €881 | -€4,920 | -84.8% |
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 24 October 2026 via checked.be.