FMC: 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.
FMC
Largest movements
- Tangible fixed assets -€16,574
down €16,574 (-3.4%), from €489,858 to €473,284
of which Land and buildings: -€19,314
- Cash -€13,371
down €13,371 (-80.5%), from €16,619 to €3,248
mainly Debts after one year (-€25,070) and Investment in fixed assets (net) (-€18,575)
- Deferred charges and accrued income +€8,368
up €8,368 (+3280.9%), from €255 to €8,623
- Receivables within one year +€7,165
up €7,165 (+17.7%), from €40,499 to €47,665
of which Trade receivables: +€4,501
- Debts after one year -€25,070
down €25,070 (-11.2%), from €223,718 to €198,647
of which Financial debts: -€20,780
- Tax, wage and social debts +€22,467
up €22,467 (+103.0%), from €21,814 to €44,281
of which Remuneration and social security: +€13,865
- Provisions -€11,177
down €11,177 (-54.3%), from €20,595 to €9,418
of which Provisions for liabilities and charges: -€10,000
- Staff costs +€128,164
up €128,164 (+201.8%), from €63,512 to €191,677
- Gross operating margin +€123,603
up €123,603 (+102.6%), from €120,439 to €244,042
- Other operating charges -€5,746
down €5,746 (-78.5%), from €7,322 to €1,576
- Taxes +€3,821
up €3,821 (+89.9%), from €4,250 to €8,071
- Depreciation +€3,258
up €3,258 (+10.1%), from €32,374 to €35,632
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,777 | €532,881 | -€14,896 | -2.7% |
| Fixed assets | 21/28 | €490,403 | €473,346 | -€17,058 | -3.5% |
| Intangible fixed assets | 21 | €545 | €62 | -€483 | -88.6% |
| Tangible fixed assets | 22/27 | €489,858 | €473,284 | -€16,574 | -3.4% |
| Land and buildings | 22 | €481,467 | €462,153 | -€19,314 | -4.0% |
| Plant, machinery and equipment | 23 | €3,701 | €3,999 | +€298 | +8.1% |
| Furniture and vehicles | 24 | €4,690 | €7,132 | +€2,442 | +52.1% |
| Current assets | 29/58 | €57,374 | €59,536 | +€2,162 | +3.8% |
| Amounts receivable within one year | 40/41 | €40,499 | €47,665 | +€7,165 | +17.7% |
| Trade receivables | 40 | €40,499 | €45,000 | +€4,501 | +11.1% |
| Other amounts receivable | 41 | - | €2,665 | +€2,665 | |
| Cash at bank and in hand | 54/58 | €16,619 | €3,248 | -€13,371 | -80.5% |
| Deferred charges and accrued income | 490/1 | €255 | €8,623 | +€8,368 | +3280.9% |
| Total equity and liabilities | 10/49 | €547,777 | €532,881 | -€14,896 | -2.7% |
| Equity | 10/15 | €251,069 | €249,008 | -€2,060 | -0.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Revaluation surpluses | 12 | €33,050 | €33,050 | = | 0.0% |
| Reserves | 13 | €57,971 | €55,685 | -€2,286 | -3.9% |
| Non-distributable reserves | 130/1 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | €6,000 | - | -€6,000 | |
| Tax-exempt reserves | 132 | €46,434 | €44,148 | -€2,286 | -4.9% |
| Distributable reserves | 133 | €5,537 | €11,537 | +€6,000 | +108.4% |
| Profit (loss) carried forward | 14 | €100,047 | €100,273 | +€226 | +0.2% |
| Provisions and deferred taxes | 16 | €20,595 | €9,418 | -€11,177 | -54.3% |
| Provisions for liabilities and charges | 160/5 | €10,000 | - | -€10,000 | |
| Other liabilities and charges | 164/5 | €10,000 | - | -€10,000 | |
| Deferred taxes | 168 | €10,595 | €9,418 | -€1,177 | -11.1% |
| Amounts payable | 17/49 | €276,114 | €274,456 | -€1,658 | -0.6% |
| Amounts payable after more than one year | 17 | €223,718 | €198,647 | -€25,070 | -11.2% |
| Financial debts | 170/4 | €189,428 | €168,647 | -€20,780 | -11.0% |
| Other amounts payable | 178/9 | €34,290 | €30,000 | -€4,290 | -12.5% |
| Amounts payable within one year | 42/48 | €52,396 | €75,808 | +€23,412 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €19,972 | €20,780 | +€808 | +4.0% |
| Financial debts | 43 | - | €119 | +€119 | |
| Credit institutions | 430/8 | - | €119 | +€119 | |
| Trade debts | 44 | €10,583 | €10,628 | +€45 | +0.4% |
| Suppliers | 440/4 | €10,583 | €10,628 | +€45 | +0.4% |
| Taxes, remuneration and social security | 45 | €21,814 | €44,281 | +€22,467 | +103.0% |
| Taxes | 450/3 | €10,098 | €18,700 | +€8,602 | +85.2% |
| Remuneration and social security | 454/9 | €11,716 | €25,581 | +€13,865 | +118.3% |
| Other amounts payable | 47/48 | €27 | - | -€27 | |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €63,512 | €191,677 | +€128,164 | +201.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,374 | €35,632 | +€3,258 | +10.1% |
| Other operating charges | 640/8 | €7,322 | €1,576 | -€5,746 | -78.5% |
| Non-recurring operating charges | 66A | €3,450 | - | -€3,450 | |
| Gross operating margin | 9900 | €120,439 | €244,042 | +€123,603 | +102.6% |
| Operating profit (loss) | 9901 | €13,780 | €15,156 | +€1,376 | +10.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.1% |
| Financial charges | 65/66B | €11,407 | €10,323 | -€1,085 | -9.5% |
| Recurring financial charges | 65 | €11,407 | €10,323 | -€1,085 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €2,373 | €4,834 | +€2,461 | +103.7% |
| Transfer from deferred taxes | 780 | €1,177 | €1,177 | = | 0.0% |
| Income taxes | 67/77 | €4,250 | €8,071 | +€3,821 | +89.9% |
| Profit (loss) for the period | 9904 | -€700 | -€2,060 | -€1,361 | -194.4% |
| Transfer from tax-exempt reserves | 789 | €2,286 | €2,286 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,586 | €226 | -€1,361 | -85.8% |
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 28 September 2026 via checked.be.