FM SAFETY: 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 SAFETY
Largest movements
- Cash +€30,986
up €30,986 (+211%), from €14,694 to €45,681
mainly Other debts (+€32,354) and Net result for the year (+€30,166)
- Receivables within one year -€11,260
down €11,260 (-21.8%), from €51,594 to €40,334
- Tangible fixed assets -€9,512
down €9,512 (-1.8%), from €533,433 to €523,921
of which Land and buildings: -€13,607
- Other debts +€32,354
up €32,354 (+58.0%), from €55,740 to €88,094
- Tax, wage and social debts +€18,147
up €18,147 (+125%), from €14,489 to €32,637
of which Taxes: +€14,407
- Debts after one year -€17,733
down €17,733 (-4.0%), from €444,058 to €426,325
- Trade debts -€13,363
down €13,363 (-74.0%), from €18,049 to €4,687
- Reserves -€11,447
down €11,447 (-23.5%), from €48,781 to €37,334
of which Distributable reserves: -€11,447
- Gross operating margin +€38,108
up €38,108 (+87.9%), from €43,377 to €81,485
- Taxes +€13,082
up €13,082 (+498%), from €2,625 to €15,706
- Depreciation +€3,425
up €3,425 (+14.9%), from €23,026 to €26,451
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.
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 | €614,595 | €624,560 | +€9,965 | +1.6% |
| Fixed assets | 21/28 | €535,877 | €525,778 | -€10,099 | -1.9% |
| Intangible fixed assets | 21 | €2,444 | €1,857 | -€587 | -24.0% |
| Tangible fixed assets | 22/27 | €533,433 | €523,921 | -€9,512 | -1.8% |
| Land and buildings | 22 | €485,824 | €472,217 | -€13,607 | -2.8% |
| Plant, machinery and equipment | 23 | €45,975 | €50,340 | +€4,365 | +9.5% |
| Furniture and vehicles | 24 | €1,634 | €1,364 | -€269 | -16.5% |
| Current assets | 29/58 | €78,718 | €98,782 | +€20,064 | +25.5% |
| Stocks and contracts in progress | 3 | €12,430 | €12,768 | +€338 | +2.7% |
| Stocks | 30/36 | €12,430 | €12,768 | +€338 | +2.7% |
| Amounts receivable within one year | 40/41 | €51,594 | €40,334 | -€11,260 | -21.8% |
| Trade receivables | 40 | €51,594 | €40,334 | -€11,260 | -21.8% |
| Cash at bank and in hand | 54/58 | €14,694 | €45,681 | +€30,986 | +211% |
| Total equity and liabilities | 10/49 | €614,595 | €624,560 | +€9,965 | +1.6% |
| Equity | 10/15 | €47,835 | €37,334 | -€10,501 | -22.0% |
| Reserves | 13 | €48,781 | €37,334 | -€11,447 | -23.5% |
| 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 | €46,921 | €35,474 | -€11,447 | -24.4% |
| Profit (loss) carried forward | 14 | -€946 | - | +€946 | |
| Amounts payable | 17/49 | €566,760 | €587,226 | +€20,466 | +3.6% |
| Amounts payable after more than one year | 17 | €444,058 | €426,325 | -€17,733 | -4.0% |
| Financial debts | 170/4 | €444,058 | €426,325 | -€17,733 | -4.0% |
| Amounts payable within one year | 42/48 | €122,702 | €160,901 | +€38,199 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,866 | +€4,866 | |
| Financial debts | 43 | €34,423 | €30,618 | -€3,805 | -11.1% |
| Credit institutions | 430/8 | €34,423 | €30,618 | -€3,805 | -11.1% |
| Trade debts | 44 | €18,049 | €4,687 | -€13,363 | -74.0% |
| Suppliers | 440/4 | €18,049 | €4,687 | -€13,363 | -74.0% |
| Taxes, remuneration and social security | 45 | €14,489 | €32,637 | +€18,147 | +125% |
| Taxes | 450/3 | €14,489 | €28,896 | +€14,407 | +99.4% |
| Remuneration and social security | 454/9 | - | €3,741 | +€3,741 | |
| Other amounts payable | 47/48 | €55,740 | €88,094 | +€32,354 | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,026 | €26,451 | +€3,425 | +14.9% |
| Other operating charges | 640/8 | €835 | €381 | -€454 | -54.4% |
| Gross operating margin | 9900 | €43,377 | €81,485 | +€38,108 | +87.9% |
| Operating profit (loss) | 9901 | €19,515 | €54,653 | +€35,137 | +180% |
| Financial income | 75/76B | €0 | €140 | +€140 | +42,415% |
| Recurring financial income | 75 | €0 | €140 | +€140 | +42,415% |
| Financial charges | 65/66B | €8,660 | €8,921 | +€261 | +3.0% |
| Recurring financial charges | 65 | €8,660 | €8,921 | +€261 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €10,856 | €45,872 | +€35,016 | +323% |
| Income taxes | 67/77 | €2,625 | €15,706 | +€13,082 | +498% |
| Profit (loss) for the period | 9904 | €8,231 | €30,166 | +€21,934 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €8,231 | €30,166 | +€21,934 | +266% |
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 22 October 2026 via checked.be.