FM Design: what changed
What changed
FM Design
NACE 43.333, Wallpapering and laying of floor and wall coverings in other materials
filed annual accounts (NBB)
Net result for the year
-€15,392
2024 · -€28,903+€13,511
Equity
€123,295
2024 · €138,687-€15,392
Cash
€9,997
2024 · €25,877-€15,880
Balance sheet total
€372,660
2024 · €390,674-€18,015
Largest movements
Assets
- Cash -€15,880
down €15,880 (-61.4%), from €25,877 to €9,997
mainly Short-term financial debts (-€50,000) and Net result for the year (-€15,392)
- Receivables within one year +€14,353
up €14,353 (+19.0%), from €75,661 to €90,014
of which Trade receivables: +€10,535
- Tangible fixed assets -€9,303
down €9,303 (-13.2%), from €70,501 to €61,198
of which Land and buildings: -€4,783
- Deferred charges and accrued income -€4,370
down €4,370 (-86.6%), from €5,048 to €678
Equity and liabilities
- Trade debts +€54,163
up €54,163 (+159%), from €33,977 to €88,141
- Short-term financial debts -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Profit (loss) carried forward -€14,193
down €14,193 (-5.0%), from -€285,364 to -€299,557
- Current portion of long-term debt -€10,686
down €10,686 (-27.3%), from €39,088 to €28,402
Income statement
- Staff costs -€18,282
down €18,282 (-4.5%), from €405,615 to €387,333
- Gross operating margin -€7,866
down €7,866 (-1.9%), from €406,798 to €398,933
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€28,903
Gross operating margin
-€7,866
Staff costs
+€18,282
Depreciation
+€75
Other operating charges
+€164
Financial income
+€75
Financial charges
+€2,432
Taxes
+€349
Result 2025
-€15,392
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,805
Investment
€0
Financing
-€60,686
Cash 2024
€25,877
From operations (derived)
+€44,805
Net result for the year
-€15,392
Depreciation
+€9,303
Stocks and contracts
+€2,815
Receivables within one year
-€14,353
Deferred charges and accrued income
+€4,370
Trade debts
+€54,163
Tax, wage and social debts
+€3,900
Financing
-€60,686
Current portion of long-term debt
-€10,686
Short-term financial debts
-€50,000
Cash 2025
€9,997
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,674 | €372,660 | -€18,015 | -4.6% |
| Fixed assets | 21/28 | €70,719 | €61,416 | -€9,303 | -13.2% |
| Tangible fixed assets | 22/27 | €70,501 | €61,198 | -€9,303 | -13.2% |
| Land and buildings | 22 | €57,446 | €52,663 | -€4,783 | -8.3% |
| Plant, machinery and equipment | 23 | €563 | €281 | -€282 | -50.1% |
| Furniture and vehicles | 24 | €12,492 | €8,254 | -€4,238 | -33.9% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €319,956 | €311,244 | -€8,712 | -2.7% |
| Amounts receivable after more than one year | 29 | €106,472 | €106,472 | = | 0.0% |
| Other amounts receivable | 291 | €106,472 | €106,472 | = | 0.0% |
| Stocks and contracts in progress | 3 | €106,898 | €104,082 | -€2,815 | -2.6% |
| Stocks | 30/36 | €106,898 | €104,082 | -€2,815 | -2.6% |
| Amounts receivable within one year | 40/41 | €75,661 | €90,014 | +€14,353 | +19.0% |
| Trade receivables | 40 | €75,396 | €85,932 | +€10,535 | +14.0% |
| Other amounts receivable | 41 | €265 | €4,083 | +€3,818 | +1,442% |
| Cash at bank and in hand | 54/58 | €25,877 | €9,997 | -€15,880 | -61.4% |
| Deferred charges and accrued income | 490/1 | €5,048 | €678 | -€4,370 | -86.6% |
| Total equity and liabilities | 10/49 | €390,674 | €372,660 | -€18,015 | -4.6% |
| Equity | 10/15 | €138,687 | €123,295 | -€15,392 | -11.1% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €52,050 | €50,851 | -€1,199 | -2.3% |
| Non-distributable reserves | 130/1 | €37,584 | €37,584 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,184 | €37,184 | = | 0.0% |
| Other | 1319 | €400 | €400 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,267 | €13,267 | = | 0.0% |
| Distributable reserves | 133 | €1,199 | - | -€1,199 | |
| Profit (loss) carried forward | 14 | -€285,364 | -€299,557 | -€14,193 | -5.0% |
| Amounts payable | 17/49 | €251,987 | €249,365 | -€2,623 | -1.0% |
| Amounts payable within one year | 42/48 | €251,987 | €249,365 | -€2,623 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €39,088 | €28,402 | -€10,686 | -27.3% |
| Financial debts | 43 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Credit institutions | 430/8 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Trade debts | 44 | €33,977 | €88,141 | +€54,163 | +159% |
| Suppliers | 440/4 | €33,977 | €88,141 | +€54,163 | +159% |
| Taxes, remuneration and social security | 45 | €28,922 | €32,822 | +€3,900 | +13.5% |
| Taxes | 450/3 | €4,447 | - | -€4,447 | |
| Remuneration and social security | 454/9 | €24,475 | €32,822 | +€8,347 | +34.1% |
| Remuneration, social security and pensions | 62 | €405,615 | €387,333 | -€18,282 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,378 | €9,303 | -€75 | -0.8% |
| Other operating charges | 640/8 | €8,770 | €8,606 | -€164 | -1.9% |
| Gross operating margin | 9900 | €406,798 | €398,933 | -€7,866 | -1.9% |
| Operating profit (loss) | 9901 | -€16,964 | -€6,309 | +€10,655 | +62.8% |
| Financial income | 75/76B | €8 | €84 | +€75 | +894% |
| Recurring financial income | 75 | €8 | €84 | +€75 | +894% |
| Financial charges | 65/66B | €11,599 | €9,167 | -€2,432 | -21.0% |
| Recurring financial charges | 65 | €11,599 | €9,167 | -€2,432 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,555 | -€15,392 | +€13,162 | +46.1% |
| Income taxes | 67/77 | €349 | - | -€349 | |
| Profit (loss) for the period | 9904 | -€28,903 | -€15,392 | +€13,511 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,903 | -€15,392 | +€13,511 | +46.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.