FMAP: what changed
FMAP
Largest movements
- Cash +€23,785
up €23,785 (+2,689%), from €885 to €24,670
mainly Net result for the year (+€16,029) and Tax, wage and social debts (+€9,821)
- Receivables within one year +€15,523
up €15,523 (+24.2%), from €64,233 to €79,757
of which Other amounts receivable: +€13,847
- Reserves +€16,029
up €16,029 (+21.4%), from €74,860 to €90,889
of which Distributable reserves: +€16,029
- Tax, wage and social debts +€9,821
up €9,821 (+93.5%), from €10,499 to €20,320
- Other debts +€8,170
up €8,170 (+22.6%), from €36,092 to €44,261
- Trade debts +€4,285
up €4,285 (+273%), from €1,567 to €5,852
- Gross operating margin -€7,029
down €7,029 (-21.6%), from €32,568 to €25,539
- Other operating charges -€3,092
down €3,092 (-72.0%), from €4,295 to €1,202
- Taxes +€2,724
up €2,724 (+59.2%), from €4,600 to €7,324
- Depreciation -€608
down €608 (-44.1%), from €1,378 to €770
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 | €129,275 | €167,579 | +€38,304 | +29.6% |
| Fixed assets | 21/28 | €63,132 | €62,087 | -€1,046 | -1.7% |
| Tangible fixed assets | 22/27 | €57,132 | €56,087 | -€1,046 | -1.8% |
| Land and buildings | 22 | €34,200 | €33,925 | -€275 | -0.8% |
| Furniture and vehicles | 24 | €916 | €307 | -€609 | -66.5% |
| Other tangible fixed assets | 26 | €22,016 | €21,855 | -€161 | -0.7% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €66,143 | €105,493 | +€39,350 | +59.5% |
| Amounts receivable within one year | 40/41 | €64,233 | €79,757 | +€15,523 | +24.2% |
| Trade receivables | 40 | €37,328 | €39,005 | +€1,677 | +4.5% |
| Other amounts receivable | 41 | €26,905 | €40,752 | +€13,847 | +51.5% |
| Cash at bank and in hand | 54/58 | €885 | €24,670 | +€23,785 | +2,689% |
| Deferred charges and accrued income | 490/1 | €1,025 | €1,066 | +€41 | +4.0% |
| Total equity and liabilities | 10/49 | €129,275 | €167,579 | +€38,304 | +29.6% |
| Equity | 10/15 | €81,118 | €97,147 | +€16,029 | +19.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,860 | €90,889 | +€16,029 | +21.4% |
| 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 | €73,000 | €89,029 | +€16,029 | +22.0% |
| Profit (loss) carried forward | 14 | €58 | €58 | = | 0.0% |
| Amounts payable | 17/49 | €48,157 | €70,433 | +€22,275 | +46.3% |
| Amounts payable within one year | 42/48 | €48,157 | €70,433 | +€22,275 | +46.3% |
| Trade debts | 44 | €1,567 | €5,852 | +€4,285 | +273% |
| Suppliers | 440/4 | €1,567 | €5,852 | +€4,285 | +273% |
| Taxes, remuneration and social security | 45 | €10,499 | €20,320 | +€9,821 | +93.5% |
| Taxes | 450/3 | €10,499 | €20,320 | +€9,821 | +93.5% |
| Other amounts payable | 47/48 | €36,092 | €44,261 | +€8,170 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,378 | €770 | -€608 | -44.1% |
| Other operating charges | 640/8 | €4,295 | €1,202 | -€3,092 | -72.0% |
| Non-recurring operating charges | 66A | €40 | €0 | -€40 | -100% |
| Gross operating margin | 9900 | €32,568 | €25,539 | -€7,029 | -21.6% |
| Operating profit (loss) | 9901 | €26,855 | €23,567 | -€3,289 | -12.2% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.9% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.9% |
| Financial charges | 65/66B | €237 | €214 | -€23 | -9.8% |
| Recurring financial charges | 65 | €237 | €214 | -€23 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €26,635 | €23,353 | -€3,282 | -12.3% |
| Income taxes | 67/77 | €4,600 | €7,324 | +€2,724 | +59.2% |
| Profit (loss) for the period | 9904 | €22,035 | €16,029 | -€6,006 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,035 | €16,029 | -€6,006 | -27.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.