FMD GROUP: 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.
FMD GROUP
Largest movements
- Receivables within one year +€30,934
up €30,934 (+71.0%), from €43,565 to €74,498
of which Trade receivables: +€27,710
- Debts after one year -€189,990
down €189,990 (-11.6%), from €1.6m to €1.5m
- Other debts +€171,000
up €171,000 (+40.3%), from €424,000 to €595,000
- Financial income -€394,254
down €394,254 (-100.0%), from €394,400 to €146
- Financial charges -€11,753
down €11,753 (-14.8%), from €79,657 to €67,903
- Gross operating margin +€11,044
up €11,044 (+14.3%), from €76,966 to €88,010
- Depreciation -€9,091
down €9,091 (-50.8%), from €17,891 to €8,800
- Other operating charges +€3,854
up €3,854 (+1519.3%), from €254 to €4,108
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 | €2,960,144 | €2,952,492 | -€7,652 | -0.3% |
| Formation expenses | 20 | €35,200 | €26,400 | -€8,800 | -25.0% |
| Fixed assets | 21/28 | €2,877,273 | €2,850,000 | -€27,273 | -0.9% |
| Tangible fixed assets | 22/27 | €27,273 | €0 | -€27,273 | -100.0% |
| Furniture and vehicles | 24 | €27,273 | €0 | -€27,273 | -100.0% |
| Financial fixed assets | 28 | €2,850,000 | €2,850,000 | = | 0.0% |
| Current assets | 29/58 | €47,672 | €76,092 | +€28,421 | +59.6% |
| Amounts receivable within one year | 40/41 | €43,565 | €74,498 | +€30,934 | +71.0% |
| Trade receivables | 40 | €41,140 | €68,850 | +€27,710 | +67.4% |
| Other amounts receivable | 41 | €2,425 | €5,648 | +€3,224 | +133.0% |
| Cash at bank and in hand | 54/58 | €4,107 | €1,448 | -€2,659 | -64.7% |
| Deferred charges and accrued income | 490/1 | - | €146 | +€146 | |
| Total equity and liabilities | 10/49 | €2,960,144 | €2,952,492 | -€7,652 | -0.3% |
| Equity | 10/15 | €663,565 | €670,911 | +€7,345 | +1.1% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €373,565 | €380,911 | +€7,345 | +2.0% |
| Amounts payable | 17/49 | €2,296,579 | €2,281,582 | -€14,997 | -0.7% |
| Amounts payable after more than one year | 17 | €1,641,513 | €1,451,523 | -€189,990 | -11.6% |
| Financial debts | 170/4 | €1,641,513 | €1,451,523 | -€189,990 | -11.6% |
| Amounts payable within one year | 42/48 | €619,413 | €798,371 | +€178,958 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €182,583 | €189,990 | +€7,407 | +4.1% |
| Trade debts | 44 | €369 | €151 | -€217 | -59.0% |
| Suppliers | 440/4 | €369 | €151 | -€217 | -59.0% |
| Taxes, remuneration and social security | 45 | €12,461 | €13,229 | +€768 | +6.2% |
| Taxes | 450/3 | €12,461 | €13,206 | +€744 | +6.0% |
| Remuneration and social security | 454/9 | - | €24 | +€24 | |
| Other amounts payable | 47/48 | €424,000 | €595,000 | +€171,000 | +40.3% |
| Accrued charges and deferred income | 492/3 | €35,653 | €31,688 | -€3,965 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,891 | €8,800 | -€9,091 | -50.8% |
| Other operating charges | 640/8 | €254 | €4,108 | +€3,854 | +1519.3% |
| Gross operating margin | 9900 | €76,966 | €88,010 | +€11,044 | +14.3% |
| Operating profit (loss) | 9901 | €58,822 | €75,103 | +€16,281 | +27.7% |
| Financial income | 75/76B | €394,400 | €146 | -€394,254 | -100.0% |
| Recurring financial income | 75 | €394,400 | €146 | -€394,254 | -100.0% |
| Financial charges | 65/66B | €79,657 | €67,903 | -€11,753 | -14.8% |
| Recurring financial charges | 65 | €79,657 | €67,903 | -€11,753 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €373,565 | €7,345 | -€366,220 | -98.0% |
| Profit (loss) for the period | 9904 | €373,565 | €7,345 | -€366,220 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €373,565 | €7,345 | -€366,220 | -98.0% |
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 29 September 2026 via checked.be.