FMC: 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.
FMC
Largest movements
- Tangible fixed assets +€53,299
up €53,299 (+180%), from €29,658 to €82,957
of which Furniture and vehicles: +€53,457
- Receivables within one year +€10,252
up €10,252 (+72.1%), from €14,222 to €24,474
of which Trade receivables: +€10,422
- Cash -€6,045
down €6,045 (-39.0%), from €15,502 to €9,458
mainly Investment in fixed assets (net) (-€73,363) and Receivables within one year (-€10,252)
- Debts after one year +€34,822
new in 2025: €34,822
- Accrued charges and deferred income +€20,000
new in 2025: €20,000
- Current portion of long-term debt +€10,464
new in 2025: €10,464
- Trade debts -€10,049
down €10,049 (-49.9%), from €20,121 to €10,072
- Other debts +€2,265
up €2,265 (+181%), from €1,255 to €3,519
- Depreciation +€13,789
up €13,789 (+220%), from €6,275 to €20,065
- Financial income +€6,756
new in 2025: €6,756
- Gross operating margin +€4,522
up €4,522 (+27.3%), from €16,543 to €21,065
- Financial charges -€1,194
down €1,194 (-65.7%), from €1,818 to €624
- Taxes -€1,193
down €1,193 (-28.1%), from €4,240 to €3,047
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 | €59,383 | €116,888 | +€57,506 | +96.8% |
| Fixed assets | 21/28 | €29,658 | €82,957 | +€53,299 | +180% |
| Tangible fixed assets | 22/27 | €29,658 | €82,957 | +€53,299 | +180% |
| Land and buildings | 22 | €27,481 | €27,322 | -€158 | -0.6% |
| Furniture and vehicles | 24 | €2,177 | €55,634 | +€53,457 | +2,455% |
| Current assets | 29/58 | €29,725 | €33,932 | +€4,207 | +14.2% |
| Amounts receivable within one year | 40/41 | €14,222 | €24,474 | +€10,252 | +72.1% |
| Trade receivables | 40 | - | €10,422 | +€10,422 | |
| Other amounts receivable | 41 | €14,222 | €14,051 | -€171 | -1.2% |
| Cash at bank and in hand | 54/58 | €15,502 | €9,458 | -€6,045 | -39.0% |
| Total equity and liabilities | 10/49 | €59,383 | €116,888 | +€57,506 | +96.8% |
| Equity | 10/15 | €31,847 | €33,630 | +€1,783 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,247 | €15,030 | +€1,783 | +13.5% |
| Amounts payable | 17/49 | €27,536 | €83,258 | +€55,722 | +202% |
| Amounts payable after more than one year | 17 | - | €34,822 | +€34,822 | |
| Financial debts | 170/4 | - | €34,822 | +€34,822 | |
| Amounts payable within one year | 42/48 | €27,536 | €28,437 | +€901 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | - | €10,464 | +€10,464 | |
| Trade debts | 44 | €20,121 | €10,072 | -€10,049 | -49.9% |
| Suppliers | 440/4 | €20,121 | €10,072 | -€10,049 | -49.9% |
| Taxes, remuneration and social security | 45 | €6,160 | €4,381 | -€1,779 | -28.9% |
| Taxes | 450/3 | €6,160 | €4,381 | -€1,779 | -28.9% |
| Other amounts payable | 47/48 | €1,255 | €3,519 | +€2,265 | +181% |
| Accrued charges and deferred income | 492/3 | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,275 | €20,065 | +€13,789 | +220% |
| Other operating charges | 640/8 | €807 | €703 | -€104 | -12.9% |
| Gross operating margin | 9900 | €16,543 | €21,065 | +€4,522 | +27.3% |
| Operating profit (loss) | 9901 | €9,460 | €298 | -€9,163 | -96.9% |
| Financial income | 75/76B | - | €6,756 | +€6,756 | |
| Recurring financial income | 75 | - | €6,756 | +€6,756 | |
| Financial charges | 65/66B | €1,818 | €624 | -€1,194 | -65.7% |
| Recurring financial charges | 65 | €1,818 | €624 | -€1,194 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €7,642 | €6,430 | -€1,212 | -15.9% |
| Income taxes | 67/77 | €4,240 | €3,047 | -€1,193 | -28.1% |
| Profit (loss) for the period | 9904 | €3,403 | €3,383 | -€19 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,403 | €3,383 | -€19 | -0.6% |
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 16 October 2026 via checked.be.