FMBA: 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.
FMBA
Largest movements
- Cash +€35,046
up €35,046 (+147.2%), from €23,802 to €58,848
mainly Depreciation (+€41,781) and Net result for the year (+€30,039)
- Tangible fixed assets -€23,781
down €23,781 (-34.3%), from €69,428 to €45,646
of which Furniture and vehicles: -€21,856
- Stocks and contracts -€14,663
down €14,663 (-100.0%), from €14,663 to €0
- Deferred charges and accrued income -€13,065
down €13,065 (-95.4%), from €13,702 to €636
- Trade debts -€38,762
down €38,762 (-32.8%), from €118,286 to €79,524
- Other debts +€23,251
up €23,251 (+980.1%), from €2,372 to €25,624
- Profit (loss) carried forward +€5,039
up €5,039 (+9.0%), from €56,208 to €61,247
- Gross operating margin +€72,398
up €72,398 (+25.7%), from €282,239 to €354,638
- Staff costs +€64,877
up €64,877 (+33.6%), from €193,134 to €258,011
- Depreciation +€10,606
up €10,606 (+34.0%), from €31,175 to €41,781
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 | €355,800 | €340,998 | -€14,802 | -4.2% |
| Fixed assets | 21/28 | €108,356 | €84,574 | -€23,781 | -21.9% |
| Tangible fixed assets | 22/27 | €69,428 | €45,646 | -€23,781 | -34.3% |
| Furniture and vehicles | 24 | €61,817 | €39,961 | -€21,856 | -35.4% |
| Other tangible fixed assets | 26 | €7,610 | €5,685 | -€1,926 | -25.3% |
| Financial fixed assets | 28 | €38,928 | €38,928 | = | 0.0% |
| Current assets | 29/58 | €247,444 | €256,423 | +€8,980 | +3.6% |
| Stocks and contracts in progress | 3 | €14,663 | €0 | -€14,663 | -100.0% |
| Contracts in progress | 37 | €14,663 | €0 | -€14,663 | -100.0% |
| Amounts receivable within one year | 40/41 | €195,277 | €196,939 | +€1,662 | +0.9% |
| Trade receivables | 40 | €195,277 | €179,939 | -€15,338 | -7.9% |
| Other amounts receivable | 41 | - | €17,000 | +€17,000 | |
| Cash at bank and in hand | 54/58 | €23,802 | €58,848 | +€35,046 | +147.2% |
| Deferred charges and accrued income | 490/1 | €13,702 | €636 | -€13,065 | -95.4% |
| Total equity and liabilities | 10/49 | €355,800 | €340,998 | -€14,802 | -4.2% |
| Equity | 10/15 | €176,668 | €181,707 | +€5,039 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Distributable reserves | 133 | €101,860 | €101,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,208 | €61,247 | +€5,039 | +9.0% |
| Amounts payable | 17/49 | €179,132 | €159,291 | -€19,841 | -11.1% |
| Amounts payable within one year | 42/48 | €179,132 | €159,291 | -€19,841 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €3,426 | €0 | -€3,426 | -100.0% |
| Trade debts | 44 | €118,286 | €79,524 | -€38,762 | -32.8% |
| Suppliers | 440/4 | €118,286 | €79,524 | -€38,762 | -32.8% |
| Taxes, remuneration and social security | 45 | €55,047 | €54,144 | -€904 | -1.6% |
| Taxes | 450/3 | €48,219 | €44,680 | -€3,539 | -7.3% |
| Remuneration and social security | 454/9 | €6,828 | €9,463 | +€2,635 | +38.6% |
| Other amounts payable | 47/48 | €2,372 | €25,624 | +€23,251 | +980.1% |
| Remuneration, social security and pensions | 62 | €193,134 | €258,011 | +€64,877 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,175 | €41,781 | +€10,606 | +34.0% |
| Other operating charges | 640/8 | €2,483 | €4,995 | +€2,513 | +101.2% |
| Gross operating margin | 9900 | €282,239 | €354,638 | +€72,398 | +25.7% |
| Operating profit (loss) | 9901 | €55,448 | €49,850 | -€5,598 | -10.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,532 | €2,306 | -€2,226 | -49.1% |
| Recurring financial charges | 65 | €4,532 | €2,306 | -€2,226 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €50,916 | €47,545 | -€3,372 | -6.6% |
| Income taxes | 67/77 | €20,304 | €17,506 | -€2,798 | -13.8% |
| Profit (loss) for the period | 9904 | €30,612 | €30,039 | -€573 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,612 | €30,039 | -€573 | -1.9% |
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 11 October 2026 via checked.be.