FM TOITURE: what changed
FM TOITURE
Largest movements
- Receivables within one year -€88,633
down €88,633 (-17.7%), from €501,333 to €412,700
of which Trade receivables: -€46,712
- Cash +€86,363
up €86,363 (+132%), from €65,275 to €151,639
mainly Net result for the year (+€117,396) and Receivables within one year (+€88,633)
- Stocks and contracts +€50,000
new in 2025: €50,000
- Deferred charges and accrued income +€11,229
up €11,229 (+230%), from €4,872 to €16,101
- Tangible fixed assets +€10,191
up €10,191 (+27.4%), from €37,257 to €47,448
of which Furniture and vehicles: +€13,689
- Trade debts -€103,679
down €103,679 (-39.9%), from €260,164 to €156,485
- Profit (loss) carried forward +€47,396
up €47,396 (+30.1%), from €157,450 to €204,846
- Debts after one year +€44,877
up €44,877 (+507%), from €8,851 to €53,729
- Tax, wage and social debts +€34,022
up €34,022 (+83.2%), from €40,888 to €74,910
of which Remuneration and social security: +€43,374
- Reserves +€20,000
up €20,000 (+38.6%), from €51,860 to €71,860
of which Tax-exempt reserves: +€20,000
- Staff costs +€49,680
up €49,680 (+26.8%), from €185,182 to €234,862
- Taxes -€12,240
down €12,240 (-35.4%), from €34,613 to €22,373
- Gross operating margin +€9,676
up €9,676 (+2.4%), from €400,013 to €409,689
- Depreciation +€7,565
up €7,565 (+36.6%), from €20,640 to €28,205
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,987 | €678,138 | +€69,150 | +11.4% |
| Fixed assets | 21/28 | €37,507 | €47,698 | +€10,191 | +27.2% |
| Tangible fixed assets | 22/27 | €37,257 | €47,448 | +€10,191 | +27.4% |
| Plant, machinery and equipment | 23 | €12,350 | €9,383 | -€2,967 | -24.0% |
| Furniture and vehicles | 24 | €21,733 | €35,422 | +€13,689 | +63.0% |
| Other tangible fixed assets | 26 | €3,173 | €2,642 | -€531 | -16.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €571,480 | €630,440 | +€58,959 | +10.3% |
| Stocks and contracts in progress | 3 | - | €50,000 | +€50,000 | |
| Contracts in progress | 37 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €501,333 | €412,700 | -€88,633 | -17.7% |
| Trade receivables | 40 | €457,282 | €410,570 | -€46,712 | -10.2% |
| Other amounts receivable | 41 | €44,050 | €2,129 | -€41,921 | -95.2% |
| Cash at bank and in hand | 54/58 | €65,275 | €151,639 | +€86,363 | +132% |
| Deferred charges and accrued income | 490/1 | €4,872 | €16,101 | +€11,229 | +230% |
| Total equity and liabilities | 10/49 | €608,987 | €678,138 | +€69,150 | +11.4% |
| Equity | 10/15 | €227,910 | €295,306 | +€67,396 | +29.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €71,860 | +€20,000 | +38.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,000 | €40,000 | +€20,000 | +100% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,450 | €204,846 | +€47,396 | +30.1% |
| Amounts payable | 17/49 | €381,077 | €382,831 | +€1,754 | +0.5% |
| Amounts payable after more than one year | 17 | €8,851 | €53,729 | +€44,877 | +507% |
| Financial debts | 170/4 | €8,851 | €53,729 | +€44,877 | +507% |
| Amounts payable within one year | 42/48 | €370,076 | €327,605 | -€42,470 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €14,023 | €31,536 | +€17,513 | +125% |
| Trade debts | 44 | €260,164 | €156,485 | -€103,679 | -39.9% |
| Suppliers | 440/4 | €260,164 | €156,485 | -€103,679 | -39.9% |
| Taxes, remuneration and social security | 45 | €40,888 | €74,910 | +€34,022 | +83.2% |
| Taxes | 450/3 | €28,085 | €18,733 | -€9,352 | -33.3% |
| Remuneration and social security | 454/9 | €12,803 | €56,177 | +€43,374 | +339% |
| Other amounts payable | 47/48 | €55,000 | €64,674 | +€9,674 | +17.6% |
| Accrued charges and deferred income | 492/3 | €2,150 | €1,497 | -€653 | -30.4% |
| Remuneration, social security and pensions | 62 | €185,182 | €234,862 | +€49,680 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,640 | €28,205 | +€7,565 | +36.6% |
| Other operating charges | 640/8 | €3,399 | €2,771 | -€627 | -18.5% |
| Gross operating margin | 9900 | €400,013 | €409,689 | +€9,676 | +2.4% |
| Operating profit (loss) | 9901 | €190,793 | €143,851 | -€46,942 | -24.6% |
| Financial income | 75/76B | €64 | €2,660 | +€2,596 | +4,072% |
| Recurring financial income | 75 | €64 | €2,660 | +€2,596 | +4,072% |
| Financial charges | 65/66B | €5,692 | €6,741 | +€1,050 | +18.4% |
| Recurring financial charges | 65 | €5,692 | €6,741 | +€1,050 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €185,165 | €139,770 | -€45,395 | -24.5% |
| Income taxes | 67/77 | €34,613 | €22,373 | -€12,240 | -35.4% |
| Profit (loss) for the period | 9904 | €150,551 | €117,396 | -€33,155 | -22.0% |
| Transfer to tax-exempt reserves | 689 | - | €20,000 | +€20,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,551 | €97,396 | -€53,155 | -35.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.