FM FINITIONS: 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 FINITIONS
Largest movements
- Receivables within one year +€32,792
up €32,792 (+16.2%), from €202,662 to €235,454
of which Trade receivables: +€40,713
- Tangible fixed assets -€10,159
down €10,159 (-5.2%), from €194,621 to €184,462
of which Furniture and vehicles: -€18,250
- Cash +€6,561
up €6,561 (+58.8%), from €11,162 to €17,722
mainly Trade debts (+€69,633) and Net result for the year (+€46,915)
- Trade debts +€69,633
up €69,633 (+71.0%), from €98,083 to €167,716
- Other debts -€67,626
down €67,626 (-97.7%), from €69,205 to €1,579
- Profit (loss) carried forward +€46,915
up €46,915 (+75.0%), from €62,582 to €109,498
- Debts after one year -€18,814
down €18,814 (-31.0%), from €60,624 to €41,810
- Tax, wage and social debts -€8,140
down €8,140 (-40.0%), from €20,364 to €12,224
of which Remuneration and social security: -€7,931
- Staff costs -€18,642
down €18,642 (-38.5%), from €48,362 to €29,720
- Gross operating margin +€17,476
up €17,476 (+14.7%), from €118,963 to €136,439
- Depreciation +€15,194
up €15,194 (+50.7%), from €29,965 to €45,159
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,472 | €441,903 | +€29,430 | +7.1% |
| Fixed assets | 21/28 | €194,728 | €184,569 | -€10,159 | -5.2% |
| Tangible fixed assets | 22/27 | €194,621 | €184,462 | -€10,159 | -5.2% |
| Land and buildings | 22 | €101,500 | €87,000 | -€14,500 | -14.3% |
| Plant, machinery and equipment | 23 | €11,724 | €34,315 | +€22,591 | +192.7% |
| Furniture and vehicles | 24 | €81,396 | €63,147 | -€18,250 | -22.4% |
| Financial fixed assets | 28 | €107 | €107 | = | 0.0% |
| Current assets | 29/58 | €217,744 | €257,333 | +€39,589 | +18.2% |
| Amounts receivable within one year | 40/41 | €202,662 | €235,454 | +€32,792 | +16.2% |
| Trade receivables | 40 | €35,337 | €76,050 | +€40,713 | +115.2% |
| Other amounts receivable | 41 | €167,325 | €159,404 | -€7,921 | -4.7% |
| Cash at bank and in hand | 54/58 | €11,162 | €17,722 | +€6,561 | +58.8% |
| Deferred charges and accrued income | 490/1 | €3,920 | €4,157 | +€236 | +6.0% |
| Total equity and liabilities | 10/49 | €412,472 | €441,903 | +€29,430 | +7.1% |
| Equity | 10/15 | €83,207 | €130,123 | +€46,915 | +56.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,582 | €109,498 | +€46,915 | +75.0% |
| Amounts payable | 17/49 | €329,265 | €311,780 | -€17,485 | -5.3% |
| Amounts payable after more than one year | 17 | €60,624 | €41,810 | -€18,814 | -31.0% |
| Financial debts | 170/4 | €60,624 | €41,810 | -€18,814 | -31.0% |
| Amounts payable within one year | 42/48 | €268,572 | €265,870 | -€2,702 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €20,722 | €22,249 | +€1,527 | +7.4% |
| Financial debts | 43 | €60,197 | €62,101 | +€1,904 | +3.2% |
| Credit institutions | 430/8 | €60,197 | €62,101 | +€1,904 | +3.2% |
| Trade debts | 44 | €98,083 | €167,716 | +€69,633 | +71.0% |
| Suppliers | 440/4 | €98,083 | €167,716 | +€69,633 | +71.0% |
| Taxes, remuneration and social security | 45 | €20,364 | €12,224 | -€8,140 | -40.0% |
| Taxes | 450/3 | €209 | - | -€209 | |
| Remuneration and social security | 454/9 | €20,155 | €12,224 | -€7,931 | -39.3% |
| Other amounts payable | 47/48 | €69,205 | €1,579 | -€67,626 | -97.7% |
| Accrued charges and deferred income | 492/3 | €69 | €4,100 | +€4,031 | +5815.5% |
| Remuneration, social security and pensions | 62 | €48,362 | €29,720 | -€18,642 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,965 | €45,159 | +€15,194 | +50.7% |
| Other operating charges | 640/8 | €690 | €1,467 | +€777 | +112.7% |
| Non-recurring operating charges | 66A | €490 | €279 | -€211 | -43.2% |
| Gross operating margin | 9900 | €118,963 | €136,439 | +€17,476 | +14.7% |
| Operating profit (loss) | 9901 | €39,456 | €59,814 | +€20,358 | +51.6% |
| Financial income | 75/76B | €349 | €225 | -€125 | -35.6% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +290.2% |
| Non-recurring financial income | 76B | €349 | €223 | -€126 | -36.0% |
| Financial charges | 65/66B | €14,416 | €13,123 | -€1,293 | -9.0% |
| Recurring financial charges | 65 | €14,416 | €13,123 | -€1,293 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €25,390 | €46,915 | +€21,526 | +84.8% |
| Profit (loss) for the period | 9904 | €25,390 | €46,915 | +€21,526 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,390 | €46,915 | +€21,526 | +84.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.