FM CONSULT: 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 CONSULT
Largest movements
- Current investments +€456,834
up €456,834 (+113%), from €404,495 to €861,329
- Receivables within one year -€300,350
down €300,350 (-21.8%), from €1.4m to €1.1m
of which Other amounts receivable: -€300,350
- Cash -€210,079
down €210,079 (-20.2%), from €1.0m to €827,872
mainly Debts after one year (-€462,000) and Current investments (-€456,834)
- Debts after one year -€462,000
down €462,000 (-7.7%), from €6.0m to €5.5m
- Profit (loss) carried forward +€404,397
up €404,397 (+6.8%), from €5.9m to €6.4m
- Financial income -€784,788
down €784,788 (-79.9%), from €982,349 to €197,560
- Financial charges -€13,379
down €13,379 (-27.1%), from €49,290 to €35,912
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,089,256 | €12,032,227 | -€57,029 | -0.5% |
| Fixed assets | 21/28 | €9,256,131 | €9,256,131 | = | 0.0% |
| Financial fixed assets | 28 | €9,256,131 | €9,256,131 | = | 0.0% |
| Current assets | 29/58 | €2,833,125 | €2,776,096 | -€57,029 | -2.0% |
| Amounts receivable within one year | 40/41 | €1,380,015 | €1,079,665 | -€300,350 | -21.8% |
| Trade receivables | 40 | €74,358 | €74,358 | = | 0.0% |
| Other amounts receivable | 41 | €1,305,657 | €1,005,307 | -€300,350 | -23.0% |
| Current investments | 50/53 | €404,495 | €861,329 | +€456,834 | +113% |
| Cash at bank and in hand | 54/58 | €1,037,951 | €827,872 | -€210,079 | -20.2% |
| Deferred charges and accrued income | 490/1 | €10,664 | €7,230 | -€3,435 | -32.2% |
| Total equity and liabilities | 10/49 | €12,089,256 | €12,032,227 | -€57,029 | -0.5% |
| Equity | 10/15 | €5,969,978 | €6,374,375 | +€404,397 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,949,518 | €6,353,915 | +€404,397 | +6.8% |
| Amounts payable | 17/49 | €6,119,277 | €5,657,851 | -€461,426 | -7.5% |
| Amounts payable after more than one year | 17 | €6,006,000 | €5,544,000 | -€462,000 | -7.7% |
| Other amounts payable | 178/9 | €6,006,000 | €5,544,000 | -€462,000 | -7.7% |
| Amounts payable within one year | 42/48 | €70,333 | €82,071 | +€11,738 | +16.7% |
| Trade debts | 44 | €4,244 | €4,712 | +€467 | +11.0% |
| Suppliers | 440/4 | €4,244 | €4,712 | +€467 | +11.0% |
| Taxes, remuneration and social security | 45 | €10,959 | €15,630 | +€4,671 | +42.6% |
| Taxes | 450/3 | €10,959 | €15,630 | +€4,671 | +42.6% |
| Other amounts payable | 47/48 | €55,130 | €61,730 | +€6,600 | +12.0% |
| Accrued charges and deferred income | 492/3 | €42,945 | €31,780 | -€11,164 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,036 | - | -€3,036 | |
| Other operating charges | 640/8 | €3,290 | €2,433 | -€856 | -26.0% |
| Gross operating margin | 9900 | €316,110 | €317,322 | +€1,212 | +0.4% |
| Operating profit (loss) | 9901 | €309,785 | €314,889 | +€5,104 | +1.6% |
| Financial income | 75/76B | €982,349 | €197,560 | -€784,788 | -79.9% |
| Recurring financial income | 75 | €982,349 | €197,560 | -€784,788 | -79.9% |
| Financial charges | 65/66B | €49,290 | €35,912 | -€13,379 | -27.1% |
| Recurring financial charges | 65 | €49,290 | €35,912 | -€13,379 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €1,242,843 | €476,537 | -€766,305 | -61.7% |
| Income taxes | 67/77 | €71,263 | €72,140 | +€878 | +1.2% |
| Profit (loss) for the period | 9904 | €1,171,580 | €404,397 | -€767,183 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,171,580 | €404,397 | -€767,183 | -65.5% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.