FM PROPERTIES: 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 PROPERTIES
Largest movements
- Cash -€208,757
down €208,757 (-44.6%), from €467,661 to €258,904
mainly Contributions, distributions and other (-€100,000) and Net result for the year (-€54,172)
- Profit (loss) carried forward -€154,172
down €154,172 (-74.9%), from €205,840 to €51,668
- Other debts -€50,000
down €50,000 (-33.3%), from €150,048 to €100,048
- Gross operating margin -€800,349
down €800,349, from €743,419 to -€56,929
- Taxes -€136,486
down €136,486, from €132,547 to -€3,939
- Write-downs -€29,872
no longer reported in 2025 (was €29,872)
- Financial charges -€10,953
down €10,953 (-89.6%), from €12,225 to €1,273
- Other operating charges -€9,478
down €9,478 (-94.2%), from €10,063 to €585
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 | €795,199 | €588,167 | -€207,032 | -26.0% |
| Current assets | 29/58 | €795,199 | €588,167 | -€207,032 | -26.0% |
| Stocks and contracts in progress | 3 | €322,670 | €322,670 | = | 0.0% |
| Stocks | 30/36 | €322,670 | €322,670 | = | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,868 | €6,594 | +€1,725 | +35.4% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €4,868 | €6,594 | +€1,725 | +35.4% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €467,661 | €258,904 | -€208,757 | -44.6% |
| Total equity and liabilities | 10/49 | €795,199 | €588,167 | -€207,032 | -26.0% |
| Equity | 10/15 | €634,059 | €479,886 | -€154,172 | -24.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €28,218 | €28,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,218 | €28,218 | = | 0.0% |
| Legal reserve | 130 | €28,218 | €28,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,840 | €51,668 | -€154,172 | -74.9% |
| Amounts payable | 17/49 | €161,141 | €108,281 | -€52,860 | -32.8% |
| Amounts payable after more than one year | 17 | - | €170 | +€170 | |
| Other amounts payable | 178/9 | - | €170 | +€170 | |
| Amounts payable within one year | 42/48 | €161,141 | €108,111 | -€53,030 | -32.9% |
| Trade debts | 44 | €11,093 | €8,063 | -€3,030 | -27.3% |
| Suppliers | 440/4 | €11,093 | €8,063 | -€3,030 | -27.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €150,048 | €100,048 | -€50,000 | -33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,872 | - | -€29,872 | |
| Other operating charges | 640/8 | €10,063 | €585 | -€9,478 | -94.2% |
| Gross operating margin | 9900 | €743,419 | -€56,929 | -€800,349 | |
| Operating profit (loss) | 9901 | €703,485 | -€57,514 | -€760,999 | |
| Financial income | 75/76B | €5,653 | €676 | -€4,977 | -88.0% |
| Recurring financial income | 75 | €5,653 | €676 | -€4,977 | -88.0% |
| Financial charges | 65/66B | €12,225 | €1,273 | -€10,953 | -89.6% |
| Recurring financial charges | 65 | €12,225 | €1,273 | -€10,953 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €696,913 | -€58,111 | -€755,024 | |
| Income taxes | 67/77 | €132,547 | -€3,939 | -€136,486 | |
| Profit (loss) for the period | 9904 | €564,366 | -€54,172 | -€618,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €564,366 | -€54,172 | -€618,538 |
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 11 October 2026 via checked.be.