FM TRANS: 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 TRANS
Largest movements
- Receivables within one year -€189,462
down €189,462 (-60.2%), from €314,581 to €125,119
of which Trade receivables: -€173,216
- Tangible fixed assets -€121,186
down €121,186 (-83.8%), from €144,543 to €23,357
of which Furniture and vehicles: -€118,168
- Intangible fixed assets -€18,000
down €18,000 (-66.7%), from €27,000 to €9,000
- Deferred charges and accrued income -€11,584
down €11,584 (-83.1%), from €13,937 to €2,353
- Trade debts -€210,144
down €210,144 (-81.2%), from €258,742 to €48,598
- Profit (loss) carried forward -€163,094
down €163,094 (-156%), from -€104,601 to -€267,695
- Other debts +€131,115
up €131,115 (+528%), from €24,841 to €155,956
- Debts after one year -€58,473
down €58,473 (-28.0%), from €208,473 to €150,000
- Tax, wage and social debts -€20,714
down €20,714 (-96.4%), from €21,489 to €774
of which Taxes: -€20,714
- Gross operating margin -€471,561
down €471,561 (-96.2%), from €490,414 to €18,853
- Staff costs -€334,725
down €334,725 (-77.7%), from €430,755 to €96,030
- Other operating charges -€43,475
down €43,475 (-97.8%), from €44,463 to €988
- Depreciation -€26,554
down €26,554 (-52.4%), from €50,686 to €24,132
- Financial charges -€6,857
down €6,857 (-22.2%), from €30,859 to €24,002
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,891 | €164,402 | -€344,489 | -67.7% |
| Fixed assets | 21/28 | €176,086 | €36,900 | -€139,186 | -79.0% |
| Intangible fixed assets | 21 | €27,000 | €9,000 | -€18,000 | -66.7% |
| Tangible fixed assets | 22/27 | €144,543 | €23,357 | -€121,186 | -83.8% |
| Land and buildings | 22 | €6,384 | €4,375 | -€2,009 | -31.5% |
| Plant, machinery and equipment | 23 | €1,932 | €923 | -€1,009 | -52.2% |
| Furniture and vehicles | 24 | €136,227 | €18,059 | -€118,168 | -86.7% |
| Financial fixed assets | 28 | €4,543 | €4,543 | = | 0.0% |
| Current assets | 29/58 | €332,805 | €127,502 | -€205,303 | -61.7% |
| Amounts receivable within one year | 40/41 | €314,581 | €125,119 | -€189,462 | -60.2% |
| Trade receivables | 40 | €290,022 | €116,806 | -€173,216 | -59.7% |
| Other amounts receivable | 41 | €24,559 | €8,312 | -€16,247 | -66.2% |
| Cash at bank and in hand | 54/58 | €4,287 | €30 | -€4,257 | -99.3% |
| Deferred charges and accrued income | 490/1 | €13,937 | €2,353 | -€11,584 | -83.1% |
| Total equity and liabilities | 10/49 | €508,891 | €164,402 | -€344,489 | -67.7% |
| Equity | 10/15 | -€72,588 | -€235,682 | -€163,094 | -225% |
| Contributions | 10/11 | €28,592 | €28,592 | = | 0.0% |
| Reserves | 13 | €3,421 | €3,421 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,866 | €1,866 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,866 | €1,866 | = | 0.0% |
| Distributable reserves | 133 | €1,556 | €1,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,601 | -€267,695 | -€163,094 | -156% |
| Amounts payable | 17/49 | €581,479 | €400,084 | -€181,396 | -31.2% |
| Amounts payable after more than one year | 17 | €208,473 | €150,000 | -€58,473 | -28.0% |
| Financial debts | 170/4 | €208,473 | €150,000 | -€58,473 | -28.0% |
| Amounts payable within one year | 42/48 | €372,232 | €250,084 | -€122,149 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €46,535 | €44,756 | -€1,780 | -3.8% |
| Financial debts | 43 | €20,625 | - | -€20,625 | |
| Credit institutions | 430/8 | €20,625 | - | -€20,625 | |
| Trade debts | 44 | €258,742 | €48,598 | -€210,144 | -81.2% |
| Suppliers | 440/4 | €258,742 | €48,598 | -€210,144 | -81.2% |
| Taxes, remuneration and social security | 45 | €21,489 | €774 | -€20,714 | -96.4% |
| Taxes | 450/3 | €21,489 | €774 | -€20,714 | -96.4% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €24,841 | €155,956 | +€131,115 | +528% |
| Accrued charges and deferred income | 492/3 | €774 | - | -€774 | |
| Remuneration, social security and pensions | 62 | €430,755 | €96,030 | -€334,725 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,686 | €24,132 | -€26,554 | -52.4% |
| Other operating charges | 640/8 | €44,463 | €988 | -€43,475 | -97.8% |
| Non-recurring operating charges | 66A | €42,434 | €0 | -€42,434 | -100% |
| Gross operating margin | 9900 | €490,414 | €18,853 | -€471,561 | -96.2% |
| Operating profit (loss) | 9901 | -€77,925 | -€102,297 | -€24,372 | -31.3% |
| Financial income | 75/76B | €2,121 | €3,268 | +€1,147 | +54.1% |
| Recurring financial income | 75 | €2,121 | €3,268 | +€1,147 | +54.1% |
| Financial charges | 65/66B | €30,859 | €24,002 | -€6,857 | -22.2% |
| Recurring financial charges | 65 | €30,859 | €24,002 | -€6,857 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€106,662 | -€123,030 | -€16,368 | -15.3% |
| Profit (loss) for the period | 9904 | -€106,662 | -€123,030 | -€16,368 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,662 | -€123,030 | -€16,368 | -15.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.