FMA: what changed
Two fiscal 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.
What changed
FMA
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€903,158
2023 · €824,990+€78,168
Equity
€5.0m
2023 · €4.1m+€903,158
Cash
€1.7m
2023 · €1.6m+€123,695
Balance sheet total
€11.6m
2023 · €10.4m+€1.2m
Largest movements
Assets
- Current investments +€1.0m
up €1.0m (+200.0%), from €500,000 to €1.5m
- Receivables within one year +€426,189
up €426,189 (+27.9%), from €1.5m to €2.0m
of which Trade receivables: +€323,888
- Stocks and contracts -€354,470
down €354,470 (-6.0%), from €5.9m to €5.6m
- Tangible fixed assets -€125,557
down €125,557 (-15.3%), from €818,932 to €693,375
of which Furniture and vehicles: -€116,956
- Cash +€123,695
up €123,695 (+7.7%), from €1.6m to €1.7m
mainly Advances received (+€1.5m) and Net result for the year (+€903,158)
Equity and liabilities
- Advances received +€1.5m
up €1.5m (+45.7%), from €3.4m to €4.9m
- Reserves +€903,158
up €903,158 (+23.7%), from €3.8m to €4.7m
of which Distributable reserves: +€903,158
- Trade debts -€852,108
down €852,108 (-48.7%), from €1.7m to €896,335
- Other debts -€331,497
down €331,497 (-81.0%), from €409,045 to €77,548
- Accrued charges and deferred income -€116,028
no longer reported in 2024 (was €116,028)
Income statement
- Turnover +€3.9m
up €3.9m (+11.3%), from €34.8m to €38.8m
- Goods and materials +€3.2m
up €3.2m (+10.6%), from €30.2m to €33.3m
of which Purchases: +€2.5m
From the 2023 result to the 2024 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.
Result 2023
€824,990
Turnover
+€3.9m
Other operating income
-€173,161
Goods and materials
-€3.2m
Services and other goods
-€120,933
Staff costs
-€54,390
Depreciation
+€362
Write-downs
-€310,684
Other operating charges
+€15,997
Financial income
+€1,590
Financial charges
-€5,133
Taxes
-€8,853
Result 2024
€903,158
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.3m
Investment
-€1.2m
Financing
€0
Cash 2023
€1.6m
From operations (derived)
+€1.3m
Net result for the year
+€903,158
Depreciation
+€270,492
Stocks and contracts
+€354,470
Receivables within one year
-€426,189
Deferred charges and accrued income
-€94,743
Trade debts
-€852,108
Tax, wage and social debts
+€25,828
Advances received
+€1.5m
Other debts
-€331,497
Accrued charges and deferred income
-€116,028
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€159,036
Current investments
-€1.0m
Cash 2024
€1.7m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,410,184 | €11,588,884 | +€1.2m | +11.3% |
| Fixed assets | 21/28 | €834,712 | €723,256 | -€111,456 | -13.4% |
| Intangible fixed assets | 21 | €8,580 | €22,681 | +€14,101 | +164.3% |
| Tangible fixed assets | 22/27 | €818,932 | €693,375 | -€125,557 | -15.3% |
| Plant, machinery and equipment | 23 | €27,970 | €76,794 | +€48,824 | +174.6% |
| Furniture and vehicles | 24 | €566,966 | €450,009 | -€116,956 | -20.6% |
| Other tangible fixed assets | 26 | €223,996 | €166,572 | -€57,424 | -25.6% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,200 | €7,200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €9,575,471 | €10,865,628 | +€1.3m | +13.5% |
| Stocks and contracts in progress | 3 | €5,915,902 | €5,561,431 | -€354,470 | -6.0% |
| Stocks | 30/36 | €5,915,902 | €5,561,431 | -€354,470 | -6.0% |
| Goods purchased for resale | 34 | €5,915,902 | €5,561,431 | -€354,470 | -6.0% |
| Amounts receivable within one year | 40/41 | €1,524,913 | €1,951,102 | +€426,189 | +27.9% |
| Trade receivables | 40 | €1,207,285 | €1,531,173 | +€323,888 | +26.8% |
