FM Projects: 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 Projects
Largest movements
- Receivables within one year +€4,718
up €4,718 (+37.0%), from €12,735 to €17,453
of which Other amounts receivable: +€3,752
- Cash +€2,358
up €2,358 (+5.7%), from €41,061 to €43,419
mainly Net result for the year (+€5,106) and Trade debts (+€2,460)
- Reserves +€5,000
up €5,000 (+16.5%), from €30,360 to €35,360
of which Distributable reserves: +€5,000
- Trade debts +€2,460
up €2,460 (+122.0%), from €2,016 to €4,476
- Tax, wage and social debts -€1,578
down €1,578 (-75.9%), from €2,078 to €500
- Gross operating margin -€3,700
down €3,700 (-25.6%), from €14,460 to €10,760
- Other operating charges +€2,221
up €2,221 (+382.3%), from €581 to €2,801
- Taxes -€1,580
down €1,580 (-43.8%), from €3,605 to €2,025
- Depreciation -€204
down €204 (-31.2%), from €655 to €451
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 | €55,050 | €61,210 | +€6,160 | +11.2% |
| Fixed assets | 21/28 | €789 | €338 | -€451 | -57.1% |
| Tangible fixed assets | 22/27 | €789 | €338 | -€451 | -57.1% |
| Plant, machinery and equipment | 23 | €789 | €338 | -€451 | -57.1% |
| Current assets | 29/58 | €54,261 | €60,872 | +€6,611 | +12.2% |
| Amounts receivable within one year | 40/41 | €12,735 | €17,453 | +€4,718 | +37.0% |
| Trade receivables | 40 | €11,562 | €12,528 | +€966 | +8.4% |
| Other amounts receivable | 41 | €1,173 | €4,925 | +€3,752 | +319.8% |
| Cash at bank and in hand | 54/58 | €41,061 | €43,419 | +€2,358 | +5.7% |
| Deferred charges and accrued income | 490/1 | €465 | - | -€465 | |
| Total equity and liabilities | 10/49 | €55,050 | €61,210 | +€6,160 | +11.2% |
| Equity | 10/15 | €50,295 | €55,401 | +€5,106 | +10.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €30,360 | €35,360 | +€5,000 | +16.5% |
| 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 | €28,500 | €33,500 | +€5,000 | +17.5% |
| Profit (loss) carried forward | 14 | €4,935 | €5,041 | +€106 | +2.2% |
| Amounts payable | 17/49 | €4,755 | €5,809 | +€1,054 | +22.2% |
| Amounts payable within one year | 42/48 | €4,755 | €5,809 | +€1,054 | +22.2% |
| Trade debts | 44 | €2,016 | €4,476 | +€2,460 | +122.0% |
| Suppliers | 440/4 | €2,016 | €4,476 | +€2,460 | +122.0% |
| Taxes, remuneration and social security | 45 | €2,078 | €500 | -€1,578 | -75.9% |
| Taxes | 450/3 | €2,078 | €500 | -€1,578 | -75.9% |
| Other amounts payable | 47/48 | €661 | €833 | +€172 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €451 | -€204 | -31.2% |
| Other operating charges | 640/8 | €581 | €2,801 | +€2,221 | +382.3% |
| Gross operating margin | 9900 | €14,460 | €10,760 | -€3,700 | -25.6% |
| Operating profit (loss) | 9901 | €13,225 | €7,508 | -€5,717 | -43.2% |
| Financial income | 75/76B | €360 | €331 | -€29 | -8.0% |
| Recurring financial income | 75 | €360 | €331 | -€29 | -8.0% |
| Financial charges | 65/66B | €698 | €708 | +€10 | +1.5% |
| Recurring financial charges | 65 | €698 | €708 | +€10 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €12,887 | €7,131 | -€5,756 | -44.7% |
| Income taxes | 67/77 | €3,605 | €2,025 | -€1,580 | -43.8% |
| Profit (loss) for the period | 9904 | €9,282 | €5,106 | -€4,176 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,282 | €5,106 | -€4,176 | -45.0% |
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 9 October 2026 via checked.be.