FM&P: what changed
Two fiscal 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&P
Largest movements
- Cash -€49,624
down €49,624 (-32.0%), from €155,281 to €105,657
mainly Investment in fixed assets (net) (-€24,657) and Net result for the year (-€17,965)
- Tangible fixed assets +€16,315
up €16,315 (+87.2%), from €18,718 to €35,033
- Receivables within one year +€7,379
up €7,379 (+44.0%), from €16,775 to €24,154
of which Trade receivables: +€12,189
- Profit (loss) carried forward -€17,965
down €17,965, from €11,786 to -€6,179
- Tax, wage and social debts -€6,488
down €6,488 (-86.1%), from €7,538 to €1,050
of which Taxes: -€7,238
- Gross operating margin -€125,102
down €125,102, from €115,931 to -€9,170
- Taxes -€36,613
down €36,613, from €36,520 to -€93
- Depreciation +€2,960
up €2,960 (+55.0%), from €5,382 to €8,342
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.
Cash bridge derived
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 | €191,947 | €166,478 | -€25,469 | -13.3% |
| Fixed assets | 21/28 | €18,718 | €35,033 | +€16,315 | +87.2% |
| Tangible fixed assets | 22/27 | €18,718 | €35,033 | +€16,315 | +87.2% |
| Furniture and vehicles | 24 | €18,718 | €35,033 | +€16,315 | +87.2% |
| Current assets | 29/58 | €173,229 | €131,445 | -€41,784 | -24.1% |
| Amounts receivable within one year | 40/41 | €16,775 | €24,154 | +€7,379 | +44.0% |
| Trade receivables | 40 | €10 | €12,199 | +€12,189 | +122504.7% |
| Other amounts receivable | 41 | €16,765 | €11,954 | -€4,810 | -28.7% |
| Cash at bank and in hand | 54/58 | €155,281 | €105,657 | -€49,624 | -32.0% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,635 | +€462 | +39.4% |
| Total equity and liabilities | 10/49 | €191,947 | €166,478 | -€25,469 | -13.3% |
| Equity | 10/15 | €181,706 | €163,741 | -€17,965 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,320 | €151,320 | = | 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% |
| Distributable reserves | 133 | €149,460 | €149,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,786 | -€6,179 | -€17,965 | |
| Amounts payable | 17/49 | €10,241 | €2,737 | -€7,504 | -73.3% |
| Amounts payable within one year | 42/48 | €10,006 | €2,640 | -€7,366 | -73.6% |
| Trade debts | 44 | €2,468 | €1,590 | -€878 | -35.6% |
| Suppliers | 440/4 | €2,468 | €1,590 | -€878 | -35.6% |
| Taxes, remuneration and social security | 45 | €7,538 | €1,050 | -€6,488 | -86.1% |
| Taxes | 450/3 | €7,538 | €300 | -€7,238 | -96.0% |
| Remuneration and social security | 454/9 | - | €750 | +€750 | |
| Accrued charges and deferred income | 492/3 | €235 | €98 | -€138 | -58.5% |
| Non-recurring operating income | 76A | €8,678 | - | -€8,678 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €8,342 | +€2,960 | +55.0% |
| Other operating charges | 640/8 | €1,591 | €1,535 | -€56 | -3.5% |
| Gross operating margin | 9900 | €115,931 | -€9,170 | -€125,102 | |
| Operating profit (loss) | 9901 | €108,958 | -€19,048 | -€128,005 | |
| Financial income | 75/76B | €1,090 | €1,168 | +€78 | +7.1% |
| Recurring financial income | 75 | €1,090 | €1,168 | +€78 | +7.1% |
| Financial charges | 65/66B | €153 | €178 | +€25 | +16.2% |
| Recurring financial charges | 65 | €153 | €178 | +€25 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €109,894 | -€18,058 | -€127,952 | |
| Income taxes | 67/77 | €36,520 | -€93 | -€36,613 | |
| Profit (loss) for the period | 9904 | €73,374 | -€17,965 | -€91,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,374 | -€17,965 | -€91,339 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.