| Other amounts receivable | 41 | €317,628 | €419,929 | +€102,301 | +32.2% |
| Current investments | 50/53 | €500,000 | €1,500,000 | +€1.0m | +200.0% |
| Other investments | 51/53 | €500,000 | €1,500,000 | +€1.0m | +200.0% |
| Cash at bank and in hand | 54/58 | €1,607,126 | €1,730,821 | +€123,695 | +7.7% |
| Deferred charges and accrued income | 490/1 | €27,531 | €122,274 | +€94,743 | +344.1% |
| Total equity and liabilities | 10/49 | €10,410,184 | €11,588,884 | +€1.2m | +11.3% |
| Equity | 10/15 | €4,104,435 | €5,007,593 | +€903,158 | +22.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €3,804,435 | €4,707,593 | +€903,158 | +23.7% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €3,774,435 | €4,677,593 | +€903,158 | +23.9% |
| Amounts payable | 17/49 | €6,305,749 | €6,581,291 | +€275,542 | +4.4% |
| Amounts payable within one year | 42/48 | €6,189,721 | €6,581,291 | +€391,571 | +6.3% |
| Trade debts | 44 | €1,748,443 | €896,335 | -€852,108 | -48.7% |
| Suppliers | 440/4 | €1,748,443 | €896,335 | -€852,108 | -48.7% |
| Advances received on contracts in progress | 46 | €3,389,651 | €4,938,999 | +€1.5m | +45.7% |
| Taxes, remuneration and social security | 45 | €642,582 | €668,410 | +€25,828 | +4.0% |
| Taxes | 450/3 | €465,328 | €494,465 | +€29,137 | +6.3% |
| Remuneration and social security | 454/9 | €177,254 | €173,945 | -€3,310 | -1.9% |
| Other amounts payable | 47/48 | €409,045 | €77,548 | -€331,497 | -81.0% |
| Accrued charges and deferred income | 492/3 | €116,028 | - | -€116,028 | |
| Operating income | 70/76A | €35,120,982 | €38,873,696 | +€3.8m | +10.7% |
| Turnover | 70 | €34,837,497 | €38,763,372 | +€3.9m | +11.3% |
| Other operating income | 74 | €283,485 | €110,324 | -€173,161 | -61.1% |
| Operating charges | 60/66A | €33,973,788 | €37,635,938 | +€3.7m | +10.8% |
| Goods for resale, raw materials and consumables | 60 | €30,155,219 | €33,347,720 | +€3.2m | +10.6% |
| Purchases | 600/8 | €30,602,894 | €33,099,102 | +€2.5m | +8.2% |
| Change in stocks: decrease (increase) | 609 | -€447,676 | €248,618 | +€696,293 | |
| Services and other goods | 61 | €2,060,856 | €2,181,789 | +€120,933 | +5.9% |
| Remuneration, social security and pensions | 62 | €1,638,535 | €1,692,925 | +€54,390 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,854 | €270,492 | -€362 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€199,997 | €110,688 | +€310,684 | |
| Other operating charges | 640/8 | €48,321 | €32,324 | -€15,997 | -33.1% |
| Operating profit (loss) | 9901 | €1,147,194 | €1,237,758 | +€90,564 | +7.9% |
| Financial income | 75/76B | €33,707 | €35,296 | +€1,590 | +4.7% |
| Recurring financial income | 75 | €33,707 | €35,296 | +€1,590 | +4.7% |
| Income from current assets | 751 | €31,415 | €34,956 | +€3,541 | +11.3% |
| Other financial income | 752/9 | €2,292 | €341 | -€1,951 | -85.1% |
| Financial charges | 65/66B | €36,397 | €41,530 | +€5,133 | +14.1% |
| Recurring financial charges | 65 | €36,397 | €41,530 | +€5,133 | +14.1% |
| Debt charges | 650 | €16,338 | €11,921 | -€4,416 | -27.0% |
| Other financial charges | 652/9 | €20,059 | €29,609 | +€9,550 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €1,144,504 | €1,231,524 | +€87,020 | +7.6% |
| Income taxes | 67/77 | €319,513 | €328,366 | +€8,853 | +2.8% |
| Taxes | 670/3 | €319,513 | €328,366 | +€8,853 | +2.8% |
| Profit (loss) for the period | 9904 | €824,990 | €903,158 | +€78,168 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €824,990 | €903,158 | +€78,168 | +9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.