FM LEASE: 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 LEASE
Largest movements
- Cash -€35,150
down €35,150 (-42.5%), from €82,753 to €47,603
mainly Debts after one year (-€38,227) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€21,167
down €21,167 (-5.2%), from €408,343 to €387,176
of which Land and buildings: -€19,489
- Receivables within one year +€18,150
up €18,150, from €0 to €18,150
- Debts after one year -€38,227
down €38,227 (-30.5%), from €125,449 to €87,222
- Gross operating margin -€1,970
down €1,970 (-3.7%), from €53,085 to €51,115
- Financial charges -€612
down €612 (-20.8%), from €2,937 to €2,325
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 | €519,384 | €481,239 | -€38,144 | -7.3% |
| Fixed assets | 21/28 | €408,343 | €387,176 | -€21,167 | -5.2% |
| Tangible fixed assets | 22/27 | €408,343 | €387,176 | -€21,167 | -5.2% |
| Land and buildings | 22 | €385,768 | €366,279 | -€19,489 | -5.1% |
| Plant, machinery and equipment | 23 | €6,844 | €5,167 | -€1,678 | -24.5% |
| Other tangible fixed assets | 26 | €15,730 | €15,730 | = | 0.0% |
| Current assets | 29/58 | €111,041 | €94,063 | -€16,977 | -15.3% |
| Amounts receivable after more than one year | 29 | €27,400 | €27,400 | = | 0.0% |
| Other amounts receivable | 291 | €27,400 | €27,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €18,150 | +€18,150 | |
| Trade receivables | 40 | €0 | €18,150 | +€18,150 | |
| Cash at bank and in hand | 54/58 | €82,753 | €47,603 | -€35,150 | -42.5% |
| Deferred charges and accrued income | 490/1 | €888 | €911 | +€22 | +2.5% |
| Total equity and liabilities | 10/49 | €519,384 | €481,239 | -€38,144 | -7.3% |
| Equity | 10/15 | €349,664 | €348,435 | -€1,230 | -0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,254 | €44,254 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €14,254 | €14,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,818 | €285,589 | -€1,230 | -0.4% |
| Amounts payable | 17/49 | €169,719 | €132,805 | -€36,915 | -21.8% |
| Amounts payable after more than one year | 17 | €125,449 | €87,222 | -€38,227 | -30.5% |
| Financial debts | 170/4 | €125,449 | €87,222 | -€38,227 | -30.5% |
| Amounts payable within one year | 42/48 | €44,270 | €45,583 | +€1,312 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €37,645 | €38,227 | +€582 | +1.5% |
| Trade debts | 44 | €455 | €712 | +€257 | +56.5% |
| Suppliers | 440/4 | €455 | €712 | +€257 | +56.5% |
| Taxes, remuneration and social security | 45 | €5,425 | €5,899 | +€474 | +8.7% |
| Taxes | 450/3 | €5,425 | €5,899 | +€474 | +8.7% |
| Other amounts payable | 47/48 | €745 | €745 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,890 | €21,167 | +€277 | +1.3% |
| Other operating charges | 640/8 | €2,486 | €2,562 | +€76 | +3.1% |
| Gross operating margin | 9900 | €53,085 | €51,115 | -€1,970 | -3.7% |
| Operating profit (loss) | 9901 | €29,709 | €27,387 | -€2,323 | -7.8% |
| Financial charges | 65/66B | €2,937 | €2,325 | -€612 | -20.8% |
| Recurring financial charges | 65 | €2,937 | €2,325 | -€612 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €26,772 | €25,061 | -€1,711 | -6.4% |
| Income taxes | 67/77 | €6,582 | €6,291 | -€291 | -4.4% |
| Profit (loss) for the period | 9904 | €20,191 | €18,770 | -€1,420 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,191 | €18,770 | -€1,420 | -7.0% |
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 31 October 2026 via checked.be.