FMB-Logistics: 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.
FMB-Logistics
Largest movements
- Tangible fixed assets -€313,307
down €313,307 (-30.7%), from €1.0m to €707,767
of which Leasing and similar rights: -€245,502
- Cash +€259,698
up €259,698 (+247.8%), from €104,818 to €364,516
mainly Depreciation (+€323,297) and Receivables within one year (+€191,292)
- Receivables within one year -€191,292
down €191,292 (-49.5%), from €386,586 to €195,294
of which Other amounts receivable: -€104,633
- Debts after one year -€191,822
down €191,822 (-34.3%), from €559,519 to €367,697
- Other debts -€111,062
down €111,062 (-100.0%), from €111,062 to €0
- Reserves +€106,595
up €106,595 (+31.4%), from €339,957 to €446,552
- Current portion of long-term debt -€46,686
down €46,686 (-19.2%), from €243,503 to €196,817
- Tax, wage and social debts +€37,891
up €37,891 (+35.7%), from €106,044 to €143,935
of which Taxes: +€22,122
- Gross operating margin +€123,542
up €123,542 (+8.9%), from €1.4m to €1.5m
- Staff costs +€105,065
up €105,065 (+11.9%), from €886,186 to €991,252
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.
Cash bridge derived
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 | €1,540,496 | €1,302,137 | -€238,359 | -15.5% |
| Fixed assets | 21/28 | €1,021,345 | €708,037 | -€313,307 | -30.7% |
| Tangible fixed assets | 22/27 | €1,021,075 | €707,767 | -€313,307 | -30.7% |
| Furniture and vehicles | 24 | €296,293 | €228,487 | -€67,806 | -22.9% |
| Leasing and similar rights | 25 | €724,782 | €479,280 | -€245,502 | -33.9% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €519,151 | €594,100 | +€74,949 | +14.4% |
| Amounts receivable within one year | 40/41 | €386,586 | €195,294 | -€191,292 | -49.5% |
| Trade receivables | 40 | €209,000 | €122,341 | -€86,658 | -41.5% |
| Other amounts receivable | 41 | €177,586 | €72,952 | -€104,633 | -58.9% |
| Cash at bank and in hand | 54/58 | €104,818 | €364,516 | +€259,698 | +247.8% |
| Deferred charges and accrued income | 490/1 | €27,747 | €34,290 | +€6,543 | +23.6% |
| Total equity and liabilities | 10/49 | €1,540,496 | €1,302,137 | -€238,359 | -15.5% |
| Equity | 10/15 | €358,549 | €465,144 | +€106,595 | +29.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €339,957 | €446,552 | +€106,595 | +31.4% |
| Distributable reserves | 133 | €339,957 | €446,552 | +€106,595 | +31.4% |
| Amounts payable | 17/49 | €1,181,946 | €836,993 | -€344,954 | -29.2% |
| Amounts payable after more than one year | 17 | €559,519 | €367,697 | -€191,822 | -34.3% |
| Financial debts | 170/4 | €559,519 | €367,697 | -€191,822 | -34.3% |
| Amounts payable within one year | 42/48 | €622,427 | €469,296 | -€153,131 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €243,503 | €196,817 | -€46,686 | -19.2% |
| Trade debts | 44 | €161,817 | €128,543 | -€33,274 | -20.6% |
| Suppliers | 440/4 | €161,817 | €128,543 | -€33,274 | -20.6% |
| Taxes, remuneration and social security | 45 | €106,044 | €143,935 | +€37,891 | +35.7% |
| Taxes | 450/3 | €24,075 | €46,197 | +€22,122 | +91.9% |
| Remuneration and social security | 454/9 | €81,970 | €97,738 | +€15,768 | +19.2% |
| Other amounts payable | 47/48 | €111,062 | €0 | -€111,062 | -100.0% |
| Non-recurring operating income | 76A | €39,521 | €0 | -€39,521 | -100.0% |
| Remuneration, social security and pensions | 62 | €886,186 | €991,252 | +€105,065 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,465 | €323,297 | +€5,832 | +1.8% |
| Other operating charges | 640/8 | €30,594 | €23,254 | -€7,340 | -24.0% |
| Non-recurring operating charges | 66A | €11,758 | €0 | -€11,758 | -100.0% |
| Gross operating margin | 9900 | €1,384,312 | €1,507,855 | +€123,542 | +8.9% |
| Operating profit (loss) | 9901 | €138,309 | €170,052 | +€31,743 | +23.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €28,453 | €26,964 | -€1,489 | -5.2% |
| Recurring financial charges | 65 | €28,453 | €26,964 | -€1,489 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €109,856 | €143,088 | +€33,232 | +30.3% |
| Income taxes | 67/77 | €27,816 | €36,493 | +€8,677 | +31.2% |
| Profit (loss) for the period | 9904 | €82,040 | €106,595 | +€24,555 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,040 | €106,595 | +€24,555 | +29.9% |
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 9 October 2026 via checked.be.