FM2C: 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.
FM2C
Largest movements
- Cash +€8,459
up €8,459 (+23.7%), from €35,746 to €44,205
mainly Net result for the year (+€6,600) and Depreciation (+€4,762)
- Tangible fixed assets -€3,572
down €3,572 (-51.6%), from €6,925 to €3,354
of which Furniture and vehicles: -€2,411
- Receivables within one year -€1,756
down €1,756 (-47.5%), from €3,698 to €1,941
- Stocks and contracts -€625
down €625 (-13.2%), from €4,725 to €4,100
- Reserves +€6,600
up €6,600 (+27.9%), from €23,675 to €30,275
- Tax, wage and social debts -€3,598
down €3,598 (-35.2%), from €10,210 to €6,613
of which Taxes: -€5,240
- Staff costs +€2,634
up €2,634 (+4.7%), from €56,162 to €58,795
- Depreciation -€1,622
down €1,622 (-25.4%), from €6,384 to €4,762
- Other operating charges +€898
up €898 (+81.4%), from €1,104 to €2,002
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 | €51,094 | €53,600 | +€2,506 | +4.9% |
| Fixed assets | 21/28 | €6,925 | €3,354 | -€3,572 | -51.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,925 | €3,354 | -€3,572 | -51.6% |
| Plant, machinery and equipment | 23 | €1,584 | €1,758 | +€174 | +11.0% |
| Furniture and vehicles | 24 | €2,411 | €0 | -€2,411 | -100% |
| Other tangible fixed assets | 26 | €2,930 | €1,595 | -€1,335 | -45.6% |
| Current assets | 29/58 | €44,169 | €50,246 | +€6,077 | +13.8% |
| Stocks and contracts in progress | 3 | €4,725 | €4,100 | -€625 | -13.2% |
| Stocks | 30/36 | €4,725 | €4,100 | -€625 | -13.2% |
| Amounts receivable within one year | 40/41 | €3,698 | €1,941 | -€1,756 | -47.5% |
| Other amounts receivable | 41 | €3,698 | €1,941 | -€1,756 | -47.5% |
| Cash at bank and in hand | 54/58 | €35,746 | €44,205 | +€8,459 | +23.7% |
| Total equity and liabilities | 10/49 | €51,094 | €53,600 | +€2,506 | +4.9% |
| Equity | 10/15 | €36,113 | €42,713 | +€6,600 | +18.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,675 | €30,275 | +€6,600 | +27.9% |
| Distributable reserves | 133 | €23,675 | €30,275 | +€6,600 | +27.9% |
| Profit (loss) carried forward | 14 | €38 | €38 | = | 0.0% |
| Amounts payable | 17/49 | €14,980 | €10,886 | -€4,094 | -27.3% |
| Amounts payable within one year | 42/48 | €14,980 | €10,886 | -€4,094 | -27.3% |
| Trade debts | 44 | €4,263 | €4,251 | -€12 | -0.3% |
| Suppliers | 440/4 | €4,263 | €4,251 | -€12 | -0.3% |
| Taxes, remuneration and social security | 45 | €10,210 | €6,613 | -€3,598 | -35.2% |
| Taxes | 450/3 | €5,640 | €400 | -€5,240 | -92.9% |
| Remuneration and social security | 454/9 | €4,570 | €6,213 | +€1,642 | +35.9% |
| Other amounts payable | 47/48 | €507 | €22 | -€484 | -95.6% |
| Remuneration, social security and pensions | 62 | €56,162 | €58,795 | +€2,634 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,384 | €4,762 | -€1,622 | -25.4% |
| Other operating charges | 640/8 | €1,104 | €2,002 | +€898 | +81.4% |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | €75,720 | €76,322 | +€602 | +0.8% |
| Operating profit (loss) | 9901 | €12,071 | €10,757 | -€1,314 | -10.9% |
| Financial income | 75/76B | €400 | €293 | -€106 | -26.6% |
| Recurring financial income | 75 | €400 | €293 | -€106 | -26.6% |
| Financial charges | 65/66B | €394 | €786 | +€393 | +99.8% |
| Recurring financial charges | 65 | €394 | €786 | +€393 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €12,077 | €10,264 | -€1,813 | -15.0% |
| Income taxes | 67/77 | €3,786 | €3,664 | -€122 | -3.2% |
| Profit (loss) for the period | 9904 | €8,291 | €6,600 | -€1,691 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,291 | €6,600 | -€1,691 | -20.4% |
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 25 October 2026 via checked.be.